Can I retire at age 74 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,126,474
2 years$588,682$577,719$567,093$556,791$546,798$524,918
3 years$388,557$377,546$366,947$356,741$346,911$325,635
4 years$288,513$277,536$267,043$257,012$247,420$226,912
5 years$228,503$217,592$207,237$197,410$188,085$168,403
6 years$188,509$177,680$167,478$157,870$148,825$129,991
7 years$159,953$149,215$139,175$129,794$121,035$103,053
8 years$138,546$127,905$118,031$108,881$100,410$83,276
9 years$121,905$111,364$101,660$92,742$84,560$68,263
10 years$108,600$98,162$88,630$79,945$72,049$56,575
11 years$97,721$87,388$78,028$69,576$61,965$47,295
12 years$88,662$78,435$69,248$61,027$53,697$39,811
13 years$81,002$70,882$61,869$53,878$46,825$33,700
14 years$74,442$64,430$55,589$47,827$41,047$28,658
15 years$68,762$58,858$50,190$42,653$36,141$24,464
16 years$63,797$54,001$45,504$38,191$31,941$20,950
17 years$59,421$49,733$41,407$34,315$28,321$17,989
18 years$55,535$45,955$37,799$30,924$25,182$15,482
19 years$52,063$42,591$34,603$27,943$22,445$13,349
20 years$48,941$39,578$31,757$25,308$20,048$11,529
21 years$46,120$36,865$29,211$22,968$17,941$9,972
22 years$43,560$34,412$26,922$20,883$16,082$8,634
23 years$41,225$32,185$24,858$19,019$14,436$7,484
24 years$39,088$30,155$22,989$17,346$12,975$6,493
25 years$37,125$28,299$21,293$15,842$11,676$5,638
26 years$35,316$26,597$19,748$14,485$10,517$4,898
27 years$33,644$25,031$18,338$13,258$9,482$4,258
28 years$32,094$23,586$17,047$12,147$8,556$3,703
29 years$30,654$22,251$15,864$11,139$7,726$3,222
30 years$29,312$21,014$14,777$10,223$6,981$2,805
31 years$28,059$19,865$13,776$9,389$6,311$2,442
32 years$26,887$18,796$12,853$8,629$5,709$2,127
33 years$25,788$17,800$12,001$7,935$5,167$1,853
34 years$24,756$16,871$11,213$7,301$4,678$1,615
35 years$23,785$16,002$10,483$6,721$4,237$1,407
36 years$22,871$15,188$9,807$6,190$3,839$1,226
37 years$22,007$14,425$9,179$5,703$3,479$1,069
38 years$21,191$13,709$8,596$5,257$3,154$932
39 years$20,419$13,036$8,053$4,847$2,860$813
40 years$19,687$12,402$7,548$4,471$2,594$709
41 years$18,993$11,806$7,078$4,125$2,354$618
42 years$18,333$11,244$6,639$3,807$2,136$539
43 years$17,706$10,713$6,230$3,514$1,938$470
44 years$17,109$10,212$5,848$3,245$1,759$410
45 years$16,540$9,738$5,491$2,996$1,597$358
46 years$15,998$9,289$5,157$2,768$1,450$312
47 years$15,480$8,865$4,845$2,557$1,317$272
48 years$14,985$8,463$4,553$2,363$1,196$238
49 years$14,512$8,081$4,280$2,184$1,086$207
50 years$14,059$7,720$4,024$2,018$987$181

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,400,000, adding $6,075 every year, while hoping to spend $56,015 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: 68/24/8 Blend
73$14,400,000$14,400,000$14,400,000$14,400,000
74$15,875,066$15,111,866$14,888,666$16,931,173
75$17,434,724$15,792,748$15,327,837$18,313,167
76$19,151,589$16,505,116$15,779,843$19,816,592
77$21,041,637$17,250,453$16,245,054$21,459,190
78$23,122,473$18,030,315$16,723,852$23,254,578
79$25,413,494$18,846,329$17,216,630$25,217,733
80$27,936,074$19,700,202$17,723,790$27,365,134
81$30,713,764$20,593,723$18,245,748$29,714,916
82$33,772,518$21,528,765$18,782,931$32,287,034
83$37,140,931$22,507,291$19,335,776$35,103,447
84$40,850,517$23,531,359$19,904,735$38,188,325
85$44,935,999$24,603,125$20,490,273$41,568,269
86$49,435,640$25,724,847$21,092,866$45,272,562
87$54,391,604$26,898,893$21,713,005$49,333,435
88$59,850,352$28,127,744$22,351,196$53,786,372
89$65,863,083$29,413,998$23,007,956$58,670,436
90$72,486,214$30,760,380$23,683,819$64,028,634
91$79,781,915$32,169,746$24,379,334$69,908,318
92$87,818,694$33,645,088$25,095,065$76,361,626
93$96,672,044$35,189,540$25,831,593$83,445,966
94$106,425,154$36,806,389$26,589,513$91,224,554
95$117,169,697$38,499,080$27,369,440$99,767,005
96$129,006,693$40,271,221$28,172,002$109,149,979
97$142,047,462$42,126,597$28,997,850$119,457,901
98$156,414,674$44,069,172$29,847,650$130,783,751
99$172,243,511$46,103,102$30,722,086$143,229,930
100$189,682,938$48,232,742$31,621,865$156,909,222