Can I retire at age 75 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,442,277
2 years$764,470$750,232$736,434$723,055$710,078$661,291
3 years$504,584$490,285$476,521$463,268$450,503$403,348
4 years$374,667$360,411$346,785$333,759$321,302$276,141
5 years$296,736$282,567$269,120$256,359$244,249$201,201
6 years$244,800$230,737$217,489$205,012$193,266$152,367
7 years$207,717$193,773$180,734$168,552$157,177$118,422
8 years$179,918$166,099$153,277$141,394$130,393$93,755
9 years$158,307$144,619$132,017$120,436$109,810$75,244
10 years$141,029$127,475$115,096$103,817$93,564$61,017
11 years$126,902$113,483$101,328$90,352$80,468$49,879
12 years$115,137$101,856$89,926$79,251$69,732$41,033
13 years$105,190$92,048$80,343$69,967$60,807$33,927
14 years$96,672$83,669$72,189$62,109$53,303$28,166
15 years$89,296$76,434$65,177$55,390$46,933$23,461
16 years$82,848$70,126$59,092$49,596$41,479$19,596
17 years$77,165$64,584$53,772$44,561$36,778$16,404
18 years$72,119$59,678$49,087$40,159$32,702$13,757
19 years$67,609$55,309$44,936$36,287$29,148$11,556
20 years$63,555$51,396$41,240$32,865$26,035$9,719
21 years$59,893$47,873$37,933$29,827$23,299$8,182
22 years$56,567$44,688$34,961$27,119$20,884$6,895
23 years$53,535$41,796$32,281$24,698$18,747$5,815
24 years$50,760$39,160$29,854$22,526$16,850$4,907
25 years$48,211$36,750$27,651$20,572$15,162$4,143
26 years$45,862$34,539$25,645$18,810$13,658$3,500
27 years$43,691$32,505$23,813$17,217$12,314$2,957
28 years$41,678$30,629$22,138$15,775$11,111$2,500
29 years$39,808$28,895$20,601$14,466$10,033$2,113
30 years$38,065$27,288$19,189$13,276$9,065$1,787
31 years$36,438$25,797$17,889$12,193$8,196$1,512
32 years$34,916$24,409$16,691$11,206$7,414$1,279
33 years$33,489$23,116$15,585$10,305$6,709$1,082
34 years$32,149$21,908$14,561$9,481$6,075$916
35 years$30,888$20,780$13,614$8,728$5,502$775
36 years$29,700$19,723$12,735$8,038$4,985$656
37 years$28,579$18,732$11,920$7,406$4,518$555
38 years$27,519$17,802$11,163$6,826$4,096$470
39 years$26,516$16,928$10,458$6,294$3,714$398
40 years$25,566$16,106$9,802$5,806$3,369$337
41 years$24,664$15,331$9,192$5,356$3,057$285
42 years$23,808$14,601$8,622$4,943$2,774$241
43 years$22,993$13,912$8,091$4,563$2,517$204
44 years$22,218$13,261$7,594$4,213$2,285$173
45 years$21,480$12,645$7,131$3,891$2,074$146
46 years$20,775$12,063$6,698$3,594$1,883$124
47 years$20,103$11,512$6,292$3,321$1,710$105
48 years$19,460$10,990$5,913$3,068$1,553$89
49 years$18,846$10,495$5,558$2,836$1,410$75
50 years$18,258$10,025$5,225$2,621$1,281$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $18,700,000, adding $5,018 every year, while hoping to spend $36,798 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: 84/5/11 Blend
74$18,700,000$18,700,000$18,700,000$18,700,000
75$20,612,576$19,621,476$19,331,626$22,307,037
76$22,675,906$20,543,776$19,940,083$24,338,637
77$24,948,462$21,510,035$20,567,689$26,564,440
78$27,451,547$22,522,368$21,215,049$29,008,304
79$30,208,635$23,582,993$21,882,782$31,692,146
80$33,245,591$24,694,236$22,571,532$34,640,106
81$36,590,921$25,858,533$23,281,958$37,878,771
82$40,276,035$27,078,441$24,014,743$41,437,430
83$44,335,544$28,356,639$24,770,591$45,348,343
84$48,807,591$29,695,936$25,550,227$49,647,048
85$53,734,207$31,099,277$26,354,401$54,372,690
86$59,161,706$32,569,753$27,183,884$59,568,394
87$65,141,129$34,110,599$28,039,473$65,281,665
88$71,728,719$35,725,213$28,921,989$71,564,840
89$78,986,453$37,417,153$29,832,280$78,475,572
90$86,982,630$39,190,152$30,771,221$86,077,380
91$95,792,513$41,048,125$31,739,712$94,440,241
92$105,499,041$42,995,174$32,738,683$103,641,251
93$116,193,608$45,035,603$33,769,095$113,765,347
94$127,976,932$47,173,924$34,831,935$124,906,110
95$140,960,000$49,414,867$35,928,226$137,166,643
96$155,265,117$51,763,392$37,059,018$150,660,543
97$171,027,063$54,224,703$38,225,400$165,512,967
98$188,394,362$56,804,252$39,428,489$181,861,816
99$207,530,686$59,507,758$40,669,442$199,859,029
100$228,616,397$62,341,220$41,949,450$219,672,014