Can I retire at age 74 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$825,791$818,435$811,258$804,254$797,414$793,720
2 years$408,807$401,194$393,815$386,660$379,721$375,992
3 years$269,831$262,184$254,824$247,737$240,911$237,263
4 years$200,356$192,733$185,447$178,481$171,819$168,280
5 years$158,683$151,105$143,914$137,090$130,614$127,195
6 years$130,909$123,389$116,304$109,632$103,351$100,055
7 years$111,079$103,622$96,649$90,135$84,052$80,881
8 years$96,213$88,823$81,966$75,612$69,729$66,684
9 years$84,656$77,336$70,598$64,404$58,722$55,802
10 years$75,417$68,168$61,549$55,517$50,034$47,238
11 years$67,862$60,686$54,186$48,317$43,031$40,356
12 years$61,571$54,469$48,089$42,380$37,290$34,735
13 years$56,251$49,224$42,964$37,415$32,517$30,079
14 years$51,696$44,743$38,604$33,213$28,505$26,181
15 years$47,752$40,874$34,854$29,620$25,098$22,886
16 years$44,304$37,501$31,600$26,522$22,181$20,078
17 years$41,265$34,537$28,755$23,830$19,668$17,670
18 years$38,566$31,914$26,250$21,475$17,487$15,592
19 years$36,155$29,577$24,030$19,405$15,587$13,790
20 years$33,987$27,484$22,054$17,575$13,923$12,222
21 years$32,028$25,601$20,285$15,950$12,459$10,850
22 years$30,250$23,897$18,696$14,502$11,168$9,647
23 years$28,629$22,351$17,262$13,208$10,025$8,590
24 years$27,145$20,941$15,965$12,046$9,011$7,657
25 years$25,782$19,652$14,787$11,001$8,108$6,832
26 years$24,525$18,470$13,714$10,059$7,304$6,103
27 years$23,364$17,382$12,734$9,207$6,585$5,455
28 years$22,288$16,379$11,838$8,436$5,942$4,880
29 years$21,288$15,452$11,017$7,736$5,365$4,368
30 years$20,356$14,593$10,262$7,099$4,848$3,912
31 years$19,486$13,795$9,567$6,520$4,383$3,506
32 years$18,672$13,053$8,926$5,992$3,965$3,143
33 years$17,909$12,361$8,334$5,510$3,588$2,819
34 years$17,192$11,716$7,787$5,070$3,248$2,529
35 years$16,518$11,112$7,280$4,667$2,942$2,270
36 years$15,882$10,547$6,810$4,298$2,666$2,038
37 years$15,283$10,017$6,374$3,960$2,416$1,830
38 years$14,716$9,520$5,969$3,650$2,190$1,644
39 years$14,180$9,053$5,593$3,366$1,986$1,477
40 years$13,672$8,613$5,242$3,105$1,802$1,327
41 years$13,189$8,199$4,915$2,864$1,635$1,193
42 years$12,731$7,808$4,611$2,643$1,483$1,072
43 years$12,296$7,439$4,327$2,440$1,346$964
44 years$11,881$7,091$4,061$2,253$1,222$867
45 years$11,486$6,762$3,813$2,081$1,109$779
46 years$11,110$6,451$3,582$1,922$1,007$701
47 years$10,750$6,156$3,365$1,776$914$630
48 years$10,406$5,877$3,162$1,641$830$567
49 years$10,078$5,612$2,972$1,516$754$510
50 years$9,763$5,361$2,794$1,402$685$459

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,000,000, adding $3,910 every year, while hoping to spend $35,814 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: 86/6/8 Blend
73$10,000,000$10,000,000$10,000,000$10,000,000
74$11,024,033$10,494,033$10,339,033$11,962,646
75$12,110,379$10,970,135$10,647,285$13,051,583
76$13,306,331$11,468,365$10,964,663$14,242,722
77$14,623,033$11,989,771$11,291,435$15,550,537
78$16,072,761$12,535,448$11,627,876$16,986,754
79$17,669,043$13,106,547$11,974,271$18,564,291
80$19,426,788$13,704,270$12,330,912$20,297,376
81$21,362,421$14,329,879$12,698,098$22,201,679
82$23,494,043$14,984,698$13,076,139$24,294,466
83$25,841,599$15,670,112$13,465,353$26,594,751
84$28,427,067$16,387,573$13,866,068$29,123,482
85$31,274,666$17,138,602$14,278,619$31,903,736
86$34,411,083$17,924,795$14,703,354$34,960,935
87$37,865,727$18,747,823$15,140,630$38,323,082
88$41,671,003$19,609,438$15,590,813$42,021,032
89$45,862,620$20,511,476$16,054,280$46,088,773
90$50,479,930$21,455,860$16,531,421$50,563,752
91$55,566,293$22,444,608$17,022,634$55,487,224
92$61,169,494$23,479,833$17,528,331$60,904,642
93$67,342,188$24,563,751$18,048,936$66,866,083
94$74,142,400$25,698,682$18,584,884$73,426,720
95$81,634,068$26,887,062$19,136,621$80,647,341
96$89,887,656$28,131,440$19,704,610$88,594,921
97$98,980,806$29,434,490$20,289,325$97,343,255
98$108,999,084$30,799,016$20,891,252$106,973,649
99$120,036,776$32,227,953$21,510,894$117,575,688
100$132,197,786$33,724,381$22,148,768$129,248,081