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

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,320,788
2 years$703,148$690,053$677,361$665,056$653,120$602,549
3 years$464,109$450,957$438,298$426,108$414,366$365,579
4 years$344,613$331,501$318,968$306,987$295,529$248,898
5 years$272,934$259,901$247,533$235,795$224,657$180,303
6 years$225,164$212,229$200,043$188,567$177,763$135,718
7 years$191,055$178,229$166,237$155,032$144,569$104,821
8 years$165,486$152,776$140,982$130,052$119,934$82,448
9 years$145,609$133,019$121,428$110,776$101,002$65,726
10 years$129,717$117,249$105,863$95,490$86,059$52,929
11 years$116,722$104,380$93,200$83,105$74,013$42,960
12 years$105,901$93,686$82,713$72,894$64,138$35,083
13 years$96,753$84,665$73,899$64,354$55,930$28,790
14 years$88,917$76,958$66,398$57,127$49,028$23,719
15 years$82,133$70,302$59,949$50,947$43,168$19,603
16 years$76,202$64,501$54,352$45,617$38,152$16,243
17 years$70,975$59,403$49,458$40,987$33,828$13,488
18 years$66,334$54,891$45,149$36,937$30,078$11,219
19 years$62,186$50,873$41,332$33,376$26,810$9,345
20 years$58,457$47,273$37,932$30,229$23,947$7,794
21 years$55,088$44,033$34,890$27,434$21,430$6,506
22 years$52,030$41,103$32,157$24,944$19,209$5,436
23 years$49,241$38,443$29,691$22,717$17,243$4,545
24 years$46,689$36,019$27,459$20,719$15,498$3,802
25 years$44,344$33,802$25,433$18,922$13,946$3,182
26 years$42,184$31,768$23,588$17,301$12,562$2,664
27 years$40,186$29,898$21,903$15,836$11,326$2,231
28 years$38,335$28,172$20,362$14,509$10,219$1,869
29 years$36,615$26,577$18,949$13,305$9,228$1,566
30 years$35,012$25,100$17,650$12,211$8,338$1,312
31 years$33,515$23,727$16,454$11,215$7,538$1,100
32 years$32,115$22,451$15,352$10,307$6,819$922
33 years$30,803$21,261$14,334$9,478$6,171$773
34 years$29,570$20,151$13,393$8,721$5,587$648
35 years$28,410$19,113$12,522$8,028$5,061$544
36 years$27,318$18,141$11,714$7,393$4,585$456
37 years$26,286$17,230$10,964$6,812$4,156$382
38 years$25,312$16,374$10,267$6,279$3,768$321
39 years$24,389$15,570$9,619$5,789$3,417$269
40 years$23,515$14,814$9,016$5,340$3,099$226
41 years$22,686$14,102$8,454$4,927$2,811$189
42 years$21,898$13,430$7,930$4,547$2,551$159
43 years$21,149$12,796$7,442$4,197$2,315$133
44 years$20,436$12,197$6,985$3,875$2,102$112
45 years$19,757$11,631$6,559$3,579$1,908$94
46 years$19,109$11,096$6,160$3,306$1,732$79
47 years$18,490$10,589$5,788$3,054$1,573$66
48 years$17,899$10,108$5,439$2,822$1,428$55
49 years$17,334$9,653$5,112$2,608$1,297$46
50 years$16,793$9,221$4,806$2,411$1,178$39

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 $2,808 every year, while hoping to spend $39,271 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: 39/35/26 Blend
73$17,200,000$17,200,000$17,200,000$17,200,000
74$18,957,296$18,045,696$17,779,096$19,550,175
75$20,849,157$18,888,152$18,332,912$20,824,315
76$22,932,670$19,770,571$18,903,964$22,197,282
77$25,227,345$20,694,871$19,492,789$23,681,156
78$27,754,676$21,663,061$20,099,940$25,286,062
79$30,538,350$22,677,248$20,725,985$27,023,108
80$33,604,469$23,739,641$21,371,512$28,904,479
81$36,981,795$24,852,553$22,037,128$30,943,551
82$40,702,022$26,018,413$22,723,457$33,155,003
83$44,800,078$27,239,765$23,431,142$35,554,954
84$49,314,448$28,519,276$24,160,848$38,161,103
85$54,287,545$29,859,743$24,913,259$40,992,887
86$59,766,102$31,264,098$25,689,080$44,071,660
87$65,801,621$32,735,415$26,489,041$47,420,878
88$72,450,853$34,276,917$27,313,891$51,066,318
89$79,776,337$35,891,983$28,164,403$55,036,307
90$87,846,989$37,584,156$29,041,376$59,361,977
91$96,738,751$39,357,149$29,945,631$64,077,553
92$106,535,311$41,214,856$30,878,017$69,220,659
93$117,328,891$43,161,362$31,839,409$74,832,665
94$129,221,115$45,200,946$32,830,706$80,959,061
95$142,323,973$47,338,097$33,852,839$87,649,876
96$156,760,875$49,577,521$34,906,767$94,960,134
97$172,667,818$51,924,152$35,993,476$102,950,360
98$190,194,664$54,383,164$37,113,986$111,687,138
99$209,506,562$56,959,982$38,269,348$121,243,718
100$230,785,503$59,660,293$39,460,643$131,700,695