Can I retire at age 74 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,113,111
2 years$580,506$569,695$559,217$549,058$539,204$519,902
3 years$383,160$372,302$361,850$351,787$342,093$323,308
4 years$284,506$273,681$263,334$253,443$243,984$225,860
5 years$225,329$214,569$204,358$194,668$185,472$168,062
6 years$185,891$175,212$165,152$155,678$146,758$130,080
7 years$157,732$147,143$137,242$127,991$119,354$103,414
8 years$136,622$126,129$116,392$107,369$99,015$83,810
9 years$120,212$109,818$100,248$91,454$83,385$68,906
10 years$107,092$96,799$87,399$78,834$71,048$57,283
11 years$96,364$86,174$76,945$68,610$61,104$48,038
12 years$87,430$77,345$68,286$60,180$52,951$40,567
13 years$79,877$69,898$61,009$53,130$46,175$34,454
14 years$73,408$63,535$54,817$47,163$40,476$29,398
15 years$67,807$58,040$49,493$42,061$35,639$25,183
16 years$62,911$53,251$44,872$37,661$31,498$21,641
17 years$58,596$49,042$40,832$33,838$27,928$18,649
18 years$54,764$45,317$37,274$30,495$24,832$16,108
19 years$51,339$41,999$34,123$27,555$22,133$13,941
20 years$48,261$39,028$31,316$24,956$19,770$12,085
21 years$45,480$36,353$28,805$22,649$17,692$10,492
22 years$42,955$33,934$26,548$20,593$15,858$9,120
23 years$40,653$31,738$24,513$18,755$14,235$7,936
24 years$38,545$29,736$22,670$17,105$12,795$6,912
25 years$36,610$27,906$20,997$15,622$11,514$6,025
26 years$34,826$26,227$19,474$14,284$10,371$5,256
27 years$33,177$24,683$18,083$13,074$9,350$4,587
28 years$31,649$23,259$16,810$11,979$8,437$4,006
29 years$30,228$21,942$15,644$10,985$7,618$3,500
30 years$28,905$20,722$14,571$10,081$6,884$3,059
31 years$27,670$19,589$13,584$9,259$6,224$2,674
32 years$26,514$18,535$12,675$8,509$5,630$2,339
33 years$25,430$17,553$11,834$7,825$5,095$2,046
34 years$24,412$16,636$11,057$7,200$4,613$1,790
35 years$23,455$15,779$10,338$6,628$4,178$1,567
36 years$22,553$14,977$9,671$6,104$3,785$1,372
37 years$21,701$14,225$9,052$5,624$3,431$1,201
38 years$20,897$13,518$8,476$5,184$3,110$1,051
39 years$20,135$12,855$7,942$4,780$2,821$921
40 years$19,414$12,230$7,444$4,408$2,558$806
41 years$18,729$11,642$6,980$4,067$2,321$706
42 years$18,079$11,087$6,547$3,754$2,106$619
43 years$17,460$10,564$6,144$3,465$1,911$542
44 years$16,872$10,070$5,767$3,199$1,735$475
45 years$16,311$9,602$5,415$2,955$1,575$416
46 years$15,776$9,160$5,086$2,729$1,430$364
47 years$15,265$8,742$4,778$2,522$1,299$319
48 years$14,777$8,345$4,490$2,330$1,179$280
49 years$14,311$7,969$4,220$2,153$1,071$245
50 years$13,864$7,612$3,968$1,990$973$215

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,200,000, adding $5,550 every year, while hoping to spend $41,732 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: 64/7/29 Blend
73$14,200,000$14,200,000$14,200,000$14,200,000
74$15,654,125$14,901,525$14,681,425$16,534,554
75$17,206,443$15,587,297$15,128,850$17,817,761
76$18,915,699$16,305,273$15,589,865$19,214,269
77$20,797,856$17,056,988$16,064,882$20,739,398
78$22,870,506$17,844,048$16,554,323$22,405,799
79$25,153,030$18,668,139$17,058,626$24,227,399
80$27,666,788$19,531,027$17,578,239$26,219,524
81$30,435,317$20,434,564$18,113,626$28,399,050
82$33,484,551$21,380,689$18,665,264$30,784,554
83$36,843,068$22,371,436$19,233,644$33,396,488
84$40,542,362$23,408,938$19,819,272$36,257,372
85$44,617,135$24,495,428$20,422,670$39,392,001
86$49,105,628$25,633,248$21,044,374$42,827,679
87$54,049,979$26,824,855$21,684,938$46,594,472
88$59,496,625$28,072,821$22,344,931$50,725,490
89$65,496,736$29,379,844$23,024,941$55,257,196
90$72,106,698$30,748,752$23,725,573$60,229,748
91$79,388,650$32,182,509$24,447,448$65,687,375
92$87,411,063$33,684,223$25,191,208$71,678,790
93$96,249,393$35,257,151$25,957,515$78,257,647
94$105,986,789$36,904,709$26,747,049$85,483,044
95$116,714,877$38,630,475$27,560,511$93,420,078
96$128,534,629$40,438,203$28,398,623$102,140,453
97$141,557,313$42,331,828$29,262,129$111,723,157
98$155,905,544$44,315,472$30,151,795$122,255,199
99$171,714,441$46,393,461$31,068,411$133,832,432
100$189,132,900$48,570,327$32,012,789$146,560,445