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

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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.
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,558,394
2 years$805,350$790,351$775,815$761,721$748,050$735,439
3 years$531,567$516,503$502,004$488,042$474,594$462,272
4 years$394,702$379,685$365,330$351,607$338,484$326,548
5 years$312,605$297,677$283,511$270,068$257,310$245,794
6 years$257,891$243,076$229,119$215,975$203,601$192,520
7 years$218,825$204,135$190,399$177,565$165,582$154,941
8 years$189,539$174,981$161,474$148,955$137,366$127,165
9 years$166,773$152,353$139,077$126,877$115,682$105,918
10 years$148,571$134,291$121,251$109,369$98,567$89,234
11 years$133,688$119,552$106,747$95,184$84,771$75,863
12 years$121,294$107,303$94,735$83,489$73,461$64,969
13 years$110,815$96,971$84,640$73,708$64,059$55,974
14 years$101,841$88,144$76,049$65,430$56,154$48,466
15 years$94,071$80,521$68,662$58,352$49,442$42,141
16 years$87,278$73,876$62,253$52,248$43,697$36,771
17 years$81,291$68,037$56,647$46,944$38,745$32,182
18 years$75,975$62,870$51,712$42,306$34,450$28,238
19 years$71,225$58,267$47,339$38,227$30,706$24,833
20 years$66,954$54,144$43,446$34,622$27,427$21,881
21 years$63,095$50,433$39,962$31,422$24,544$19,311
22 years$59,592$47,078$36,831$28,570$22,001$17,069
23 years$56,398$44,031$34,007$26,019$19,749$15,106
24 years$53,475$41,254$31,451$23,731$17,751$13,383
25 years$50,790$38,715$29,130$21,672$15,973$11,869
26 years$48,315$36,386$27,016$19,816$14,388$10,535
27 years$46,027$34,243$25,087$18,138$12,972$9,358
28 years$43,907$32,267$23,322$16,618$11,705$8,318
29 years$41,936$30,440$21,703$15,239$10,569$7,398
30 years$40,101$28,748$20,215$13,986$9,550$6,584
31 years$38,387$27,176$18,846$12,845$8,634$5,861
32 years$36,783$25,714$17,584$11,805$7,810$5,221
33 years$35,280$24,352$16,418$10,856$7,068$4,651
34 years$33,868$23,080$15,340$9,988$6,399$4,146
35 years$32,540$21,891$14,342$9,195$5,796$3,696
36 years$31,288$20,778$13,416$8,468$5,252$3,296
37 years$30,107$19,734$12,558$7,802$4,760$2,940
38 years$28,991$18,754$11,760$7,191$4,315$2,623
39 years$27,934$17,834$11,017$6,631$3,913$2,340
40 years$26,933$16,967$10,327$6,116$3,549$2,089
41 years$25,983$16,151$9,683$5,643$3,220$1,864
42 years$25,081$15,382$9,083$5,208$2,922$1,664
43 years$24,223$14,656$8,523$4,807$2,652$1,486
44 years$23,406$13,970$8,001$4,439$2,407$1,327
45 years$22,628$13,322$7,512$4,099$2,185$1,185
46 years$21,886$12,708$7,056$3,787$1,984$1,058
47 years$21,178$12,128$6,629$3,498$1,802$945
48 years$20,501$11,577$6,229$3,233$1,636$844
49 years$19,854$11,056$5,855$2,987$1,486$754
50 years$19,234$10,561$5,505$2,761$1,350$673

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 $5,499 every year, while hoping to spend $48,127 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: 37/49/14 Blend