Can I retire at age 74 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,398,429
2 years$723,589$710,113$697,052$684,389$672,106$659,015
3 years$477,601$464,066$451,039$438,495$426,412$413,628
4 years$354,631$341,138$328,241$315,911$304,120$291,744
5 years$280,868$267,456$254,728$242,650$231,188$219,253
6 years$231,709$218,398$205,858$194,049$182,931$171,454
7 years$196,609$183,410$171,069$159,538$148,772$137,758
8 years$170,296$157,217$145,080$133,833$123,420$112,869
9 years$149,842$136,885$124,958$113,996$103,938$93,846
10 years$133,487$120,658$108,941$98,265$88,560$78,921
11 years$120,115$107,415$95,910$85,520$76,165$66,971
12 years$108,980$96,409$85,118$75,013$66,003$57,246
13 years$99,565$87,126$76,047$66,225$57,556$49,225
14 years$91,502$79,195$68,328$58,787$50,453$42,538
15 years$84,521$72,346$61,691$52,428$44,423$36,912
16 years$78,418$66,376$55,932$46,944$39,261$32,142
17 years$73,038$61,130$50,896$42,178$34,812$28,072
18 years$68,262$56,487$46,462$38,011$30,953$24,580
19 years$63,994$52,351$42,533$34,346$27,589$21,569
20 years$60,157$48,648$39,035$31,107$24,643$18,963
21 years$56,690$45,313$35,905$28,232$22,053$16,700
22 years$53,542$42,298$33,092$25,669$19,767$14,727
23 years$50,673$39,561$30,554$23,377$17,744$13,004
24 years$48,046$37,066$28,258$21,322$15,949$11,494
25 years$45,633$34,784$26,172$19,472$14,351$10,170
26 years$43,410$32,692$24,273$17,804$12,927$9,006
27 years$41,355$30,767$22,540$16,297$11,655$7,981
28 years$39,449$28,991$20,954$14,931$10,517$7,077
29 years$37,679$27,350$19,499$13,692$9,496$6,279
30 years$36,030$25,829$18,163$12,566$8,580$5,574
31 years$34,490$24,417$16,933$11,541$7,757$4,950
32 years$33,049$23,104$15,799$10,606$7,017$4,398
33 years$31,698$21,879$14,751$9,753$6,351$3,909
34 years$30,430$20,737$13,783$8,974$5,750$3,475
35 years$29,236$19,669$12,886$8,261$5,208$3,091
36 years$28,112$18,668$12,054$7,608$4,718$2,749
37 years$27,050$17,731$11,283$7,010$4,277$2,446
38 years$26,047$16,850$10,566$6,461$3,877$2,177
39 years$25,098$16,023$9,899$5,958$3,516$1,937
40 years$24,199$15,245$9,278$5,495$3,189$1,724
41 years$23,345$14,511$8,700$5,070$2,893$1,535
42 years$22,535$13,820$8,161$4,679$2,625$1,367
43 years$21,764$13,168$7,658$4,319$2,383$1,217
44 years$21,030$12,552$7,188$3,988$2,163$1,084
45 years$20,331$11,969$6,750$3,683$1,963$966
46 years$19,664$11,418$6,339$3,402$1,783$860
47 years$19,028$10,896$5,956$3,143$1,619$766
48 years$18,419$10,402$5,597$2,904$1,470$682
49 years$17,838$9,933$5,261$2,684$1,335$608
50 years$17,281$9,489$4,946$2,481$1,213$542

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,700,000, adding $3,648 every year, while hoping to spend $24,195 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: 52/42/6 Blend
73$17,700,000$17,700,000$17,700,000$17,700,000
74$19,509,163$18,571,063$18,296,713$20,495,864
75$21,473,354$19,455,302$18,883,910$22,049,646
76$23,637,082$20,382,057$19,489,966$23,735,501
77$26,020,674$21,353,387$20,115,489$25,568,195
78$28,646,529$22,371,450$20,761,105$27,561,553
79$31,539,332$23,438,508$21,427,458$29,730,757
80$34,726,282$24,556,933$22,115,217$32,092,480
81$38,237,354$25,729,214$22,825,068$34,665,038
82$42,105,579$26,957,961$23,557,723$37,468,553
83$46,367,356$28,245,908$24,313,914$40,525,133
84$51,062,794$29,595,925$25,094,398$43,859,074
85$56,236,095$31,011,022$25,899,956$47,497,079
86$61,935,967$32,494,352$26,731,395$51,468,501
87$68,216,085$34,049,225$27,589,546$55,805,606
88$75,135,599$35,679,110$28,475,269$60,543,871
89$82,759,690$37,387,646$29,389,450$65,722,307
90$91,160,186$39,178,648$30,333,005$71,383,812
91$100,416,241$41,056,118$31,306,877$77,575,565
92$110,615,082$43,024,253$32,312,042$84,349,460
93$121,852,831$45,087,452$33,349,506$91,762,581
94$134,235,413$47,250,330$34,420,307$99,877,725
95$147,879,557$49,517,728$35,525,519$108,763,980
96$162,913,896$51,894,721$36,666,248$118,497,363
97$179,480,181$54,386,630$37,843,636$129,161,521
98$197,734,624$56,999,039$39,058,862$140,848,499
99$217,849,365$59,737,801$40,313,143$153,659,597
100$240,014,102$62,609,056$41,607,735$167,706,302