Can I retire at age 74 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,185,612
2 years$617,299$605,802$594,660$583,857$573,379$554,802
3 years$407,445$395,899$384,785$374,083$363,775$345,683
4 years$302,538$291,027$280,025$269,506$259,447$241,979
5 years$239,611$228,169$217,311$207,006$197,228$180,434
6 years$197,673$186,317$175,619$165,545$156,060$139,959
7 years$167,729$156,469$145,940$136,103$126,918$111,517
8 years$145,281$134,123$123,769$114,174$105,291$90,586
9 years$127,831$116,778$106,602$97,251$88,670$74,655
10 years$113,879$102,934$92,938$83,831$75,551$62,214
11 years$102,471$91,636$81,821$72,958$64,977$52,304
12 years$92,972$82,248$72,614$63,994$56,307$44,283
13 years$84,940$74,328$64,876$56,497$49,101$37,709
14 years$78,061$67,562$58,292$50,152$43,042$32,263
15 years$72,105$61,719$52,629$44,727$37,897$27,712
16 years$66,899$56,626$47,716$40,048$33,494$23,882
17 years$62,310$52,150$43,420$35,983$29,698$20,639
18 years$58,235$48,189$39,637$32,428$26,406$17,878
19 years$54,593$44,661$36,286$29,301$23,536$15,518
20 years$51,320$41,502$33,301$26,538$21,023$13,493
21 years$48,362$38,657$30,631$24,085$18,813$11,750
22 years$45,677$36,085$28,231$21,899$16,863$10,245
23 years$43,229$33,750$26,066$19,943$15,138$8,942
24 years$40,988$31,621$24,107$18,190$13,606$7,813
25 years$38,930$29,675$22,328$16,612$12,243$6,832
26 years$37,033$27,890$20,708$15,189$11,028$5,978
27 years$35,280$26,247$19,229$13,903$9,943$5,235
28 years$33,655$24,733$17,876$12,738$8,972$4,586
29 years$32,144$23,333$16,635$11,681$8,101$4,020
30 years$30,737$22,035$15,495$10,720$7,320$3,525
31 years$29,423$20,830$14,445$9,846$6,618$3,092
32 years$28,194$19,710$13,478$9,048$5,986$2,713
33 years$27,042$18,666$12,584$8,321$5,418$2,382
34 years$25,960$17,691$11,758$7,656$4,905$2,091
35 years$24,942$16,779$10,993$7,048$4,443$1,836
36 years$23,982$15,926$10,284$6,491$4,025$1,613
37 years$23,077$15,126$9,625$5,980$3,648$1,417
38 years$22,221$14,375$9,014$5,512$3,308$1,245
39 years$21,411$13,669$8,445$5,083$2,999$1,094
40 years$20,644$13,005$7,915$4,688$2,721$961
41 years$19,916$12,380$7,422$4,325$2,468$845
42 years$19,225$11,790$6,962$3,992$2,240$743
43 years$18,567$11,234$6,533$3,685$2,033$653
44 years$17,941$10,708$6,132$3,402$1,845$574
45 years$17,345$10,211$5,758$3,142$1,675$504
46 years$16,776$9,741$5,408$2,902$1,521$443
47 years$16,233$9,296$5,081$2,681$1,381$390
48 years$15,714$8,874$4,775$2,478$1,254$343
49 years$15,218$8,474$4,488$2,290$1,139$301
50 years$14,743$8,095$4,219$2,117$1,035$265

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $15,100,000, adding $5,798 every year, while hoping to spend $58,401 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: 54/35/11 Blend
73$15,100,000$15,100,000$15,100,000$15,100,000
74$16,646,181$15,845,881$15,611,831$17,498,001
75$18,281,953$16,560,191$16,072,689$18,791,239
76$20,082,616$17,307,544$16,547,028$20,191,243
77$22,064,929$18,089,499$17,035,239$21,713,628
78$24,247,354$18,907,688$17,537,722$23,370,026
79$26,650,239$19,763,819$18,054,891$25,173,221
80$29,296,002$20,659,685$18,587,168$27,137,259
81$32,209,347$21,597,163$19,134,992$29,277,580
82$35,417,496$22,578,219$19,698,809$31,611,157
83$38,950,444$23,604,915$20,279,083$34,156,648
84$42,841,244$24,679,411$20,876,287$36,934,570
85$47,126,319$25,803,969$21,490,910$39,967,484
86$51,845,801$26,980,962$22,123,453$43,280,200
87$57,043,918$28,212,874$22,774,434$46,900,007
88$62,769,403$29,502,310$23,444,383$50,856,924
89$69,075,958$30,851,999$24,133,845$55,183,971
90$76,022,760$32,264,801$24,843,384$59,917,477
91$83,675,019$33,743,714$25,573,574$65,097,415
92$92,104,593$35,291,878$26,325,012$70,767,766
93$101,390,668$36,912,587$27,098,306$76,976,930
94$111,620,502$38,609,289$27,894,084$83,778,171
95$122,890,250$40,385,601$28,712,993$91,230,111
96$135,305,873$42,245,313$29,555,696$99,397,273
97$148,984,135$44,192,397$30,422,875$108,350,675
98$164,053,708$46,231,015$31,315,232$118,168,496
99$180,656,382$48,365,531$32,233,489$128,936,799
100$198,948,409$50,600,518$33,178,386$140,750,327