Can I retire at age 74 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,205,623
2 years$633,651$621,850$610,413$599,324$588,568$558,159
3 years$418,238$406,386$394,978$383,993$373,411$343,913
4 years$310,552$298,737$287,443$276,645$266,320$237,960
5 years$245,958$234,213$223,067$212,490$202,452$175,309
6 years$202,909$191,253$180,271$169,930$160,194$134,294
7 years$172,172$160,614$149,806$139,709$130,280$105,628
8 years$149,130$137,676$127,048$117,198$108,080$84,664
9 years$131,217$119,871$109,426$99,827$91,019$68,820
10 years$116,896$105,661$95,400$86,052$77,553$56,545
11 years$105,186$94,064$83,989$74,891$66,698$46,851
12 years$95,434$84,426$74,538$65,689$57,799$39,080
13 years$87,190$76,297$66,595$57,994$50,402$32,774
14 years$80,129$69,352$59,836$51,480$44,182$27,606
15 years$74,015$63,354$54,024$45,911$38,901$23,338
16 years$68,671$58,126$48,980$41,109$34,381$19,789
17 years$63,960$53,532$44,570$36,936$30,485$16,821
18 years$59,778$49,466$40,687$33,287$27,106$14,329
19 years$56,040$45,845$37,247$30,077$24,160$12,227
20 years$52,680$42,601$34,183$27,241$21,580$10,449
21 years$49,644$39,681$31,442$24,723$19,312$8,941
22 years$46,887$37,041$28,979$22,479$17,310$7,659
23 years$44,374$34,644$26,757$20,472$15,539$6,567
24 years$42,074$32,459$24,745$18,671$13,966$5,634
25 years$39,961$30,461$22,919$17,052$12,568$4,838
26 years$38,014$28,628$21,256$15,591$11,320$4,156
27 years$36,214$26,943$19,738$14,271$10,206$3,572
28 years$34,546$25,388$18,349$13,075$9,209$3,072
29 years$32,996$23,951$17,076$11,990$8,316$2,642
30 years$31,551$22,619$15,905$11,004$7,514$2,273
31 years$30,203$21,382$14,828$10,106$6,793$1,957
32 years$28,941$20,232$13,835$9,288$6,145$1,684
33 years$27,758$19,160$12,918$8,541$5,561$1,450
34 years$26,647$18,159$12,070$7,859$5,035$1,249
35 years$25,602$17,224$11,284$7,234$4,560$1,076
36 years$24,618$16,348$10,556$6,663$4,132$927
37 years$23,688$15,527$9,880$6,139$3,745$798
38 years$22,810$14,756$9,252$5,658$3,395$688
39 years$21,979$14,031$8,669$5,217$3,079$593
40 years$21,191$13,350$8,125$4,812$2,793$511
41 years$20,444$12,708$7,619$4,440$2,534$440
42 years$19,734$12,102$7,147$4,097$2,299$379
43 years$19,059$11,531$6,706$3,782$2,086$327
44 years$18,416$10,992$6,295$3,492$1,894$282
45 years$17,804$10,482$5,911$3,225$1,719$243
46 years$17,220$9,999$5,551$2,979$1,561$209
47 years$16,663$9,542$5,216$2,752$1,417$180
48 years$16,130$9,109$4,901$2,543$1,287$155
49 years$15,621$8,699$4,607$2,351$1,169$134
50 years$15,133$8,309$4,331$2,173$1,062$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $15,500,000, adding $3,307 every year, while hoping to spend $33,519 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: 66/18/16 Blend
73$15,500,000$15,500,000$15,500,000$15,500,000
74$17,084,411$16,262,911$16,022,661$18,145,826
75$18,791,357$17,024,130$16,523,756$19,617,101
76$20,671,288$17,821,525$17,040,515$21,220,519
77$22,741,813$18,656,833$17,573,426$22,972,393
78$25,022,337$19,531,877$18,122,994$24,887,263
79$27,534,241$20,448,564$18,689,740$26,981,128
80$30,301,087$21,408,898$19,274,200$29,271,591
81$33,348,840$22,414,976$19,876,928$31,778,024
82$36,706,110$23,468,998$20,498,494$34,521,747
83$40,404,427$24,573,272$21,139,486$37,526,223
84$44,478,531$25,730,215$21,800,512$40,817,280
85$48,966,710$26,942,364$22,482,197$44,423,344
86$53,911,150$28,212,376$23,185,187$48,375,709
87$59,358,343$29,543,038$23,910,147$52,708,826
88$65,359,520$30,937,273$24,657,763$57,460,620
89$71,971,136$32,398,144$25,428,742$62,672,848
90$79,255,403$33,928,864$26,223,816$68,391,486
91$87,280,875$35,532,800$27,043,735$74,667,156
92$96,123,101$37,213,484$27,889,277$81,555,599
93$105,865,330$38,974,617$28,761,241$89,118,198
94$116,599,304$40,820,083$29,660,452$97,422,546
95$128,426,117$42,753,952$30,587,762$106,543,082
96$141,457,177$44,780,492$31,544,047$116,561,785
97$155,815,250$46,904,177$32,530,214$127,568,941
98$171,635,624$49,129,700$33,547,194$139,663,988
99$189,067,383$51,461,981$34,595,951$152,956,445
100$208,274,817$53,906,179$35,677,476$167,566,944