Can I retire at age 75 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,539,188
2 years$805,350$790,351$775,815$761,721$748,050$716,235
3 years$531,567$516,503$502,004$488,042$474,594$443,672
4 years$394,702$379,685$365,330$351,607$338,484$308,695
5 years$312,605$297,677$283,511$270,068$257,310$228,738
6 years$257,891$243,076$229,119$215,975$203,601$176,276
7 years$218,825$204,135$190,399$177,565$165,582$139,512
8 years$189,539$174,981$161,474$148,955$137,366$112,542
9 years$166,773$152,353$139,077$126,877$115,682$92,088
10 years$148,571$134,291$121,251$109,369$98,567$76,179
11 years$133,688$119,552$106,747$95,184$84,771$63,563
12 years$121,294$107,303$94,735$83,489$73,461$53,401
13 years$110,815$96,971$84,640$73,708$64,059$45,114
14 years$101,841$88,144$76,049$65,430$56,154$38,287
15 years$94,071$80,521$68,662$58,352$49,442$32,616
16 years$87,278$73,876$62,253$52,248$43,697$27,872
17 years$81,291$68,037$56,647$46,944$38,745$23,881
18 years$75,975$62,870$51,712$42,306$34,450$20,508
19 years$71,225$58,267$47,339$38,227$30,706$17,644
20 years$66,954$54,144$43,446$34,622$27,427$15,204
21 years$63,095$50,433$39,962$31,422$24,544$13,119
22 years$59,592$47,078$36,831$28,570$22,001$11,334
23 years$56,398$44,031$34,007$26,019$19,749$9,801
24 years$53,475$41,254$31,451$23,731$17,751$8,483
25 years$50,790$38,715$29,130$21,672$15,973$7,348
26 years$48,315$36,386$27,016$19,816$14,388$6,369
27 years$46,027$34,243$25,087$18,138$12,972$5,523
28 years$43,907$32,267$23,322$16,618$11,705$4,792
29 years$41,936$30,440$21,703$15,239$10,569$4,159
30 years$40,101$28,748$20,215$13,986$9,550$3,611
31 years$38,387$27,176$18,846$12,845$8,634$3,137
32 years$36,783$25,714$17,584$11,805$7,810$2,725
33 years$35,280$24,352$16,418$10,856$7,068$2,368
34 years$33,868$23,080$15,340$9,988$6,399$2,058
35 years$32,540$21,891$14,342$9,195$5,796$1,789
36 years$31,288$20,778$13,416$8,468$5,252$1,556
37 years$30,107$19,734$12,558$7,802$4,760$1,353
38 years$28,991$18,754$11,760$7,191$4,315$1,176
39 years$27,934$17,834$11,017$6,631$3,913$1,023
40 years$26,933$16,967$10,327$6,116$3,549$890
41 years$25,983$16,151$9,683$5,643$3,220$774
42 years$25,081$15,382$9,083$5,208$2,922$673
43 years$24,223$14,656$8,523$4,807$2,652$586
44 years$23,406$13,970$8,001$4,439$2,407$510
45 years$22,628$13,322$7,512$4,099$2,185$444
46 years$21,886$12,708$7,056$3,787$1,984$386
47 years$21,178$12,128$6,629$3,498$1,802$336
48 years$20,501$11,577$6,229$3,233$1,636$292
49 years$19,854$11,056$5,855$2,987$1,486$254
50 years$19,234$10,561$5,505$2,761$1,350$221

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $19,700,000, adding $4,870 every year, while hoping to spend $56,046 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: 63/23/14 Blend
74$19,700,000$19,700,000$19,700,000$19,700,000
75$21,714,423$20,670,323$20,364,973$23,008,790
76$23,869,662$21,623,537$20,987,568$24,830,337
77$26,242,857$22,621,579$21,629,140$26,811,729
78$28,856,180$23,666,588$22,290,268$28,973,998
79$31,734,063$24,760,804$22,971,545$31,334,732
80$34,903,428$25,906,574$23,673,583$33,913,280
81$38,393,943$27,106,361$24,397,012$36,730,920
82$42,238,296$28,362,744$25,142,483$39,811,067
83$46,472,511$29,678,427$25,910,665$43,179,477
84$51,136,282$31,056,245$26,702,247$46,864,494
85$56,273,350$32,499,168$27,517,940$50,897,305
86$61,931,916$34,010,311$28,358,475$55,312,231
87$68,165,094$35,592,939$29,224,607$60,147,043
88$75,031,414$37,250,474$30,117,111$65,443,317
89$82,595,373$38,986,502$31,036,790$71,246,810
90$90,928,045$40,804,785$31,984,466$77,607,892
91$100,107,750$42,709,264$32,960,990$84,582,014
92$110,220,794$44,704,071$33,967,236$92,230,216
93$121,362,282$46,793,538$35,004,106$100,619,704
94$133,637,020$48,982,206$36,072,529$109,824,469
95$147,160,499$51,274,837$37,173,461$119,925,979
96$162,059,986$53,676,420$38,307,889$131,013,939
97$178,475,728$56,192,188$39,476,826$143,187,126
98$196,562,273$58,827,626$40,681,321$156,554,310
99$216,489,929$61,588,484$41,922,449$171,235,273
100$238,446,373$64,480,790$43,201,322$187,361,928