Can I retire at age 74 with 14,400,000?

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 $14,400,000?

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$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,128,789
2 years$588,682$577,719$567,093$556,791$546,798$527,225
3 years$388,557$377,546$366,947$356,741$346,911$327,862
4 years$288,513$277,536$267,043$257,012$247,420$229,041
5 years$228,503$217,592$207,237$197,410$188,085$170,429
6 years$188,509$177,680$167,478$157,870$148,825$131,913
7 years$159,953$149,215$139,175$129,794$121,035$104,870
8 years$138,546$127,905$118,031$108,881$100,410$84,991
9 years$121,905$111,364$101,660$92,742$84,560$69,877
10 years$108,600$98,162$88,630$79,945$72,049$58,090
11 years$97,721$87,388$78,028$69,576$61,965$48,714
12 years$88,662$78,435$69,248$61,027$53,697$41,138
13 years$81,002$70,882$61,869$53,878$46,825$34,939
14 years$74,442$64,430$55,589$47,827$41,047$29,812
15 years$68,762$58,858$50,190$42,653$36,141$25,537
16 years$63,797$54,001$45,504$38,191$31,941$21,946
17 years$59,421$49,733$41,407$34,315$28,321$18,912
18 years$55,535$45,955$37,799$30,924$25,182$16,335
19 years$52,063$42,591$34,603$27,943$22,445$14,137
20 years$48,941$39,578$31,757$25,308$20,048$12,256
21 years$46,120$36,865$29,211$22,968$17,941$10,640
22 years$43,560$34,412$26,922$20,883$16,082$9,249
23 years$41,225$32,185$24,858$19,019$14,436$8,048
24 years$39,088$30,155$22,989$17,346$12,975$7,010
25 years$37,125$28,299$21,293$15,842$11,676$6,110
26 years$35,316$26,597$19,748$14,485$10,517$5,330
27 years$33,644$25,031$18,338$13,258$9,482$4,652
28 years$32,094$23,586$17,047$12,147$8,556$4,062
29 years$30,654$22,251$15,864$11,139$7,726$3,549
30 years$29,312$21,014$14,777$10,223$6,981$3,102
31 years$28,059$19,865$13,776$9,389$6,311$2,712
32 years$26,887$18,796$12,853$8,629$5,709$2,372
33 years$25,788$17,800$12,001$7,935$5,167$2,075
34 years$24,756$16,871$11,213$7,301$4,678$1,816
35 years$23,785$16,002$10,483$6,721$4,237$1,589
36 years$22,871$15,188$9,807$6,190$3,839$1,391
37 years$22,007$14,425$9,179$5,703$3,479$1,218
38 years$21,191$13,709$8,596$5,257$3,154$1,066
39 years$20,419$13,036$8,053$4,847$2,860$934
40 years$19,687$12,402$7,548$4,471$2,594$818
41 years$18,993$11,806$7,078$4,125$2,354$716
42 years$18,333$11,244$6,639$3,807$2,136$627
43 years$17,706$10,713$6,230$3,514$1,938$550
44 years$17,109$10,212$5,848$3,245$1,759$481
45 years$16,540$9,738$5,491$2,996$1,597$422
46 years$15,998$9,289$5,157$2,768$1,450$370
47 years$15,480$8,865$4,845$2,557$1,317$324
48 years$14,985$8,463$4,553$2,363$1,196$284
49 years$14,512$8,081$4,280$2,184$1,086$249
50 years$14,059$7,720$4,024$2,018$987$218

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,400,000, adding $3,903 every year, while hoping to spend $37,394 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: 21/49/30 Blend
73$14,400,000$14,400,000$14,400,000$14,400,000
74$15,872,826$15,109,626$14,886,426$16,055,101
75$17,452,067$15,810,211$15,345,334$16,925,392
76$19,191,138$16,543,871$15,818,363$17,851,688
77$21,106,301$17,312,187$16,305,945$18,841,065
78$23,215,477$18,116,818$16,808,528$19,898,658
79$25,538,414$18,959,500$17,326,571$21,030,075
80$28,096,871$19,842,055$17,860,551$22,241,434
81$30,914,828$20,766,391$18,410,955$23,539,418
82$34,018,706$21,734,511$18,978,288$24,931,326
83$37,437,623$22,748,511$19,563,069$26,425,135
84$41,203,664$23,810,590$20,165,835$28,029,569
85$45,352,183$24,923,055$20,787,136$29,754,164
86$49,922,143$26,088,322$21,427,542$31,609,355
87$54,956,476$27,308,924$22,087,639$33,606,562
88$60,502,492$28,587,517$22,768,031$35,758,287
89$66,612,326$29,926,885$23,469,340$38,078,219
90$73,343,428$31,329,947$24,192,208$40,581,351
91$80,759,108$32,799,765$24,937,296$43,284,114
92$88,929,128$34,339,544$25,705,287$46,204,512
93$97,930,367$35,952,649$26,496,882$49,362,283
94$107,847,541$37,642,607$27,312,805$52,779,069
95$118,774,009$39,413,113$28,153,802$56,478,606
96$130,812,645$41,268,043$29,020,642$60,486,933
97$144,076,819$43,211,461$29,914,117$64,832,620
98$158,691,459$45,247,627$30,835,045$69,547,020
99$174,794,235$47,381,007$31,784,265$74,664,551
100$192,536,855$49,616,285$32,762,647$80,222,997