Can I retire at age 74 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,430,787
2 years$744,029$730,172$716,743$703,722$691,092$670,472
3 years$491,092$477,176$463,780$450,882$438,457$418,364
4 years$364,649$350,775$337,513$324,835$312,711$293,300
5 years$288,802$275,012$261,924$249,504$237,718$219,046
6 years$238,255$224,568$211,674$199,531$188,098$170,186
7 years$202,163$188,592$175,902$164,045$152,974$135,829
8 years$175,107$161,658$149,179$137,613$126,907$110,526
9 years$154,074$140,752$128,487$117,216$106,874$91,250
10 years$137,258$124,066$112,018$101,041$91,062$76,182
11 years$123,508$110,449$98,619$87,936$78,316$64,167
12 years$112,059$99,133$87,522$77,132$67,867$54,432
13 years$102,378$89,587$78,195$68,096$59,182$46,442
14 years$94,087$81,432$70,259$60,448$51,878$39,815
15 years$86,908$74,390$63,434$53,909$45,678$34,269
16 years$80,633$68,251$57,512$48,270$40,370$29,595
17 years$75,102$62,857$52,334$43,370$35,795$25,630
18 years$70,190$58,083$47,774$39,085$31,827$22,250
19 years$65,801$53,830$43,735$35,317$28,368$19,355
20 years$61,856$50,022$40,138$31,986$25,339$16,867
21 years$58,291$46,593$36,919$29,029$22,676$14,721
22 years$55,055$43,493$34,027$26,394$20,325$12,865
23 years$52,104$40,678$31,417$24,038$18,245$11,255
24 years$49,403$38,113$29,056$21,924$16,399$9,857
25 years$46,922$35,767$26,912$20,022$14,757$8,640
26 years$44,636$33,615$24,959$18,307$13,292$7,578
27 years$42,523$31,636$23,177$16,757$11,984$6,652
28 years$40,564$29,810$21,546$15,353$10,814$5,842
29 years$38,743$28,123$20,050$14,079$9,764$5,133
30 years$37,047$26,559$18,676$12,921$8,823$4,512
31 years$35,464$25,107$17,411$11,867$7,977$3,968
32 years$33,982$23,756$16,245$10,906$7,215$3,491
33 years$32,594$22,498$15,168$10,029$6,530$3,072
34 years$31,289$21,323$14,172$9,228$5,912$2,703
35 years$30,062$20,224$13,250$8,494$5,355$2,380
36 years$28,906$19,196$12,395$7,823$4,852$2,096
37 years$27,815$18,231$11,601$7,208$4,397$1,846
38 years$26,783$17,326$10,864$6,644$3,987$1,626
39 years$25,807$16,476$10,179$6,126$3,615$1,432
40 years$24,882$15,675$9,540$5,650$3,279$1,262
41 years$24,005$14,921$8,946$5,213$2,975$1,112
42 years$23,171$14,211$8,392$4,811$2,699$980
43 years$22,379$13,540$7,874$4,441$2,450$864
44 years$21,624$12,906$7,391$4,101$2,224$761
45 years$20,905$12,307$6,940$3,787$2,019$671
46 years$20,220$11,741$6,518$3,498$1,833$591
47 years$19,565$11,204$6,124$3,232$1,664$521
48 years$18,940$10,696$5,755$2,986$1,511$460
49 years$18,342$10,214$5,409$2,760$1,373$405
50 years$17,770$9,757$5,085$2,551$1,247$357

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,200,000, adding $3,172 every year, while hoping to spend $53,974 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: 74/5/21 Blend
73$18,200,000$18,200,000$18,200,000$18,200,000
74$20,059,672$19,095,072$18,812,972$21,442,593
75$22,048,331$19,973,303$19,385,779$23,239,844
76$24,238,023$20,892,757$19,975,965$25,201,965
77$26,649,199$21,855,400$20,584,057$27,350,857
78$29,304,390$22,863,287$21,210,596$29,705,120
79$32,228,424$23,918,575$21,856,138$32,285,235
80$35,448,663$25,023,524$22,521,257$35,113,758
81$38,995,253$26,180,503$23,206,546$38,215,526
82$42,901,417$27,391,996$23,912,613$41,617,894
83$47,203,761$28,660,604$24,640,086$45,350,986
84$51,942,627$29,989,055$25,389,610$49,447,984
85$57,162,465$31,380,209$26,161,853$53,945,430
86$62,912,260$32,837,063$26,957,498$58,883,577
87$69,245,990$34,362,758$27,777,254$64,306,762
88$76,223,135$35,960,588$28,621,846$70,263,820
89$83,909,242$37,634,004$29,492,025$76,808,546
90$92,376,539$39,386,625$30,388,563$84,000,200
91$101,704,620$41,222,244$31,312,254$91,904,060
92$111,981,195$43,144,836$32,263,917$100,592,037
93$123,302,914$45,158,571$33,244,396$110,143,353
94$135,776,288$47,267,818$34,254,560$120,645,279
95$149,518,685$49,477,157$35,295,304$132,193,964
96$164,659,443$51,791,389$36,367,548$144,895,331
97$181,341,089$54,215,550$37,472,243$158,866,078
98$199,720,683$56,754,915$38,610,367$174,234,776
99$219,971,304$59,415,017$39,782,926$191,143,075
100$242,283,681$62,201,657$40,990,957$209,747,040