Can I retire at age 74 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,102,554
2 years$576,418$565,683$555,279$545,191$535,407$513,533
3 years$380,462$369,680$359,302$349,309$339,684$318,417
4 years$282,503$271,754$261,480$251,658$242,265$221,770
5 years$223,742$213,058$202,919$193,297$184,166$164,500
6 years$184,582$173,978$163,989$154,581$145,725$126,910
7 years$156,621$146,107$136,275$127,090$118,513$100,554
8 years$135,660$125,240$115,572$106,613$98,318$81,210
9 years$119,365$109,044$99,543$90,810$82,798$66,530
10 years$106,337$96,117$86,783$78,279$70,548$55,104
11 years$95,685$85,567$76,403$68,126$60,674$46,036
12 years$86,815$76,801$67,805$59,756$52,579$38,726
13 years$79,315$69,405$60,580$52,756$45,849$32,760
14 years$72,892$63,088$54,431$46,831$40,191$27,840
15 years$67,330$57,632$49,144$41,765$35,388$23,749
16 years$62,468$52,876$44,556$37,396$31,276$20,324
17 years$58,183$48,697$40,544$33,600$27,731$17,439
18 years$54,378$44,998$37,012$30,280$24,657$14,997
19 years$50,978$41,704$33,883$27,361$21,978$12,922
20 years$47,921$38,753$31,096$24,780$19,631$11,152
21 years$45,160$36,097$28,602$22,490$17,567$9,638
22 years$42,652$33,695$26,361$20,448$15,747$8,339
23 years$40,366$31,514$24,340$18,623$14,135$7,223
24 years$38,274$29,527$22,510$16,985$12,705$6,261
25 years$36,352$27,710$20,849$15,512$11,433$5,432
26 years$34,581$26,043$19,336$14,183$10,298$4,715
27 years$32,943$24,509$17,956$12,982$9,285$4,096
28 years$31,426$23,095$16,692$11,894$8,378$3,559
29 years$30,015$21,787$15,533$10,907$7,565$3,095
30 years$28,702$20,576$14,469$10,010$6,835$2,691
31 years$27,475$19,451$13,489$9,194$6,180$2,341
32 years$26,327$18,405$12,585$8,449$5,590$2,038
33 years$25,251$17,429$11,751$7,770$5,059$1,774
34 years$24,241$16,519$10,979$7,149$4,580$1,544
35 years$23,290$15,668$10,265$6,581$4,149$1,345
36 years$22,394$14,871$9,603$6,061$3,759$1,171
37 years$21,549$14,124$8,988$5,584$3,407$1,020
38 years$20,750$13,423$8,417$5,147$3,089$889
39 years$19,993$12,764$7,886$4,746$2,801$774
40 years$19,277$12,144$7,391$4,377$2,540$675
41 years$18,597$11,560$6,931$4,039$2,305$588
42 years$17,951$11,009$6,501$3,727$2,091$512
43 years$17,337$10,490$6,100$3,441$1,898$446
44 years$16,753$9,999$5,726$3,177$1,723$389
45 years$16,196$9,535$5,377$2,934$1,564$339
46 years$15,665$9,096$5,050$2,710$1,420$296
47 years$15,158$8,680$4,744$2,504$1,289$258
48 years$14,673$8,286$4,458$2,314$1,171$225
49 years$14,210$7,913$4,191$2,138$1,064$196
50 years$13,767$7,559$3,940$1,976$966$171

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,100,000, adding $6,131 every year, while hoping to spend $21,531 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: 49/42/9 Blend
73$14,100,000$14,100,000$14,100,000$14,100,000
74$15,544,524$14,797,224$14,578,674$16,268,663
75$17,107,157$15,499,379$15,044,151$17,467,256
76$18,828,456$16,235,218$15,524,500$18,765,652
77$20,724,584$17,006,369$16,020,195$20,175,439
78$22,813,349$17,814,539$16,531,729$21,707,030
79$25,114,376$18,661,517$17,059,608$23,371,859
80$27,649,291$19,549,179$17,604,353$25,182,479
81$30,441,924$20,479,495$18,166,505$27,152,674
82$33,518,537$21,454,527$18,746,619$29,297,586
83$36,908,068$22,476,439$19,345,271$31,633,848
84$40,642,406$23,547,499$19,963,053$34,179,735
85$44,756,692$24,670,088$20,600,576$36,955,327
86$49,289,652$25,846,699$21,258,472$39,982,693
87$54,283,959$27,079,950$21,937,393$43,286,088
88$59,786,638$28,372,582$22,638,011$46,892,178
89$65,849,510$29,727,474$23,361,020$50,830,276
90$72,529,681$31,147,641$24,107,135$55,132,614
91$79,890,081$32,636,248$24,877,096$59,834,635
92$88,000,056$34,196,611$25,671,665$64,975,318
93$96,936,026$35,832,209$26,491,630$70,597,534
94$106,782,203$37,546,690$27,337,803$76,748,439
95$117,631,390$39,343,880$28,211,022$83,479,907
96$129,585,852$41,227,791$29,112,151$90,849,008
97$142,758,286$43,202,629$30,042,085$98,918,532
98$157,272,879$45,272,806$31,001,743$107,757,569
99$173,266,489$47,442,949$31,992,077$117,442,144
100$190,889,927$49,717,911$33,014,069$128,055,924