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%14.5%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,197,370
2 years$625,475$613,826$602,537$591,591$580,973$558,214
3 years$412,841$401,142$389,881$379,038$368,593$346,459
4 years$306,545$294,882$283,734$273,075$262,884$241,544
5 years$242,784$231,191$220,189$209,748$199,840$179,356
6 years$200,291$188,785$177,945$167,737$158,127$138,521
7 years$169,950$158,541$147,873$137,906$128,599$109,877
8 years$147,205$135,899$125,408$115,686$106,686$88,843
9 years$129,524$118,325$108,014$98,539$89,845$72,870
10 years$115,387$104,297$94,169$84,941$76,552$60,430
11 years$103,829$92,850$82,905$73,924$65,837$50,549
12 years$94,203$83,337$73,576$64,842$57,053$42,578
13 years$86,065$75,312$65,735$57,245$49,752$36,066
14 years$79,095$68,457$59,064$50,816$43,612$30,691
15 years$73,060$62,537$53,326$45,319$38,399$26,218
16 years$67,785$57,376$48,348$40,578$33,937$22,468
17 years$63,135$52,841$43,995$36,459$30,091$19,306
18 years$59,006$48,828$40,162$32,857$26,756$16,627
19 years$55,316$45,253$36,766$29,689$23,848$14,347
20 years$52,000$42,051$33,742$26,889$21,302$12,401
21 years$49,003$39,169$31,036$24,404$19,062$10,733
22 years$46,282$36,563$28,605$22,189$17,087$9,301
23 years$43,802$34,197$26,411$20,208$15,338$8,069
24 years$41,531$32,040$24,426$18,431$13,786$7,006
25 years$39,446$30,068$22,623$16,832$12,405$6,087
26 years$37,524$28,259$20,982$15,390$11,174$5,293
27 years$35,747$26,595$19,484$14,087$10,075$4,605
28 years$34,100$25,060$18,113$12,907$9,091$4,008
29 years$32,570$23,642$16,855$11,836$8,209$3,490
30 years$31,144$22,327$15,700$10,862$7,417$3,041
31 years$29,813$21,106$14,637$9,976$6,706$2,650
32 years$28,568$19,971$13,656$9,168$6,066$2,310
33 years$27,400$18,913$12,751$8,431$5,489$2,014
34 years$26,304$17,925$11,914$7,757$4,970$1,756
35 years$25,272$17,002$11,139$7,141$4,502$1,532
36 years$24,300$16,137$10,420$6,577$4,079$1,336
37 years$23,383$15,326$9,753$6,060$3,697$1,166
38 years$22,516$14,566$9,133$5,585$3,351$1,017
39 years$21,695$13,850$8,557$5,150$3,039$888
40 years$20,918$13,178$8,020$4,750$2,757$775
41 years$20,180$12,544$7,520$4,382$2,501$676
42 years$19,479$11,946$7,054$4,044$2,269$591
43 years$18,813$11,382$6,620$3,734$2,059$516
44 years$18,179$10,850$6,214$3,447$1,869$450
45 years$17,574$10,346$5,834$3,184$1,697$393
46 years$16,998$9,870$5,480$2,941$1,541$343
47 years$16,448$9,419$5,148$2,717$1,399$300
48 years$15,922$8,992$4,838$2,511$1,271$262
49 years$15,419$8,587$4,547$2,320$1,154$228
50 years$14,938$8,202$4,275$2,145$1,048$199

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 $5,457 every year, while hoping to spend $30,818 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: 44/40/16 Blend
73$15,300,000$15,300,000$15,300,000$15,300,000
74$16,866,229$16,055,329$15,818,179$17,530,214
75$18,553,794$16,809,250$16,315,298$18,749,713
76$20,412,458$17,599,080$16,828,037$20,067,213
77$22,459,640$18,426,547$17,356,888$21,494,581
78$24,714,536$19,293,460$17,902,356$23,041,967
79$27,198,298$20,201,719$18,464,964$24,720,511
80$29,934,234$21,153,312$19,045,250$26,542,438
81$32,948,030$22,150,328$19,643,770$28,521,170
82$36,267,988$23,194,954$20,261,095$30,671,445
83$39,925,299$24,289,483$20,897,818$33,009,444
84$43,954,332$25,436,319$21,554,547$35,552,943
85$48,392,960$26,637,986$22,231,912$38,321,469
86$53,282,921$27,897,126$22,930,559$41,336,475
87$58,670,204$29,216,510$23,651,158$44,621,534
88$64,605,492$30,599,046$24,394,399$48,202,556
89$71,144,633$32,047,781$25,160,993$52,108,015
90$78,349,172$33,565,909$25,951,672$56,369,217
91$86,286,930$35,156,780$26,767,195$61,020,576
92$95,032,642$36,823,908$27,608,342$66,099,935
93$104,668,667$38,570,975$28,475,917$71,648,904
94$115,285,761$40,401,843$29,370,750$77,713,249
95$126,983,937$42,320,562$30,293,699$84,343,304
96$139,873,407$44,331,377$31,245,646$91,594,436
97$154,075,621$46,438,741$32,227,501$99,527,553
98$169,724,418$48,647,323$33,240,206$108,209,666
99$186,967,284$50,962,017$34,284,728$117,714,502
100$205,966,747$53,387,957$35,362,068$128,123,187