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%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,085,582
2 years$568,242$557,659$547,403$537,458$527,812$504,922
3 years$375,065$364,436$354,206$344,355$334,866$312,623
4 years$278,495$267,899$257,771$248,088$238,829$217,405
5 years$220,569$210,036$200,041$190,555$181,554$161,009
6 years$181,964$171,510$161,663$152,389$143,658$124,014
7 years$154,399$144,034$134,343$125,287$116,832$98,094
8 years$133,736$123,464$113,933$105,100$96,923$79,085
9 years$117,672$107,498$98,131$89,522$81,624$64,672
10 years$104,829$94,754$85,552$77,169$69,547$53,467
11 years$94,328$84,354$75,319$67,160$59,813$44,584
12 years$85,583$75,711$66,844$58,908$51,833$37,432
13 years$78,190$68,421$59,720$52,007$45,199$31,602
14 years$71,858$62,193$53,659$46,166$39,621$26,801
15 years$66,375$56,814$48,447$41,172$34,886$22,816
16 years$61,582$52,126$43,924$36,865$30,832$19,484
17 years$57,358$48,006$39,969$33,123$27,338$16,682
18 years$53,607$44,360$36,487$29,851$24,308$14,315
19 years$50,255$41,112$33,402$26,973$21,666$12,307
20 years$47,242$38,203$30,655$24,429$19,352$10,597
21 years$44,519$35,585$28,196$22,171$17,318$9,137
22 years$42,047$33,217$25,987$20,158$15,523$7,888
23 years$39,794$31,067$23,995$18,359$13,935$6,816
24 years$37,731$29,108$22,191$16,744$12,525$5,895
25 years$35,836$27,317$20,553$15,292$11,270$5,102
26 years$34,090$25,673$19,062$13,982$10,152$4,418
27 years$32,476$24,161$17,701$12,798$9,153$3,828
28 years$30,980$22,767$16,455$11,726$8,259$3,319
29 years$29,590$21,478$15,313$10,753$7,457$2,878
30 years$28,294$20,284$14,264$9,868$6,738$2,497
31 years$27,085$19,175$13,297$9,063$6,092$2,167
32 years$25,954$18,144$12,407$8,329$5,511$1,881
33 years$24,893$17,182$11,584$7,660$4,987$1,633
34 years$23,897$16,285$10,824$7,047$4,515$1,418
35 years$22,960$15,446$10,119$6,488$4,090$1,232
36 years$22,076$14,660$9,466$5,975$3,705$1,070
37 years$21,243$13,924$8,860$5,505$3,358$930
38 years$20,455$13,233$8,297$5,074$3,045$808
39 years$19,710$12,583$7,774$4,679$2,761$702
40 years$19,003$11,972$7,286$4,315$2,504$610
41 years$18,333$11,396$6,832$3,981$2,272$530
42 years$17,697$10,853$6,409$3,674$2,062$461
43 years$17,091$10,341$6,014$3,392$1,871$401
44 years$16,515$9,857$5,645$3,132$1,698$348
45 years$15,966$9,400$5,301$2,892$1,542$303
46 years$15,442$8,967$4,978$2,672$1,400$263
47 years$14,943$8,557$4,677$2,468$1,271$229
48 years$14,465$8,169$4,395$2,281$1,154$199
49 years$14,008$7,801$4,131$2,108$1,048$173
50 years$13,571$7,452$3,884$1,948$952$150

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 $4,294 every year, while hoping to spend $24,657 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: 57/30/13 Blend
73$13,900,000$13,900,000$13,900,000$13,900,000
74$15,322,229$14,585,529$14,370,079$16,144,921
75$16,858,862$15,273,985$14,825,242$17,390,319
76$18,551,404$15,995,349$15,294,826$18,743,641
77$20,415,734$16,751,208$15,779,289$20,217,725
78$22,469,346$17,543,224$16,279,103$21,824,149
79$24,731,519$18,373,142$16,794,753$23,575,636
80$27,223,499$19,242,791$17,326,741$25,486,174
81$29,968,695$20,154,087$17,875,587$27,571,141
82$32,992,906$21,109,041$18,441,823$29,847,447
83$36,324,560$22,109,761$19,026,001$32,333,685
84$39,994,983$23,158,458$19,628,691$35,050,305
85$44,038,697$24,257,448$20,250,477$38,019,801
86$48,493,743$25,409,162$20,891,967$41,266,912
87$53,402,041$26,616,147$21,553,784$44,818,857
88$58,809,787$27,881,076$22,236,574$48,705,580
89$64,767,886$29,206,749$22,941,000$52,960,028
90$71,332,435$30,596,105$23,667,748$57,618,455
91$78,565,252$32,052,223$24,417,527$62,720,755
92$86,534,460$33,578,334$25,191,065$68,310,834
93$95,315,126$35,177,823$25,989,118$74,437,012
94$104,989,976$36,854,244$26,812,460$81,152,473
95$115,650,172$38,611,320$27,661,895$88,515,761
96$127,396,170$40,452,955$28,538,250$96,591,316
97$140,338,675$42,383,246$29,442,377$105,450,080
98$154,599,681$44,406,486$30,375,158$115,170,152
99$170,313,623$46,527,178$31,337,500$125,837,515
100$187,628,647$48,750,045$32,330,341$137,546,838