Can I retire at age 74 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,362,833
2 years$711,325$698,077$685,238$672,789$660,714$635,946
3 years$469,506$456,201$443,394$431,063$419,184$395,087
4 years$348,620$335,356$322,677$310,556$298,966$275,725
5 years$276,108$262,923$250,411$238,537$227,269$204,952
6 years$227,782$214,697$202,369$190,760$179,830$158,461
7 years$193,277$180,302$168,170$156,834$146,250$125,836
8 years$167,410$154,552$142,621$131,564$121,329$101,864
9 years$147,302$134,565$122,840$112,064$102,176$83,649
10 years$131,225$118,613$107,094$96,600$87,059$69,454
11 years$118,079$105,594$94,284$84,071$74,874$58,171
12 years$107,133$94,775$83,675$73,741$64,884$49,061
13 years$97,878$85,649$74,758$65,103$56,580$41,613
14 years$89,951$77,853$67,170$57,791$49,598$35,459
15 years$83,088$71,120$60,646$51,539$43,670$30,333
16 years$77,089$65,251$54,984$46,148$38,596$26,031
17 years$71,800$60,094$50,034$41,463$34,221$22,400
18 years$67,105$55,529$45,674$37,367$30,428$19,320
19 years$62,909$51,464$41,813$33,764$27,121$16,695
20 years$59,137$47,823$38,373$30,580$24,225$14,452
21 years$55,729$44,545$35,296$27,753$21,679$12,527
22 years$52,635$41,581$32,531$25,234$19,432$10,873
23 years$49,814$38,890$30,036$22,981$17,443$9,447
24 years$47,232$36,438$27,779$20,960$15,678$8,215
25 years$44,860$34,195$25,729$19,142$14,108$7,149
26 years$42,674$32,138$23,862$17,502$12,708$6,226
27 years$40,654$30,245$22,158$16,020$11,457$5,426
28 years$38,781$28,500$20,599$14,678$10,338$4,730
29 years$37,040$26,886$19,169$13,460$9,335$4,126
30 years$35,419$25,391$17,855$12,353$8,435$3,600
31 years$33,905$24,003$16,646$11,345$7,626$3,143
32 years$32,489$22,712$15,531$10,427$6,898$2,744
33 years$31,161$21,509$14,501$9,588$6,243$2,396
34 years$29,914$20,385$13,549$8,822$5,652$2,093
35 years$28,741$19,335$12,667$8,121$5,119$1,829
36 years$27,635$18,352$11,850$7,479$4,639$1,598
37 years$26,592$17,430$11,091$6,891$4,204$1,397
38 years$25,606$16,565$10,387$6,352$3,811$1,221
39 years$24,673$15,751$9,731$5,857$3,456$1,067
40 years$23,789$14,986$9,121$5,402$3,135$933
41 years$22,950$14,266$8,553$4,984$2,844$816
42 years$22,153$13,586$8,023$4,600$2,581$714
43 years$21,395$12,945$7,528$4,246$2,342$624
44 years$20,674$12,339$7,066$3,920$2,126$546
45 years$19,986$11,766$6,635$3,621$1,930$477
46 years$19,331$11,225$6,232$3,344$1,752$417
47 years$18,705$10,712$5,855$3,090$1,591$365
48 years$18,107$10,226$5,502$2,855$1,445$319
49 years$17,536$9,765$5,171$2,639$1,312$279
50 years$16,988$9,328$4,862$2,439$1,192$244

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,400,000, adding $3,268 every year, while hoping to spend $47,079 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: 76/11/13 Blend
73$17,400,000$17,400,000$17,400,000$17,400,000
74$19,178,171$18,255,971$17,986,271$20,584,909
75$21,084,253$19,100,422$18,538,719$22,357,622
76$23,183,177$19,984,673$19,108,097$24,294,183
77$25,494,564$20,910,625$19,694,921$26,415,846
78$28,040,033$21,880,269$20,299,725$28,741,020
79$30,843,409$22,895,695$20,923,058$31,289,972
80$33,930,942$23,959,090$21,565,486$34,085,018
81$37,331,562$25,072,748$22,227,593$37,150,728
82$41,077,144$26,239,076$22,909,980$40,514,158
83$45,202,815$27,460,593$23,613,267$44,205,102
84$49,747,282$28,739,942$24,338,092$48,256,369
85$54,753,199$30,079,893$25,085,112$52,704,089
86$60,267,568$31,483,351$25,855,005$57,588,055
87$66,342,183$32,953,358$26,648,471$62,952,091
88$73,034,119$34,493,106$27,466,229$68,844,462
89$80,406,272$36,105,941$28,309,020$75,318,332
90$88,527,948$37,795,368$29,177,608$82,432,253
91$97,475,523$39,565,065$30,072,782$90,250,721
92$107,333,158$41,418,886$30,995,353$98,844,779
93$118,193,599$43,360,870$31,946,156$108,292,679
94$130,159,048$45,395,254$32,926,054$118,680,624
95$143,342,128$47,526,478$33,935,933$130,103,570
96$157,866,948$49,759,199$34,976,710$142,666,120
97$173,870,273$52,098,296$36,049,326$156,483,509
98$191,502,816$54,548,887$37,154,754$171,682,682
99$210,930,658$57,116,338$38,293,993$188,403,490
100$232,336,818$59,806,271$39,468,074$206,800,002