Can I retire at age 75 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,277,198
2 years$674,532$661,969$649,794$637,990$626,540$588,029
3 years$445,221$432,604$420,460$408,766$397,502$360,222
4 years$330,588$318,010$305,987$294,493$283,502$247,739
5 years$261,826$249,324$237,459$226,199$215,514$181,365
6 years$216,000$203,592$191,902$180,893$170,529$138,025
7 years$183,280$170,976$159,471$148,722$138,686$107,826
8 years$158,751$146,558$135,244$124,759$115,053$85,820
9 years$139,683$127,605$116,486$106,267$96,891$69,255
10 years$124,437$112,478$101,555$91,603$82,556$56,478
11 years$111,972$100,132$89,407$79,722$71,001$46,437
12 years$101,592$89,873$79,347$69,927$61,528$38,430
13 years$92,815$81,219$70,891$61,735$53,654$31,969
14 years$85,299$73,826$63,696$54,802$47,032$26,707
15 years$78,790$67,441$57,509$48,873$41,411$22,388
16 years$73,101$61,876$52,140$43,761$36,599$18,821
17 years$68,087$56,986$47,446$39,319$32,451$15,860
18 years$63,634$52,657$43,312$35,434$28,854$13,390
19 years$59,655$48,802$39,650$32,018$25,718$11,324
20 years$56,078$45,349$36,389$28,998$22,972$9,589
21 years$52,846$42,241$33,470$26,318$20,558$8,130
22 years$49,912$39,431$30,848$23,929$18,427$6,899
23 years$47,237$36,879$28,483$21,793$16,541$5,860
24 years$44,789$34,553$26,342$19,876$14,867$4,980
25 years$42,540$32,426$24,398$18,152$13,378$4,235
26 years$40,467$30,475$22,628$16,597$12,051$3,604
27 years$38,551$28,681$21,012$15,192$10,865$3,067
28 years$36,775$27,026$19,533$13,919$9,804$2,612
29 years$35,124$25,496$18,177$12,764$8,852$2,225
30 years$33,587$24,078$16,932$11,714$7,999$1,895
31 years$32,151$22,762$15,785$10,759$7,232$1,615
32 years$30,808$21,537$14,727$9,887$6,541$1,377
33 years$29,549$20,396$13,751$9,092$5,920$1,174
34 years$28,367$19,331$12,848$8,366$5,360$1,001
35 years$27,254$18,335$12,012$7,701$4,855$853
36 years$26,206$17,403$11,237$7,092$4,399$727
37 years$25,216$16,529$10,518$6,535$3,987$620
38 years$24,281$15,708$9,849$6,023$3,614$529
39 years$23,397$14,937$9,228$5,554$3,277$451
40 years$22,558$14,211$8,649$5,123$2,973$385
41 years$21,763$13,528$8,110$4,726$2,697$328
42 years$21,007$12,883$7,608$4,362$2,447$280
43 years$20,288$12,275$7,139$4,026$2,221$239
44 years$19,604$11,701$6,701$3,718$2,016$204
45 years$18,953$11,158$6,292$3,433$1,830$174
46 years$18,331$10,644$5,910$3,171$1,662$148
47 years$17,738$10,158$5,552$2,930$1,509$127
48 years$17,171$9,697$5,217$2,707$1,370$108
49 years$16,629$9,260$4,904$2,502$1,245$92
50 years$16,110$8,846$4,610$2,313$1,130$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,500,000, adding $2,440 every year, while hoping to spend $37,564 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: 68/25/7 Blend
74$16,500,000$16,500,000$16,500,000$16,500,000
75$18,185,517$17,311,017$17,055,267$19,400,965
76$20,000,472$18,119,289$17,586,650$21,014,999
77$21,999,293$18,965,907$18,134,576$22,774,607
78$24,200,696$19,852,711$18,699,559$24,697,797
79$26,625,302$20,781,629$19,282,130$26,800,567
80$29,295,836$21,754,682$19,882,834$29,100,515
81$32,237,339$22,773,990$20,502,237$31,617,004
82$35,477,405$23,841,773$21,140,920$34,371,335
83$39,046,442$24,960,361$21,799,482$37,386,949
84$42,977,956$26,132,196$22,478,542$40,689,640
85$47,308,871$27,359,837$23,178,737$44,307,795
86$52,079,875$28,645,968$23,900,724$48,272,654
87$57,335,805$29,993,403$24,645,180$52,618,604
88$63,126,069$31,405,092$25,412,805$57,383,494
89$69,505,113$32,884,126$26,204,319$62,608,986
90$76,532,935$34,433,749$27,020,465$68,340,946
91$84,275,651$36,057,360$27,862,008$74,629,865
92$92,806,120$37,758,523$28,729,737$81,531,331
93$102,204,629$39,540,976$29,624,468$89,106,549
94$112,559,653$41,408,635$30,547,040$97,422,906
95$123,968,689$43,365,609$31,498,317$106,554,603
96$136,539,177$45,416,206$32,479,192$116,583,345
97$150,389,514$47,564,941$33,490,586$127,599,105
98$165,650,171$49,816,549$34,533,447$139,700,963
99$182,464,923$52,175,995$35,608,752$152,998,033
100$200,992,211$54,648,485$36,717,511$167,610,481