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%19.7%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,256,865
2 years$670,444$657,958$645,856$634,123$622,742$572,082
3 years$442,523$429,982$417,912$406,289$395,093$346,262
4 years$328,585$316,083$304,133$292,708$281,784$235,153
5 years$260,239$247,813$236,019$224,828$214,208$169,897
6 years$214,691$202,358$190,739$179,797$169,495$127,533
7 years$182,169$169,940$158,505$147,821$137,845$98,218
8 years$157,789$145,670$134,425$124,003$114,356$77,025
9 years$138,836$126,832$115,780$105,623$96,304$61,214
10 years$123,683$111,796$100,940$91,048$82,056$49,140
11 years$111,293$99,525$88,866$79,239$70,571$39,754
12 years$100,976$89,329$78,866$69,503$61,155$32,357
13 years$92,252$80,727$70,462$61,361$53,328$26,462
14 years$84,782$73,379$63,310$54,470$46,747$21,725
15 years$78,313$67,033$57,160$48,577$41,160$17,891
16 years$72,658$61,501$51,824$43,496$36,377$14,771
17 years$67,674$56,640$47,158$39,081$32,255$12,220
18 years$63,249$52,338$43,049$35,219$28,679$10,127
19 years$59,294$48,506$39,409$31,824$25,563$8,404
20 years$55,738$45,075$36,168$28,823$22,833$6,981
21 years$52,526$41,985$33,268$26,158$20,433$5,806
22 years$49,610$39,192$30,661$23,784$18,315$4,831
23 years$46,951$36,655$28,310$21,660$16,441$4,023
24 years$44,517$34,343$26,182$19,756$14,777$3,352
25 years$42,282$32,230$24,250$18,042$13,297$2,794
26 years$40,222$30,291$22,491$16,497$11,978$2,330
27 years$38,317$28,507$20,885$15,100$10,799$1,944
28 years$36,552$26,862$19,415$13,835$9,744$1,622
29 years$34,912$25,341$18,067$12,687$8,799$1,353
30 years$33,383$23,932$16,829$11,643$7,950$1,130
31 years$31,956$22,624$15,689$10,693$7,188$943
32 years$30,621$21,407$14,638$9,827$6,502$787
33 years$29,370$20,273$13,668$9,037$5,884$657
34 years$28,195$19,214$12,770$8,315$5,327$549
35 years$27,089$18,224$11,939$7,654$4,825$458
36 years$26,047$17,297$11,169$7,049$4,372$383
37 years$25,064$16,428$10,454$6,495$3,962$320
38 years$24,134$15,613$9,790$5,987$3,592$267
39 years$23,255$14,846$9,172$5,520$3,258$223
40 years$22,421$14,125$8,597$5,091$2,955$186
41 years$21,631$13,446$8,061$4,698$2,681$156
42 years$20,880$12,805$7,562$4,335$2,432$130
43 years$20,165$12,201$7,096$4,002$2,208$109
44 years$19,486$11,630$6,660$3,695$2,004$91
45 years$18,838$11,090$6,254$3,413$1,819$76
46 years$18,220$10,580$5,874$3,152$1,652$63
47 years$17,630$10,096$5,518$2,912$1,500$53
48 years$17,067$9,638$5,186$2,691$1,362$44
49 years$16,528$9,204$4,874$2,487$1,237$37
50 years$16,012$8,792$4,582$2,299$1,124$31

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 $6,085 every year, while hoping to spend $45,115 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: 39/39/22 Blend
73$16,400,000$16,400,000$16,400,000$16,400,000
74$18,079,077$17,209,877$16,955,677$18,665,555
75$19,875,140$18,005,159$17,475,690$19,884,657
76$21,852,891$18,837,897$18,011,611$21,197,288
77$24,030,812$19,709,881$18,563,927$22,615,736
78$26,429,272$20,622,982$19,133,136$24,149,633
79$29,070,716$21,579,166$19,719,753$25,809,546
80$31,979,875$22,580,491$20,324,311$27,607,068
81$35,184,003$23,629,116$20,947,356$29,554,920
82$38,713,130$24,727,302$21,589,452$31,667,061
83$42,600,350$25,877,420$22,251,179$33,958,816
84$46,882,128$27,081,956$22,933,136$36,447,012
85$51,598,648$28,343,516$23,635,940$39,150,124
86$56,794,192$29,664,830$24,360,225$42,088,445
87$62,517,555$31,048,761$25,106,648$45,284,267
88$68,822,507$32,498,312$25,875,882$48,762,080
89$75,768,301$34,016,627$26,668,622$52,548,797
90$83,420,231$35,607,006$27,485,585$56,673,991
91$91,850,251$37,272,905$28,327,508$61,170,169
92$101,137,649$39,017,950$29,195,152$66,073,063
93$111,369,801$40,845,941$30,089,301$71,421,959
94$122,642,989$42,760,860$31,010,761$77,260,050
95$135,063,316$44,766,885$31,960,364$83,634,835
96$148,747,705$46,868,394$32,938,967$90,598,551
97$163,825,002$49,069,976$33,947,453$98,208,652
98$180,437,192$51,376,444$34,986,732$106,528,337
99$198,740,739$53,792,843$36,057,742$115,627,129
100$218,908,065$56,324,463$37,161,446$125,581,514