Can I retire at age 75 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,007,465$998,491$989,735$981,190$972,845$965,097
2 years$498,745$489,456$480,454$471,726$463,260$455,449
3 years$329,194$319,865$310,886$302,239$293,911$286,280
4 years$244,435$235,135$226,245$217,746$209,620$202,228
5 years$193,593$184,348$175,575$167,250$159,350$152,218
6 years$159,709$150,534$141,891$133,751$126,088$119,225
7 years$135,516$126,419$117,912$109,964$102,543$95,953
8 years$117,379$108,364$99,999$92,246$85,069$78,752
9 years$103,281$94,350$86,129$78,573$71,641$65,594
10 years$92,008$83,165$75,089$67,731$61,042$55,262
11 years$82,791$74,037$66,107$58,946$52,498$46,981
12 years$75,116$66,452$58,669$51,704$45,493$40,234
13 years$68,627$60,053$52,416$45,647$39,671$34,664
14 years$63,069$54,586$47,096$40,520$34,776$30,014
15 years$58,257$49,866$42,522$36,137$30,619$26,097
16 years$54,051$45,751$38,552$32,357$27,061$22,772
17 years$50,343$42,135$35,081$29,072$23,994$19,930
18 years$47,051$38,934$32,024$26,200$21,335$17,488
19 years$44,109$36,084$29,317$23,674$19,016$15,379
20 years$41,464$33,531$26,906$21,441$16,986$13,550
21 years$39,074$31,233$24,748$19,459$15,200$11,959
22 years$36,905$29,155$22,809$17,693$13,625$10,570
23 years$34,927$27,268$21,060$16,113$12,230$9,355
24 years$33,116$25,548$19,477$14,696$10,993$8,288
25 years$31,453$23,976$18,040$13,421$9,892$7,350
26 years$29,921$22,533$16,731$12,272$8,910$6,524
27 years$28,504$21,206$15,536$11,233$8,033$5,795
28 years$27,191$19,983$14,443$10,292$7,249$5,151
29 years$25,971$18,851$13,440$9,438$6,545$4,582
30 years$24,834$17,803$12,519$8,661$5,914$4,077
31 years$23,772$16,830$11,671$7,955$5,347$3,630
32 years$22,779$15,925$10,889$7,311$4,837$3,233
33 years$21,848$15,081$10,167$6,723$4,377$2,881
34 years$20,974$14,293$9,500$6,186$3,963$2,567
35 years$20,152$13,557$8,882$5,694$3,590$2,289
36 years$19,376$12,867$8,309$5,244$3,252$2,041
37 years$18,645$12,221$7,777$4,832$2,948$1,821
38 years$17,954$11,614$7,283$4,454$2,672$1,624
39 years$17,299$11,044$6,823$4,106$2,423$1,449
40 years$16,679$10,508$6,395$3,788$2,198$1,294
41 years$16,091$10,002$5,997$3,495$1,994$1,155
42 years$15,532$9,526$5,625$3,225$1,809$1,031
43 years$15,001$9,076$5,278$2,977$1,642$920
44 years$14,495$8,651$4,955$2,749$1,491$822
45 years$14,013$8,250$4,652$2,539$1,353$734
46 years$13,554$7,870$4,370$2,345$1,229$655
47 years$13,115$7,511$4,105$2,166$1,116$585
48 years$12,696$7,170$3,858$2,002$1,013$523
49 years$12,295$6,847$3,626$1,850$920$467
50 years$11,911$6,540$3,409$1,710$836$417

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $12,200,000, adding $2,433 every year, while hoping to spend $24,352 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: 41/30/29 Blend
74$12,200,000$12,200,000$12,200,000$12,200,000
75$13,446,910$12,800,310$12,611,210$13,883,443
76$14,792,584$13,401,614$13,007,775$14,801,415
77$16,274,701$14,031,567$13,416,809$15,791,959
78$17,907,152$14,691,545$13,838,703$16,863,732
79$19,705,245$15,382,994$14,273,863$18,024,227
80$21,685,847$16,107,429$14,722,705$19,281,666
81$23,867,547$16,866,436$15,185,659$20,645,077
82$26,270,828$17,661,682$15,663,169$22,124,370
83$28,918,259$18,494,911$16,155,693$23,730,432
84$31,834,715$19,367,955$16,663,701$25,475,217
85$35,047,603$20,282,732$17,187,683$27,371,859
86$38,587,127$21,241,254$17,728,138$29,434,787
87$42,486,569$22,245,631$18,285,586$31,679,860
88$46,782,606$23,298,074$18,860,561$34,124,504
89$51,515,655$24,400,903$19,453,612$36,787,875
90$56,730,254$25,556,549$20,065,310$39,691,033
91$62,475,481$26,767,562$20,696,240$42,857,130
92$68,805,422$28,036,614$21,347,006$46,311,625
93$75,779,677$29,366,510$22,018,232$50,082,516
94$83,463,922$30,760,187$22,710,561$54,200,595
95$91,930,535$32,220,729$23,424,657$58,699,732
96$101,259,270$33,751,365$24,161,204$63,617,185
97$111,538,019$35,355,486$24,920,908$68,993,941
98$122,863,635$37,036,642$25,704,496$74,875,097
99$135,342,849$38,798,561$26,512,720$81,310,275
100$149,093,277$40,645,148$27,346,354$88,354,078