Can I retire at age 74 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,255,872
2 years$670,444$657,958$645,856$634,123$622,742$571,111
3 years$442,523$429,982$417,912$406,289$395,093$345,342
4 years$328,585$316,083$304,133$292,708$281,784$234,292
5 years$260,239$247,813$236,019$224,828$214,208$169,096
6 years$214,691$202,358$190,739$179,797$169,495$126,792
7 years$182,169$169,940$158,505$147,821$137,845$97,536
8 years$157,789$145,670$134,425$124,003$114,356$76,399
9 years$138,836$126,832$115,780$105,623$96,304$60,642
10 years$123,683$111,796$100,940$91,048$82,056$48,619
11 years$111,293$99,525$88,866$79,239$70,571$39,281
12 years$100,976$89,329$78,866$69,503$61,155$31,929
13 years$92,252$80,727$70,462$61,361$53,328$26,077
14 years$84,782$73,379$63,310$54,470$46,747$21,378
15 years$78,313$67,033$57,160$48,577$41,160$17,581
16 years$72,658$61,501$51,824$43,496$36,377$14,494
17 years$67,674$56,640$47,158$39,081$32,255$11,973
18 years$63,249$52,338$43,049$35,219$28,679$9,907
19 years$59,294$48,506$39,409$31,824$25,563$8,209
20 years$55,738$45,075$36,168$28,823$22,833$6,809
21 years$52,526$41,985$33,268$26,158$20,433$5,653
22 years$49,610$39,192$30,661$23,784$18,315$4,697
23 years$46,951$36,655$28,310$21,660$16,441$3,906
24 years$44,517$34,343$26,182$19,756$14,777$3,249
25 years$42,282$32,230$24,250$18,042$13,297$2,704
26 years$40,222$30,291$22,491$16,497$11,978$2,251
27 years$38,317$28,507$20,885$15,100$10,799$1,875
28 years$36,552$26,862$19,415$13,835$9,744$1,562
29 years$34,912$25,341$18,067$12,687$8,799$1,301
30 years$33,383$23,932$16,829$11,643$7,950$1,084
31 years$31,956$22,624$15,689$10,693$7,188$904
32 years$30,621$21,407$14,638$9,827$6,502$753
33 years$29,370$20,273$13,668$9,037$5,884$628
34 years$28,195$19,214$12,770$8,315$5,327$523
35 years$27,089$18,224$11,939$7,654$4,825$436
36 years$26,047$17,297$11,169$7,049$4,372$364
37 years$25,064$16,428$10,454$6,495$3,962$303
38 years$24,134$15,613$9,790$5,987$3,592$253
39 years$23,255$14,846$9,172$5,520$3,258$211
40 years$22,421$14,125$8,597$5,091$2,955$176
41 years$21,631$13,446$8,061$4,698$2,681$147
42 years$20,880$12,805$7,562$4,335$2,432$122
43 years$20,165$12,201$7,096$4,002$2,208$102
44 years$19,486$11,630$6,660$3,695$2,004$85
45 years$18,838$11,090$6,254$3,413$1,819$71
46 years$18,220$10,580$5,874$3,152$1,652$59
47 years$17,630$10,096$5,518$2,912$1,500$49
48 years$17,067$9,638$5,186$2,691$1,362$41
49 years$16,528$9,204$4,874$2,487$1,237$34
50 years$16,012$8,792$4,582$2,299$1,124$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $16,400,000, adding $2,688 every year, while hoping to spend $49,859 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: 48/25/27 Blend
73$16,400,000$16,400,000$16,400,000$16,400,000
74$18,075,573$17,206,373$16,952,173$18,803,850
75$19,866,231$17,996,435$17,467,021$20,105,819
76$21,837,866$18,823,540$17,997,445$21,513,773
77$24,008,884$19,689,449$18,543,915$23,041,850
78$26,399,568$20,596,010$19,106,914$24,701,399
79$29,032,268$21,545,158$19,686,940$26,504,887
80$31,931,611$22,538,923$20,284,504$28,466,019
81$35,124,736$23,579,430$20,900,135$30,599,853
82$38,641,547$24,668,910$21,534,378$32,922,945
83$42,514,996$25,809,698$22,187,791$35,453,494
84$46,781,395$27,004,243$22,860,951$38,211,511
85$51,480,758$28,255,112$23,554,454$41,219,000
86$56,657,178$29,564,994$24,268,910$44,500,161
87$62,359,241$30,936,710$25,004,950$48,081,610
88$68,640,491$32,373,216$25,763,223$51,992,626
89$75,559,927$33,877,610$26,544,397$56,265,417
90$83,182,566$35,453,139$27,349,161$60,935,417
91$91,580,054$37,103,209$28,178,223$66,041,616
92$100,831,340$38,831,387$29,032,315$71,626,914
93$111,023,426$40,641,414$29,912,187$77,738,522
94$122,252,185$42,537,213$30,818,614$84,428,399
95$134,623,265$44,522,893$31,752,395$91,753,728
96$148,253,088$46,602,765$32,714,350$99,777,452
97$163,269,947$48,781,345$33,705,325$108,568,855
98$179,815,220$51,063,369$34,726,192$118,204,203
99$198,044,701$53,453,802$35,777,848$128,767,459
100$218,130,071$55,957,849$36,861,216$140,351,059