Can I retire at age 74 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,536,673
2 years$813,526$798,375$783,691$769,454$755,645$705,543
3 years$536,964$521,747$507,100$492,997$479,412$430,962
4 years$398,709$383,539$369,039$355,176$341,921$295,493
5 years$315,778$300,700$286,390$272,810$259,923$215,642
6 years$260,509$245,544$231,445$218,168$205,668$163,572
7 years$221,047$206,207$192,332$179,368$167,263$127,348
8 years$191,463$176,758$163,113$150,467$138,761$101,000
9 years$168,466$153,899$140,489$128,165$116,857$81,208
10 years$150,079$135,655$122,482$110,479$99,568$65,977
11 years$135,045$120,765$107,831$96,150$85,632$54,038
12 years$122,526$108,393$95,697$84,337$74,207$44,543
13 years$111,940$97,955$85,499$74,457$64,710$36,904
14 years$102,875$89,039$76,821$66,094$56,724$30,702
15 years$95,026$81,338$69,359$58,944$49,944$25,628
16 years$88,165$74,626$62,885$52,778$44,141$21,452
17 years$82,117$68,728$57,222$47,421$39,138$17,997
18 years$76,747$63,508$52,237$42,736$34,800$15,127
19 years$71,948$58,858$47,820$38,615$31,018$12,735
20 years$67,634$54,694$43,887$34,974$27,706$10,735
21 years$63,736$50,945$40,367$31,741$24,794$9,059
22 years$60,197$47,556$37,205$28,860$22,224$7,652
23 years$56,971$44,478$34,352$26,283$19,950$6,469
24 years$54,018$41,673$31,770$23,972$17,931$5,472
25 years$51,305$39,108$29,425$21,892$16,135$4,631
26 years$48,805$36,755$27,290$20,017$14,534$3,921
27 years$46,495$34,591$25,342$18,322$13,104$3,321
28 years$44,353$32,595$23,558$16,787$11,824$2,814
29 years$42,362$30,749$21,923$15,394$10,676$2,385
30 years$40,508$29,040$20,420$14,128$9,647$2,022
31 years$38,776$27,452$19,037$12,975$8,722$1,715
32 years$37,157$25,975$17,762$11,925$7,889$1,454
33 years$35,638$24,599$16,585$10,966$7,140$1,234
34 years$34,212$23,314$15,496$10,090$6,464$1,046
35 years$32,870$22,113$14,487$9,288$5,855$888
36 years$31,606$20,989$13,553$8,554$5,305$753
37 years$30,413$19,934$12,685$7,881$4,808$639
38 years$29,285$18,945$11,879$7,264$4,359$542
39 years$28,218$18,015$11,129$6,698$3,953$460
40 years$27,206$17,139$10,432$6,178$3,585$391
41 years$26,247$16,315$9,781$5,700$3,253$332
42 years$25,336$15,538$9,175$5,260$2,952$281
43 years$24,469$14,805$8,610$4,856$2,679$239
44 years$23,644$14,112$8,082$4,484$2,431$203
45 years$22,858$13,457$7,589$4,141$2,207$172
46 years$22,108$12,837$7,127$3,825$2,004$146
47 years$21,393$12,251$6,696$3,534$1,820$124
48 years$20,709$11,695$6,292$3,265$1,653$105
49 years$20,055$11,168$5,914$3,018$1,501$89
50 years$19,429$10,668$5,560$2,789$1,363$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $19,900,000, adding $5,231 every year, while hoping to spend $23,060 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: 78/13/9 Blend
73$19,900,000$19,900,000$19,900,000$19,900,000
74$21,935,196$20,880,496$20,572,046$23,615,119
75$24,148,050$21,879,104$21,236,674$25,717,863
76$26,585,843$22,925,872$21,922,794$28,019,928
77$29,271,493$24,023,134$22,631,102$30,543,993
78$32,230,257$25,173,339$23,362,315$33,312,169
79$35,489,967$26,379,057$24,117,177$36,348,798
80$39,081,292$27,642,979$24,896,451$39,680,680
81$43,038,030$28,967,931$25,700,928$43,337,327
82$47,397,425$30,356,875$26,531,424$47,351,229
83$52,200,517$31,812,917$27,388,782$51,758,168
84$57,492,534$33,339,315$28,273,871$56,597,544
85$63,323,315$34,939,484$29,187,588$61,912,746
86$69,747,782$36,617,007$30,130,861$67,751,557
87$76,826,458$38,375,643$31,104,647$74,166,602
88$84,626,037$40,219,329$32,109,933$81,215,838
89$93,220,017$42,152,200$33,147,739$88,963,099
90$102,689,389$44,178,589$34,219,119$97,478,692
91$113,123,407$46,303,040$35,325,160$106,840,055
92$124,620,425$48,530,319$36,466,983$117,132,486
93$137,288,829$50,865,426$37,645,748$128,449,937
94$151,248,060$53,313,602$38,862,651$140,895,902
95$166,629,739$55,880,346$40,118,927$154,584,381
96$183,578,913$58,571,423$41,415,851$169,640,956
97$202,255,420$61,392,880$42,754,740$186,203,965
98$222,835,401$64,351,060$44,136,952$204,425,803
99$245,512,963$67,452,613$45,563,891$224,474,355
100$270,502,010$70,704,515$47,037,006$246,534,568