Can I retire at age 74 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,126,580
2 years$600,947$589,755$578,908$568,391$558,190$512,781
3 years$396,652$385,411$374,592$364,174$354,139$310,369
4 years$294,524$283,318$272,607$262,367$252,575$210,777
5 years$233,263$222,125$211,554$201,523$192,003$152,285
6 years$192,436$181,382$170,967$161,159$151,926$114,313
7 years$163,286$152,324$142,074$132,498$123,556$88,037
8 years$141,433$130,570$120,490$111,149$102,502$69,041
9 years$124,445$113,684$103,778$94,674$86,321$54,869
10 years$110,862$100,207$90,476$81,610$73,550$44,047
11 years$99,757$89,209$79,654$71,025$63,256$35,634
12 years$90,509$80,069$70,691$62,299$54,816$29,003
13 years$82,690$72,359$63,158$55,001$47,801$23,719
14 years$75,993$65,772$56,747$48,823$41,902$19,473
15 years$70,195$60,084$51,235$43,542$36,894$16,037
16 years$65,127$55,126$46,452$38,987$32,607$13,240
17 years$60,659$50,769$42,270$35,029$28,911$10,953
18 years$56,692$46,913$38,587$31,569$25,707$9,077
19 years$53,147$43,478$35,324$28,525$22,913$7,532
20 years$49,961$40,402$32,419$25,835$20,466$6,258
21 years$47,081$37,633$29,819$23,447$18,315$5,204
22 years$44,467$35,129$27,483$21,318$16,417$4,331
23 years$42,084$32,856$25,376$19,415$14,737$3,606
24 years$39,903$30,784$23,468$17,708$13,246$3,005
25 years$37,899$28,889$21,736$16,172$11,919$2,505
26 years$36,052$27,151$20,159$14,787$10,736$2,089
27 years$34,345$25,552$18,720$13,535$9,680$1,742
28 years$32,763$24,078$17,402$12,401$8,734$1,454
29 years$31,293$22,714$16,194$11,372$7,887$1,213
30 years$29,923$21,451$15,084$10,436$7,126$1,012
31 years$28,644$20,279$14,063$9,585$6,443$845
32 years$27,447$19,188$13,121$8,809$5,828$706
33 years$26,326$18,171$12,251$8,100$5,274$589
34 years$25,272$17,222$11,447$7,453$4,775$492
35 years$24,281$16,335$10,702$6,861$4,325$411
36 years$23,347$15,504$10,011$6,319$3,919$343
37 years$22,466$14,725$9,370$5,822$3,552$287
38 years$21,633$13,994$8,775$5,366$3,220$239
39 years$20,844$13,307$8,221$4,948$2,920$200
40 years$20,097$12,661$7,706$4,564$2,648$167
41 years$19,388$12,052$7,225$4,211$2,403$140
42 years$18,715$11,478$6,778$3,886$2,180$117
43 years$18,075$10,936$6,360$3,587$1,979$97
44 years$17,466$10,424$5,970$3,312$1,796$81
45 years$16,885$9,941$5,606$3,059$1,631$68
46 years$16,331$9,483$5,265$2,825$1,480$57
47 years$15,803$9,050$4,946$2,610$1,344$47
48 years$15,298$8,639$4,648$2,412$1,221$40
49 years$14,815$8,250$4,369$2,229$1,109$33
50 years$14,352$7,881$4,107$2,060$1,007$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,700,000, adding $3,071 every year, while hoping to spend $30,941 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: 64/7/29 Blend
73$14,700,000$14,700,000$14,700,000$14,700,000
74$16,202,568$15,423,468$15,195,618$17,113,998
75$17,822,309$16,146,297$15,671,750$18,454,981
76$19,606,226$16,903,507$16,162,796$19,915,999
77$21,571,034$17,696,751$16,669,222$21,511,854
78$23,735,148$18,527,761$17,191,509$23,255,805
79$26,118,864$19,398,352$17,730,156$25,162,450
80$28,744,545$20,310,428$18,285,673$27,247,853
81$31,636,834$21,265,985$18,858,589$29,529,700
82$34,822,888$22,267,115$19,449,448$32,027,460
83$38,332,631$23,316,012$20,058,813$34,762,569
84$42,199,039$24,414,976$20,687,263$37,758,626
85$46,458,449$25,566,418$21,335,394$41,041,615
86$51,150,905$26,772,867$22,003,824$44,640,150
87$56,320,533$28,036,973$22,693,188$48,585,735
88$62,015,959$29,361,516$23,404,141$52,913,068
89$68,290,766$30,749,410$24,137,359$57,660,355
90$75,204,002$32,203,709$24,893,539$62,869,675
91$82,820,737$33,727,618$25,673,399$68,587,372
92$91,212,676$35,324,495$26,477,682$74,864,487
93$100,458,836$36,997,862$27,307,151$81,757,235
94$110,646,291$38,751,411$28,162,595$89,327,539
95$121,870,998$40,589,016$29,044,827$97,643,600
96$134,238,697$42,514,734$29,954,686$106,780,546
97$147,865,912$44,532,824$30,893,035$116,821,130
98$162,881,051$46,647,748$31,860,768$127,856,511
99$179,425,618$48,864,188$32,858,804$139,987,108
100$197,655,548$51,187,050$33,888,090$153,323,545