Can I retire at age 75 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,327,323
2 years$686,796$674,005$661,609$649,590$637,931$625,506
3 years$453,316$440,470$428,105$416,198$404,730$392,596
4 years$336,599$323,792$311,551$299,847$288,657$276,909
5 years$266,587$253,857$241,776$230,312$219,432$208,105
6 years$219,927$207,293$195,391$184,182$173,629$162,736
7 years$186,612$174,085$162,371$151,426$141,207$130,753
8 years$161,637$149,223$137,703$127,028$117,145$107,130
9 years$142,223$129,925$118,604$108,199$98,653$89,074
10 years$126,700$114,523$103,402$93,269$84,057$74,908
11 years$114,008$101,953$91,033$81,172$72,292$63,566
12 years$103,439$91,507$80,790$71,199$62,647$54,335
13 years$94,503$82,696$72,180$62,858$54,629$46,722
14 years$86,849$75,168$64,854$55,798$47,888$40,375
15 years$80,223$68,668$58,555$49,762$42,164$35,035
16 years$74,430$63,001$53,088$44,557$37,265$30,508
17 years$69,325$58,022$48,308$40,034$33,041$26,645
18 years$64,791$53,615$44,099$36,078$29,379$23,330
19 years$60,740$49,690$40,371$32,600$26,186$20,473
20 years$57,098$46,174$37,050$29,526$23,390$17,999
21 years$53,807$43,009$34,079$26,796$20,931$15,850
22 years$50,820$40,148$31,409$24,364$18,762$13,978
23 years$48,096$37,549$29,001$22,189$16,842$12,342
24 years$45,603$35,181$26,821$20,237$15,138$10,910
25 years$43,313$33,016$24,841$18,482$13,622$9,653
26 years$41,203$31,029$23,039$16,899$12,270$8,548
27 years$39,252$29,202$21,394$15,468$11,062$7,575
28 years$37,444$27,517$19,888$14,172$9,982$6,717
29 years$35,763$25,959$18,508$12,996$9,013$5,960
30 years$34,198$24,516$17,239$11,927$8,144$5,291
31 years$32,736$23,176$16,072$10,954$7,363$4,699
32 years$31,368$21,929$14,995$10,067$6,660$4,175
33 years$30,086$20,767$14,001$9,258$6,028$3,710
34 years$28,882$19,682$13,082$8,518$5,457$3,299
35 years$27,750$18,668$12,231$7,841$4,943$2,933
36 years$26,682$17,719$11,441$7,221$4,479$2,609
37 years$25,675$16,829$10,709$6,654$4,059$2,322
38 years$24,723$15,994$10,028$6,133$3,680$2,066
39 years$23,822$15,208$9,396$5,655$3,337$1,839
40 years$22,968$14,469$8,807$5,216$3,027$1,637
41 years$22,158$13,774$8,258$4,812$2,746$1,457
42 years$21,389$13,117$7,746$4,441$2,492$1,297
43 years$20,657$12,498$7,269$4,100$2,261$1,155
44 years$19,961$11,913$6,823$3,785$2,053$1,029
45 years$19,297$11,361$6,406$3,496$1,863$916
46 years$18,664$10,838$6,017$3,229$1,692$816
47 years$18,060$10,342$5,653$2,983$1,536$727
48 years$17,483$9,873$5,312$2,757$1,395$648
49 years$16,931$9,428$4,993$2,548$1,267$577
50 years$16,403$9,006$4,694$2,355$1,151$514

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $16,800,000, adding $2,773 every year, while hoping to spend $42,185 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: 48/30/22 Blend
74$16,800,000$16,800,000$16,800,000$16,800,000
75$18,516,460$17,626,060$17,365,660$19,289,615
76$20,360,255$18,444,853$17,902,525$20,648,041
77$22,390,702$19,302,352$18,455,962$22,117,857
78$24,626,797$20,200,411$19,026,480$23,713,103
79$27,089,469$21,140,970$19,614,606$25,445,581
80$29,801,783$22,126,064$20,220,882$27,328,255
81$32,789,151$23,157,828$20,845,868$29,375,366
82$36,079,580$24,238,497$21,490,140$31,602,563
83$39,703,929$25,370,416$22,154,292$34,027,043
84$43,696,206$26,556,042$22,838,937$36,667,707
85$48,093,883$27,797,952$23,544,705$39,545,330
86$52,938,254$29,098,847$24,272,248$42,682,754
87$58,274,822$30,461,557$25,022,235$46,105,092
88$64,153,732$31,889,051$25,795,358$49,839,959
89$70,630,240$33,384,441$26,592,329$53,917,724
90$77,765,235$34,950,990$27,413,883$58,371,791
91$85,625,817$36,592,116$28,260,776$63,238,901
92$94,285,927$38,311,407$29,133,789$68,559,470
93$103,827,046$40,112,620$30,033,725$74,377,966
94$114,338,964$41,999,698$30,961,414$80,743,312
95$125,920,627$43,976,771$31,917,709$87,709,341
96$138,681,070$46,048,172$32,903,492$95,335,294
97$152,740,450$48,218,443$33,919,670$103,686,363
98$168,231,174$50,492,346$34,967,177$112,834,298
99$185,299,155$52,874,872$36,046,979$122,858,071
100$204,105,185$55,371,257$37,160,069$133,844,609