Can I retire at age 74 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,213,679
2 years$629,563$617,838$606,475$595,457$584,770$570,338
3 years$415,540$403,764$392,429$381,515$371,002$356,924
4 years$308,549$296,809$285,588$274,860$264,602$250,987
5 years$244,371$232,702$221,628$211,119$201,146$188,033
6 years$201,600$190,019$179,108$168,834$159,160$146,566
7 years$171,061$159,577$148,840$138,807$129,440$117,369
8 years$148,168$136,787$126,228$116,442$107,383$95,834
9 years$130,371$119,098$108,720$99,183$90,432$79,401
10 years$116,142$104,979$94,785$85,497$77,052$66,532
11 years$104,507$93,457$83,447$74,408$66,268$56,249
12 years$94,819$83,882$74,057$65,265$57,426$47,898
13 years$86,627$75,805$66,165$57,620$50,077$41,028
14 years$79,612$68,904$59,450$51,148$43,897$35,314
15 years$73,538$62,945$53,675$45,615$38,650$30,519
16 years$68,228$57,751$48,664$40,844$34,159$26,466
17 years$63,548$53,187$44,283$36,698$30,288$23,018
18 years$59,392$49,147$40,424$33,072$26,931$20,068
19 years$55,678$45,549$37,006$29,883$24,004$17,534
20 years$52,340$42,326$33,963$27,065$21,441$15,348
21 years$49,323$39,425$31,239$24,563$19,187$13,455
22 years$46,585$36,802$28,792$22,334$17,198$11,812
23 years$44,088$34,420$26,584$20,340$15,438$10,382
24 years$41,803$32,249$24,586$18,551$13,876$9,135
25 years$39,704$30,264$22,771$16,942$12,487$8,045
26 years$37,769$28,444$21,119$15,491$11,247$7,090
27 years$35,981$26,769$19,611$14,179$10,141$6,253
28 years$34,323$25,224$18,231$12,991$9,150$5,518
29 years$32,783$23,796$16,966$11,913$8,262$4,873
30 years$31,348$22,473$15,803$10,933$7,465$4,304
31 years$30,008$21,244$14,732$10,041$6,749$3,804
32 years$28,754$20,101$13,746$9,228$6,105$3,363
33 years$27,579$19,036$12,834$8,486$5,525$2,974
34 years$26,475$18,042$11,992$7,808$5,003$2,631
35 years$25,437$17,113$11,211$7,188$4,531$2,328
36 years$24,459$16,242$10,488$6,620$4,105$2,060
37 years$23,535$15,427$9,817$6,099$3,721$1,824
38 years$22,663$14,661$9,193$5,622$3,373$1,615
39 years$21,837$13,941$8,613$5,183$3,059$1,430
40 years$21,054$13,264$8,073$4,781$2,775$1,266
41 years$20,312$12,626$7,570$4,411$2,517$1,121
42 years$19,606$12,024$7,101$4,071$2,284$993
43 years$18,936$11,457$6,663$3,758$2,073$880
44 years$18,297$10,921$6,254$3,470$1,882$780
45 years$17,689$10,414$5,873$3,204$1,708$691
46 years$17,109$9,934$5,516$2,960$1,551$612
47 years$16,555$9,481$5,182$2,735$1,408$542
48 years$16,026$9,050$4,869$2,527$1,279$481
49 years$15,520$8,643$4,577$2,335$1,162$426
50 years$15,036$8,256$4,303$2,159$1,055$377

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $15,400,000, adding $5,492 every year, while hoping to spend $57,824 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: 53/29/18 Blend
73$15,400,000$15,400,000$15,400,000$15,400,000
74$16,976,465$16,160,265$15,921,565$17,792,856
75$18,646,540$16,890,594$16,393,413$19,083,224
76$20,485,025$17,654,770$16,879,130$20,479,981
77$22,509,036$18,454,393$17,379,120$21,998,540
78$24,737,434$19,291,135$17,893,797$23,650,502
79$27,191,002$20,166,750$18,423,589$25,448,619
80$29,892,640$21,083,076$18,968,934$27,406,907
81$32,867,582$22,042,040$19,530,286$29,540,774
82$36,143,634$23,045,658$20,108,109$31,867,161
83$39,751,434$24,096,045$20,702,881$34,404,696
84$43,724,747$25,195,418$21,315,094$37,173,864
85$48,100,776$26,346,098$21,945,254$40,197,195
86$52,920,517$27,550,518$22,593,882$43,499,470
87$58,229,145$28,811,229$23,261,513$47,107,950
88$64,076,442$30,130,904$23,948,697$51,052,626
89$70,517,263$31,512,341$24,656,002$55,366,495
90$77,612,055$32,958,478$25,384,010$60,085,862
91$85,427,431$34,472,389$26,133,320$65,250,680
92$94,036,791$36,057,299$26,904,549$70,904,917
93$103,521,023$37,716,586$27,698,330$77,096,960
94$113,969,259$39,453,791$28,515,317$83,880,068
95$125,479,723$41,272,625$29,356,178$91,312,862
96$138,160,649$43,176,979$30,221,605$99,459,870
97$152,131,313$45,170,928$31,112,307$108,392,129
98$167,523,151$47,258,747$32,029,013$118,187,841
99$184,481,001$49,444,915$32,972,473$128,933,103
100$203,164,472$51,734,124$33,943,460$140,722,707