Can I retire at age 74 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,345,962
2 years$715,413$702,089$689,176$676,656$664,512$615,156
3 years$472,204$458,823$445,942$433,540$421,594$373,946
4 years$350,624$337,283$324,532$312,341$300,684$255,109
5 years$277,695$264,434$251,850$239,908$228,575$185,192
6 years$229,091$215,930$203,532$191,856$180,864$139,705
7 years$194,388$181,338$169,136$157,736$147,091$108,148
8 years$168,372$155,440$143,441$132,321$122,026$85,267
9 years$148,149$135,339$123,546$112,708$102,763$68,140
10 years$131,979$119,294$107,710$97,155$87,560$55,013
11 years$118,758$106,201$94,826$84,554$75,304$44,767
12 years$107,749$95,320$84,156$74,165$65,257$36,656
13 years$98,440$86,142$75,188$65,477$56,905$30,164
14 years$90,468$78,300$67,556$58,123$49,883$24,920
15 years$83,566$71,529$60,994$51,836$43,921$20,655
16 years$77,532$65,626$55,300$46,413$38,817$17,164
17 years$72,213$60,439$50,321$41,702$34,418$14,295
18 years$67,491$55,849$45,937$37,582$30,603$11,926
19 years$63,271$51,760$42,053$33,958$27,277$9,964
20 years$59,477$48,098$38,594$30,756$24,364$8,336
21 years$56,049$44,801$35,499$27,913$21,803$6,980
22 years$52,937$41,820$32,718$25,379$19,544$5,850
23 years$50,100$39,114$30,209$23,113$17,544$4,906
24 years$47,503$36,647$27,938$21,081$15,769$4,117
25 years$45,118$34,391$25,877$19,252$14,189$3,457
26 years$42,919$32,322$23,999$17,603$12,781$2,903
27 years$40,887$30,419$22,285$16,113$11,523$2,440
28 years$39,004$28,664$20,717$14,763$10,398$2,050
29 years$37,253$27,041$19,279$13,538$9,389$1,724
30 years$35,622$25,537$17,958$12,424$8,483$1,449
31 years$34,100$24,141$16,741$11,411$7,670$1,219
32 years$32,675$22,843$15,620$10,487$6,938$1,025
33 years$31,340$21,632$14,585$9,643$6,279$862
34 years$30,086$20,502$13,627$8,873$5,685$726
35 years$28,906$19,446$12,740$8,168$5,149$610
36 years$27,794$18,457$11,918$7,522$4,665$514
37 years$26,745$17,530$11,155$6,931$4,228$432
38 years$25,753$16,660$10,446$6,388$3,833$364
39 years$24,815$15,842$9,787$5,890$3,476$306
40 years$23,925$15,072$9,173$5,433$3,153$258
41 years$23,082$14,347$8,602$5,013$2,860$217
42 years$22,280$13,664$8,069$4,626$2,596$182
43 years$21,518$13,019$7,571$4,270$2,356$154
44 years$20,792$12,410$7,107$3,943$2,138$129
45 years$20,101$11,834$6,673$3,641$1,941$109
46 years$19,442$11,289$6,268$3,364$1,762$92
47 years$18,813$10,773$5,888$3,108$1,600$77
48 years$18,211$10,285$5,534$2,872$1,453$65
49 years$17,636$9,821$5,201$2,654$1,320$55
50 years$17,086$9,382$4,890$2,453$1,199$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,500,000, adding $5,873 every year, while hoping to spend $45,919 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: 51/29/20 Blend
73$17,500,000$17,500,000$17,500,000$17,500,000
74$19,291,058$18,363,558$18,092,308$20,167,577
75$21,209,888$19,214,515$18,649,543$21,624,053
76$23,322,901$20,105,630$19,223,906$23,201,527
77$25,649,853$21,038,822$19,815,923$24,915,692
78$28,212,516$22,016,102$20,426,135$26,779,509
79$31,034,882$23,039,581$21,055,100$28,807,218
80$34,143,387$24,111,467$21,703,393$31,014,468
81$37,567,163$25,234,079$22,371,607$33,418,459
82$41,338,310$26,409,846$23,060,352$36,038,098
83$45,492,201$27,641,312$23,770,258$38,894,169
84$50,067,818$28,931,148$24,501,973$42,009,528
85$55,108,112$30,282,151$25,256,166$45,409,303
86$60,660,418$31,697,255$26,033,526$49,121,132
87$66,776,895$33,179,535$26,834,763$53,175,412
88$73,515,019$34,732,213$27,660,609$57,605,578
89$80,938,128$36,358,669$28,511,817$62,448,410
90$89,116,019$38,062,445$29,389,164$67,744,376
91$98,125,604$39,847,256$30,293,453$73,537,995
92$108,051,639$41,716,995$31,225,507$79,878,259
93$118,987,522$43,675,744$32,186,177$86,819,075
94$131,036,176$45,727,782$33,176,340$94,419,773
95$144,311,018$47,877,595$34,196,899$102,745,646
96$158,937,032$50,129,887$35,248,786$111,868,562
97$175,051,947$52,489,590$36,332,959$121,867,626
98$192,807,540$54,961,874$37,450,406$132,829,916
99$212,371,061$57,552,158$38,602,148$144,851,291
100$233,926,823$60,266,127$39,789,233$158,037,283