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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,473,753
2 years$764,470$750,232$736,434$723,055$710,078$692,553
3 years$504,584$490,285$476,521$463,268$450,503$433,408
4 years$374,667$360,411$346,785$333,759$321,302$304,769
5 years$296,736$282,567$269,120$256,359$244,249$228,326
6 years$244,800$230,737$217,489$205,012$193,266$177,973
7 years$207,717$193,773$180,734$168,552$157,177$142,519
8 years$179,918$166,099$153,277$141,394$130,393$116,370
9 years$158,307$144,619$132,017$120,436$109,810$96,416
10 years$141,029$127,475$115,096$103,817$93,564$80,789
11 years$126,902$113,483$101,328$90,352$80,468$68,302
12 years$115,137$101,856$89,926$79,251$69,732$58,162
13 years$105,190$92,048$80,343$69,967$60,807$49,819
14 years$96,672$83,669$72,189$62,109$53,303$42,881
15 years$89,296$76,434$65,177$55,390$46,933$37,059
16 years$82,848$70,126$59,092$49,596$41,479$32,137
17 years$77,165$64,584$53,772$44,561$36,778$27,950
18 years$72,119$59,678$49,087$40,159$32,702$24,369
19 years$67,609$55,309$44,936$36,287$29,148$21,291
20 years$63,555$51,396$41,240$32,865$26,035$18,637
21 years$59,893$47,873$37,933$29,827$23,299$16,339
22 years$56,567$44,688$34,961$27,119$20,884$14,344
23 years$53,535$41,796$32,281$24,698$18,747$12,607
24 years$50,760$39,160$29,854$22,526$16,850$11,093
25 years$48,211$36,750$27,651$20,572$15,162$9,769
26 years$45,862$34,539$25,645$18,810$13,658$8,610
27 years$43,691$32,505$23,813$17,217$12,314$7,593
28 years$41,678$30,629$22,138$15,775$11,111$6,701
29 years$39,808$28,895$20,601$14,466$10,033$5,917
30 years$38,065$27,288$19,189$13,276$9,065$5,227
31 years$36,438$25,797$17,889$12,193$8,196$4,619
32 years$34,916$24,409$16,691$11,206$7,414$4,084
33 years$33,489$23,116$15,585$10,305$6,709$3,611
34 years$32,149$21,908$14,561$9,481$6,075$3,195
35 years$30,888$20,780$13,614$8,728$5,502$2,827
36 years$29,700$19,723$12,735$8,038$4,985$2,502
37 years$28,579$18,732$11,920$7,406$4,518$2,214
38 years$27,519$17,802$11,163$6,826$4,096$1,961
39 years$26,516$16,928$10,458$6,294$3,714$1,736
40 years$25,566$16,106$9,802$5,806$3,369$1,537
41 years$24,664$15,331$9,192$5,356$3,057$1,362
42 years$23,808$14,601$8,622$4,943$2,774$1,206
43 years$22,993$13,912$8,091$4,563$2,517$1,069
44 years$22,218$13,261$7,594$4,213$2,285$947
45 years$21,480$12,645$7,131$3,891$2,074$839
46 years$20,775$12,063$6,698$3,594$1,883$743
47 years$20,103$11,512$6,292$3,321$1,710$659
48 years$19,460$10,990$5,913$3,068$1,553$584
49 years$18,846$10,495$5,558$2,836$1,410$517
50 years$18,258$10,025$5,225$2,621$1,281$458

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 $2,023 every year, while hoping to spend $33,699 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: 28/50/22 Blend
73$18,700,000$18,700,000$18,700,000$18,700,000
74$20,609,487$19,618,387$19,328,537$21,043,710
75$22,675,799$20,543,832$19,940,187$22,308,052
76$24,951,745$21,513,495$20,571,199$23,662,447
77$27,458,674$22,529,506$21,222,184$25,116,968
78$30,220,107$23,594,101$21,893,775$26,680,188
79$33,261,966$24,709,620$22,586,625$28,361,482
80$36,612,817$25,878,522$23,301,408$30,171,107
81$40,304,135$27,103,380$24,038,816$32,120,283
82$44,370,608$28,386,897$24,799,567$34,221,292
83$48,850,458$29,731,902$25,584,400$36,487,582
84$53,785,804$31,141,366$26,394,077$38,933,880
85$59,223,063$32,618,399$27,229,386$41,576,319
86$65,213,382$34,166,268$28,091,137$44,432,578
87$71,813,125$35,788,393$28,980,168$47,522,035
88$79,084,404$37,488,363$29,897,343$50,865,932
89$87,095,662$39,269,942$30,843,553$54,487,566
90$95,922,325$41,137,075$31,819,718$58,412,488
91$105,647,509$43,093,899$32,826,786$62,668,730
92$116,362,807$45,144,752$33,865,735$67,287,053
93$128,169,152$47,294,183$34,937,575$72,301,216
94$141,177,770$49,546,963$36,043,349$77,748,277
95$155,511,231$51,908,092$37,184,129$83,668,924
96$171,304,604$54,382,817$38,361,026$90,107,839
97$188,706,736$56,976,637$39,575,182$97,114,093
98$207,881,651$59,695,320$40,827,779$104,741,591
99$229,010,102$62,544,913$42,120,032$113,049,557
100$252,291,277$65,531,759$43,453,198$122,103,062