Can I retire at age 74 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,405,257
2 years$748,117$734,184$720,681$707,589$694,889$641,084
3 years$493,791$479,798$466,328$453,359$440,866$388,959
4 years$366,652$352,702$339,368$326,620$314,430$264,816
5 years$290,389$276,523$263,363$250,875$239,024$191,834
6 years$239,564$225,802$212,837$200,627$189,132$144,398
7 years$203,274$189,628$176,868$164,946$153,815$111,525
8 years$176,069$162,546$149,998$138,369$127,604$87,721
9 years$154,921$141,526$129,193$117,860$107,461$69,929
10 years$138,012$124,748$112,634$101,597$91,562$56,314
11 years$124,187$111,056$99,161$88,419$78,747$45,707
12 years$112,674$99,678$88,003$77,556$68,240$37,326
13 years$102,940$90,079$78,625$68,470$59,507$30,631
14 years$94,604$81,880$70,645$60,780$52,163$25,236
15 years$87,386$74,799$63,783$54,205$45,929$20,857
16 years$81,076$68,626$57,828$48,535$40,592$17,282
17 years$75,514$63,202$52,621$43,608$35,992$14,350
18 years$70,576$58,402$48,037$39,300$32,002$11,937
19 years$66,163$54,126$43,975$35,511$28,524$9,943
20 years$62,196$50,297$40,358$32,162$25,478$8,292
21 years$58,611$46,849$37,122$29,189$22,800$6,922
22 years$55,357$43,732$34,214$26,539$20,437$5,783
23 years$52,390$40,902$31,590$24,170$18,346$4,835
24 years$49,675$38,322$29,216$22,044$16,489$4,045
25 years$47,180$35,964$27,059$20,132$14,838$3,385
26 years$44,881$33,800$25,096$18,408$13,365$2,834
27 years$42,756$31,810$23,304$16,849$12,050$2,374
28 years$40,787$29,974$21,664$15,437$10,873$1,988
29 years$38,956$28,277$20,160$14,156$9,818$1,666
30 years$37,251$26,705$18,779$12,992$8,871$1,396
31 years$35,659$25,245$17,507$11,932$8,020$1,171
32 years$34,169$23,887$16,334$10,966$7,255$981
33 years$32,773$22,621$15,251$10,084$6,566$823
34 years$31,461$21,440$14,250$9,278$5,945$690
35 years$30,227$20,335$13,323$8,541$5,384$579
36 years$29,065$19,301$12,463$7,866$4,878$485
37 years$27,967$18,332$11,665$7,248$4,421$407
38 years$26,930$17,422$10,924$6,680$4,008$341
39 years$25,949$16,566$10,235$6,160$3,635$286
40 years$25,019$15,761$9,593$5,681$3,297$240
41 years$24,137$15,003$8,995$5,242$2,991$201
42 years$23,299$14,289$8,438$4,838$2,714$169
43 years$22,502$13,614$7,918$4,466$2,463$142
44 years$21,743$12,977$7,432$4,123$2,236$119
45 years$21,020$12,375$6,978$3,808$2,030$100
46 years$20,331$11,805$6,554$3,517$1,843$84
47 years$19,673$11,266$6,158$3,250$1,674$70
48 years$19,044$10,755$5,786$3,003$1,520$59
49 years$18,443$10,270$5,439$2,775$1,380$49
50 years$17,867$9,810$5,113$2,565$1,254$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,300,000, adding $4,289 every year, while hoping to spend $31,504 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: 53/18/29 Blend
73$18,300,000$18,300,000$18,300,000$18,300,000
74$20,171,024$19,201,124$18,917,474$21,076,174
75$22,194,949$20,108,459$19,517,689$22,612,239
76$24,424,257$21,059,198$20,136,956$24,279,487
77$26,879,867$22,055,433$20,775,879$26,093,394
78$29,584,825$23,099,361$21,435,083$28,068,020
79$32,564,529$24,193,283$22,115,211$30,218,830
80$35,846,969$25,339,611$22,816,927$32,562,823
81$39,462,984$26,540,876$23,540,919$35,118,696
82$43,446,561$27,799,731$24,287,892$37,907,013
83$47,835,150$29,118,959$25,058,577$40,950,390
84$52,670,023$30,501,475$25,853,727$44,273,709
85$57,996,657$31,950,339$26,674,118$47,904,342
86$63,865,168$33,468,758$27,520,553$51,872,406
87$70,330,782$35,060,093$28,393,858$56,211,039
88$77,454,356$36,727,872$29,294,887$60,956,707
89$85,302,955$38,475,793$30,224,520$66,149,541
90$93,950,480$40,307,731$31,183,666$71,833,711
91$103,478,373$42,227,753$32,173,262$78,057,829
92$113,976,375$44,240,121$33,194,275$84,875,406
93$125,543,385$46,349,307$34,247,703$92,345,349
94$138,288,385$48,559,998$35,334,576$100,532,502
95$152,331,472$50,877,109$36,455,955$109,508,257
96$167,804,990$53,305,795$37,612,937$119,351,211
97$184,854,781$55,851,462$38,806,653$130,147,907
98$203,641,563$58,519,777$40,038,270$141,993,632
99$224,342,441$61,316,685$41,308,991$154,993,309
100$247,152,586$64,248,419$42,620,058$169,262,480