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%13.9%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,153,254
2 years$600,947$589,755$578,908$568,391$558,190$539,156
3 years$396,652$385,411$374,592$364,174$354,139$335,607
4 years$294,524$283,318$272,607$262,367$252,575$234,689
5 years$233,263$222,125$211,554$201,523$192,003$174,815
6 years$192,436$181,382$170,967$161,159$151,926$135,454
7 years$163,286$152,324$142,074$132,498$123,556$107,807
8 years$141,433$130,570$120,490$111,149$102,502$87,471
9 years$124,445$113,684$103,778$94,674$86,321$72,002
10 years$110,862$100,207$90,476$81,610$73,550$59,930
11 years$99,757$89,209$79,654$71,025$63,256$50,320
12 years$90,509$80,069$70,691$62,299$54,816$42,549
13 years$82,690$72,359$63,158$55,001$47,801$36,185
14 years$75,993$65,772$56,747$48,823$41,902$30,917
15 years$70,195$60,084$51,235$43,542$36,894$26,520
16 years$65,127$55,126$46,452$38,987$32,607$22,823
17 years$60,659$50,769$42,270$35,029$28,911$19,695
18 years$56,692$46,913$38,587$31,569$25,707$17,036
19 years$53,147$43,478$35,324$28,525$22,913$14,766
20 years$49,961$40,402$32,419$25,835$20,466$12,820
21 years$47,081$37,633$29,819$23,447$18,315$11,146
22 years$44,467$35,129$27,483$21,318$16,417$9,704
23 years$42,084$32,856$25,376$19,415$14,737$8,457
24 years$39,903$30,784$23,468$17,708$13,246$7,378
25 years$37,899$28,889$21,736$16,172$11,919$6,441
26 years$36,052$27,151$20,159$14,787$10,736$5,627
27 years$34,345$25,552$18,720$13,535$9,680$4,920
28 years$32,763$24,078$17,402$12,401$8,734$4,303
29 years$31,293$22,714$16,194$11,372$7,887$3,766
30 years$29,923$21,451$15,084$10,436$7,126$3,297
31 years$28,644$20,279$14,063$9,585$6,443$2,887
32 years$27,447$19,188$13,121$8,809$5,828$2,529
33 years$26,326$18,171$12,251$8,100$5,274$2,216
34 years$25,272$17,222$11,447$7,453$4,775$1,943
35 years$24,281$16,335$10,702$6,861$4,325$1,703
36 years$23,347$15,504$10,011$6,319$3,919$1,493
37 years$22,466$14,725$9,370$5,822$3,552$1,309
38 years$21,633$13,994$8,775$5,366$3,220$1,149
39 years$20,844$13,307$8,221$4,948$2,920$1,007
40 years$20,097$12,661$7,706$4,564$2,648$884
41 years$19,388$12,052$7,225$4,211$2,403$775
42 years$18,715$11,478$6,778$3,886$2,180$680
43 years$18,075$10,936$6,360$3,587$1,979$597
44 years$17,466$10,424$5,970$3,312$1,796$524
45 years$16,885$9,941$5,606$3,059$1,631$460
46 years$16,331$9,483$5,265$2,825$1,480$404
47 years$15,803$9,050$4,946$2,610$1,344$354
48 years$15,298$8,639$4,648$2,412$1,221$311
49 years$14,815$8,250$4,369$2,229$1,109$273
50 years$14,352$7,881$4,107$2,060$1,007$240

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 $5,158 every year, while hoping to spend $28,467 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: 85/5/10 Blend
73$14,700,000$14,700,000$14,700,000$14,700,000
74$16,204,720$15,425,620$15,197,770$17,558,233
75$17,827,313$16,151,187$15,676,607$19,168,953
76$19,614,456$16,911,353$16,170,531$20,933,976
77$21,582,904$17,707,782$16,680,017$22,872,340
78$23,751,118$18,542,221$17,205,555$25,001,481
79$26,139,443$19,416,501$17,747,652$27,340,604
80$28,770,297$20,332,540$18,306,829$29,910,861
81$31,668,384$21,292,351$18,883,624$32,735,556
82$34,860,927$22,298,044$19,478,593$35,840,356
83$38,377,923$23,351,830$20,092,308$39,253,535
84$42,252,430$24,456,029$20,725,359$43,006,240
85$46,520,876$25,613,072$21,378,357$47,132,784
86$51,223,402$26,825,509$22,051,929$51,670,966
87$56,404,244$28,096,014$22,746,723$56,662,430
88$62,112,148$29,427,389$23,463,409$62,153,051
89$68,400,829$30,822,574$24,202,676$68,193,372
90$75,329,484$32,284,650$24,965,235$74,839,076
91$82,963,342$33,816,849$25,751,821$82,151,508
92$91,374,286$35,422,558$26,563,191$90,198,259
93$100,641,530$37,105,330$27,400,125$99,053,795
94$110,852,366$38,868,891$28,263,428$108,800,160
95$122,102,987$40,717,146$29,153,933$119,527,751
96$134,499,397$42,654,192$30,072,495$131,336,164
97$148,158,411$44,684,323$31,020,000$144,335,137
98$163,208,757$46,812,043$31,997,358$158,645,579
99$179,792,292$49,042,074$33,005,510$174,400,714
100$198,065,338$51,379,368$34,045,427$191,747,328