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%17%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,471,898
2 years$776,734$762,268$748,248$734,655$721,470$678,294
3 years$512,679$498,150$484,166$470,701$457,730$415,920
4 years$380,677$366,193$352,349$339,113$326,457$286,333
5 years$301,497$287,100$273,437$260,471$248,167$209,839
6 years$248,727$234,439$220,978$208,301$196,366$159,870
7 years$211,050$196,881$183,634$171,256$159,698$125,034
8 years$182,804$168,764$155,736$143,662$132,485$99,633
9 years$160,847$146,939$134,135$122,368$111,572$80,499
10 years$143,292$129,520$116,942$105,483$95,065$65,730
11 years$128,937$115,304$102,954$91,802$81,759$54,114
12 years$116,984$103,490$91,369$80,522$70,850$44,842
13 years$106,878$93,525$81,632$71,089$61,783$37,354
14 years$98,223$85,012$73,347$63,105$54,159$31,249
15 years$90,728$77,660$66,222$56,279$47,686$26,232
16 years$84,177$71,251$60,040$50,391$42,145$22,084
17 years$78,403$65,620$54,634$45,276$37,368$18,637
18 years$73,276$60,636$49,874$40,803$33,226$15,758
19 years$68,694$56,197$45,657$36,869$29,615$13,346
20 years$64,575$52,221$41,902$33,392$26,453$11,319
21 years$60,853$48,641$38,542$30,305$23,672$9,612
22 years$57,475$45,405$35,522$27,554$21,219$8,169
23 years$54,394$42,466$32,798$25,094$19,047$6,949
24 years$51,575$39,788$30,333$22,888$17,120$5,916
25 years$48,985$37,339$28,094$20,902$15,406$5,039
26 years$46,598$35,093$26,056$19,112$13,877$4,294
27 years$44,392$33,026$24,195$17,494$12,511$3,661
28 years$42,347$31,121$22,493$16,028$11,289$3,123
29 years$40,446$29,359$20,931$14,698$10,194$2,664
30 years$38,676$27,726$19,497$13,489$9,211$2,273
31 years$37,023$26,211$18,176$12,389$8,327$1,941
32 years$35,476$24,800$16,959$11,385$7,533$1,657
33 years$34,026$23,486$15,835$10,470$6,817$1,415
34 years$32,665$22,260$14,795$9,633$6,172$1,208
35 years$31,384$21,113$13,832$8,868$5,590$1,032
36 years$30,176$20,039$12,940$8,167$5,065$881
37 years$29,037$19,033$12,111$7,525$4,591$753
38 years$27,961$18,088$11,342$6,936$4,162$643
39 years$26,942$17,200$10,626$6,395$3,774$550
40 years$25,976$16,364$9,960$5,899$3,423$470
41 years$25,060$15,577$9,339$5,442$3,106$401
42 years$24,190$14,835$8,760$5,023$2,818$343
43 years$23,362$14,135$8,220$4,636$2,558$293
44 years$22,575$13,474$7,716$4,281$2,321$250
45 years$21,824$12,848$7,245$3,954$2,107$214
46 years$21,108$12,257$6,805$3,652$1,913$183
47 years$20,425$11,697$6,393$3,374$1,738$156
48 years$19,772$11,166$6,008$3,118$1,578$134
49 years$19,148$10,663$5,647$2,881$1,433$114
50 years$18,551$10,186$5,309$2,663$1,302$98

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 $3,425 every year, while hoping to spend $25,374 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: 41/43/16 Blend
73$19,000,000$19,000,000$19,000,000$19,000,000
74$20,941,533$19,934,533$19,640,033$21,701,108
75$23,050,572$20,884,327$20,270,976$23,188,854
76$25,373,882$21,879,811$20,922,206$24,795,350
77$27,933,292$22,923,196$21,594,374$26,533,593
78$30,752,858$24,016,803$22,288,156$28,415,607
79$33,859,086$25,163,063$23,004,245$30,454,583
80$37,281,186$26,364,526$23,743,361$32,664,986
81$41,051,348$27,623,869$24,506,244$35,062,690
82$45,205,041$28,943,895$25,293,660$37,665,113
83$49,781,355$30,327,545$26,106,397$40,491,373
84$54,823,363$31,777,904$26,945,271$43,562,457
85$60,378,531$33,298,207$27,811,123$46,901,410
86$66,499,167$34,891,845$28,704,821$50,533,539
87$73,242,912$36,562,375$29,627,262$54,486,640
88$80,673,285$38,313,527$30,579,371$58,791,249
89$88,860,283$40,149,213$31,562,103$63,480,912
90$97,881,042$42,073,534$32,576,444$68,592,496
91$107,820,564$44,090,794$33,623,411$74,166,515
92$118,772,521$46,205,502$34,704,054$80,247,500
93$130,840,136$48,422,390$35,819,458$86,884,403
94$144,137,162$50,746,419$36,970,742$94,131,043
95$158,788,952$53,182,792$38,159,061$102,046,595
96$174,933,642$55,736,967$39,385,607$110,696,130
97$192,723,461$58,414,665$40,651,612$120,151,213
98$212,326,158$61,221,887$41,958,345$130,490,553
99$233,926,594$64,164,928$43,307,118$141,800,732
100$257,728,485$67,250,388$44,699,285$154,176,991