Can I retire at age 75 with 17,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,335,686
2 years$703,148$690,053$677,361$665,056$653,120$617,230
3 years$464,109$450,957$438,298$426,108$414,366$379,575
4 years$344,613$331,501$318,968$306,987$295,529$262,105
5 years$272,934$259,901$247,533$235,795$224,657$192,691
6 years$225,164$212,229$200,043$188,567$177,763$147,288
7 years$191,055$178,229$166,237$155,032$144,569$115,586
8 years$165,486$152,776$140,982$130,052$119,934$92,429
9 years$145,609$133,019$121,428$110,776$101,002$74,951
10 years$129,717$117,249$105,863$95,490$86,059$61,429
11 years$116,722$104,380$93,200$83,105$74,013$50,768
12 years$105,901$93,686$82,713$72,894$64,138$42,236
13 years$96,753$84,665$73,899$64,354$55,930$35,326
14 years$88,917$76,958$66,398$57,127$49,028$29,674
15 years$82,133$70,302$59,949$50,947$43,168$25,016
16 years$76,202$64,501$54,352$45,617$38,152$21,151
17 years$70,975$59,403$49,458$40,987$33,828$17,927
18 years$66,334$54,891$45,149$36,937$30,078$15,226
19 years$62,186$50,873$41,332$33,376$26,810$12,954
20 years$58,457$47,273$37,932$30,229$23,947$11,037
21 years$55,088$44,033$34,890$27,434$21,430$9,415
22 years$52,030$41,103$32,157$24,944$19,209$8,040
23 years$49,241$38,443$29,691$22,717$17,243$6,871
24 years$46,689$36,019$27,459$20,719$15,498$5,877
25 years$44,344$33,802$25,433$18,922$13,946$5,030
26 years$42,184$31,768$23,588$17,301$12,562$4,308
27 years$40,186$29,898$21,903$15,836$11,326$3,690
28 years$38,335$28,172$20,362$14,509$10,219$3,163
29 years$36,615$26,577$18,949$13,305$9,228$2,712
30 years$35,012$25,100$17,650$12,211$8,338$2,326
31 years$33,515$23,727$16,454$11,215$7,538$1,995
32 years$32,115$22,451$15,352$10,307$6,819$1,712
33 years$30,803$21,261$14,334$9,478$6,171$1,469
34 years$29,570$20,151$13,393$8,721$5,587$1,261
35 years$28,410$19,113$12,522$8,028$5,061$1,082
36 years$27,318$18,141$11,714$7,393$4,585$929
37 years$26,286$17,230$10,964$6,812$4,156$798
38 years$25,312$16,374$10,267$6,279$3,768$685
39 years$24,389$15,570$9,619$5,789$3,417$588
40 years$23,515$14,814$9,016$5,340$3,099$505
41 years$22,686$14,102$8,454$4,927$2,811$434
42 years$21,898$13,430$7,930$4,547$2,551$373
43 years$21,149$12,796$7,442$4,197$2,315$320
44 years$20,436$12,197$6,985$3,875$2,102$275
45 years$19,757$11,631$6,559$3,579$1,908$236
46 years$19,109$11,096$6,160$3,306$1,732$203
47 years$18,490$10,589$5,788$3,054$1,573$174
48 years$17,899$10,108$5,439$2,822$1,428$150
49 years$17,334$9,653$5,112$2,608$1,297$129
50 years$16,793$9,221$4,806$2,411$1,178$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $17,200,000, adding $5,682 every year, while hoping to spend $27,940 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 59/24/17 Blend
74$17,200,000$17,200,000$17,200,000$17,200,000
75$18,960,261$18,048,661$17,782,061$19,995,278
76$20,864,480$18,903,317$18,348,032$21,550,732
77$22,961,992$19,798,916$18,932,027$23,242,646
78$25,272,485$20,737,432$19,534,619$25,087,111
79$27,817,652$21,720,940$20,156,402$27,098,857
80$30,621,398$22,751,611$20,797,988$29,294,081
81$33,710,066$23,831,726$21,460,006$31,690,597
82$37,112,685$24,963,672$22,143,108$34,307,993
83$40,861,243$26,149,956$22,847,966$37,167,817
84$44,990,990$27,393,205$23,575,273$40,293,771
85$49,540,771$28,696,172$24,325,745$43,711,930
86$54,553,393$30,061,747$25,100,120$47,450,983
87$60,076,024$31,492,958$25,899,160$51,542,496
88$66,160,647$32,992,982$26,723,650$56,021,203
89$72,864,543$34,565,147$27,574,402$60,925,329
90$80,250,835$36,212,948$28,452,253$66,296,941
91$88,389,082$37,940,045$29,358,066$72,182,340
92$97,355,940$39,750,279$30,292,733$78,632,488
93$107,235,880$41,647,676$31,257,173$85,703,482
94$118,121,986$43,636,459$32,252,335$93,457,076
95$130,116,839$45,721,056$33,279,199$101,961,249
96$143,333,479$47,906,110$34,338,774$111,290,846
97$157,896,475$50,196,491$35,432,105$121,528,269
98$173,943,101$52,597,304$36,560,265$132,764,244
99$191,624,630$55,113,904$37,724,366$145,098,671
100$211,107,763$57,751,907$38,925,554$158,641,549