Can I retire at age 74 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,333,695
2 years$694,972$682,029$669,485$657,323$645,526$623,513
3 years$458,713$445,714$433,201$421,153$409,548$388,117
4 years$340,606$327,647$315,260$303,417$292,093$271,409
5 years$269,760$256,879$244,654$233,053$222,044$202,167
6 years$222,546$209,761$197,717$186,375$175,696$156,647
7 years$188,834$176,157$164,304$153,229$142,888$124,674
8 years$163,562$150,999$139,343$128,540$118,539$101,157
9 years$143,916$131,472$120,016$109,487$99,827$83,267
10 years$128,208$115,886$104,632$94,379$85,058$69,307
11 years$115,365$103,166$92,117$82,138$73,153$58,194
12 years$104,670$92,597$81,751$72,046$63,393$49,207
13 years$95,628$83,680$73,039$63,606$55,280$41,846
14 years$87,883$76,063$65,626$56,462$48,458$35,755
15 years$81,178$69,485$59,252$50,355$42,666$30,669
16 years$75,316$63,751$53,720$45,087$37,708$26,394
17 years$70,150$58,712$48,883$40,510$33,435$22,777
18 years$65,562$54,253$44,624$36,508$29,729$19,702
19 years$61,463$50,281$40,851$32,988$26,498$17,076
20 years$57,778$46,724$37,491$29,877$23,668$14,826
21 years$54,448$43,521$34,485$27,115$21,180$12,890
22 years$51,425$40,625$31,783$24,654$18,985$11,222
23 years$48,669$37,996$29,346$22,453$17,042$9,780
24 years$46,146$35,600$27,140$20,478$15,318$8,532
25 years$43,829$33,409$25,137$18,702$13,784$7,449
26 years$41,693$31,399$23,313$17,100$12,416$6,508
27 years$39,719$29,550$21,649$15,652$11,194$5,689
28 years$37,889$27,845$20,125$14,341$10,101$4,976
29 years$36,189$26,268$18,728$13,151$9,121$4,355
30 years$34,605$24,808$17,445$12,069$8,241$3,812
31 years$33,126$23,452$16,263$11,085$7,451$3,339
32 years$31,742$22,190$15,174$10,187$6,740$2,925
33 years$30,445$21,014$14,168$9,368$6,099$2,563
34 years$29,226$19,917$13,238$8,619$5,522$2,246
35 years$28,080$18,891$12,376$7,934$5,002$1,969
36 years$27,000$17,930$11,578$7,307$4,532$1,727
37 years$25,981$17,029$10,836$6,733$4,107$1,514
38 years$25,017$16,184$10,148$6,206$3,724$1,328
39 years$24,106$15,389$9,507$5,722$3,377$1,165
40 years$23,242$14,642$8,911$5,278$3,063$1,022
41 years$22,422$13,938$8,356$4,869$2,779$897
42 years$21,643$13,274$7,838$4,494$2,521$787
43 years$20,903$12,647$7,355$4,148$2,288$691
44 years$20,198$12,055$6,904$3,830$2,077$606
45 years$19,527$11,496$6,483$3,537$1,886$532
46 years$18,886$10,967$6,089$3,268$1,712$467
47 years$18,275$10,465$5,720$3,019$1,555$410
48 years$17,691$9,991$5,375$2,790$1,412$360
49 years$17,132$9,541$5,053$2,578$1,282$316
50 years$16,598$9,114$4,750$2,383$1,165$277

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,000,000, adding $6,301 every year, while hoping to spend $29,924 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: 68/6/26 Blend
73$17,000,000$17,000,000$17,000,000$17,000,000
74$18,740,499$17,839,499$17,575,999$19,888,519
75$20,620,192$18,681,796$18,132,957$21,502,865
76$22,690,609$19,564,362$18,707,569$23,264,387
77$24,971,175$20,489,140$19,300,396$25,190,940
78$27,483,291$21,458,164$19,912,016$27,298,845
79$30,250,543$22,473,570$20,543,024$29,606,069
80$33,298,919$23,537,595$21,194,036$32,132,395
81$36,657,058$24,652,587$21,865,685$34,899,602
82$40,356,519$25,821,005$22,558,627$37,931,668
83$44,432,079$27,045,429$23,273,536$41,255,000
84$48,922,061$28,328,565$24,011,109$44,898,670
85$53,868,695$29,673,248$24,772,066$48,894,698
86$59,318,518$31,082,454$25,557,146$53,278,343
87$65,322,813$32,559,300$26,367,116$58,088,435
88$71,938,090$34,107,056$27,202,765$63,367,740
89$79,226,625$35,729,151$28,064,907$69,163,359
90$87,257,042$37,429,181$28,954,383$75,527,169
91$96,104,965$39,210,915$29,872,059$82,516,309
92$105,853,728$41,078,307$30,818,830$90,193,716
93$116,595,166$43,035,502$31,795,619$98,628,716
94$128,430,478$45,086,847$32,803,377$107,897,674
95$141,471,184$47,236,899$33,843,087$118,084,709
96$155,840,177$49,490,440$34,915,763$129,282,485
97$171,672,883$51,852,480$36,022,450$141,593,082
98$189,118,542$54,328,276$37,164,226$155,128,955
99$208,341,611$56,923,339$38,342,205$170,013,988
100$229,523,322$59,643,449$39,557,536$186,384,661