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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.4%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,250,685
2 years$666,356$653,946$641,918$630,257$618,945$570,048
3 years$439,824$427,361$415,363$403,811$392,684$345,528
4 years$326,581$314,155$302,278$290,923$280,066$235,010
5 years$258,653$246,302$234,580$223,457$212,901$170,062
6 years$213,382$201,124$189,576$178,700$168,462$127,869
7 years$181,058$168,903$157,538$146,919$137,004$98,646
8 years$156,827$144,781$133,605$123,247$113,658$77,499
9 years$137,990$126,058$115,074$104,979$95,717$61,704
10 years$122,929$111,114$100,324$90,493$81,556$49,628
11 years$110,615$98,918$88,324$78,756$70,140$40,228
12 years$100,360$88,784$78,385$69,080$60,782$32,808
13 years$91,690$80,235$70,032$60,987$53,003$26,886
14 years$84,265$72,931$62,924$54,137$46,462$22,120
15 years$77,835$66,624$56,812$48,281$40,909$18,255
16 years$72,215$61,126$51,508$43,230$36,156$15,105
17 years$67,261$56,295$46,870$38,842$32,058$12,524
18 years$62,863$52,019$42,787$35,005$28,505$10,402
19 years$58,932$48,211$39,169$31,630$25,407$8,651
20 years$55,399$44,800$35,948$28,647$22,694$7,204
21 years$52,206$41,729$33,065$25,999$20,308$6,004
22 years$49,307$38,953$30,474$23,639$18,204$5,009
23 years$46,665$36,432$28,138$21,528$16,341$4,181
24 years$44,246$34,134$26,023$19,635$14,687$3,492
25 years$42,024$32,033$24,102$17,932$13,216$2,918
26 years$39,976$30,106$22,353$16,396$11,905$2,439
27 years$38,084$28,333$20,757$15,008$10,733$2,039
28 years$36,329$26,698$19,296$13,750$9,685$1,706
29 years$34,699$25,187$17,957$12,609$8,745$1,427
30 years$33,180$23,786$16,726$11,572$7,902$1,194
31 years$31,762$22,486$15,593$10,628$7,144$999
32 years$30,435$21,276$14,549$9,768$6,462$836
33 years$29,191$20,149$13,584$8,982$5,848$700
34 years$28,023$19,097$12,692$8,264$5,295$586
35 years$26,924$18,113$11,867$7,608$4,796$491
36 years$25,888$17,192$11,101$7,007$4,345$411
37 years$24,911$16,328$10,390$6,456$3,938$344
38 years$23,987$15,518$9,730$5,950$3,570$288
39 years$23,113$14,756$9,116$5,486$3,238$241
40 years$22,285$14,039$8,544$5,060$2,937$202
41 years$21,499$13,364$8,012$4,669$2,664$169
42 years$20,752$12,727$7,515$4,309$2,418$142
43 years$20,042$12,126$7,052$3,978$2,194$119
44 years$19,367$11,559$6,620$3,673$1,992$99
45 years$18,723$11,023$6,216$3,392$1,808$83
46 years$18,109$10,515$5,838$3,133$1,642$70
47 years$17,523$10,035$5,485$2,895$1,491$58
48 years$16,963$9,579$5,154$2,675$1,354$49
49 years$16,427$9,148$4,845$2,472$1,229$41
50 years$15,914$8,738$4,555$2,285$1,117$34

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 $2,614 every year, while hoping to spend $23,120 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: 40/40/20 Blend
73$16,300,000$16,300,000$16,300,000$16,300,000
74$17,965,296$17,101,396$16,848,746$18,577,303
75$19,773,157$17,914,765$17,388,580$19,828,913
76$21,764,645$18,767,214$17,945,723$21,179,662
77$23,958,465$19,660,634$18,520,731$22,640,485
78$26,375,230$20,597,007$19,114,177$24,221,418
79$29,037,655$21,578,412$19,726,654$25,933,468
80$31,970,770$22,607,028$20,358,771$27,788,710
81$35,202,158$23,685,142$21,011,159$29,800,391
82$38,762,214$24,815,150$21,684,469$31,983,051
83$42,684,433$25,999,565$22,379,371$34,352,647
84$47,005,725$27,241,024$23,096,560$36,926,698
85$51,766,765$28,542,290$23,836,751$39,724,442
86$57,012,374$29,906,261$24,600,681$42,767,004
87$62,791,945$31,335,977$25,389,113$46,077,590
88$69,159,908$32,834,625$26,202,833$49,681,692
89$76,176,244$34,405,547$27,042,653$53,607,320
90$83,907,050$36,052,248$27,909,411$57,885,254
91$92,425,164$37,778,403$28,803,972$62,549,322
92$101,810,853$39,587,867$29,727,227$67,636,707
93$112,152,570$41,484,682$30,680,099$73,188,286
94$123,547,787$43,473,087$31,663,537$79,249,000
95$136,103,920$45,557,526$32,678,524$85,868,266
96$149,939,337$47,742,663$33,726,072$93,100,426
97$165,184,481$50,033,385$34,807,227$101,005,247
98$181,983,096$52,434,819$35,923,068$109,648,465
99$200,493,589$54,952,342$37,074,707$119,102,393
100$220,890,521$57,591,592$38,263,296$129,446,581