Can I retire at age 74 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,317,462
2 years$686,796$674,005$661,609$649,590$637,931$615,637
3 years$453,316$440,470$428,105$416,198$404,730$383,028
4 years$336,599$323,792$311,551$299,847$288,657$267,715
5 years$266,587$253,857$241,776$230,312$219,432$199,310
6 years$219,927$207,293$195,391$184,182$173,629$154,351
7 years$186,612$174,085$162,371$151,426$141,207$122,777
8 years$161,637$149,223$137,703$127,028$117,145$99,561
9 years$142,223$129,925$118,604$108,199$98,653$81,904
10 years$126,700$114,523$103,402$93,269$84,057$68,131
11 years$114,008$101,953$91,033$81,172$72,292$57,170
12 years$103,439$91,507$80,790$71,199$62,647$48,310
13 years$94,503$82,696$72,180$62,858$54,629$41,057
14 years$86,849$75,168$64,854$55,798$47,888$35,057
15 years$80,223$68,668$58,555$49,762$42,164$30,050
16 years$74,430$63,001$53,088$44,557$37,265$25,843
17 years$69,325$58,022$48,308$40,034$33,041$22,285
18 years$64,791$53,615$44,099$36,078$29,379$19,263
19 years$60,740$49,690$40,371$32,600$26,186$16,683
20 years$57,098$46,174$37,050$29,526$23,390$14,474
21 years$53,807$43,009$34,079$26,796$20,931$12,575
22 years$50,820$40,148$31,409$24,364$18,762$10,939
23 years$48,096$37,549$29,001$22,189$16,842$9,526
24 years$45,603$35,181$26,821$20,237$15,138$8,304
25 years$43,313$33,016$24,841$18,482$13,622$7,244
26 years$41,203$31,029$23,039$16,899$12,270$6,324
27 years$39,252$29,202$21,394$15,468$11,062$5,524
28 years$37,444$27,517$19,888$14,172$9,982$4,828
29 years$35,763$25,959$18,508$12,996$9,013$4,221
30 years$34,198$24,516$17,239$11,927$8,144$3,693
31 years$32,736$23,176$16,072$10,954$7,363$3,231
32 years$31,368$21,929$14,995$10,067$6,660$2,828
33 years$30,086$20,767$14,001$9,258$6,028$2,476
34 years$28,882$19,682$13,082$8,518$5,457$2,169
35 years$27,750$18,668$12,231$7,841$4,943$1,900
36 years$26,682$17,719$11,441$7,221$4,479$1,664
37 years$25,675$16,829$10,709$6,654$4,059$1,458
38 years$24,723$15,994$10,028$6,133$3,680$1,278
39 years$23,822$15,208$9,396$5,655$3,337$1,120
40 years$22,968$14,469$8,807$5,216$3,027$982
41 years$22,158$13,774$8,258$4,812$2,746$861
42 years$21,389$13,117$7,746$4,441$2,492$754
43 years$20,657$12,498$7,269$4,100$2,261$661
44 years$19,961$11,913$6,823$3,785$2,053$580
45 years$19,297$11,361$6,406$3,496$1,863$509
46 years$18,664$10,838$6,017$3,229$1,692$446
47 years$18,060$10,342$5,653$2,983$1,536$391
48 years$17,483$9,873$5,312$2,757$1,395$343
49 years$16,931$9,428$4,993$2,548$1,267$301
50 years$16,403$9,006$4,694$2,355$1,151$264

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $16,800,000, adding $4,982 every year, while hoping to spend $40,017 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: 34/40/26 Blend
73$16,800,000$16,800,000$16,800,000$16,800,000
74$18,518,739$17,628,339$17,367,939$19,002,067
75$20,365,073$18,449,550$17,907,187$20,186,339
76$22,398,391$19,309,659$18,463,159$21,458,564
77$24,637,724$20,210,530$19,036,372$22,829,718
78$27,104,043$21,154,116$19,627,361$24,308,622
79$29,820,454$22,142,466$20,236,676$25,904,940
80$32,812,420$23,177,727$20,864,885$27,629,267
81$36,108,001$24,262,150$21,512,573$29,493,218
82$39,738,116$25,398,094$22,180,343$31,509,530
83$43,736,836$26,588,033$22,868,816$33,692,173
84$48,141,706$27,834,560$23,578,635$36,056,476
85$52,994,101$29,140,393$24,310,460$38,619,259
86$58,339,610$30,508,384$25,064,971$41,398,984
87$64,228,475$31,941,520$25,842,873$44,415,916
88$70,716,059$33,442,933$26,644,888$47,692,309
89$77,863,368$35,015,908$27,471,763$51,252,600
90$85,737,633$36,663,889$28,324,269$55,123,629
91$94,412,938$38,390,485$29,203,197$59,334,883
92$103,970,920$40,199,482$30,109,367$63,918,759
93$114,501,544$42,094,847$31,043,621$68,910,855
94$126,103,948$44,080,741$32,006,829$74,350,296
95$138,887,379$46,161,526$32,999,887$80,280,086
96$152,972,227$48,341,775$34,023,718$86,747,500
97$168,491,157$50,626,285$35,079,275$93,804,514
98$185,590,363$53,020,082$36,167,539$101,508,276
99$204,430,952$55,528,437$37,289,524$109,921,635
100$225,190,458$58,156,879$38,446,271$119,113,708