Can I retire at age 74 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,530,947
2 years$817,615$802,387$787,630$773,321$759,442$695,885
3 years$539,662$524,369$509,648$495,474$481,821$420,590
4 years$400,713$385,467$370,894$356,961$343,639$285,199
5 years$317,365$302,211$287,829$274,180$261,229$205,728
6 years$261,818$246,778$232,608$219,264$206,701$154,175
7 years$222,157$207,243$193,299$180,269$168,104$118,532
8 years$192,425$177,646$163,933$151,223$139,458$92,790
9 years$169,313$154,673$141,195$128,809$117,444$73,607
10 years$150,833$136,336$123,097$111,034$100,068$58,976
11 years$135,724$121,372$108,373$96,633$86,062$47,618
12 years$123,141$108,937$96,178$84,760$74,579$38,679
13 years$112,503$98,447$85,929$74,831$65,035$31,568
14 years$103,392$89,486$77,207$66,426$57,009$25,862
15 years$95,503$81,747$69,708$59,241$50,195$21,253
16 years$88,608$75,001$63,201$53,044$44,363$17,508
17 years$82,529$69,073$57,510$47,659$39,335$14,452
18 years$77,132$63,827$52,499$42,951$34,975$11,950
19 years$72,309$59,154$48,060$38,809$31,174$9,894
20 years$67,974$54,969$44,107$35,149$27,845$8,201
21 years$64,056$51,201$40,570$31,900$24,918$6,803
22 years$60,500$47,795$37,392$29,005$22,336$5,649
23 years$57,257$44,701$34,525$26,415$20,050$4,693
24 years$54,289$41,882$31,930$24,092$18,021$3,901
25 years$51,563$39,304$29,573$22,002$16,216$3,244
26 years$49,051$36,940$27,428$20,118$14,607$2,698
27 years$46,728$34,765$25,469$18,414$13,170$2,245
28 years$44,576$32,759$23,677$16,871$11,883$1,869
29 years$42,575$30,904$22,033$15,471$10,730$1,556
30 years$40,711$29,186$20,523$14,199$9,695$1,295
31 years$38,971$27,590$19,133$13,041$8,766$1,079
32 years$37,343$26,106$17,851$11,985$7,929$898
33 years$35,817$24,723$16,668$11,021$7,176$748
34 years$34,384$23,431$15,574$10,140$6,497$623
35 years$33,035$22,224$14,560$9,335$5,884$519
36 years$31,765$21,094$13,621$8,597$5,332$433
37 years$30,565$20,035$12,749$7,921$4,832$360
38 years$29,432$19,040$11,939$7,301$4,381$300
39 years$28,360$18,105$11,185$6,732$3,973$250
40 years$27,343$17,226$10,484$6,209$3,603$208
41 years$26,379$16,397$9,831$5,729$3,269$174
42 years$25,463$15,616$9,221$5,287$2,966$145
43 years$24,592$14,879$8,653$4,880$2,692$121
44 years$23,763$14,183$8,122$4,506$2,444$100
45 years$22,973$13,525$7,627$4,162$2,218$84
46 years$22,219$12,902$7,163$3,844$2,014$70
47 years$21,500$12,312$6,730$3,552$1,829$58
48 years$20,813$11,754$6,324$3,282$1,661$48
49 years$20,156$11,224$5,944$3,033$1,509$40
50 years$19,527$10,722$5,588$2,803$1,370$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $20,000,000, adding $6,126 every year, while hoping to spend $27,510 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: 54/19/27 Blend
73$20,000,000$20,000,000$20,000,000$20,000,000
74$22,046,319$20,986,319$20,676,319$23,071,266
75$24,265,773$21,985,378$21,339,705$24,778,869
76$26,710,689$23,032,469$22,024,393$26,633,612
77$29,404,036$24,129,917$22,731,067$28,652,365
78$32,371,123$25,280,158$23,460,433$30,850,872
79$35,639,842$26,485,749$24,213,221$33,246,443
80$39,240,925$27,749,371$24,990,183$35,858,113
81$43,208,243$29,073,833$25,792,098$38,706,812
82$47,579,116$30,462,083$26,619,765$41,815,561
83$52,394,673$31,917,212$27,474,014$45,209,683
84$57,700,234$33,442,461$28,355,699$48,917,030
85$63,545,745$35,041,228$29,265,701$52,968,248
86$69,986,240$36,717,077$30,204,932$57,397,051
87$77,082,368$38,473,746$31,174,329$62,240,537
88$84,900,964$40,315,154$32,174,863$67,539,531
89$93,515,677$42,245,411$33,207,536$73,338,957
90$103,007,668$44,268,828$34,273,380$79,688,261
91$113,466,373$46,389,923$35,373,461$86,641,863
92$124,990,352$48,613,438$36,508,881$94,259,665
93$137,688,214$50,944,343$37,680,775$102,607,608
94$151,679,647$53,387,851$38,890,316$111,758,280
95$167,096,544$55,949,429$40,138,714$121,791,597
96$184,084,250$58,634,810$41,427,220$132,795,541
97$202,802,934$61,450,006$42,757,122$144,866,984
98$223,429,099$64,401,322$44,129,752$158,112,589
99$246,157,252$67,495,371$45,546,483$172,649,803
100$271,201,735$70,739,088$47,008,733$188,607,955