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

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,273,616
2 years$674,532$661,969$649,794$637,990$626,540$584,495
3 years$445,221$432,604$420,460$408,766$397,502$356,851
4 years$330,588$318,010$305,987$294,493$283,502$244,555
5 years$261,826$249,324$237,459$226,199$215,514$178,375
6 years$216,000$203,592$191,902$180,893$170,529$135,229
7 years$183,280$170,976$159,471$148,722$138,686$105,222
8 years$158,751$146,558$135,244$124,759$115,053$83,403
9 years$139,683$127,605$116,486$106,267$96,891$67,018
10 years$124,437$112,478$101,555$91,603$82,556$54,414
11 years$111,972$100,132$89,407$79,722$71,001$44,539
12 years$101,592$89,873$79,347$69,927$61,528$36,689
13 years$92,815$81,219$70,891$61,735$53,654$30,376
14 years$85,299$73,826$63,696$54,802$47,032$25,254
15 years$78,790$67,441$57,509$48,873$41,411$21,065
16 years$73,101$61,876$52,140$43,761$36,599$17,620
17 years$68,087$56,986$47,446$39,319$32,451$14,771
18 years$63,634$52,657$43,312$35,434$28,854$12,407
19 years$59,655$48,802$39,650$32,018$25,718$10,437
20 years$56,078$45,349$36,389$28,998$22,972$8,791
21 years$52,846$42,241$33,470$26,318$20,558$7,413
22 years$49,912$39,431$30,848$23,929$18,427$6,257
23 years$47,237$36,879$28,483$21,793$16,541$5,285
24 years$44,789$34,553$26,342$19,876$14,867$4,467
25 years$42,540$32,426$24,398$18,152$13,378$3,777
26 years$40,467$30,475$22,628$16,597$12,051$3,196
27 years$38,551$28,681$21,012$15,192$10,865$2,705
28 years$36,775$27,026$19,533$13,919$9,804$2,290
29 years$35,124$25,496$18,177$12,764$8,852$1,939
30 years$33,587$24,078$16,932$11,714$7,999$1,643
31 years$32,151$22,762$15,785$10,759$7,232$1,392
32 years$30,808$21,537$14,727$9,887$6,541$1,179
33 years$29,549$20,396$13,751$9,092$5,920$1,000
34 years$28,367$19,331$12,848$8,366$5,360$847
35 years$27,254$18,335$12,012$7,701$4,855$718
36 years$26,206$17,403$11,237$7,092$4,399$609
37 years$25,216$16,529$10,518$6,535$3,987$516
38 years$24,281$15,708$9,849$6,023$3,614$438
39 years$23,397$14,937$9,228$5,554$3,277$371
40 years$22,558$14,211$8,649$5,123$2,973$315
41 years$21,763$13,528$8,110$4,726$2,697$267
42 years$21,007$12,883$7,608$4,362$2,447$226
43 years$20,288$12,275$7,139$4,026$2,221$192
44 years$19,604$11,701$6,701$3,718$2,016$163
45 years$18,953$11,158$6,292$3,433$1,830$138
46 years$18,331$10,644$5,910$3,171$1,662$117
47 years$17,738$10,158$5,552$2,930$1,509$99
48 years$17,171$9,697$5,217$2,707$1,370$84
49 years$16,629$9,260$4,904$2,502$1,245$71
50 years$16,110$8,846$4,610$2,313$1,130$61

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 $4,903 every year, while hoping to spend $46,041 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: 63/27/10 Blend
73$16,500,000$16,500,000$16,500,000$16,500,000
74$18,188,057$17,313,557$17,057,807$19,293,475
75$19,994,252$18,112,934$17,580,257$20,832,216
76$21,983,135$18,949,938$18,118,665$22,505,851
77$24,173,293$19,826,363$18,673,518$24,332,093
78$26,585,205$20,744,091$19,245,317$26,325,743
79$29,241,439$21,705,094$19,834,578$28,503,082
80$32,166,861$22,711,439$20,441,832$30,882,013
81$35,388,874$23,765,293$21,067,627$33,482,233
82$38,937,675$24,868,927$21,712,527$36,325,406
83$42,846,535$26,024,722$22,377,115$39,435,368
84$47,152,122$27,235,174$23,061,988$42,838,342
85$51,894,838$28,502,898$23,767,765$46,563,185
86$57,119,208$29,830,636$24,495,081$50,641,649
87$62,874,292$31,221,262$25,244,591$55,108,678
88$69,214,157$32,677,791$26,016,972$60,002,732
89$76,198,378$34,203,380$26,812,918$65,366,138
90$83,892,608$35,801,340$27,633,146$71,245,487
91$92,369,192$37,475,144$28,478,394$77,692,067
92$101,707,853$39,228,430$29,349,424$84,762,334
93$111,996,443$41,065,012$30,247,018$92,518,444
94$123,331,772$42,988,889$31,171,986$101,028,823
95$135,820,523$45,004,256$32,125,158$110,368,811
96$149,580,258$47,115,505$33,107,392$120,621,359
97$164,740,526$49,327,247$34,119,571$131,877,806
98$181,444,088$51,644,311$35,162,605$144,238,728
99$199,848,265$54,071,761$36,237,432$157,814,876
100$220,126,419$56,614,909$37,345,017$172,728,215