Can I retire at age 74 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,140,569
2 years$605,035$593,767$582,846$572,257$561,987$522,478
3 years$399,350$388,033$377,140$366,651$356,548$318,373
4 years$296,528$285,245$274,461$264,151$254,293$217,746
5 years$234,850$223,636$212,993$202,894$193,309$158,486
6 years$193,746$182,615$172,130$162,256$152,959$119,888
7 years$164,396$153,360$143,041$133,399$124,397$93,072
8 years$142,395$131,458$121,310$111,905$103,199$73,598
9 years$125,291$114,458$104,484$95,319$86,909$58,995
10 years$111,617$100,889$91,092$82,165$74,050$47,780
11 years$100,435$89,816$80,196$71,509$63,686$39,008
12 years$91,125$80,614$71,172$62,723$55,189$32,047
13 years$83,252$72,851$63,587$55,375$48,126$26,461
14 years$76,510$66,220$57,133$49,155$42,187$21,938
15 years$70,673$60,493$51,584$43,838$37,144$18,247
16 years$65,570$55,501$46,768$39,252$32,828$15,219
17 years$61,072$51,114$42,557$35,268$29,108$12,721
18 years$57,078$47,232$38,849$31,783$25,881$10,653
19 years$53,509$43,774$35,565$28,719$23,069$8,934
20 years$50,301$40,677$32,639$26,011$20,605$7,503
21 years$47,402$37,889$30,022$23,606$18,439$6,307
22 years$44,770$35,368$27,670$21,463$16,528$5,307
23 years$42,370$33,079$25,548$19,547$14,837$4,468
24 years$40,174$30,993$23,628$17,828$13,336$3,764
25 years$38,157$29,085$21,884$16,282$12,000$3,173
26 years$36,298$27,336$20,296$14,887$10,809$2,676
27 years$34,579$25,726$18,847$13,627$9,745$2,258
28 years$32,986$24,241$17,521$12,485$8,793$1,905
29 years$31,506$22,869$16,305$11,449$7,940$1,608
30 years$30,126$21,597$15,187$10,507$7,175$1,358
31 years$28,839$20,417$14,158$9,650$6,486$1,147
32 years$27,634$19,318$13,210$8,869$5,867$968
33 years$26,505$18,295$12,334$8,155$5,310$818
34 years$25,444$17,339$11,524$7,504$4,808$691
35 years$24,446$16,446$10,775$6,908$4,354$584
36 years$23,506$15,610$10,079$6,362$3,945$493
37 years$22,618$14,826$9,434$5,861$3,576$417
38 years$21,780$14,090$8,835$5,403$3,242$352
39 years$20,986$13,398$8,277$4,982$2,940$298
40 years$20,234$12,747$7,758$4,595$2,666$252
41 years$19,520$12,134$7,275$4,239$2,419$213
42 years$18,843$11,556$6,824$3,912$2,195$180
43 years$18,198$11,010$6,403$3,612$1,992$152
44 years$17,585$10,495$6,011$3,335$1,808$128
45 years$17,000$10,008$5,644$3,080$1,642$109
46 years$16,442$9,547$5,301$2,845$1,491$92
47 years$15,910$9,111$4,980$2,628$1,353$78
48 years$15,402$8,698$4,680$2,429$1,229$66
49 years$14,915$8,306$4,399$2,244$1,116$55
50 years$14,450$7,934$4,135$2,075$1,014$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,800,000, adding $2,500 every year, while hoping to spend $24,004 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: 82/9/9 Blend
73$14,800,000$14,800,000$14,800,000$14,800,000
74$16,312,179$15,527,779$15,298,379$17,629,059
75$17,950,481$16,263,100$15,785,334$19,226,771
76$19,755,085$17,033,647$16,287,798$20,977,041
77$21,742,930$17,841,121$16,806,265$22,897,871
78$23,932,678$18,687,306$17,341,245$25,006,342
79$26,344,898$19,574,071$17,893,263$27,321,266
80$29,002,253$20,503,376$18,462,863$29,863,359
81$31,929,719$21,477,278$19,050,606$32,655,435
82$35,154,818$22,497,932$19,657,068$35,722,622
83$38,707,877$23,567,598$20,282,848$39,092,593
84$42,622,318$24,688,647$20,928,560$42,795,831
85$46,934,967$25,863,564$21,594,840$46,865,908
86$51,686,410$27,094,954$22,282,343$51,339,805
87$56,921,368$28,385,552$22,991,746$56,258,257
88$62,689,125$29,738,221$23,723,747$61,666,131
89$69,043,989$31,155,967$24,479,065$67,612,856
90$76,045,807$32,641,941$25,258,445$74,152,876
91$83,760,529$34,199,446$26,062,653$81,346,172
92$92,260,832$35,831,948$26,892,481$89,258,817
93$101,626,803$37,543,079$27,748,745$97,963,600
94$111,946,696$39,336,649$28,632,288$107,540,711
95$123,317,769$41,216,655$29,543,979$118,078,491
96$135,847,195$43,187,284$30,484,716$129,674,268
97$149,653,079$45,252,932$31,455,424$142,435,266
98$164,865,572$47,418,204$32,457,059$156,479,618
99$181,628,098$49,687,933$33,490,608$171,937,477
100$200,098,707$52,067,185$34,557,087$188,952,236