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

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,282,902
2 years$682,708$669,993$657,671$645,723$634,134$585,533
3 years$450,618$437,848$425,556$413,721$402,321$355,426
4 years$334,595$321,865$309,696$298,063$286,938$242,108
5 years$265,000$252,346$240,337$228,941$218,126$175,476
6 years$218,618$206,059$194,228$183,086$172,596$132,157
7 years$185,501$173,048$161,404$150,525$140,367$102,130
8 years$160,675$148,334$136,884$126,272$116,448$80,379
9 years$141,376$129,152$117,898$107,555$98,066$64,116
10 years$125,946$113,841$102,786$92,714$83,557$51,665
11 years$113,329$101,346$90,491$80,689$71,862$41,961
12 years$102,823$90,963$80,309$70,775$62,274$34,290
13 years$93,940$82,204$71,750$62,484$54,304$28,159
14 years$86,333$74,721$64,468$55,466$47,603$23,215
15 years$79,745$68,259$58,206$49,466$41,913$19,201
16 years$73,987$62,626$52,772$44,291$37,043$15,921
17 years$68,912$57,676$48,021$39,795$32,845$13,230
18 years$64,405$53,296$43,837$35,864$29,204$11,013
19 years$60,378$49,394$40,130$32,406$26,030$9,181
20 years$56,758$45,899$36,830$29,350$23,251$7,662
21 years$53,487$42,753$33,876$26,637$20,807$6,401
22 years$50,517$39,909$31,222$24,219$18,650$5,352
23 years$47,810$37,326$28,828$22,057$16,742$4,478
24 years$45,332$34,972$26,661$20,117$15,048$3,749
25 years$43,055$32,819$24,694$18,372$13,541$3,140
26 years$40,957$30,845$22,902$16,798$12,197$2,631
27 years$39,018$29,029$21,267$15,376$10,997$2,205
28 years$37,221$27,353$19,770$14,088$9,922$1,849
29 years$35,550$25,805$18,398$12,919$8,960$1,551
30 years$33,994$24,370$17,137$11,856$8,096$1,301
31 years$32,541$23,038$15,976$10,889$7,319$1,091
32 years$31,182$21,798$14,906$10,007$6,621$916
33 years$29,907$20,643$13,918$9,202$5,992$768
34 years$28,710$19,565$13,004$8,467$5,425$645
35 years$27,584$18,557$12,158$7,794$4,914$541
36 years$26,523$17,614$11,373$7,178$4,452$454
37 years$25,522$16,729$10,645$6,614$4,035$381
38 years$24,576$15,898$9,969$6,096$3,658$320
39 years$23,680$15,118$9,340$5,621$3,317$269
40 years$22,832$14,383$8,754$5,185$3,009$226
41 years$22,026$13,692$8,209$4,783$2,730$189
42 years$21,262$13,039$7,700$4,415$2,477$159
43 years$20,534$12,424$7,225$4,075$2,248$133
44 years$19,842$11,843$6,782$3,763$2,040$112
45 years$19,182$11,293$6,368$3,475$1,852$94
46 years$18,553$10,773$5,981$3,210$1,682$79
47 years$17,953$10,281$5,619$2,966$1,527$66
48 years$17,379$9,814$5,281$2,740$1,387$56
49 years$16,830$9,372$4,963$2,533$1,260$47
50 years$16,305$8,953$4,666$2,341$1,144$39

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 $3,539 every year, while hoping to spend $52,544 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: 53/26/21 Blend
73$16,700,000$16,700,000$16,700,000$16,700,000
74$18,407,050$17,521,950$17,263,100$19,276,186
75$20,228,663$18,324,620$17,785,508$20,676,815
76$22,234,319$19,164,859$18,323,655$22,194,332
77$24,442,736$20,044,453$18,878,013$23,844,530
78$26,874,537$20,965,273$19,449,069$25,640,070
79$29,552,450$21,929,281$20,037,322$27,594,869
80$32,501,515$22,938,532$20,643,289$29,724,227
81$35,749,329$23,995,179$21,267,498$32,044,962
82$39,326,299$25,101,481$21,910,498$34,575,570
83$43,265,932$26,259,804$22,572,849$37,336,388
84$47,605,150$27,472,627$23,255,133$40,349,783
85$52,384,640$28,742,551$23,957,945$43,640,358
86$57,649,237$30,072,300$24,681,900$47,235,175
87$63,448,346$31,464,729$25,427,630$51,164,006
88$69,836,409$32,922,832$26,195,787$55,459,607
89$76,873,419$34,449,747$26,987,042$60,158,018
90$84,625,485$36,048,762$27,802,086$65,298,899
91$93,165,458$37,723,325$28,641,629$70,925,893
92$102,573,615$39,477,048$29,506,404$77,087,032
93$112,938,421$41,313,721$30,397,165$83,835,181
94$124,357,359$43,237,312$31,314,690$91,228,529
95$136,937,854$45,251,986$32,259,777$99,331,126
96$150,798,286$47,362,103$33,233,250$108,213,482
97$166,069,103$49,572,239$34,235,956$117,953,220
98$182,894,060$51,887,187$35,268,769$128,635,797
99$201,431,569$54,311,973$36,332,587$140,355,302
100$221,856,196$56,851,867$37,428,336$153,215,330