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%15.7%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,238,243
2 years$650,004$637,898$626,165$614,790$603,756$574,058
3 years$429,031$416,873$405,171$393,902$383,048$354,224
4 years$318,567$306,446$294,860$283,784$273,193$245,466
5 years$252,305$240,257$228,824$217,973$207,677$181,124
6 years$208,146$196,188$184,924$174,315$164,328$138,976
7 years$176,615$164,759$153,672$143,314$133,642$109,496
8 years$152,978$141,229$130,326$120,223$110,869$87,918
9 years$134,604$122,965$112,250$102,403$93,368$71,594
10 years$119,912$108,387$97,862$88,272$79,554$58,934
11 years$107,900$96,491$86,156$76,823$68,419$48,924
12 years$97,897$86,605$76,461$67,384$59,291$40,889
13 years$89,440$78,266$68,313$59,490$51,703$34,360
14 years$82,197$71,141$61,380$52,809$45,322$29,002
15 years$75,925$64,989$55,418$47,096$39,905$24,569
16 years$70,443$59,626$50,244$42,170$35,268$20,877
17 years$65,611$54,913$45,720$37,889$31,271$17,785
18 years$61,320$50,742$41,737$34,146$27,805$15,183
19 years$57,486$47,028$38,208$30,854$24,783$12,985
20 years$54,039$43,700$35,065$27,944$22,137$11,122
21 years$50,925$40,705$32,253$25,361$19,810$9,539
22 years$48,097$37,997$29,726$23,059$17,757$8,190
23 years$45,519$35,538$27,447$21,000$15,940$7,039
24 years$43,160$33,296$25,384$19,153$14,327$6,054
25 years$40,993$31,247$23,511$17,492$12,892$5,210
26 years$38,995$29,367$21,805$15,994$11,613$4,487
27 years$37,149$27,638$20,248$14,639$10,470$3,866
28 years$35,438$26,043$18,823$13,413$9,447$3,332
29 years$33,847$24,569$17,516$12,300$8,530$2,873
30 years$32,366$23,203$16,316$11,288$7,708$2,479
31 years$30,982$21,934$15,211$10,367$6,969$2,139
32 years$29,688$20,754$14,192$9,528$6,304$1,846
33 years$28,475$19,654$13,251$8,762$5,705$1,593
34 years$27,335$18,628$12,381$8,061$5,165$1,375
35 years$26,263$17,668$11,575$7,421$4,678$1,188
36 years$25,253$16,770$10,829$6,835$4,239$1,026
37 years$24,300$15,927$10,135$6,297$3,842$886
38 years$23,399$15,137$9,491$5,804$3,483$765
39 years$22,546$14,394$8,892$5,352$3,158$661
40 years$21,738$13,694$8,335$4,936$2,865$571
41 years$20,971$13,036$7,815$4,554$2,599$493
42 years$20,243$12,415$7,331$4,203$2,358$426
43 years$19,551$11,829$6,879$3,880$2,140$368
44 years$18,891$11,275$6,457$3,582$1,943$318
45 years$18,263$10,752$6,063$3,309$1,764$275
46 years$17,664$10,257$5,695$3,056$1,601$238
47 years$17,093$9,788$5,350$2,823$1,454$205
48 years$16,546$9,344$5,028$2,609$1,320$177
49 years$16,024$8,923$4,726$2,411$1,199$153
50 years$15,524$8,524$4,443$2,229$1,089$133

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 $3,753 every year, while hoping to spend $20,663 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: 33/44/23 Blend
73$15,900,000$15,900,000$15,900,000$15,900,000
74$17,525,671$16,682,971$16,436,521$17,980,377
75$19,291,304$17,478,452$16,965,159$19,116,916
76$21,236,340$18,312,218$17,510,814$20,338,830
77$23,379,054$19,186,124$18,074,035$21,655,335
78$25,739,589$20,102,115$18,655,386$23,074,788
79$28,340,138$21,062,230$19,255,452$24,606,341
80$31,205,159$22,068,606$19,874,837$26,260,017
81$34,361,603$23,123,486$20,514,162$28,046,802
82$37,839,171$24,229,221$21,174,070$29,978,733
83$41,670,589$25,388,276$21,855,225$32,069,009
84$45,891,926$26,603,238$22,558,311$34,332,100
85$50,542,923$27,876,817$23,284,035$36,783,881
86$55,667,377$29,211,857$24,033,127$39,441,763
87$61,313,551$30,611,340$24,806,338$42,324,854
88$67,534,631$32,078,393$25,604,448$45,454,123
89$74,389,224$33,616,296$26,428,258$48,852,587
90$81,941,917$35,228,486$27,278,596$52,545,519
91$90,263,881$36,918,571$28,156,318$56,560,668
92$99,433,549$38,690,332$29,062,306$60,928,513
93$109,537,349$40,547,736$29,997,472$65,682,532
94$120,670,526$42,494,943$30,962,755$70,859,505
95$132,938,039$44,536,315$31,959,127$76,499,846
96$146,455,551$46,676,426$32,987,589$82,647,965
97$161,350,521$48,920,075$34,049,177$89,352,677
98$177,763,407$51,272,292$35,144,958$96,667,635
99$195,848,994$53,738,354$36,276,034$104,651,827
100$215,777,854$56,323,795$37,443,543$113,370,107