Can I retire at age 74 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,383,342
2 years$731,765$718,137$704,928$692,122$679,701$635,727
3 years$482,997$469,310$456,135$443,449$431,230$388,691
4 years$358,638$344,993$331,950$319,480$307,557$266,779
5 years$284,042$270,478$257,607$245,392$233,800$194,892
6 years$234,327$220,866$208,184$196,242$184,998$147,995
7 years$198,831$185,483$173,002$161,341$150,453$115,352
8 years$172,221$158,993$146,720$135,345$124,815$91,594
9 years$151,535$138,432$126,370$115,284$105,112$73,735
10 years$134,996$122,021$110,172$99,376$89,561$59,981
11 years$121,473$108,628$96,994$86,487$77,025$49,190
12 years$110,211$97,499$86,079$75,860$66,749$40,601
13 years$100,690$88,110$76,906$66,973$58,206$33,684
14 years$92,536$80,090$69,101$59,452$51,023$28,062
15 years$85,476$73,164$62,388$53,020$44,925$23,457
16 years$79,304$67,126$56,564$47,474$39,705$19,663
17 years$73,864$61,821$51,471$42,655$35,205$16,521
18 years$69,033$57,125$46,987$38,441$31,303$13,907
19 years$64,717$52,943$43,014$34,734$27,901$11,725
20 years$60,836$49,197$39,476$31,459$24,921$9,899
21 years$57,330$45,825$36,310$28,551$22,302$8,367
22 years$54,147$42,776$33,466$25,959$19,990$7,078
23 years$51,245$40,008$30,900$23,642$17,945$5,993
24 years$48,589$37,485$28,577$21,562$16,129$5,077
25 years$46,149$35,177$26,468$19,692$14,514$4,304
26 years$43,900$33,061$24,548$18,005$13,073$3,650
27 years$41,822$31,114$22,795$16,481$11,787$3,097
28 years$39,895$29,319$21,191$15,100$10,635$2,628
29 years$38,105$27,659$19,720$13,847$9,603$2,231
30 years$36,437$26,121$18,368$12,708$8,677$1,895
31 years$34,879$24,693$17,124$11,671$7,845$1,609
32 years$33,422$23,365$15,977$10,726$7,096$1,367
33 years$32,056$22,127$14,918$9,864$6,422$1,162
34 years$30,773$20,971$13,938$9,075$5,815$987
35 years$29,567$19,891$13,031$8,354$5,267$839
36 years$28,429$18,879$12,191$7,694$4,772$713
37 years$27,356$17,931$11,410$7,089$4,325$606
38 years$26,342$17,041$10,685$6,534$3,921$515
39 years$25,382$16,204$10,011$6,025$3,556$438
40 years$24,472$15,417$9,383$5,557$3,225$372
41 years$23,609$14,675$8,798$5,127$2,926$316
42 years$22,789$13,976$8,253$4,732$2,655$269
43 years$22,010$13,317$7,745$4,368$2,409$229
44 years$21,268$12,694$7,270$4,033$2,187$194
45 years$20,561$12,104$6,826$3,725$1,985$165
46 years$19,886$11,547$6,411$3,441$1,803$141
47 years$19,243$11,020$6,023$3,179$1,637$120
48 years$18,628$10,520$5,660$2,937$1,487$102
49 years$18,039$10,046$5,320$2,714$1,350$86
50 years$17,477$9,596$5,002$2,509$1,226$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,900,000, adding $4,361 every year, while hoping to spend $48,985 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: 53/38/9 Blend
73$17,900,000$17,900,000$17,900,000$17,900,000
74$19,730,298$18,781,598$18,504,148$20,731,222
75$21,690,669$19,649,777$19,071,918$22,279,366
76$23,849,356$20,558,855$19,657,065$23,957,097
77$26,226,535$21,510,784$20,260,122$25,781,192
78$28,844,440$22,507,610$20,881,635$27,765,503
79$31,727,570$23,551,480$21,522,166$29,925,246
80$34,902,919$24,644,640$22,182,296$32,277,139
81$38,400,238$25,789,448$22,862,624$34,839,552
82$42,252,305$26,988,374$23,563,765$37,632,672
83$46,495,244$28,244,007$24,286,354$40,678,690
84$51,168,857$29,559,063$25,031,046$44,001,995
85$56,317,010$30,936,386$25,798,515$47,629,403
86$61,988,035$32,378,959$26,589,455$51,590,399
87$68,235,195$33,889,908$27,404,583$55,917,405
88$75,117,184$35,472,513$28,244,635$60,646,074
89$82,698,678$37,130,208$29,110,372$65,815,625
90$91,050,950$38,866,595$30,002,576$71,469,192
91$100,252,540$40,685,451$30,922,056$77,654,228
92$110,389,996$42,590,735$31,869,641$84,422,938
93$121,558,690$44,586,595$32,846,189$91,832,760
94$133,863,722$46,677,384$33,852,582$99,946,894
95$147,420,908$48,867,662$34,889,729$108,834,887
96$162,357,874$51,162,211$35,958,569$118,573,274
97$178,815,262$53,566,043$37,060,065$129,246,285
98$196,948,054$56,084,416$38,195,213$140,946,629
99$216,927,042$58,722,838$39,365,039$153,776,349
100$238,940,430$61,487,087$40,570,597$167,847,770