Can I retire at age 75 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,298,973
2 years$670,444$657,958$645,856$634,123$622,742$613,881
3 years$442,523$429,982$417,912$406,289$395,093$386,432
4 years$328,585$316,083$304,133$292,708$281,784$273,388
5 years$260,239$247,813$236,019$224,828$214,208$206,103
6 years$214,691$202,358$190,739$179,797$169,495$161,692
7 years$182,169$169,940$158,505$147,821$137,845$130,346
8 years$157,789$145,670$134,425$124,003$114,356$107,162
9 years$138,836$126,832$115,780$105,623$96,304$89,414
10 years$123,683$111,796$100,940$91,048$82,056$75,465
11 years$111,293$99,525$88,866$79,239$70,571$64,275
12 years$100,976$89,329$78,866$69,503$61,155$55,149
13 years$92,252$80,727$70,462$61,361$53,328$47,606
14 years$84,782$73,379$63,310$54,470$46,747$41,301
15 years$78,313$67,033$57,160$48,577$41,160$35,983
16 years$72,658$61,501$51,824$43,496$36,377$31,462
17 years$67,674$56,640$47,158$39,081$32,255$27,593
18 years$63,249$52,338$43,049$35,219$28,679$24,263
19 years$59,294$48,506$39,409$31,824$25,563$21,383
20 years$55,738$45,075$36,168$28,823$22,833$18,882
21 years$52,526$41,985$33,268$26,158$20,433$16,702
22 years$49,610$39,192$30,661$23,784$18,315$14,795
23 years$46,951$36,655$28,310$21,660$16,441$13,123
24 years$44,517$34,343$26,182$19,756$14,777$11,654
25 years$42,282$32,230$24,250$18,042$13,297$10,359
26 years$40,222$30,291$22,491$16,497$11,978$9,217
27 years$38,317$28,507$20,885$15,100$10,799$8,206
28 years$36,552$26,862$19,415$13,835$9,744$7,312
29 years$34,912$25,341$18,067$12,687$8,799$6,519
30 years$33,383$23,932$16,829$11,643$7,950$5,815
31 years$31,956$22,624$15,689$10,693$7,188$5,190
32 years$30,621$21,407$14,638$9,827$6,502$4,634
33 years$29,370$20,273$13,668$9,037$5,884$4,139
34 years$28,195$19,214$12,770$8,315$5,327$3,698
35 years$27,089$18,224$11,939$7,654$4,825$3,305
36 years$26,047$17,297$11,169$7,049$4,372$2,955
37 years$25,064$16,428$10,454$6,495$3,962$2,643
38 years$24,134$15,613$9,790$5,987$3,592$2,364
39 years$23,255$14,846$9,172$5,520$3,258$2,114
40 years$22,421$14,125$8,597$5,091$2,955$1,892
41 years$21,631$13,446$8,061$4,698$2,681$1,693
42 years$20,880$12,805$7,562$4,335$2,432$1,515
43 years$20,165$12,201$7,096$4,002$2,208$1,356
44 years$19,486$11,630$6,660$3,695$2,004$1,214
45 years$18,838$11,090$6,254$3,413$1,819$1,087
46 years$18,220$10,580$5,874$3,152$1,652$973
47 years$17,630$10,096$5,518$2,912$1,500$872
48 years$17,067$9,638$5,186$2,691$1,362$781
49 years$16,528$9,204$4,874$2,487$1,237$699
50 years$16,012$8,792$4,582$2,299$1,124$626

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,400,000, adding $2,768 every year, while hoping to spend $21,331 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: 46/36/18 Blend
74$16,400,000$16,400,000$16,400,000$16,400,000
75$18,075,655$17,206,455$16,952,255$18,814,183
76$19,896,676$18,026,875$17,497,460$20,150,347
77$21,902,726$18,886,781$18,060,214$21,596,728
78$24,112,656$19,788,085$18,641,082$23,165,465
79$26,547,237$20,732,792$19,240,650$24,867,954
80$29,229,362$21,723,006$19,859,518$26,716,704
81$32,184,254$22,760,930$20,498,309$28,725,451
82$35,439,710$23,848,877$21,157,664$30,909,278
83$39,026,361$24,989,273$21,838,247$33,284,752
84$42,977,963$26,184,661$22,540,741$35,870,071
85$47,331,711$27,437,705$23,265,852$38,685,231
86$52,128,597$28,751,204$24,014,309$41,752,200
87$57,413,791$30,128,090$24,786,865$45,095,125
88$63,237,068$31,571,437$25,584,296$48,740,543
89$69,653,283$33,084,471$26,407,403$52,717,629
90$76,722,881$34,670,574$27,257,015$57,058,454
91$84,512,475$36,333,292$28,133,985$61,798,285
92$93,095,469$38,076,345$29,039,195$66,975,899
93$102,552,754$39,903,633$29,973,555$72,633,945
94$112,973,471$41,819,247$30,938,006$78,819,330
95$124,455,852$43,827,477$31,933,515$85,583,649
96$137,108,147$45,932,821$32,961,086$92,983,662
97$151,049,646$48,139,998$34,021,751$101,081,815
98$166,411,808$50,453,955$35,116,577$109,946,811
99$183,339,495$52,879,881$36,246,665$119,654,252
100$201,992,347$55,423,219$37,413,152$130,287,326