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%11.5%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,291,593
2 years$666,356$653,946$641,918$630,257$618,945$610,682
3 years$439,824$427,361$415,363$403,811$392,684$384,606
4 years$326,581$314,155$302,278$290,923$280,066$272,234
5 years$258,653$246,302$234,580$223,457$212,901$205,340
6 years$213,382$201,124$189,576$178,700$168,462$161,180
7 years$181,058$168,903$157,538$146,919$137,004$130,005
8 years$156,827$144,781$133,605$123,247$113,658$106,943
9 years$137,990$126,058$115,074$104,979$95,717$89,283
10 years$122,929$111,114$100,324$90,493$81,556$75,400
11 years$110,615$98,918$88,324$78,756$70,140$64,259
12 years$100,360$88,784$78,385$69,080$60,782$55,169
13 years$91,690$80,235$70,032$60,987$53,003$47,654
14 years$84,265$72,931$62,924$54,137$46,462$41,370
15 years$77,835$66,624$56,812$48,281$40,909$36,067
16 years$72,215$61,126$51,508$43,230$36,156$31,557
17 years$67,261$56,295$46,870$38,842$32,058$27,695
18 years$62,863$52,019$42,787$35,005$28,505$24,370
19 years$58,932$48,211$39,169$31,630$25,407$21,493
20 years$55,399$44,800$35,948$28,647$22,694$18,993
21 years$52,206$41,729$33,065$25,999$20,308$16,812
22 years$49,307$38,953$30,474$23,639$18,204$14,904
23 years$46,665$36,432$28,138$21,528$16,341$13,230
24 years$44,246$34,134$26,023$19,635$14,687$11,757
25 years$42,024$32,033$24,102$17,932$13,216$10,459
26 years$39,976$30,106$22,353$16,396$11,905$9,313
27 years$38,084$28,333$20,757$15,008$10,733$8,299
28 years$36,329$26,698$19,296$13,750$9,685$7,400
29 years$34,699$25,187$17,957$12,609$8,745$6,603
30 years$33,180$23,786$16,726$11,572$7,902$5,895
31 years$31,762$22,486$15,593$10,628$7,144$5,265
32 years$30,435$21,276$14,549$9,768$6,462$4,705
33 years$29,191$20,149$13,584$8,982$5,848$4,206
34 years$28,023$19,097$12,692$8,264$5,295$3,761
35 years$26,924$18,113$11,867$7,608$4,796$3,365
36 years$25,888$17,192$11,101$7,007$4,345$3,011
37 years$24,911$16,328$10,390$6,456$3,938$2,694
38 years$23,987$15,518$9,730$5,950$3,570$2,412
39 years$23,113$14,756$9,116$5,486$3,238$2,160
40 years$22,285$14,039$8,544$5,060$2,937$1,934
41 years$21,499$13,364$8,012$4,669$2,664$1,732
42 years$20,752$12,727$7,515$4,309$2,418$1,552
43 years$20,042$12,126$7,052$3,978$2,194$1,390
44 years$19,367$11,559$6,620$3,673$1,992$1,246
45 years$18,723$11,023$6,216$3,392$1,808$1,116
46 years$18,109$10,515$5,838$3,133$1,642$1,000
47 years$17,523$10,035$5,485$2,895$1,491$896
48 years$16,963$9,579$5,154$2,675$1,354$803
49 years$16,427$9,148$4,845$2,472$1,229$720
50 years$15,914$8,738$4,555$2,285$1,117$646

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 $2,585 every year, while hoping to spend $59,576 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: 42/36/22 Blend
73$16,300,000$16,300,000$16,300,000$16,300,000
74$17,965,266$17,101,366$16,848,716$18,603,916
75$19,734,335$17,875,945$17,349,760$19,833,627
76$21,681,852$18,686,481$17,865,592$21,158,527
77$23,825,956$19,534,674$18,396,644$22,592,101
78$26,186,635$20,422,304$18,943,363$24,144,373
79$28,785,911$21,351,236$19,506,205$25,826,346
80$31,648,052$22,323,425$20,085,641$27,650,098
81$34,799,801$23,340,920$20,682,157$29,628,888
82$38,270,623$24,405,867$21,296,252$31,777,279
83$42,092,987$25,520,516$21,928,437$34,111,267
84$46,302,674$26,687,223$22,579,242$36,648,421
85$50,939,110$27,908,460$23,249,209$39,408,046
86$56,045,738$29,186,814$23,938,898$42,411,355
87$61,670,435$30,524,999$24,648,882$45,681,661
88$67,865,953$31,925,858$25,379,754$49,244,590
89$74,690,427$33,392,371$26,132,121$53,128,312
90$82,207,914$34,927,661$26,906,611$57,363,797
91$90,489,005$36,535,000$27,703,866$61,985,101
92$99,611,488$38,217,820$28,524,550$67,029,672
93$109,661,081$39,979,714$29,369,344$72,538,698
94$120,732,243$41,824,452$30,238,949$78,557,480
95$132,929,064$43,755,983$31,134,086$85,135,852
96$146,366,248$45,778,445$32,055,497$92,328,634
97$161,170,195$47,896,179$33,003,946$100,196,143
98$177,480,194$50,113,731$33,980,218$108,804,742
99$195,449,739$52,435,869$34,985,120$118,227,459
100$215,247,973$54,867,587$36,019,482$128,544,656