Can I retire at age 75 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,230,594
2 years$654,092$641,910$630,104$618,657$607,554$562,429
3 years$431,730$419,495$407,719$396,379$385,457$341,894
4 years$320,570$308,373$296,715$285,569$274,911$233,243
5 years$253,892$241,768$230,263$219,344$208,983$169,319
6 years$209,455$197,422$186,087$175,411$165,361$127,731
7 years$177,726$165,795$154,639$144,215$134,483$98,878
8 years$153,940$142,117$131,146$120,979$111,567$77,958
9 years$135,450$123,738$112,956$103,047$93,955$62,299
10 years$120,667$109,069$98,478$88,828$80,054$50,297
11 years$108,579$97,098$86,698$77,307$68,850$40,930
12 years$98,513$87,150$76,942$67,808$59,664$33,514
13 years$90,002$78,758$68,743$59,865$52,028$27,578
14 years$82,714$71,589$61,766$53,141$45,607$22,784
15 years$76,403$65,398$55,766$47,392$40,156$18,884
16 years$70,886$60,001$50,560$42,435$35,490$15,693
17 years$66,023$55,259$46,008$38,127$31,468$13,070
18 years$61,706$51,062$41,999$34,360$27,980$10,904
19 years$57,847$47,323$38,448$31,048$24,939$9,110
20 years$54,379$43,975$35,286$28,120$22,276$7,621
21 years$51,245$40,961$32,456$25,520$19,935$6,382
22 years$48,400$38,236$29,913$23,204$17,869$5,349
23 years$45,806$35,761$27,620$21,132$16,040$4,486
24 years$43,431$33,506$25,544$19,274$14,417$3,764
25 years$41,250$31,444$23,659$17,602$12,973$3,160
26 years$39,241$29,552$21,942$16,094$11,686$2,655
27 years$37,383$27,812$20,375$14,731$10,536$2,230
28 years$35,661$26,207$18,941$13,497$9,506$1,875
29 years$34,060$24,723$17,627$12,377$8,584$1,576
30 years$32,569$23,348$16,418$11,359$7,756$1,325
31 years$31,177$22,072$15,306$10,433$7,012$1,114
32 years$29,875$20,885$14,281$9,588$6,343$937
33 years$28,654$19,778$13,334$8,817$5,741$789
34 years$27,507$18,745$12,459$8,112$5,197$663
35 years$26,428$17,779$11,648$7,468$4,708$558
36 years$25,412$16,875$10,897$6,878$4,265$470
37 years$24,452$16,028$10,199$6,337$3,866$395
38 years$23,546$15,232$9,551$5,841$3,505$333
39 years$22,688$14,484$8,948$5,385$3,178$280
40 years$21,875$13,780$8,387$4,967$2,883$236
41 years$21,103$13,118$7,864$4,583$2,615$198
42 years$20,370$12,493$7,377$4,230$2,373$167
43 years$19,674$11,903$6,922$3,904$2,154$140
44 years$19,010$11,346$6,498$3,605$1,955$118
45 years$18,378$10,820$6,101$3,329$1,775$99
46 years$17,776$10,322$5,731$3,075$1,611$84
47 years$17,200$9,850$5,384$2,841$1,463$70
48 years$16,650$9,403$5,059$2,625$1,329$59
49 years$16,125$8,979$4,755$2,426$1,207$50
50 years$15,622$8,577$4,471$2,243$1,096$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,000,000, adding $5,828 every year, while hoping to spend $25,200 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: 71/8/21 Blend
74$16,000,000$16,000,000$16,000,000$16,000,000
75$17,638,012$16,790,012$16,542,012$18,799,045
76$19,410,276$17,585,910$17,069,356$20,369,681
77$21,362,467$18,419,962$17,613,523$22,085,282
78$23,512,910$19,294,012$18,175,047$23,963,125
79$25,881,800$20,209,991$18,754,484$26,019,294
80$28,491,390$21,169,927$19,352,405$28,271,494
81$31,366,201$22,175,943$19,969,401$30,739,218
82$34,533,258$23,230,268$20,606,079$33,443,929
83$38,022,336$24,335,237$21,263,069$36,409,257
84$41,866,251$25,493,301$21,941,019$39,661,224
85$46,101,163$26,707,027$22,640,598$43,228,483
86$50,766,920$27,979,109$23,362,495$47,142,588
87$55,907,432$29,312,371$24,107,425$51,438,286
88$61,571,088$30,709,776$24,876,122$56,153,848
89$67,811,212$32,174,428$25,669,345$61,331,418
90$74,686,564$33,709,583$26,487,877$67,017,417
91$82,261,899$35,318,658$27,332,526$73,262,971
92$90,608,572$37,005,232$28,204,125$80,124,392
93$99,805,219$38,773,061$29,103,536$87,663,709
94$109,938,494$40,626,083$30,031,647$95,949,242
95$121,103,886$42,568,427$30,989,373$105,056,253
96$133,406,626$44,604,423$31,977,660$115,067,643
97$146,962,674$46,738,613$32,997,484$126,074,737
98$161,899,820$48,975,758$34,049,853$138,178,135
99$178,358,883$51,320,852$35,135,805$151,488,665
100$196,495,047$53,779,132$36,256,413$166,128,416