Can I retire at age 74 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,432,353
2 years$752,205$738,196$724,619$711,455$698,687$663,741
3 years$496,489$482,419$468,877$455,836$443,275$409,365
4 years$368,656$354,629$341,222$328,404$316,148$283,533
5 years$291,976$278,034$264,802$252,246$240,331$209,103
6 years$240,873$227,035$214,000$201,723$190,165$160,357
7 years$204,385$190,664$177,835$165,848$154,655$126,270
8 years$177,031$163,434$150,818$139,126$128,302$101,328
9 years$155,768$142,299$129,899$118,504$108,048$82,464
10 years$138,767$125,430$113,249$102,152$92,063$67,840
11 years$124,866$111,663$99,703$88,903$79,177$56,282
12 years$113,290$100,222$88,484$77,980$68,613$47,008
13 years$103,503$90,572$79,054$68,844$59,832$39,475
14 years$95,121$82,327$71,031$61,112$52,448$33,297
15 years$87,863$75,207$64,131$54,501$46,180$28,188
16 years$81,519$69,001$58,144$48,800$40,814$23,935
17 years$75,927$63,548$52,909$43,846$36,188$20,375
18 years$70,962$58,721$48,299$39,514$32,177$17,382
19 years$66,524$54,422$44,216$35,705$28,680$14,854
20 years$62,536$50,571$40,579$32,337$25,617$12,714
21 years$58,932$47,105$37,325$29,348$22,925$10,896
22 years$55,660$43,971$34,400$26,684$20,549$9,348
23 years$52,677$41,125$31,763$24,302$18,446$8,027
24 years$49,946$38,532$29,375$22,165$16,580$6,898
25 years$47,438$36,160$27,207$20,242$14,919$5,932
26 years$45,127$33,985$25,233$18,508$13,439$5,105
27 years$42,990$31,984$23,431$16,941$12,116$4,395
28 years$41,010$30,138$21,783$15,522$10,932$3,785
29 years$39,169$28,432$20,270$14,234$9,872$3,261
30 years$37,454$26,851$18,881$13,063$8,920$2,811
31 years$35,854$25,383$17,602$11,997$8,064$2,423
32 years$34,356$24,017$16,423$11,026$7,295$2,089
33 years$32,952$22,745$15,335$10,139$6,602$1,802
34 years$31,633$21,557$14,328$9,329$5,977$1,554
35 years$30,392$20,446$13,395$8,588$5,414$1,341
36 years$29,223$19,407$12,531$7,909$4,905$1,157
37 years$28,120$18,432$11,729$7,287$4,446$999
38 years$27,078$17,517$10,984$6,717$4,030$862
39 years$26,091$16,657$10,290$6,193$3,655$744
40 years$25,156$15,848$9,645$5,712$3,315$642
41 years$24,269$15,085$9,044$5,270$3,008$554
42 years$23,426$14,367$8,484$4,864$2,729$478
43 years$22,625$13,689$7,961$4,490$2,477$413
44 years$21,862$13,048$7,473$4,146$2,248$357
45 years$21,135$12,443$7,017$3,829$2,041$308
46 years$20,442$11,870$6,590$3,537$1,853$266
47 years$19,780$11,327$6,191$3,267$1,683$230
48 years$19,148$10,813$5,818$3,019$1,528$198
49 years$18,543$10,326$5,469$2,790$1,388$171
50 years$17,965$9,864$5,141$2,579$1,261$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,400,000, adding $6,540 every year, while hoping to spend $45,720 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: 40/35/25 Blend
73$18,400,000$18,400,000$18,400,000$18,400,000
74$20,283,546$19,308,346$19,023,146$20,944,704
75$22,303,822$20,205,809$19,611,776$22,320,507
76$24,528,634$21,145,716$20,218,592$23,803,178
77$26,978,796$22,130,097$20,844,156$25,406,360
78$29,677,244$23,161,083$21,489,046$27,141,094
79$32,649,252$24,240,905$22,153,859$29,019,494
80$35,922,670$25,371,904$22,839,207$31,054,855
81$39,528,187$26,556,532$23,545,726$33,261,769
82$43,499,622$27,797,362$24,274,067$35,656,255
83$47,874,239$29,097,088$25,024,904$38,255,905
84$52,693,103$30,458,537$25,798,930$41,080,035
85$58,001,465$31,884,671$26,596,860$44,149,866
86$63,849,191$33,378,596$27,419,431$47,488,708
87$70,291,229$34,943,568$28,267,403$51,122,176
88$77,388,132$36,583,001$29,141,558$55,078,416
89$85,206,626$38,300,473$30,042,705$59,388,364
90$93,820,241$40,099,735$30,971,675$64,086,024
91$103,310,005$41,984,721$31,929,325$69,208,779
92$113,765,207$43,959,554$32,916,539$74,797,731
93$125,284,244$46,028,558$33,934,229$80,898,075
94$137,975,545$48,196,265$34,983,334$87,559,514
95$151,958,597$50,467,428$36,064,821$94,836,713
96$167,365,070$52,847,028$37,179,689$102,789,800
97$184,340,064$55,340,290$38,328,966$111,484,918
98$203,043,476$57,952,690$39,513,712$120,994,834
99$223,651,510$60,689,970$40,735,020$131,399,611
100$246,358,336$63,558,152$41,994,016$142,787,340