Can I retire at age 74 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,283,906
2 years$678,620$665,981$653,733$641,856$630,337$590,573
3 years$447,919$435,226$423,008$411,244$399,912$361,432
4 years$332,592$319,937$307,842$296,278$285,220$248,320
5 years$263,413$250,835$238,898$227,570$216,820$181,599
6 years$217,309$204,825$193,065$181,989$171,562$138,051
7 years$184,391$172,012$160,438$149,624$139,526$107,724
8 years$159,713$147,446$136,064$125,515$115,750$85,638
9 years$140,529$128,378$117,192$106,911$97,479$69,024
10 years$125,192$113,159$102,171$92,159$83,057$56,219
11 years$112,651$100,739$89,949$80,206$71,431$46,165
12 years$102,207$90,418$79,828$70,351$61,901$38,154
13 years$93,377$81,711$71,321$62,109$53,979$31,697
14 years$85,816$74,273$64,082$55,134$47,318$26,443
15 years$79,268$67,850$57,857$49,170$41,662$22,136
16 years$73,544$62,251$52,456$44,026$36,821$18,582
17 years$68,499$57,331$47,733$39,557$32,648$15,635
18 years$64,020$52,976$43,574$35,649$29,029$13,181
19 years$60,017$49,098$39,890$32,212$25,874$11,130
20 years$56,418$45,624$36,609$29,174$23,111$9,411
21 years$53,167$42,497$33,673$26,477$20,682$7,967
22 years$50,215$39,670$31,035$24,074$18,539$6,750
23 years$47,523$37,102$28,656$21,925$16,641$5,724
24 years$45,060$34,762$26,501$19,996$14,958$4,857
25 years$42,797$32,623$24,546$18,262$13,460$4,124
26 years$40,712$30,660$22,765$16,698$12,124$3,503
27 years$38,785$28,855$21,139$15,284$10,931$2,977
28 years$36,998$27,190$19,652$14,003$9,863$2,531
29 years$35,337$25,650$18,288$12,841$8,906$2,152
30 years$33,790$24,224$17,034$11,785$8,047$1,831
31 years$32,346$22,900$15,880$10,824$7,275$1,557
32 years$30,995$21,668$14,817$9,947$6,581$1,325
33 years$29,728$20,520$13,834$9,147$5,956$1,128
34 years$28,538$19,448$12,926$8,416$5,392$960
35 years$27,419$18,446$12,085$7,748$4,884$817
36 years$26,365$17,508$11,305$7,135$4,425$696
37 years$25,369$16,629$10,582$6,574$4,011$592
38 years$24,429$15,803$9,909$6,060$3,636$504
39 years$23,538$15,027$9,284$5,587$3,297$429
40 years$22,695$14,297$8,702$5,154$2,991$366
41 years$21,894$13,610$8,159$4,755$2,713$311
42 years$21,134$12,961$7,654$4,388$2,462$265
43 years$20,411$12,350$7,182$4,051$2,234$226
44 years$19,723$11,772$6,742$3,740$2,028$192
45 years$19,067$11,225$6,330$3,454$1,841$164
46 years$18,442$10,709$5,945$3,191$1,672$140
47 years$17,845$10,219$5,586$2,948$1,518$119
48 years$17,275$9,756$5,249$2,724$1,379$101
49 years$16,729$9,316$4,934$2,517$1,252$86
50 years$16,207$8,899$4,638$2,327$1,137$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $16,600,000, adding $6,119 every year, while hoping to spend $59,881 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: 41/35/24 Blend
73$16,600,000$16,600,000$16,600,000$16,600,000
74$18,299,512$17,419,712$17,162,412$18,920,274
75$20,102,349$18,209,565$17,673,640$20,156,324
76$22,087,069$19,036,113$18,199,987$21,487,217
77$24,272,160$19,901,093$18,741,896$22,926,616
78$26,677,995$20,806,321$19,299,824$24,484,506
79$29,327,022$21,753,703$19,874,240$26,171,847
80$32,243,978$22,745,234$20,465,627$28,000,667
81$35,456,120$23,783,007$21,074,482$29,984,172
82$38,993,483$24,869,213$21,701,316$32,136,866
83$42,889,164$26,006,150$22,346,655$34,474,676
84$47,179,632$27,196,224$23,011,041$37,015,098
85$51,905,074$28,441,959$23,695,031$39,777,353
86$57,109,775$29,745,998$24,399,198$42,782,564
87$62,842,532$31,111,113$25,124,132$46,053,942
88$69,157,119$32,540,206$25,870,439$49,616,999
89$76,112,790$34,036,321$26,638,743$53,499,781
90$83,774,841$35,602,647$27,429,688$57,733,119
91$92,215,226$37,242,528$28,243,933$62,350,915
92$101,513,234$38,959,466$29,082,160$67,390,450
93$111,756,238$40,757,134$29,945,066$72,892,721
94$123,040,521$42,639,381$30,833,373$78,902,823
95$135,472,183$44,610,239$31,747,820$85,470,359
96$149,168,143$46,673,938$32,689,169$92,649,897
97$164,257,241$48,834,909$33,658,204$100,501,471
98$180,881,457$51,097,797$34,655,731$109,091,136
99$199,197,247$53,467,470$35,682,579$118,491,576
100$219,377,022$55,949,033$36,739,602$128,782,775