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%17%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,347,948
2 years$711,325$698,077$685,238$672,789$660,714$621,174
3 years$469,506$456,201$443,394$431,063$419,184$380,895
4 years$348,620$335,356$322,677$310,556$298,966$262,221
5 years$276,108$262,923$250,411$238,537$227,269$192,169
6 years$227,782$214,697$202,369$190,760$179,830$146,407
7 years$193,277$180,302$168,170$156,834$146,250$114,505
8 years$167,410$154,552$142,621$131,564$121,329$91,242
9 years$147,302$134,565$122,840$112,064$102,176$73,720
10 years$131,225$118,613$107,094$96,600$87,059$60,195
11 years$118,079$105,594$94,284$84,071$74,874$49,557
12 years$107,133$94,775$83,675$73,741$64,884$41,066
13 years$97,878$85,649$74,758$65,103$56,580$34,208
14 years$89,951$77,853$67,170$57,791$49,598$28,617
15 years$83,088$71,120$60,646$51,539$43,670$24,023
16 years$77,089$65,251$54,984$46,148$38,596$20,225
17 years$71,800$60,094$50,034$41,463$34,221$17,067
18 years$67,105$55,529$45,674$37,367$30,428$14,431
19 years$62,909$51,464$41,813$33,764$27,121$12,222
20 years$59,137$47,823$38,373$30,580$24,225$10,366
21 years$55,729$44,545$35,296$27,753$21,679$8,802
22 years$52,635$41,581$32,531$25,234$19,432$7,481
23 years$49,814$38,890$30,036$22,981$17,443$6,364
24 years$47,232$36,438$27,779$20,960$15,678$5,418
25 years$44,860$34,195$25,729$19,142$14,108$4,615
26 years$42,674$32,138$23,862$17,502$12,708$3,933
27 years$40,654$30,245$22,158$16,020$11,457$3,353
28 years$38,781$28,500$20,599$14,678$10,338$2,860
29 years$37,040$26,886$19,169$13,460$9,335$2,440
30 years$35,419$25,391$17,855$12,353$8,435$2,082
31 years$33,905$24,003$16,646$11,345$7,626$1,777
32 years$32,489$22,712$15,531$10,427$6,898$1,517
33 years$31,161$21,509$14,501$9,588$6,243$1,295
34 years$29,914$20,385$13,549$8,822$5,652$1,106
35 years$28,741$19,335$12,667$8,121$5,119$945
36 years$27,635$18,352$11,850$7,479$4,639$807
37 years$26,592$17,430$11,091$6,891$4,204$690
38 years$25,606$16,565$10,387$6,352$3,811$589
39 years$24,673$15,751$9,731$5,857$3,456$503
40 years$23,789$14,986$9,121$5,402$3,135$430
41 years$22,950$14,266$8,553$4,984$2,844$367
42 years$22,153$13,586$8,023$4,600$2,581$314
43 years$21,395$12,945$7,528$4,246$2,342$268
44 years$20,674$12,339$7,066$3,920$2,126$229
45 years$19,986$11,766$6,635$3,621$1,930$196
46 years$19,331$11,225$6,232$3,344$1,752$167
47 years$18,705$10,712$5,855$3,090$1,591$143
48 years$18,107$10,226$5,502$2,855$1,445$122
49 years$17,536$9,765$5,171$2,639$1,312$105
50 years$16,988$9,328$4,862$2,439$1,192$89

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 $2,653 every year, while hoping to spend $53,747 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: 48/45/7 Blend
73$17,400,000$17,400,000$17,400,000$17,400,000
74$19,177,537$18,255,337$17,985,637$20,062,552
75$21,076,459$19,092,662$18,530,969$21,506,113
76$23,167,270$19,969,214$19,092,769$23,066,620
77$25,469,486$20,886,860$19,671,531$24,759,582
78$28,004,611$21,847,554$20,267,764$26,597,332
79$30,796,341$22,853,344$20,881,995$28,593,411
80$33,870,789$23,906,379$21,514,763$30,762,683
81$37,256,727$25,008,909$22,166,625$33,121,472
82$40,985,862$26,163,294$22,838,155$35,687,702
83$45,093,129$27,372,005$23,529,943$38,481,066
84$49,617,029$28,637,634$24,242,597$41,523,195
85$54,599,986$29,962,898$24,976,744$44,837,857
86$60,088,748$31,350,643$25,733,028$48,451,172
87$66,134,830$32,803,854$26,512,114$52,391,844
88$72,794,998$34,325,659$27,314,685$56,691,429
89$80,131,808$35,919,336$28,141,448$61,384,613
90$88,214,192$37,588,323$28,993,125$66,509,534
91$97,118,110$39,336,222$29,870,466$72,108,128
92$106,927,270$41,166,809$30,774,239$78,226,510
93$117,733,911$43,084,043$31,705,236$84,915,398
94$129,639,682$45,092,073$32,664,273$92,230,578
95$142,756,594$47,195,249$33,652,191$100,233,413
96$157,208,082$49,398,131$34,669,854$108,991,412
97$173,130,167$51,705,500$35,718,155$118,578,843
98$190,672,740$54,122,366$36,798,009$129,077,428
99$210,000,979$56,653,981$37,910,362$140,577,086
100$231,296,907$59,305,855$39,056,188$153,176,769