Can I retire at age 74 with 13,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,056,770
2 years$564,154$553,647$543,464$533,591$524,015$480,569
3 years$372,367$361,815$351,657$341,877$332,457$290,593
4 years$276,492$265,972$255,917$246,303$237,111$197,148
5 years$218,982$208,525$198,602$189,185$180,248$142,288
6 years$180,655$170,277$160,500$151,292$142,624$106,691
7 years$153,289$142,998$133,376$124,386$115,992$82,073
8 years$132,774$122,576$113,113$104,344$96,226$64,287
9 years$116,826$106,724$97,425$88,878$81,036$51,028
10 years$104,075$94,072$84,937$76,614$69,047$40,911
11 years$93,649$83,747$74,777$66,677$59,383$33,054
12 years$84,967$75,167$66,363$58,485$51,460$26,867
13 years$77,627$67,929$59,291$51,633$44,874$21,943
14 years$71,341$61,745$53,273$45,834$39,336$17,989
15 years$65,897$56,405$48,098$40,876$34,635$14,793
16 years$61,139$51,751$43,608$36,600$30,610$12,196
17 years$56,945$47,661$39,682$32,885$27,141$10,075
18 years$53,221$44,041$36,224$29,636$24,133$8,336
19 years$49,893$40,816$33,162$26,779$21,510$6,907
20 years$46,902$37,929$30,434$24,253$19,213$5,730
21 years$44,199$35,329$27,994$22,011$17,194$4,757
22 years$41,745$32,978$25,800$20,013$15,412$3,953
23 years$39,507$30,844$23,822$18,226$13,834$3,286
24 years$37,460$28,899$22,031$16,624$12,435$2,734
25 years$35,579$27,120$20,405$15,182$11,189$2,275
26 years$33,845$25,489$18,925$13,881$10,079$1,894
27 years$32,243$23,988$17,574$12,706$9,087$1,577
28 years$30,757$22,603$16,337$11,641$8,199$1,314
29 years$29,377$21,324$15,203$10,675$7,404$1,095
30 years$28,091$20,138$14,161$9,797$6,690$912
31 years$26,890$19,037$13,202$8,998$6,048$760
32 years$25,767$18,013$12,318$8,269$5,471$634
33 years$24,714$17,059$11,501$7,604$4,951$528
34 years$23,725$16,168$10,746$6,997$4,483$440
35 years$22,794$15,335$10,047$6,441$4,060$367
36 years$21,918$14,555$9,398$5,932$3,679$306
37 years$21,090$13,824$8,797$5,465$3,334$255
38 years$20,308$13,138$8,238$5,038$3,023$213
39 years$19,568$12,493$7,718$4,645$2,741$178
40 years$18,867$11,886$7,234$4,284$2,486$148
41 years$18,201$11,314$6,783$3,953$2,256$123
42 years$17,569$10,775$6,363$3,648$2,047$103
43 years$16,968$10,266$5,971$3,367$1,858$86
44 years$16,396$9,786$5,604$3,109$1,686$72
45 years$15,851$9,332$5,262$2,872$1,531$60
46 years$15,331$8,902$4,943$2,652$1,390$50
47 years$14,835$8,496$4,643$2,451$1,262$42
48 years$14,361$8,110$4,364$2,264$1,146$35
49 years$13,908$7,745$4,101$2,093$1,041$29
50 years$13,474$7,398$3,856$1,934$945$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $13,800,000, adding $5,226 every year, while hoping to spend $43,565 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: 48/44/8 Blend
73$13,800,000$13,800,000$13,800,000$13,800,000
74$15,212,991$14,481,591$14,267,691$15,910,445
75$16,718,363$15,144,836$14,699,305$17,052,327
76$18,375,823$15,839,120$15,143,919$18,286,379
77$20,200,838$16,565,918$15,601,921$19,625,177
78$22,210,451$17,326,775$16,073,713$21,078,485
79$24,423,442$18,123,312$16,559,708$22,657,017
80$26,860,505$18,957,226$17,060,330$24,372,540
81$29,544,443$19,830,297$17,576,018$26,237,973
82$32,500,384$20,744,390$18,107,222$28,267,505
83$35,756,018$21,701,459$18,654,408$30,476,723
84$39,341,854$22,703,553$19,218,054$32,882,753
85$43,291,516$23,752,820$19,798,651$35,504,411
86$47,642,052$24,851,509$20,396,708$38,362,375
87$52,434,289$26,001,981$21,012,745$41,479,372
88$57,713,216$27,206,707$21,647,301$44,880,387
89$63,528,408$28,468,280$22,300,930$48,592,885
90$69,934,495$29,789,416$22,974,201$52,647,063
91$76,991,679$31,172,963$23,667,702$57,076,130
92$84,766,297$32,621,905$24,382,037$61,916,602
93$93,331,452$34,139,371$25,117,828$67,208,645
94$102,767,702$35,728,641$25,875,717$72,996,436
95$113,163,817$37,393,154$26,656,362$79,328,574
96$124,617,620$39,136,513$27,460,445$86,258,523
97$137,236,911$40,962,496$28,288,663$93,845,105
98$151,140,481$42,875,063$29,141,738$102,153,046
99$166,459,235$44,878,366$30,020,412$111,253,566
100$183,337,429$46,976,758$30,925,447$121,225,042