Can I retire at age 74 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,367,886
2 years$723,589$710,113$697,052$684,389$672,106$628,624
3 years$477,601$464,066$451,039$438,495$426,412$384,348
4 years$354,631$341,138$328,241$315,911$304,120$263,798
5 years$280,868$267,456$254,728$242,650$231,188$192,715
6 years$231,709$218,398$205,858$194,049$182,931$146,341
7 years$196,609$183,410$171,069$159,538$148,772$114,063
8 years$170,296$157,217$145,080$133,833$123,420$90,571
9 years$149,842$136,885$124,958$113,996$103,938$72,911
10 years$133,487$120,658$108,941$98,265$88,560$59,311
11 years$120,115$107,415$95,910$85,520$76,165$48,641
12 years$108,980$96,409$85,118$75,013$66,003$40,147
13 years$99,565$87,126$76,047$66,225$57,556$33,308
14 years$91,502$79,195$68,328$58,787$50,453$27,748
15 years$84,521$72,346$61,691$52,428$44,423$23,195
16 years$78,418$66,376$55,932$46,944$39,261$19,444
17 years$73,038$61,130$50,896$42,178$34,812$16,336
18 years$68,262$56,487$46,462$38,011$30,953$13,752
19 years$63,994$52,351$42,533$34,346$27,589$11,594
20 years$60,157$48,648$39,035$31,107$24,643$9,789
21 years$56,690$45,313$35,905$28,232$22,053$8,273
22 years$53,542$42,298$33,092$25,669$19,767$6,999
23 years$50,673$39,561$30,554$23,377$17,744$5,926
24 years$48,046$37,066$28,258$21,322$15,949$5,021
25 years$45,633$34,784$26,172$19,472$14,351$4,256
26 years$43,410$32,692$24,273$17,804$12,927$3,609
27 years$41,355$30,767$22,540$16,297$11,655$3,062
28 years$39,449$28,991$20,954$14,931$10,517$2,599
29 years$37,679$27,350$19,499$13,692$9,496$2,207
30 years$36,030$25,829$18,163$12,566$8,580$1,874
31 years$34,490$24,417$16,933$11,541$7,757$1,591
32 years$33,049$23,104$15,799$10,606$7,017$1,352
33 years$31,698$21,879$14,751$9,753$6,351$1,149
34 years$30,430$20,737$13,783$8,974$5,750$976
35 years$29,236$19,669$12,886$8,261$5,208$829
36 years$28,112$18,668$12,054$7,608$4,718$705
37 years$27,050$17,731$11,283$7,010$4,277$599
38 years$26,047$16,850$10,566$6,461$3,877$509
39 years$25,098$16,023$9,899$5,958$3,516$433
40 years$24,199$15,245$9,278$5,495$3,189$368
41 years$23,345$14,511$8,700$5,070$2,893$313
42 years$22,535$13,820$8,161$4,679$2,625$266
43 years$21,764$13,168$7,658$4,319$2,383$226
44 years$21,030$12,552$7,188$3,988$2,163$192
45 years$20,331$11,969$6,750$3,683$1,963$164
46 years$19,664$11,418$6,339$3,402$1,783$139
47 years$19,028$10,896$5,956$3,143$1,619$118
48 years$18,419$10,402$5,597$2,904$1,470$101
49 years$17,838$9,933$5,261$2,684$1,335$85
50 years$17,281$9,489$4,946$2,481$1,213$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,700,000, adding $4,910 every year, while hoping to spend $29,915 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: 55/33/12 Blend
73$17,700,000$17,700,000$17,700,000$17,700,000
74$19,510,465$18,572,365$18,298,015$20,523,422
75$21,468,703$19,450,581$18,879,169$22,089,211
76$23,625,678$20,370,828$19,478,789$23,789,557
77$26,001,632$21,335,132$20,097,462$25,640,242
78$28,618,865$22,345,621$20,735,794$27,655,596
79$31,501,956$23,404,523$21,394,410$29,851,363
80$34,677,987$24,514,176$22,073,954$32,244,848
81$38,176,802$25,677,031$22,775,093$34,855,070
82$42,031,289$26,895,659$23,498,512$37,702,937
83$46,277,688$28,172,754$24,244,919$40,811,436
84$50,955,935$29,511,141$25,015,046$44,205,840
85$56,110,037$30,913,784$25,809,647$47,913,942
86$61,788,491$32,383,789$26,629,500$51,966,307
87$68,044,737$33,924,415$27,475,408$56,396,553
88$74,937,665$35,539,076$28,348,199$61,241,658
89$82,532,171$37,231,355$29,248,728$66,542,303
90$90,899,769$39,005,008$30,177,877$72,343,240
91$100,119,265$40,863,973$31,136,556$78,693,712
92$110,277,504$42,812,381$32,125,704$85,647,901
93$121,470,183$44,854,562$33,146,290$93,265,428
94$133,802,764$46,995,058$34,199,313$101,611,911
95$147,391,461$49,238,631$35,285,804$110,759,562
96$162,364,341$51,590,274$36,406,830$120,787,865
97$178,862,531$54,055,225$37,563,486$131,784,305
98$197,041,554$56,638,975$38,756,907$143,845,187
99$217,072,790$59,347,283$39,988,261$157,076,523
100$239,145,102$62,186,187$41,258,755$171,595,022