Can I retire at age 74 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,115,910
2 years$584,594$573,707$563,155$552,924$543,001$518,546
3 years$385,858$374,924$364,399$354,264$344,502$320,746
4 years$286,510$275,609$265,189$255,227$245,702$222,829
5 years$226,916$216,081$205,797$196,039$186,779$164,853
6 years$187,200$176,446$166,315$156,774$147,792$126,836
7 years$158,843$148,179$138,208$128,893$120,194$100,213
8 years$137,584$127,017$117,212$108,125$99,713$80,700
9 years$121,058$110,591$100,954$92,098$83,972$65,914
10 years$107,846$97,481$88,014$79,390$71,549$54,426
11 years$97,042$86,781$77,486$69,093$61,534$45,326
12 years$88,046$77,890$68,767$60,604$53,324$38,006
13 years$80,440$70,390$61,439$53,504$46,500$32,044
14 years$73,925$63,982$55,203$47,495$40,761$27,139
15 years$68,285$58,449$49,841$42,357$35,890$23,071
16 years$63,354$53,626$45,188$37,926$31,719$19,674
17 years$59,008$49,388$41,120$34,076$28,125$16,821
18 years$55,150$45,636$37,537$30,710$25,007$14,413
19 years$51,701$42,295$34,363$27,749$22,289$12,372
20 years$48,601$39,303$31,537$25,132$19,909$10,638
21 years$45,800$36,609$29,008$22,809$17,817$9,158
22 years$43,257$34,173$26,735$20,738$15,970$7,894
23 years$40,939$31,961$24,685$18,887$14,336$6,810
24 years$38,817$29,946$22,830$17,226$12,885$5,881
25 years$36,868$28,103$21,145$15,732$11,595$5,081
26 years$35,071$26,412$19,611$14,384$10,444$4,394
27 years$33,411$24,857$18,210$13,166$9,416$3,801
28 years$31,872$23,422$16,929$12,063$8,496$3,290
29 years$30,441$22,096$15,754$11,062$7,672$2,848
30 years$29,109$20,868$14,674$10,152$6,932$2,467
31 years$27,864$19,727$13,680$9,324$6,267$2,137
32 years$26,700$18,666$12,764$8,569$5,669$1,852
33 years$25,609$17,677$11,918$7,880$5,131$1,606
34 years$24,584$16,753$11,135$7,250$4,645$1,392
35 years$23,620$15,890$10,411$6,674$4,207$1,207
36 years$22,712$15,082$9,739$6,147$3,812$1,047
37 years$21,854$14,325$9,115$5,663$3,455$908
38 years$21,044$13,614$8,536$5,220$3,132$788
39 years$20,277$12,945$7,997$4,813$2,840$683
40 years$19,550$12,316$7,496$4,440$2,576$593
41 years$18,861$11,724$7,029$4,096$2,337$514
42 years$18,206$11,165$6,593$3,780$2,121$446
43 years$17,583$10,638$6,187$3,490$1,925$387
44 years$16,990$10,141$5,808$3,222$1,747$336
45 years$16,426$9,670$5,453$2,976$1,586$292
46 years$15,887$9,225$5,122$2,749$1,440$253
47 years$15,373$8,803$4,812$2,539$1,308$220
48 years$14,881$8,404$4,522$2,346$1,188$191
49 years$14,411$8,025$4,250$2,169$1,079$165
50 years$13,962$7,666$3,996$2,004$980$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,300,000, adding $4,857 every year, while hoping to spend $33,558 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: 56/32/12 Blend
73$14,300,000$14,300,000$14,300,000$14,300,000
74$15,763,610$15,005,710$14,784,060$16,598,290
75$17,335,793$15,705,284$15,243,621$17,863,471
76$19,067,213$16,438,013$15,717,452$19,236,779
77$20,974,079$17,205,485$16,205,996$20,731,847
78$23,074,248$18,009,367$16,709,710$22,360,313
79$25,387,400$18,851,405$17,229,064$24,134,965
80$27,935,220$19,733,429$17,764,543$26,069,862
81$30,741,604$20,657,359$18,316,647$28,180,455
82$33,832,885$21,625,207$18,885,892$30,483,736
83$37,238,079$22,639,081$19,472,809$32,998,383
84$40,989,161$23,701,195$20,077,946$35,744,941
85$45,121,367$24,813,865$20,701,869$38,746,002
86$49,673,525$25,979,522$21,345,159$42,026,416
87$54,688,420$27,200,714$22,008,418$45,613,517
88$60,213,203$28,480,113$22,692,264$49,537,375
89$66,299,830$29,820,519$23,397,335$53,831,075
90$73,005,557$31,224,869$24,124,290$58,531,016
91$80,393,477$32,696,241$24,873,807$63,677,252
92$88,533,118$34,237,863$25,646,586$69,313,861
93$97,501,097$35,853,119$26,443,347$75,489,349
94$107,381,844$37,545,557$27,264,834$82,257,105
95$118,268,399$39,318,897$28,111,814$89,675,889
96$130,263,292$41,177,039$28,985,076$97,810,381
97$143,479,507$43,124,073$29,885,435$106,731,780
98$158,041,550$45,164,286$30,813,730$116,518,465
99$174,086,627$47,302,174$31,770,829$127,256,725
100$191,765,933$49,542,451$32,757,622$139,041,559