Can I retire at age 74 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,118,642
2 years$580,506$569,695$559,217$549,058$539,204$525,431
3 years$383,160$372,302$361,850$351,787$342,093$328,660
4 years$284,506$273,681$263,334$253,443$243,984$230,995
5 years$225,329$214,569$204,358$194,668$185,472$172,966
6 years$185,891$175,212$165,152$155,678$146,758$134,748
7 years$157,732$147,143$137,242$127,991$119,354$107,845
8 years$136,622$126,129$116,392$107,369$99,015$88,008
9 years$120,212$109,818$100,248$91,454$83,385$72,874
10 years$107,092$96,799$87,399$78,834$71,048$61,026
11 years$96,364$86,174$76,945$68,610$61,104$51,562
12 years$87,430$77,345$68,286$60,180$52,951$43,879
13 years$79,877$69,898$61,009$53,130$46,175$37,560
14 years$73,408$63,535$54,817$47,163$40,476$32,308
15 years$67,807$58,040$49,493$42,061$35,639$27,902
16 years$62,911$53,251$44,872$37,661$31,498$24,180
17 years$58,596$49,042$40,832$33,838$27,928$21,015
18 years$54,764$45,317$37,274$30,495$24,832$18,309
19 years$51,339$41,999$34,123$27,555$22,133$15,985
20 years$48,261$39,028$31,316$24,956$19,770$13,982
21 years$45,480$36,353$28,805$22,649$17,692$12,249
22 years$42,955$33,934$26,548$20,593$15,858$10,745
23 years$40,653$31,738$24,513$18,755$14,235$9,437
24 years$38,545$29,736$22,670$17,105$12,795$8,297
25 years$36,610$27,906$20,997$15,622$11,514$7,301
26 years$34,826$26,227$19,474$14,284$10,371$6,429
27 years$33,177$24,683$18,083$13,074$9,350$5,666
28 years$31,649$23,259$16,810$11,979$8,437$4,996
29 years$30,228$21,942$15,644$10,985$7,618$4,408
30 years$28,905$20,722$14,571$10,081$6,884$3,891
31 years$27,670$19,589$13,584$9,259$6,224$3,435
32 years$26,514$18,535$12,675$8,509$5,630$3,035
33 years$25,430$17,553$11,834$7,825$5,095$2,681
34 years$24,412$16,636$11,057$7,200$4,613$2,370
35 years$23,455$15,779$10,338$6,628$4,178$2,095
36 years$22,553$14,977$9,671$6,104$3,785$1,853
37 years$21,701$14,225$9,052$5,624$3,431$1,639
38 years$20,897$13,518$8,476$5,184$3,110$1,450
39 years$20,135$12,855$7,942$4,780$2,821$1,283
40 years$19,414$12,230$7,444$4,408$2,558$1,135
41 years$18,729$11,642$6,980$4,067$2,321$1,004
42 years$18,079$11,087$6,547$3,754$2,106$889
43 years$17,460$10,564$6,144$3,465$1,911$787
44 years$16,872$10,070$5,767$3,199$1,735$696
45 years$16,311$9,602$5,415$2,955$1,575$616
46 years$15,776$9,160$5,086$2,729$1,430$546
47 years$15,265$8,742$4,778$2,522$1,299$483
48 years$14,777$8,345$4,490$2,330$1,179$428
49 years$14,311$7,969$4,220$2,153$1,071$379
50 years$13,864$7,612$3,968$1,990$973$335

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,200,000, adding $2,160 every year, while hoping to spend $35,483 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: 44/30/26 Blend
73$14,200,000$14,200,000$14,200,000$14,200,000
74$15,650,628$14,898,028$14,677,928$16,221,040
75$17,209,238$15,590,278$15,131,885$17,319,343
76$18,925,638$16,315,259$15,599,860$18,505,573
77$20,815,883$17,074,537$16,082,286$19,790,776
78$22,897,669$17,869,754$16,579,608$21,184,169
79$25,190,491$18,702,632$17,092,284$22,695,870
80$27,715,834$19,574,974$17,620,789$24,336,991
81$30,497,374$20,488,673$18,165,611$26,119,739
82$33,561,199$21,445,710$18,727,251$28,057,522
83$36,936,056$22,448,165$19,306,229$30,165,073
84$40,653,624$23,498,216$19,903,078$32,458,582
85$44,748,812$24,598,147$20,518,350$34,955,842
86$49,260,088$25,750,353$21,152,611$37,676,412
87$54,229,841$26,957,344$21,806,448$40,641,793
88$59,704,784$28,221,753$22,480,463$43,875,625
89$65,736,390$29,546,337$23,175,277$47,403,902
90$72,381,385$30,933,991$23,891,532$51,255,212
91$79,702,276$32,387,746$24,629,887$55,460,995
92$87,767,944$33,910,781$25,391,025$60,055,834
93$96,654,295$35,506,431$26,175,645$65,077,772
94$106,444,976$37,178,188$26,984,472$70,568,661
95$117,232,163$38,929,719$27,818,251$76,574,550
96$129,117,431$40,764,863$28,677,750$83,146,105
97$142,212,716$42,687,647$29,563,761$90,339,083
98$156,641,366$44,702,296$30,477,101$98,214,842
99$172,539,313$46,813,235$31,418,610$106,840,909
100$190,056,346$49,025,107$32,389,157$116,291,611