Can I retire at age 74 with 18,600,000?

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 $18,600,000?

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$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,470,763
2 years$760,381$746,220$732,495$719,188$706,281$693,756
3 years$501,886$487,663$473,973$460,791$448,094$435,859
4 years$372,663$358,484$344,931$331,974$319,584$307,734
5 years$295,150$281,056$267,681$254,988$242,943$231,512
6 years$243,491$229,503$216,326$203,916$192,232$181,236
7 years$206,606$192,736$179,768$167,650$156,336$145,779
8 years$178,956$165,211$152,457$140,638$129,696$119,577
9 years$157,461$143,846$131,311$119,792$109,223$99,540
10 years$140,275$126,793$114,480$103,262$93,063$83,810
11 years$126,223$112,876$100,787$89,869$80,038$71,208
12 years$114,521$101,312$89,446$78,827$69,359$60,944
13 years$104,628$91,556$79,914$69,593$60,482$52,473
14 years$96,155$83,222$71,803$61,776$53,018$45,404
15 years$88,818$76,025$64,828$55,094$46,682$39,452
16 years$82,405$69,751$58,776$49,330$41,257$34,401
17 years$76,752$64,238$53,484$44,323$36,582$30,087
18 years$71,733$59,359$48,824$39,944$32,527$26,382
19 years$67,248$55,013$44,696$36,093$28,992$23,184
20 years$63,216$51,121$41,020$32,689$25,896$20,412
21 years$59,572$47,617$37,730$29,667$23,174$18,002
22 years$56,265$44,449$34,774$26,974$20,772$15,900
23 years$53,249$41,572$32,108$24,566$18,646$14,060
24 years$50,489$38,951$29,694$22,406$16,760$12,448
25 years$47,954$36,553$27,503$20,462$15,081$11,031
26 years$45,617$34,354$25,508$18,710$13,585$9,783
27 years$43,457$32,331$23,686$17,125$12,248$8,684
28 years$41,455$30,466$22,019$15,690$11,051$7,712
29 years$39,595$28,741$20,491$14,388$9,979$6,854
30 years$37,862$27,143$19,086$13,205$9,017$6,094
31 years$36,243$25,659$17,794$12,128$8,152$5,421
32 years$34,729$24,278$16,602$11,146$7,374$4,825
33 years$33,310$22,992$15,501$10,249$6,673$4,295
34 years$31,977$21,791$14,483$9,430$6,042$3,825
35 years$30,723$20,669$13,541$8,681$5,473$3,407
36 years$29,541$19,618$12,667$7,995$4,958$3,036
37 years$28,426$18,632$11,856$7,366$4,494$2,706
38 years$27,372$17,707$11,103$6,790$4,074$2,412
39 years$26,374$16,838$10,402$6,261$3,695$2,150
40 years$25,429$16,020$9,750$5,774$3,351$1,917
41 years$24,532$15,249$9,142$5,328$3,040$1,710
42 years$23,681$14,523$8,576$4,917$2,759$1,525
43 years$22,871$13,837$8,047$4,539$2,504$1,360
44 years$22,099$13,190$7,554$4,191$2,273$1,214
45 years$21,365$12,578$7,093$3,870$2,063$1,083
46 years$20,664$11,999$6,662$3,575$1,873$966
47 years$19,995$11,450$6,259$3,303$1,701$862
48 years$19,356$10,931$5,881$3,052$1,545$769
49 years$18,745$10,439$5,528$2,821$1,403$687
50 years$18,160$9,971$5,197$2,607$1,274$613

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,600,000, adding $2,396 every year, while hoping to spend $28,302 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: 63/19/18 Blend
73$18,600,000$18,600,000$18,600,000$18,600,000
74$20,499,671$19,513,871$19,225,571$21,697,748
75$22,560,525$20,439,938$19,839,515$23,429,896
76$24,830,637$21,410,433$20,473,077$25,317,310
77$27,331,322$22,427,504$21,126,885$27,377,854
78$30,086,067$23,493,403$21,801,586$29,628,403
79$33,120,755$24,610,489$22,497,849$32,087,521
80$36,463,908$25,781,239$23,216,363$34,775,631
81$40,146,955$27,008,248$23,957,839$37,715,203
82$44,204,530$28,294,237$24,723,012$40,930,961
83$48,674,799$29,642,062$25,512,640$44,450,113
84$53,599,819$31,054,714$26,327,504$48,302,600
85$59,025,938$32,535,332$27,168,413$52,521,373
86$65,004,228$34,087,207$28,036,199$57,142,702
87$71,590,968$35,713,790$28,931,721$62,206,507
88$78,848,180$37,418,699$29,855,867$67,756,733
89$86,844,209$39,205,729$30,809,552$73,841,755
90$95,654,367$41,078,859$31,793,722$80,514,831
91$105,361,652$43,042,262$32,809,350$87,834,594
92$116,057,521$45,100,314$33,857,444$95,865,600
93$127,842,762$47,257,603$34,939,043$104,678,928
94$140,828,440$49,518,942$36,055,217$114,352,846
95$155,136,947$51,889,376$37,207,073$124,973,537
96$170,903,158$54,374,198$38,395,752$136,635,907
97$188,275,703$56,978,957$39,622,433$149,444,469
98$207,418,371$59,709,472$40,888,330$163,514,321
99$228,511,655$62,571,846$42,194,700$178,972,222
100$251,754,458$65,572,481$43,542,836$195,957,780