Can I retire at age 74 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,104,685
2 years$584,594$573,707$563,155$552,924$543,001$507,435
3 years$385,858$374,924$364,399$354,264$344,502$310,102
4 years$286,510$275,609$265,189$255,227$245,702$212,731
5 years$226,916$216,081$205,797$196,039$186,779$155,327
6 years$187,200$176,446$166,315$156,774$147,792$117,886
7 years$158,843$148,179$138,208$128,893$120,194$91,832
8 years$137,584$127,017$117,212$108,125$99,713$72,875
9 years$121,058$110,591$100,954$92,098$83,972$58,630
10 years$107,846$97,481$88,014$79,390$71,549$47,664
11 years$97,042$86,781$77,486$69,093$61,534$39,064
12 years$88,046$77,890$68,767$60,604$53,324$32,221
13 years$80,440$70,390$61,439$53,504$46,500$26,714
14 years$73,925$63,982$55,203$47,495$40,761$22,240
15 years$68,285$58,449$49,841$42,357$35,890$18,577
16 years$63,354$53,626$45,188$37,926$31,719$15,561
17 years$59,008$49,388$41,120$34,076$28,125$13,065
18 years$55,150$45,636$37,537$30,710$25,007$10,990
19 years$51,701$42,295$34,363$27,749$22,289$9,259
20 years$48,601$39,303$31,537$25,132$19,909$7,811
21 years$45,800$36,609$29,008$22,809$17,817$6,597
22 years$43,257$34,173$26,735$20,738$15,970$5,576
23 years$40,939$31,961$24,685$18,887$14,336$4,717
24 years$38,817$29,946$22,830$17,226$12,885$3,994
25 years$36,868$28,103$21,145$15,732$11,595$3,383
26 years$35,071$26,412$19,611$14,384$10,444$2,866
27 years$33,411$24,857$18,210$13,166$9,416$2,430
28 years$31,872$23,422$16,929$12,063$8,496$2,061
29 years$30,441$22,096$15,754$11,062$7,672$1,748
30 years$29,109$20,868$14,674$10,152$6,932$1,483
31 years$27,864$19,727$13,680$9,324$6,267$1,259
32 years$26,700$18,666$12,764$8,569$5,669$1,068
33 years$25,609$17,677$11,918$7,880$5,131$907
34 years$24,584$16,753$11,135$7,250$4,645$770
35 years$23,620$15,890$10,411$6,674$4,207$654
36 years$22,712$15,082$9,739$6,147$3,812$555
37 years$21,854$14,325$9,115$5,663$3,455$472
38 years$21,044$13,614$8,536$5,220$3,132$400
39 years$20,277$12,945$7,997$4,813$2,840$340
40 years$19,550$12,316$7,496$4,440$2,576$289
41 years$18,861$11,724$7,029$4,096$2,337$245
42 years$18,206$11,165$6,593$3,780$2,121$208
43 years$17,583$10,638$6,187$3,490$1,925$177
44 years$16,990$10,141$5,808$3,222$1,747$150
45 years$16,426$9,670$5,453$2,976$1,586$128
46 years$15,887$9,225$5,122$2,749$1,440$109
47 years$15,373$8,803$4,812$2,539$1,308$92
48 years$14,881$8,404$4,522$2,346$1,188$78
49 years$14,411$8,025$4,250$2,169$1,079$67
50 years$13,962$7,666$3,996$2,004$980$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,300,000, adding $4,254 every year, while hoping to spend $50,263 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: 58/19/23 Blend
73$14,300,000$14,300,000$14,300,000$14,300,000
74$15,762,988$15,005,088$14,783,438$16,579,498
75$17,317,333$15,686,858$15,225,204$17,818,275
76$19,028,537$16,400,350$15,680,084$19,162,470
77$20,912,546$17,147,065$16,148,465$20,626,950
78$22,986,932$17,928,577$16,630,745$22,223,354
79$25,271,056$18,746,535$17,127,332$23,964,484
80$27,786,254$19,602,665$17,638,647$25,864,421
81$30,556,034$20,498,778$18,165,124$27,938,654
82$33,606,303$21,436,772$18,707,210$30,204,227
83$36,965,607$22,418,634$19,265,362$32,679,889
84$40,665,400$23,446,449$19,840,053$35,386,274
85$44,740,346$24,522,399$20,431,769$38,346,088
86$49,228,638$25,648,774$21,041,011$41,584,317
87$54,172,367$26,827,972$21,668,293$45,128,466
88$59,617,913$28,062,506$22,314,144$49,008,804
89$65,616,382$29,355,012$22,979,111$53,258,653
90$72,224,095$30,708,249$23,663,753$57,914,693
91$79,503,112$32,125,113$24,368,648$63,017,306
92$87,521,823$33,608,636$25,094,390$68,610,949
93$96,355,587$35,161,998$25,841,591$74,744,569
94$106,087,451$36,788,530$26,610,879$81,472,060
95$116,808,929$38,491,726$27,402,901$88,852,762
96$128,620,865$40,275,246$28,218,323$96,952,021
97$141,634,387$42,142,927$29,057,831$105,841,793
98$155,971,956$44,098,791$29,922,129$115,601,319
99$171,768,518$46,147,055$30,811,944$126,317,864
100$189,172,784$48,292,138$31,728,021$138,087,538