Can I retire at age 74 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,446,614
2 years$756,293$742,208$728,557$715,322$702,484$673,784
3 years$499,187$485,041$471,425$458,314$445,685$417,781
4 years$370,659$356,557$343,077$330,189$317,866$290,975
5 years$293,563$279,545$266,242$253,617$241,637$215,834
6 years$242,182$228,269$215,163$202,820$191,199$166,513
7 years$205,496$191,700$178,801$166,749$155,496$131,933
8 years$177,994$164,322$151,638$139,882$128,999$106,552
9 years$156,614$143,072$130,605$119,148$108,636$87,291
10 years$139,521$126,111$113,865$102,707$92,563$72,300
11 years$125,544$112,269$100,245$89,386$79,607$60,402
12 years$113,906$100,767$88,965$78,403$68,986$50,811
13 years$104,065$91,064$79,484$69,218$60,157$42,983
14 years$95,638$82,775$71,417$61,444$52,733$36,528
15 years$88,341$75,616$64,480$54,798$46,431$31,161
16 years$81,962$69,376$58,460$49,065$41,036$26,666
17 years$76,340$63,893$53,197$44,085$36,385$22,881
18 years$71,347$59,040$48,562$39,729$32,352$19,677
19 years$66,886$54,718$44,456$35,899$28,836$16,954
20 years$62,876$50,846$40,799$32,513$25,757$14,632
21 years$59,252$47,361$37,528$29,508$23,049$12,645
22 years$55,962$44,210$34,587$26,829$20,660$10,941
23 years$52,963$41,349$31,935$24,434$18,546$9,476
24 years$50,218$38,741$29,535$22,285$16,670$8,215
25 years$47,696$36,357$27,355$20,352$15,000$7,127
26 years$45,372$34,169$25,371$18,609$13,512$6,187
27 years$43,224$32,157$23,559$17,033$12,182$5,374
28 years$41,232$30,302$21,901$15,606$10,992$4,670
29 years$39,382$28,586$20,381$14,311$9,925$4,060
30 years$37,658$26,997$18,984$13,134$8,968$3,531
31 years$36,048$25,521$17,698$12,063$8,108$3,072
32 years$34,543$24,148$16,513$11,086$7,334$2,673
33 years$33,131$22,868$15,418$10,194$6,638$2,327
34 years$31,805$21,674$14,406$9,380$6,010$2,026
35 years$30,558$20,557$13,468$8,635$5,443$1,764
36 years$29,382$19,512$12,599$7,952$4,932$1,536
37 years$28,273$18,532$11,793$7,327$4,470$1,338
38 years$27,225$17,612$11,043$6,753$4,052$1,166
39 years$26,233$16,747$10,346$6,227$3,675$1,016
40 years$25,292$15,934$9,698$5,743$3,333$885
41 years$24,400$15,167$9,093$5,299$3,024$771
42 years$23,553$14,445$8,530$4,890$2,744$672
43 years$22,748$13,763$8,004$4,514$2,490$586
44 years$21,981$13,119$7,513$4,168$2,260$510
45 years$21,250$12,510$7,055$3,850$2,052$445
46 years$20,553$11,934$6,626$3,556$1,863$388
47 years$19,888$11,389$6,225$3,285$1,692$338
48 years$19,252$10,872$5,850$3,036$1,536$295
49 years$18,644$10,382$5,498$2,805$1,395$257
50 years$18,062$9,918$5,169$2,593$1,267$224

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $18,500,000, adding $4,335 every year, while hoping to spend $42,414 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: 65/11/24 Blend
73$18,500,000$18,500,000$18,500,000$18,500,000
74$20,391,472$19,410,972$19,124,222$21,589,458
75$22,426,273$20,316,981$19,719,755$23,303,202
76$24,667,204$21,265,963$20,333,817$25,170,309
77$27,135,242$22,259,980$20,966,984$27,210,032
78$29,853,509$23,301,190$21,619,849$29,439,329
79$32,847,478$24,391,860$22,293,025$31,876,860
80$36,145,223$25,534,363$22,987,144$34,543,166
81$39,777,677$26,731,189$23,702,855$37,460,852
82$43,778,930$27,984,947$24,440,831$40,654,805
83$48,186,545$29,298,373$25,201,762$44,152,418
84$53,041,914$30,674,335$25,986,363$47,983,848
85$58,390,652$32,115,839$26,795,368$52,182,300
86$64,283,022$33,626,040$27,629,537$56,784,329
87$70,774,415$35,208,240$28,489,651$61,830,186
88$77,925,867$36,865,906$29,376,517$67,364,192
89$85,804,640$38,602,670$30,290,965$73,435,151
90$94,484,854$40,422,341$31,233,852$80,096,809
91$104,048,186$42,328,912$32,206,063$87,408,350
92$114,584,642$44,326,571$33,208,508$95,434,956
93$126,193,409$46,419,706$34,242,126$104,248,414
94$138,983,786$48,612,920$35,307,886$113,927,785
95$153,076,218$50,911,040$36,406,787$124,560,150
96$168,603,436$53,319,124$37,539,857$136,241,422
97$185,711,703$55,842,478$38,708,159$149,077,246
98$204,562,201$58,486,663$39,912,786$163,183,991
99$225,332,548$61,257,513$41,154,868$178,689,836
100$248,218,479$64,161,142$42,435,567$195,735,981