Can I retire at age 74 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,542,344
2 years$805,350$790,351$775,815$761,721$748,050$719,377
3 years$531,567$516,503$502,004$488,042$474,594$446,702
4 years$394,702$379,685$365,330$351,607$338,484$311,589
5 years$312,605$297,677$283,511$270,068$257,310$231,489
6 years$257,891$243,076$229,119$215,975$203,601$178,882
7 years$218,825$204,135$190,399$177,565$165,582$141,972
8 years$189,539$174,981$161,474$148,955$137,366$114,859
9 years$166,773$152,353$139,077$126,877$115,682$94,265
10 years$148,571$134,291$121,251$109,369$98,567$78,221
11 years$133,688$119,552$106,747$95,184$84,771$65,472
12 years$121,294$107,303$94,735$83,489$73,461$55,183
13 years$110,815$96,971$84,640$73,708$64,059$46,774
14 years$101,841$88,144$76,049$65,430$56,154$39,831
15 years$94,071$80,521$68,662$58,352$49,442$34,048
16 years$87,278$73,876$62,253$52,248$43,697$29,199
17 years$81,291$68,037$56,647$46,944$38,745$25,108
18 years$75,975$62,870$51,712$42,306$34,450$21,640
19 years$71,225$58,267$47,339$38,227$30,706$18,687
20 years$66,954$54,144$43,446$34,622$27,427$16,163
21 years$63,095$50,433$39,962$31,422$24,544$14,001
22 years$59,592$47,078$36,831$28,570$22,001$12,142
23 years$56,398$44,031$34,007$26,019$19,749$10,541
24 years$53,475$41,254$31,451$23,731$17,751$9,159
25 years$50,790$38,715$29,130$21,672$15,973$7,965
26 years$48,315$36,386$27,016$19,816$14,388$6,931
27 years$46,027$34,243$25,087$18,138$12,972$6,035
28 years$43,907$32,267$23,322$16,618$11,705$5,257
29 years$41,936$30,440$21,703$15,239$10,569$4,582
30 years$40,101$28,748$20,215$13,986$9,550$3,995
31 years$38,387$27,176$18,846$12,845$8,634$3,484
32 years$36,783$25,714$17,584$11,805$7,810$3,040
33 years$35,280$24,352$16,418$10,856$7,068$2,652
34 years$33,868$23,080$15,340$9,988$6,399$2,315
35 years$32,540$21,891$14,342$9,195$5,796$2,021
36 years$31,288$20,778$13,416$8,468$5,252$1,765
37 years$30,107$19,734$12,558$7,802$4,760$1,541
38 years$28,991$18,754$11,760$7,191$4,315$1,346
39 years$27,934$17,834$11,017$6,631$3,913$1,175
40 years$26,933$16,967$10,327$6,116$3,549$1,027
41 years$25,983$16,151$9,683$5,643$3,220$897
42 years$25,081$15,382$9,083$5,208$2,922$784
43 years$24,223$14,656$8,523$4,807$2,652$685
44 years$23,406$13,970$8,001$4,439$2,407$598
45 years$22,628$13,322$7,512$4,099$2,185$523
46 years$21,886$12,708$7,056$3,787$1,984$457
47 years$21,178$12,128$6,629$3,498$1,802$399
48 years$20,501$11,577$6,229$3,233$1,636$349
49 years$19,854$11,056$5,855$2,987$1,486$305
50 years$19,234$10,561$5,505$2,761$1,350$267

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $19,700,000, adding $4,490 every year, while hoping to spend $34,059 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: 34/48/18 Blend
73$19,700,000$19,700,000$19,700,000$19,700,000
74$21,714,031$20,669,931$20,364,581$22,331,663
75$23,892,624$21,646,520$21,010,556$23,762,465
76$26,292,292$22,669,819$21,677,030$25,300,882
77$28,935,548$23,742,083$22,364,653$26,959,158
78$31,847,202$24,865,673$23,074,097$28,747,902
79$35,054,592$26,043,066$23,806,054$30,678,734
80$38,587,843$27,276,859$24,561,240$32,764,382
81$42,480,153$28,569,775$25,340,391$35,018,793
82$46,768,103$29,924,669$26,144,269$37,457,252
83$51,492,006$31,344,534$26,973,659$40,096,517
84$56,696,284$32,832,510$27,829,370$42,954,964
85$62,429,890$34,391,887$28,712,238$46,052,746
86$68,746,767$36,026,118$29,623,126$49,411,973
87$75,706,359$37,738,820$30,562,924$53,056,907
88$83,374,174$39,533,788$31,532,548$57,014,172
89$91,822,398$41,415,001$32,532,946$61,312,994
90$101,130,578$43,386,632$33,565,095$65,985,463
91$111,386,375$45,453,055$34,630,004$71,066,812
92$122,686,388$47,618,858$35,728,712$76,595,739
93$135,137,068$49,888,851$36,862,293$82,614,751
94$148,855,723$52,268,078$38,031,853$89,170,547
95$163,971,623$54,761,831$39,238,537$96,314,438
96$180,627,223$57,375,654$40,483,521$104,102,811
97$198,979,503$60,115,365$41,768,024$112,597,639
98$219,201,459$62,987,064$43,093,298$121,867,045
99$241,483,724$65,997,146$44,460,640$131,985,917
100$266,036,377$69,152,320$45,871,385$143,036,594