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%16.8%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,395,554
2 years$735,853$722,148$708,867$695,989$683,498$643,706
3 years$485,696$471,932$458,684$445,927$433,639$395,092
4 years$360,642$346,920$333,804$321,265$309,275$272,269
5 years$285,629$271,990$259,046$246,762$235,106$199,743
6 years$235,636$222,100$209,347$197,338$186,031$152,344
7 years$199,942$186,519$173,969$162,242$151,293$119,283
8 years$173,183$159,881$147,539$136,101$125,512$95,162
9 years$152,381$139,205$127,076$115,928$105,700$76,980
10 years$135,750$122,703$110,787$99,931$90,061$62,936
11 years$122,151$109,235$97,535$86,970$77,456$51,880
12 years$110,827$98,044$86,560$76,284$67,122$43,048
13 years$101,253$88,603$77,336$67,348$58,531$35,908
14 years$93,053$80,537$69,487$59,784$51,308$30,080
15 years$85,953$73,572$62,737$53,317$45,176$25,287
16 years$79,747$67,501$56,880$47,739$39,926$21,319
17 years$74,276$62,166$51,759$42,893$35,402$18,017
18 years$69,419$57,444$47,249$38,655$31,477$15,257
19 years$65,078$53,239$43,254$34,929$28,057$12,941
20 years$61,176$49,472$39,697$31,634$25,061$10,993
21 years$57,651$46,081$36,513$28,710$22,426$9,348
22 years$54,450$43,015$33,653$26,104$20,102$7,958
23 years$51,531$40,231$31,072$23,774$18,045$6,780
24 years$48,860$37,694$28,737$21,683$16,219$5,781
25 years$46,407$35,374$26,616$19,802$14,595$4,932
26 years$44,146$33,246$24,685$18,106$13,146$4,210
27 years$42,055$31,288$22,922$16,573$11,853$3,595
28 years$40,118$29,483$21,309$15,184$10,695$3,071
29 years$38,318$27,814$19,830$13,924$9,657$2,625
30 years$36,640$26,267$18,471$12,779$8,726$2,243
31 years$35,074$24,831$17,220$11,737$7,889$1,918
32 years$33,609$23,495$16,066$10,786$7,136$1,640
33 years$32,235$22,250$15,001$9,919$6,458$1,403
34 years$30,945$21,088$14,016$9,126$5,847$1,200
35 years$29,732$20,002$13,104$8,401$5,296$1,027
36 years$28,588$18,985$12,259$7,737$4,798$878
37 years$27,509$18,031$11,474$7,129$4,349$752
38 years$26,489$17,136$10,745$6,571$3,943$643
39 years$25,524$16,295$10,067$6,059$3,575$551
40 years$24,609$15,503$9,436$5,588$3,243$471
41 years$23,741$14,757$8,848$5,156$2,942$403
42 years$22,917$14,054$8,299$4,758$2,670$345
43 years$22,133$13,391$7,788$4,392$2,423$296
44 years$21,387$12,764$7,310$4,056$2,199$253
45 years$20,676$12,172$6,864$3,745$1,997$217
46 years$19,997$11,612$6,447$3,460$1,813$185
47 years$19,350$11,081$6,057$3,196$1,646$159
48 years$18,732$10,578$5,692$2,954$1,495$136
49 years$18,140$10,102$5,350$2,730$1,358$116
50 years$17,574$9,650$5,030$2,523$1,233$100

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 $5,248 every year, while hoping to spend $52,533 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: 57/35/8 Blend
73$18,000,000$18,000,000$18,000,000$18,000,000
74$19,841,413$18,887,413$18,608,413$20,935,821
75$21,809,343$19,757,002$19,175,900$22,542,925
76$23,976,240$20,667,440$19,760,638$24,286,791
77$26,362,345$21,620,673$20,363,148$26,185,536
78$28,989,960$22,618,741$20,983,968$28,253,961
79$31,883,658$23,663,782$21,623,654$30,508,336
80$35,070,521$24,758,036$22,282,776$32,966,539
81$38,580,388$25,903,854$22,961,922$35,648,226
82$42,446,140$27,103,695$23,661,699$38,575,004
83$46,704,011$28,360,142$24,382,731$41,770,633
84$51,393,929$29,675,897$25,125,661$45,261,239
85$56,559,891$31,053,797$25,891,152$49,075,555
86$62,250,380$32,496,813$26,679,886$53,245,182
87$68,518,822$34,008,061$27,492,566$57,804,881
88$75,424,091$35,590,805$28,329,916$62,792,892
89$83,031,062$37,248,468$29,192,682$68,251,285
90$91,411,227$38,984,639$30,081,633$74,226,347
91$100,643,365$40,803,079$30,997,560$80,769,010
92$110,814,288$42,707,731$31,941,279$87,935,319
93$122,019,663$44,702,727$32,913,629$95,786,953
94$134,364,909$46,792,401$33,915,476$104,391,792
95$147,966,197$48,981,295$34,947,711$113,824,550
96$162,951,541$51,274,171$36,011,252$124,167,462
97$179,462,014$53,676,021$37,107,045$135,511,053
98$197,653,072$56,192,079$38,236,063$147,954,974
99$217,696,024$58,827,829$39,399,310$161,608,927
100$239,779,651$61,589,026$40,597,820$176,593,692