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%19%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,114,339
2 years$592,771$581,731$571,031$560,658$550,595$508,831
3 years$391,255$380,167$369,495$359,219$349,320$309,015
4 years$290,517$279,463$268,898$258,797$249,138$210,600
5 years$230,090$219,103$208,676$198,781$189,391$152,720
6 years$189,818$178,914$168,641$158,967$149,859$115,083
7 years$161,064$150,252$140,141$130,695$121,875$88,985
8 years$139,508$128,793$118,851$109,637$101,107$70,075
9 years$122,752$112,138$102,366$93,386$85,147$55,931
10 years$109,354$98,844$89,245$80,500$72,549$45,099
11 years$98,400$87,995$78,570$70,059$62,395$36,652
12 years$89,277$78,980$69,729$61,451$54,070$29,971
13 years$81,565$71,374$62,298$54,252$47,150$24,629
14 years$74,959$64,877$55,975$48,159$41,332$20,319
15 years$69,240$59,267$50,538$42,949$36,392$16,818
16 years$64,240$54,376$45,820$38,457$32,163$13,955
17 years$59,834$50,078$41,695$34,553$28,518$11,605
18 years$55,921$46,275$38,062$31,139$25,357$9,668
19 years$52,424$42,887$34,844$28,137$22,601$8,065
20 years$49,281$39,852$31,978$25,483$20,188$6,737
21 years$46,441$37,121$29,413$23,128$18,066$5,632
22 years$43,862$34,651$27,109$21,028$16,193$4,713
23 years$41,511$32,408$25,030$19,151$14,536$3,946
24 years$39,360$30,365$23,149$17,467$13,065$3,307
25 years$37,383$28,496$21,441$15,952$11,757$2,772
26 years$35,562$26,781$19,885$14,585$10,590$2,324
27 years$33,878$25,204$18,465$13,350$9,548$1,950
28 years$32,317$23,750$17,166$12,232$8,615$1,636
29 years$30,867$22,405$15,974$11,217$7,779$1,373
30 years$29,516$21,160$14,879$10,294$7,029$1,153
31 years$28,254$20,003$13,871$9,454$6,355$968
32 years$27,074$18,927$12,942$8,689$5,749$813
33 years$25,967$17,924$12,084$7,990$5,202$683
34 years$24,928$16,988$11,291$7,352$4,710$573
35 years$23,951$16,113$10,556$6,768$4,266$482
36 years$23,029$15,293$9,875$6,233$3,865$404
37 years$22,160$14,525$9,243$5,743$3,503$340
38 years$21,338$13,804$8,656$5,293$3,176$285
39 years$20,561$13,126$8,109$4,881$2,880$240
40 years$19,824$12,489$7,601$4,502$2,612$202
41 years$19,125$11,888$7,127$4,153$2,370$169
42 years$18,461$11,322$6,686$3,833$2,151$142
43 years$17,829$10,787$6,273$3,538$1,952$120
44 years$17,228$10,282$5,889$3,267$1,772$100
45 years$16,655$9,805$5,529$3,017$1,608$84
46 years$16,109$9,354$5,193$2,787$1,460$71
47 years$15,588$8,926$4,879$2,575$1,326$60
48 years$15,089$8,521$4,585$2,379$1,204$50
49 years$14,613$8,138$4,310$2,199$1,094$42
50 years$14,157$7,773$4,052$2,032$993$35

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 $4,543 every year, while hoping to spend $42,835 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: 59/27/14 Blend
73$14,500,000$14,500,000$14,500,000$14,500,000
74$15,983,686$15,215,186$14,990,436$16,870,270
75$17,568,446$15,915,154$15,447,040$18,168,893
76$19,313,416$16,647,985$15,917,504$19,579,181
77$21,234,891$17,415,244$16,402,247$21,116,050
78$23,350,830$18,218,570$16,901,703$22,791,702
79$25,681,019$19,059,685$17,416,314$24,619,556
80$28,247,262$19,940,388$17,946,539$26,614,362
81$31,073,585$20,862,570$18,492,851$28,792,347
82$34,186,464$21,828,209$19,055,735$31,171,356
83$37,615,073$22,839,380$19,635,691$33,771,016
84$41,391,560$23,898,260$20,233,236$36,612,921
85$45,551,351$25,007,126$20,848,901$39,720,827
86$50,133,483$26,168,369$21,483,234$43,120,871
87$55,180,973$27,384,494$22,136,797$46,841,812
88$60,741,223$28,658,126$22,810,171$50,915,300
89$66,866,471$29,992,017$23,503,955$55,376,163
90$73,614,278$31,389,053$24,218,764$60,262,734
91$81,048,076$32,852,257$24,955,234$65,617,202
92$89,237,762$34,384,800$25,714,017$71,486,007
93$98,260,364$35,990,006$26,495,787$77,920,269
94$108,200,763$37,671,358$27,301,237$84,976,263
95$119,152,494$39,432,508$28,131,082$92,715,943
96$131,218,632$41,277,285$28,986,057$101,207,516
97$144,512,763$43,209,702$29,866,920$110,526,079
98$159,160,055$45,233,967$30,774,452$120,754,321
99$175,298,441$47,354,492$31,709,457$131,983,287
100$193,079,920$49,575,900$32,672,762$144,313,235