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%11%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,469,000
2 years$756,293$742,208$728,557$715,322$702,484$696,208
3 years$499,187$485,041$471,425$458,314$445,685$439,544
4 years$370,659$356,557$343,077$330,189$317,866$311,907
5 years$293,563$279,545$266,242$253,617$241,637$235,878
6 years$242,182$228,269$215,163$202,820$191,199$185,647
7 years$205,496$191,700$178,801$166,749$155,496$150,154
8 years$177,994$164,322$151,638$139,882$128,999$123,868
9 years$156,614$143,072$130,605$119,148$108,636$103,714
10 years$139,521$126,111$113,865$102,707$92,563$87,848
11 years$125,544$112,269$100,245$89,386$79,607$75,097
12 years$113,906$100,767$88,965$78,403$68,986$64,676
13 years$104,065$91,064$79,484$69,218$60,157$56,044
14 years$95,638$82,775$71,417$61,444$52,733$48,812
15 years$88,341$75,616$64,480$54,798$46,431$42,697
16 years$81,962$69,376$58,460$49,065$41,036$37,484
17 years$76,340$63,893$53,197$44,085$36,385$33,011
18 years$71,347$59,040$48,562$39,729$32,352$29,149
19 years$66,886$54,718$44,456$35,899$28,836$25,799
20 years$62,876$50,846$40,799$32,513$25,757$22,881
21 years$59,252$47,361$37,528$29,508$23,049$20,328
22 years$55,962$44,210$34,587$26,829$20,660$18,088
23 years$52,963$41,349$31,935$24,434$18,546$16,117
24 years$50,218$38,741$29,535$22,285$16,670$14,377
25 years$47,696$36,357$27,355$20,352$15,000$12,839
26 years$45,372$34,169$25,371$18,609$13,512$11,477
27 years$43,224$32,157$23,559$17,033$12,182$10,267
28 years$41,232$30,302$21,901$15,606$10,992$9,192
29 years$39,382$28,586$20,381$14,311$9,925$8,234
30 years$37,658$26,997$18,984$13,134$8,968$7,381
31 years$36,048$25,521$17,698$12,063$8,108$6,620
32 years$34,543$24,148$16,513$11,086$7,334$5,940
33 years$33,131$22,868$15,418$10,194$6,638$5,332
34 years$31,805$21,674$14,406$9,380$6,010$4,788
35 years$30,558$20,557$13,468$8,635$5,443$4,300
36 years$29,382$19,512$12,599$7,952$4,932$3,864
37 years$28,273$18,532$11,793$7,327$4,470$3,473
38 years$27,225$17,612$11,043$6,753$4,052$3,122
39 years$26,233$16,747$10,346$6,227$3,675$2,807
40 years$25,292$15,934$9,698$5,743$3,333$2,525
41 years$24,400$15,167$9,093$5,299$3,024$2,271
42 years$23,553$14,445$8,530$4,890$2,744$2,043
43 years$22,748$13,763$8,004$4,514$2,490$1,838
44 years$21,981$13,119$7,513$4,168$2,260$1,654
45 years$21,250$12,510$7,055$3,850$2,052$1,489
46 years$20,553$11,934$6,626$3,556$1,863$1,340
47 years$19,888$11,389$6,225$3,285$1,692$1,206
48 years$19,252$10,872$5,850$3,036$1,536$1,086
49 years$18,644$10,382$5,498$2,805$1,395$978
50 years$18,062$9,918$5,169$2,593$1,267$880

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 $6,257 every year, while hoping to spend $34,359 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: 67/10/23 Blend
73$18,500,000$18,500,000$18,500,000$18,500,000
74$20,393,454$19,412,954$19,126,204$21,639,594
75$22,437,029$20,327,631$19,730,374$23,391,492
76$24,687,896$21,285,976$20,353,632$25,302,173
77$27,167,165$22,290,091$20,996,582$27,390,976
78$29,898,093$23,342,184$21,659,845$29,675,454
79$32,906,312$24,444,564$22,344,064$32,174,927
80$36,220,066$25,599,658$23,049,900$34,910,660
81$39,870,478$26,810,007$23,778,037$37,906,061
82$43,891,846$28,078,275$24,529,180$41,186,902
83$48,321,961$29,407,258$25,304,055$44,781,551
84$53,202,473$30,799,886$26,103,412$48,721,245
85$58,579,274$32,259,229$26,928,026$53,040,376
86$64,502,939$33,788,511$27,778,693$57,776,812
87$71,029,199$35,391,107$28,656,239$62,972,250
88$78,219,465$37,070,559$29,561,511$68,672,609
89$86,141,416$38,830,582$30,495,387$74,928,455
90$94,869,627$40,675,068$31,458,770$81,795,474
91$104,486,283$42,608,100$32,452,592$89,334,996
92$115,081,946$44,633,959$33,477,816$97,614,564
93$126,756,416$46,757,134$34,535,434$106,708,572
94$139,619,669$48,982,332$35,626,470$116,698,957
95$153,792,898$51,314,489$36,751,979$127,675,970
96$169,409,655$53,758,781$37,913,052$139,739,018
97$186,617,112$56,320,634$39,110,812$152,997,603
98$205,577,452$59,005,739$40,346,419$167,572,343
99$226,469,397$61,820,065$41,621,068$183,596,104
100$249,489,895$64,769,868$42,935,994$201,215,254