Can I retire at age 74 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,455,548
2 years$776,734$762,268$748,248$734,655$721,470$662,215
3 years$512,679$498,150$484,166$470,701$457,730$400,624
4 years$380,677$366,193$352,349$339,113$326,457$271,934
5 years$301,497$287,100$273,437$260,471$248,167$196,367
6 years$248,727$234,439$220,978$208,301$196,366$147,322
7 years$211,050$196,881$183,634$171,256$159,698$113,393
8 years$182,804$168,764$155,736$143,662$132,485$88,873
9 years$160,847$146,939$134,135$122,368$111,572$70,587
10 years$143,292$129,520$116,942$105,483$95,065$56,628
11 years$128,937$115,304$102,954$91,802$81,759$45,782
12 years$116,984$103,490$91,369$80,522$70,850$37,238
13 years$106,878$93,525$81,632$71,089$61,783$30,433
14 years$98,223$85,012$73,347$63,105$54,159$24,968
15 years$90,728$77,660$66,222$56,279$47,686$20,547
16 years$84,177$71,251$60,040$50,391$42,145$16,951
17 years$78,403$65,620$54,634$45,276$37,368$14,013
18 years$73,276$60,636$49,874$40,803$33,226$11,604
19 years$68,694$56,197$45,657$36,869$29,615$9,622
20 years$64,575$52,221$41,902$33,392$26,453$7,988
21 years$60,853$48,641$38,542$30,305$23,672$6,637
22 years$57,475$45,405$35,522$27,554$21,219$5,519
23 years$54,394$42,466$32,798$25,094$19,047$4,593
24 years$51,575$39,788$30,333$22,888$17,120$3,823
25 years$48,985$37,339$28,094$20,902$15,406$3,185
26 years$46,598$35,093$26,056$19,112$13,877$2,653
27 years$44,392$33,026$24,195$17,494$12,511$2,211
28 years$42,347$31,121$22,493$16,028$11,289$1,844
29 years$40,446$29,359$20,931$14,698$10,194$1,537
30 years$38,676$27,726$19,497$13,489$9,211$1,282
31 years$37,023$26,211$18,176$12,389$8,327$1,069
32 years$35,476$24,800$16,959$11,385$7,533$892
33 years$34,026$23,486$15,835$10,470$6,817$744
34 years$32,665$22,260$14,795$9,633$6,172$621
35 years$31,384$21,113$13,832$8,868$5,590$518
36 years$30,176$20,039$12,940$8,167$5,065$432
37 years$29,037$19,033$12,111$7,525$4,591$361
38 years$27,961$18,088$11,342$6,936$4,162$301
39 years$26,942$17,200$10,626$6,395$3,774$251
40 years$25,976$16,364$9,960$5,899$3,423$210
41 years$25,060$15,577$9,339$5,442$3,106$175
42 years$24,190$14,835$8,760$5,023$2,818$146
43 years$23,362$14,135$8,220$4,636$2,558$122
44 years$22,575$13,474$7,716$4,281$2,321$102
45 years$21,824$12,848$7,245$3,954$2,107$85
46 years$21,108$12,257$6,805$3,652$1,913$71
47 years$20,425$11,697$6,393$3,374$1,738$59
48 years$19,772$11,166$6,008$3,118$1,578$49
49 years$19,148$10,663$5,647$2,881$1,433$41
50 years$18,551$10,186$5,309$2,663$1,302$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $19,000,000, adding $5,903 every year, while hoping to spend $23,825 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: 34/41/25 Blend
73$19,000,000$19,000,000$19,000,000$19,000,000
74$20,944,089$19,937,089$19,642,589$21,496,843
75$23,055,036$20,888,657$20,275,266$22,862,486
76$25,380,502$21,886,053$20,928,339$24,331,550
77$27,942,341$22,931,498$21,602,467$25,915,285
78$30,764,639$24,027,319$22,298,328$27,623,892
79$33,873,934$25,175,960$23,016,624$29,468,547
80$37,299,474$26,379,981$23,758,080$31,461,496
81$41,073,486$27,642,066$24,523,441$33,616,162
82$45,231,485$28,965,031$25,313,480$35,947,262
83$49,812,609$30,351,829$26,128,994$38,470,937
84$54,859,983$31,805,557$26,970,803$41,204,888
85$60,421,134$33,329,462$27,839,758$44,168,539
86$66,548,434$34,926,950$28,736,734$47,383,204
87$73,299,595$36,601,591$29,662,635$50,872,276
88$80,738,216$38,357,131$30,618,396$54,661,437
89$88,934,381$40,197,498$31,604,979$58,778,884
90$97,965,323$42,126,810$32,623,381$63,255,582
91$107,916,149$44,149,387$33,674,627$68,125,543
92$118,880,647$46,269,758$34,759,779$73,426,131
93$130,962,172$48,492,675$35,879,930$79,198,395
94$144,274,617$50,823,119$37,036,210$85,487,445
95$158,943,491$53,266,316$38,229,787$92,342,855
96$175,107,106$55,827,744$39,461,864$99,819,114
97$192,917,878$58,513,151$40,733,684$107,976,124
98$212,543,769$61,328,562$42,046,529$116,879,740
99$234,169,872$64,280,300$43,401,726$126,602,372
100$258,000,155$67,374,992$44,800,641$137,223,650