Can I retire at age 75 with 18,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,443,652
2 years$768,558$754,244$740,372$726,922$713,875$658,600
3 years$507,282$492,907$479,070$465,746$452,912$399,587
4 years$376,670$362,339$348,640$335,544$323,021$272,052
5 years$298,323$284,078$270,559$257,730$245,555$197,075
6 years$246,109$231,971$218,652$206,108$194,299$148,343
7 years$208,828$194,809$181,701$169,453$158,017$114,572
8 years$180,880$166,987$154,097$142,150$131,091$90,118
9 years$159,154$145,392$132,723$121,080$110,397$71,840
10 years$141,783$128,156$115,711$104,372$94,064$57,853
11 years$127,580$114,090$101,870$90,835$80,898$46,956
12 years$115,753$102,401$90,407$79,675$70,105$38,346
13 years$105,753$92,541$80,773$70,341$61,133$31,468
14 years$97,189$84,117$72,575$62,441$53,589$25,926
15 years$89,773$76,842$65,525$55,686$47,184$21,427
16 years$83,291$70,501$59,408$49,861$41,701$17,754
17 years$77,577$64,929$54,059$44,800$36,975$14,743
18 years$72,504$59,997$49,349$40,373$32,876$12,263
19 years$67,971$55,605$45,177$36,481$29,303$10,215
20 years$63,895$51,671$41,461$33,040$26,174$8,519
21 years$60,213$48,129$38,136$29,986$23,423$7,112
22 years$56,870$44,927$35,148$27,264$20,996$5,942
23 years$53,822$42,019$32,453$24,830$18,847$4,967
24 years$51,032$39,369$30,014$22,647$16,940$4,155
25 years$48,469$36,946$27,799$20,682$15,243$3,478
26 years$46,108$34,723$25,782$18,911$13,731$2,912
27 years$43,925$32,679$23,941$17,309$12,379$2,438
28 years$41,901$30,793$22,256$15,859$11,170$2,043
29 years$40,021$29,050$20,711$14,543$10,086$1,712
30 years$38,269$27,434$19,292$13,347$9,114$1,435
31 years$36,633$25,935$17,985$12,258$8,240$1,202
32 years$35,103$24,539$16,780$11,266$7,453$1,008
33 years$33,668$23,239$15,668$10,360$6,745$845
34 years$32,321$22,026$14,639$9,532$6,107$709
35 years$31,053$20,891$13,687$8,775$5,531$594
36 years$29,859$19,828$12,804$8,081$5,012$498
37 years$28,732$18,833$11,984$7,446$4,542$418
38 years$27,666$17,898$11,222$6,863$4,118$351
39 years$26,658$17,019$10,514$6,328$3,734$294
40 years$25,703$16,192$9,855$5,837$3,387$247
41 years$24,796$15,413$9,241$5,385$3,073$207
42 years$23,935$14,679$8,668$4,970$2,788$174
43 years$23,116$13,986$8,134$4,588$2,531$146
44 years$22,337$13,332$7,635$4,236$2,297$122
45 years$21,594$12,713$7,169$3,912$2,085$102
46 years$20,886$12,128$6,733$3,614$1,893$86
47 years$20,210$11,574$6,326$3,338$1,719$72
48 years$19,564$11,049$5,945$3,085$1,561$60
49 years$18,946$10,551$5,588$2,851$1,418$51
50 years$18,355$10,079$5,253$2,635$1,288$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $18,800,000, adding $4,787 every year, while hoping to spend $44,598 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: 74/7/19 Blend
74$18,800,000$18,800,000$18,800,000$18,800,000
75$20,722,538$19,726,138$19,434,738$22,163,187
76$22,788,785$20,645,267$20,038,350$24,038,657
77$25,064,294$21,607,938$20,660,688$26,087,311
78$27,570,364$22,616,238$21,302,332$28,331,128
79$30,330,462$23,672,355$21,963,881$30,789,525
80$33,370,450$24,778,581$22,645,952$33,483,879
81$36,718,824$25,937,320$23,349,180$36,437,731
82$40,406,987$27,151,092$24,074,221$39,677,003
83$44,469,542$28,422,538$24,821,750$43,230,240
84$48,944,621$29,754,428$25,592,464$47,128,877
85$53,874,242$31,149,665$26,387,081$51,407,535
86$59,304,709$32,611,292$27,206,342$56,104,342
87$65,287,044$34,142,501$28,051,010$61,261,291
88$71,877,476$35,746,636$28,921,872$66,924,634
89$79,137,963$37,427,206$29,819,739$73,145,315
90$87,136,782$39,187,886$30,745,447$79,979,446
91$95,949,174$41,032,533$31,699,860$87,488,838
92$105,658,050$42,965,187$32,683,865$95,741,574
93$116,354,775$44,990,086$33,698,379$104,812,652
94$128,140,035$47,111,672$34,744,347$114,784,691
95$141,124,778$49,334,604$35,822,743$125,748,701
96$155,431,271$51,663,765$36,934,570$137,804,944
97$171,194,247$54,104,276$38,080,864$151,063,872
98$188,562,179$56,661,504$39,262,692$165,647,164
99$207,698,684$59,341,080$40,481,154$181,688,878
100$228,784,061$62,148,904$41,737,385$199,336,699