Can I retire at age 74 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,320,987
2 years$699,060$686,041$673,423$661,189$649,323$606,792
3 years$461,411$448,335$435,749$423,630$411,957$370,821
4 years$342,609$329,574$317,114$305,202$293,811$254,385
5 years$271,347$258,390$246,093$234,424$223,351$185,741
6 years$223,855$210,995$198,880$187,471$176,730$140,968
7 years$189,945$177,193$165,270$154,130$143,729$109,813
8 years$164,524$151,887$140,162$129,296$119,237$87,144
9 years$144,762$132,245$120,722$110,132$100,415$70,110
10 years$128,962$116,568$105,248$94,934$85,558$56,996
11 years$116,044$103,773$92,659$82,621$73,583$46,713
12 years$105,286$93,141$82,232$72,470$63,765$38,530
13 years$96,190$84,173$73,469$63,980$55,605$31,944
14 years$88,400$76,511$66,012$56,794$48,743$26,594
15 years$81,655$69,894$59,600$50,651$42,917$22,215
16 years$75,759$64,126$54,036$45,352$37,930$18,608
17 years$70,563$59,058$49,171$40,749$33,631$15,623
18 years$65,948$54,572$44,887$36,723$29,904$13,141
19 years$61,824$50,577$41,092$33,182$26,654$11,072
20 years$58,117$46,998$37,712$30,053$23,808$9,340
21 years$54,768$43,777$34,688$27,275$21,305$7,888
22 years$51,727$40,864$31,970$24,799$19,097$6,668
23 years$48,955$38,220$29,519$22,585$17,143$5,641
24 years$46,417$35,809$27,300$20,599$15,408$4,775
25 years$44,086$33,605$25,285$18,812$13,865$4,045
26 years$41,938$31,584$23,451$17,201$12,489$3,428
27 years$39,953$29,724$21,776$15,744$11,260$2,906
28 years$38,112$28,009$20,244$14,425$10,160$2,464
29 years$36,402$26,423$18,838$13,228$9,174$2,090
30 years$34,808$24,954$17,547$12,140$8,290$1,774
31 years$33,320$23,589$16,359$11,150$7,495$1,505
32 years$31,928$22,320$15,263$10,247$6,779$1,278
33 years$30,624$21,138$14,251$9,423$6,135$1,085
34 years$29,398$20,034$13,315$8,670$5,555$921
35 years$28,245$19,002$12,449$7,981$5,031$782
36 years$27,159$18,035$11,646$7,350$4,559$664
37 years$26,133$17,130$10,900$6,772$4,132$564
38 years$25,164$16,279$10,208$6,242$3,746$479
39 years$24,247$15,480$9,563$5,756$3,397$407
40 years$23,378$14,728$8,964$5,309$3,081$346
41 years$22,554$14,020$8,405$4,898$2,795$293
42 years$21,771$13,352$7,884$4,520$2,536$249
43 years$21,026$12,722$7,398$4,173$2,302$212
44 years$20,317$12,126$6,945$3,853$2,089$180
45 years$19,642$11,564$6,521$3,558$1,897$153
46 years$18,998$11,031$6,125$3,287$1,722$130
47 years$18,383$10,527$5,754$3,037$1,564$110
48 years$17,795$10,049$5,407$2,806$1,420$94
49 years$17,233$9,597$5,082$2,593$1,290$80
50 years$16,696$9,167$4,778$2,397$1,172$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,100,000, adding $2,859 every year, while hoping to spend $35,778 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: 63/22/15 Blend
73$17,100,000$17,100,000$17,100,000$17,100,000
74$18,847,149$17,940,849$17,675,799$19,965,165
75$20,731,491$18,781,883$18,229,871$21,556,661
76$22,806,836$19,662,929$18,801,305$23,289,501
77$25,092,630$20,585,909$19,390,645$25,180,903
78$27,610,299$21,552,839$19,998,452$27,246,295
79$30,383,454$22,565,833$20,625,305$29,502,648
80$33,438,113$23,627,105$21,271,800$31,968,628
81$36,802,947$24,738,980$21,938,552$34,664,771
82$40,509,550$25,903,893$22,626,196$37,613,674
83$44,592,737$27,124,396$23,335,386$40,840,196
84$49,090,872$28,403,167$24,066,797$44,371,696
85$54,046,231$29,743,013$24,821,125$48,238,280
86$59,505,402$31,146,876$25,599,088$52,473,082
87$65,519,722$32,617,841$26,401,426$57,112,571
88$72,145,763$34,159,145$27,228,903$62,196,887
89$79,445,865$35,774,177$28,082,305$67,770,215
90$87,488,726$37,466,495$28,962,446$73,881,197
91$96,350,050$39,239,827$29,870,162$80,583,381
92$106,113,259$41,098,083$30,806,316$87,935,720
93$116,870,284$43,045,361$31,771,800$96,003,122
94$128,722,430$45,085,961$32,767,533$104,857,054
95$141,781,334$47,224,388$33,794,460$114,576,207
96$156,170,015$49,465,369$34,853,560$125,247,232
97$172,024,043$51,813,858$35,945,840$136,965,548
98$189,492,808$54,275,050$37,072,339$149,836,232
99$208,740,941$56,854,393$38,234,129$163,975,004
100$229,949,859$59,557,601$39,432,314$179,509,304