Can I retire at age 74 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,447,207
2 years$756,293$742,208$728,557$715,322$702,484$674,374
3 years$499,187$485,041$471,425$458,314$445,685$418,350
4 years$370,659$356,557$343,077$330,189$317,866$291,518
5 years$293,563$279,545$266,242$253,617$241,637$216,351
6 years$242,182$228,269$215,163$202,820$191,199$167,002
7 years$205,496$191,700$178,801$166,749$155,496$132,395
8 years$177,994$164,322$151,638$139,882$128,999$106,987
9 years$156,614$143,072$130,605$119,148$108,636$87,700
10 years$139,521$126,111$113,865$102,707$92,563$72,683
11 years$125,544$112,269$100,245$89,386$79,607$60,761
12 years$113,906$100,767$88,965$78,403$68,986$51,146
13 years$104,065$91,064$79,484$69,218$60,157$43,295
14 years$95,638$82,775$71,417$61,444$52,733$36,818
15 years$88,341$75,616$64,480$54,798$46,431$31,430
16 years$81,962$69,376$58,460$49,065$41,036$26,915
17 years$76,340$63,893$53,197$44,085$36,385$23,111
18 years$71,347$59,040$48,562$39,729$32,352$19,890
19 years$66,886$54,718$44,456$35,899$28,836$17,150
20 years$62,876$50,846$40,799$32,513$25,757$14,812
21 years$59,252$47,361$37,528$29,508$23,049$12,811
22 years$55,962$44,210$34,587$26,829$20,660$11,093
23 years$52,963$41,349$31,935$24,434$18,546$9,615
24 years$50,218$38,741$29,535$22,285$16,670$8,342
25 years$47,696$36,357$27,355$20,352$15,000$7,243
26 years$45,372$34,169$25,371$18,609$13,512$6,293
27 years$43,224$32,157$23,559$17,033$12,182$5,470
28 years$41,232$30,302$21,901$15,606$10,992$4,758
29 years$39,382$28,586$20,381$14,311$9,925$4,140
30 years$37,658$26,997$18,984$13,134$8,968$3,603
31 years$36,048$25,521$17,698$12,063$8,108$3,137
32 years$34,543$24,148$16,513$11,086$7,334$2,732
33 years$33,131$22,868$15,418$10,194$6,638$2,380
34 years$31,805$21,674$14,406$9,380$6,010$2,074
35 years$30,558$20,557$13,468$8,635$5,443$1,808
36 years$29,382$19,512$12,599$7,952$4,932$1,576
37 years$28,273$18,532$11,793$7,327$4,470$1,374
38 years$27,225$17,612$11,043$6,753$4,052$1,198
39 years$26,233$16,747$10,346$6,227$3,675$1,044
40 years$25,292$15,934$9,698$5,743$3,333$911
41 years$24,400$15,167$9,093$5,299$3,024$794
42 years$23,553$14,445$8,530$4,890$2,744$693
43 years$22,748$13,763$8,004$4,514$2,490$604
44 years$21,981$13,119$7,513$4,168$2,260$527
45 years$21,250$12,510$7,055$3,850$2,052$460
46 years$20,553$11,934$6,626$3,556$1,863$401
47 years$19,888$11,389$6,225$3,285$1,692$350
48 years$19,252$10,872$5,850$3,036$1,536$305
49 years$18,644$10,382$5,498$2,805$1,395$266
50 years$18,062$9,918$5,169$2,593$1,267$232

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,500,000, adding $4,694 every year, while hoping to spend $41,753 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: 21/49/30 Blend
73$18,500,000$18,500,000$18,500,000$18,500,000
74$20,391,842$19,411,342$19,124,592$20,626,015
75$22,427,385$20,318,073$19,720,841$21,750,749
76$24,669,154$21,267,834$20,335,665$22,948,430
77$27,138,140$22,262,690$20,969,642$24,227,814
78$29,857,473$23,304,805$21,623,368$25,595,550
79$32,852,643$24,396,448$22,297,458$27,058,894
80$36,151,736$25,539,998$22,992,547$28,625,766
81$39,785,702$26,737,947$23,709,286$30,304,812
82$43,788,648$27,992,910$24,448,351$32,105,478
83$48,198,155$29,307,627$25,210,435$34,038,085
84$53,055,638$30,684,972$25,996,257$36,113,916
85$58,406,735$32,127,958$26,806,553$38,345,310
86$64,301,735$33,639,741$27,642,085$40,745,766
87$70,796,057$35,223,633$28,503,640$43,330,053
88$77,950,769$36,883,106$29,392,027$46,114,339
89$85,833,168$38,621,798$30,308,080$49,116,327
90$94,517,411$40,443,526$31,252,661$52,355,408
91$104,085,219$42,352,291$32,226,657$55,852,825
92$114,626,644$44,352,286$33,230,983$59,631,859
93$126,240,924$46,447,911$34,266,583$63,718,027
94$139,037,415$48,643,775$35,334,431$68,139,309
95$153,136,626$50,944,714$36,435,528$72,926,389
96$168,671,354$53,355,797$37,570,910$78,112,926
97$185,787,940$55,882,339$38,741,644$83,735,849
98$204,647,649$58,529,913$39,948,828$89,835,684
99$225,428,193$61,304,363$41,193,598$96,456,911
100$248,325,406$64,211,814$42,477,121$103,648,363