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%17.1%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,308,687
2 years$690,884$678,017$665,547$653,456$641,728$602,804
3 years$456,014$443,092$430,653$418,676$407,139$369,452
4 years$338,602$325,719$313,405$301,632$290,375$254,215
5 years$268,174$255,368$243,215$231,683$220,738$186,203
6 years$221,236$208,527$196,554$185,278$174,663$141,785
7 years$187,723$175,121$163,337$152,328$142,048$110,826
8 years$162,599$150,111$138,523$127,784$117,842$88,260
9 years$143,069$130,698$119,310$108,843$99,240$71,267
10 years$127,454$115,204$104,017$93,824$84,558$58,155
11 years$114,686$102,560$91,575$81,655$72,722$47,847
12 years$104,054$92,052$81,270$71,622$63,020$39,623
13 years$95,065$83,188$72,610$63,232$54,954$32,984
14 years$87,366$75,616$65,240$56,130$48,173$27,574
15 years$80,700$69,076$58,903$50,058$42,415$23,131
16 years$74,873$63,376$53,404$44,822$37,487$19,460
17 years$69,737$58,367$48,596$40,272$33,238$16,410
18 years$65,177$53,934$44,362$36,293$29,554$13,865
19 years$61,101$49,985$40,611$32,794$26,342$11,734
20 years$57,438$46,449$37,271$29,701$23,529$9,944
21 years$54,127$43,265$34,282$26,956$21,056$8,437
22 years$51,122$40,386$31,596$24,509$18,874$7,166
23 years$48,382$37,773$29,173$22,321$16,942$6,091
24 years$45,874$35,391$26,980$20,358$15,228$5,181
25 years$43,571$33,212$24,989$18,592$13,703$4,409
26 years$41,448$31,214$23,176$17,000$12,343$3,755
27 years$39,485$29,376$21,521$15,560$11,128$3,199
28 years$37,666$27,681$20,007$14,256$10,041$2,726
29 years$35,976$26,114$18,618$13,073$9,067$2,324
30 years$34,401$24,662$17,342$11,998$8,193$1,981
31 years$32,931$23,314$16,167$11,019$7,407$1,690
32 years$31,555$22,059$15,084$10,127$6,700$1,441
33 years$30,265$20,891$14,084$9,313$6,064$1,230
34 years$29,054$19,800$13,160$8,568$5,490$1,049
35 years$27,915$18,780$12,303$7,888$4,972$896
36 years$26,841$17,825$11,510$7,264$4,505$764
37 years$25,828$16,929$10,773$6,693$4,083$652
38 years$24,870$16,089$10,088$6,169$3,702$557
39 years$23,964$15,299$9,452$5,688$3,357$475
40 years$23,105$14,556$8,859$5,247$3,045$406
41 years$22,290$13,856$8,307$4,841$2,762$346
42 years$21,516$13,196$7,792$4,467$2,507$296
43 years$20,780$12,573$7,312$4,124$2,275$253
44 years$20,080$11,984$6,863$3,808$2,065$216
45 years$19,412$11,428$6,445$3,517$1,875$184
46 years$18,775$10,902$6,053$3,248$1,702$157
47 years$18,168$10,404$5,687$3,001$1,545$134
48 years$17,587$9,932$5,344$2,773$1,404$115
49 years$17,032$9,484$5,023$2,563$1,275$98
50 years$16,500$9,060$4,722$2,369$1,158$84

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 $6,606 every year, while hoping to spend $30,046 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: 56/37/7 Blend
73$16,900,000$16,900,000$16,900,000$16,900,000
74$18,630,614$17,734,914$17,472,964$19,644,330
75$20,498,968$18,571,956$18,026,340$21,165,253
76$22,556,887$19,449,006$18,597,246$22,817,025
77$24,823,675$20,367,993$19,186,240$24,615,283
78$27,320,604$21,330,939$19,793,893$26,573,980
79$30,071,114$22,339,964$20,420,797$28,708,447
80$33,101,037$23,397,291$21,067,563$31,035,532
81$36,438,836$24,505,251$21,734,819$33,573,751
82$40,115,877$25,666,288$22,423,215$36,343,456
83$44,166,725$26,882,965$23,133,422$39,367,021
84$48,629,469$28,157,969$23,866,130$42,669,045
85$53,546,082$29,494,116$24,622,052$46,276,574
86$58,962,816$30,894,361$25,401,924$50,219,353
87$64,930,641$32,361,803$26,206,506$54,530,092
88$71,505,722$33,899,687$27,036,580$59,244,771
89$78,749,955$35,511,421$27,892,955$64,402,965
90$86,731,545$37,200,575$28,776,463$70,048,214
91$95,525,654$38,970,894$29,687,966$76,228,415
92$105,215,108$40,826,305$30,628,350$82,996,272
93$115,891,180$42,770,925$31,598,531$90,409,775
94$127,654,451$44,809,072$32,599,453$98,532,739
95$140,615,761$46,945,272$33,632,090$107,435,393
96$154,897,252$49,184,274$34,697,448$117,195,029
97$170,633,523$51,531,055$35,796,565$127,896,718
98$187,972,902$53,990,836$36,930,509$139,634,100
99$207,078,842$56,569,091$38,100,385$152,510,251
100$228,131,469$59,271,561$39,307,333$166,638,639