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%12.9%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,473,141
2 years$764,470$750,232$736,434$723,055$710,078$691,941
3 years$504,584$490,285$476,521$463,268$450,503$432,813
4 years$374,667$360,411$346,785$333,759$321,302$304,198
5 years$296,736$282,567$269,120$256,359$244,249$227,779
6 years$244,800$230,737$217,489$205,012$193,266$177,450
7 years$207,717$193,773$180,734$168,552$157,177$142,022
8 years$179,918$166,099$153,277$141,394$130,393$115,898
9 years$158,307$144,619$132,017$120,436$109,810$95,968
10 years$141,029$127,475$115,096$103,817$93,564$80,365
11 years$126,902$113,483$101,328$90,352$80,468$67,902
12 years$115,137$101,856$89,926$79,251$69,732$57,784
13 years$105,190$92,048$80,343$69,967$60,807$49,463
14 years$96,672$83,669$72,189$62,109$53,303$42,546
15 years$89,296$76,434$65,177$55,390$46,933$36,745
16 years$82,848$70,126$59,092$49,596$41,479$31,843
17 years$77,165$64,584$53,772$44,561$36,778$27,675
18 years$72,119$59,678$49,087$40,159$32,702$24,111
19 years$67,609$55,309$44,936$36,287$29,148$21,051
20 years$63,555$51,396$41,240$32,865$26,035$18,413
21 years$59,893$47,873$37,933$29,827$23,299$16,130
22 years$56,567$44,688$34,961$27,119$20,884$14,150
23 years$53,535$41,796$32,281$24,698$18,747$12,428
24 years$50,760$39,160$29,854$22,526$16,850$10,926
25 years$48,211$36,750$27,651$20,572$15,162$9,614
26 years$45,862$34,539$25,645$18,810$13,658$8,467
27 years$43,691$32,505$23,813$17,217$12,314$7,461
28 years$41,678$30,629$22,138$15,775$11,111$6,579
29 years$39,808$28,895$20,601$14,466$10,033$5,805
30 years$38,065$27,288$19,189$13,276$9,065$5,124
31 years$36,438$25,797$17,889$12,193$8,196$4,524
32 years$34,916$24,409$16,691$11,206$7,414$3,996
33 years$33,489$23,116$15,585$10,305$6,709$3,531
34 years$32,149$21,908$14,561$9,481$6,075$3,121
35 years$30,888$20,780$13,614$8,728$5,502$2,759
36 years$29,700$19,723$12,735$8,038$4,985$2,440
37 years$28,579$18,732$11,920$7,406$4,518$2,158
38 years$27,519$17,802$11,163$6,826$4,096$1,909
39 years$26,516$16,928$10,458$6,294$3,714$1,689
40 years$25,566$16,106$9,802$5,806$3,369$1,494
41 years$24,664$15,331$9,192$5,356$3,057$1,322
42 years$23,808$14,601$8,622$4,943$2,774$1,170
43 years$22,993$13,912$8,091$4,563$2,517$1,036
44 years$22,218$13,261$7,594$4,213$2,285$917
45 years$21,480$12,645$7,131$3,891$2,074$812
46 years$20,775$12,063$6,698$3,594$1,883$719
47 years$20,103$11,512$6,292$3,321$1,710$636
48 years$19,460$10,990$5,913$3,068$1,553$563
49 years$18,846$10,495$5,558$2,836$1,410$499
50 years$18,258$10,025$5,225$2,621$1,281$442

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 $6,806 every year, while hoping to spend $29,023 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: 61/24/15 Blend
73$18,700,000$18,700,000$18,700,000$18,700,000
74$20,614,420$19,623,320$19,333,470$21,794,409
75$22,686,211$20,553,983$19,950,261$23,520,024
76$24,968,352$21,529,275$20,586,742$25,398,412
77$27,482,267$22,551,353$21,243,542$27,447,534
78$30,251,567$23,622,478$21,921,309$29,683,932
79$33,302,268$24,745,021$22,620,714$32,125,795
80$36,663,039$25,921,467$23,342,448$34,793,129
81$40,365,473$27,154,422$24,087,224$37,707,936
82$44,444,384$28,446,621$24,855,778$40,894,423
83$48,938,135$29,800,930$25,648,870$44,379,218
84$53,889,002$31,220,352$26,467,285$48,191,617
85$59,343,571$32,708,041$27,311,830$52,363,855
86$65,353,180$34,267,300$28,183,341$56,931,404
87$71,974,401$35,901,594$29,082,679$61,933,299
88$79,269,575$37,614,557$30,010,734$67,412,500
89$87,307,401$39,410,000$30,968,424$73,416,289
90$96,163,584$41,291,918$31,956,694$79,996,709
91$105,921,548$43,264,501$32,976,522$87,211,046
92$116,673,227$45,332,142$34,028,916$95,122,363
93$128,519,930$47,499,450$35,114,918$103,800,083
94$141,573,296$49,771,257$36,235,601$113,320,634
95$155,956,351$52,152,628$37,392,074$123,768,167
96$171,804,670$54,648,878$38,585,479$135,235,330
97$189,267,652$57,265,578$39,816,998$147,824,140
98$208,509,933$60,008,572$41,087,848$161,646,928
99$229,712,942$62,883,988$42,399,287$176,827,392
100$253,076,610$65,898,251$43,752,611$193,501,748