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%12%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,447,041
2 years$748,117$734,184$720,681$707,589$694,889$682,566
3 years$493,791$479,798$466,328$453,359$440,866$428,829
4 years$366,652$352,702$339,368$326,620$314,430$302,771
5 years$290,389$276,523$263,363$250,875$239,024$227,778
6 years$239,564$225,802$212,837$200,627$189,132$178,313
7 years$203,274$189,628$176,868$164,946$153,815$143,427
8 years$176,069$162,546$149,998$138,369$127,604$117,649
9 years$154,921$141,526$129,193$117,860$107,461$97,934
10 years$138,012$124,748$112,634$101,597$91,562$82,458
11 years$124,187$111,056$99,161$88,419$78,747$70,059
12 years$112,674$99,678$88,003$77,556$68,240$59,961
13 years$102,940$90,079$78,625$68,470$59,507$51,626
14 years$94,604$81,880$70,645$60,780$52,163$44,672
15 years$87,386$74,799$63,783$54,205$45,929$38,816
16 years$81,076$68,626$57,828$48,535$40,592$33,846
17 years$75,514$63,202$52,621$43,608$35,992$29,602
18 years$70,576$58,402$48,037$39,300$32,002$25,956
19 years$66,163$54,126$43,975$35,511$28,524$22,810
20 years$62,196$50,297$40,358$32,162$25,478$20,083
21 years$58,611$46,849$37,122$29,189$22,800$17,712
22 years$55,357$43,732$34,214$26,539$20,437$15,643
23 years$52,390$40,902$31,590$24,170$18,346$13,834
24 years$49,675$38,322$29,216$22,044$16,489$12,247
25 years$47,180$35,964$27,059$20,132$14,838$10,853
26 years$44,881$33,800$25,096$18,408$13,365$9,626
27 years$42,756$31,810$23,304$16,849$12,050$8,543
28 years$40,787$29,974$21,664$15,437$10,873$7,588
29 years$38,956$28,277$20,160$14,156$9,818$6,744
30 years$37,251$26,705$18,779$12,992$8,871$5,996
31 years$35,659$25,245$17,507$11,932$8,020$5,334
32 years$34,169$23,887$16,334$10,966$7,255$4,747
33 years$32,773$22,621$15,251$10,084$6,566$4,226
34 years$31,461$21,440$14,250$9,278$5,945$3,763
35 years$30,227$20,335$13,323$8,541$5,384$3,352
36 years$29,065$19,301$12,463$7,866$4,878$2,987
37 years$27,967$18,332$11,665$7,248$4,421$2,662
38 years$26,930$17,422$10,924$6,680$4,008$2,373
39 years$25,949$16,566$10,235$6,160$3,635$2,116
40 years$25,019$15,761$9,593$5,681$3,297$1,886
41 years$24,137$15,003$8,995$5,242$2,991$1,682
42 years$23,299$14,289$8,438$4,838$2,714$1,501
43 years$22,502$13,614$7,918$4,466$2,463$1,339
44 years$21,743$12,977$7,432$4,123$2,236$1,194
45 years$21,020$12,375$6,978$3,808$2,030$1,065
46 years$20,331$11,805$6,554$3,517$1,843$951
47 years$19,673$11,266$6,158$3,250$1,674$848
48 years$19,044$10,755$5,786$3,003$1,520$757
49 years$18,443$10,270$5,439$2,775$1,380$676
50 years$17,867$9,810$5,113$2,565$1,254$603

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 $3,625 every year, while hoping to spend $55,021 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: 50/35/15 Blend
73$18,300,000$18,300,000$18,300,000$18,300,000
74$20,170,339$19,200,439$18,916,789$21,095,600
75$22,169,172$20,082,719$19,491,960$22,614,609
76$24,370,041$21,006,386$20,084,554$24,258,414
77$26,793,497$21,973,411$20,695,099$26,043,571
78$29,462,184$22,985,858$21,324,134$27,983,396
79$32,401,053$24,045,891$21,972,219$30,092,522
80$35,637,598$25,155,778$22,639,926$32,387,017
81$39,202,118$26,317,895$23,327,849$34,884,542
82$43,127,998$27,534,736$24,036,595$37,604,501
83$47,452,026$28,808,911$24,766,794$40,568,220
84$52,214,742$30,143,156$25,519,090$43,799,143
85$57,460,817$31,540,342$26,294,151$47,323,039
86$63,239,477$33,003,476$27,092,662$51,168,243
87$69,604,966$34,535,709$27,915,329$55,365,911
88$76,617,060$36,140,346$28,762,880$59,950,305
89$84,341,628$37,820,850$29,636,064$64,959,106
90$92,851,255$39,580,853$30,535,653$70,433,762
91$102,225,927$41,424,159$31,462,441$76,419,867
92$112,553,787$43,354,758$32,417,249$82,967,578
93$123,931,964$45,376,832$33,400,918$90,132,080
94$136,467,493$47,494,766$34,414,317$97,974,094
95$150,278,322$49,713,153$35,458,341$106,560,434
96$165,494,426$52,036,813$36,533,910$115,964,630
97$182,259,035$54,470,795$37,641,975$126,267,603
98$200,729,987$57,020,394$38,783,511$137,558,416
99$221,081,212$59,691,160$39,959,525$149,935,100
100$243,504,381$62,488,911$41,171,054$163,505,562