Can I retire at age 74 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,249,759
2 years$658,180$645,922$634,042$622,523$611,351$577,256
3 years$434,428$422,117$410,267$398,857$387,866$354,821
4 years$322,574$310,301$298,569$287,354$276,629$244,888
5 years$255,479$243,280$231,702$220,715$210,289$179,939
6 years$210,764$198,656$187,250$176,508$166,395$137,465
7 years$178,837$166,831$155,605$145,117$135,323$107,816
8 years$154,902$143,005$131,966$121,735$112,264$86,166
9 years$136,297$124,512$113,662$103,691$94,542$69,829
10 years$121,421$109,751$99,093$89,383$80,555$57,196
11 years$109,257$97,705$87,240$77,790$69,280$47,240
12 years$99,129$87,694$77,423$68,232$60,036$39,275
13 years$90,565$79,250$69,173$60,239$52,353$32,827
14 years$83,231$72,036$62,152$53,473$45,892$27,556
15 years$76,880$65,806$56,115$47,689$40,407$23,214
16 years$71,329$60,376$50,876$42,700$35,712$19,613
17 years$66,436$55,604$46,295$38,366$31,665$16,612
18 years$62,092$51,381$42,262$34,575$28,155$14,098
19 years$58,209$47,619$38,689$31,242$25,095$11,985
20 years$54,719$44,250$35,506$28,295$22,415$10,204
21 years$51,565$41,217$32,659$25,680$20,059$8,698
22 years$48,702$38,475$30,100$23,349$17,980$7,422
23 years$46,092$35,985$27,792$21,264$16,140$6,338
24 years$43,703$33,715$25,703$19,394$14,507$5,417
25 years$41,508$31,640$23,806$17,712$13,054$4,632
26 years$39,486$29,737$22,079$16,195$11,759$3,964
27 years$37,616$27,986$20,502$14,824$10,601$3,393
28 years$35,883$26,371$19,060$13,582$9,566$2,906
29 years$34,273$24,878$17,737$12,455$8,638$2,489
30 years$32,773$23,494$16,521$11,430$7,805$2,133
31 years$31,372$22,210$15,402$10,498$7,056$1,828
32 years$30,061$21,015$14,370$9,648$6,383$1,567
33 years$28,833$19,902$13,418$8,872$5,777$1,344
34 years$27,679$18,862$12,537$8,163$5,230$1,153
35 years$26,593$17,891$11,721$7,514$4,737$989
36 years$25,571$16,981$10,965$6,921$4,292$848
37 years$24,605$16,128$10,263$6,376$3,890$727
38 years$23,693$15,327$9,611$5,877$3,527$624
39 years$22,829$14,575$9,004$5,419$3,198$535
40 years$22,011$13,867$8,440$4,998$2,901$459
41 years$21,235$13,200$7,914$4,612$2,632$394
42 years$20,498$12,571$7,423$4,256$2,388$338
43 years$19,797$11,978$6,966$3,929$2,167$290
44 years$19,129$11,417$6,539$3,628$1,967$249
45 years$18,493$10,887$6,139$3,350$1,786$214
46 years$17,887$10,386$5,766$3,095$1,621$184
47 years$17,308$9,911$5,417$2,859$1,472$158
48 years$16,754$9,462$5,091$2,642$1,337$135
49 years$16,225$9,035$4,785$2,442$1,214$116
50 years$15,719$8,631$4,499$2,257$1,103$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $16,100,000, adding $4,601 every year, while hoping to spend $23,386 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: 45/40/15 Blend
73$16,100,000$16,100,000$16,100,000$16,100,000
74$17,746,946$16,893,646$16,644,096$18,469,201
75$19,532,252$17,696,552$17,176,791$19,776,104
76$21,498,875$18,538,017$17,726,547$21,189,712
77$23,665,286$19,419,905$18,293,911$22,722,088
78$26,051,836$20,344,171$18,879,449$24,384,232
79$28,680,954$21,312,867$19,483,741$26,188,218
80$31,577,355$22,328,141$20,107,390$28,147,296
81$34,768,274$23,392,248$20,751,016$30,276,014
82$38,283,722$24,507,553$21,415,259$32,590,348
83$42,156,772$25,676,533$22,100,781$35,107,839
84$46,423,869$26,901,789$22,808,263$37,847,758
85$51,125,174$28,186,047$23,538,410$40,831,274
86$56,304,942$29,532,164$24,291,947$44,081,644
87$62,011,945$30,943,139$25,069,626$47,624,429
88$68,299,925$32,422,114$25,872,220$51,487,719
89$75,228,105$33,972,386$26,700,528$55,702,389
90$82,861,750$35,597,411$27,555,374$60,302,382
91$91,272,779$37,300,814$28,437,609$65,325,015
92$100,540,445$39,086,397$29,348,112$70,811,323
93$110,752,086$40,958,145$30,287,788$76,806,428
94$122,003,944$42,920,239$31,257,574$83,359,957
95$134,402,078$44,977,063$32,258,435$90,526,493
96$148,063,365$47,133,214$33,291,368$98,366,079
97$163,116,599$49,393,513$34,357,400$106,944,767
98$179,703,713$51,763,016$35,457,593$116,335,227
99$197,981,113$54,247,025$36,593,044$126,617,416
100$218,121,158$56,851,100$37,764,882$137,879,315