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%13.5%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,406,621
2 years$731,765$718,137$704,928$692,122$679,701$658,839
3 years$482,997$469,310$456,135$443,449$431,230$410,905
4 years$358,638$344,993$331,950$319,480$307,557$287,926
5 years$284,042$270,478$257,607$245,392$233,800$214,919
6 years$234,327$220,866$208,184$196,242$184,998$166,890
7 years$198,831$185,483$173,002$161,341$150,453$133,124
8 years$172,221$158,993$146,720$135,345$124,815$108,262
9 years$151,535$138,432$126,370$115,284$105,112$89,328
10 years$134,996$122,021$110,172$99,376$89,561$74,533
11 years$121,473$108,628$96,994$86,487$77,025$62,739
12 years$110,211$97,499$86,079$75,860$66,749$53,186
13 years$100,690$88,110$76,906$66,973$58,206$45,349
14 years$92,536$80,090$69,101$59,452$51,023$38,852
15 years$85,476$73,164$62,388$53,020$44,925$33,417
16 years$79,304$67,126$56,564$47,474$39,705$28,839
17 years$73,864$61,821$51,471$42,655$35,205$24,958
18 years$69,033$57,125$46,987$38,441$31,303$21,651
19 years$64,717$52,943$43,014$34,734$27,901$18,820
20 years$60,836$49,197$39,476$31,459$24,921$16,389
21 years$57,330$45,825$36,310$28,551$22,302$14,293
22 years$54,147$42,776$33,466$25,959$19,990$12,481
23 years$51,245$40,008$30,900$23,642$17,945$10,911
24 years$48,589$37,485$28,577$21,562$16,129$9,548
25 years$46,149$35,177$26,468$19,692$14,514$8,362
26 years$43,900$33,061$24,548$18,005$13,073$7,329
27 years$41,822$31,114$22,795$16,481$11,787$6,428
28 years$39,895$29,319$21,191$15,100$10,635$5,641
29 years$38,105$27,659$19,720$13,847$9,603$4,952
30 years$36,437$26,121$18,368$12,708$8,677$4,350
31 years$34,879$24,693$17,124$11,671$7,845$3,822
32 years$33,422$23,365$15,977$10,726$7,096$3,359
33 years$32,056$22,127$14,918$9,864$6,422$2,954
34 years$30,773$20,971$13,938$9,075$5,815$2,597
35 years$29,567$19,891$13,031$8,354$5,267$2,285
36 years$28,429$18,879$12,191$7,694$4,772$2,010
37 years$27,356$17,931$11,410$7,089$4,325$1,769
38 years$26,342$17,041$10,685$6,534$3,921$1,557
39 years$25,382$16,204$10,011$6,025$3,556$1,370
40 years$24,472$15,417$9,383$5,557$3,225$1,206
41 years$23,609$14,675$8,798$5,127$2,926$1,062
42 years$22,789$13,976$8,253$4,732$2,655$935
43 years$22,010$13,317$7,745$4,368$2,409$823
44 years$21,268$12,694$7,270$4,033$2,187$725
45 years$20,561$12,104$6,826$3,725$1,985$638
46 years$19,886$11,547$6,411$3,441$1,803$562
47 years$19,243$11,020$6,023$3,179$1,637$495
48 years$18,628$10,520$5,660$2,937$1,487$436
49 years$18,039$10,046$5,320$2,714$1,350$384
50 years$17,477$9,596$5,002$2,509$1,226$338

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 $3,029 every year, while hoping to spend $39,666 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: 74/20/6 Blend
73$17,900,000$17,900,000$17,900,000$17,900,000
74$19,728,924$18,780,224$18,502,774$21,175,719
75$21,699,070$19,658,251$19,080,413$23,006,319
76$23,868,842$20,577,972$19,676,073$25,005,735
77$26,258,559$21,541,387$20,290,317$27,194,835
78$28,890,612$22,550,596$20,923,723$29,592,355
79$31,789,676$23,607,796$21,576,889$32,218,914
80$34,982,939$24,715,294$22,250,431$35,097,207
81$38,500,363$25,875,508$22,944,984$38,252,213
82$42,374,962$27,090,970$23,661,204$41,711,428
83$46,643,119$28,364,339$24,399,765$45,505,120
84$51,344,924$29,698,398$25,161,364$49,666,609
85$56,524,556$31,096,069$25,946,719$54,232,580
86$62,230,698$32,560,413$26,756,571$59,243,421
87$68,516,995$34,094,640$27,591,682$64,743,600
88$75,442,567$35,702,115$28,452,842$70,782,082
89$83,072,557$37,386,367$29,340,860$77,412,782
90$91,478,754$39,151,095$30,256,575$84,695,070
91$100,740,265$41,000,178$31,200,849$92,694,325
92$110,944,268$42,937,682$32,174,573$101,482,544
93$122,186,826$44,967,871$33,178,664$111,139,020
94$134,573,802$47,095,217$34,214,069$121,751,076
95$148,221,853$49,324,406$35,281,764$133,414,890
96$163,259,533$51,660,353$36,382,754$146,236,387
97$179,828,507$54,108,211$37,518,077$160,332,238
98$198,084,886$56,673,385$38,688,804$175,830,950
99$218,200,702$59,361,538$39,896,037$192,874,068
100$240,365,533$62,178,613$41,140,914$211,617,505