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%13.6%
1 years$825,791$818,435$811,258$804,254$797,414$785,498
2 years$408,807$401,194$393,815$386,660$379,721$367,742
3 years$269,831$262,184$254,824$247,737$240,911$229,242
4 years$200,356$192,733$185,447$178,481$171,819$160,551
5 years$158,683$151,105$143,914$137,090$130,614$119,779
6 years$130,909$123,389$116,304$109,632$103,351$92,961
7 years$111,079$103,622$96,649$90,135$84,052$74,111
8 years$96,213$88,823$81,966$75,612$69,729$60,236
9 years$84,656$77,336$70,598$64,404$58,722$49,671
10 years$75,417$68,168$61,549$55,517$50,034$41,419
11 years$67,862$60,686$54,186$48,317$43,031$34,843
12 years$61,571$54,469$48,089$42,380$37,290$29,519
13 years$56,251$49,224$42,964$37,415$32,517$25,153
14 years$51,696$44,743$38,604$33,213$28,505$21,535
15 years$47,752$40,874$34,854$29,620$25,098$18,510
16 years$44,304$37,501$31,600$26,522$22,181$15,963
17 years$41,265$34,537$28,755$23,830$19,668$13,805
18 years$38,566$31,914$26,250$21,475$17,487$11,967
19 years$36,155$29,577$24,030$19,405$15,587$10,395
20 years$33,987$27,484$22,054$17,575$13,923$9,045
21 years$32,028$25,601$20,285$15,950$12,459$7,882
22 years$30,250$23,897$18,696$14,502$11,168$6,878
23 years$28,629$22,351$17,262$13,208$10,025$6,008
24 years$27,145$20,941$15,965$12,046$9,011$5,254
25 years$25,782$19,652$14,787$11,001$8,108$4,598
26 years$24,525$18,470$13,714$10,059$7,304$4,026
27 years$23,364$17,382$12,734$9,207$6,585$3,528
28 years$22,288$16,379$11,838$8,436$5,942$3,094
29 years$21,288$15,452$11,017$7,736$5,365$2,714
30 years$20,356$14,593$10,262$7,099$4,848$2,382
31 years$19,486$13,795$9,567$6,520$4,383$2,091
32 years$18,672$13,053$8,926$5,992$3,965$1,836
33 years$17,909$12,361$8,334$5,510$3,588$1,613
34 years$17,192$11,716$7,787$5,070$3,248$1,418
35 years$16,518$11,112$7,280$4,667$2,942$1,246
36 years$15,882$10,547$6,810$4,298$2,666$1,095
37 years$15,283$10,017$6,374$3,960$2,416$963
38 years$14,716$9,520$5,969$3,650$2,190$847
39 years$14,180$9,053$5,593$3,366$1,986$745
40 years$13,672$8,613$5,242$3,105$1,802$655
41 years$13,189$8,199$4,915$2,864$1,635$576
42 years$12,731$7,808$4,611$2,643$1,483$507
43 years$12,296$7,439$4,327$2,440$1,346$446
44 years$11,881$7,091$4,061$2,253$1,222$392
45 years$11,486$6,762$3,813$2,081$1,109$345
46 years$11,110$6,451$3,582$1,922$1,007$304
47 years$10,750$6,156$3,365$1,776$914$267
48 years$10,406$5,877$3,162$1,641$830$235
49 years$10,078$5,612$2,972$1,516$754$207
50 years$9,763$5,361$2,794$1,402$685$182

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 $4,167 every year, while hoping to spend $58,068 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: 52/38/10 Blend
73$10,000,000$10,000,000$10,000,000$10,000,000
74$11,024,298$10,494,298$10,339,298$11,568,845
75$12,086,993$10,946,735$10,623,881$12,392,530
76$13,256,136$11,419,395$10,916,051$13,281,250
77$14,542,524$11,913,208$11,216,001$14,246,396
78$15,958,053$12,429,146$11,523,929$15,295,194
79$17,515,831$12,968,230$11,840,036$16,435,582
80$19,230,298$13,531,526$12,164,530$17,676,283
81$21,117,368$14,120,151$12,497,621$19,026,882
82$23,194,575$14,735,274$12,839,527$20,497,917
83$25,481,239$15,378,120$13,190,469$22,100,970
84$27,998,649$16,049,971$13,550,673$23,848,774
85$30,770,261$16,752,170$13,920,371$25,755,330
86$33,821,925$17,486,123$14,299,800$27,836,037
87$37,182,120$18,253,302$14,689,202$30,107,826
88$40,882,232$19,055,249$15,088,826$32,589,323
89$44,956,842$19,893,579$15,498,924$35,301,015
90$49,444,059$20,769,983$15,919,757$38,265,440
91$54,385,872$21,686,231$16,351,588$41,507,394
92$59,828,554$22,644,179$16,794,689$45,054,160
93$65,823,091$23,645,770$17,249,336$48,935,759
94$72,425,671$24,693,037$17,715,813$53,185,228
95$79,698,205$25,788,111$18,194,409$57,838,926
96$87,708,919$26,933,226$18,685,419$62,936,868
97$96,532,993$28,130,718$19,189,144$68,523,100
98$106,253,272$29,383,037$19,705,894$74,646,103
99$116,961,048$30,692,748$20,235,984$81,359,247
100$128,756,920$32,062,538$20,779,735$88,721,283