Can I retire at age 75 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$955,612
2 years$506,921$497,480$488,330$479,459$470,854$437,752
3 years$334,590$325,109$315,982$307,194$298,729$266,745
4 years$248,442$238,989$229,954$221,316$213,056$182,435
5 years$196,766$187,371$178,454$169,992$161,962$132,786
6 years$162,327$153,002$144,217$135,944$128,155$100,447
7 years$137,738$128,491$119,845$111,767$104,224$77,980
8 years$119,304$110,140$101,638$93,759$86,464$61,663
9 years$104,974$95,897$87,541$79,861$72,815$49,428
10 years$93,517$84,529$76,320$68,841$62,042$40,032
11 years$84,149$75,251$67,191$59,913$53,358$32,682
12 years$76,348$67,541$59,630$52,551$46,239$26,850
13 years$69,752$61,037$53,276$46,395$40,322$22,170
14 years$64,103$55,481$47,869$41,184$35,346$18,380
15 years$59,212$50,683$43,219$36,729$31,121$15,288
16 years$54,937$46,501$39,184$32,887$27,505$12,751
17 years$51,168$42,826$35,656$29,549$24,388$10,658
18 years$47,822$39,573$32,549$26,629$21,684$8,925
19 years$44,832$36,676$29,797$24,062$19,328$7,486
20 years$42,144$34,081$27,347$21,793$17,264$6,286
21 years$39,715$31,745$25,154$19,778$15,449$5,284
22 years$37,510$29,633$23,183$17,983$13,848$4,446
23 years$35,499$27,715$21,405$16,377$12,431$3,744
24 years$33,659$25,967$19,796$14,937$11,173$3,154
25 years$31,969$24,369$18,335$13,641$10,054$2,659
26 years$30,411$22,903$17,005$12,473$9,056$2,242
27 years$28,972$21,554$15,791$11,417$8,165$1,892
28 years$27,637$20,310$14,680$10,460$7,368$1,596
29 years$26,397$19,160$13,661$9,592$6,653$1,347
30 years$25,241$18,095$12,724$8,803$6,011$1,138
31 years$24,162$17,106$11,863$8,085$5,435$961
32 years$23,153$16,186$11,068$7,431$4,916$811
33 years$22,207$15,328$10,334$6,833$4,449$685
34 years$21,318$14,527$9,656$6,287$4,028$579
35 years$20,482$13,779$9,027$5,787$3,648$489
36 years$19,694$13,078$8,445$5,330$3,306$413
37 years$18,951$12,421$7,904$4,911$2,996$349
38 years$18,248$11,805$7,402$4,527$2,716$295
39 years$17,583$11,225$6,935$4,174$2,463$249
40 years$16,953$10,680$6,500$3,850$2,234$211
41 years$16,355$10,166$6,095$3,552$2,027$178
42 years$15,787$9,682$5,717$3,278$1,839$151
43 years$15,247$9,225$5,365$3,026$1,669$127
44 years$14,733$8,793$5,036$2,794$1,515$108
45 years$14,243$8,385$4,729$2,580$1,375$91
46 years$13,776$7,999$4,441$2,383$1,249$77
47 years$13,330$7,634$4,172$2,202$1,134$65
48 years$12,904$7,287$3,921$2,035$1,030$55
49 years$12,497$6,959$3,685$1,880$935$46
50 years$12,107$6,648$3,465$1,738$850$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $12,400,000, adding $2,099 every year, while hoping to spend $29,319 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: 37/45/18 Blend
74$12,400,000$12,400,000$12,400,000$12,400,000
75$13,666,965$13,009,765$12,817,565$14,098,137
76$15,029,800$13,616,048$13,215,758$15,016,287
77$16,530,662$14,251,057$13,626,308$16,004,444
78$18,183,598$14,916,167$14,049,598$17,071,189
79$20,004,088$15,612,823$14,486,023$18,223,588
80$22,009,190$16,342,535$14,935,989$19,469,387
81$24,217,699$17,106,892$15,399,917$20,817,077
82$26,650,329$17,907,554$15,878,239$22,275,968
83$29,329,904$18,746,265$16,371,401$23,856,272
84$32,281,574$19,624,852$16,879,863$25,569,193
85$35,533,056$20,545,231$17,404,099$27,427,023
86$39,114,889$21,509,409$17,944,598$29,443,255
87$43,060,730$22,519,492$18,501,864$31,632,698
88$47,407,664$23,577,686$19,076,416$34,011,612
89$52,196,559$24,686,307$19,668,790$36,597,854
90$57,472,451$25,847,779$20,279,538$39,411,034
91$63,284,968$27,064,647$20,909,228$42,472,693
92$69,688,796$28,339,576$21,558,449$45,806,498
93$76,744,201$29,675,363$22,227,805$49,438,453
94$84,517,592$31,074,939$22,917,919$53,397,137
95$93,082,152$32,541,376$23,629,435$57,713,958
96$102,518,526$34,077,898$24,363,015$62,423,445
97$112,915,582$35,687,881$25,119,343$67,563,554
98$124,371,254$37,374,870$25,899,123$73,176,018
99$136,993,460$39,142,576$26,703,082$79,306,731
100$150,901,125$40,994,895$27,531,968$86,006,159