Can I retire at age 74 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,477,364
2 years$788,998$774,304$760,063$746,255$732,861$671,529
3 years$520,774$506,016$491,811$478,133$464,957$405,869
4 years$386,688$371,975$357,912$344,468$331,612$275,217
5 years$306,257$291,633$277,755$264,584$252,086$198,528
6 years$252,655$238,140$224,467$211,590$199,467$148,779
7 years$214,382$199,990$186,533$173,960$162,220$114,383
8 years$185,691$171,428$158,195$145,931$134,577$89,542
9 years$163,387$149,259$136,253$124,301$113,333$71,031
10 years$145,554$131,565$118,789$107,148$96,566$56,912
11 years$130,973$117,124$104,580$93,251$83,050$45,952
12 years$118,831$105,124$92,812$81,794$71,969$37,326
13 years$108,565$95,002$82,921$72,212$62,759$30,463
14 years$99,774$86,354$74,505$64,101$55,014$24,957
15 years$92,161$78,886$67,268$57,167$48,438$20,509
16 years$85,506$72,376$60,988$51,187$42,810$16,895
17 years$79,641$66,656$55,497$45,991$37,958$13,947
18 years$74,433$61,593$50,662$41,447$33,751$11,531
19 years$69,778$57,084$46,378$37,451$30,083$9,547
20 years$65,595$53,045$42,564$33,919$26,871$7,914
21 years$61,814$49,409$39,150$30,784$24,046$6,565
22 years$58,382$46,122$36,083$27,990$21,554$5,451
23 years$55,253$43,137$33,316$25,491$19,348$4,529
24 years$52,389$40,416$30,812$23,249$17,390$3,764
25 years$49,758$37,929$28,538$21,232$15,649$3,130
26 years$47,334$35,647$26,468$19,414$14,096$2,604
27 years$45,093$33,548$24,578$17,770$12,709$2,167
28 years$43,015$31,612$22,848$16,281$11,467$1,803
29 years$41,085$29,822$21,262$14,930$10,355$1,501
30 years$39,286$28,164$19,805$13,702$9,356$1,250
31 years$37,607$26,624$18,463$12,584$8,459$1,041
32 years$36,036$25,192$17,227$11,565$7,652$867
33 years$34,563$23,857$16,085$10,635$6,925$722
34 years$33,180$22,611$15,029$9,785$6,269$602
35 years$31,879$21,446$14,051$9,008$5,678$501
36 years$30,653$20,356$13,144$8,296$5,145$417
37 years$29,496$19,333$12,303$7,644$4,663$348
38 years$28,402$18,374$11,521$7,045$4,228$290
39 years$27,367$17,471$10,794$6,496$3,834$241
40 years$26,386$16,623$10,117$5,992$3,477$201
41 years$25,456$15,823$9,487$5,528$3,155$168
42 years$24,572$15,070$8,899$5,102$2,863$140
43 years$23,731$14,358$8,350$4,710$2,598$116
44 years$22,931$13,686$7,838$4,349$2,358$97
45 years$22,169$13,051$7,360$4,016$2,141$81
46 years$21,442$12,450$6,912$3,710$1,944$67
47 years$20,748$11,881$6,494$3,427$1,765$56
48 years$20,085$11,342$6,103$3,167$1,603$47
49 years$19,450$10,831$5,736$2,927$1,456$39
50 years$18,844$10,347$5,393$2,705$1,322$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $19,300,000, adding $5,300 every year, while hoping to spend $52,191 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: 63/24/13 Blend
73$19,300,000$19,300,000$19,300,000$19,300,000
74$21,274,067$20,251,167$19,952,017$22,548,381
75$23,388,491$21,187,943$20,564,879$24,339,428
76$25,716,837$22,168,872$21,196,522$26,287,869
77$28,280,870$23,196,063$21,847,521$28,414,190
78$31,104,573$24,271,724$22,518,468$30,735,678
79$34,214,374$25,398,174$23,209,971$33,271,344
80$37,639,395$26,577,839$23,922,659$36,042,104
81$41,411,725$27,813,264$24,657,180$39,070,963
82$45,566,726$29,107,119$25,414,201$42,383,234
83$50,143,363$30,462,200$26,194,408$46,006,765
84$55,184,576$31,881,437$26,998,510$49,972,200
85$60,737,680$33,367,905$27,827,238$54,313,260
86$66,854,816$34,924,824$28,681,342$59,067,058
87$73,593,438$36,555,572$29,561,599$64,274,436
88$81,016,863$38,263,689$30,468,806$69,980,349
89$89,194,859$40,052,885$31,403,787$76,234,283
90$98,204,310$41,927,052$32,367,389$83,090,706
91$108,129,939$43,890,268$33,360,487$90,609,585
92$119,065,110$45,946,808$34,383,980$98,856,933
93$131,112,705$48,101,155$35,438,797$107,905,433
94$144,386,097$50,358,008$36,525,893$117,835,106
95$159,010,222$52,722,294$37,646,254$128,734,063
96$175,122,755$55,199,177$38,800,894$140,699,324
97$192,875,412$57,794,072$39,990,859$153,837,721
98$212,435,379$60,512,656$41,217,228$168,266,902
99$233,986,893$63,360,881$42,481,110$184,116,421
100$257,732,979$66,344,987$43,783,650$201,528,955