Can I retire at age 74 with 15,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,700,000?

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$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,232,723
2 years$641,827$629,874$618,289$607,057$596,162$576,847
3 years$423,635$411,630$400,074$388,947$378,230$359,419
4 years$314,560$302,591$291,151$280,215$269,757$251,594
5 years$249,132$237,235$225,945$215,232$205,065$187,603
6 years$205,527$193,720$182,598$172,122$162,261$145,521
7 years$174,394$162,686$151,739$141,511$131,961$115,948
8 years$151,054$139,452$128,687$118,710$109,475$94,186
9 years$132,910$121,418$110,838$101,115$92,194$77,621
10 years$118,404$107,024$96,631$87,162$78,553$64,686
11 years$106,543$95,277$85,073$75,857$67,559$54,382
12 years$96,666$85,516$75,500$66,537$58,545$46,043
13 years$88,315$77,281$67,454$58,742$51,052$39,207
14 years$81,163$70,247$60,608$52,145$44,752$33,545
15 years$74,970$64,171$54,721$46,504$39,403$28,813
16 years$69,557$58,876$49,612$41,639$34,825$24,831
17 years$64,785$54,223$45,145$37,412$30,878$21,459
18 years$60,549$50,104$41,212$33,716$27,455$18,589
19 years$56,763$46,436$37,727$30,465$24,472$16,135
20 years$53,359$43,151$34,624$27,592$21,858$14,029
21 years$50,284$40,193$31,848$25,042$19,561$12,217
22 years$47,492$37,519$29,353$22,769$17,533$10,652
23 years$44,947$35,091$27,102$20,736$15,739$9,298
24 years$42,617$32,878$25,065$18,912$14,147$8,123
25 years$40,477$30,854$23,215$17,272$12,730$7,103
26 years$38,505$28,998$21,531$15,792$11,467$6,216
27 years$36,682$27,290$19,993$14,455$10,338$5,443
28 years$34,992$25,716$18,586$13,244$9,328$4,769
29 years$33,421$24,260$17,296$12,145$8,423$4,180
30 years$31,958$22,911$16,111$11,146$7,611$3,665
31 years$30,592$21,658$15,019$10,237$6,881$3,215
32 years$29,314$20,493$14,013$9,408$6,224$2,821
33 years$28,116$19,407$13,084$8,651$5,633$2,476
34 years$26,991$18,394$12,225$7,960$5,100$2,174
35 years$25,933$17,446$11,430$7,328$4,619$1,909
36 years$24,935$16,559$10,692$6,749$4,185$1,677
37 years$23,994$15,727$10,008$6,218$3,793$1,473
38 years$23,104$14,946$9,372$5,731$3,439$1,294
39 years$22,262$14,213$8,780$5,284$3,119$1,137
40 years$21,464$13,522$8,230$4,874$2,829$999
41 years$20,707$12,872$7,717$4,497$2,566$878
42 years$19,988$12,259$7,239$4,150$2,329$772
43 years$19,305$11,680$6,793$3,831$2,113$679
44 years$18,654$11,133$6,376$3,537$1,918$597
45 years$18,034$10,617$5,987$3,267$1,741$524
46 years$17,442$10,128$5,623$3,018$1,581$461
47 years$16,878$9,665$5,283$2,788$1,436$405
48 years$16,338$9,227$4,964$2,576$1,304$356
49 years$15,822$8,811$4,666$2,381$1,184$313
50 years$15,329$8,417$4,387$2,201$1,076$276

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $15,700,000, adding $2,793 every year, while hoping to spend $20,635 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: 53/34/13 Blend
73$15,700,000$15,700,000$15,700,000$15,700,000
74$17,304,281$16,472,181$16,228,831$18,161,915
75$19,047,362$17,257,362$16,750,541$19,531,980
76$20,967,546$18,080,326$17,289,037$21,019,403
77$23,082,875$18,942,902$17,844,860$22,637,259
78$25,413,232$19,847,007$18,418,566$24,397,922
79$27,980,527$20,794,655$19,010,733$26,314,981
80$30,808,902$21,787,955$19,621,954$28,403,372
81$33,924,964$22,829,119$20,252,844$30,679,504
82$37,358,031$23,920,467$20,904,035$33,161,415
83$41,140,412$25,064,432$21,576,182$35,868,930
84$45,307,710$26,263,564$22,269,959$38,823,843
85$49,899,157$27,520,540$22,986,064$42,050,118
86$54,957,990$28,838,165$23,725,215$45,574,103
87$60,531,850$30,219,380$24,488,155$49,424,774
88$66,673,240$31,667,271$25,275,650$53,633,999
89$73,440,018$33,185,075$26,088,492$58,236,829
90$80,895,939$34,776,182$26,927,495$63,271,823
91$89,111,262$36,444,153$27,793,504$68,781,399
92$98,163,413$38,192,719$28,687,389$74,812,225
93$108,137,712$40,025,792$29,610,046$81,415,649
94$119,128,180$41,947,478$30,562,404$88,648,175
95$131,238,429$43,962,079$31,545,420$96,571,982
96$144,582,638$46,074,110$32,560,080$105,255,498
97$159,286,629$48,288,303$33,607,405$114,774,039
98$175,489,059$50,609,624$34,688,448$125,210,499
99$193,342,726$53,043,279$35,804,293$136,656,124
100$213,016,011$55,594,726$36,956,064$149,211,357