Can I retire at age 74 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,249,457
2 years$650,004$637,898$626,165$614,790$603,756$585,226
3 years$429,031$416,873$405,171$393,902$383,048$364,994
4 years$318,567$306,446$294,860$283,784$273,193$255,755
5 years$252,305$240,257$228,824$217,973$207,677$190,906
6 years$208,146$196,188$184,924$174,315$164,328$148,243
7 years$176,615$164,759$153,672$143,314$133,642$118,249
8 years$152,978$141,229$130,326$120,223$110,869$96,166
9 years$134,604$122,965$112,250$102,403$93,368$79,347
10 years$119,912$108,387$97,862$88,272$79,554$66,205
11 years$107,900$96,491$86,156$76,823$68,419$55,729
12 years$97,897$86,605$76,461$67,384$59,291$47,244
13 years$89,440$78,266$68,313$59,490$51,703$40,282
14 years$82,197$71,141$61,380$52,809$45,322$34,511
15 years$75,925$64,989$55,418$47,096$39,905$29,684
16 years$70,443$59,626$50,244$42,170$35,268$25,617
17 years$65,611$54,913$45,720$37,889$31,271$22,169
18 years$61,320$50,742$41,737$34,146$27,805$19,232
19 years$57,486$47,028$38,208$30,854$24,783$16,718
20 years$54,039$43,700$35,065$27,944$22,137$14,558
21 years$50,925$40,705$32,253$25,361$19,810$12,696
22 years$48,097$37,997$29,726$23,059$17,757$11,086
23 years$45,519$35,538$27,447$21,000$15,940$9,692
24 years$43,160$33,296$25,384$19,153$14,327$8,481
25 years$40,993$31,247$23,511$17,492$12,892$7,428
26 years$38,995$29,367$21,805$15,994$11,613$6,510
27 years$37,149$27,638$20,248$14,639$10,470$5,710
28 years$35,438$26,043$18,823$13,413$9,447$5,011
29 years$33,847$24,569$17,516$12,300$8,530$4,399
30 years$32,366$23,203$16,316$11,288$7,708$3,864
31 years$30,982$21,934$15,211$10,367$6,969$3,395
32 years$29,688$20,754$14,192$9,528$6,304$2,984
33 years$28,475$19,654$13,251$8,762$5,705$2,624
34 years$27,335$18,628$12,381$8,061$5,165$2,307
35 years$26,263$17,668$11,575$7,421$4,678$2,030
36 years$25,253$16,770$10,829$6,835$4,239$1,786
37 years$24,300$15,927$10,135$6,297$3,842$1,571
38 years$23,399$15,137$9,491$5,804$3,483$1,383
39 years$22,546$14,394$8,892$5,352$3,158$1,217
40 years$21,738$13,694$8,335$4,936$2,865$1,071
41 years$20,971$13,036$7,815$4,554$2,599$943
42 years$20,243$12,415$7,331$4,203$2,358$831
43 years$19,551$11,829$6,879$3,880$2,140$731
44 years$18,891$11,275$6,457$3,582$1,943$644
45 years$18,263$10,752$6,063$3,309$1,764$567
46 years$17,664$10,257$5,695$3,056$1,601$499
47 years$17,093$9,788$5,350$2,823$1,454$440
48 years$16,546$9,344$5,028$2,609$1,320$387
49 years$16,024$8,923$4,726$2,411$1,199$341
50 years$15,524$8,524$4,443$2,229$1,089$301

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $15,900,000, adding $2,728 every year, while hoping to spend $56,774 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: 50/42/8 Blend
73$15,900,000$15,900,000$15,900,000$15,900,000
74$17,524,614$16,681,914$16,435,464$18,364,455
75$19,251,717$17,438,921$16,925,645$19,694,834
76$21,153,083$18,231,118$17,430,344$21,133,382
77$23,246,424$19,060,170$17,949,988$22,695,187
78$25,551,262$19,927,821$18,485,015$24,391,809
79$28,089,106$20,835,899$19,035,878$26,235,942
80$30,883,655$21,786,318$19,603,040$28,241,527
81$33,961,026$22,781,086$20,186,980$30,423,879
82$37,349,996$23,822,305$20,788,190$32,799,820
83$41,082,278$24,912,180$21,407,176$35,387,838
84$45,192,814$26,053,020$22,044,460$38,208,246
85$49,720,109$27,247,246$22,700,577$41,283,372
86$54,706,593$28,497,394$23,376,080$44,637,759
87$60,199,022$29,806,123$24,071,535$48,298,386
88$66,248,918$31,176,219$24,787,527$52,294,919
89$72,913,056$32,610,602$25,524,658$56,659,977
90$80,253,999$34,112,332$26,283,545$61,429,431
91$88,340,687$35,684,617$27,064,824$66,642,735
92$97,249,093$37,330,819$27,869,151$72,343,284
93$107,062,932$39,054,461$28,697,199$78,578,814
94$117,874,457$40,859,236$29,549,662$85,401,840
95$129,785,328$42,749,014$30,427,251$92,870,143
96$142,907,569$44,727,854$31,330,702$101,047,295
97$157,364,629$46,800,007$32,260,769$110,003,253
98$173,292,545$48,969,930$33,218,228$119,815,002
99$190,841,225$51,242,297$34,203,879$130,567,266
100$210,175,864$53,622,005$35,218,543$142,353,293