Can I retire at age 74 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,196,389
2 years$625,475$613,826$602,537$591,591$580,973$557,237
3 years$412,841$401,142$389,881$379,038$368,593$345,517
4 years$306,545$294,882$283,734$273,075$262,884$240,644
5 years$242,784$231,191$220,189$209,748$199,840$178,500
6 years$200,291$188,785$177,945$167,737$158,127$137,711
7 years$169,950$158,541$147,873$137,906$128,599$109,112
8 years$147,205$135,899$125,408$115,686$106,686$88,121
9 years$129,524$118,325$108,014$98,539$89,845$72,192
10 years$115,387$104,297$94,169$84,941$76,552$59,794
11 years$103,829$92,850$82,905$73,924$65,837$49,954
12 years$94,203$83,337$73,576$64,842$57,053$42,022
13 years$86,065$75,312$65,735$57,245$49,752$35,548
14 years$79,095$68,457$59,064$50,816$43,612$30,210
15 years$73,060$62,537$53,326$45,319$38,399$25,771
16 years$67,785$57,376$48,348$40,578$33,937$22,054
17 years$63,135$52,841$43,995$36,459$30,091$18,923
18 years$59,006$48,828$40,162$32,857$26,756$16,274
19 years$55,316$45,253$36,766$29,689$23,848$14,022
20 years$52,000$42,051$33,742$26,889$21,302$12,101
21 years$49,003$39,169$31,036$24,404$19,062$10,458
22 years$46,282$36,563$28,605$22,189$17,087$9,049
23 years$43,802$34,197$26,411$20,208$15,338$7,837
24 years$41,531$32,040$24,426$18,431$13,786$6,794
25 years$39,446$30,068$22,623$16,832$12,405$5,894
26 years$37,524$28,259$20,982$15,390$11,174$5,117
27 years$35,747$26,595$19,484$14,087$10,075$4,444
28 years$34,100$25,060$18,113$12,907$9,091$3,862
29 years$32,570$23,642$16,855$11,836$8,209$3,358
30 years$31,144$22,327$15,700$10,862$7,417$2,920
31 years$29,813$21,106$14,637$9,976$6,706$2,541
32 years$28,568$19,971$13,656$9,168$6,066$2,211
33 years$27,400$18,913$12,751$8,431$5,489$1,925
34 years$26,304$17,925$11,914$7,757$4,970$1,676
35 years$25,272$17,002$11,139$7,141$4,502$1,459
36 years$24,300$16,137$10,420$6,577$4,079$1,271
37 years$23,383$15,326$9,753$6,060$3,697$1,107
38 years$22,516$14,566$9,133$5,585$3,351$964
39 years$21,695$13,850$8,557$5,150$3,039$840
40 years$20,918$13,178$8,020$4,750$2,757$732
41 years$20,180$12,544$7,520$4,382$2,501$638
42 years$19,479$11,946$7,054$4,044$2,269$556
43 years$18,813$11,382$6,620$3,734$2,059$484
44 years$18,179$10,850$6,214$3,447$1,869$422
45 years$17,574$10,346$5,834$3,184$1,697$368
46 years$16,998$9,870$5,480$2,941$1,541$321
47 years$16,448$9,419$5,148$2,717$1,399$280
48 years$15,922$8,992$4,838$2,511$1,271$244
49 years$15,419$8,587$4,547$2,320$1,154$212
50 years$14,938$8,202$4,275$2,145$1,048$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $15,300,000, adding $5,711 every year, while hoping to spend $46,084 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: 51/42/7 Blend
73$15,300,000$15,300,000$15,300,000$15,300,000
74$16,866,491$16,055,591$15,818,441$17,697,021
75$18,537,840$16,793,282$16,299,326$19,000,270
76$20,378,122$17,565,575$16,794,775$20,410,762
77$22,404,520$18,374,118$17,305,230$21,942,914
78$24,635,967$19,220,635$17,831,141$23,608,160
79$27,093,326$20,106,937$18,372,975$25,419,058
80$29,799,587$21,034,919$18,931,212$27,389,398
81$32,780,084$22,006,569$19,506,346$29,534,330
82$36,062,731$23,023,969$20,098,886$31,870,496
83$39,678,288$24,089,302$20,709,358$34,416,184
84$43,660,653$25,204,858$21,338,301$37,191,494
85$48,047,178$26,373,033$21,986,272$40,218,514
86$52,879,021$27,596,344$22,653,844$43,521,526
87$58,201,540$28,877,424$23,341,607$47,127,225
88$64,064,716$30,219,035$24,050,169$51,064,963
89$70,523,623$31,624,075$24,780,156$55,367,015
90$77,638,955$33,095,577$25,532,213$60,068,874
91$85,477,592$34,636,723$26,307,005$65,209,580
92$94,113,232$36,250,848$27,105,216$70,832,070
93$103,627,091$37,941,449$27,927,550$76,983,582
94$114,108,664$39,712,190$28,774,733$83,716,080
95$125,656,573$41,566,912$29,647,512$91,086,740
96$138,379,497$43,509,645$30,546,657$99,158,470
97$152,397,196$45,544,608$31,472,961$108,000,498
98$167,841,646$47,676,229$32,427,240$117,689,003
99$184,858,277$49,909,148$33,410,336$128,307,827
100$203,607,353$52,248,228$34,423,114$139,949,248