Can I retire at age 74 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,335,224
2 years$690,884$678,017$665,547$653,456$641,728$629,229
3 years$456,014$443,092$430,653$418,676$407,139$394,933
4 years$338,602$325,719$313,405$301,632$290,375$278,557
5 years$268,174$255,368$243,215$231,683$220,738$209,344
6 years$221,236$208,527$196,554$185,278$174,663$163,705
7 years$187,723$175,121$163,337$152,328$142,048$131,532
8 years$162,599$150,111$138,523$127,784$117,842$107,768
9 years$143,069$130,698$119,310$108,843$99,240$89,604
10 years$127,454$115,204$104,017$93,824$84,558$75,354
11 years$114,686$102,560$91,575$81,655$72,722$63,944
12 years$104,054$92,052$81,270$71,622$63,020$54,658
13 years$95,065$83,188$72,610$63,232$54,954$47,000
14 years$87,366$75,616$65,240$56,130$48,173$40,615
15 years$80,700$69,076$58,903$50,058$42,415$35,244
16 years$74,873$63,376$53,404$44,822$37,487$30,690
17 years$69,737$58,367$48,596$40,272$33,238$26,803
18 years$65,177$53,934$44,362$36,293$29,554$23,469
19 years$61,101$49,985$40,611$32,794$26,342$20,595
20 years$57,438$46,449$37,271$29,701$23,529$18,106
21 years$54,127$43,265$34,282$26,956$21,056$15,945
22 years$51,122$40,386$31,596$24,509$18,874$14,061
23 years$48,382$37,773$29,173$22,321$16,942$12,416
24 years$45,874$35,391$26,980$20,358$15,228$10,975
25 years$43,571$33,212$24,989$18,592$13,703$9,710
26 years$41,448$31,214$23,176$17,000$12,343$8,599
27 years$39,485$29,376$21,521$15,560$11,128$7,620
28 years$37,666$27,681$20,007$14,256$10,041$6,757
29 years$35,976$26,114$18,618$13,073$9,067$5,995
30 years$34,401$24,662$17,342$11,998$8,193$5,322
31 years$32,931$23,314$16,167$11,019$7,407$4,727
32 years$31,555$22,059$15,084$10,127$6,700$4,199
33 years$30,265$20,891$14,084$9,313$6,064$3,732
34 years$29,054$19,800$13,160$8,568$5,490$3,318
35 years$27,915$18,780$12,303$7,888$4,972$2,951
36 years$26,841$17,825$11,510$7,264$4,505$2,625
37 years$25,828$16,929$10,773$6,693$4,083$2,335
38 years$24,870$16,089$10,088$6,169$3,702$2,078
39 years$23,964$15,299$9,452$5,688$3,357$1,850
40 years$23,105$14,556$8,859$5,247$3,045$1,647
41 years$22,290$13,856$8,307$4,841$2,762$1,466
42 years$21,516$13,196$7,792$4,467$2,507$1,305
43 years$20,780$12,573$7,312$4,124$2,275$1,162
44 years$20,080$11,984$6,863$3,808$2,065$1,035
45 years$19,412$11,428$6,445$3,517$1,875$922
46 years$18,775$10,902$6,053$3,248$1,702$821
47 years$18,168$10,404$5,687$3,001$1,545$731
48 years$17,587$9,932$5,344$2,773$1,404$652
49 years$17,032$9,484$5,023$2,563$1,275$581
50 years$16,500$9,060$4,722$2,369$1,158$517

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $16,900,000, adding $3,819 every year, while hoping to spend $53,635 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: 32/50/18 Blend
73$16,900,000$16,900,000$16,900,000$16,900,000
74$18,627,739$17,732,039$17,470,089$19,119,052
75$20,470,701$18,543,842$17,998,270$20,296,856
76$22,499,848$19,393,625$18,542,347$21,559,454
77$24,734,114$20,283,194$19,102,797$22,918,302
78$27,194,361$21,214,439$19,680,109$24,381,840
79$29,903,582$22,189,342$20,274,788$25,959,309
80$32,887,107$23,209,980$20,887,353$27,660,828
81$36,172,853$24,278,530$21,518,341$29,497,483
82$39,791,580$25,397,274$22,168,301$31,481,421
83$43,777,184$26,568,603$22,837,802$33,625,955
84$48,167,015$27,795,023$23,527,427$35,945,679
85$53,002,233$29,079,161$24,237,778$38,456,597
86$58,328,192$30,423,771$24,969,474$41,176,263
87$64,194,870$31,831,738$25,723,154$44,123,934
88$70,657,341$33,306,087$26,499,474$47,320,740
89$77,776,294$34,849,990$27,299,110$50,789,870
90$85,618,605$36,466,768$28,122,760$54,556,782
91$94,257,969$38,159,906$28,971,139$58,649,423
92$103,775,596$39,933,056$29,844,986$63,098,484
93$114,260,975$41,790,044$30,745,061$67,937,672
94$125,812,721$43,734,883$31,672,148$73,204,012
95$138,539,505$45,771,779$32,627,051$78,938,182
96$152,561,078$47,905,139$33,610,601$85,184,879
97$168,009,404$50,139,587$34,623,652$91,993,220
98$185,029,903$52,479,966$35,667,083$99,417,192
99$203,782,824$54,931,355$36,741,802$107,516,137
100$224,444,759$57,499,079$37,848,739$116,355,295