Can I retire at age 74 with 14,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,149,311
2 years$605,035$593,767$582,846$572,257$561,987$531,105
3 years$399,350$388,033$377,140$366,651$356,548$326,611
4 years$296,528$285,245$274,461$264,151$254,293$225,532
5 years$234,850$223,636$212,993$202,894$193,309$165,804
6 years$193,746$182,615$172,130$162,256$152,959$126,736
7 years$164,396$153,360$143,041$133,399$124,397$99,458
8 years$142,395$131,458$121,310$111,905$103,199$79,532
9 years$125,291$114,458$104,484$95,319$86,909$64,492
10 years$111,617$100,889$91,092$82,165$74,050$52,858
11 years$100,435$89,816$80,196$71,509$63,686$43,684
12 years$91,125$80,614$71,172$62,723$55,189$36,343
13 years$83,252$72,851$63,587$55,375$48,126$30,397
14 years$76,510$66,220$57,133$49,155$42,187$25,534
15 years$70,673$60,493$51,584$43,838$37,144$21,525
16 years$65,570$55,501$46,768$39,252$32,828$18,200
17 years$61,072$51,114$42,557$35,268$29,108$15,426
18 years$57,078$47,232$38,849$31,783$25,881$13,101
19 years$53,509$43,774$35,565$28,719$23,069$11,146
20 years$50,301$40,677$32,639$26,011$20,605$9,497
21 years$47,402$37,889$30,022$23,606$18,439$8,101
22 years$44,770$35,368$27,670$21,463$16,528$6,918
23 years$42,370$33,079$25,548$19,547$14,837$5,913
24 years$40,174$30,993$23,628$17,828$13,336$5,057
25 years$38,157$29,085$21,884$16,282$12,000$4,328
26 years$36,298$27,336$20,296$14,887$10,809$3,706
27 years$34,579$25,726$18,847$13,627$9,745$3,175
28 years$32,986$24,241$17,521$12,485$8,793$2,722
29 years$31,506$22,869$16,305$11,449$7,940$2,333
30 years$30,126$21,597$15,187$10,507$7,175$2,001
31 years$28,839$20,417$14,158$9,650$6,486$1,717
32 years$27,634$19,318$13,210$8,869$5,867$1,473
33 years$26,505$18,295$12,334$8,155$5,310$1,264
34 years$25,444$17,339$11,524$7,504$4,808$1,085
35 years$24,446$16,446$10,775$6,908$4,354$931
36 years$23,506$15,610$10,079$6,362$3,945$799
37 years$22,618$14,826$9,434$5,861$3,576$686
38 years$21,780$14,090$8,835$5,403$3,242$589
39 years$20,986$13,398$8,277$4,982$2,940$506
40 years$20,234$12,747$7,758$4,595$2,666$435
41 years$19,520$12,134$7,275$4,239$2,419$373
42 years$18,843$11,556$6,824$3,912$2,195$321
43 years$18,198$11,010$6,403$3,612$1,992$275
44 years$17,585$10,495$6,011$3,335$1,808$237
45 years$17,000$10,008$5,644$3,080$1,642$203
46 years$16,442$9,547$5,301$2,845$1,491$175
47 years$15,910$9,111$4,980$2,628$1,353$150
48 years$15,402$8,698$4,680$2,429$1,229$129
49 years$14,915$8,306$4,399$2,244$1,116$111
50 years$14,450$7,934$4,135$2,075$1,014$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,800,000, adding $2,150 every year, while hoping to spend $49,955 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: 60/33/7 Blend
73$14,800,000$14,800,000$14,800,000$14,800,000
74$16,311,818$15,527,418$15,298,018$17,267,058
75$17,922,471$16,235,109$15,757,350$18,614,648
76$19,695,737$16,975,804$16,230,395$20,077,894
77$21,648,150$17,751,065$16,717,560$21,672,583
78$23,797,926$18,562,533$17,219,264$23,411,359
79$26,165,143$19,411,925$17,735,937$25,308,122
80$28,771,920$20,301,042$18,268,024$27,378,153
81$31,642,633$21,231,770$18,815,980$29,638,257
82$34,804,143$22,206,088$19,380,276$32,106,911
83$38,286,046$23,226,067$19,961,396$34,804,438
84$42,120,957$24,293,879$20,559,837$37,753,192
85$46,344,816$25,411,800$21,176,113$40,977,759
86$50,997,226$26,582,217$21,810,751$44,505,190
87$56,121,827$27,807,629$22,464,295$48,365,245
88$61,766,707$29,090,657$23,137,303$52,590,669
89$67,984,860$30,434,047$23,830,351$57,217,491
90$74,834,679$31,840,680$24,544,032$62,285,363
91$82,380,514$33,313,571$25,278,954$67,837,920
92$90,693,274$34,855,884$26,035,747$73,923,189
93$99,851,100$36,470,933$26,815,056$80,594,030
94$109,940,097$38,162,194$27,617,545$87,908,628
95$121,055,154$39,933,308$28,443,900$95,931,033
96$133,300,833$41,788,094$29,294,825$104,731,756
97$146,792,360$43,730,553$30,171,044$114,388,421
98$161,656,711$45,764,880$31,073,304$124,986,491
99$178,033,809$47,895,473$32,002,372$136,620,061
100$196,077,846$50,126,939$32,959,041$149,392,736