Can I retire at age 74 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,083,812
2 years$568,242$557,659$547,403$537,458$527,812$503,162
3 years$375,065$364,436$354,206$344,355$334,866$310,930
4 years$278,495$267,899$257,771$248,088$238,829$215,791
5 years$220,569$210,036$200,041$190,555$181,554$159,478
6 years$181,964$171,510$161,663$152,389$143,658$122,568
7 years$154,399$144,034$134,343$125,287$116,832$96,732
8 years$133,736$123,464$113,933$105,100$96,923$77,805
9 years$117,672$107,498$98,131$89,522$81,624$63,474
10 years$104,829$94,754$85,552$77,169$69,547$52,347
11 years$94,328$84,354$75,319$67,160$59,813$43,539
12 years$85,583$75,711$66,844$58,908$51,833$36,459
13 years$78,190$68,421$59,720$52,007$45,199$30,699
14 years$71,858$62,193$53,659$46,166$39,621$25,965
15 years$66,375$56,814$48,447$41,172$34,886$22,042
16 years$61,582$52,126$43,924$36,865$30,832$18,770
17 years$57,358$48,006$39,969$33,123$27,338$16,025
18 years$53,607$44,360$36,487$29,851$24,308$13,711
19 years$50,255$41,112$33,402$26,973$21,666$11,752
20 years$47,242$38,203$30,655$24,429$19,352$10,089
21 years$44,519$35,585$28,196$22,171$17,318$8,673
22 years$42,047$33,217$25,987$20,158$15,523$7,464
23 years$39,794$31,067$23,995$18,359$13,935$6,429
24 years$37,731$29,108$22,191$16,744$12,525$5,543
25 years$35,836$27,317$20,553$15,292$11,270$4,782
26 years$34,090$25,673$19,062$13,982$10,152$4,128
27 years$32,476$24,161$17,701$12,798$9,153$3,565
28 years$30,980$22,767$16,455$11,726$8,259$3,081
29 years$29,590$21,478$15,313$10,753$7,457$2,663
30 years$28,294$20,284$14,264$9,868$6,738$2,303
31 years$27,085$19,175$13,297$9,063$6,092$1,992
32 years$25,954$18,144$12,407$8,329$5,511$1,723
33 years$24,893$17,182$11,584$7,660$4,987$1,491
34 years$23,897$16,285$10,824$7,047$4,515$1,291
35 years$22,960$15,446$10,119$6,488$4,090$1,117
36 years$22,076$14,660$9,466$5,975$3,705$967
37 years$21,243$13,924$8,860$5,505$3,358$838
38 years$20,455$13,233$8,297$5,074$3,045$725
39 years$19,710$12,583$7,774$4,679$2,761$628
40 years$19,003$11,972$7,286$4,315$2,504$544
41 years$18,333$11,396$6,832$3,981$2,272$471
42 years$17,697$10,853$6,409$3,674$2,062$408
43 years$17,091$10,341$6,014$3,392$1,871$354
44 years$16,515$9,857$5,645$3,132$1,698$306
45 years$15,966$9,400$5,301$2,892$1,542$265
46 years$15,442$8,967$4,978$2,672$1,400$230
47 years$14,943$8,557$4,677$2,468$1,271$199
48 years$14,465$8,169$4,395$2,281$1,154$173
49 years$14,008$7,801$4,131$2,108$1,048$150
50 years$13,571$7,452$3,884$1,948$952$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $13,900,000, adding $2,582 every year, while hoping to spend $45,260 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: 37/41/22 Blend
73$13,900,000$13,900,000$13,900,000$13,900,000
74$15,320,463$14,583,763$14,368,313$15,785,846
75$16,834,994$15,250,211$14,801,496$16,791,820
76$18,502,491$15,947,799$15,247,672$17,873,296
77$20,338,507$16,678,003$15,707,232$19,040,559
78$22,360,182$17,442,373$16,180,572$20,301,354
79$24,586,404$18,242,533$16,668,104$21,664,173
80$27,037,983$19,080,183$17,170,252$23,138,330
81$29,737,852$19,957,106$17,687,450$24,734,041
82$32,711,281$20,875,172$18,220,147$26,462,516
83$35,986,114$21,836,338$18,768,804$28,336,056
84$39,593,036$22,842,657$19,333,898$30,368,162
85$43,565,859$23,896,281$19,915,917$32,573,658
86$47,941,842$24,999,463$20,515,365$34,968,820
87$52,762,041$26,154,568$21,132,761$37,571,524
88$58,071,699$27,364,072$21,768,638$40,401,403
89$63,920,672$28,630,572$22,423,548$43,480,027
90$70,363,899$29,956,788$23,098,055$46,831,096
91$77,461,920$31,345,573$23,792,743$50,480,654
92$85,281,447$32,799,918$24,508,211$54,457,325
93$93,895,996$34,322,955$25,245,077$58,792,574
94$103,386,578$35,917,970$26,003,978$63,520,987
95$113,842,465$37,588,406$26,785,567$68,680,597
96$125,362,031$39,337,873$27,590,518$74,313,219
97$138,053,684$41,170,155$28,419,526$80,464,841
98$152,036,884$43,089,217$29,273,305$87,186,039
99$167,443,275$45,099,217$30,152,589$94,532,447
100$184,417,925$47,204,515$31,058,137$102,565,260