Can I retire at age 75 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$990,949$982,122$973,510$965,105$956,897$921,115
2 years$490,569$481,432$472,578$463,993$455,665$420,025
3 years$323,797$314,621$305,789$297,285$289,093$254,715
4 years$240,428$231,280$222,536$214,177$206,183$173,331
5 years$190,419$181,326$172,697$164,508$156,737$125,495
6 years$157,091$148,067$139,565$131,559$124,021$94,411
7 years$133,294$124,346$115,979$108,162$100,862$72,876
8 years$115,455$106,588$98,360$90,734$83,675$57,288
9 years$101,588$92,804$84,717$77,285$70,466$45,640
10 years$90,500$81,802$73,858$66,621$60,041$36,731
11 years$81,434$72,823$65,024$57,980$51,637$29,793
12 years$73,885$65,362$57,707$50,856$44,748$24,314
13 years$67,502$59,068$51,557$44,898$39,021$19,939
14 years$62,035$53,692$46,324$39,856$34,205$16,416
15 years$57,302$49,048$41,825$35,544$30,117$13,558
16 years$53,165$45,001$37,920$31,826$26,618$11,226
17 years$49,518$41,444$34,506$28,595$23,601$9,315
18 years$46,279$38,296$31,499$25,770$20,985$7,742
19 years$43,385$35,493$28,836$23,286$18,704$6,444
20 years$40,784$32,981$26,464$21,090$16,707$5,370
21 years$38,434$30,721$24,342$19,140$14,951$4,479
22 years$36,300$28,677$22,435$17,403$13,401$3,740
23 years$34,354$26,821$20,715$15,849$12,030$3,124
24 years$32,574$25,129$19,158$14,455$10,813$2,611
25 years$30,938$23,583$17,744$13,201$9,730$2,184
26 years$29,430$22,164$16,457$12,071$8,764$1,827
27 years$28,037$20,859$15,281$11,049$7,902$1,529
28 years$26,745$19,655$14,206$10,123$7,130$1,280
29 years$25,545$18,542$13,220$9,283$6,438$1,071
30 years$24,427$17,511$12,314$8,519$5,817$897
31 years$23,383$16,554$11,480$7,824$5,259$751
32 years$22,406$15,663$10,711$7,191$4,757$629
33 years$21,490$14,834$10,001$6,613$4,305$527
34 years$20,630$14,059$9,344$6,084$3,898$442
35 years$19,821$13,335$8,736$5,601$3,531$370
36 years$19,059$12,656$8,172$5,158$3,199$310
37 years$18,339$12,021$7,649$4,753$2,899$260
38 years$17,659$11,424$7,163$4,381$2,629$218
39 years$17,016$10,863$6,711$4,039$2,384$183
40 years$16,406$10,335$6,290$3,725$2,162$153
41 years$15,827$9,838$5,898$3,437$1,961$128
42 years$15,278$9,370$5,533$3,172$1,780$107
43 years$14,755$8,927$5,192$2,928$1,615$90
44 years$14,258$8,510$4,873$2,704$1,466$75
45 years$13,784$8,115$4,576$2,497$1,331$63
46 years$13,332$7,741$4,298$2,307$1,209$53
47 years$12,900$7,387$4,038$2,131$1,097$44
48 years$12,488$7,052$3,794$1,969$997$37
49 years$12,094$6,735$3,567$1,820$905$31
50 years$11,716$6,433$3,353$1,682$822$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $12,000,000, adding $6,446 every year, while hoping to spend $51,958 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: 47/39/14 Blend
74$12,000,000$12,000,000$12,000,000$12,000,000
75$13,230,649$12,594,649$12,408,649$13,800,210
76$14,524,892$13,156,504$12,769,056$14,757,001
77$15,949,407$13,744,148$13,139,795$15,788,992
78$17,517,426$14,358,791$13,521,157$16,907,897
79$19,243,530$15,001,698$13,913,443$18,121,827
80$21,143,785$15,674,197$14,316,959$19,439,693
81$23,235,895$16,377,676$14,732,021$20,871,278
82$25,539,367$17,113,593$15,158,954$22,427,328
83$28,075,695$17,883,472$15,598,091$24,119,648
84$30,868,566$18,688,911$16,049,777$25,961,210
85$33,944,077$19,531,585$16,514,362$27,966,268
86$37,330,988$20,413,248$16,992,208$30,150,487
87$41,060,989$21,335,738$17,483,688$32,531,086
88$45,169,001$22,300,981$17,989,183$35,126,996
89$49,693,504$23,310,993$18,509,085$37,959,029
90$54,676,900$24,367,891$19,043,798$41,050,071
91$60,165,914$25,473,887$19,593,735$44,425,289
92$66,212,035$26,631,305$20,159,323$48,112,361
93$72,872,000$27,842,576$20,740,997$52,141,734
94$80,208,330$29,110,249$21,339,207$56,546,897
95$88,289,923$30,436,995$21,954,414$61,364,695
96$97,192,700$31,825,612$22,587,091$66,635,664
97$107,000,321$33,279,033$23,237,724$72,404,405
98$117,804,980$34,800,331$23,906,814$78,719,998
99$129,708,268$36,392,728$24,594,873$85,636,455
100$142,822,139$38,059,599$25,302,428$93,213,218