Can I retire at age 74 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,447,491
2 years$764,470$750,232$736,434$723,055$710,078$666,432
3 years$504,584$490,285$476,521$463,268$450,503$408,252
4 years$374,667$360,411$346,785$333,759$321,302$280,771
5 years$296,736$282,567$269,120$256,359$244,249$205,547
6 years$244,800$230,737$217,489$205,012$193,266$156,428
7 years$207,717$193,773$180,734$168,552$157,177$122,203
8 years$179,918$166,099$153,277$141,394$130,393$97,262
9 years$158,307$144,619$132,017$120,436$109,810$78,488
10 years$141,029$127,475$115,096$103,817$93,564$64,008
11 years$126,902$113,483$101,328$90,352$80,468$52,629
12 years$115,137$101,856$89,926$79,251$69,732$43,554
13 years$105,190$92,048$80,343$69,967$60,807$36,232
14 years$96,672$83,669$72,189$62,109$53,303$30,268
15 years$89,296$76,434$65,177$55,390$46,933$25,373
16 years$82,848$70,126$59,092$49,596$41,479$21,331
17 years$77,165$64,584$53,772$44,561$36,778$17,974
18 years$72,119$59,678$49,087$40,159$32,702$15,176
19 years$67,609$55,309$44,936$36,287$29,148$12,834
20 years$63,555$51,396$41,240$32,865$26,035$10,868
21 years$59,893$47,873$37,933$29,827$23,299$9,214
22 years$56,567$44,688$34,961$27,119$20,884$7,819
23 years$53,535$41,796$32,281$24,698$18,747$6,641
24 years$50,760$39,160$29,854$22,526$16,850$5,644
25 years$48,211$36,750$27,651$20,572$15,162$4,800
26 years$45,862$34,539$25,645$18,810$13,658$4,084
27 years$43,691$32,505$23,813$17,217$12,314$3,476
28 years$41,678$30,629$22,138$15,775$11,111$2,960
29 years$39,808$28,895$20,601$14,466$10,033$2,521
30 years$38,065$27,288$19,189$13,276$9,065$2,148
31 years$36,438$25,797$17,889$12,193$8,196$1,831
32 years$34,916$24,409$16,691$11,206$7,414$1,560
33 years$33,489$23,116$15,585$10,305$6,709$1,330
34 years$32,149$21,908$14,561$9,481$6,075$1,134
35 years$30,888$20,780$13,614$8,728$5,502$967
36 years$29,700$19,723$12,735$8,038$4,985$824
37 years$28,579$18,732$11,920$7,406$4,518$703
38 years$27,519$17,802$11,163$6,826$4,096$600
39 years$26,516$16,928$10,458$6,294$3,714$512
40 years$25,566$16,106$9,802$5,806$3,369$436
41 years$24,664$15,331$9,192$5,356$3,057$372
42 years$23,808$14,601$8,622$4,943$2,774$317
43 years$22,993$13,912$8,091$4,563$2,517$271
44 years$22,218$13,261$7,594$4,213$2,285$231
45 years$21,480$12,645$7,131$3,891$2,074$197
46 years$20,775$12,063$6,698$3,594$1,883$168
47 years$20,103$11,512$6,292$3,321$1,710$143
48 years$19,460$10,990$5,913$3,068$1,553$122
49 years$18,846$10,495$5,558$2,836$1,410$104
50 years$18,258$10,025$5,225$2,621$1,281$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,700,000, adding $6,014 every year, while hoping to spend $50,518 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: 57/31/12 Blend
73$18,700,000$18,700,000$18,700,000$18,700,000
74$20,613,603$19,622,503$19,332,653$21,726,427
75$22,662,440$20,530,255$19,926,547$23,386,867
76$24,918,565$21,480,794$20,538,642$25,189,178
77$27,403,068$22,476,162$21,169,496$27,151,851
78$30,139,190$23,518,503$21,819,682$29,290,252
79$33,152,537$24,610,059$22,489,792$31,621,270
80$36,471,329$25,753,185$23,180,433$34,163,471
81$40,126,660$26,950,347$23,892,233$36,937,266
82$44,152,796$28,204,130$24,625,839$39,965,101
83$48,587,494$29,517,246$25,381,918$43,271,655
84$53,472,361$30,892,534$26,161,155$46,884,075
85$58,853,247$32,332,972$26,964,258$50,832,214
86$64,780,673$33,841,684$27,791,957$55,148,916
87$71,310,316$35,421,940$28,645,001$59,870,308
88$78,503,526$37,077,173$29,524,167$65,036,140
89$86,427,910$38,810,978$30,430,250$70,690,147
90$95,157,966$40,627,126$31,364,073$76,880,453
91$104,775,793$42,529,569$32,326,484$83,660,017
92$115,371,857$44,522,451$33,318,354$91,087,120
93$127,045,850$46,610,116$34,340,583$99,225,909
94$139,907,632$48,797,117$35,394,098$108,146,985
95$154,078,264$51,088,228$36,479,853$117,928,064
96$169,691,152$53,488,456$37,598,833$128,654,693
97$186,893,307$56,003,048$38,752,051$140,421,048
98$205,846,731$58,637,505$39,940,552$153,330,808
99$226,729,950$61,397,595$41,165,413$167,498,121
100$249,739,693$64,289,365$42,427,742$183,048,666