Can I retire at age 74 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,537,905
2 years$813,526$798,375$783,691$769,454$755,645$706,758
3 years$536,964$521,747$507,100$492,997$479,412$432,120
4 years$398,709$383,539$369,039$355,176$341,921$296,586
5 years$315,778$300,700$286,390$272,810$259,923$216,668
6 years$260,509$245,544$231,445$218,168$205,668$164,531
7 years$221,047$206,207$192,332$179,368$167,263$128,241
8 years$191,463$176,758$163,113$150,467$138,761$101,828
9 years$168,466$153,899$140,489$128,165$116,857$81,973
10 years$150,079$135,655$122,482$110,479$99,568$66,683
11 years$135,045$120,765$107,831$96,150$85,632$54,687
12 years$122,526$108,393$95,697$84,337$74,207$45,137
13 years$111,940$97,955$85,499$74,457$64,710$37,448
14 years$102,875$89,039$76,821$66,094$56,724$31,197
15 years$95,026$81,338$69,359$58,944$49,944$26,078
16 years$88,165$74,626$62,885$52,778$44,141$21,860
17 years$82,117$68,728$57,222$47,421$39,138$18,367
18 years$76,747$63,508$52,237$42,736$34,800$15,461
19 years$71,948$58,858$47,820$38,615$31,018$13,036
20 years$67,634$54,694$43,887$34,974$27,706$11,005
21 years$63,736$50,945$40,367$31,741$24,794$9,302
22 years$60,197$47,556$37,205$28,860$22,224$7,869
23 years$56,971$44,478$34,352$26,283$19,950$6,662
24 years$54,018$41,673$31,770$23,972$17,931$5,645
25 years$51,305$39,108$29,425$21,892$16,135$4,785
26 years$48,805$36,755$27,290$20,017$14,534$4,058
27 years$46,495$34,591$25,342$18,322$13,104$3,443
28 years$44,353$32,595$23,558$16,787$11,824$2,922
29 years$42,362$30,749$21,923$15,394$10,676$2,481
30 years$40,508$29,040$20,420$14,128$9,647$2,107
31 years$38,776$27,452$19,037$12,975$8,722$1,789
32 years$37,157$25,975$17,762$11,925$7,889$1,520
33 years$35,638$24,599$16,585$10,966$7,140$1,291
34 years$34,212$23,314$15,496$10,090$6,464$1,097
35 years$32,870$22,113$14,487$9,288$5,855$933
36 years$31,606$20,989$13,553$8,554$5,305$793
37 years$30,413$19,934$12,685$7,881$4,808$674
38 years$29,285$18,945$11,879$7,264$4,359$573
39 years$28,218$18,015$11,129$6,698$3,953$487
40 years$27,206$17,139$10,432$6,178$3,585$414
41 years$26,247$16,315$9,781$5,700$3,253$352
42 years$25,336$15,538$9,175$5,260$2,952$299
43 years$24,469$14,805$8,610$4,856$2,679$254
44 years$23,644$14,112$8,082$4,484$2,431$216
45 years$22,858$13,457$7,589$4,141$2,207$184
46 years$22,108$12,837$7,127$3,825$2,004$156
47 years$21,393$12,251$6,696$3,534$1,820$133
48 years$20,709$11,695$6,292$3,265$1,653$113
49 years$20,055$11,168$5,914$3,018$1,501$96
50 years$19,429$10,668$5,560$2,789$1,363$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $19,900,000, adding $5,781 every year, while hoping to spend $36,690 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: 48/26/26 Blend
73$19,900,000$19,900,000$19,900,000$19,900,000
74$21,935,763$20,881,063$20,572,613$22,825,889
75$24,134,173$21,865,197$21,222,758$24,435,042
76$26,555,591$22,896,324$21,893,453$26,177,414
77$29,222,725$23,976,708$22,585,347$28,068,893
78$32,160,599$25,108,723$23,299,112$30,123,545
79$35,396,786$26,294,856$24,035,438$32,356,817
80$38,961,672$27,537,718$24,795,039$34,785,688
81$42,888,741$28,840,044$25,578,651$37,428,812
82$47,214,889$30,204,703$26,387,033$40,306,693
83$51,980,777$31,634,702$27,220,967$43,441,869
84$57,231,209$33,133,196$28,081,263$46,859,118
85$63,015,559$34,703,490$28,968,752$50,585,682
86$69,388,237$36,349,051$29,884,296$54,651,517
87$76,409,198$38,073,515$30,828,781$59,089,570
88$84,144,513$39,880,694$31,803,121$63,936,072
89$92,666,990$41,774,585$32,808,262$69,230,882
90$102,056,861$43,759,377$33,845,177$75,017,844
91$112,402,540$45,839,467$34,914,870$81,345,193
92$123,801,460$48,019,461$36,018,379$88,266,003
93$136,360,985$50,304,191$37,156,771$95,838,671
94$150,199,433$52,698,724$38,331,151$104,127,461
95$165,447,187$55,208,373$39,542,655$113,203,093
96$182,247,924$57,838,707$40,792,459$123,143,405
97$200,759,978$60,595,570$42,081,772$134,034,065
98$221,157,829$63,485,086$43,411,844$145,969,374
99$243,633,751$66,513,679$44,783,965$159,053,135
100$268,399,628$69,688,084$46,199,462$173,399,621