Can I retire at age 74 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,425,875
2 years$739,941$726,160$712,805$699,855$687,295$669,739
3 years$488,394$474,554$461,232$448,404$436,048$418,926
4 years$362,645$348,847$335,659$323,050$310,993$294,437
5 years$287,216$273,501$260,485$248,133$236,412$220,470
6 years$236,946$223,334$210,510$198,434$187,065$171,757
7 years$201,052$187,555$174,935$163,144$152,134$137,465
8 years$174,145$160,770$148,359$136,857$126,210$112,179
9 years$153,228$139,979$127,782$116,572$106,287$92,889
10 years$136,504$123,384$111,403$100,486$90,562$77,787
11 years$122,830$109,842$98,077$87,453$77,886$65,723
12 years$111,443$98,588$87,041$76,708$67,494$55,930
13 years$101,815$89,095$77,765$67,722$58,856$47,876
14 years$93,570$80,985$69,873$60,116$51,593$41,181
15 years$86,431$73,981$63,086$53,613$45,427$35,566
16 years$80,190$67,876$57,196$48,004$40,148$30,821
17 years$74,689$62,512$52,046$43,132$35,598$26,787
18 years$69,805$57,763$47,512$38,870$31,652$23,338
19 years$65,440$53,535$43,495$35,123$28,212$20,376
20 years$61,516$49,747$39,917$31,810$25,200$17,822
21 years$57,971$46,337$36,716$28,870$22,551$15,613
22 years$54,752$43,254$33,840$26,249$20,214$13,696
23 years$51,818$40,455$31,245$23,906$18,145$12,029
24 years$49,132$37,903$28,896$21,803$16,309$10,575
25 years$46,665$35,571$26,764$19,912$14,676$9,306
26 years$44,391$33,431$24,822$18,207$13,219$8,195
27 years$42,289$31,462$23,049$16,665$11,918$7,222
28 years$40,341$29,647$21,427$15,269$10,754$6,368
29 years$38,530$27,968$19,940$14,002$9,711$5,618
30 years$36,844$26,413$18,573$12,850$8,774$4,959
31 years$35,269$24,969$17,315$11,802$7,933$4,379
32 years$33,796$23,626$16,156$10,846$7,176$3,868
33 years$32,414$22,374$15,085$9,974$6,494$3,418
34 years$31,117$21,205$14,094$9,177$5,880$3,021
35 years$29,897$20,113$13,177$8,448$5,325$2,671
36 years$28,747$19,090$12,327$7,780$4,825$2,362
37 years$27,662$18,131$11,538$7,168$4,373$2,089
38 years$26,636$17,231$10,805$6,607$3,965$1,848
39 years$25,665$16,385$10,123$6,092$3,595$1,635
40 years$24,746$15,589$9,488$5,619$3,261$1,446
41 years$23,873$14,839$8,897$5,184$2,959$1,280
42 years$23,044$14,133$8,345$4,785$2,685$1,133
43 years$22,256$13,465$7,831$4,417$2,436$1,003
44 years$21,505$12,835$7,351$4,078$2,212$888
45 years$20,790$12,240$6,902$3,766$2,008$786
46 years$20,109$11,676$6,483$3,479$1,823$696
47 years$19,458$11,143$6,090$3,214$1,655$616
48 years$18,836$10,637$5,723$2,970$1,503$545
49 years$18,241$10,158$5,379$2,745$1,365$483
50 years$17,672$9,703$5,058$2,537$1,240$428

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,100,000, adding $2,084 every year, while hoping to spend $31,810 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: 69/26/5 Blend
73$18,100,000$18,100,000$18,100,000$18,100,000
74$19,948,350$18,989,050$18,708,500$21,313,979
75$21,949,236$19,885,667$19,301,389$23,113,646
76$24,153,146$20,825,153$19,913,074$25,077,390
77$26,580,755$21,809,575$20,544,150$27,224,491
78$29,254,847$22,841,098$21,195,233$29,572,895
79$32,200,525$23,921,996$21,866,958$32,142,345
80$35,445,456$25,054,651$22,559,978$34,954,559
81$39,020,125$26,241,561$23,274,969$38,033,437
82$42,958,125$27,485,345$24,012,629$41,405,271
83$47,296,477$28,788,751$24,773,675$45,098,997
84$52,075,975$30,154,656$25,558,850$49,146,458
85$57,341,572$31,586,082$26,368,919$53,582,700
86$63,142,806$33,086,194$27,204,672$58,446,294
87$69,534,267$34,658,311$28,066,923$63,779,696
88$76,576,109$36,305,916$28,956,512$69,629,640
89$84,334,624$38,032,658$29,874,307$76,047,574
90$92,882,862$39,842,364$30,821,202$83,090,132
91$102,301,322$41,739,048$31,798,121$90,819,669
92$112,678,714$43,726,919$32,806,015$99,304,834
93$124,112,794$45,810,389$33,845,867$108,621,212
94$136,711,286$47,994,085$34,918,692$118,852,032
95$150,592,903$50,282,861$36,025,534$130,088,935
96$165,888,463$52,681,805$37,167,472$142,432,839
97$182,742,125$55,196,252$38,345,621$155,994,870
98$201,312,751$57,831,797$39,561,129$170,897,412
99$221,775,405$60,594,309$40,815,180$187,275,240
100$244,323,005$63,489,939$42,108,998$205,276,787