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%18.4%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,348,108
2 years$715,413$702,089$689,176$676,656$664,512$617,266
3 years$472,204$458,823$445,942$433,540$421,594$375,952
4 years$350,624$337,283$324,532$312,341$300,684$256,995
5 years$277,695$264,434$251,850$239,908$228,575$186,955
6 years$229,091$215,930$203,532$191,856$180,864$141,346
7 years$194,388$181,338$169,136$157,736$147,091$109,668
8 years$168,372$155,440$143,441$132,321$122,026$86,670
9 years$148,149$135,339$123,546$112,708$102,763$69,431
10 years$131,979$119,294$107,710$97,155$87,560$56,197
11 years$118,758$106,201$94,826$84,554$75,304$45,849
12 years$107,749$95,320$84,156$74,165$65,257$37,643
13 years$98,440$86,142$75,188$65,477$56,905$31,060
14 years$90,468$78,300$67,556$58,123$49,883$25,733
15 years$83,566$71,529$60,994$51,836$43,921$21,389
16 years$77,532$65,626$55,300$46,413$38,817$17,826
17 years$72,213$60,439$50,321$41,702$34,418$14,889
18 years$67,491$55,849$45,937$37,582$30,603$12,459
19 years$63,271$51,760$42,053$33,958$27,277$10,442
20 years$59,477$48,098$38,594$30,756$24,364$8,762
21 years$56,049$44,801$35,499$27,913$21,803$7,360
22 years$52,937$41,820$32,718$25,379$19,544$6,187
23 years$50,100$39,114$30,209$23,113$17,544$5,206
24 years$47,503$36,647$27,938$21,081$15,769$4,382
25 years$45,118$34,391$25,877$19,252$14,189$3,691
26 years$42,919$32,322$23,999$17,603$12,781$3,110
27 years$40,887$30,419$22,285$16,113$11,523$2,622
28 years$39,004$28,664$20,717$14,763$10,398$2,211
29 years$37,253$27,041$19,279$13,538$9,389$1,865
30 years$35,622$25,537$17,958$12,424$8,483$1,573
31 years$34,100$24,141$16,741$11,411$7,670$1,327
32 years$32,675$22,843$15,620$10,487$6,938$1,120
33 years$31,340$21,632$14,585$9,643$6,279$945
34 years$30,086$20,502$13,627$8,873$5,685$798
35 years$28,906$19,446$12,740$8,168$5,149$674
36 years$27,794$18,457$11,918$7,522$4,665$569
37 years$26,745$17,530$11,155$6,931$4,228$480
38 years$25,753$16,660$10,446$6,388$3,833$405
39 years$24,815$15,842$9,787$5,890$3,476$342
40 years$23,925$15,072$9,173$5,433$3,153$289
41 years$23,082$14,347$8,602$5,013$2,860$244
42 years$22,280$13,664$8,069$4,626$2,596$206
43 years$21,518$13,019$7,571$4,270$2,356$174
44 years$20,792$12,410$7,107$3,943$2,138$147
45 years$20,101$11,834$6,673$3,641$1,941$124
46 years$19,442$11,289$6,268$3,364$1,762$105
47 years$18,813$10,773$5,888$3,108$1,600$89
48 years$18,211$10,285$5,534$2,872$1,453$75
49 years$17,636$9,821$5,201$2,654$1,320$63
50 years$17,086$9,382$4,890$2,453$1,199$53

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 $6,897 every year, while hoping to spend $54,048 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: 32/40/28 Blend
73$17,500,000$17,500,000$17,500,000$17,500,000
74$19,292,114$18,364,614$18,093,364$19,744,383
75$21,202,403$19,206,974$18,641,985$20,934,223
76$23,305,730$20,088,797$19,207,174$22,209,619
77$25,621,728$21,011,962$19,789,427$23,582,300
78$28,172,030$21,978,434$20,389,259$25,060,869
79$30,980,475$22,990,275$21,007,197$26,654,749
80$34,073,331$24,049,646$21,643,786$28,374,267
81$37,479,543$25,158,810$22,299,584$30,230,745
82$41,231,006$26,320,142$22,975,170$32,236,591
83$45,362,868$27,536,128$23,671,138$34,405,416
84$49,913,858$28,809,376$24,388,098$36,752,149
85$54,926,654$30,142,618$25,126,683$39,293,170
86$60,448,286$31,538,719$25,887,539$42,046,451
87$66,530,576$33,000,682$26,671,337$45,031,721
88$73,230,632$34,531,652$27,478,763$48,270,639
89$80,611,382$36,134,928$28,310,528$51,786,984
90$88,742,172$37,813,969$29,167,360$55,606,874
91$97,699,418$39,572,398$30,050,011$59,758,994
92$107,567,328$41,414,015$30,959,256$64,274,857
93$118,438,696$43,342,802$31,895,891$69,189,088
94$130,415,778$45,362,934$32,860,738$74,539,736
95$143,611,257$47,478,787$33,854,642$80,368,618
96$158,149,306$49,694,949$34,878,474$86,721,701
97$174,166,761$52,016,228$35,933,129$93,649,516
98$191,814,414$54,447,666$37,019,531$101,207,619
99$211,258,430$56,994,547$38,138,632$109,457,101
100$232,681,922$59,662,413$39,291,408$118,465,143