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

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,350,125
2 years$711,325$698,077$685,238$672,789$660,714$623,327
3 years$469,506$456,201$443,394$431,063$419,184$382,954
4 years$348,620$335,356$322,677$310,556$298,966$264,171
5 years$276,108$262,923$250,411$238,537$227,269$194,006
6 years$227,782$214,697$202,369$190,760$179,830$148,131
7 years$193,277$180,302$168,170$156,834$146,250$116,116
8 years$167,410$154,552$142,621$131,564$121,329$92,744
9 years$147,302$134,565$122,840$112,064$102,176$75,115
10 years$131,225$118,613$107,094$96,600$87,059$61,487
11 years$118,079$105,594$94,284$84,071$74,874$50,751
12 years$107,133$94,775$83,675$73,741$64,884$42,167
13 years$97,878$85,649$74,758$65,103$56,580$35,220
14 years$89,951$77,853$67,170$57,791$49,598$29,545
15 years$83,088$71,120$60,646$51,539$43,670$24,872
16 years$77,089$65,251$54,984$46,148$38,596$20,999
17 years$71,800$60,094$50,034$41,463$34,221$17,772
18 years$67,105$55,529$45,674$37,367$30,428$15,072
19 years$62,909$51,464$41,813$33,764$27,121$12,804
20 years$59,137$47,823$38,373$30,580$24,225$10,892
21 years$55,729$44,545$35,296$27,753$21,679$9,277
22 years$52,635$41,581$32,531$25,234$19,432$7,910
23 years$49,814$38,890$30,036$22,981$17,443$6,750
24 years$47,232$36,438$27,779$20,960$15,678$5,764
25 years$44,860$34,195$25,729$19,142$14,108$4,926
26 years$42,674$32,138$23,862$17,502$12,708$4,211
27 years$40,654$30,245$22,158$16,020$11,457$3,602
28 years$38,781$28,500$20,599$14,678$10,338$3,082
29 years$37,040$26,886$19,169$13,460$9,335$2,638
30 years$35,419$25,391$17,855$12,353$8,435$2,259
31 years$33,905$24,003$16,646$11,345$7,626$1,934
32 years$32,489$22,712$15,531$10,427$6,898$1,657
33 years$31,161$21,509$14,501$9,588$6,243$1,420
34 years$29,914$20,385$13,549$8,822$5,652$1,216
35 years$28,741$19,335$12,667$8,121$5,119$1,042
36 years$27,635$18,352$11,850$7,479$4,639$893
37 years$26,592$17,430$11,091$6,891$4,204$766
38 years$25,606$16,565$10,387$6,352$3,811$656
39 years$24,673$15,751$9,731$5,857$3,456$563
40 years$23,789$14,986$9,121$5,402$3,135$482
41 years$22,950$14,266$8,553$4,984$2,844$414
42 years$22,153$13,586$8,023$4,600$2,581$355
43 years$21,395$12,945$7,528$4,246$2,342$304
44 years$20,674$12,339$7,066$3,920$2,126$261
45 years$19,986$11,766$6,635$3,621$1,930$224
46 years$19,331$11,225$6,232$3,344$1,752$192
47 years$18,705$10,712$5,855$3,090$1,591$164
48 years$18,107$10,226$5,502$2,855$1,445$141
49 years$17,536$9,765$5,171$2,639$1,312$121
50 years$16,988$9,328$4,862$2,439$1,192$104

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 $2,504 every year, while hoping to spend $48,852 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: 67/24/9 Blend
73$17,400,000$17,400,000$17,400,000$17,400,000
74$19,177,383$18,255,183$17,985,483$20,428,059
75$21,081,498$19,097,709$18,536,018$22,101,800
76$23,178,195$19,979,881$19,103,360$23,924,879
77$25,487,067$20,903,591$19,688,018$25,916,686
78$28,029,701$21,870,820$20,290,520$28,093,711
79$30,829,887$22,883,647$20,911,409$30,474,091
80$33,913,839$23,944,249$21,551,244$33,077,782
81$37,310,441$25,054,908$22,210,602$35,926,738
82$41,051,525$26,218,017$22,890,076$39,045,119
83$45,172,165$27,436,085$23,590,278$42,459,512
84$49,711,012$28,711,739$24,311,839$46,199,173
85$54,710,657$30,047,736$25,055,407$50,296,305
86$60,218,033$31,446,964$25,821,652$54,786,348
87$66,284,859$32,912,452$26,611,264$59,708,316
88$72,968,125$34,447,372$27,424,951$65,105,153
89$80,330,634$36,055,054$28,263,447$71,024,134
90$88,441,591$37,738,984$29,127,506$77,517,305
91$97,377,259$39,502,820$30,017,902$84,641,966
92$107,221,676$41,350,394$30,935,438$92,461,206
93$118,067,449$43,285,725$31,880,938$101,044,490
94$130,016,629$45,313,027$32,855,250$110,468,304
95$143,181,675$47,436,714$33,859,250$120,816,876
96$157,686,510$49,661,418$34,893,839$132,182,953
97$173,667,698$51,991,992$35,959,947$144,668,674
98$191,275,729$54,433,524$37,058,530$158,386,521
99$210,676,436$56,991,350$38,190,575$173,460,373
100$232,052,570$59,671,064$39,357,096$190,026,662