Can I retire at age 74 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,567,616
2 years$809,438$794,363$779,753$765,588$751,848$740,489
3 years$534,265$519,125$504,552$490,519$477,003$465,902
4 years$396,706$381,612$367,185$353,392$340,203$329,445
5 years$314,192$299,188$284,950$271,439$258,617$248,233
6 years$259,200$244,310$230,282$217,072$204,634$194,639
7 years$219,936$205,171$191,366$178,467$166,423$156,820
8 years$190,501$175,869$162,293$149,711$138,064$128,854
9 years$167,619$153,126$139,783$127,521$116,270$107,450
10 years$149,325$134,973$121,866$109,924$99,067$90,634
11 years$134,366$120,159$107,289$95,667$85,201$77,147
12 years$121,910$107,848$95,216$83,913$73,834$66,152
13 years$111,378$97,463$85,069$74,082$64,384$57,067
14 years$102,358$88,591$76,435$65,762$56,439$49,477
15 years$94,548$80,930$69,011$58,648$49,693$43,077
16 years$87,721$74,251$62,569$52,513$43,919$37,639
17 years$81,704$68,383$56,935$47,183$38,942$32,988
18 years$76,361$63,189$51,974$42,521$34,625$28,986
19 years$71,586$58,563$47,580$38,421$30,862$25,527
20 years$67,294$54,419$43,666$34,798$27,567$22,525
21 years$63,416$50,689$40,165$31,581$24,669$19,910
22 years$59,895$47,317$37,018$28,715$22,112$17,624
23 years$56,685$44,254$34,179$26,151$19,849$15,621
24 years$53,746$41,463$31,610$23,851$17,841$13,861
25 years$51,047$38,911$29,277$21,782$16,054$12,312
26 years$48,560$36,570$27,153$19,917$14,461$10,945
27 years$46,261$34,417$25,214$18,230$13,038$9,738
28 years$44,130$32,431$23,440$16,703$11,764$8,670
29 years$42,149$30,595$21,813$15,317$10,623$7,723
30 years$40,304$28,894$20,318$14,057$9,598$6,884
31 years$38,582$27,314$18,942$12,910$8,678$6,139
32 years$36,970$25,845$17,673$11,865$7,850$5,476
33 years$35,459$24,475$16,501$10,911$7,104$4,888
34 years$34,040$23,197$15,418$10,039$6,432$4,363
35 years$32,705$22,002$14,415$9,241$5,826$3,897
36 years$31,447$20,883$13,485$8,511$5,278$3,481
37 years$30,260$19,834$12,621$7,842$4,784$3,110
38 years$29,138$18,850$11,819$7,228$4,337$2,779
39 years$28,076$17,924$11,073$6,664$3,933$2,484
40 years$27,070$17,053$10,379$6,147$3,567$2,221
41 years$26,115$16,233$9,732$5,671$3,236$1,986
42 years$25,208$15,460$9,129$5,234$2,937$1,776
43 years$24,346$14,730$8,567$4,832$2,665$1,588
44 years$23,525$14,041$8,041$4,461$2,419$1,420
45 years$22,743$13,389$7,550$4,120$2,196$1,271
46 years$21,997$12,773$7,092$3,806$1,994$1,137
47 years$21,285$12,189$6,662$3,516$1,811$1,017
48 years$20,605$11,636$6,261$3,249$1,644$910
49 years$19,954$11,112$5,885$3,003$1,493$814
50 years$19,332$10,615$5,533$2,775$1,357$729

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $19,800,000, adding $4,916 every year, while hoping to spend $33,563 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: 65/22/13 Blend
73$19,800,000$19,800,000$19,800,000$19,800,000
74$21,824,671$20,775,271$20,468,371$23,177,144
75$24,015,077$21,757,548$21,118,351$25,063,470
76$26,427,779$22,786,833$21,788,980$27,119,421
77$29,085,416$23,865,391$22,480,914$29,365,056
78$32,012,936$24,995,603$23,194,832$31,818,884
79$35,237,828$26,179,960$23,931,432$34,501,267
80$38,790,385$27,421,077$24,691,434$37,434,603
81$42,703,990$28,721,695$25,475,582$40,643,536
82$47,015,428$30,084,689$26,284,645$44,155,182
83$51,765,234$31,513,072$27,119,413$47,999,380
84$56,998,079$33,010,003$27,980,705$52,208,965
85$62,763,188$34,578,798$28,869,363$56,820,075
86$69,114,803$36,222,929$29,786,257$61,872,484
87$76,112,701$37,946,041$30,732,284$67,409,970
88$83,822,752$39,751,953$31,708,372$73,480,724
89$92,317,546$41,644,671$32,715,475$80,137,792
90$101,677,071$43,628,396$33,754,579$87,439,574
91$111,989,477$45,707,532$34,826,702$95,450,365
92$123,351,901$47,886,698$35,932,894$104,240,950
93$135,871,386$50,170,737$37,074,237$113,889,268
94$149,665,893$52,564,729$38,251,849$124,481,137
95$164,865,412$55,073,998$39,466,884$136,111,052
96$181,613,189$57,704,130$40,720,531$148,883,071
97$200,067,083$60,460,981$42,014,017$162,911,783
98$220,401,048$63,350,691$43,348,609$178,323,381
99$242,806,782$66,379,702$44,725,615$195,256,838
100$267,495,533$69,554,767$46,146,382$213,865,211