Can I retire at age 75 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,166,278
2 years$600,947$589,755$578,908$568,391$558,190$552,215
3 years$396,652$385,411$374,592$364,174$354,139$348,294
4 years$294,524$283,318$272,607$262,367$252,575$246,906
5 years$233,263$222,125$211,554$201,523$192,003$186,526
6 years$192,436$181,382$170,967$161,159$151,926$146,648
7 years$163,286$152,324$142,074$132,498$123,556$118,480
8 years$141,433$130,570$120,490$111,149$102,502$97,628
9 years$124,445$113,684$103,778$94,674$86,321$81,649
10 years$110,862$100,207$90,476$81,610$73,550$69,076
11 years$99,757$89,209$79,654$71,025$63,256$58,978
12 years$90,509$80,069$70,691$62,299$54,816$50,730
13 years$82,690$72,359$63,158$55,001$47,801$43,904
14 years$75,993$65,772$56,747$48,823$41,902$38,189
15 years$70,195$60,084$51,235$43,542$36,894$33,360
16 years$65,127$55,126$46,452$38,987$32,607$29,248
17 years$60,659$50,769$42,270$35,029$28,911$25,722
18 years$56,692$46,913$38,587$31,569$25,707$22,681
19 years$53,147$43,478$35,324$28,525$22,913$20,046
20 years$49,961$40,402$32,419$25,835$20,466$17,753
21 years$47,081$37,633$29,819$23,447$18,315$15,749
22 years$44,467$35,129$27,483$21,318$16,417$13,993
23 years$42,084$32,856$25,376$19,415$14,737$12,449
24 years$39,903$30,784$23,468$17,708$13,246$11,089
25 years$37,899$28,889$21,736$16,172$11,919$9,888
26 years$36,052$27,151$20,159$14,787$10,736$8,824
27 years$34,345$25,552$18,720$13,535$9,680$7,882
28 years$32,763$24,078$17,402$12,401$8,734$7,045
29 years$31,293$22,714$16,194$11,372$7,887$6,301
30 years$29,923$21,451$15,084$10,436$7,126$5,639
31 years$28,644$20,279$14,063$9,585$6,443$5,049
32 years$27,447$19,188$13,121$8,809$5,828$4,523
33 years$26,326$18,171$12,251$8,100$5,274$4,054
34 years$25,272$17,222$11,447$7,453$4,775$3,634
35 years$24,281$16,335$10,702$6,861$4,325$3,259
36 years$23,347$15,504$10,011$6,319$3,919$2,923
37 years$22,466$14,725$9,370$5,822$3,552$2,623
38 years$21,633$13,994$8,775$5,366$3,220$2,354
39 years$20,844$13,307$8,221$4,948$2,920$2,113
40 years$20,097$12,661$7,706$4,564$2,648$1,897
41 years$19,388$12,052$7,225$4,211$2,403$1,704
42 years$18,715$11,478$6,778$3,886$2,180$1,530
43 years$18,075$10,936$6,360$3,587$1,979$1,374
44 years$17,466$10,424$5,970$3,312$1,796$1,235
45 years$16,885$9,941$5,606$3,059$1,631$1,109
46 years$16,331$9,483$5,265$2,825$1,480$997
47 years$15,803$9,050$4,946$2,610$1,344$895
48 years$15,298$8,639$4,648$2,412$1,221$805
49 years$14,815$8,250$4,369$2,229$1,109$723
50 years$14,352$7,881$4,107$2,060$1,007$650

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $14,700,000, adding $6,677 every year, while hoping to spend $40,700 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: 47/26/27 Blend
74$14,700,000$14,700,000$14,700,000$14,700,000
75$16,206,287$15,427,187$15,199,337$16,842,314
76$17,816,024$16,139,815$15,665,211$18,003,923
77$19,588,590$16,885,997$16,145,327$19,259,588
78$21,540,551$17,667,336$16,640,119$20,621,857
79$23,690,160$18,485,508$17,150,036$22,100,765
80$26,057,532$19,342,274$17,675,539$23,707,339
81$28,664,832$20,239,477$18,217,101$25,453,695
82$31,536,483$21,179,050$18,775,212$27,353,146
83$34,699,400$22,163,019$19,350,378$29,420,327
84$38,183,240$23,193,508$19,943,116$31,671,321
85$42,020,683$24,272,742$20,553,963$34,123,812
86$46,247,742$25,403,056$21,183,470$36,797,244
87$50,904,101$26,586,895$21,832,205$39,712,994
88$56,033,489$27,826,823$22,500,755$42,894,577
89$61,684,097$29,125,529$23,189,721$46,367,852
90$67,909,025$30,485,830$23,899,727$50,161,266
91$74,766,789$31,910,679$24,631,412$54,306,110
92$82,321,874$33,403,175$25,385,436$58,836,812
93$90,645,336$34,966,562$26,162,480$63,791,250
94$99,815,481$36,604,244$26,963,243$69,211,107
95$109,918,596$38,319,788$27,788,448$75,142,247
96$121,049,771$40,116,935$28,638,839$81,635,150
97$133,313,788$41,999,606$29,515,181$88,745,371
98$146,826,119$43,971,911$30,418,264$96,534,057
99$161,714,009$46,038,161$31,348,902$105,068,518
100$178,117,680$48,202,873$32,307,932$114,422,846