Can I retire at age 74 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,425,105
2 years$735,853$722,148$708,867$695,989$683,498$673,172
3 years$485,696$471,932$458,684$445,927$433,639$423,547
4 years$360,642$346,920$333,804$321,265$309,275$299,495
5 years$285,629$271,990$259,046$246,762$235,106$225,667
6 years$235,636$222,100$209,347$197,338$186,031$176,945
7 years$199,942$186,519$173,969$162,242$151,293$142,564
8 years$173,183$159,881$147,539$136,101$125,512$117,140
9 years$152,381$139,205$127,076$115,928$105,700$97,682
10 years$135,750$122,703$110,787$99,931$90,061$82,394
11 years$122,151$109,235$97,535$86,970$77,456$70,134
12 years$110,827$98,044$86,560$76,284$67,122$60,138
13 years$101,253$88,603$77,336$67,348$58,531$51,879
14 years$93,053$80,537$69,487$59,784$51,308$44,979
15 years$85,953$73,572$62,737$53,317$45,176$39,161
16 years$79,747$67,501$56,880$47,739$39,926$34,217
17 years$74,276$62,166$51,759$42,893$35,402$29,989
18 years$69,419$57,444$47,249$38,655$31,477$26,351
19 years$65,078$53,239$43,254$34,929$28,057$23,207
20 years$61,176$49,472$39,697$31,634$25,061$20,477
21 years$57,651$46,081$36,513$28,710$22,426$18,100
22 years$54,450$43,015$33,653$26,104$20,102$16,022
23 years$51,531$40,231$31,072$23,774$18,045$14,201
24 years$48,860$37,694$28,737$21,683$16,219$12,601
25 years$46,407$35,374$26,616$19,802$14,595$11,192
26 years$44,146$33,246$24,685$18,106$13,146$9,950
27 years$42,055$31,288$22,922$16,573$11,853$8,852
28 years$40,118$29,483$21,309$15,184$10,695$7,881
29 years$38,318$27,814$19,830$13,924$9,657$7,021
30 years$36,640$26,267$18,471$12,779$8,726$6,258
31 years$35,074$24,831$17,220$11,737$7,889$5,581
32 years$33,609$23,495$16,066$10,786$7,136$4,979
33 years$32,235$22,250$15,001$9,919$6,458$4,443
34 years$30,945$21,088$14,016$9,126$5,847$3,967
35 years$29,732$20,002$13,104$8,401$5,296$3,542
36 years$28,588$18,985$12,259$7,737$4,798$3,164
37 years$27,509$18,031$11,474$7,129$4,349$2,827
38 years$26,489$17,136$10,745$6,571$3,943$2,527
39 years$25,524$16,295$10,067$6,059$3,575$2,258
40 years$24,609$15,503$9,436$5,588$3,243$2,019
41 years$23,741$14,757$8,848$5,156$2,942$1,805
42 years$22,917$14,054$8,299$4,758$2,670$1,614
43 years$22,133$13,391$7,788$4,392$2,423$1,444
44 years$21,387$12,764$7,310$4,056$2,199$1,291
45 years$20,676$12,172$6,864$3,745$1,997$1,155
46 years$19,997$11,612$6,447$3,460$1,813$1,033
47 years$19,350$11,081$6,057$3,196$1,646$925
48 years$18,732$10,578$5,692$2,954$1,495$827
49 years$18,140$10,102$5,350$2,730$1,358$740
50 years$17,574$9,650$5,030$2,523$1,233$662

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,000,000, adding $6,998 every year, while hoping to spend $54,161 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: 77/18/5 Blend
73$18,000,000$18,000,000$18,000,000$18,000,000
74$19,843,218$18,889,218$18,610,218$21,365,467
75$21,809,600$19,757,163$19,176,034$23,232,918
76$23,974,737$20,665,822$19,758,989$25,271,982
77$26,358,845$21,617,133$20,359,600$27,505,823
78$28,984,202$22,613,126$20,978,401$29,953,755
79$31,875,352$23,655,931$21,615,939$32,637,036
80$35,059,345$24,747,779$22,272,780$35,579,069
81$38,565,985$25,891,007$22,949,505$38,805,617
82$42,428,116$27,088,067$23,646,714$42,345,041
83$46,681,929$28,341,527$24,365,024$46,228,570
84$51,367,305$29,654,081$25,105,071$50,490,584
85$56,528,189$31,028,550$25,867,510$55,168,940
86$62,213,008$32,467,893$26,653,016$60,305,324
87$68,475,125$33,975,210$27,462,282$65,945,639
88$75,373,344$35,553,752$28,296,025$72,140,433
89$82,972,465$37,206,926$29,154,982$78,945,372
90$91,343,895$38,938,303$30,039,912$86,421,761
91$100,566,319$40,751,627$30,951,596$94,637,118
92$110,726,450$42,650,822$31,890,840$103,665,802
93$121,919,838$44,640,003$32,858,474$113,589,713
94$134,251,779$46,723,481$33,855,351$124,499,057
95$147,838,306$48,905,777$34,882,351$136,493,191
96$162,807,284$51,191,631$35,940,380$149,681,557
97$179,299,616$53,586,009$37,030,371$164,184,701
98$197,470,574$56,094,121$38,153,286$180,135,414
99$217,491,265$58,721,426$39,310,114$197,679,968
100$239,550,245$61,473,647$40,501,874$216,979,494