Can I retire at age 75 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,485,957
2 years$768,558$754,244$740,372$726,922$713,875$700,593
3 years$507,282$492,907$479,070$465,746$452,912$439,939
4 years$376,670$362,339$348,640$335,544$323,021$310,458
5 years$298,323$284,078$270,559$257,730$245,555$233,440
6 years$246,109$231,971$218,652$206,108$194,299$182,646
7 years$208,828$194,809$181,701$169,453$158,017$146,832
8 years$180,880$166,987$154,097$142,150$131,091$120,372
9 years$159,154$145,392$132,723$121,080$110,397$100,143
10 years$141,783$128,156$115,711$104,372$94,064$84,268
11 years$127,580$114,090$101,870$90,835$80,898$71,552
12 years$115,753$102,401$90,407$79,675$70,105$61,200
13 years$105,753$92,541$80,773$70,341$61,133$52,659
14 years$97,189$84,117$72,575$62,441$53,589$45,536
15 years$89,773$76,842$65,525$55,686$47,184$39,540
16 years$83,291$70,501$59,408$49,861$41,701$34,454
17 years$77,577$64,929$54,059$44,800$36,975$30,112
18 years$72,504$59,997$49,349$40,373$32,876$26,385
19 years$67,971$55,605$45,177$36,481$29,303$23,170
20 years$63,895$51,671$41,461$33,040$26,174$20,386
21 years$60,213$48,129$38,136$29,986$23,423$17,965
22 years$56,870$44,927$35,148$27,264$20,996$15,855
23 years$53,822$42,019$32,453$24,830$18,847$14,010
24 years$51,032$39,369$30,014$22,647$16,940$12,394
25 years$48,469$36,946$27,799$20,682$15,243$10,974
26 years$46,108$34,723$25,782$18,911$13,731$9,726
27 years$43,925$32,679$23,941$17,309$12,379$8,626
28 years$41,901$30,793$22,256$15,859$11,170$7,655
29 years$40,021$29,050$20,711$14,543$10,086$6,797
30 years$38,269$27,434$19,292$13,347$9,114$6,039
31 years$36,633$25,935$17,985$12,258$8,240$5,368
32 years$35,103$24,539$16,780$11,266$7,453$4,773
33 years$33,668$23,239$15,668$10,360$6,745$4,246
34 years$32,321$22,026$14,639$9,532$6,107$3,778
35 years$31,053$20,891$13,687$8,775$5,531$3,362
36 years$29,859$19,828$12,804$8,081$5,012$2,993
37 years$28,732$18,833$11,984$7,446$4,542$2,665
38 years$27,666$17,898$11,222$6,863$4,118$2,374
39 years$26,658$17,019$10,514$6,328$3,734$2,115
40 years$25,703$16,192$9,855$5,837$3,387$1,884
41 years$24,796$15,413$9,241$5,385$3,073$1,679
42 years$23,935$14,679$8,668$4,970$2,788$1,496
43 years$23,116$13,986$8,134$4,588$2,531$1,333
44 years$22,337$13,332$7,635$4,236$2,297$1,189
45 years$21,594$12,713$7,169$3,912$2,085$1,059
46 years$20,886$12,128$6,733$3,614$1,893$945
47 years$20,210$11,574$6,326$3,338$1,719$842
48 years$19,564$11,049$5,945$3,085$1,561$751
49 years$18,946$10,551$5,588$2,851$1,418$669
50 years$18,355$10,079$5,253$2,635$1,288$597

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $18,800,000, adding $5,215 every year, while hoping to spend $29,308 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: 51/19/30 Blend
74$18,800,000$18,800,000$18,800,000$18,800,000
75$20,722,979$19,726,579$19,435,179$21,603,927
76$22,805,540$20,661,998$20,055,074$23,155,614
77$25,099,539$21,642,270$20,694,754$24,838,668
78$27,626,513$22,669,563$21,354,849$26,668,362
79$30,410,193$23,746,147$22,036,012$28,658,690
80$33,476,731$24,874,406$22,738,916$30,825,031
81$36,854,943$26,056,838$23,464,256$33,184,295
82$40,576,586$27,296,062$24,212,747$35,755,074
83$44,676,653$28,594,824$24,985,130$38,557,812
84$49,193,707$29,956,006$25,782,167$41,614,992
85$54,170,241$31,382,626$26,604,645$44,951,343
86$59,653,084$32,877,852$27,453,379$48,594,066
87$65,693,836$34,445,005$28,329,205$52,573,085
88$72,349,364$36,087,567$29,232,990$56,921,321
89$79,682,331$37,809,190$30,165,627$61,674,997
90$87,761,790$39,613,701$31,128,037$66,873,972
91$96,663,837$41,505,118$32,121,171$72,562,108
92$106,472,330$43,487,649$33,146,011$78,787,679
93$117,279,675$45,565,711$34,203,570$85,603,813
94$129,187,705$47,743,934$35,294,892$93,068,989
95$142,308,637$50,027,174$36,421,058$101,247,578
96$156,766,134$52,420,521$37,583,179$110,210,440
97$172,696,469$54,929,316$38,782,405$120,035,586
98$190,249,814$57,559,158$40,019,921$130,808,897
99$209,591,657$60,315,919$41,296,950$142,624,931
100$230,904,364$63,205,756$42,614,755$155,587,800