Can I retire at age 74 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,462,304
2 years$768,558$754,244$740,372$726,922$713,875$676,992
3 years$507,282$492,907$479,070$465,746$452,912$417,134
4 years$376,670$362,339$348,640$335,544$323,021$288,622
5 years$298,323$284,078$270,559$257,730$245,555$212,633
6 years$246,109$231,971$218,652$206,108$194,299$162,886
7 years$208,828$194,809$181,701$169,453$158,017$128,116
8 years$180,880$166,987$154,097$142,150$131,091$102,689
9 years$159,154$145,392$132,723$121,080$110,397$83,472
10 years$141,783$128,156$115,711$104,372$94,064$68,584
11 years$127,580$114,090$101,870$90,835$80,898$56,826
12 years$115,753$102,401$90,407$79,675$70,105$47,400
13 years$105,753$92,541$80,773$70,341$61,133$39,751
14 years$97,189$84,117$72,575$62,441$53,589$33,484
15 years$89,773$76,842$65,525$55,686$47,184$28,307
16 years$83,291$70,501$59,408$49,861$41,701$24,002
17 years$77,577$64,929$54,059$44,800$36,975$20,402
18 years$72,504$59,997$49,349$40,373$32,876$17,379
19 years$67,971$55,605$45,177$36,481$29,303$14,830
20 years$63,895$51,671$41,461$33,040$26,174$12,674
21 years$60,213$48,129$38,136$29,986$23,423$10,845
22 years$56,870$44,927$35,148$27,264$20,996$9,289
23 years$53,822$42,019$32,453$24,830$18,847$7,965
24 years$51,032$39,369$30,014$22,647$16,940$6,834
25 years$48,469$36,946$27,799$20,682$15,243$5,868
26 years$46,108$34,723$25,782$18,911$13,731$5,041
27 years$43,925$32,679$23,941$17,309$12,379$4,333
28 years$41,901$30,793$22,256$15,859$11,170$3,726
29 years$40,021$29,050$20,711$14,543$10,086$3,205
30 years$38,269$27,434$19,292$13,347$9,114$2,757
31 years$36,633$25,935$17,985$12,258$8,240$2,373
32 years$35,103$24,539$16,780$11,266$7,453$2,043
33 years$33,668$23,239$15,668$10,360$6,745$1,759
34 years$32,321$22,026$14,639$9,532$6,107$1,515
35 years$31,053$20,891$13,687$8,775$5,531$1,305
36 years$29,859$19,828$12,804$8,081$5,012$1,124
37 years$28,732$18,833$11,984$7,446$4,542$968
38 years$27,666$17,898$11,222$6,863$4,118$834
39 years$26,658$17,019$10,514$6,328$3,734$719
40 years$25,703$16,192$9,855$5,837$3,387$619
41 years$24,796$15,413$9,241$5,385$3,073$534
42 years$23,935$14,679$8,668$4,970$2,788$460
43 years$23,116$13,986$8,134$4,588$2,531$396
44 years$22,337$13,332$7,635$4,236$2,297$342
45 years$21,594$12,713$7,169$3,912$2,085$295
46 years$20,886$12,128$6,733$3,614$1,893$254
47 years$20,210$11,574$6,326$3,338$1,719$219
48 years$19,564$11,049$5,945$3,085$1,561$189
49 years$18,946$10,551$5,588$2,851$1,418$163
50 years$18,355$10,079$5,253$2,635$1,288$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,800,000, adding $6,074 every year, while hoping to spend $20,949 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: 78/17/5 Blend
73$18,800,000$18,800,000$18,800,000$18,800,000
74$20,723,865$19,727,465$19,436,065$22,335,202
75$22,815,410$20,671,822$20,064,884$24,336,469
76$25,119,590$21,661,749$20,714,066$26,527,193
77$27,658,072$22,699,459$21,384,271$28,928,924
78$30,454,733$23,787,269$22,076,181$31,562,632
79$33,535,882$24,927,612$22,790,500$34,451,403
80$36,930,514$26,123,037$23,527,953$37,620,652
81$40,670,578$27,376,217$24,289,291$41,098,356
82$44,791,282$28,689,958$25,075,288$44,915,321
83$49,331,427$30,067,199$25,886,744$49,105,461
84$54,333,766$31,511,026$26,724,484$53,706,120
85$59,845,416$33,024,671$27,589,360$58,758,418
86$65,918,296$34,611,529$28,482,251$64,307,633
87$72,609,623$36,275,154$29,404,067$70,403,628
88$79,982,447$38,019,278$30,355,745$77,101,311
89$88,106,247$39,847,814$31,338,254$84,461,153
90$97,057,592$41,764,864$32,352,593$92,549,751
91$106,920,855$43,774,732$33,399,794$101,440,452
92$117,789,018$45,881,930$34,480,923$111,214,037
93$129,764,545$48,091,190$35,597,080$121,959,482
94$142,960,348$50,407,478$36,749,401$133,774,786
95$157,500,857$52,835,998$37,939,060$146,767,893
96$173,523,192$55,382,210$39,167,267$161,057,702
97$191,178,459$58,051,840$40,435,271$176,775,183
98$210,633,174$60,850,892$41,744,365$194,064,605
99$232,070,837$63,785,665$43,095,881$213,084,889
100$255,693,664$66,862,764$44,491,194$234,011,100