Can I retire at age 74 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,359,486
2 years$711,325$698,077$685,238$672,789$660,714$632,613
3 years$469,506$456,201$443,394$431,063$419,184$391,873
4 years$348,620$335,356$322,677$310,556$298,966$272,655
5 years$276,108$262,923$250,411$238,537$227,269$202,033
6 years$227,782$214,697$202,369$190,760$179,830$155,696
7 years$193,277$180,302$168,170$156,834$146,250$123,223
8 years$167,410$154,552$142,621$131,564$121,329$99,403
9 years$147,302$134,565$122,840$112,064$102,176$81,336
10 years$131,225$118,613$107,094$96,600$87,059$67,285
11 years$118,079$105,594$94,284$84,071$74,874$56,142
12 years$107,133$94,775$83,675$73,741$64,884$47,166
13 years$97,878$85,649$74,758$65,103$56,580$39,846
14 years$89,951$77,853$67,170$57,791$49,598$33,817
15 years$83,088$71,120$60,646$51,539$43,670$28,808
16 years$77,089$65,251$54,984$46,148$38,596$24,618
17 years$71,800$60,094$50,034$41,463$34,221$21,093
18 years$67,105$55,529$45,674$37,367$30,428$18,113
19 years$62,909$51,464$41,813$33,764$27,121$15,584
20 years$59,137$47,823$38,373$30,580$24,225$13,429
21 years$55,729$44,545$35,296$27,753$21,679$11,588
22 years$52,635$41,581$32,531$25,234$19,432$10,011
23 years$49,814$38,890$30,036$22,981$17,443$8,657
24 years$47,232$36,438$27,779$20,960$15,678$7,493
25 years$44,860$34,195$25,729$19,142$14,108$6,490
26 years$42,674$32,138$23,862$17,502$12,708$5,625
27 years$40,654$30,245$22,158$16,020$11,457$4,878
28 years$38,781$28,500$20,599$14,678$10,338$4,232
29 years$37,040$26,886$19,169$13,460$9,335$3,674
30 years$35,419$25,391$17,855$12,353$8,435$3,190
31 years$33,905$24,003$16,646$11,345$7,626$2,770
32 years$32,489$22,712$15,531$10,427$6,898$2,407
33 years$31,161$21,509$14,501$9,588$6,243$2,092
34 years$29,914$20,385$13,549$8,822$5,652$1,818
35 years$28,741$19,335$12,667$8,121$5,119$1,580
36 years$27,635$18,352$11,850$7,479$4,639$1,374
37 years$26,592$17,430$11,091$6,891$4,204$1,195
38 years$25,606$16,565$10,387$6,352$3,811$1,039
39 years$24,673$15,751$9,731$5,857$3,456$904
40 years$23,789$14,986$9,121$5,402$3,135$786
41 years$22,950$14,266$8,553$4,984$2,844$684
42 years$22,153$13,586$8,023$4,600$2,581$595
43 years$21,395$12,945$7,528$4,246$2,342$517
44 years$20,674$12,339$7,066$3,920$2,126$450
45 years$19,986$11,766$6,635$3,621$1,930$392
46 years$19,331$11,225$6,232$3,344$1,752$341
47 years$18,705$10,712$5,855$3,090$1,591$297
48 years$18,107$10,226$5,502$2,855$1,445$258
49 years$17,536$9,765$5,171$2,639$1,312$225
50 years$16,988$9,328$4,862$2,439$1,192$195

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,400,000, adding $6,633 every year, while hoping to spend $23,964 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: 44/28/28 Blend
73$17,400,000$17,400,000$17,400,000$17,400,000
74$19,181,642$18,259,442$17,989,742$19,869,364
75$21,112,672$19,128,657$18,566,901$21,230,205
76$23,239,864$20,039,661$19,162,591$22,701,653
77$25,583,201$20,994,475$19,777,409$24,296,310
78$28,164,703$21,995,220$20,411,968$26,025,655
79$31,008,638$23,044,121$21,066,904$27,902,291
80$34,141,745$24,143,508$21,742,871$29,940,056
81$37,593,490$25,295,828$22,440,545$32,154,155
82$41,396,346$26,503,644$23,160,623$34,561,285
83$45,586,096$27,769,645$23,903,826$37,179,797
84$50,202,171$29,096,650$24,670,898$40,029,852
85$55,288,023$30,487,617$25,462,604$43,133,612
86$60,891,538$31,945,646$26,279,737$46,515,432
87$67,065,481$33,473,989$27,123,114$50,202,092
88$73,868,001$35,076,056$27,993,580$54,223,031
89$81,363,176$36,755,421$28,892,003$58,610,623
90$89,621,619$38,515,836$29,819,285$63,400,466
91$98,721,144$40,361,232$30,776,351$68,631,717
92$108,747,501$42,295,733$31,764,159$74,347,440
93$119,795,187$44,323,664$32,783,699$80,595,013
94$131,968,332$46,449,560$33,835,989$87,426,553
95$145,381,691$48,678,177$34,922,084$94,899,404
96$160,161,719$51,014,503$36,043,069$103,076,662
97$176,447,768$53,463,769$37,200,066$112,027,756
98$194,393,407$56,031,459$38,394,234$121,829,096
99$214,167,861$58,723,327$39,626,767$132,564,770
100$235,957,618$61,545,406$40,898,900$144,327,334