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%12.2%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,137,705
2 years$588,682$577,719$567,093$556,791$546,798$536,148
3 years$388,557$377,546$366,947$356,741$346,911$336,511
4 years$288,513$277,536$267,043$257,012$247,420$237,351
5 years$228,503$217,592$207,237$197,410$188,085$178,376
6 years$188,509$177,680$167,478$157,870$148,825$139,488
7 years$159,953$149,215$139,175$129,794$121,035$112,074
8 years$138,546$127,905$118,031$108,881$100,410$91,826
9 years$121,905$111,364$101,660$92,742$84,560$76,349
10 years$108,600$98,162$88,630$79,945$72,049$64,207
11 years$97,721$87,388$78,028$69,576$61,965$54,485
12 years$88,662$78,435$69,248$61,027$53,697$46,573
13 years$81,002$70,882$61,869$53,878$46,825$40,048
14 years$74,442$64,430$55,589$47,827$41,047$34,607
15 years$68,762$58,858$50,190$42,653$36,141$30,030
16 years$63,797$54,001$45,504$38,191$31,941$26,150
17 years$59,421$49,733$41,407$34,315$28,321$22,838
18 years$55,535$45,955$37,799$30,924$25,182$19,997
19 years$52,063$42,591$34,603$27,943$22,445$17,548
20 years$48,941$39,578$31,757$25,308$20,048$15,428
21 years$46,120$36,865$29,211$22,968$17,941$13,586
22 years$43,560$34,412$26,922$20,883$16,082$11,981
23 years$41,225$32,185$24,858$19,019$14,436$10,579
24 years$39,088$30,155$22,989$17,346$12,975$9,351
25 years$37,125$28,299$21,293$15,842$11,676$8,274
26 years$35,316$26,597$19,748$14,485$10,517$7,327
27 years$33,644$25,031$18,338$13,258$9,482$6,493
28 years$32,094$23,586$17,047$12,147$8,556$5,758
29 years$30,654$22,251$15,864$11,139$7,726$5,109
30 years$29,312$21,014$14,777$10,223$6,981$4,535
31 years$28,059$19,865$13,776$9,389$6,311$4,027
32 years$26,887$18,796$12,853$8,629$5,709$3,578
33 years$25,788$17,800$12,001$7,935$5,167$3,180
34 years$24,756$16,871$11,213$7,301$4,678$2,827
35 years$23,785$16,002$10,483$6,721$4,237$2,514
36 years$22,871$15,188$9,807$6,190$3,839$2,237
37 years$22,007$14,425$9,179$5,703$3,479$1,990
38 years$21,191$13,709$8,596$5,257$3,154$1,771
39 years$20,419$13,036$8,053$4,847$2,860$1,576
40 years$19,687$12,402$7,548$4,471$2,594$1,403
41 years$18,993$11,806$7,078$4,125$2,354$1,249
42 years$18,333$11,244$6,639$3,807$2,136$1,112
43 years$17,706$10,713$6,230$3,514$1,938$990
44 years$17,109$10,212$5,848$3,245$1,759$882
45 years$16,540$9,738$5,491$2,996$1,597$786
46 years$15,998$9,289$5,157$2,768$1,450$700
47 years$15,480$8,865$4,845$2,557$1,317$623
48 years$14,985$8,463$4,553$2,363$1,196$555
49 years$14,512$8,081$4,280$2,184$1,086$495
50 years$14,059$7,720$4,024$2,018$987$441

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 $5,602 every year, while hoping to spend $27,144 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: 63/14/23 Blend
73$14,400,000$14,400,000$14,400,000$14,400,000
74$15,874,578$15,111,378$14,888,178$16,778,881
75$17,464,904$15,822,955$15,358,051$18,101,906
76$19,216,534$16,568,489$15,842,755$19,542,770
77$21,145,891$17,349,616$16,342,759$21,115,889
78$23,271,075$18,168,050$16,858,544$22,834,195
79$25,612,029$19,025,589$17,390,609$24,711,917
80$28,190,731$19,924,117$17,939,469$26,764,712
81$31,031,397$20,865,611$18,505,654$29,009,810
82$34,160,716$21,852,142$19,089,709$31,466,172
83$37,608,095$22,885,883$19,692,201$34,154,669
84$41,405,941$23,969,111$20,313,709$37,098,272
85$45,589,964$25,104,215$20,954,836$40,322,267
86$50,199,517$26,293,699$21,616,200$43,854,490
87$55,277,965$27,540,187$22,298,440$47,725,586
88$60,873,095$28,846,434$23,002,215$51,969,291
89$67,037,566$30,215,325$23,728,205$56,622,751
90$73,829,410$31,649,887$24,477,111$61,726,865
91$81,312,572$33,153,294$25,249,657$67,326,668
92$89,557,523$34,728,874$26,046,589$73,471,750
93$98,641,917$36,380,116$26,868,677$80,216,718
94$108,651,330$38,110,678$27,716,714$87,621,712
95$119,680,063$39,924,399$28,591,522$95,752,958
96$131,832,035$41,825,300$29,493,943$104,683,396
97$145,221,763$43,817,600$30,424,851$114,493,357
98$159,975,443$45,905,724$31,385,144$125,271,317
99$176,232,143$48,094,308$32,375,751$137,114,728
100$194,145,110$50,388,218$33,397,627$150,130,924