Can I retire at age 74 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,239,756
2 years$650,004$637,898$626,165$614,790$603,756$575,560
3 years$429,031$416,873$405,171$393,902$383,048$355,668
4 years$318,567$306,446$294,860$283,784$273,193$246,840
5 years$252,305$240,257$228,824$217,973$207,677$182,425
6 years$208,146$196,188$184,924$174,315$164,328$140,203
7 years$176,615$164,759$153,672$143,314$133,642$110,650
8 years$152,978$141,229$130,326$120,223$110,869$89,000
9 years$134,604$122,965$112,250$102,403$93,368$72,607
10 years$119,912$108,387$97,862$88,272$79,554$59,879
11 years$107,900$96,491$86,156$76,823$68,419$49,803
12 years$97,897$86,605$76,461$67,384$59,291$41,705
13 years$89,440$78,266$68,313$59,490$51,703$35,116
14 years$82,197$71,141$61,380$52,809$45,322$29,701
15 years$75,925$64,989$55,418$47,096$39,905$25,214
16 years$70,443$59,626$50,244$42,170$35,268$21,471
17 years$65,611$54,913$45,720$37,889$31,271$18,330
18 years$61,320$50,742$41,737$34,146$27,805$15,683
19 years$57,486$47,028$38,208$30,854$24,783$13,443
20 years$54,039$43,700$35,065$27,944$22,137$11,541
21 years$50,925$40,705$32,253$25,361$19,810$9,921
22 years$48,097$37,997$29,726$23,059$17,757$8,537
23 years$45,519$35,538$27,447$21,000$15,940$7,354
24 years$43,160$33,296$25,384$19,153$14,327$6,340
25 years$40,993$31,247$23,511$17,492$12,892$5,470
26 years$38,995$29,367$21,805$15,994$11,613$4,722
27 years$37,149$27,638$20,248$14,639$10,470$4,078
28 years$35,438$26,043$18,823$13,413$9,447$3,524
29 years$33,847$24,569$17,516$12,300$8,530$3,046
30 years$32,366$23,203$16,316$11,288$7,708$2,634
31 years$30,982$21,934$15,211$10,367$6,969$2,278
32 years$29,688$20,754$14,192$9,528$6,304$1,971
33 years$28,475$19,654$13,251$8,762$5,705$1,706
34 years$27,335$18,628$12,381$8,061$5,165$1,476
35 years$26,263$17,668$11,575$7,421$4,678$1,278
36 years$25,253$16,770$10,829$6,835$4,239$1,107
37 years$24,300$15,927$10,135$6,297$3,842$958
38 years$23,399$15,137$9,491$5,804$3,483$830
39 years$22,546$14,394$8,892$5,352$3,158$719
40 years$21,738$13,694$8,335$4,936$2,865$622
41 years$20,971$13,036$7,815$4,554$2,599$539
42 years$20,243$12,415$7,331$4,203$2,358$467
43 years$19,551$11,829$6,879$3,880$2,140$405
44 years$18,891$11,275$6,457$3,582$1,943$350
45 years$18,263$10,752$6,063$3,309$1,764$304
46 years$17,664$10,257$5,695$3,056$1,601$263
47 years$17,093$9,788$5,350$2,823$1,454$228
48 years$16,546$9,344$5,028$2,609$1,320$197
49 years$16,024$8,923$4,726$2,411$1,199$171
50 years$15,524$8,524$4,443$2,229$1,089$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $15,900,000, adding $4,624 every year, while hoping to spend $54,205 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: 60/20/20 Blend
73$15,900,000$15,900,000$15,900,000$15,900,000
74$17,526,570$16,683,870$16,437,420$18,486,088
75$19,256,606$17,443,706$16,930,400$19,896,152
76$21,161,289$18,238,957$17,438,077$21,427,451
77$23,258,377$19,071,301$17,960,889$23,096,881
78$25,567,434$19,942,498$18,499,281$24,917,843
79$28,110,021$20,854,389$19,053,716$26,905,073
80$30,909,895$21,808,906$19,624,667$29,074,783
81$33,993,235$22,808,073$20,212,624$31,444,808
82$37,388,887$23,854,011$20,818,090$34,034,771
83$41,128,639$24,948,943$21,441,581$36,866,262
84$45,247,517$26,095,198$22,083,631$39,963,041
85$49,784,119$27,295,218$22,744,787$43,351,254
86$54,780,977$28,551,561$23,425,616$47,059,677
87$60,284,959$29,866,910$24,126,696$51,119,982
88$66,347,711$31,244,075$24,848,627$55,567,032
89$73,026,146$32,686,003$25,592,024$60,439,200
90$80,382,976$34,195,780$26,357,520$65,778,733
91$88,487,310$35,776,644$27,145,768$71,632,140
92$97,415,302$37,431,986$27,957,437$78,050,623
93$107,250,871$39,165,362$28,793,220$85,090,559
94$118,086,494$40,980,498$29,653,826$92,814,022
95$130,024,075$42,881,301$30,539,988$101,289,363
96$143,175,911$44,871,865$31,452,458$110,591,848
97$157,665,749$46,956,483$32,392,012$120,804,358
98$173,629,958$49,139,652$33,359,446$132,018,170
99$191,218,808$51,426,089$34,355,581$144,333,801
100$210,597,896$53,820,738$35,381,263$157,861,957