Can I retire at age 74 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,329,245
2 years$703,148$690,053$677,361$665,056$653,120$610,866
3 years$464,109$450,957$438,298$426,108$414,366$373,491
4 years$344,613$331,501$318,968$306,987$295,529$256,346
5 years$272,934$259,901$247,533$235,795$224,657$187,271
6 years$225,164$212,229$200,043$188,567$177,763$142,207
7 years$191,055$178,229$166,237$155,032$144,569$110,841
8 years$165,486$152,776$140,982$130,052$119,934$88,012
9 years$145,609$133,019$121,428$110,776$101,002$70,851
10 years$129,717$117,249$105,863$95,490$86,059$57,635
11 years$116,722$104,380$93,200$83,105$74,013$47,267
12 years$105,901$93,686$82,713$72,894$64,138$39,013
13 years$96,753$84,665$73,899$64,354$55,930$32,367
14 years$88,917$76,958$66,398$57,127$49,028$26,964
15 years$82,133$70,302$59,949$50,947$43,168$22,540
16 years$76,202$64,501$54,352$45,617$38,152$18,894
17 years$70,975$59,403$49,458$40,987$33,828$15,875
18 years$66,334$54,891$45,149$36,937$30,078$13,363
19 years$62,186$50,873$41,332$33,376$26,810$11,267
20 years$58,457$47,273$37,932$30,229$23,947$9,512
21 years$55,088$44,033$34,890$27,434$21,430$8,040
22 years$52,030$41,103$32,157$24,944$19,209$6,801
23 years$49,241$38,443$29,691$22,717$17,243$5,759
24 years$46,689$36,019$27,459$20,719$15,498$4,879
25 years$44,344$33,802$25,433$18,922$13,946$4,136
26 years$42,184$31,768$23,588$17,301$12,562$3,507
27 years$40,186$29,898$21,903$15,836$11,326$2,976
28 years$38,335$28,172$20,362$14,509$10,219$2,526
29 years$36,615$26,577$18,949$13,305$9,228$2,144
30 years$35,012$25,100$17,650$12,211$8,338$1,821
31 years$33,515$23,727$16,454$11,215$7,538$1,547
32 years$32,115$22,451$15,352$10,307$6,819$1,314
33 years$30,803$21,261$14,334$9,478$6,171$1,116
34 years$29,570$20,151$13,393$8,721$5,587$948
35 years$28,410$19,113$12,522$8,028$5,061$806
36 years$27,318$18,141$11,714$7,393$4,585$685
37 years$26,286$17,230$10,964$6,812$4,156$582
38 years$25,312$16,374$10,267$6,279$3,768$495
39 years$24,389$15,570$9,619$5,789$3,417$421
40 years$23,515$14,814$9,016$5,340$3,099$358
41 years$22,686$14,102$8,454$4,927$2,811$304
42 years$21,898$13,430$7,930$4,547$2,551$259
43 years$21,149$12,796$7,442$4,197$2,315$220
44 years$20,436$12,197$6,985$3,875$2,102$187
45 years$19,757$11,631$6,559$3,579$1,908$159
46 years$19,109$11,096$6,160$3,306$1,732$135
47 years$18,490$10,589$5,788$3,054$1,573$115
48 years$17,899$10,108$5,439$2,822$1,428$98
49 years$17,334$9,653$5,112$2,608$1,297$83
50 years$16,793$9,221$4,806$2,411$1,178$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,200,000, adding $5,488 every year, while hoping to spend $25,437 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: 66/26/8 Blend
73$17,200,000$17,200,000$17,200,000$17,200,000
74$18,960,061$18,048,461$17,781,861$20,182,305
75$20,866,922$18,905,771$18,350,488$21,852,748
76$22,967,431$19,804,236$18,937,312$23,674,126
77$25,281,312$20,745,847$19,542,916$25,664,017
78$27,830,302$21,732,690$20,167,900$27,838,849
79$30,638,354$22,766,952$20,812,885$30,216,690
80$33,731,861$23,850,928$21,478,512$32,817,418
81$37,139,911$24,987,023$22,165,442$35,662,897
82$40,894,555$26,177,760$22,874,357$38,777,184
83$45,031,113$27,425,784$23,605,962$42,186,748
84$49,588,508$28,733,869$24,360,982$45,920,715
85$54,609,629$30,104,922$25,140,169$50,011,135
86$60,141,743$31,541,995$25,944,297$54,493,281
87$66,236,933$33,048,285$26,774,163$59,405,972
88$72,952,596$34,627,147$27,630,593$64,791,939
89$80,351,980$36,282,096$28,514,437$70,698,212
90$88,504,785$38,016,822$29,426,574$77,176,564
91$97,487,819$39,835,193$30,367,910$84,283,988
92$107,385,723$41,741,263$31,339,381$92,083,230
93$118,291,768$43,739,286$32,341,951$100,643,367
94$130,308,739$45,833,722$33,376,618$110,040,457
95$143,549,905$48,029,249$34,444,409$120,358,242
96$158,140,084$50,330,771$35,546,386$131,688,931
97$174,216,827$52,743,433$36,683,644$144,134,060
98$191,931,710$55,272,628$37,857,313$157,805,441
99$211,451,772$57,924,014$39,068,560$172,826,201
100$232,961,086$60,703,524$40,318,590$189,331,939