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

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,343,756
2 years$699,060$686,041$673,423$661,189$649,323$629,394
3 years$461,411$448,335$435,749$423,630$411,957$392,541
4 years$342,609$329,574$317,114$305,202$293,811$275,058
5 years$271,347$258,390$246,093$234,424$223,351$205,314
6 years$223,855$210,995$198,880$187,471$176,730$159,431
7 years$189,945$177,193$165,270$154,130$143,729$127,174
8 years$164,524$151,887$140,162$129,296$119,237$103,424
9 years$144,762$132,245$120,722$110,132$100,415$85,335
10 years$128,962$116,568$105,248$94,934$85,558$71,202
11 years$116,044$103,773$92,659$82,621$73,583$59,935
12 years$105,286$93,141$82,232$72,470$63,765$50,809
13 years$96,190$84,173$73,469$63,980$55,605$43,323
14 years$88,400$76,511$66,012$56,794$48,743$37,115
15 years$81,655$69,894$59,600$50,651$42,917$31,924
16 years$75,759$64,126$54,036$45,352$37,930$27,550
17 years$70,563$59,058$49,171$40,749$33,631$23,843
18 years$65,948$54,572$44,887$36,723$29,904$20,683
19 years$61,824$50,577$41,092$33,182$26,654$17,979
20 years$58,117$46,998$37,712$30,053$23,808$15,656
21 years$54,768$43,777$34,688$27,275$21,305$13,654
22 years$51,727$40,864$31,970$24,799$19,097$11,923
23 years$48,955$38,220$29,519$22,585$17,143$10,423
24 years$46,417$35,809$27,300$20,599$15,408$9,121
25 years$44,086$33,605$25,285$18,812$13,865$7,989
26 years$41,938$31,584$23,451$17,201$12,489$7,002
27 years$39,953$29,724$21,776$15,744$11,260$6,141
28 years$38,112$28,009$20,244$14,425$10,160$5,389
29 years$36,402$26,423$18,838$13,228$9,174$4,731
30 years$34,808$24,954$17,547$12,140$8,290$4,155
31 years$33,320$23,589$16,359$11,150$7,495$3,651
32 years$31,928$22,320$15,263$10,247$6,779$3,209
33 years$30,624$21,138$14,251$9,423$6,135$2,822
34 years$29,398$20,034$13,315$8,670$5,555$2,481
35 years$28,245$19,002$12,449$7,981$5,031$2,183
36 years$27,159$18,035$11,646$7,350$4,559$1,920
37 years$26,133$17,130$10,900$6,772$4,132$1,690
38 years$25,164$16,279$10,208$6,242$3,746$1,487
39 years$24,247$15,480$9,563$5,756$3,397$1,309
40 years$23,378$14,728$8,964$5,309$3,081$1,152
41 years$22,554$14,020$8,405$4,898$2,795$1,014
42 years$21,771$13,352$7,884$4,520$2,536$893
43 years$21,026$12,722$7,398$4,173$2,302$787
44 years$20,317$12,126$6,945$3,853$2,089$693
45 years$19,642$11,564$6,521$3,558$1,897$610
46 years$18,998$11,031$6,125$3,287$1,722$537
47 years$18,383$10,527$5,754$3,037$1,564$473
48 years$17,795$10,049$5,407$2,806$1,420$417
49 years$17,233$9,597$5,082$2,593$1,290$367
50 years$16,696$9,167$4,778$2,397$1,172$323

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 $4,914 every year, while hoping to spend $26,494 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: 36/44/20 Blend
73$17,100,000$17,100,000$17,100,000$17,100,000
74$18,849,269$17,942,969$17,677,919$19,413,335
75$20,743,705$18,793,985$18,241,940$20,676,435
76$22,830,485$19,685,813$18,823,967$22,036,297
77$25,129,201$20,620,424$19,424,577$23,503,829
78$27,661,442$21,599,887$20,044,362$25,088,671
79$30,450,996$22,626,369$20,683,936$26,801,389
80$33,524,080$23,702,143$21,343,929$28,653,563
81$36,909,581$24,829,593$22,024,996$30,657,889
82$40,639,334$26,011,219$22,727,809$32,828,289
83$44,748,419$27,249,641$23,453,063$35,180,033
84$49,275,492$28,547,608$24,201,475$37,729,873
85$54,263,152$29,908,001$24,973,785$40,496,194
86$59,758,344$31,333,842$25,770,756$43,499,170
87$65,812,795$32,828,301$26,593,177$46,760,950
88$72,483,513$34,394,700$27,441,861$50,305,851
89$79,833,314$36,036,524$28,317,647$54,160,576
90$87,931,425$37,757,426$29,221,401$58,354,453
91$96,854,129$39,561,239$30,154,016$62,919,699
92$106,685,490$41,451,980$31,116,416$67,891,710
93$117,518,146$43,433,862$32,109,552$73,309,378
94$129,454,181$45,511,306$33,134,405$79,215,444
95$142,606,090$47,688,943$34,191,991$85,656,887
96$157,097,844$49,971,633$35,283,355$92,685,346
97$173,066,053$52,364,472$36,409,576$100,357,593
98$190,661,262$54,872,803$37,571,769$108,736,050
99$210,049,371$57,502,230$38,771,083$117,889,355
100$231,413,198$60,258,631$40,008,705$127,892,994