Can I retire at age 74 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,157,551
2 years$600,947$589,755$578,908$568,391$558,190$543,451
3 years$396,652$385,411$374,592$364,174$354,139$339,767
4 years$294,524$283,318$272,607$262,367$252,575$238,680
5 years$233,263$222,125$211,554$201,523$192,003$178,627
6 years$192,436$181,382$170,967$161,159$151,926$139,083
7 years$163,286$152,324$142,074$132,498$123,556$111,253
8 years$141,433$130,570$120,490$111,149$102,502$90,737
9 years$124,445$113,684$103,778$94,674$86,321$75,089
10 years$110,862$100,207$90,476$81,610$73,550$62,843
11 years$99,757$89,209$79,654$71,025$63,256$53,064
12 years$90,509$80,069$70,691$62,299$54,816$45,128
13 years$82,690$72,359$63,158$55,001$47,801$38,605
14 years$75,993$65,772$56,747$48,823$41,902$33,184
15 years$70,195$60,084$51,235$43,542$36,894$28,640
16 years$65,127$55,126$46,452$38,987$32,607$24,802
17 years$60,659$50,769$42,270$35,029$28,911$21,540
18 years$56,692$46,913$38,587$31,569$25,707$18,753
19 years$53,147$43,478$35,324$28,525$22,913$16,361
20 years$49,961$40,402$32,419$25,835$20,466$14,300
21 years$47,081$37,633$29,819$23,447$18,315$12,518
22 years$44,467$35,129$27,483$21,318$16,417$10,973
23 years$42,084$32,856$25,376$19,415$14,737$9,630
24 years$39,903$30,784$23,468$17,708$13,246$8,460
25 years$37,899$28,889$21,736$16,172$11,919$7,438
26 years$36,052$27,151$20,159$14,787$10,736$6,545
27 years$34,345$25,552$18,720$13,535$9,680$5,764
28 years$32,763$24,078$17,402$12,401$8,734$5,078
29 years$31,293$22,714$16,194$11,372$7,887$4,477
30 years$29,923$21,451$15,084$10,436$7,126$3,948
31 years$28,644$20,279$14,063$9,585$6,443$3,483
32 years$27,447$19,188$13,121$8,809$5,828$3,074
33 years$26,326$18,171$12,251$8,100$5,274$2,714
34 years$25,272$17,222$11,447$7,453$4,775$2,397
35 years$24,281$16,335$10,702$6,861$4,325$2,117
36 years$23,347$15,504$10,011$6,319$3,919$1,871
37 years$22,466$14,725$9,370$5,822$3,552$1,653
38 years$21,633$13,994$8,775$5,366$3,220$1,461
39 years$20,844$13,307$8,221$4,948$2,920$1,292
40 years$20,097$12,661$7,706$4,564$2,648$1,142
41 years$19,388$12,052$7,225$4,211$2,403$1,010
42 years$18,715$11,478$6,778$3,886$2,180$893
43 years$18,075$10,936$6,360$3,587$1,979$790
44 years$17,466$10,424$5,970$3,312$1,796$698
45 years$16,885$9,941$5,606$3,059$1,631$618
46 years$16,331$9,483$5,265$2,825$1,480$546
47 years$15,803$9,050$4,946$2,610$1,344$483
48 years$15,298$8,639$4,648$2,412$1,221$428
49 years$14,815$8,250$4,369$2,229$1,109$378
50 years$14,352$7,881$4,107$2,060$1,007$335

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,700,000, adding $5,799 every year, while hoping to spend $22,353 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: 66/24/10 Blend
73$14,700,000$14,700,000$14,700,000$14,700,000
74$16,205,382$15,426,282$15,198,432$17,240,484
75$17,834,547$16,158,386$15,683,796$18,662,339
76$19,629,138$16,925,614$16,184,670$20,212,566
77$21,606,005$17,729,664$16,701,551$21,906,291
78$23,783,715$18,572,315$17,234,951$23,757,522
79$26,182,729$19,455,434$17,785,397$25,781,663
80$28,825,595$20,380,977$18,353,435$27,995,663
81$31,737,158$21,350,997$18,939,627$30,418,169
82$34,944,798$22,367,646$19,544,555$33,069,695
83$38,478,686$23,433,180$20,168,816$35,972,815
84$42,372,071$24,549,965$20,813,031$39,152,372
85$46,661,591$25,720,482$21,477,836$42,635,705
86$51,387,620$26,947,332$22,163,890$46,452,900
87$56,594,651$28,233,245$22,871,874$50,637,076
88$62,331,711$29,581,080$23,602,488$55,224,684
89$68,652,831$30,993,838$24,356,456$60,255,852
90$75,617,548$32,474,664$25,134,526$65,774,752
91$83,291,474$34,026,858$25,937,468$71,830,014
92$91,746,909$35,653,879$26,766,078$78,475,178
93$101,063,529$37,359,355$27,621,177$85,769,192
94$111,329,136$39,147,090$28,503,613$93,776,961
95$122,640,484$41,021,073$29,414,260$102,569,951
96$135,104,196$42,985,489$30,354,021$112,226,859
97$148,837,770$45,044,723$31,323,826$122,834,342
98$163,970,686$47,203,379$32,324,638$134,487,834
99$180,645,631$49,466,279$33,357,448$147,292,430
100$199,019,843$51,838,484$34,423,281$161,363,872