Can I retire at age 74 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,319,929
2 years$699,060$686,041$673,423$661,189$649,323$605,750
3 years$461,411$448,335$435,749$423,630$411,957$369,827
4 years$342,609$329,574$317,114$305,202$293,811$253,447
5 years$271,347$258,390$246,093$234,424$223,351$184,861
6 years$223,855$210,995$198,880$187,471$176,730$140,147
7 years$189,945$177,193$165,270$154,130$143,729$109,049
8 years$164,524$151,887$140,162$129,296$119,237$86,436
9 years$144,762$132,245$120,722$110,132$100,415$69,455
10 years$128,962$116,568$105,248$94,934$85,558$56,393
11 years$116,044$103,773$92,659$82,621$73,583$46,159
12 years$105,286$93,141$82,232$72,470$63,765$38,023
13 years$96,190$84,173$73,469$63,980$55,605$31,481
14 years$88,400$76,511$66,012$56,794$48,743$26,172
15 years$81,655$69,894$59,600$50,651$42,917$21,831
16 years$75,759$64,126$54,036$45,352$37,930$18,261
17 years$70,563$59,058$49,171$40,749$33,631$15,309
18 years$65,948$54,572$44,887$36,723$29,904$12,858
19 years$61,824$50,577$41,092$33,182$26,654$10,816
20 years$58,117$46,998$37,712$30,053$23,808$9,111
21 years$54,768$43,777$34,688$27,275$21,305$7,683
22 years$51,727$40,864$31,970$24,799$19,097$6,484
23 years$48,955$38,220$29,519$22,585$17,143$5,477
24 years$46,417$35,809$27,300$20,599$15,408$4,629
25 years$44,086$33,605$25,285$18,812$13,865$3,915
26 years$41,938$31,584$23,451$17,201$12,489$3,312
27 years$39,953$29,724$21,776$15,744$11,260$2,803
28 years$38,112$28,009$20,244$14,425$10,160$2,373
29 years$36,402$26,423$18,838$13,228$9,174$2,010
30 years$34,808$24,954$17,547$12,140$8,290$1,703
31 years$33,320$23,589$16,359$11,150$7,495$1,443
32 years$31,928$22,320$15,263$10,247$6,779$1,222
33 years$30,624$21,138$14,251$9,423$6,135$1,036
34 years$29,398$20,034$13,315$8,670$5,555$878
35 years$28,245$19,002$12,449$7,981$5,031$744
36 years$27,159$18,035$11,646$7,350$4,559$631
37 years$26,133$17,130$10,900$6,772$4,132$535
38 years$25,164$16,279$10,208$6,242$3,746$454
39 years$24,247$15,480$9,563$5,756$3,397$385
40 years$23,378$14,728$8,964$5,309$3,081$326
41 years$22,554$14,020$8,405$4,898$2,795$277
42 years$21,771$13,352$7,884$4,520$2,536$235
43 years$21,026$12,722$7,398$4,173$2,302$199
44 years$20,317$12,126$6,945$3,853$2,089$169
45 years$19,642$11,564$6,521$3,558$1,897$143
46 years$18,998$11,031$6,125$3,287$1,722$121
47 years$18,383$10,527$5,754$3,037$1,564$103
48 years$17,795$10,049$5,407$2,806$1,420$87
49 years$17,233$9,597$5,082$2,593$1,290$74
50 years$16,696$9,167$4,778$2,397$1,172$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,100,000, adding $4,553 every year, while hoping to spend $29,966 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: 66/10/24 Blend
73$17,100,000$17,100,000$17,100,000$17,100,000
74$18,848,896$17,942,596$17,677,546$19,975,719
75$20,739,600$18,789,900$18,237,861$21,581,665
76$22,822,152$19,677,717$18,815,941$23,332,945
77$25,116,087$20,608,001$19,412,351$25,246,974
78$27,642,936$21,582,801$20,027,672$27,339,768
79$30,426,420$22,604,264$20,662,505$29,628,956
80$33,492,683$23,674,641$21,317,467$32,133,941
81$36,870,532$24,796,294$21,993,197$34,876,082
82$40,591,712$25,971,698$22,690,355$37,878,891
83$44,691,205$27,203,449$23,409,620$41,168,251
84$49,207,559$28,494,268$24,151,693$44,772,659
85$54,183,253$29,847,011$24,917,298$48,723,491
86$59,665,098$31,264,668$25,707,181$53,055,291
87$65,704,679$32,750,377$26,522,112$57,806,099
88$72,358,839$34,307,429$27,362,886$63,017,801
89$79,690,222$35,939,274$28,230,324$68,736,522
90$87,767,854$37,649,528$29,125,270$75,013,058
91$96,667,807$39,441,986$30,048,597$81,903,351
92$106,473,904$41,320,625$31,001,206$89,469,008
93$117,278,522$43,289,615$31,984,027$97,777,885
94$129,183,456$45,353,331$32,998,016$106,904,716
95$142,300,882$47,516,358$34,044,164$116,931,816
96$156,754,419$49,783,506$35,123,490$127,949,852
97$172,680,290$52,159,818$36,237,047$140,058,693
98$190,228,612$54,650,582$37,385,921$153,368,347
99$209,564,815$57,261,344$38,571,233$167,999,991
100$230,871,195$59,997,920$39,794,139$184,087,114