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%12.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,580,805
2 years$817,615$802,387$787,630$773,321$759,442$745,311
3 years$539,662$524,369$509,648$495,474$481,821$468,021
4 years$400,713$385,467$370,894$356,961$343,639$330,275
5 years$317,365$302,211$287,829$274,180$261,229$248,340
6 years$261,818$246,778$232,608$219,264$206,701$194,305
7 years$222,157$207,243$193,299$180,269$168,104$156,204
8 years$192,425$177,646$163,933$151,223$139,458$128,056
9 years$169,313$154,673$141,195$128,809$117,444$106,535
10 years$150,833$136,336$123,097$111,034$100,068$89,646
11 years$135,724$121,372$108,373$96,633$86,062$76,119
12 years$123,141$108,937$96,178$84,760$74,579$65,106
13 years$112,503$98,447$85,929$74,831$65,035$56,021
14 years$103,392$89,486$77,207$66,426$57,009$48,442
15 years$95,503$81,747$69,708$59,241$50,195$42,064
16 years$88,608$75,001$63,201$53,044$44,363$36,653
17 years$82,529$69,073$57,510$47,659$39,335$32,034
18 years$77,132$63,827$52,499$42,951$34,975$28,069
19 years$72,309$59,154$48,060$38,809$31,174$24,649
20 years$67,974$54,969$44,107$35,149$27,845$21,687
21 years$64,056$51,201$40,570$31,900$24,918$19,112
22 years$60,500$47,795$37,392$29,005$22,336$16,867
23 years$57,257$44,701$34,525$26,415$20,050$14,905
24 years$54,289$41,882$31,930$24,092$18,021$13,185
25 years$51,563$39,304$29,573$22,002$16,216$11,675
26 years$49,051$36,940$27,428$20,118$14,607$10,347
27 years$46,728$34,765$25,469$18,414$13,170$9,176
28 years$44,576$32,759$23,677$16,871$11,883$8,144
29 years$42,575$30,904$22,033$15,471$10,730$7,231
30 years$40,711$29,186$20,523$14,199$9,695$6,425
31 years$38,971$27,590$19,133$13,041$8,766$5,710
32 years$37,343$26,106$17,851$11,985$7,929$5,078
33 years$35,817$24,723$16,668$11,021$7,176$4,517
34 years$34,384$23,431$15,574$10,140$6,497$4,019
35 years$33,035$22,224$14,560$9,335$5,884$3,577
36 years$31,765$21,094$13,621$8,597$5,332$3,184
37 years$30,565$20,035$12,749$7,921$4,832$2,836
38 years$29,432$19,040$11,939$7,301$4,381$2,525
39 years$28,360$18,105$11,185$6,732$3,973$2,250
40 years$27,343$17,226$10,484$6,209$3,603$2,004
41 years$26,379$16,397$9,831$5,729$3,269$1,786
42 years$25,463$15,616$9,221$5,287$2,966$1,592
43 years$24,592$14,879$8,653$4,880$2,692$1,419
44 years$23,763$14,183$8,122$4,506$2,444$1,264
45 years$22,973$13,525$7,627$4,162$2,218$1,127
46 years$22,219$12,902$7,163$3,844$2,014$1,005
47 years$21,500$12,312$6,730$3,552$1,829$896
48 years$20,813$11,754$6,324$3,282$1,661$799
49 years$20,156$11,224$5,944$3,033$1,509$712
50 years$19,527$10,722$5,588$2,803$1,370$635

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 $6,637 every year, while hoping to spend $24,193 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: 52/21/27 Blend
73$20,000,000$20,000,000$20,000,000$20,000,000
74$22,046,846$20,986,846$20,676,846$23,026,192
75$24,269,883$21,989,460$21,343,779$24,709,410
76$26,718,859$23,040,392$22,032,244$26,536,452
77$29,416,795$24,141,983$22,742,936$28,523,522
78$32,389,056$25,296,689$23,476,573$30,685,897
79$35,663,599$26,507,085$24,233,897$33,040,372
80$39,271,227$27,775,874$25,015,674$35,605,405
81$43,245,887$29,105,886$25,822,693$38,401,296
82$47,624,985$30,500,091$26,655,770$41,450,360
83$52,449,743$31,961,606$27,515,749$44,777,143
84$57,765,588$33,493,695$28,403,497$48,408,635
85$63,622,576$35,099,785$29,319,913$52,374,529
86$70,075,872$36,783,468$30,265,924$56,707,483
87$77,186,264$38,548,511$31,242,485$61,443,430
88$85,020,739$40,398,864$32,250,584$66,621,903
89$93,653,118$42,338,671$33,291,242$72,286,399
90$103,164,747$44,372,277$34,365,509$78,484,785
91$113,645,271$46,504,239$35,474,474$85,269,739
92$125,193,476$48,739,335$36,619,257$92,699,235
93$137,918,225$51,082,576$37,801,016$100,837,081
94$151,939,482$53,539,220$39,020,947$109,753,514
95$167,389,444$56,114,777$40,280,285$119,525,848
96$184,413,795$58,815,029$41,580,302$130,239,193
97$203,173,075$61,646,038$42,922,315$141,987,248
98$223,844,197$64,614,162$44,307,681$154,873,171
99$246,622,119$67,726,070$45,737,802$169,010,542
100$271,721,682$70,988,754$47,214,125$184,524,416