Can I retire at age 74 with 10,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$834,049$826,619$819,371$812,296$805,388$788,161
2 years$412,895$405,206$397,753$390,527$383,518$366,246
3 years$272,529$264,806$257,372$250,214$243,320$226,541
4 years$202,360$194,661$187,301$180,265$173,538$157,383
5 years$160,269$152,616$145,353$138,461$131,921$116,434
6 years$132,218$124,623$117,467$110,728$104,384$89,584
7 years$112,190$104,658$97,616$91,036$84,892$70,780
8 years$97,175$89,711$82,786$76,368$70,426$56,998
9 years$85,503$78,110$71,303$65,048$59,309$46,555
10 years$76,171$68,850$62,164$56,072$50,534$38,441
11 years$68,540$61,293$54,728$48,800$43,461$32,014
12 years$62,186$55,013$48,570$42,804$37,663$26,843
13 years$56,814$49,716$43,394$37,789$32,843$22,632
14 years$52,213$45,190$38,990$33,545$28,790$19,168
15 years$48,229$41,282$35,202$29,917$25,349$16,295
16 years$44,747$37,876$31,916$26,787$22,403$13,896
17 years$41,677$34,882$29,042$24,068$19,864$11,880
18 years$38,952$32,233$26,512$21,690$17,662$10,180
19 years$36,516$29,873$24,270$19,599$15,743$8,739
20 years$34,327$27,759$22,274$17,750$14,062$7,513
21 years$32,348$25,857$20,488$16,110$12,584$6,468
22 years$30,552$24,136$18,883$14,647$11,280$5,575
23 years$28,915$22,574$17,435$13,340$10,125$4,810
24 years$27,416$21,151$16,124$12,167$9,101$4,153
25 years$26,039$19,849$14,934$11,111$8,189$3,589
26 years$24,771$18,655$13,851$10,159$7,377$3,103
27 years$23,598$17,556$12,862$9,299$6,651$2,685
28 years$22,511$16,543$11,957$8,520$6,001$2,323
29 years$21,500$15,607$11,127$7,813$5,419$2,012
30 years$20,559$14,739$10,364$7,170$4,896$1,742
31 years$19,680$13,933$9,662$6,586$4,427$1,510
32 years$18,858$13,183$9,015$6,052$4,004$1,308
33 years$18,088$12,485$8,417$5,566$3,624$1,134
34 years$17,364$11,833$7,865$5,121$3,281$983
35 years$16,683$11,223$7,353$4,714$2,972$853
36 years$16,041$10,653$6,878$4,341$2,692$739
37 years$15,436$10,117$6,438$4,000$2,440$641
38 years$14,863$9,615$6,029$3,687$2,212$556
39 years$14,322$9,143$5,649$3,400$2,006$483
40 years$13,808$8,699$5,294$3,136$1,820$419
41 years$13,321$8,281$4,964$2,893$1,651$363
42 years$12,859$7,886$4,657$2,670$1,498$315
43 years$12,419$7,514$4,370$2,465$1,360$274
44 years$12,000$7,162$4,102$2,276$1,234$237
45 years$11,601$6,830$3,851$2,102$1,120$206
46 years$11,221$6,515$3,617$1,941$1,017$179
47 years$10,858$6,218$3,398$1,794$924$155
48 years$10,511$5,936$3,194$1,657$839$135
49 years$10,179$5,668$3,002$1,532$762$117
50 years$9,861$5,415$2,822$1,416$692$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,100,000, adding $4,735 every year, while hoping to spend $35,336 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: 68/7/25 Blend
73$10,100,000$10,100,000$10,100,000$10,100,000
74$11,135,084$10,599,784$10,443,234$11,820,403
75$12,233,266$11,081,576$10,755,485$12,762,840
76$13,442,277$11,585,792$11,077,012$13,789,020
77$14,773,386$12,113,493$11,408,089$14,910,890
78$16,239,008$12,665,791$11,748,997$16,137,908
79$17,852,824$13,243,851$12,100,025$17,480,487
80$19,629,908$13,848,896$12,461,472$18,950,089
81$21,586,872$14,482,205$12,833,645$20,559,336
82$23,742,020$15,145,120$13,216,859$22,322,124
83$26,115,521$15,839,046$13,611,439$24,253,754
84$28,729,602$16,565,457$14,017,719$26,371,078
85$31,608,753$17,325,896$14,436,045$28,692,650
86$34,779,963$18,121,982$14,866,769$31,238,904
87$38,272,970$18,955,410$15,310,257$34,032,343
88$42,120,545$19,827,958$15,766,883$37,097,754
89$46,358,801$20,741,488$16,237,034$40,462,433
90$51,027,531$21,697,953$16,721,107$44,156,447
91$56,170,585$22,699,399$17,219,510$48,212,910
92$61,836,286$23,747,970$17,732,665$52,668,300
93$68,077,882$24,845,915$18,261,003$57,562,797
94$74,954,050$25,995,590$18,804,972$62,940,659
95$82,529,453$27,199,464$19,365,028$68,850,641
96$90,875,345$28,460,125$19,941,644$75,346,451
97$100,070,247$29,780,287$20,535,305$82,487,253
98$110,200,685$31,162,794$21,146,511$90,338,226
99$121,362,011$32,610,627$21,775,775$98,971,174
100$133,659,299$34,126,911$22,423,627$108,465,202