Can I retire at age 74 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,446,510
2 years$752,205$738,196$724,619$711,455$698,687$677,840
3 years$496,489$482,419$468,877$455,836$443,275$422,962
4 years$368,656$354,629$341,222$328,404$316,148$296,524
5 years$291,976$278,034$264,802$252,246$240,331$221,453
6 years$240,873$227,035$214,000$201,723$190,165$172,056
7 years$204,385$190,664$177,835$165,848$154,655$137,321
8 years$177,031$163,434$150,818$139,126$128,302$111,740
9 years$155,768$142,299$129,899$118,504$108,048$92,252
10 years$138,767$125,430$113,249$102,152$92,063$77,020
11 years$124,866$111,663$99,703$88,903$79,177$64,873
12 years$113,290$100,222$88,484$77,980$68,613$55,030
13 years$103,503$90,572$79,054$68,844$59,832$46,953
14 years$95,121$82,327$71,031$61,112$52,448$40,252
15 years$87,863$75,207$64,131$54,501$46,180$34,646
16 years$81,519$69,001$58,144$48,800$40,814$29,920
17 years$75,927$63,548$52,909$43,846$36,188$25,912
18 years$70,962$58,721$48,299$39,514$32,177$22,494
19 years$66,524$54,422$44,216$35,705$28,680$19,568
20 years$62,536$50,571$40,579$32,337$25,617$17,052
21 years$58,932$47,105$37,325$29,348$22,925$14,883
22 years$55,660$43,971$34,400$26,684$20,549$13,006
23 years$52,677$41,125$31,763$24,302$18,446$11,379
24 years$49,946$38,532$29,375$22,165$16,580$9,965
25 years$47,438$36,160$27,207$20,242$14,919$8,735
26 years$45,127$33,985$25,233$18,508$13,439$7,662
27 years$42,990$31,984$23,431$16,941$12,116$6,725
28 years$41,010$30,138$21,783$15,522$10,932$5,906
29 years$39,169$28,432$20,270$14,234$9,872$5,189
30 years$37,454$26,851$18,881$13,063$8,920$4,562
31 years$35,854$25,383$17,602$11,997$8,064$4,012
32 years$34,356$24,017$16,423$11,026$7,295$3,529
33 years$32,952$22,745$15,335$10,139$6,602$3,105
34 years$31,633$21,557$14,328$9,329$5,977$2,733
35 years$30,392$20,446$13,395$8,588$5,414$2,406
36 years$29,223$19,407$12,531$7,909$4,905$2,119
37 years$28,120$18,432$11,729$7,287$4,446$1,866
38 years$27,078$17,517$10,984$6,717$4,030$1,644
39 years$26,091$16,657$10,290$6,193$3,655$1,448
40 years$25,156$15,848$9,645$5,712$3,315$1,276
41 years$24,269$15,085$9,044$5,270$3,008$1,124
42 years$23,426$14,367$8,484$4,864$2,729$991
43 years$22,625$13,689$7,961$4,490$2,477$873
44 years$21,862$13,048$7,473$4,146$2,248$769
45 years$21,135$12,443$7,017$3,829$2,041$678
46 years$20,442$11,870$6,590$3,537$1,853$598
47 years$19,780$11,327$6,191$3,267$1,683$527
48 years$19,148$10,813$5,818$3,019$1,528$465
49 years$18,543$10,326$5,469$2,790$1,388$410
50 years$17,965$9,864$5,141$2,579$1,261$361

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,400,000, adding $2,930 every year, while hoping to spend $34,369 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: 44/29/27 Blend
73$18,400,000$18,400,000$18,400,000$18,400,000
74$20,279,822$19,304,622$19,019,422$21,013,008
75$22,311,796$20,213,980$19,620,005$22,445,194
76$24,549,879$21,166,745$20,239,554$23,993,197
77$27,015,058$22,165,007$20,878,671$25,670,618
78$29,730,460$23,210,959$21,537,973$27,489,509
79$32,721,568$24,306,897$22,218,096$29,463,105
80$36,016,466$25,455,233$22,919,700$31,605,938
81$39,646,098$26,658,492$23,643,463$33,933,971
82$43,644,565$27,919,323$24,390,084$36,464,741
83$48,049,445$29,240,504$25,160,285$39,217,513
84$52,902,146$30,624,946$25,954,813$42,213,462
85$58,248,299$32,075,703$26,774,434$45,475,854
86$64,138,190$33,595,977$27,619,941$49,030,269
87$70,627,229$35,189,123$28,492,153$52,904,822
88$77,776,479$36,858,663$29,391,913$57,130,428
89$85,653,228$38,608,286$30,320,090$61,741,080
90$94,331,628$40,441,862$31,277,584$66,774,160
91$103,893,390$42,363,450$32,265,319$72,270,781
92$114,428,560$44,377,303$33,284,251$78,276,165
93$126,036,366$46,487,883$34,335,366$84,840,059
94$138,826,155$48,699,869$35,419,681$92,017,189
95$152,918,425$51,018,166$36,538,243$99,867,769
96$168,445,966$53,447,917$37,692,135$108,458,051
97$185,555,106$55,994,516$38,882,473$117,860,941
98$204,407,100$58,663,620$40,110,409$128,156,668
99$225,179,646$61,461,160$41,377,129$139,433,532
100$248,068,567$64,393,354$42,683,860$151,788,717