Can I retire at age 75 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,495,109
2 years$772,646$758,256$744,310$730,788$717,673$705,573
3 years$509,981$495,529$481,618$468,223$455,321$443,500
4 years$378,674$364,266$350,494$337,328$324,739$313,287
5 years$299,910$285,589$271,998$259,101$246,861$235,813
6 years$247,418$233,205$219,815$207,205$195,333$184,702
7 years$209,939$195,845$182,667$170,354$158,858$148,649
8 years$181,842$167,875$154,916$142,906$131,788$122,001
9 years$160,000$146,166$133,429$121,724$110,985$101,617
10 years$142,537$128,838$116,327$104,928$94,564$85,610
11 years$128,259$114,697$102,412$91,318$81,329$72,782
12 years$116,368$102,946$90,888$80,099$70,478$62,330
13 years$106,315$93,033$81,203$70,715$61,458$53,701
14 years$97,706$84,564$72,961$62,773$53,874$46,498
15 years$90,251$77,251$65,874$55,982$47,435$40,429
16 years$83,734$70,876$59,724$50,126$41,923$35,277
17 years$77,990$65,274$54,347$45,038$37,172$30,875
18 years$72,890$60,317$49,612$40,588$33,051$27,091
19 years$68,332$55,901$45,417$36,675$29,459$23,825
20 years$64,235$51,946$41,681$33,216$26,314$20,992
21 years$60,533$48,385$38,339$30,146$23,548$18,527
22 years$57,172$45,166$35,335$27,409$21,107$16,376
23 years$54,108$42,243$32,626$24,962$18,947$14,492
24 years$51,303$39,579$30,173$22,767$17,030$12,840
25 years$48,727$37,143$27,947$20,792$15,324$11,387
26 years$46,353$34,908$25,919$19,011$13,804$10,107
27 years$44,158$32,853$24,068$17,402$12,445$8,978
28 years$42,124$30,957$22,374$15,944$11,230$7,981
29 years$40,233$29,204$20,821$14,621$10,140$7,098
30 years$38,472$27,580$19,394$13,418$9,162$6,316
31 years$36,828$26,073$18,081$12,323$8,283$5,623
32 years$35,289$24,670$16,870$11,326$7,493$5,009
33 years$33,847$23,363$15,751$10,415$6,781$4,463
34 years$32,493$22,143$14,717$9,582$6,140$3,977
35 years$31,218$21,002$13,759$8,821$5,561$3,546
36 years$30,018$19,934$12,872$8,124$5,038$3,162
37 years$28,884$18,933$12,048$7,485$4,566$2,821
38 years$27,813$17,993$11,282$6,899$4,140$2,516
39 years$26,800$17,109$10,570$6,362$3,754$2,245
40 years$25,839$16,278$9,907$5,868$3,405$2,004
41 years$24,928$15,495$9,290$5,414$3,089$1,789
42 years$24,062$14,757$8,714$4,996$2,803$1,597
43 years$23,239$14,061$8,177$4,612$2,544$1,426
44 years$22,456$13,403$7,676$4,258$2,309$1,273
45 years$21,709$12,781$7,207$3,933$2,096$1,137
46 years$20,997$12,192$6,769$3,633$1,903$1,015
47 years$20,318$11,635$6,360$3,356$1,728$907
48 years$19,668$11,107$5,976$3,101$1,570$810
49 years$19,047$10,607$5,617$2,866$1,426$723
50 years$18,453$10,132$5,281$2,649$1,295$646

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $18,900,000, adding $6,016 every year, while hoping to spend $38,413 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: 47/32/21 Blend
74$18,900,000$18,900,000$18,900,000$18,900,000
75$20,834,006$19,832,306$19,539,356$21,688,359
76$22,918,203$20,763,217$20,153,053$23,216,856
77$25,213,701$21,738,456$20,786,021$24,870,622
78$27,742,012$22,760,154$21,438,867$26,664,883
79$30,526,841$23,830,545$22,112,212$28,612,803
80$33,594,309$24,951,973$22,806,702$30,728,836
81$36,973,202$26,126,893$23,523,000$33,028,862
82$40,695,238$27,357,880$24,261,790$35,530,321
83$44,795,372$28,647,635$25,023,779$38,252,377
84$49,312,119$29,998,989$25,809,695$41,216,087
85$54,287,924$31,414,908$26,620,289$44,444,596
86$59,769,560$32,898,506$27,456,336$47,963,340
87$65,808,567$34,453,045$28,318,635$51,800,284
88$72,461,742$36,081,945$29,208,011$55,986,172
89$79,791,673$37,788,794$30,125,312$60,554,810
90$87,867,329$39,577,351$31,071,416$65,543,372
91$96,764,716$41,451,560$32,047,227$70,992,745
92$106,567,586$43,415,555$33,053,678$76,947,897
93$117,368,234$45,473,672$34,091,731$83,458,296
94$129,268,366$47,630,454$35,162,377$90,578,362
95$142,380,063$49,890,670$36,266,639$98,367,965
96$156,826,831$52,259,315$37,405,574$106,892,984
97$172,744,776$54,741,629$38,580,269$116,225,907
98$190,283,882$57,343,108$39,791,847$126,446,505
99$209,609,430$60,069,512$41,041,465$137,642,570
100$230,903,556$62,926,882$42,330,319$149,910,723