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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,154,457
2 years$605,035$593,767$582,846$572,257$561,987$536,209
3 years$399,350$388,033$377,140$366,651$356,548$331,511
4 years$296,528$285,245$274,461$264,151$254,293$230,191
5 years$234,850$223,636$212,993$202,894$193,309$170,210
6 years$193,746$182,615$172,130$162,256$152,959$130,887
7 years$164,396$153,360$143,041$133,399$124,397$103,355
8 years$142,395$131,458$121,310$111,905$103,199$83,182
9 years$125,291$114,458$104,484$95,319$86,909$67,900
10 years$111,617$100,889$91,092$82,165$74,050$56,032
11 years$100,435$89,816$80,196$71,509$63,686$46,634
12 years$91,125$80,614$71,172$62,723$55,189$39,076
13 years$83,252$72,851$63,587$55,375$48,126$32,925
14 years$76,510$66,220$57,133$49,155$42,187$27,866
15 years$70,673$60,493$51,584$43,838$37,144$23,673
16 years$65,570$55,501$46,768$39,252$32,828$20,173
17 years$61,072$51,114$42,557$35,268$29,108$17,235
18 years$57,078$47,232$38,849$31,783$25,881$14,757
19 years$53,509$43,774$35,565$28,719$23,069$12,658
20 years$50,301$40,677$32,639$26,011$20,605$10,875
21 years$47,402$37,889$30,022$23,606$18,439$9,356
22 years$44,770$35,368$27,670$21,463$16,528$8,057
23 years$42,370$33,079$25,548$19,547$14,837$6,946
24 years$40,174$30,993$23,628$17,828$13,336$5,993
25 years$38,157$29,085$21,884$16,282$12,000$5,175
26 years$36,298$27,336$20,296$14,887$10,809$4,471
27 years$34,579$25,726$18,847$13,627$9,745$3,864
28 years$32,986$24,241$17,521$12,485$8,793$3,342
29 years$31,506$22,869$16,305$11,449$7,940$2,891
30 years$30,126$21,597$15,187$10,507$7,175$2,502
31 years$28,839$20,417$14,158$9,650$6,486$2,166
32 years$27,634$19,318$13,210$8,869$5,867$1,876
33 years$26,505$18,295$12,334$8,155$5,310$1,624
34 years$25,444$17,339$11,524$7,504$4,808$1,407
35 years$24,446$16,446$10,775$6,908$4,354$1,219
36 years$23,506$15,610$10,079$6,362$3,945$1,056
37 years$22,618$14,826$9,434$5,861$3,576$915
38 years$21,780$14,090$8,835$5,403$3,242$793
39 years$20,986$13,398$8,277$4,982$2,940$688
40 years$20,234$12,747$7,758$4,595$2,666$596
41 years$19,520$12,134$7,275$4,239$2,419$517
42 years$18,843$11,556$6,824$3,912$2,195$448
43 years$18,198$11,010$6,403$3,612$1,992$388
44 years$17,585$10,495$6,011$3,335$1,808$337
45 years$17,000$10,008$5,644$3,080$1,642$292
46 years$16,442$9,547$5,301$2,845$1,491$253
47 years$15,910$9,111$4,980$2,628$1,353$220
48 years$15,402$8,698$4,680$2,429$1,229$190
49 years$14,915$8,306$4,399$2,244$1,116$165
50 years$14,450$7,934$4,135$2,075$1,014$143

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 $3,985 every year, while hoping to spend $49,296 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: 45/38/17 Blend
73$14,800,000$14,800,000$14,800,000$14,800,000
74$16,313,711$15,529,311$15,299,911$16,968,092
75$17,925,258$16,237,796$15,760,007$18,134,483
76$19,699,532$16,979,345$16,233,864$19,393,312
77$21,653,077$17,755,526$16,721,892$20,757,340
78$23,804,126$18,567,982$17,224,510$22,236,338
79$26,172,769$19,418,435$17,742,153$23,841,030
80$28,781,143$20,308,690$18,275,267$25,583,192
81$31,653,641$21,240,638$18,824,310$27,475,757
82$34,817,145$22,216,261$19,389,757$29,532,927
83$38,301,273$23,237,637$19,972,093$31,770,305
84$42,138,664$24,306,943$20,571,819$34,205,031
85$46,365,285$25,426,460$21,189,453$36,855,944
86$51,020,769$26,598,582$21,825,524$39,743,742
87$56,148,788$27,825,813$22,480,580$42,891,178
88$61,797,468$29,110,781$23,155,183$46,323,266
89$68,019,841$30,456,240$23,849,912$50,067,501
90$74,874,345$31,865,076$24,565,365$54,154,121
91$82,425,378$33,340,315$25,302,154$58,616,372
92$90,743,902$34,885,126$26,060,912$63,490,821
93$99,908,116$36,502,834$26,842,289$68,817,687
94$110,004,193$38,196,921$27,646,955$74,641,207
95$121,127,092$39,971,041$28,475,598$81,010,050
96$133,381,454$41,829,021$29,328,930$87,977,757
97$146,882,592$43,774,873$30,207,678$95,603,241
98$161,757,577$45,812,802$31,112,597$103,951,325
99$178,146,439$47,947,219$32,044,458$113,093,343
100$196,203,487$50,182,744$33,004,058$123,107,799