Can I retire at age 74 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,373,713
2 years$707,237$694,065$681,300$668,923$656,917$651,049
3 years$466,808$453,579$440,846$428,585$416,775$411,033
4 years$346,617$333,429$320,823$308,772$297,248$291,676
5 years$274,521$261,412$248,972$237,166$225,963$220,578
6 years$226,473$213,463$201,206$189,664$178,797$173,605
7 years$192,166$179,266$167,203$155,933$145,410$140,414
8 years$166,448$153,664$141,802$130,808$120,631$115,833
9 years$146,455$133,792$122,134$111,420$101,589$96,986
10 years$130,471$117,931$106,479$96,045$86,559$82,150
11 years$117,401$104,987$93,742$83,588$74,444$70,226
12 years$106,517$94,231$83,194$73,318$64,511$60,481
13 years$97,315$85,157$74,328$64,729$56,255$52,409
14 years$89,434$77,405$66,784$57,459$49,313$45,646
15 years$82,611$70,711$60,297$51,243$43,419$39,927
16 years$76,646$64,876$54,668$45,883$38,374$35,053
17 years$71,388$59,749$49,746$41,225$34,025$30,869
18 years$66,719$55,210$45,412$37,152$30,253$27,258
19 years$62,547$51,168$41,572$33,570$26,965$24,126
20 years$58,797$47,548$38,153$30,404$24,086$21,396
21 years$55,409$44,289$35,093$27,594$21,554$19,009
22 years$52,332$41,342$32,344$25,089$19,320$16,915
23 years$49,527$38,667$29,864$22,849$17,343$15,071
24 years$46,960$36,228$27,619$20,840$15,588$13,445
25 years$44,602$33,998$25,581$19,032$14,027$12,007
26 years$42,429$31,953$23,725$17,402$12,635$10,732
27 years$40,420$30,071$22,031$15,928$11,392$9,601
28 years$38,558$28,336$20,480$14,594$10,279$8,596
29 years$36,827$26,732$19,059$13,383$9,282$7,700
30 years$35,215$25,246$17,752$12,282$8,386$6,902
31 years$33,710$23,865$16,550$11,280$7,582$6,190
32 years$32,302$22,581$15,442$10,367$6,859$5,554
33 years$30,982$21,385$14,418$9,533$6,207$4,986
34 years$29,742$20,268$13,471$8,771$5,620$4,477
35 years$28,576$19,224$12,595$8,074$5,090$4,022
36 years$27,476$18,246$11,782$7,436$4,612$3,613
37 years$26,439$17,330$11,028$6,852$4,180$3,248
38 years$25,459$16,470$10,327$6,315$3,789$2,920
39 years$24,531$15,661$9,675$5,823$3,436$2,625
40 years$23,652$14,900$9,069$5,371$3,117$2,361
41 years$22,818$14,184$8,503$4,955$2,828$2,124
42 years$22,025$13,508$7,977$4,573$2,566$1,911
43 years$21,272$12,870$7,485$4,222$2,329$1,719
44 years$20,555$12,268$7,026$3,898$2,114$1,547
45 years$19,872$11,699$6,597$3,600$1,919$1,392
46 years$19,220$11,160$6,196$3,325$1,742$1,253
47 years$18,598$10,650$5,821$3,072$1,582$1,128
48 years$18,003$10,167$5,470$2,839$1,437$1,016
49 years$17,435$9,709$5,142$2,624$1,305$914
50 years$16,891$9,274$4,834$2,425$1,185$823

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,300,000, adding $4,358 every year, while hoping to spend $59,053 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: 46/26/28 Blend
73$17,300,000$17,300,000$17,300,000$17,300,000
74$19,069,095$18,152,195$17,884,045$19,792,310
75$20,951,311$18,978,821$18,420,329$21,131,735
76$23,023,534$19,843,972$18,972,599$22,578,100
77$25,305,081$20,749,474$19,541,328$24,146,348
78$27,817,241$21,697,240$20,127,004$25,847,934
79$30,583,469$22,689,274$20,730,128$27,695,440
80$33,629,611$23,727,677$21,351,216$29,702,690
81$36,984,149$24,814,650$21,990,799$31,884,875
82$40,678,466$25,952,502$22,649,424$34,258,693
83$44,747,144$27,143,648$23,327,654$36,842,497
84$49,228,290$28,390,625$24,026,068$39,656,462
85$54,163,897$29,696,087$24,745,263$42,722,773
86$59,600,237$31,062,818$25,485,852$46,065,822
87$65,588,300$32,493,734$26,248,466$49,712,437
88$72,184,273$33,991,894$27,033,757$53,692,122
89$79,450,074$35,560,502$27,842,393$58,037,331
90$87,453,931$37,202,916$28,675,063$62,783,767
91$96,271,030$38,922,657$29,532,475$67,970,709
92$105,984,223$40,723,414$30,415,360$73,641,373
93$116,684,807$42,609,056$31,324,469$79,843,312
94$128,473,392$44,583,634$32,260,573$86,628,857
95$141,460,846$46,651,399$33,224,470$94,055,598
96$155,769,339$48,816,805$34,216,976$102,186,917
97$171,533,502$51,084,519$35,238,936$111,092,580
98$188,901,694$53,459,435$36,291,215$120,849,378
99$208,037,403$55,946,684$37,374,707$131,541,843
100$229,120,788$58,551,641$38,490,329$143,263,035