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

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,309,398
2 years$686,796$674,005$661,609$649,590$637,931$607,609
3 years$453,316$440,470$428,105$416,198$404,730$375,290
4 years$336,599$323,792$311,551$299,847$288,657$260,327
5 years$266,587$253,857$241,776$230,312$219,432$192,291
6 years$219,927$207,293$195,391$184,182$173,629$147,706
7 years$186,612$174,085$162,371$151,426$141,207$116,505
8 years$161,637$149,223$137,703$127,028$117,145$93,655
9 years$142,223$129,925$118,604$108,199$98,653$76,358
10 years$126,700$114,523$103,402$93,269$84,057$62,934
11 years$114,008$101,953$91,033$81,172$72,292$52,311
12 years$103,439$91,507$80,790$71,199$62,647$43,777
13 years$94,503$82,696$72,180$62,858$54,629$36,836
14 years$86,849$75,168$64,854$55,798$47,888$31,134
15 years$80,223$68,668$58,555$49,762$42,164$26,412
16 years$74,430$63,001$53,088$44,557$37,265$22,475
17 years$69,325$58,022$48,308$40,034$33,041$19,174
18 years$64,791$53,615$44,099$36,078$29,379$16,393
19 years$60,740$49,690$40,371$32,600$26,186$14,041
20 years$57,098$46,174$37,050$29,526$23,390$12,045
21 years$53,807$43,009$34,079$26,796$20,931$10,346
22 years$50,820$40,148$31,409$24,364$18,762$8,897
23 years$48,096$37,549$29,001$22,189$16,842$7,658
24 years$45,603$35,181$26,821$20,237$15,138$6,597
25 years$43,313$33,016$24,841$18,482$13,622$5,687
26 years$41,203$31,029$23,039$16,899$12,270$4,905
27 years$39,252$29,202$21,394$15,468$11,062$4,233
28 years$37,444$27,517$19,888$14,172$9,982$3,655
29 years$35,763$25,959$18,508$12,996$9,013$3,157
30 years$34,198$24,516$17,239$11,927$8,144$2,727
31 years$32,736$23,176$16,072$10,954$7,363$2,357
32 years$31,368$21,929$14,995$10,067$6,660$2,038
33 years$30,086$20,767$14,001$9,258$6,028$1,762
34 years$28,882$19,682$13,082$8,518$5,457$1,524
35 years$27,750$18,668$12,231$7,841$4,943$1,318
36 years$26,682$17,719$11,441$7,221$4,479$1,140
37 years$25,675$16,829$10,709$6,654$4,059$986
38 years$24,723$15,994$10,028$6,133$3,680$853
39 years$23,822$15,208$9,396$5,655$3,337$738
40 years$22,968$14,469$8,807$5,216$3,027$639
41 years$22,158$13,774$8,258$4,812$2,746$553
42 years$21,389$13,117$7,746$4,441$2,492$479
43 years$20,657$12,498$7,269$4,100$2,261$414
44 years$19,961$11,913$6,823$3,785$2,053$359
45 years$19,297$11,361$6,406$3,496$1,863$310
46 years$18,664$10,838$6,017$3,229$1,692$269
47 years$18,060$10,342$5,653$2,983$1,536$233
48 years$17,483$9,873$5,312$2,757$1,395$201
49 years$16,931$9,428$4,993$2,548$1,267$174
50 years$16,403$9,006$4,694$2,355$1,151$151

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 $6,349 every year, while hoping to spend $44,074 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: 38/39/23 Blend
73$16,800,000$16,800,000$16,800,000$16,800,000
74$18,520,149$17,629,749$17,369,349$19,096,356
75$20,362,310$18,446,712$17,904,328$20,332,679
76$22,390,894$19,302,230$18,455,751$21,663,342
77$24,624,870$20,198,144$19,024,124$23,100,574
78$27,085,139$21,136,386$19,609,965$24,654,041
79$29,794,736$22,118,980$20,213,810$26,334,345
80$32,779,038$23,148,050$20,836,213$28,153,112
81$36,066,015$24,225,819$21,477,740$30,123,099
82$39,686,483$25,354,619$22,138,980$32,258,307
83$43,674,405$26,536,896$22,820,536$34,574,100
84$48,067,201$27,775,210$23,523,030$37,087,344
85$52,906,109$29,072,250$24,247,106$39,816,562
86$58,236,572$30,430,830$24,993,424$42,782,091
87$64,108,664$31,853,902$25,762,665$46,006,270
88$70,577,567$33,344,562$26,555,533$49,513,641
89$77,704,087$34,906,054$27,372,752$53,331,166
90$85,555,231$36,541,778$28,215,067$57,488,475
91$94,204,840$38,255,301$29,083,247$62,018,129
92$103,734,283$40,050,360$29,978,085$66,955,922
93$114,233,227$41,930,874$30,900,398$72,341,199
94$125,800,481$43,900,952$31,851,026$78,217,219
95$138,544,932$45,964,901$32,830,837$84,631,549
96$152,586,571$48,127,237$33,840,726$91,636,494
97$168,057,623$50,392,693$34,881,613$99,289,583
98$185,103,801$52,766,235$35,954,446$107,654,089
99$203,885,673$55,253,066$37,060,205$116,799,616
100$224,580,188$57,858,642$38,199,898$126,802,732