Can I retire at age 74 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,147,042
2 years$592,771$581,731$571,031$560,658$550,595$541,313
3 years$391,255$380,167$369,495$359,219$349,320$340,251
4 years$290,517$279,463$268,898$258,797$249,138$240,353
5 years$230,090$219,103$208,676$198,781$189,391$180,915
6 years$189,818$178,914$168,641$158,967$149,859$141,702
7 years$161,064$150,252$140,141$130,695$121,875$114,043
8 years$139,508$128,793$118,851$109,637$101,107$93,599
9 years$122,752$112,138$102,366$93,386$85,147$77,960
10 years$109,354$98,844$89,245$80,500$72,549$65,680
11 years$98,400$87,995$78,570$70,059$62,395$55,838
12 years$89,277$78,980$69,729$61,451$54,070$47,820
13 years$81,565$71,374$62,298$54,252$47,150$41,199
14 years$74,959$64,877$55,975$48,159$41,332$35,673
15 years$69,240$59,267$50,538$42,949$36,392$31,017
16 years$64,240$54,376$45,820$38,457$32,163$27,065
17 years$59,834$50,078$41,695$34,553$28,518$23,687
18 years$55,921$46,275$38,062$31,139$25,357$20,784
19 years$52,424$42,887$34,844$28,137$22,601$18,278
20 years$49,281$39,852$31,978$25,483$20,188$16,105
21 years$46,441$37,121$29,413$23,128$18,066$14,214
22 years$43,862$34,651$27,109$21,028$16,193$12,563
23 years$41,511$32,408$25,030$19,151$14,536$11,118
24 years$39,360$30,365$23,149$17,467$13,065$9,851
25 years$37,383$28,496$21,441$15,952$11,757$8,736
26 years$35,562$26,781$19,885$14,585$10,590$7,754
27 years$33,878$25,204$18,465$13,350$9,548$6,888
28 years$32,317$23,750$17,166$12,232$8,615$6,123
29 years$30,867$22,405$15,974$11,217$7,779$5,446
30 years$29,516$21,160$14,879$10,294$7,029$4,846
31 years$28,254$20,003$13,871$9,454$6,355$4,314
32 years$27,074$18,927$12,942$8,689$5,749$3,843
33 years$25,967$17,924$12,084$7,990$5,202$3,424
34 years$24,928$16,988$11,291$7,352$4,710$3,051
35 years$23,951$16,113$10,556$6,768$4,266$2,720
36 years$23,029$15,293$9,875$6,233$3,865$2,426
37 years$22,160$14,525$9,243$5,743$3,503$2,164
38 years$21,338$13,804$8,656$5,293$3,176$1,931
39 years$20,561$13,126$8,109$4,881$2,880$1,723
40 years$19,824$12,489$7,601$4,502$2,612$1,537
41 years$19,125$11,888$7,127$4,153$2,370$1,372
42 years$18,461$11,322$6,686$3,833$2,151$1,225
43 years$17,829$10,787$6,273$3,538$1,952$1,094
44 years$17,228$10,282$5,889$3,267$1,772$977
45 years$16,655$9,805$5,529$3,017$1,608$872
46 years$16,109$9,354$5,193$2,787$1,460$779
47 years$15,588$8,926$4,879$2,575$1,326$696
48 years$15,089$8,521$4,585$2,379$1,204$621
49 years$14,613$8,138$4,310$2,199$1,094$555
50 years$14,157$7,773$4,052$2,032$993$496

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,500,000, adding $6,756 every year, while hoping to spend $58,916 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: 67/21/12 Blend
73$14,500,000$14,500,000$14,500,000$14,500,000
74$15,985,969$15,217,469$14,992,719$17,014,157
75$17,553,851$15,900,439$15,432,289$18,382,512
76$19,279,684$16,614,899$15,884,610$19,870,411
77$21,179,514$17,362,332$16,350,046$21,495,676
78$23,271,025$18,144,287$16,828,974$23,271,750
79$25,573,704$18,962,392$17,321,779$25,213,427
80$28,109,021$19,818,348$17,828,858$27,336,983
81$30,900,634$20,713,940$18,350,618$29,660,332
82$33,974,613$21,651,038$18,887,478$32,203,185
83$37,359,685$22,631,600$19,439,869$34,987,238
84$41,087,504$23,657,678$20,008,236$38,036,368
85$45,192,949$24,731,425$20,593,032$41,376,860
86$49,714,457$25,855,092$21,194,726$45,037,648
87$54,694,382$27,031,042$21,813,799$49,050,582
88$60,179,394$28,261,748$22,450,746$53,450,730
89$66,220,922$29,549,803$23,106,076$58,276,695
90$72,875,638$30,897,925$23,780,312$63,570,987
91$80,205,990$32,308,961$24,473,989$69,380,406
92$88,280,796$33,785,894$25,187,662$75,756,489
93$97,175,885$35,331,852$25,921,897$82,755,985
94$106,974,823$36,950,110$26,677,279$90,441,387
95$117,769,693$38,644,104$27,454,406$98,881,514
96$129,661,969$40,417,431$28,253,895$108,152,159
97$142,763,469$42,273,865$29,076,379$118,336,792
98$157,197,415$44,217,356$29,922,511$129,527,344
99$173,099,594$46,252,050$30,792,957$141,825,067
100$190,619,639$48,382,286$31,688,408$155,341,484