Can I retire at age 74 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,285,676
2 years$666,356$653,946$641,918$630,257$618,945$604,739
3 years$439,824$427,361$415,363$403,811$392,684$378,822
4 years$326,581$314,155$302,278$290,923$280,066$266,655
5 years$258,653$246,302$234,580$223,457$212,901$199,980
6 years$213,382$201,124$189,576$178,700$168,462$156,046
7 years$181,058$168,903$157,538$146,919$137,004$125,100
8 years$156,827$144,781$133,605$123,247$113,658$102,264
9 years$137,990$126,058$115,074$104,979$95,717$84,828
10 years$122,929$111,114$100,324$90,493$81,556$71,166
11 years$110,615$98,918$88,324$78,756$70,140$60,241
12 years$100,360$88,784$78,385$69,080$60,782$51,363
13 years$91,690$80,235$70,032$60,987$53,003$44,052
14 years$84,265$72,931$62,924$54,137$46,462$37,967
15 years$77,835$66,624$56,812$48,281$40,909$32,857
16 years$72,215$61,126$51,508$43,230$36,156$28,533
17 years$67,261$56,295$46,870$38,842$32,058$24,850
18 years$62,863$52,019$42,787$35,005$28,505$21,697
19 years$58,932$48,211$39,169$31,630$25,407$18,985
20 years$55,399$44,800$35,948$28,647$22,694$16,642
21 years$52,206$41,729$33,065$25,999$20,308$14,612
22 years$49,307$38,953$30,474$23,639$18,204$12,847
23 years$46,665$36,432$28,138$21,528$16,341$11,309
24 years$44,246$34,134$26,023$19,635$14,687$9,966
25 years$42,024$32,033$24,102$17,932$13,216$8,790
26 years$39,976$30,106$22,353$16,396$11,905$7,759
27 years$38,084$28,333$20,757$15,008$10,733$6,854
28 years$36,329$26,698$19,296$13,750$9,685$6,059
29 years$34,699$25,187$17,957$12,609$8,745$5,358
30 years$33,180$23,786$16,726$11,572$7,902$4,741
31 years$31,762$22,486$15,593$10,628$7,144$4,197
32 years$30,435$21,276$14,549$9,768$6,462$3,716
33 years$29,191$20,149$13,584$8,982$5,848$3,292
34 years$28,023$19,097$12,692$8,264$5,295$2,917
35 years$26,924$18,113$11,867$7,608$4,796$2,585
36 years$25,888$17,192$11,101$7,007$4,345$2,292
37 years$24,911$16,328$10,390$6,456$3,938$2,032
38 years$23,987$15,518$9,730$5,950$3,570$1,802
39 years$23,113$14,756$9,116$5,486$3,238$1,599
40 years$22,285$14,039$8,544$5,060$2,937$1,418
41 years$21,499$13,364$8,012$4,669$2,664$1,258
42 years$20,752$12,727$7,515$4,309$2,418$1,117
43 years$20,042$12,126$7,052$3,978$2,194$991
44 years$19,367$11,559$6,620$3,673$1,992$879
45 years$18,723$11,023$6,216$3,392$1,808$780
46 years$18,109$10,515$5,838$3,133$1,642$693
47 years$17,523$10,035$5,485$2,895$1,491$615
48 years$16,963$9,579$5,154$2,675$1,354$546
49 years$16,427$9,148$4,845$2,472$1,229$485
50 years$15,914$8,738$4,555$2,285$1,117$430

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $16,300,000, adding $2,734 every year, while hoping to spend $43,495 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: 55/27/18 Blend
73$16,300,000$16,300,000$16,300,000$16,300,000
74$17,965,420$17,101,520$16,848,870$18,866,687
75$19,751,615$17,893,216$17,367,029$20,273,625
76$21,718,543$18,722,248$17,901,088$21,800,048
77$23,884,595$19,590,398$18,451,535$23,461,291
78$26,270,033$20,499,537$19,018,871$25,270,259
79$28,897,185$21,451,623$19,603,612$27,241,135
80$31,790,657$22,448,712$20,206,292$29,389,515
81$34,977,561$23,492,955$20,827,459$31,732,542
82$38,487,773$24,586,611$21,467,680$34,289,070
83$42,354,215$25,732,044$22,127,537$37,079,832
84$46,613,166$26,931,736$22,807,630$40,127,629
85$51,304,603$28,188,285$23,508,580$43,457,545
86$56,472,579$29,504,417$24,231,024$47,097,169
87$62,165,638$30,882,989$24,975,619$51,076,856
88$68,437,273$32,326,996$25,743,043$55,430,004
89$75,346,434$33,839,578$26,533,994$60,193,360
90$82,958,079$35,424,026$27,349,191$65,407,362
91$91,343,791$37,083,791$28,189,377$71,116,512
92$100,582,450$38,822,490$29,055,314$77,369,786
93$110,760,984$40,643,915$29,947,790$84,221,090
94$121,975,180$42,552,042$30,867,616$91,729,761
95$134,330,596$44,551,040$31,815,629$99,961,111
96$147,943,553$46,645,278$32,792,690$108,987,043
97$162,942,237$48,839,338$33,799,686$118,886,711
98$179,467,902$51,138,022$34,837,532$129,747,261
99$197,676,210$53,546,367$35,907,172$141,664,641
100$217,738,697$56,069,653$37,009,575$154,744,496