Can I retire at age 74 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,496,154
2 years$776,734$762,268$748,248$734,655$721,470$702,420
3 years$512,679$498,150$484,166$470,701$457,730$439,154
4 years$380,677$366,193$352,349$339,113$326,457$308,498
5 years$301,497$287,100$273,437$260,471$248,167$230,878
6 years$248,727$234,439$220,978$208,301$196,366$179,768
7 years$211,050$196,881$183,634$171,256$159,698$143,797
8 years$182,804$168,764$155,736$143,662$132,485$117,279
9 years$160,847$146,939$134,135$122,368$111,572$97,054
10 years$143,292$129,520$116,942$105,483$95,065$81,226
11 years$128,937$115,304$102,954$91,802$81,759$68,586
12 years$116,984$103,490$91,369$80,522$70,850$58,329
13 years$106,878$93,525$81,632$71,089$61,783$49,897
14 years$98,223$85,012$73,347$63,105$54,159$42,891
15 years$90,728$77,660$66,222$56,279$47,686$37,018
16 years$84,177$71,251$60,040$50,391$42,145$32,057
17 years$78,403$65,620$54,634$45,276$37,368$27,841
18 years$73,276$60,636$49,874$40,803$33,226$24,239
19 years$68,694$56,197$45,657$36,869$29,615$21,147
20 years$64,575$52,221$41,902$33,392$26,453$18,483
21 years$60,853$48,641$38,542$30,305$23,672$16,180
22 years$57,475$45,405$35,522$27,554$21,219$14,183
23 years$54,394$42,466$32,798$25,094$19,047$12,447
24 years$51,575$39,788$30,333$22,888$17,120$10,934
25 years$48,985$37,339$28,094$20,902$15,406$9,614
26 years$46,598$35,093$26,056$19,112$13,877$8,460
27 years$44,392$33,026$24,195$17,494$12,511$7,449
28 years$42,347$31,121$22,493$16,028$11,289$6,564
29 years$40,446$29,359$20,931$14,698$10,194$5,786
30 years$38,676$27,726$19,497$13,489$9,211$5,103
31 years$37,023$26,211$18,176$12,389$8,327$4,502
32 years$35,476$24,800$16,959$11,385$7,533$3,974
33 years$34,026$23,486$15,835$10,470$6,817$3,508
34 years$32,665$22,260$14,795$9,633$6,172$3,098
35 years$31,384$21,113$13,832$8,868$5,590$2,737
36 years$30,176$20,039$12,940$8,167$5,065$2,418
37 years$29,037$19,033$12,111$7,525$4,591$2,137
38 years$27,961$18,088$11,342$6,936$4,162$1,889
39 years$26,942$17,200$10,626$6,395$3,774$1,669
40 years$25,976$16,364$9,960$5,899$3,423$1,476
41 years$25,060$15,577$9,339$5,442$3,106$1,305
42 years$24,190$14,835$8,760$5,023$2,818$1,154
43 years$23,362$14,135$8,220$4,636$2,558$1,021
44 years$22,575$13,474$7,716$4,281$2,321$903
45 years$21,824$12,848$7,245$3,954$2,107$798
46 years$21,108$12,257$6,805$3,652$1,913$706
47 years$20,425$11,697$6,393$3,374$1,738$625
48 years$19,772$11,166$6,008$3,118$1,578$553
49 years$19,148$10,663$5,647$2,881$1,433$489
50 years$18,551$10,186$5,309$2,663$1,302$432

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $19,000,000, adding $2,648 every year, while hoping to spend $37,217 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: 66/26/8 Blend
73$19,000,000$19,000,000$19,000,000$19,000,000
74$20,940,731$19,933,731$19,639,231$22,290,884
75$23,037,087$20,870,886$20,257,547$24,125,830
76$25,346,024$21,852,713$20,895,329$26,125,785
77$27,889,186$22,881,363$21,553,190$28,310,530
78$30,690,423$23,959,090$22,231,762$30,698,079
79$33,776,018$25,088,257$22,931,697$33,308,246
80$37,174,931$26,271,341$23,653,668$36,162,827
81$40,919,076$27,510,939$24,398,369$39,285,800
82$45,043,622$28,809,775$25,166,514$42,703,544
83$49,587,322$30,170,704$25,958,843$46,445,085
84$54,592,880$31,596,721$26,776,115$50,542,364
85$60,107,357$33,090,963$27,619,118$55,030,528
86$66,182,609$34,656,722$28,488,660$59,948,260
87$72,875,783$36,297,448$29,385,578$65,338,133
88$80,249,850$38,016,761$30,310,732$71,247,007
89$88,374,205$39,818,453$31,265,012$77,726,461
90$97,325,319$41,706,502$32,249,335$84,833,275
91$107,187,461$43,685,080$33,264,647$92,629,955
92$118,053,492$45,758,559$34,311,923$101,185,316
93$130,025,745$47,931,525$35,392,169$110,575,119
94$143,216,988$50,208,787$36,506,424$120,882,782
95$157,751,489$52,595,385$37,655,757$132,200,149
96$173,766,190$55,096,608$38,841,274$144,628,355
97$191,411,998$57,717,999$40,064,113$158,278,764
98$210,855,211$60,465,369$41,325,450$173,274,011
99$232,279,085$63,344,815$42,626,495$189,749,145
100$255,885,569$66,362,729$43,968,500$207,852,893