Can I retire at age 75 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,346,322
2 years$711,325$698,077$685,238$672,789$660,714$619,568
3 years$469,506$456,201$443,394$431,063$419,184$379,360
4 years$348,620$335,356$322,677$310,556$298,966$260,769
5 years$276,108$262,923$250,411$238,537$227,269$190,803
6 years$227,782$214,697$202,369$190,760$179,830$145,128
7 years$193,277$180,302$168,170$156,834$146,250$113,311
8 years$167,410$154,552$142,621$131,564$121,329$90,132
9 years$147,302$134,565$122,840$112,064$102,176$72,690
10 years$131,225$118,613$107,094$96,600$87,059$59,243
11 years$118,079$105,594$94,284$84,071$74,874$48,679
12 years$107,133$94,775$83,675$73,741$64,884$40,259
13 years$97,878$85,649$74,758$65,103$56,580$33,468
14 years$89,951$77,853$67,170$57,791$49,598$27,940
15 years$83,088$71,120$60,646$51,539$43,670$23,405
16 years$77,089$65,251$54,984$46,148$38,596$19,662
17 years$71,800$60,094$50,034$41,463$34,221$16,556
18 years$67,105$55,529$45,674$37,367$30,428$13,968
19 years$62,909$51,464$41,813$33,764$27,121$11,803
20 years$59,137$47,823$38,373$30,580$24,225$9,988
21 years$55,729$44,545$35,296$27,753$21,679$8,461
22 years$52,635$41,581$32,531$25,234$19,432$7,175
23 years$49,814$38,890$30,036$22,981$17,443$6,089
24 years$47,232$36,438$27,779$20,960$15,678$5,171
25 years$44,860$34,195$25,729$19,142$14,108$4,394
26 years$42,674$32,138$23,862$17,502$12,708$3,736
27 years$40,654$30,245$22,158$16,020$11,457$3,177
28 years$38,781$28,500$20,599$14,678$10,338$2,703
29 years$37,040$26,886$19,169$13,460$9,335$2,300
30 years$35,419$25,391$17,855$12,353$8,435$1,958
31 years$33,905$24,003$16,646$11,345$7,626$1,667
32 years$32,489$22,712$15,531$10,427$6,898$1,420
33 years$31,161$21,509$14,501$9,588$6,243$1,210
34 years$29,914$20,385$13,549$8,822$5,652$1,030
35 years$28,741$19,335$12,667$8,121$5,119$878
36 years$27,635$18,352$11,850$7,479$4,639$748
37 years$26,592$17,430$11,091$6,891$4,204$637
38 years$25,606$16,565$10,387$6,352$3,811$543
39 years$24,673$15,751$9,731$5,857$3,456$463
40 years$23,789$14,986$9,121$5,402$3,135$394
41 years$22,950$14,266$8,553$4,984$2,844$336
42 years$22,153$13,586$8,023$4,600$2,581$287
43 years$21,395$12,945$7,528$4,246$2,342$244
44 years$20,674$12,339$7,066$3,920$2,126$208
45 years$19,986$11,766$6,635$3,621$1,930$177
46 years$19,331$11,225$6,232$3,344$1,752$151
47 years$18,705$10,712$5,855$3,090$1,591$129
48 years$18,107$10,226$5,502$2,855$1,445$110
49 years$17,536$9,765$5,171$2,639$1,312$94
50 years$16,988$9,328$4,862$2,439$1,192$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $17,400,000, adding $2,440 every year, while hoping to spend $24,863 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: 23/49/28 Blend
74$17,400,000$17,400,000$17,400,000$17,400,000
75$19,177,317$18,255,117$17,985,417$19,448,472
76$21,106,949$19,123,164$18,561,474$20,552,088
77$23,232,571$20,032,911$19,155,996$21,730,558
78$25,574,146$20,986,377$19,769,575$22,991,751
79$28,153,675$21,985,676$20,402,823$24,342,507
80$30,995,402$23,033,026$21,056,369$25,790,295
81$34,126,042$24,130,753$21,730,866$27,343,269
82$37,575,033$25,281,295$22,426,985$29,010,339
83$41,374,819$26,487,210$23,145,421$30,801,243
84$45,561,146$27,751,180$23,886,889$32,726,628
85$50,173,412$29,076,016$24,652,128$34,798,137
86$55,255,027$30,464,668$25,441,902$37,028,511
87$60,853,830$31,920,227$26,256,996$39,431,693
88$67,022,539$33,445,937$27,098,224$42,022,945
89$73,819,247$35,045,197$27,966,423$44,818,983
90$81,307,973$36,721,574$28,862,461$47,838,116
91$89,559,262$38,478,807$29,787,229$51,100,405
92$98,650,856$40,320,818$30,741,651$54,627,838
93$108,668,423$42,251,718$31,726,676$58,444,518
94$119,706,371$44,275,821$32,743,288$62,576,872
95$131,868,733$46,397,648$33,792,501$67,053,889
96$145,270,154$48,621,943$34,875,359$71,907,366
97$160,036,970$50,953,679$35,992,944$77,172,194
98$176,308,403$53,398,071$37,146,370$82,886,662
99$194,237,874$55,960,590$38,336,787$89,092,803
100$213,994,450$58,646,972$39,565,383$95,836,760