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%19.9%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,125,690
2 years$600,947$589,755$578,908$568,391$558,190$511,910
3 years$396,652$385,411$374,592$364,174$354,139$309,545
4 years$294,524$283,318$272,607$262,367$252,575$210,006
5 years$233,263$222,125$211,554$201,523$192,003$151,568
6 years$192,436$181,382$170,967$161,159$151,926$113,649
7 years$163,286$152,324$142,074$132,498$123,556$87,425
8 years$141,433$130,570$120,490$111,149$102,502$68,479
9 years$124,445$113,684$103,778$94,674$86,321$54,356
10 years$110,862$100,207$90,476$81,610$73,550$43,579
11 years$99,757$89,209$79,654$71,025$63,256$35,210
12 years$90,509$80,069$70,691$62,299$54,816$28,619
13 years$82,690$72,359$63,158$55,001$47,801$23,374
14 years$75,993$65,772$56,747$48,823$41,902$19,162
15 years$70,195$60,084$51,235$43,542$36,894$15,758
16 years$65,127$55,126$46,452$38,987$32,607$12,991
17 years$60,659$50,769$42,270$35,029$28,911$10,732
18 years$56,692$46,913$38,587$31,569$25,707$8,880
19 years$53,147$43,478$35,324$28,525$22,913$7,358
20 years$49,961$40,402$32,419$25,835$20,466$6,103
21 years$47,081$37,633$29,819$23,447$18,315$5,067
22 years$44,467$35,129$27,483$21,318$16,417$4,211
23 years$42,084$32,856$25,376$19,415$14,737$3,501
24 years$39,903$30,784$23,468$17,708$13,246$2,912
25 years$37,899$28,889$21,736$16,172$11,919$2,424
26 years$36,052$27,151$20,159$14,787$10,736$2,018
27 years$34,345$25,552$18,720$13,535$9,680$1,680
28 years$32,763$24,078$17,402$12,401$8,734$1,400
29 years$31,293$22,714$16,194$11,372$7,887$1,166
30 years$29,923$21,451$15,084$10,436$7,126$972
31 years$28,644$20,279$14,063$9,585$6,443$810
32 years$27,447$19,188$13,121$8,809$5,828$675
33 years$26,326$18,171$12,251$8,100$5,274$563
34 years$25,272$17,222$11,447$7,453$4,775$469
35 years$24,281$16,335$10,702$6,861$4,325$391
36 years$23,347$15,504$10,011$6,319$3,919$326
37 years$22,466$14,725$9,370$5,822$3,552$272
38 years$21,633$13,994$8,775$5,366$3,220$227
39 years$20,844$13,307$8,221$4,948$2,920$189
40 years$20,097$12,661$7,706$4,564$2,648$158
41 years$19,388$12,052$7,225$4,211$2,403$132
42 years$18,715$11,478$6,778$3,886$2,180$110
43 years$18,075$10,936$6,360$3,587$1,979$91
44 years$17,466$10,424$5,970$3,312$1,796$76
45 years$16,885$9,941$5,606$3,059$1,631$64
46 years$16,331$9,483$5,265$2,825$1,480$53
47 years$15,803$9,050$4,946$2,610$1,344$44
48 years$15,298$8,639$4,648$2,412$1,221$37
49 years$14,815$8,250$4,369$2,229$1,109$31
50 years$14,352$7,881$4,107$2,060$1,007$26

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 $6,221 every year, while hoping to spend $35,846 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: 55/32/13 Blend
73$14,700,000$14,700,000$14,700,000$14,700,000
74$16,205,817$15,426,717$15,198,867$17,042,341
75$17,820,670$16,144,486$15,669,889$18,328,721
76$19,599,038$16,896,225$16,155,489$19,724,267
77$21,557,559$17,683,559$16,656,118$21,242,976
78$23,714,571$18,508,195$17,172,239$22,896,595
79$26,090,280$19,371,919$17,704,331$24,698,037
80$28,706,951$20,276,606$18,252,889$26,661,492
81$31,589,120$21,224,219$18,818,420$28,802,558
82$34,763,822$22,216,818$19,401,450$31,138,384
83$38,260,852$23,256,562$20,002,518$33,687,825
84$42,113,039$24,345,714$20,622,183$36,471,614
85$46,356,561$25,486,645$21,261,018$39,512,552
86$51,031,284$26,681,845$21,919,615$42,835,717
87$56,181,138$27,933,919$22,598,586$46,468,692
88$61,854,535$29,245,601$23,298,559$50,441,821
89$68,104,820$30,619,759$24,020,184$54,788,486
90$74,990,780$32,059,395$24,764,128$59,545,418
91$82,577,194$33,567,660$25,531,081$64,753,027
92$90,935,450$35,147,857$26,321,754$70,455,788
93$100,144,212$36,803,448$27,136,879$76,702,638
94$110,290,168$38,538,064$27,977,211$83,547,441
95$121,468,846$40,355,509$28,843,528$91,049,477
96$133,785,515$42,259,776$29,736,633$99,273,997
97$147,356,180$44,255,048$30,657,353$108,292,829
98$162,308,676$46,345,711$31,606,540$118,185,039
99$178,783,875$48,536,364$32,585,073$129,037,673
100$196,937,015$50,831,831$33,593,858$140,946,562