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

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,427,142
2 years$752,205$738,196$724,619$711,455$698,687$658,580
3 years$496,489$482,419$468,877$455,836$443,275$404,417
4 years$368,656$354,629$341,222$328,404$316,148$278,836
5 years$291,976$278,034$264,802$252,246$240,331$204,668
6 years$240,873$227,035$214,000$201,723$190,165$156,186
7 years$204,385$190,664$177,835$165,848$154,655$122,361
8 years$177,031$163,434$150,818$139,126$128,302$97,675
9 years$155,768$142,299$129,899$118,504$108,048$79,061
10 years$138,767$125,430$113,249$102,152$92,063$64,677
11 years$124,866$111,663$99,703$88,903$79,177$53,350
12 years$113,290$100,222$88,484$77,980$68,613$44,296
13 years$103,503$90,572$79,054$68,844$59,832$36,974
14 years$95,121$82,327$71,031$61,112$52,448$30,995
15 years$87,863$75,207$64,131$54,501$46,180$26,074
16 years$81,519$69,001$58,144$48,800$40,814$21,998
17 years$75,927$63,548$52,909$43,846$36,188$18,605
18 years$70,962$58,721$48,299$39,514$32,177$15,766
19 years$66,524$54,422$44,216$35,705$28,680$13,383
20 years$62,536$50,571$40,579$32,337$25,617$11,377
21 years$58,932$47,105$37,325$29,348$22,925$9,683
22 years$55,660$43,971$34,400$26,684$20,549$8,249
23 years$52,677$41,125$31,763$24,302$18,446$7,034
24 years$49,946$38,532$29,375$22,165$16,580$6,002
25 years$47,438$36,160$27,207$20,242$14,919$5,124
26 years$45,127$33,985$25,233$18,508$13,439$4,378
27 years$42,990$31,984$23,431$16,941$12,116$3,741
28 years$41,010$30,138$21,783$15,522$10,932$3,199
29 years$39,169$28,432$20,270$14,234$9,872$2,736
30 years$37,454$26,851$18,881$13,063$8,920$2,340
31 years$35,854$25,383$17,602$11,997$8,064$2,003
32 years$34,356$24,017$16,423$11,026$7,295$1,714
33 years$32,952$22,745$15,335$10,139$6,602$1,467
34 years$31,633$21,557$14,328$9,329$5,977$1,256
35 years$30,392$20,446$13,395$8,588$5,414$1,076
36 years$29,223$19,407$12,531$7,909$4,905$921
37 years$28,120$18,432$11,729$7,287$4,446$789
38 years$27,078$17,517$10,984$6,717$4,030$676
39 years$26,091$16,657$10,290$6,193$3,655$579
40 years$25,156$15,848$9,645$5,712$3,315$496
41 years$24,269$15,085$9,044$5,270$3,008$425
42 years$23,426$14,367$8,484$4,864$2,729$364
43 years$22,625$13,689$7,961$4,490$2,477$312
44 years$21,862$13,048$7,473$4,146$2,248$267
45 years$21,135$12,443$7,017$3,829$2,041$229
46 years$20,442$11,870$6,590$3,537$1,853$196
47 years$19,780$11,327$6,191$3,267$1,683$168
48 years$19,148$10,813$5,818$3,019$1,528$144
49 years$18,543$10,326$5,469$2,790$1,388$123
50 years$17,965$9,864$5,141$2,579$1,261$106

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 $6,715 every year, while hoping to spend $35,963 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: 53/34/13 Blend
73$18,400,000$18,400,000$18,400,000$18,400,000
74$20,283,727$19,308,527$19,023,327$21,288,851
75$22,314,402$20,216,380$19,622,344$22,882,557
76$24,551,002$21,167,513$20,240,222$24,611,201
77$27,014,491$22,164,008$20,877,557$26,491,159
78$29,727,973$23,208,049$21,534,960$28,536,785
79$32,716,908$24,301,925$22,213,062$30,763,850
80$36,009,350$25,448,037$22,912,517$33,189,684
81$39,636,214$26,648,900$23,633,996$35,833,329
82$43,631,565$27,907,154$24,378,193$38,715,719
83$48,032,945$29,225,565$25,145,823$41,859,861
84$52,881,721$30,607,033$25,937,623$45,291,049
85$58,223,479$32,054,600$26,754,356$49,037,097
86$64,108,452$33,571,454$27,596,805$53,128,587
87$70,591,997$35,160,938$28,465,781$57,599,150
88$77,735,115$36,826,558$29,362,119$62,485,778
89$85,605,028$38,571,990$30,286,681$67,829,160
90$94,275,810$40,401,087$31,240,354$73,674,054
91$103,829,093$42,317,891$32,224,057$80,069,701
92$114,354,832$44,326,638$33,238,733$87,070,279
93$125,952,153$46,431,772$34,285,359$94,735,400
94$138,730,295$48,637,951$35,364,941$103,130,663
95$152,809,634$50,950,060$36,478,516$112,328,256
96$168,322,825$53,373,221$37,627,154$122,407,628
97$185,416,049$55,912,805$38,811,960$133,456,223
98$204,250,398$58,574,444$40,034,072$145,570,289
99$225,003,390$61,364,044$41,294,665$158,855,772
100$247,870,650$64,287,797$42,594,951$173,429,300