Can I retire at age 74 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,301,074
2 years$682,708$669,993$657,671$645,723$634,134$603,467
3 years$450,618$437,848$425,556$413,721$402,321$372,551
4 years$334,595$321,865$309,696$298,063$286,938$258,296
5 years$265,000$252,346$240,337$228,941$218,126$190,691
6 years$218,618$206,059$194,228$183,086$172,596$146,397
7 years$185,501$173,048$161,404$150,525$140,367$115,408
8 years$160,675$148,334$136,884$126,272$116,448$92,719
9 years$141,376$129,152$117,898$107,555$98,066$75,549
10 years$125,946$113,841$102,786$92,714$83,557$62,228
11 years$113,329$101,346$90,491$80,689$71,862$51,692
12 years$102,823$90,963$80,309$70,775$62,274$43,231
13 years$93,940$82,204$71,750$62,484$54,304$36,352
14 years$86,333$74,721$64,468$55,466$47,603$30,704
15 years$79,745$68,259$58,206$49,466$41,913$26,029
16 years$73,987$62,626$52,772$44,291$37,043$22,134
17 years$68,912$57,676$48,021$39,795$32,845$18,869
18 years$64,405$53,296$43,837$35,864$29,204$16,120
19 years$60,378$49,394$40,130$32,406$26,030$13,797
20 years$56,758$45,899$36,830$29,350$23,251$11,827
21 years$53,487$42,753$33,876$26,637$20,807$10,151
22 years$50,517$39,909$31,222$24,219$18,650$8,722
23 years$47,810$37,326$28,828$22,057$16,742$7,502
24 years$45,332$34,972$26,661$20,117$15,048$6,457
25 years$43,055$32,819$24,694$18,372$13,541$5,562
26 years$40,957$30,845$22,902$16,798$12,197$4,794
27 years$39,018$29,029$21,267$15,376$10,997$4,134
28 years$37,221$27,353$19,770$14,088$9,922$3,566
29 years$35,550$25,805$18,398$12,919$8,960$3,077
30 years$33,994$24,370$17,137$11,856$8,096$2,657
31 years$32,541$23,038$15,976$10,889$7,319$2,294
32 years$31,182$21,798$14,906$10,007$6,621$1,982
33 years$29,907$20,643$13,918$9,202$5,992$1,712
34 years$28,710$19,565$13,004$8,467$5,425$1,479
35 years$27,584$18,557$12,158$7,794$4,914$1,278
36 years$26,523$17,614$11,373$7,178$4,452$1,105
37 years$25,522$16,729$10,645$6,614$4,035$955
38 years$24,576$15,898$9,969$6,096$3,658$826
39 years$23,680$15,118$9,340$5,621$3,317$714
40 years$22,832$14,383$8,754$5,185$3,009$617
41 years$22,026$13,692$8,209$4,783$2,730$534
42 years$21,262$13,039$7,700$4,415$2,477$462
43 years$20,534$12,424$7,225$4,075$2,248$399
44 years$19,842$11,843$6,782$3,763$2,040$345
45 years$19,182$11,293$6,368$3,475$1,852$299
46 years$18,553$10,773$5,981$3,210$1,682$258
47 years$17,953$10,281$5,619$2,966$1,527$223
48 years$17,379$9,814$5,281$2,740$1,387$193
49 years$16,830$9,372$4,963$2,533$1,260$167
50 years$16,305$8,953$4,666$2,341$1,144$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $16,700,000, adding $4,847 every year, while hoping to spend $21,775 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: 72/10/18 Blend
73$16,700,000$16,700,000$16,700,000$16,700,000
74$18,408,400$17,523,300$17,264,450$19,655,439
75$20,262,888$18,358,773$17,819,640$21,320,164
76$22,305,804$19,234,455$18,392,700$23,139,622
77$24,556,345$20,152,292$18,984,204$25,131,673
78$27,035,665$21,114,327$19,594,748$27,313,427
79$29,767,074$22,122,700$20,224,943$29,703,718
80$32,776,261$23,179,658$20,875,424$32,323,281
81$36,091,533$24,287,554$21,546,844$35,194,944
82$39,744,083$25,448,858$22,239,877$38,343,844
83$43,768,287$26,666,159$22,955,220$41,797,655
84$48,202,024$27,942,173$23,693,592$45,586,851
85$53,087,038$29,279,747$24,455,735$49,744,991
86$58,469,328$30,681,866$25,242,414$54,309,027
87$64,399,585$32,151,663$26,054,420$59,319,656
88$70,933,669$33,692,421$26,892,570$64,821,695
89$78,133,137$35,307,584$27,757,705$70,864,506
90$86,065,825$37,000,764$28,650,696$77,502,450
91$94,806,485$38,775,747$29,572,440$84,795,405
92$104,437,493$40,636,505$30,523,864$92,809,320
93$115,049,628$42,587,205$31,505,924$101,616,838
94$126,742,925$44,632,213$32,519,607$111,297,972
95$139,627,623$46,776,110$33,565,933$121,940,861
96$153,825,203$49,023,702$34,645,955$133,642,592
97$169,469,537$51,380,026$35,760,757$146,510,115
98$186,708,148$53,850,366$36,911,461$160,661,245
99$205,703,609$56,440,264$38,099,224$176,225,768
100$226,635,070$59,155,530$39,325,241$193,346,664