Can I retire at age 74 with 18,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,441,543
2 years$744,029$730,172$716,743$703,722$691,092$681,259
3 years$491,092$477,176$463,780$450,882$438,457$428,845
4 years$364,649$350,775$337,513$324,835$312,711$303,394
5 years$288,802$275,012$261,924$249,504$237,718$228,724
6 years$238,255$224,568$211,674$199,531$188,098$179,438
7 years$202,163$188,592$175,902$164,045$152,974$144,653
8 years$175,107$161,658$149,179$137,613$126,907$118,924
9 years$154,074$140,752$128,487$117,216$106,874$99,228
10 years$137,258$124,066$112,018$101,041$91,062$83,748
11 years$123,508$110,449$98,619$87,936$78,316$71,330
12 years$112,059$99,133$87,522$77,132$67,867$61,202
13 years$102,378$89,587$78,195$68,096$59,182$52,831
14 years$94,087$81,432$70,259$60,448$51,878$45,834
15 years$86,908$74,390$63,434$53,909$45,678$39,932
16 years$80,633$68,251$57,512$48,270$40,370$34,915
17 years$75,102$62,857$52,334$43,370$35,795$30,621
18 years$70,190$58,083$47,774$39,085$31,827$26,926
19 years$65,801$53,830$43,735$35,317$28,368$23,730
20 years$61,856$50,022$40,138$31,986$25,339$20,954
21 years$58,291$46,593$36,919$29,029$22,676$18,535
22 years$55,055$43,493$34,027$26,394$20,325$16,419
23 years$52,104$40,678$31,417$24,038$18,245$14,564
24 years$49,403$38,113$29,056$21,924$16,399$12,933
25 years$46,922$35,767$26,912$20,022$14,757$11,496
26 years$44,636$33,615$24,959$18,307$13,292$10,228
27 years$42,523$31,636$23,177$16,757$11,984$9,107
28 years$40,564$29,810$21,546$15,353$10,814$8,115
29 years$38,743$28,123$20,050$14,079$9,764$7,235
30 years$37,047$26,559$18,676$12,921$8,823$6,454
31 years$35,464$25,107$17,411$11,867$7,977$5,760
32 years$33,982$23,756$16,245$10,906$7,215$5,143
33 years$32,594$22,498$15,168$10,029$6,530$4,593
34 years$31,289$21,323$14,172$9,228$5,912$4,104
35 years$30,062$20,224$13,250$8,494$5,355$3,668
36 years$28,906$19,196$12,395$7,823$4,852$3,280
37 years$27,815$18,231$11,601$7,208$4,397$2,933
38 years$26,783$17,326$10,864$6,644$3,987$2,623
39 years$25,807$16,476$10,179$6,126$3,615$2,347
40 years$24,882$15,675$9,540$5,650$3,279$2,100
41 years$24,005$14,921$8,946$5,213$2,975$1,879
42 years$23,171$14,211$8,392$4,811$2,699$1,682
43 years$22,379$13,540$7,874$4,441$2,450$1,505
44 years$21,624$12,906$7,391$4,101$2,224$1,348
45 years$20,905$12,307$6,940$3,787$2,019$1,206
46 years$20,220$11,741$6,518$3,498$1,833$1,080
47 years$19,565$11,204$6,124$3,232$1,664$967
48 years$18,940$10,696$5,755$2,986$1,511$866
49 years$18,342$10,214$5,409$2,760$1,373$776
50 years$17,770$9,757$5,085$2,551$1,247$695

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,200,000, adding $5,539 every year, while hoping to spend $23,660 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: 32/42/26 Blend
73$18,200,000$18,200,000$18,200,000$18,200,000
74$20,062,113$19,097,513$18,815,413$20,544,222
75$22,083,275$20,008,118$19,420,556$21,822,679
76$24,309,802$20,962,548$20,045,177$23,196,236
77$26,762,617$21,962,928$20,689,906$24,675,239
78$29,464,775$23,011,483$21,355,389$26,268,975
79$32,441,683$24,110,547$22,042,295$27,987,610
80$35,721,338$25,262,567$22,751,316$29,842,281
81$39,334,592$26,470,110$23,483,162$31,845,190
82$43,315,442$27,735,867$24,238,570$34,009,709
83$47,701,354$29,062,661$25,018,299$36,350,498
84$52,533,613$30,453,452$25,823,132$38,883,630
85$57,857,713$31,911,344$26,653,880$41,626,734
86$63,723,791$33,439,590$27,511,375$44,599,147
87$70,187,093$35,041,606$28,396,482$47,822,088
88$77,308,502$36,720,970$29,310,089$51,318,842
89$85,155,107$38,481,435$30,253,115$55,114,969
90$93,800,842$40,326,940$31,226,509$59,238,530
91$103,327,180$42,261,611$32,231,248$63,720,337
92$113,823,901$44,289,779$33,268,344$68,594,229
93$125,389,944$46,415,984$34,338,839$73,897,378
94$138,134,338$48,644,986$35,443,810$79,670,617
95$152,177,230$50,981,781$36,584,367$85,958,816
96$167,651,023$53,431,604$37,761,659$92,811,279
97$184,701,622$55,999,947$38,976,869$100,282,196
98$203,489,814$58,692,570$40,231,220$108,431,133
99$224,192,782$61,515,513$41,525,974$117,323,574
100$247,005,784$64,475,112$42,862,432$127,031,514