Can I retire at age 74 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,360,635
2 years$715,413$702,089$689,176$676,656$664,512$629,632
3 years$472,204$458,823$445,942$433,540$421,594$387,765
4 years$350,624$337,283$324,532$312,341$300,684$268,166
5 years$277,695$264,434$251,850$239,908$228,575$197,458
6 years$229,091$215,930$203,532$191,856$180,864$151,179
7 years$194,388$181,338$169,136$157,736$147,091$118,841
8 years$168,372$155,440$143,441$132,321$122,026$95,199
9 years$148,149$135,339$123,546$112,708$102,763$77,337
10 years$131,979$119,294$107,710$97,155$87,560$63,503
11 years$118,758$106,201$94,826$84,554$75,304$52,583
12 years$107,749$95,320$84,156$74,165$65,257$43,832
13 years$98,440$86,142$75,188$65,477$56,905$36,735
14 years$90,468$78,300$67,556$58,123$49,883$30,922
15 years$83,566$71,529$60,994$51,836$43,921$26,122
16 years$77,532$65,626$55,300$46,413$38,817$22,134
17 years$72,213$60,439$50,321$41,702$34,418$18,801
18 years$67,491$55,849$45,937$37,582$30,603$16,003
19 years$63,271$51,760$42,053$33,958$27,277$13,646
20 years$59,477$48,098$38,594$30,756$24,364$11,653
21 years$56,049$44,801$35,499$27,913$21,803$9,963
22 years$52,937$41,820$32,718$25,379$19,544$8,528
23 years$50,100$39,114$30,209$23,113$17,544$7,306
24 years$47,503$36,647$27,938$21,081$15,769$6,264
25 years$45,118$34,391$25,877$19,252$14,189$5,374
26 years$42,919$32,322$23,999$17,603$12,781$4,613
27 years$40,887$30,419$22,285$16,113$11,523$3,962
28 years$39,004$28,664$20,717$14,763$10,398$3,404
29 years$37,253$27,041$19,279$13,538$9,389$2,925
30 years$35,622$25,537$17,958$12,424$8,483$2,515
31 years$34,100$24,141$16,741$11,411$7,670$2,163
32 years$32,675$22,843$15,620$10,487$6,938$1,860
33 years$31,340$21,632$14,585$9,643$6,279$1,601
34 years$30,086$20,502$13,627$8,873$5,685$1,377
35 years$28,906$19,446$12,740$8,168$5,149$1,185
36 years$27,794$18,457$11,918$7,522$4,665$1,020
37 years$26,745$17,530$11,155$6,931$4,228$878
38 years$25,753$16,660$10,446$6,388$3,833$756
39 years$24,815$15,842$9,787$5,890$3,476$651
40 years$23,925$15,072$9,173$5,433$3,153$560
41 years$23,082$14,347$8,602$5,013$2,860$482
42 years$22,280$13,664$8,069$4,626$2,596$415
43 years$21,518$13,019$7,571$4,270$2,356$358
44 years$20,792$12,410$7,107$3,943$2,138$308
45 years$20,101$11,834$6,673$3,641$1,941$265
46 years$19,442$11,289$6,268$3,364$1,762$228
47 years$18,813$10,773$5,888$3,108$1,600$197
48 years$18,211$10,285$5,534$2,872$1,453$169
49 years$17,636$9,821$5,201$2,654$1,320$146
50 years$17,086$9,382$4,890$2,453$1,199$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,500,000, adding $3,669 every year, while hoping to spend $46,658 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: 51/29/20 Blend
73$17,500,000$17,500,000$17,500,000$17,500,000
74$19,288,785$18,361,285$18,090,035$20,165,303
75$21,206,597$19,211,344$18,646,407$21,620,647
76$23,318,462$20,101,492$19,219,854$23,196,995
77$25,644,125$21,033,645$19,810,899$24,909,921
78$28,205,341$22,009,809$20,420,079$26,772,374
79$31,026,085$23,032,089$21,047,951$28,798,582
80$34,132,775$24,102,690$21,695,087$31,004,184
81$37,554,521$25,223,925$22,362,075$33,406,364
82$41,323,401$26,398,216$23,049,524$36,024,014
83$45,474,765$27,628,105$23,758,059$38,877,904
84$50,047,563$28,916,255$24,488,326$41,990,868
85$55,084,719$30,265,456$25,240,990$45,388,018
86$60,633,533$31,678,636$26,016,736$49,096,968
87$66,746,126$33,158,862$26,816,270$53,148,091
88$73,479,936$34,709,351$27,640,319$57,574,797
89$80,898,253$36,333,473$28,489,633$62,413,838
90$89,070,824$38,034,763$29,364,986$67,705,648
91$98,074,508$39,816,926$30,267,173$73,494,713
92$107,993,999$41,683,846$31,197,014$79,829,987
93$118,922,629$43,639,597$32,155,356$86,765,337
94$130,963,246$45,688,446$33,143,069$94,360,044
95$144,229,187$47,834,869$34,161,052$102,679,355
96$158,845,346$50,083,560$35,210,229$111,795,080
97$174,949,354$52,439,437$36,291,555$121,786,264
98$192,692,877$54,907,659$37,406,011$132,739,921
99$212,243,048$57,493,632$38,554,610$144,751,835
100$233,784,045$60,203,025$39,738,395$157,927,459