Can I retire at age 74 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,382,787
2 years$731,765$718,137$704,928$692,122$679,701$635,180
3 years$482,997$469,310$456,135$443,449$431,230$388,169
4 years$358,638$344,993$331,950$319,480$307,557$266,286
5 years$284,042$270,478$257,607$245,392$233,800$194,430
6 years$234,327$220,866$208,184$196,242$184,998$147,563
7 years$198,831$185,483$173,002$161,341$150,453$114,950
8 years$172,221$158,993$146,720$135,345$124,815$91,221
9 years$151,535$138,432$126,370$115,284$105,112$73,390
10 years$134,996$122,021$110,172$99,376$89,561$59,663
11 years$121,473$108,628$96,994$86,487$77,025$48,898
12 years$110,211$97,499$86,079$75,860$66,749$40,333
13 years$100,690$88,110$76,906$66,973$58,206$33,439
14 years$92,536$80,090$69,101$59,452$51,023$27,838
15 years$85,476$73,164$62,388$53,020$44,925$23,254
16 years$79,304$67,126$56,564$47,474$39,705$19,479
17 years$73,864$61,821$51,471$42,655$35,205$16,354
18 years$69,033$57,125$46,987$38,441$31,303$13,756
19 years$64,717$52,943$43,014$34,734$27,901$11,590
20 years$60,836$49,197$39,476$31,459$24,921$9,777
21 years$57,330$45,825$36,310$28,551$22,302$8,257
22 years$54,147$42,776$33,466$25,959$19,990$6,980
23 years$51,245$40,008$30,900$23,642$17,945$5,905
24 years$48,589$37,485$28,577$21,562$16,129$4,999
25 years$46,149$35,177$26,468$19,692$14,514$4,234
26 years$43,900$33,061$24,548$18,005$13,073$3,588
27 years$41,822$31,114$22,795$16,481$11,787$3,042
28 years$39,895$29,319$21,191$15,100$10,635$2,580
29 years$38,105$27,659$19,720$13,847$9,603$2,188
30 years$36,437$26,121$18,368$12,708$8,677$1,857
31 years$34,879$24,693$17,124$11,671$7,845$1,576
32 years$33,422$23,365$15,977$10,726$7,096$1,337
33 years$32,056$22,127$14,918$9,864$6,422$1,135
34 years$30,773$20,971$13,938$9,075$5,815$964
35 years$29,567$19,891$13,031$8,354$5,267$818
36 years$28,429$18,879$12,191$7,694$4,772$695
37 years$27,356$17,931$11,410$7,089$4,325$590
38 years$26,342$17,041$10,685$6,534$3,921$501
39 years$25,382$16,204$10,011$6,025$3,556$426
40 years$24,472$15,417$9,383$5,557$3,225$362
41 years$23,609$14,675$8,798$5,127$2,926$307
42 years$22,789$13,976$8,253$4,732$2,655$261
43 years$22,010$13,317$7,745$4,368$2,409$222
44 years$21,268$12,694$7,270$4,033$2,187$188
45 years$20,561$12,104$6,826$3,725$1,985$160
46 years$19,886$11,547$6,411$3,441$1,803$136
47 years$19,243$11,020$6,023$3,179$1,637$115
48 years$18,628$10,520$5,660$2,937$1,487$98
49 years$18,039$10,046$5,320$2,714$1,350$83
50 years$17,477$9,596$5,002$2,509$1,226$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $17,900,000, adding $5,206 every year, while hoping to spend $30,941 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: 83/11/6 Blend
73$17,900,000$17,900,000$17,900,000$17,900,000
74$19,731,170$18,782,470$18,505,020$21,361,623
75$21,710,828$19,669,890$19,092,017$23,314,662
76$23,891,375$20,599,757$19,697,642$25,454,068
77$26,293,267$21,574,117$20,322,485$27,802,259
78$28,939,050$22,595,118$20,967,157$30,380,141
79$31,853,564$23,665,009$21,632,288$33,210,735
80$35,064,184$24,786,152$22,318,526$36,319,391
81$38,601,076$25,961,019$23,026,543$39,734,029
82$42,497,483$27,192,206$23,757,029$43,485,395
83$46,790,035$28,482,432$24,510,698$47,607,353
84$51,519,098$29,834,551$25,288,285$52,137,200
85$56,729,154$31,251,552$26,090,551$57,116,012
86$62,469,222$32,736,572$26,918,279$62,589,037
87$68,793,318$34,292,900$27,772,277$68,606,110
88$75,760,968$35,923,983$28,653,379$75,222,127
89$83,437,766$37,633,438$29,562,447$82,497,555
90$91,895,996$39,425,054$30,500,367$90,499,002
91$101,215,315$41,302,809$31,468,056$99,299,843
92$111,483,500$43,270,870$32,466,460$108,980,904
93$122,797,284$45,333,610$33,496,553$119,631,227
94$135,263,261$47,495,611$34,559,342$131,348,901
95$148,998,899$49,761,681$35,655,865$144,241,989
96$164,133,644$52,136,860$36,787,193$158,429,538
97$180,810,143$54,626,434$37,954,432$174,042,700
98$199,185,594$57,235,945$39,158,722$191,225,968
99$219,433,224$59,971,206$40,401,239$210,138,531
100$241,743,930$62,838,312$41,683,197$230,955,772