Can I retire at age 74 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,367,968
2 years$707,237$694,065$681,300$668,923$656,917$645,268
3 years$466,808$453,579$440,846$428,585$416,775$405,396
4 years$346,617$333,429$320,823$308,772$297,248$286,226
5 years$274,521$261,412$248,972$237,166$225,963$215,331
6 years$226,473$213,463$201,206$189,664$178,797$168,569
7 years$192,166$179,266$167,203$155,933$145,410$135,590
8 years$166,448$153,664$141,802$130,808$120,631$111,220
9 years$146,455$133,792$122,134$111,420$101,589$92,583
10 years$130,471$117,931$106,479$96,045$86,559$77,952
11 years$117,401$104,987$93,742$83,588$74,444$66,231
12 years$106,517$94,231$83,194$73,318$64,511$56,684
13 years$97,315$85,157$74,328$64,729$56,255$48,805
14 years$89,434$77,405$66,784$57,459$49,313$42,231
15 years$82,611$70,711$60,297$51,243$43,419$36,695
16 years$76,646$64,876$54,668$45,883$38,374$31,997
17 years$71,388$59,749$49,746$41,225$34,025$27,984
18 years$66,719$55,210$45,412$37,152$30,253$24,538
19 years$62,547$51,168$41,572$33,570$26,965$21,563
20 years$58,797$47,548$38,153$30,404$24,086$18,986
21 years$55,409$44,289$35,093$27,594$21,554$16,744
22 years$52,332$41,342$32,344$25,089$19,320$14,788
23 years$49,527$38,667$29,864$22,849$17,343$13,078
24 years$46,960$36,228$27,619$20,840$15,588$11,578
25 years$44,602$33,998$25,581$19,032$14,027$10,260
26 years$42,429$31,953$23,725$17,402$12,635$9,100
27 years$40,420$30,071$22,031$15,928$11,392$8,077
28 years$38,558$28,336$20,480$14,594$10,279$7,173
29 years$36,827$26,732$19,059$13,383$9,282$6,375
30 years$35,215$25,246$17,752$12,282$8,386$5,668
31 years$33,710$23,865$16,550$11,280$7,582$5,042
32 years$32,302$22,581$15,442$10,367$6,859$4,487
33 years$30,982$21,385$14,418$9,533$6,207$3,995
34 years$29,742$20,268$13,471$8,771$5,620$3,558
35 years$28,576$19,224$12,595$8,074$5,090$3,169
36 years$27,476$18,246$11,782$7,436$4,612$2,824
37 years$26,439$17,330$11,028$6,852$4,180$2,517
38 years$25,459$16,470$10,327$6,315$3,789$2,243
39 years$24,531$15,661$9,675$5,823$3,436$2,000
40 years$23,652$14,900$9,069$5,371$3,117$1,783
41 years$22,818$14,184$8,503$4,955$2,828$1,590
42 years$22,025$13,508$7,977$4,573$2,566$1,419
43 years$21,272$12,870$7,485$4,222$2,329$1,265
44 years$20,555$12,268$7,026$3,898$2,114$1,129
45 years$19,872$11,699$6,597$3,600$1,919$1,007
46 years$19,220$11,160$6,196$3,325$1,742$899
47 years$18,598$10,650$5,821$3,072$1,582$802
48 years$18,003$10,167$5,470$2,839$1,437$716
49 years$17,435$9,709$5,142$2,624$1,305$639
50 years$16,891$9,274$4,834$2,425$1,185$570

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,300,000, adding $5,041 every year, while hoping to spend $27,205 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: 56/32/12 Blend
73$17,300,000$17,300,000$17,300,000$17,300,000
74$19,069,800$18,152,900$17,884,750$20,079,587
75$20,985,973$19,013,446$18,454,943$21,624,303
76$23,096,685$19,915,247$19,043,326$23,302,623
77$25,421,749$20,860,296$19,650,479$25,130,072
78$27,982,999$21,850,682$20,277,002$27,120,899
79$30,804,495$22,888,596$20,923,512$29,290,766
80$33,912,753$23,976,336$21,590,649$31,656,883
81$37,336,987$25,116,311$22,279,069$34,238,174
82$41,109,396$26,311,046$22,989,454$37,055,437
83$45,265,457$27,563,190$23,722,503$40,131,545
84$49,844,268$28,875,520$24,478,941$43,491,647
85$54,888,912$30,250,950$25,259,515$47,163,401
86$60,446,867$31,692,532$26,064,994$51,177,228
87$66,570,450$33,203,469$26,896,174$55,566,586
88$73,317,316$34,787,119$27,753,876$60,368,286
89$80,750,998$36,447,003$28,638,947$65,622,821
90$88,941,508$38,186,815$29,552,260$71,374,745
91$97,965,998$40,010,425$30,494,716$77,673,083
92$107,909,488$41,921,894$31,467,248$84,571,780
93$118,865,669$43,925,480$32,470,814$92,130,203
94$130,937,788$46,025,649$33,506,407$100,413,690
95$144,239,619$48,227,082$34,575,048$109,494,153
96$158,896,541$50,534,690$35,677,793$119,450,743
97$175,046,720$52,953,622$36,815,731$130,370,590
98$192,842,414$55,489,278$37,989,987$142,349,607
99$212,451,408$58,147,320$39,201,719$155,493,383
100$234,058,599$60,933,687$40,452,124$169,918,164