Can I retire at age 74 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,230,188
2 years$641,827$629,874$618,289$607,057$596,162$574,317
3 years$423,635$411,630$400,074$388,947$378,230$356,973
4 years$314,560$302,591$291,151$280,215$269,757$249,252
5 years$249,132$237,235$225,945$215,232$205,065$185,371
6 years$205,527$193,720$182,598$172,122$162,261$143,400
7 years$174,394$162,686$151,739$141,511$131,961$113,939
8 years$151,054$139,452$128,687$118,710$109,475$92,287
9 years$132,910$121,418$110,838$101,115$92,194$75,830
10 years$118,404$107,024$96,631$87,162$78,553$63,001
11 years$106,543$95,277$85,073$75,857$67,559$52,799
12 years$96,666$85,516$75,500$66,537$58,545$44,559
13 years$88,315$77,281$67,454$58,742$51,052$37,819
14 years$81,163$70,247$60,608$52,145$44,752$32,248
15 years$74,970$64,171$54,721$46,504$39,403$27,605
16 years$69,557$58,876$49,612$41,639$34,825$23,707
17 years$64,785$54,223$45,145$37,412$30,878$20,414
18 years$60,549$50,104$41,212$33,716$27,455$17,620
19 years$56,763$46,436$37,727$30,465$24,472$15,238
20 years$53,359$43,151$34,624$27,592$21,858$13,200
21 years$50,284$40,193$31,848$25,042$19,561$11,451
22 years$47,492$37,519$29,353$22,769$17,533$9,946
23 years$44,947$35,091$27,102$20,736$15,739$8,648
24 years$42,617$32,878$25,065$18,912$14,147$7,527
25 years$40,477$30,854$23,215$17,272$12,730$6,556
26 years$38,505$28,998$21,531$15,792$11,467$5,714
27 years$36,682$27,290$19,993$14,455$10,338$4,983
28 years$34,992$25,716$18,586$13,244$9,328$4,348
29 years$33,421$24,260$17,296$12,145$8,423$3,796
30 years$31,958$22,911$16,111$11,146$7,611$3,315
31 years$30,592$21,658$15,019$10,237$6,881$2,896
32 years$29,314$20,493$14,013$9,408$6,224$2,530
33 years$28,116$19,407$13,084$8,651$5,633$2,212
34 years$26,991$18,394$12,225$7,960$5,100$1,934
35 years$25,933$17,446$11,430$7,328$4,619$1,691
36 years$24,935$16,559$10,692$6,749$4,185$1,479
37 years$23,994$15,727$10,008$6,218$3,793$1,294
38 years$23,104$14,946$9,372$5,731$3,439$1,132
39 years$22,262$14,213$8,780$5,284$3,119$990
40 years$21,464$13,522$8,230$4,874$2,829$866
41 years$20,707$12,872$7,717$4,497$2,566$758
42 years$19,988$12,259$7,239$4,150$2,329$664
43 years$19,305$11,680$6,793$3,831$2,113$581
44 years$18,654$11,133$6,376$3,537$1,918$508
45 years$18,034$10,617$5,987$3,267$1,741$445
46 years$17,442$10,128$5,623$3,018$1,581$390
47 years$16,878$9,665$5,283$2,788$1,436$341
48 years$16,338$9,227$4,964$2,576$1,304$299
49 years$15,822$8,811$4,666$2,381$1,184$261
50 years$15,329$8,417$4,387$2,201$1,076$229

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $15,700,000, adding $3,675 every year, while hoping to spend $35,147 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: 47/40/13 Blend
73$15,700,000$15,700,000$15,700,000$15,700,000
74$17,305,191$16,473,091$16,229,741$18,055,434
75$19,032,924$17,242,876$16,736,041$19,344,283
76$20,935,708$18,049,203$17,258,124$20,738,375
77$23,031,361$18,893,825$17,796,482$22,250,619
78$25,339,518$19,778,579$18,351,622$23,892,025
79$27,881,813$20,705,394$18,924,066$25,674,676
80$30,682,089$21,676,290$19,514,353$27,611,843
81$33,766,617$22,693,384$20,123,039$29,718,095
82$37,164,349$23,758,896$20,750,698$32,009,436
83$40,907,186$24,875,155$21,397,919$34,503,446
84$45,030,282$26,044,601$22,065,312$37,219,438
85$49,572,376$27,269,792$22,753,506$40,178,635
86$54,576,159$28,553,411$23,463,149$43,404,360
87$60,088,670$29,898,271$24,194,907$46,922,248
88$66,161,747$31,307,320$24,949,470$50,760,477
89$72,852,516$32,783,650$25,727,548$54,950,027
90$80,223,925$34,330,501$26,529,873$59,524,960
91$88,345,342$35,951,272$27,357,200$64,522,733
92$97,293,209$37,649,526$28,210,308$69,984,537
93$107,151,762$39,428,999$29,089,999$75,955,677
94$118,013,829$41,293,607$29,997,102$82,485,987
95$129,981,703$43,247,457$30,932,468$89,630,288
96$143,168,110$45,294,856$31,896,979$97,448,888
97$157,697,272$47,440,318$32,891,542$106,008,145
98$173,706,077$49,688,577$33,917,092$115,381,070
99$191,345,376$52,044,597$34,974,594$125,648,008
100$210,781,404$54,513,582$36,065,043$136,897,376