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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,227,164
2 years$641,827$629,874$618,289$607,057$596,162$571,306
3 years$423,635$411,630$400,074$388,947$378,230$354,068
4 years$314,560$302,591$291,151$280,215$269,757$246,475
5 years$249,132$237,235$225,945$215,232$205,065$182,730
6 years$205,527$193,720$182,598$172,122$162,261$140,897
7 years$174,394$162,686$151,739$141,511$131,961$111,574
8 years$151,054$139,452$128,687$118,710$109,475$90,057
9 years$132,910$121,418$110,838$101,115$92,194$73,734
10 years$118,404$107,024$96,631$87,162$78,553$61,034
11 years$106,543$95,277$85,073$75,857$67,559$50,957
12 years$96,666$85,516$75,500$66,537$58,545$42,838
13 years$88,315$77,281$67,454$58,742$51,052$36,215
14 years$81,163$70,247$60,608$52,145$44,752$30,755
15 years$74,970$64,171$54,721$46,504$39,403$26,218
16 years$69,557$58,876$49,612$41,639$34,825$22,421
17 years$64,785$54,223$45,145$37,412$30,878$19,224
18 years$60,549$50,104$41,212$33,716$27,455$16,520
19 years$56,763$46,436$37,727$30,465$24,472$14,224
20 years$53,359$43,151$34,624$27,592$21,858$12,266
21 years$50,284$40,193$31,848$25,042$19,561$10,593
22 years$47,492$37,519$29,353$22,769$17,533$9,158
23 years$44,947$35,091$27,102$20,736$15,739$7,926
24 years$42,617$32,878$25,065$18,912$14,147$6,866
25 years$40,477$30,854$23,215$17,272$12,730$5,951
26 years$38,505$28,998$21,531$15,792$11,467$5,162
27 years$36,682$27,290$19,993$14,455$10,338$4,480
28 years$34,992$25,716$18,586$13,244$9,328$3,890
29 years$33,421$24,260$17,296$12,145$8,423$3,380
30 years$31,958$22,911$16,111$11,146$7,611$2,937
31 years$30,592$21,658$15,019$10,237$6,881$2,553
32 years$29,314$20,493$14,013$9,408$6,224$2,220
33 years$28,116$19,407$13,084$8,651$5,633$1,931
34 years$26,991$18,394$12,225$7,960$5,100$1,679
35 years$25,933$17,446$11,430$7,328$4,619$1,461
36 years$24,935$16,559$10,692$6,749$4,185$1,271
37 years$23,994$15,727$10,008$6,218$3,793$1,107
38 years$23,104$14,946$9,372$5,731$3,439$963
39 years$22,262$14,213$8,780$5,284$3,119$838
40 years$21,464$13,522$8,230$4,874$2,829$730
41 years$20,707$12,872$7,717$4,497$2,566$635
42 years$19,988$12,259$7,239$4,150$2,329$553
43 years$19,305$11,680$6,793$3,831$2,113$482
44 years$18,654$11,133$6,376$3,537$1,918$419
45 years$18,034$10,617$5,987$3,267$1,741$365
46 years$17,442$10,128$5,623$3,018$1,581$318
47 years$16,878$9,665$5,283$2,788$1,436$277
48 years$16,338$9,227$4,964$2,576$1,304$241
49 years$15,822$8,811$4,666$2,381$1,184$210
50 years$15,329$8,417$4,387$2,201$1,076$183

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 $2,637 every year, while hoping to spend $41,350 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: 70/11/19 Blend
73$15,700,000$15,700,000$15,700,000$15,700,000
74$17,304,120$16,472,020$16,228,670$18,435,621
75$19,025,144$17,235,153$16,728,334$19,953,278
76$20,920,327$18,034,294$17,243,352$21,608,682
77$23,007,389$18,871,162$17,774,192$23,419,565
78$25,305,856$19,747,563$18,321,342$25,401,295
79$27,837,247$20,665,387$18,885,300$27,570,785
80$30,625,270$21,626,615$19,466,581$29,946,656
81$33,696,053$22,633,325$20,065,717$32,549,406
82$37,078,387$23,687,694$20,683,255$35,401,604
83$40,803,997$24,792,005$21,319,759$38,528,096
84$44,907,843$25,948,652$21,975,809$41,956,241
85$49,428,449$27,160,142$22,652,005$45,716,164
86$54,408,267$28,429,105$23,348,963$49,841,037
87$59,894,078$29,758,299$24,067,321$54,367,389
88$65,937,430$31,150,612$24,807,732$59,335,448
89$72,595,130$32,609,074$25,570,874$64,789,517
90$79,929,776$34,136,861$26,357,441$70,778,386
91$88,010,349$35,737,304$27,168,151$77,355,794
92$96,912,865$37,413,891$28,003,744$84,580,926
93$106,721,088$39,170,284$28,864,981$92,518,972
94$117,527,329$41,010,317$29,752,648$101,241,736
95$129,433,308$42,938,014$30,667,553$110,828,308
96$142,551,120$44,957,591$31,610,530$121,365,809
97$157,004,291$47,073,470$32,582,439$132,950,206
98$172,928,943$49,290,284$33,584,166$145,687,213
99$190,475,081$51,612,894$34,616,621$159,693,284
100$209,808,009$54,046,395$35,680,747$175,096,705