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

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,378,936
2 years$727,677$714,125$700,990$688,256$675,903$635,454
3 years$480,299$466,688$453,587$440,972$428,821$389,651
4 years$356,634$343,065$330,095$317,696$305,839$268,249
5 years$282,455$268,967$256,167$244,021$232,494$196,586
6 years$233,018$219,632$207,021$195,145$183,964$149,773
7 years$197,720$184,447$172,036$160,440$149,612$117,137
8 years$171,259$158,105$145,900$134,589$124,118$93,340
9 years$150,688$137,659$125,664$114,640$104,525$75,415
10 years$134,242$121,339$109,556$98,821$89,061$61,579
11 years$120,794$108,021$96,452$86,004$76,595$50,696
12 years$109,596$96,954$85,598$75,437$66,376$42,010
13 years$100,128$87,618$76,477$66,599$57,881$34,995
14 years$92,019$79,643$68,715$59,119$50,738$29,275
15 years$84,998$72,755$62,040$52,724$44,674$24,576
16 years$78,861$66,751$56,248$47,209$39,483$20,690
17 years$73,451$61,475$51,184$42,417$35,008$17,459
18 years$68,648$56,806$46,724$38,226$31,128$14,763
19 years$64,355$52,647$42,774$34,540$27,745$12,503
20 years$60,497$48,922$39,256$31,283$24,782$10,605
21 years$57,010$45,569$36,108$28,391$22,177$9,004
22 years$53,845$42,537$33,279$25,814$19,879$7,653
23 years$50,959$39,784$30,727$23,510$17,844$6,511
24 years$48,317$37,275$28,417$21,442$16,039$5,542
25 years$45,891$34,981$26,320$19,582$14,433$4,721
26 years$43,655$32,876$24,411$17,905$13,000$4,023
27 years$41,588$30,941$22,667$16,389$11,721$3,430
28 years$39,672$29,155$21,072$15,016$10,576$2,925
29 years$37,892$27,505$19,610$13,770$9,550$2,496
30 years$36,233$25,975$18,266$12,637$8,629$2,130
31 years$34,684$24,555$17,028$11,606$7,801$1,818
32 years$33,235$23,234$15,888$10,666$7,057$1,552
33 years$31,877$22,003$14,835$9,809$6,386$1,325
34 years$30,602$20,854$13,861$9,025$5,782$1,132
35 years$29,401$19,780$12,959$8,308$5,237$967
36 years$28,271$18,774$12,122$7,651$4,745$826
37 years$27,203$17,831$11,346$7,050$4,301$705
38 years$26,195$16,946$10,625$6,498$3,899$603
39 years$25,240$16,114$9,955$5,991$3,536$515
40 years$24,335$15,331$9,331$5,526$3,207$440
41 years$23,477$14,593$8,749$5,099$2,909$376
42 years$22,662$13,898$8,207$4,705$2,640$321
43 years$21,887$13,242$7,701$4,344$2,396$274
44 years$21,149$12,623$7,229$4,011$2,175$235
45 years$20,446$12,037$6,788$3,704$1,974$200
46 years$19,775$11,483$6,375$3,421$1,793$171
47 years$19,135$10,958$5,989$3,161$1,628$146
48 years$18,524$10,461$5,628$2,921$1,478$125
49 years$17,939$9,990$5,290$2,699$1,343$107
50 years$17,379$9,542$4,974$2,495$1,220$91

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 $2,065 every year, while hoping to spend $24,892 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: 63/24/13 Blend
73$17,800,000$17,800,000$17,800,000$17,800,000
74$19,617,730$18,674,330$18,398,430$20,793,004
75$21,592,254$19,562,887$18,988,293$22,469,091
76$23,767,344$20,494,150$19,597,081$24,295,485
77$26,163,434$21,470,183$20,225,404$26,289,208
78$28,803,037$22,493,155$20,873,887$28,466,520
79$31,710,963$23,565,336$21,543,180$30,845,306
80$34,914,554$24,689,110$22,233,949$33,445,237
81$38,443,937$25,866,975$22,946,884$36,287,950
82$42,332,312$27,101,550$23,682,698$39,397,251
83$46,616,265$28,395,583$24,442,125$42,799,330
84$51,336,111$29,751,954$25,225,924$46,523,004
85$56,536,279$31,173,685$26,034,878$50,599,983
86$62,265,727$32,663,943$26,869,793$55,065,163
87$68,578,405$34,226,049$27,731,505$59,956,948
88$75,533,765$35,863,489$28,620,873$65,317,607
89$83,197,324$37,579,915$29,538,787$71,193,663
90$91,641,278$39,379,157$30,486,163$77,636,328
91$100,945,186$41,265,234$31,463,948$84,701,976
92$111,196,723$43,242,359$32,473,119$92,452,666
93$122,492,504$45,314,949$33,514,683$100,956,723
94$134,938,996$47,487,638$34,589,681$110,289,369
95$148,653,526$49,765,285$35,699,188$120,533,428
96$163,765,387$52,152,985$36,844,312$131,780,094
97$180,417,058$54,656,083$38,026,198$144,129,783
98$198,765,548$57,280,181$39,246,026$157,693,072
99$218,983,882$60,031,158$40,505,016$172,591,727
100$241,262,730$62,915,177$41,804,426$188,959,844