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%11.5%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,354,984
2 years$699,060$686,041$673,423$661,189$649,323$640,655
3 years$461,411$448,335$435,749$423,630$411,957$403,482
4 years$342,609$329,574$317,114$305,202$293,811$285,595
5 years$271,347$258,390$246,093$234,424$223,351$215,418
6 years$223,855$210,995$198,880$187,471$176,730$169,090
7 years$189,945$177,193$165,270$154,130$143,729$136,386
8 years$164,524$151,887$140,162$129,296$119,237$112,191
9 years$144,762$132,245$120,722$110,132$100,415$93,665
10 years$128,962$116,568$105,248$94,934$85,558$79,100
11 years$116,044$103,773$92,659$82,621$73,583$67,412
12 years$105,286$93,141$82,232$72,470$63,765$57,877
13 years$96,190$84,173$73,469$63,980$55,605$49,993
14 years$88,400$76,511$66,012$56,794$48,743$43,400
15 years$81,655$69,894$59,600$50,651$42,917$37,837
16 years$75,759$64,126$54,036$45,352$37,930$33,105
17 years$70,563$59,058$49,171$40,749$33,631$29,054
18 years$65,948$54,572$44,887$36,723$29,904$25,566
19 years$61,824$50,577$41,092$33,182$26,654$22,548
20 years$58,117$46,998$37,712$30,053$23,808$19,925
21 years$54,768$43,777$34,688$27,275$21,305$17,637
22 years$51,727$40,864$31,970$24,799$19,097$15,636
23 years$48,955$38,220$29,519$22,585$17,143$13,879
24 years$46,417$35,809$27,300$20,599$15,408$12,334
25 years$44,086$33,605$25,285$18,812$13,865$10,973
26 years$41,938$31,584$23,451$17,201$12,489$9,770
27 years$39,953$29,724$21,776$15,744$11,260$8,706
28 years$38,112$28,009$20,244$14,425$10,160$7,763
29 years$36,402$26,423$18,838$13,228$9,174$6,927
30 years$34,808$24,954$17,547$12,140$8,290$6,184
31 years$33,320$23,589$16,359$11,150$7,495$5,524
32 years$31,928$22,320$15,263$10,247$6,779$4,936
33 years$30,624$21,138$14,251$9,423$6,135$4,413
34 years$29,398$20,034$13,315$8,670$5,555$3,946
35 years$28,245$19,002$12,449$7,981$5,031$3,530
36 years$27,159$18,035$11,646$7,350$4,559$3,158
37 years$26,133$17,130$10,900$6,772$4,132$2,827
38 years$25,164$16,279$10,208$6,242$3,746$2,530
39 years$24,247$15,480$9,563$5,756$3,397$2,266
40 years$23,378$14,728$8,964$5,309$3,081$2,029
41 years$22,554$14,020$8,405$4,898$2,795$1,817
42 years$21,771$13,352$7,884$4,520$2,536$1,628
43 years$21,026$12,722$7,398$4,173$2,302$1,458
44 years$20,317$12,126$6,945$3,853$2,089$1,307
45 years$19,642$11,564$6,521$3,558$1,897$1,171
46 years$18,998$11,031$6,125$3,287$1,722$1,049
47 years$18,383$10,527$5,754$3,037$1,564$940
48 years$17,795$10,049$5,407$2,806$1,420$843
49 years$17,233$9,597$5,082$2,593$1,290$756
50 years$16,696$9,167$4,778$2,397$1,172$677

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 $2,634 every year, while hoping to spend $30,101 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: 84/7/9 Blend
73$17,100,000$17,100,000$17,100,000$17,100,000
74$18,846,917$17,940,617$17,675,567$20,407,436
75$20,737,275$18,787,680$18,235,671$22,274,802
76$22,819,441$19,675,240$18,813,530$24,321,237
77$25,112,948$20,605,250$19,409,707$26,568,130
78$27,639,318$21,579,757$20,024,782$29,035,609
79$30,422,271$22,600,908$20,659,355$31,745,843
80$33,487,943$23,670,953$21,314,043$34,723,249
81$36,865,136$24,792,252$21,989,486$37,994,720
82$40,585,587$25,967,280$22,686,341$41,589,880
83$44,684,271$27,198,630$23,405,288$45,541,355
84$49,199,727$28,489,024$24,147,025$49,885,089
85$54,174,426$29,841,313$24,912,278$54,660,670
86$59,655,169$31,258,489$25,701,791$59,911,710
87$65,693,529$32,743,688$26,516,333$65,686,253
88$72,346,338$34,300,197$27,356,699$72,037,220
89$79,676,223$35,931,465$28,223,707$79,022,916
90$87,752,199$37,641,109$29,118,203$86,707,570
91$96,650,318$39,432,918$30,041,058$95,161,941
92$106,454,389$41,310,869$30,993,171$104,463,985
93$117,256,765$43,279,130$31,975,471$114,699,584
94$129,159,221$45,342,073$32,988,915$125,963,359
95$142,273,908$47,504,282$34,034,490$138,359,555
96$156,724,418$49,770,562$35,113,217$152,003,027
97$172,646,945$52,145,956$36,226,146$167,020,314
98$190,191,573$54,635,748$37,374,362$183,550,836
99$209,523,695$57,245,481$38,558,984$201,748,204
100$230,825,569$59,980,967$39,781,167$221,781,667