Can I retire at age 74 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,411,043
2 years$727,677$714,125$700,990$688,256$675,903$667,475
3 years$480,299$466,688$453,587$440,972$428,821$420,580
4 years$356,634$343,065$330,095$317,696$305,839$297,848
5 years$282,455$268,967$256,167$244,021$232,494$224,777
6 years$233,018$219,632$207,021$195,145$183,964$176,531
7 years$197,720$184,447$172,036$160,440$149,612$142,466
8 years$171,259$158,105$145,900$134,589$124,118$117,260
9 years$150,688$137,659$125,664$114,640$104,525$97,953
10 years$134,242$121,339$109,556$98,821$89,061$82,771
11 years$120,794$108,021$96,452$86,004$76,595$70,584
12 years$109,596$96,954$85,598$75,437$66,376$60,638
13 years$100,128$87,618$76,477$66,599$57,881$52,411
14 years$92,019$79,643$68,715$59,119$50,738$45,529
15 years$84,998$72,755$62,040$52,724$44,674$39,720
16 years$78,861$66,751$56,248$47,209$39,483$34,776
17 years$73,451$61,475$51,184$42,417$35,008$30,542
18 years$68,648$56,806$46,724$38,226$31,128$26,894
19 years$64,355$52,647$42,774$34,540$27,745$23,736
20 years$60,497$48,922$39,256$31,283$24,782$20,990
21 years$57,010$45,569$36,108$28,391$22,177$18,593
22 years$53,845$42,537$33,279$25,814$19,879$16,496
23 years$50,959$39,784$30,727$23,510$17,844$14,654
24 years$48,317$37,275$28,417$21,442$16,039$13,033
25 years$45,891$34,981$26,320$19,582$14,433$11,603
26 years$43,655$32,876$24,411$17,905$13,000$10,339
27 years$41,588$30,941$22,667$16,389$11,721$9,220
28 years$39,672$29,155$21,072$15,016$10,576$8,229
29 years$37,892$27,505$19,610$13,770$9,550$7,348
30 years$36,233$25,975$18,266$12,637$8,629$6,565
31 years$34,684$24,555$17,028$11,606$7,801$5,869
32 years$33,235$23,234$15,888$10,666$7,057$5,249
33 years$31,877$22,003$14,835$9,809$6,386$4,696
34 years$30,602$20,854$13,861$9,025$5,782$4,203
35 years$29,401$19,780$12,959$8,308$5,237$3,763
36 years$28,271$18,774$12,122$7,651$4,745$3,370
37 years$27,203$17,831$11,346$7,050$4,301$3,018
38 years$26,195$16,946$10,625$6,498$3,899$2,704
39 years$25,240$16,114$9,955$5,991$3,536$2,423
40 years$24,335$15,331$9,331$5,526$3,207$2,172
41 years$23,477$14,593$8,749$5,099$2,909$1,947
42 years$22,662$13,898$8,207$4,705$2,640$1,746
43 years$21,887$13,242$7,701$4,344$2,396$1,565
44 years$21,149$12,623$7,229$4,011$2,175$1,404
45 years$20,446$12,037$6,788$3,704$1,974$1,259
46 years$19,775$11,483$6,375$3,421$1,793$1,129
47 years$19,135$10,958$5,989$3,161$1,628$1,013
48 years$18,524$10,461$5,628$2,921$1,478$909
49 years$17,939$9,990$5,290$2,699$1,343$815
50 years$17,379$9,542$4,974$2,495$1,220$731

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,800,000, adding $4,701 every year, while hoping to spend $43,111 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: 49/40/11 Blend
73$17,800,000$17,800,000$17,800,000$17,800,000
74$19,620,449$18,677,049$18,401,149$20,523,119
75$21,575,865$19,546,355$18,971,718$22,012,346
76$23,729,289$20,456,811$19,559,956$23,624,159
77$26,100,871$21,410,390$20,166,409$25,373,942
78$28,712,817$22,409,157$20,791,641$27,274,615
79$31,589,597$23,455,277$21,436,233$29,340,367
80$34,758,172$24,551,022$22,100,783$31,586,778
81$38,248,254$25,698,771$22,785,908$34,030,960
82$42,092,584$26,901,019$23,492,244$36,691,712
83$46,327,241$28,160,382$24,220,448$39,589,688
84$50,991,981$29,479,602$24,971,194$42,747,584
85$56,130,614$30,861,554$25,745,180$46,190,340
86$61,791,417$32,309,251$26,543,125$49,945,373
87$68,027,591$33,825,853$27,365,768$54,042,819
88$74,897,757$35,414,672$28,213,873$58,515,811
89$82,466,518$37,079,180$29,088,228$63,400,777
90$90,805,062$38,823,019$29,989,643$68,737,780
91$99,991,837$40,650,006$30,918,954$74,570,876
92$110,113,290$42,564,141$31,877,024$80,948,521
93$121,264,682$44,569,621$32,864,742$87,924,018
94$133,550,992$46,670,845$33,883,023$95,556,001
95$147,087,901$48,872,424$34,932,812$103,908,979
96$162,002,887$51,179,193$36,015,082$113,053,929
97$178,436,431$53,596,223$37,130,836$123,068,947
98$196,543,338$56,128,829$38,281,110$134,039,974
99$216,494,200$58,782,583$39,466,969$146,061,587
100$238,477,009$61,563,330$40,689,513$159,237,873