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

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,330,238
2 years$690,884$678,017$665,547$653,456$641,728$624,232
3 years$456,014$443,092$430,653$418,676$407,139$390,081
4 years$338,602$325,719$313,405$301,632$290,375$273,887
5 years$268,174$255,368$243,215$231,683$220,738$204,868
6 years$221,236$208,527$196,554$185,278$174,663$159,429
7 years$187,723$175,121$163,337$152,328$142,048$127,457
8 years$162,599$150,111$138,523$127,784$117,842$103,892
9 years$143,069$130,698$119,310$108,843$99,240$85,925
10 years$127,454$115,204$104,017$93,824$84,558$71,868
11 years$114,686$102,560$91,575$81,655$72,722$60,647
12 years$104,054$92,052$81,270$71,622$63,020$51,545
13 years$95,065$83,188$72,610$63,232$54,954$44,065
14 years$87,366$75,616$65,240$56,130$48,173$37,852
15 years$80,700$69,076$58,903$50,058$42,415$32,647
16 years$74,873$63,376$53,404$44,822$37,487$28,252
17 years$69,737$58,367$48,596$40,272$33,238$24,519
18 years$65,177$53,934$44,362$36,293$29,554$21,332
19 years$61,101$49,985$40,611$32,794$26,342$18,597
20 years$57,438$46,449$37,271$29,701$23,529$16,242
21 years$54,127$43,265$34,282$26,956$21,056$14,208
22 years$51,122$40,386$31,596$24,509$18,874$12,445
23 years$48,382$37,773$29,173$22,321$16,942$10,913
24 years$45,874$35,391$26,980$20,358$15,228$9,579
25 years$43,571$33,212$24,989$18,592$13,703$8,416
26 years$41,448$31,214$23,176$17,000$12,343$7,400
27 years$39,485$29,376$21,521$15,560$11,128$6,511
28 years$37,666$27,681$20,007$14,256$10,041$5,732
29 years$35,976$26,114$18,618$13,073$9,067$5,049
30 years$34,401$24,662$17,342$11,998$8,193$4,449
31 years$32,931$23,314$16,167$11,019$7,407$3,922
32 years$31,555$22,059$15,084$10,127$6,700$3,459
33 years$30,265$20,891$14,084$9,313$6,064$3,051
34 years$29,054$19,800$13,160$8,568$5,490$2,692
35 years$27,915$18,780$12,303$7,888$4,972$2,376
36 years$26,841$17,825$11,510$7,264$4,505$2,098
37 years$25,828$16,929$10,773$6,693$4,083$1,852
38 years$24,870$16,089$10,088$6,169$3,702$1,636
39 years$23,964$15,299$9,452$5,688$3,357$1,445
40 years$23,105$14,556$8,859$5,247$3,045$1,276
41 years$22,290$13,856$8,307$4,841$2,762$1,127
42 years$21,516$13,196$7,792$4,467$2,507$996
43 years$20,780$12,573$7,312$4,124$2,275$880
44 years$20,080$11,984$6,863$3,808$2,065$778
45 years$19,412$11,428$6,445$3,517$1,875$687
46 years$18,775$10,902$6,053$3,248$1,702$607
47 years$18,168$10,404$5,687$3,001$1,545$537
48 years$17,587$9,932$5,344$2,773$1,404$474
49 years$17,032$9,484$5,023$2,563$1,275$419
50 years$16,500$9,060$4,722$2,369$1,158$371

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 $4,936 every year, while hoping to spend $38,919 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: 47/48/5 Blend
73$16,900,000$16,900,000$16,900,000$16,900,000
74$18,628,891$17,733,191$17,471,241$19,480,119
75$20,487,629$18,560,708$18,015,119$20,891,010
76$22,534,653$19,427,469$18,575,911$22,416,752
77$24,789,128$20,335,356$19,154,145$24,071,552
78$27,272,172$21,286,341$19,750,361$25,867,371
79$30,007,055$22,282,493$20,365,120$27,817,331
80$33,019,419$23,325,979$20,998,996$29,935,835
81$36,337,521$24,419,074$21,652,583$32,238,693
82$39,992,498$25,564,158$22,326,495$34,743,264
83$44,018,662$26,763,731$23,021,362$37,468,610
84$48,453,824$28,020,412$23,737,835$40,435,667
85$53,339,647$29,336,945$24,476,586$43,667,433
86$58,722,045$30,716,210$25,238,306$47,189,172
87$64,651,614$32,161,224$26,023,709$51,028,646
88$71,184,106$33,675,152$26,833,531$55,216,363
89$78,380,960$35,261,309$27,668,529$59,785,855
90$86,309,879$36,923,175$28,529,486$64,773,980
91$95,045,472$38,664,395$29,417,209$70,221,256
92$104,669,952$40,488,793$30,332,527$76,172,236
93$115,273,919$42,400,376$31,276,299$82,675,906
94$126,957,211$44,403,346$32,249,407$89,786,138
95$139,829,847$46,502,111$33,252,764$97,562,182
96$154,013,068$48,701,290$34,287,307$106,069,207
97$169,640,474$51,005,727$35,354,005$115,378,901
98$186,859,296$53,420,501$36,453,858$125,570,128
99$205,831,775$55,950,937$37,587,893$136,729,655
100$226,736,701$58,602,618$38,757,172$148,952,950