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%18.8%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,145,990
2 years$609,123$597,778$586,784$576,124$565,784$523,762
3 years$402,048$390,655$379,688$369,128$358,957$318,389
4 years$298,531$287,173$276,316$265,936$256,011$217,207
5 years$236,437$225,147$214,432$204,264$194,615$157,678
6 years$195,055$183,849$173,293$163,352$153,993$118,949
7 years$165,507$154,396$144,007$134,301$125,237$92,081
8 years$143,357$132,346$122,130$112,661$103,896$72,599
9 years$126,138$115,231$105,190$95,963$87,496$58,016
10 years$112,371$101,571$91,707$82,721$74,551$46,839
11 years$101,114$90,422$80,738$71,992$64,116$38,116
12 years$91,740$81,158$71,653$63,146$55,562$31,210
13 years$83,815$73,343$64,017$55,749$48,451$25,682
14 years$77,027$66,667$57,519$49,488$42,472$21,218
15 years$71,150$60,902$51,932$44,134$37,395$17,586
16 years$66,013$55,876$47,084$39,517$33,050$14,614
17 years$61,484$51,460$42,845$35,506$29,305$12,171
18 years$57,464$47,551$39,112$31,998$26,056$10,154
19 years$53,870$44,070$35,805$28,913$23,225$8,484
20 years$50,640$40,952$32,860$26,186$20,745$7,097
21 years$47,722$38,145$30,225$23,766$18,564$5,943
22 years$45,072$35,607$27,857$21,609$16,640$4,981
23 years$42,657$33,303$25,721$19,679$14,937$4,177
24 years$40,446$31,202$23,787$17,949$13,426$3,506
25 years$38,415$29,282$22,032$16,392$12,081$2,943
26 years$36,543$27,520$20,434$14,988$10,882$2,472
27 years$34,813$25,900$18,974$13,719$9,811$2,077
28 years$33,209$24,405$17,639$12,569$8,853$1,746
29 years$31,718$23,023$16,415$11,526$7,994$1,468
30 years$30,330$21,743$15,290$10,578$7,223$1,234
31 years$29,034$20,555$14,254$9,715$6,530$1,038
32 years$27,821$19,449$13,299$8,929$5,907$873
33 years$26,684$18,418$12,418$8,211$5,346$734
34 years$25,616$17,456$11,602$7,554$4,840$618
35 years$24,611$16,557$10,847$6,954$4,384$520
36 years$23,665$15,715$10,147$6,405$3,972$437
37 years$22,771$14,926$9,498$5,901$3,600$368
38 years$21,927$14,185$8,894$5,439$3,264$310
39 years$21,128$13,488$8,333$5,015$2,960$261
40 years$20,371$12,833$7,811$4,626$2,685$219
41 years$19,652$12,216$7,324$4,268$2,435$185
42 years$18,970$11,634$6,870$3,939$2,210$155
43 years$18,321$11,085$6,447$3,636$2,006$131
44 years$17,703$10,566$6,051$3,357$1,821$110
45 years$17,115$10,076$5,682$3,100$1,653$93
46 years$16,553$9,612$5,337$2,864$1,501$78
47 years$16,018$9,173$5,014$2,646$1,363$66
48 years$15,506$8,757$4,711$2,445$1,237$55
49 years$15,016$8,362$4,428$2,260$1,124$46
50 years$14,548$7,988$4,163$2,089$1,021$39

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 $4,513 every year, while hoping to spend $44,182 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: 54/38/8 Blend
73$14,900,000$14,900,000$14,900,000$14,900,000
74$16,424,455$15,634,755$15,403,805$17,279,422
75$18,052,740$16,353,849$15,872,823$18,577,752
76$19,845,630$17,106,697$16,356,073$19,984,833
77$21,819,866$17,894,908$16,853,984$21,515,142
78$23,993,900$18,720,165$17,366,999$23,180,366
79$26,388,059$19,584,235$17,895,575$24,993,345
80$29,024,747$20,488,968$18,440,182$26,968,186
81$31,928,647$21,436,304$19,001,305$29,120,391
82$35,126,961$22,428,275$19,579,441$31,467,001
83$38,649,664$23,467,013$20,175,105$34,026,742
84$42,529,785$24,554,752$20,788,826$36,820,206
85$46,803,720$25,693,832$21,421,149$39,870,030
86$51,511,578$26,886,708$22,072,635$43,201,105
87$56,697,554$28,135,952$22,743,864$46,840,806
88$62,410,351$29,444,260$23,435,430$50,819,238
89$68,703,638$30,814,460$24,147,948$55,169,516
90$75,636,553$32,249,513$24,882,049$59,928,066
91$83,274,269$33,752,526$25,638,384$65,134,963
92$91,688,599$35,326,754$26,417,625$70,834,295
93$100,958,681$36,975,611$27,220,461$77,074,573
94$111,171,725$38,702,674$28,047,604$83,909,178
95$122,423,829$40,511,693$28,899,787$91,396,854
96$134,820,895$42,406,601$29,777,765$99,602,250
97$148,479,621$44,391,520$30,682,315$108,596,518
98$163,528,608$46,470,769$31,614,238$118,457,975
99$180,109,569$48,648,880$32,574,358$129,272,825
100$198,378,671$50,930,601$33,563,525$141,135,965