Can I retire at age 75 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,348,276
2 years$703,148$690,053$677,361$665,056$653,120$629,741
3 years$464,109$450,957$438,298$426,108$414,366$391,613
4 years$344,613$331,501$318,968$306,987$295,529$273,577
5 years$272,934$259,901$247,533$235,795$224,657$203,568
6 years$225,164$212,229$200,043$188,567$177,763$157,562
7 years$191,055$178,229$166,237$155,032$144,569$125,262
8 years$165,486$152,776$140,982$130,052$119,934$101,517
9 years$145,609$133,019$121,428$110,776$101,002$83,464
10 years$129,717$117,249$105,863$95,490$86,059$69,385
11 years$116,722$104,380$93,200$83,105$74,013$58,187
12 years$105,901$93,686$82,713$72,894$64,138$49,138
13 years$96,753$84,665$73,899$64,354$55,930$41,732
14 years$88,917$76,958$66,398$57,127$49,028$35,609
15 years$82,133$70,302$59,949$50,947$43,168$30,503
16 years$76,202$64,501$54,352$45,617$38,152$26,214
17 years$70,975$59,403$49,458$40,987$33,828$22,589
18 years$66,334$54,891$45,149$36,937$30,078$19,511
19 years$62,186$50,873$41,332$33,376$26,810$16,886
20 years$58,457$47,273$37,932$30,229$23,947$14,639
21 years$55,088$44,033$34,890$27,434$21,430$12,709
22 years$52,030$41,103$32,157$24,944$19,209$11,047
23 years$49,241$38,443$29,691$22,717$17,243$9,613
24 years$46,689$36,019$27,459$20,719$15,498$8,373
25 years$44,344$33,802$25,433$18,922$13,946$7,298
26 years$42,184$31,768$23,588$17,301$12,562$6,366
27 years$40,186$29,898$21,903$15,836$11,326$5,556
28 years$38,335$28,172$20,362$14,509$10,219$4,852
29 years$36,615$26,577$18,949$13,305$9,228$4,239
30 years$35,012$25,100$17,650$12,211$8,338$3,705
31 years$33,515$23,727$16,454$11,215$7,538$3,240
32 years$32,115$22,451$15,352$10,307$6,819$2,833
33 years$30,803$21,261$14,334$9,478$6,171$2,479
34 years$29,570$20,151$13,393$8,721$5,587$2,169
35 years$28,410$19,113$12,522$8,028$5,061$1,898
36 years$27,318$18,141$11,714$7,393$4,585$1,661
37 years$26,286$17,230$10,964$6,812$4,156$1,455
38 years$25,312$16,374$10,267$6,279$3,768$1,274
39 years$24,389$15,570$9,619$5,789$3,417$1,115
40 years$23,515$14,814$9,016$5,340$3,099$977
41 years$22,686$14,102$8,454$4,927$2,811$856
42 years$21,898$13,430$7,930$4,547$2,551$749
43 years$21,149$12,796$7,442$4,197$2,315$656
44 years$20,436$12,197$6,985$3,875$2,102$575
45 years$19,757$11,631$6,559$3,579$1,908$504
46 years$19,109$11,096$6,160$3,306$1,732$441
47 years$18,490$10,589$5,788$3,054$1,573$387
48 years$17,899$10,108$5,439$2,822$1,428$339
49 years$17,334$9,653$5,112$2,608$1,297$297
50 years$16,793$9,221$4,806$2,411$1,178$260

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $17,200,000, adding $6,973 every year, while hoping to spend $57,698 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: 38/44/18 Blend
74$17,200,000$17,200,000$17,200,000$17,200,000
75$18,961,593$18,049,993$17,783,393$19,579,278
76$20,834,285$18,873,052$18,317,746$20,847,335
77$22,896,058$19,734,508$18,868,067$22,210,841
78$25,166,137$20,636,180$19,434,828$23,683,202
79$27,665,707$21,579,976$20,018,519$25,274,261
80$30,418,110$22,567,897$20,619,640$26,994,809
81$33,449,070$23,602,036$21,238,710$28,856,682
82$36,786,929$24,684,589$21,876,261$30,872,861
83$40,462,920$25,817,859$22,532,841$33,057,589
84$44,511,460$27,004,256$23,209,013$35,426,496
85$48,970,473$28,246,308$23,905,359$37,996,740
86$53,881,748$29,546,665$24,622,475$40,787,153
87$59,291,337$30,908,102$25,360,979$43,818,416
88$65,249,984$32,333,529$26,121,502$47,113,239
89$71,813,607$33,825,996$26,904,697$50,696,569
90$79,043,825$35,388,701$27,711,234$54,595,810
91$87,008,540$37,024,992$28,541,806$58,841,070
92$95,782,578$38,738,383$29,397,123$63,465,437
93$105,448,390$40,532,553$30,277,916$68,505,275
94$116,096,839$42,411,362$31,184,939$74,000,553
95$127,828,051$44,378,853$32,118,969$79,995,212
96$140,752,360$46,439,264$33,080,802$86,537,561
97$154,991,353$48,597,040$34,071,261$93,680,718
98$170,679,014$50,856,838$35,091,191$101,483,099
99$187,962,991$53,223,541$36,141,464$110,008,948
100$207,005,986$55,702,265$37,222,973$119,328,928