Can I retire at age 74 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,264,694
2 years$662,268$649,934$637,980$626,390$615,148$587,956
3 years$437,126$424,739$412,815$401,334$390,275$363,857
4 years$324,577$312,228$300,424$289,139$278,348$252,906
5 years$257,066$244,791$233,141$222,086$211,595$187,203
6 years$212,073$199,890$188,413$177,604$167,428$144,111
7 years$179,948$167,867$156,572$146,018$136,164$113,926
8 years$155,865$143,893$132,785$122,491$112,961$91,796
9 years$137,143$125,285$114,368$104,335$95,130$75,022
10 years$122,175$110,433$99,709$89,938$81,055$61,985
11 years$109,936$98,312$87,782$78,273$69,710$51,654
12 years$99,744$88,239$77,904$68,656$60,409$43,339
13 years$91,127$79,742$69,602$60,613$52,678$36,565
14 years$83,748$72,484$62,538$53,805$46,177$30,990
15 years$77,358$66,215$56,463$47,985$40,658$26,363
16 years$71,772$60,751$51,192$42,965$35,934$22,497
17 years$66,849$55,950$46,583$38,604$31,861$19,248
18 years$62,477$51,700$42,524$34,790$28,330$16,505
19 years$58,570$47,915$38,929$31,436$25,251$14,179
20 years$55,059$44,525$35,727$28,471$22,555$12,200
21 years$51,886$41,473$32,862$25,839$20,184$10,511
22 years$49,005$38,714$30,287$23,494$18,092$9,067
23 years$46,378$36,208$27,965$21,396$16,240$7,828
24 years$43,974$33,925$25,863$19,515$14,597$6,765
25 years$41,766$31,837$23,954$17,822$13,135$5,850
26 years$39,731$29,921$22,216$16,295$11,832$5,063
27 years$37,850$28,159$20,630$14,916$10,667$4,383
28 years$36,106$26,534$19,178$13,666$9,625$3,797
29 years$34,486$25,032$17,847$12,532$8,691$3,290
30 years$32,976$23,640$16,624$11,501$7,853$2,852
31 years$31,567$22,348$15,498$10,563$7,100$2,473
32 years$30,248$21,146$14,460$9,708$6,423$2,145
33 years$29,012$20,025$13,501$8,927$5,812$1,861
34 years$27,851$18,979$12,615$8,214$5,262$1,615
35 years$26,759$18,002$11,794$7,561$4,766$1,401
36 years$25,729$17,086$11,033$6,964$4,319$1,216
37 years$24,758$16,228$10,327$6,416$3,914$1,056
38 years$23,840$15,422$9,670$5,914$3,549$917
39 years$22,971$14,665$9,060$5,453$3,218$796
40 years$22,148$13,953$8,492$5,029$2,919$691
41 years$21,367$13,282$7,963$4,640$2,648$600
42 years$20,625$12,649$7,469$4,282$2,403$521
43 years$19,919$12,052$7,009$3,953$2,181$453
44 years$19,248$11,488$6,579$3,650$1,979$393
45 years$18,608$10,955$6,178$3,371$1,797$341
46 years$17,998$10,451$5,802$3,114$1,631$297
47 years$17,415$9,973$5,451$2,877$1,481$258
48 years$16,858$9,521$5,122$2,658$1,345$224
49 years$16,326$9,092$4,815$2,457$1,222$194
50 years$15,817$8,685$4,527$2,271$1,110$169

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $16,200,000, adding $4,188 every year, while hoping to spend $21,613 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: 83/9/8 Blend
73$16,200,000$16,200,000$16,200,000$16,200,000
74$17,856,720$16,998,120$16,747,020$19,321,867
75$19,655,109$17,808,032$17,285,049$21,090,236
76$21,636,210$18,656,905$17,840,378$23,028,393
77$23,818,636$19,546,626$18,413,563$25,156,029
78$26,222,898$20,479,172$19,005,179$27,492,139
79$28,871,601$21,456,618$19,615,819$30,057,642
80$31,789,650$22,481,139$20,246,095$32,875,577
81$35,004,495$23,555,015$20,896,640$35,971,316
82$38,546,382$24,680,639$21,568,106$39,372,805
83$42,448,641$25,860,519$22,261,166$43,110,823
84$46,748,002$27,097,284$22,976,514$47,219,270
85$51,484,941$28,393,693$23,714,870$51,735,487
86$56,704,059$29,752,638$24,476,972$56,700,605
87$62,454,509$31,177,153$25,263,586$62,159,930
88$68,790,453$32,670,418$26,075,501$68,163,370
89$75,771,580$34,235,769$26,913,531$74,765,900
90$83,463,663$35,876,704$27,778,516$82,028,081
91$91,939,186$37,596,891$28,671,325$90,016,629
92$101,278,022$39,400,178$29,592,854$98,805,038
93$111,568,191$41,290,598$30,544,026$108,474,275
94$122,906,693$43,272,383$31,525,797$119,113,538
95$135,400,415$45,349,970$32,539,151$130,821,095
96$149,167,151$47,528,012$33,585,105$143,705,209
97$164,336,704$49,811,388$34,664,710$157,885,155
98$181,052,118$52,205,216$35,779,048$173,492,342
99$199,471,026$54,714,864$36,929,239$190,671,550
100$219,767,138$57,345,960$38,116,436$209,582,291