Can I retire at age 74 with 16,500,000?

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 $16,500,000?

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$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,292,872
2 years$674,532$661,969$649,794$637,990$626,540$603,582
3 years$445,221$432,604$420,460$408,766$397,502$375,163
4 years$330,588$318,010$305,987$294,493$283,502$261,953
5 years$261,826$249,324$237,459$226,199$215,514$194,816
6 years$216,000$203,592$191,902$180,893$170,529$150,707
7 years$183,280$170,976$159,471$148,722$138,686$119,745
8 years$158,751$146,558$135,244$124,759$115,053$96,989
9 years$139,683$127,605$116,486$106,267$96,891$79,694
10 years$124,437$112,478$101,555$91,603$82,556$66,211
11 years$111,972$100,132$89,407$79,722$71,001$55,490
12 years$101,592$89,873$79,347$69,927$61,528$46,830
13 years$92,815$81,219$70,891$61,735$53,654$39,746
14 years$85,299$73,826$63,696$54,802$47,032$33,892
15 years$78,790$67,441$57,509$48,873$41,411$29,012
16 years$73,101$61,876$52,140$43,761$36,599$24,915
17 years$68,087$56,986$47,446$39,319$32,451$21,455
18 years$63,634$52,657$43,312$35,434$28,854$18,518
19 years$59,655$48,802$39,650$32,018$25,718$16,014
20 years$56,078$45,349$36,389$28,998$22,972$13,873
21 years$52,846$42,241$33,470$26,318$20,558$12,035
22 years$49,912$39,431$30,848$23,929$18,427$10,453
23 years$47,237$36,879$28,483$21,793$16,541$9,089
24 years$44,789$34,553$26,342$19,876$14,867$7,910
25 years$42,540$32,426$24,398$18,152$13,378$6,890
26 years$40,467$30,475$22,628$16,597$12,051$6,005
27 years$38,551$28,681$21,012$15,192$10,865$5,237
28 years$36,775$27,026$19,533$13,919$9,804$4,570
29 years$35,124$25,496$18,177$12,764$8,852$3,989
30 years$33,587$24,078$16,932$11,714$7,999$3,484
31 years$32,151$22,762$15,785$10,759$7,232$3,043
32 years$30,808$21,537$14,727$9,887$6,541$2,659
33 years$29,549$20,396$13,751$9,092$5,920$2,324
34 years$28,367$19,331$12,848$8,366$5,360$2,032
35 years$27,254$18,335$12,012$7,701$4,855$1,777
36 years$26,206$17,403$11,237$7,092$4,399$1,554
37 years$25,216$16,529$10,518$6,535$3,987$1,360
38 years$24,281$15,708$9,849$6,023$3,614$1,189
39 years$23,397$14,937$9,228$5,554$3,277$1,041
40 years$22,558$14,211$8,649$5,123$2,973$911
41 years$21,763$13,528$8,110$4,726$2,697$797
42 years$21,007$12,883$7,608$4,362$2,447$697
43 years$20,288$12,275$7,139$4,026$2,221$610
44 years$19,604$11,701$6,701$3,718$2,016$534
45 years$18,953$11,158$6,292$3,433$1,830$468
46 years$18,331$10,644$5,910$3,171$1,662$409
47 years$17,738$10,158$5,552$2,930$1,509$358
48 years$17,171$9,697$5,217$2,707$1,370$314
49 years$16,629$9,260$4,904$2,502$1,245$275
50 years$16,110$8,846$4,610$2,313$1,130$240

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $16,500,000, adding $2,219 every year, while hoping to spend $51,664 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: 61/28/11 Blend
73$16,500,000$16,500,000$16,500,000$16,500,000
74$18,185,289$17,310,789$17,055,039$19,247,760
75$19,985,218$18,104,047$17,571,413$20,753,967
76$21,967,009$18,934,444$18,103,353$22,390,682
77$24,149,156$19,803,744$18,651,328$24,175,335
78$26,552,040$20,713,797$19,215,817$26,122,223
79$29,198,117$21,666,543$19,797,317$28,247,069
80$32,112,135$22,664,013$20,396,336$30,567,162
81$35,321,359$23,708,337$21,013,400$33,101,518
82$38,855,840$24,801,747$21,649,051$35,871,052
83$42,748,685$25,946,582$22,303,844$38,898,774
84$47,036,382$27,145,296$22,978,354$42,209,994
85$51,759,135$28,400,457$23,673,171$45,832,561
86$56,961,248$29,714,760$24,388,902$49,797,118
87$62,691,540$31,091,029$25,126,176$54,137,384
88$69,003,810$32,532,222$25,885,635$58,890,464
89$75,957,340$34,041,442$26,667,946$64,097,198
90$83,617,457$35,621,941$27,473,790$69,802,531
91$92,056,149$37,277,128$28,303,873$76,055,937
92$101,352,743$39,010,574$29,158,920$82,911,874
93$111,594,656$40,826,025$30,039,677$90,430,290
94$122,878,218$42,727,408$30,946,914$98,677,180
95$135,309,582$44,718,837$31,881,421$107,725,202
96$149,005,726$46,804,626$32,844,015$117,654,351
97$164,095,555$48,989,297$33,835,534$128,552,702
98$180,721,120$51,277,592$34,856,844$140,517,238
99$199,038,960$53,674,479$35,908,833$153,654,747
100$219,221,574$56,185,169$36,992,420$168,082,822