Can I retire at age 74 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,308,538
2 years$674,532$661,969$649,794$637,990$626,540$619,280
3 years$445,221$432,604$420,460$408,766$397,502$390,402
4 years$330,588$318,010$305,987$294,493$283,502$276,616
5 years$261,826$249,324$237,459$226,199$215,514$208,863
6 years$216,000$203,592$191,902$180,893$170,529$164,121
7 years$183,280$170,976$159,471$148,722$138,686$132,524
8 years$158,751$146,558$135,244$124,759$115,053$109,138
9 years$139,683$127,605$116,486$106,267$96,891$91,222
10 years$124,437$112,478$101,555$91,603$82,556$77,129
11 years$111,972$100,132$89,407$79,722$71,001$65,813
12 years$101,592$89,873$79,347$69,927$61,528$56,575
13 years$92,815$81,219$70,891$61,735$53,654$48,930
14 years$85,299$73,826$63,696$54,802$47,032$42,533
15 years$78,790$67,441$57,509$48,873$41,411$37,131
16 years$73,101$61,876$52,140$43,761$36,599$32,532
17 years$68,087$56,986$47,446$39,319$32,451$28,590
18 years$63,634$52,657$43,312$35,434$28,854$25,193
19 years$59,655$48,802$39,650$32,018$25,718$22,250
20 years$56,078$45,349$36,389$28,998$22,972$19,690
21 years$52,846$42,241$33,470$26,318$20,558$17,455
22 years$49,912$39,431$30,848$23,929$18,427$15,497
23 years$47,237$36,879$28,483$21,793$16,541$13,777
24 years$44,789$34,553$26,342$19,876$14,867$12,263
25 years$42,540$32,426$24,398$18,152$13,378$10,926
26 years$40,467$30,475$22,628$16,597$12,051$9,743
27 years$38,551$28,681$21,012$15,192$10,865$8,696
28 years$36,775$27,026$19,533$13,919$9,804$7,767
29 years$35,124$25,496$18,177$12,764$8,852$6,941
30 years$33,587$24,078$16,932$11,714$7,999$6,207
31 years$32,151$22,762$15,785$10,759$7,232$5,553
32 years$30,808$21,537$14,727$9,887$6,541$4,970
33 years$29,549$20,396$13,751$9,092$5,920$4,450
34 years$28,367$19,331$12,848$8,366$5,360$3,986
35 years$27,254$18,335$12,012$7,701$4,855$3,572
36 years$26,206$17,403$11,237$7,092$4,399$3,201
37 years$25,216$16,529$10,518$6,535$3,987$2,870
38 years$24,281$15,708$9,849$6,023$3,614$2,574
39 years$23,397$14,937$9,228$5,554$3,277$2,308
40 years$22,558$14,211$8,649$5,123$2,973$2,071
41 years$21,763$13,528$8,110$4,726$2,697$1,858
42 years$21,007$12,883$7,608$4,362$2,447$1,667
43 years$20,288$12,275$7,139$4,026$2,221$1,496
44 years$19,604$11,701$6,701$3,718$2,016$1,343
45 years$18,953$11,158$6,292$3,433$1,830$1,205
46 years$18,331$10,644$5,910$3,171$1,662$1,082
47 years$17,738$10,158$5,552$2,930$1,509$971
48 years$17,171$9,697$5,217$2,707$1,370$872
49 years$16,629$9,260$4,904$2,502$1,245$783
50 years$16,110$8,846$4,610$2,313$1,130$703

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $16,500,000, adding $6,249 every year, while hoping to spend $42,869 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: 64/11/25 Blend
73$16,500,000$16,500,000$16,500,000$16,500,000
74$18,189,446$17,314,946$17,059,196$19,233,784
75$19,999,157$18,117,766$17,585,067$20,742,761
76$21,992,022$18,958,487$18,127,117$22,385,466
77$24,186,677$19,838,922$18,685,845$24,179,384
78$26,603,658$20,760,969$19,261,761$26,139,351
79$29,265,595$21,726,620$19,855,393$28,281,692
80$32,197,422$22,737,961$20,467,285$30,624,376
81$35,426,618$23,797,180$21,097,998$33,187,180
82$38,983,461$24,906,570$21,748,109$35,991,872
83$42,901,318$26,068,536$22,418,214$39,062,416
84$47,216,954$27,285,596$23,108,926$42,425,193
85$51,970,885$28,560,392$23,820,877$46,109,245
86$57,207,759$29,895,694$24,554,720$50,146,549
87$62,976,772$31,294,406$25,311,125$54,572,312
88$69,332,141$32,759,569$26,090,785$59,425,301
89$76,333,606$34,294,375$26,894,414$64,748,204
90$84,047,003$35,902,169$27,722,746$70,588,027
91$92,544,879$37,586,456$28,576,540$76,996,539
92$101,907,178$39,350,914$29,456,575$84,030,748
93$112,221,998$41,199,396$30,363,658$91,753,440
94$123,586,418$43,135,943$31,298,616$100,233,764
95$136,107,418$45,164,790$32,262,306$109,547,883
96$149,902,890$47,290,380$33,255,608$119,779,680
97$165,102,743$49,517,367$34,279,430$131,021,553
98$181,850,139$51,850,634$35,334,707$143,375,274
99$200,302,838$54,295,299$36,422,404$156,952,948
100$220,634,687$56,856,729$37,543,514$171,878,064