Can I retire at age 74 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,187,573
2 years$617,299$605,802$594,660$583,857$573,379$556,762
3 years$407,445$395,899$384,785$374,083$363,775$347,580
4 years$302,538$291,027$280,025$269,506$259,447$243,799
5 years$239,611$228,169$217,311$207,006$197,228$182,172
6 years$197,673$186,317$175,619$165,545$156,060$141,614
7 years$167,729$156,469$145,940$136,103$126,918$113,088
8 years$145,281$134,123$123,769$114,174$105,291$92,074
9 years$127,831$116,778$106,602$97,251$88,670$76,061
10 years$113,879$102,934$92,938$83,831$75,551$63,540
11 years$102,471$91,636$81,821$72,958$64,977$53,553
12 years$92,972$82,248$72,614$63,994$56,307$45,457
13 years$84,940$74,328$64,876$56,497$49,101$38,810
14 years$78,061$67,562$58,292$50,152$43,042$33,294
15 years$72,105$61,719$52,629$44,727$37,897$28,676
16 years$66,899$56,626$47,716$40,048$33,494$24,782
17 years$62,310$52,150$43,420$35,983$29,698$21,477
18 years$58,235$48,189$39,637$32,428$26,406$18,658
19 years$54,593$44,661$36,286$29,301$23,536$16,243
20 years$51,320$41,502$33,301$26,538$21,023$14,165
21 years$48,362$38,657$30,631$24,085$18,813$12,372
22 years$45,677$36,085$28,231$21,899$16,863$10,820
23 years$43,229$33,750$26,066$19,943$15,138$9,474
24 years$40,988$31,621$24,107$18,190$13,606$8,303
25 years$38,930$29,675$22,328$16,612$12,243$7,284
26 years$37,033$27,890$20,708$15,189$11,028$6,394
27 years$35,280$26,247$19,229$13,903$9,943$5,617
28 years$33,655$24,733$17,876$12,738$8,972$4,937
29 years$32,144$23,333$16,635$11,681$8,101$4,341
30 years$30,737$22,035$15,495$10,720$7,320$3,819
31 years$29,423$20,830$14,445$9,846$6,618$3,361
32 years$28,194$19,710$13,478$9,048$5,986$2,959
33 years$27,042$18,666$12,584$8,321$5,418$2,606
34 years$25,960$17,691$11,758$7,656$4,905$2,296
35 years$24,942$16,779$10,993$7,048$4,443$2,023
36 years$23,982$15,926$10,284$6,491$4,025$1,783
37 years$23,077$15,126$9,625$5,980$3,648$1,571
38 years$22,221$14,375$9,014$5,512$3,308$1,385
39 years$21,411$13,669$8,445$5,083$2,999$1,221
40 years$20,644$13,005$7,915$4,688$2,721$1,077
41 years$19,916$12,380$7,422$4,325$2,468$950
42 years$19,225$11,790$6,962$3,992$2,240$838
43 years$18,567$11,234$6,533$3,685$2,033$739
44 years$17,941$10,708$6,132$3,402$1,845$652
45 years$17,345$10,211$5,758$3,142$1,675$575
46 years$16,776$9,741$5,408$2,902$1,521$507
47 years$16,233$9,296$5,081$2,681$1,381$448
48 years$15,714$8,874$4,775$2,478$1,254$395
49 years$15,218$8,474$4,488$2,290$1,139$349
50 years$14,743$8,095$4,219$2,117$1,035$308

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $15,100,000, adding $3,752 every year, while hoping to spend $46,927 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: 60/25/15 Blend
73$15,100,000$15,100,000$15,100,000$15,100,000
74$16,644,070$15,843,770$15,609,720$17,579,681
75$18,291,835$16,570,185$16,082,716$18,937,234
76$20,106,100$17,330,621$16,569,984$20,411,912
77$22,103,797$18,126,697$17,071,953$22,019,505
78$24,303,586$18,960,106$17,589,065$23,772,864
79$26,726,027$19,832,627$18,121,774$25,686,119
80$29,393,776$20,746,120$18,670,549$27,774,812
81$32,331,800$21,702,538$19,235,870$30,056,037
82$35,567,607$22,703,926$19,818,235$32,548,597
83$39,131,512$23,752,428$20,418,156$35,273,177
84$43,056,920$24,850,291$21,036,158$38,252,535
85$47,380,641$25,999,870$21,672,784$41,511,712
86$52,143,236$27,203,634$22,328,592$45,078,262
87$57,389,404$28,464,169$23,004,158$48,982,507
88$63,168,399$29,784,190$23,700,073$53,257,817
89$69,534,498$31,166,537$24,416,947$57,940,920
90$76,547,511$32,614,191$25,155,409$63,072,242
91$84,273,346$34,130,276$25,916,105$68,696,281
92$92,784,634$35,718,066$26,699,701$74,862,022
93$102,161,408$37,380,993$27,506,882$81,623,390
94$112,491,865$39,122,654$28,338,356$89,039,754
95$123,873,193$40,946,822$29,194,848$97,176,476
96$136,412,491$42,857,450$30,077,109$106,105,525
97$150,227,782$44,858,681$30,985,908$115,906,141
98$165,449,121$46,954,861$31,922,041$126,665,582
99$182,219,826$49,150,545$32,886,325$138,479,930
100$200,697,833$51,450,506$33,879,601$151,454,995