Can I retire at age 74 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,171,359
2 years$609,123$597,778$586,784$576,124$565,784$548,903
3 years$402,048$390,655$379,688$369,128$358,957$342,507
4 years$298,531$287,173$276,316$265,936$256,011$240,120
5 years$236,437$225,147$214,432$204,264$194,615$179,329
6 years$195,055$183,849$173,293$163,352$153,993$139,328
7 years$165,507$154,396$144,007$134,301$125,237$111,201
8 years$143,357$132,346$122,130$112,661$103,896$90,485
9 years$126,138$115,231$105,190$95,963$87,496$74,704
10 years$112,371$101,571$91,707$82,721$74,551$62,369
11 years$101,114$90,422$80,738$71,992$64,116$52,533
12 years$91,740$81,158$71,653$63,146$55,562$44,563
13 years$83,815$73,343$64,017$55,749$48,451$38,021
14 years$77,027$66,667$57,519$49,488$42,472$32,596
15 years$71,150$60,902$51,932$44,134$37,395$28,055
16 years$66,013$55,876$47,084$39,517$33,050$24,229
17 years$61,484$51,460$42,845$35,506$29,305$20,983
18 years$57,464$47,551$39,112$31,998$26,056$18,216
19 years$53,870$44,070$35,805$28,913$23,225$15,846
20 years$50,640$40,952$32,860$26,186$20,745$13,809
21 years$47,722$38,145$30,225$23,766$18,564$12,052
22 years$45,072$35,607$27,857$21,609$16,640$10,532
23 years$42,657$33,303$25,721$19,679$14,937$9,214
24 years$40,446$31,202$23,787$17,949$13,426$8,070
25 years$38,415$29,282$22,032$16,392$12,081$7,073
26 years$36,543$27,520$20,434$14,988$10,882$6,204
27 years$34,813$25,900$18,974$13,719$9,811$5,446
28 years$33,209$24,405$17,639$12,569$8,853$4,783
29 years$31,718$23,023$16,415$11,526$7,994$4,202
30 years$30,330$21,743$15,290$10,578$7,223$3,694
31 years$29,034$20,555$14,254$9,715$6,530$3,249
32 years$27,821$19,449$13,299$8,929$5,907$2,858
33 years$26,684$18,418$12,418$8,211$5,346$2,515
34 years$25,616$17,456$11,602$7,554$4,840$2,213
35 years$24,611$16,557$10,847$6,954$4,384$1,948
36 years$23,665$15,715$10,147$6,405$3,972$1,716
37 years$22,771$14,926$9,498$5,901$3,600$1,511
38 years$21,927$14,185$8,894$5,439$3,264$1,331
39 years$21,128$13,488$8,333$5,015$2,960$1,173
40 years$20,371$12,833$7,811$4,626$2,685$1,033
41 years$19,652$12,216$7,324$4,268$2,435$910
42 years$18,970$11,634$6,870$3,939$2,210$802
43 years$18,321$11,085$6,447$3,636$2,006$707
44 years$17,703$10,566$6,051$3,357$1,821$623
45 years$17,115$10,076$5,682$3,100$1,653$549
46 years$16,553$9,612$5,337$2,864$1,501$484
47 years$16,018$9,173$5,014$2,646$1,363$427
48 years$15,506$8,757$4,711$2,445$1,237$376
49 years$15,016$8,362$4,428$2,260$1,124$332
50 years$14,548$7,988$4,163$2,089$1,021$292

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,900,000, adding $6,486 every year, while hoping to spend $47,454 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: 58/30/12 Blend
73$14,900,000$14,900,000$14,900,000$14,900,000
74$16,426,490$15,636,790$15,405,840$17,330,165
75$18,051,502$16,352,502$15,871,445$18,656,239
76$19,840,674$17,101,694$16,351,058$20,095,182
77$21,810,701$17,885,955$16,845,096$21,662,550
78$23,979,978$18,706,953$17,353,993$23,370,679
79$26,368,777$19,566,434$17,878,192$25,233,129
80$28,999,432$20,466,229$18,418,152$27,264,810
81$31,896,557$21,408,257$18,974,343$29,482,116
82$35,087,272$22,394,529$19,547,250$31,903,075
83$38,601,465$23,427,152$20,137,374$34,547,514
84$42,472,067$24,508,335$20,745,229$37,437,241
85$46,735,368$25,640,393$21,371,344$40,596,246
86$51,431,357$26,825,754$22,016,265$44,050,919
87$56,604,099$28,066,960$22,680,554$47,830,296
88$62,302,154$29,366,678$23,364,789$51,966,324
89$68,579,030$30,727,701$24,069,566$56,494,158
90$75,493,692$32,152,960$24,795,498$61,452,484
91$83,111,118$33,645,524$25,543,216$66,883,877
92$91,502,908$35,208,611$26,313,370$72,835,195
93$100,747,966$36,845,594$27,106,629$79,358,015
94$110,933,241$38,560,010$27,923,683$86,509,109
95$122,154,546$40,355,566$28,765,242$94,350,973
96$134,517,468$42,236,146$29,632,035$102,952,407
97$148,138,357$44,205,825$30,524,815$112,389,152
98$163,145,430$46,268,871$31,444,357$122,744,600
99$179,679,978$48,429,760$32,391,458$134,110,566
100$197,897,703$50,693,185$33,366,939$146,588,147