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

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$834,049$826,619$819,371$812,296$805,388$790,420
2 years$412,895$405,206$397,753$390,527$383,518$368,494
3 years$272,529$264,806$257,372$250,214$243,320$228,708
4 years$202,360$194,661$187,301$180,265$173,538$159,451
5 years$160,269$152,616$145,353$138,461$131,921$118,398
6 years$132,218$124,623$117,467$110,728$104,384$91,442
7 years$112,190$104,658$97,616$91,036$84,892$72,533
8 years$97,175$89,711$82,786$76,368$70,426$58,648
9 years$85,503$78,110$71,303$65,048$59,309$48,104
10 years$76,171$68,850$62,164$56,072$50,534$39,892
11 years$68,540$61,293$54,728$48,800$43,461$33,369
12 years$62,186$55,013$48,570$42,804$37,663$28,107
13 years$56,814$49,716$43,394$37,789$32,843$23,808
14 years$52,213$45,190$38,990$33,545$28,790$20,260
15 years$48,229$41,282$35,202$29,917$25,349$17,307
16 years$44,747$37,876$31,916$26,787$22,403$14,832
17 years$41,677$34,882$29,042$24,068$19,864$12,745
18 years$38,952$32,233$26,512$21,690$17,662$10,976
19 years$36,516$29,873$24,270$19,599$15,743$9,471
20 years$34,327$27,759$22,274$17,750$14,062$8,186
21 years$32,348$25,857$20,488$16,110$12,584$7,085
22 years$30,552$24,136$18,883$14,647$11,280$6,140
23 years$28,915$22,574$17,435$13,340$10,125$5,326
24 years$27,416$21,151$16,124$12,167$9,101$4,625
25 years$26,039$19,849$14,934$11,111$8,189$4,018
26 years$24,771$18,655$13,851$10,159$7,377$3,494
27 years$23,598$17,556$12,862$9,299$6,651$3,040
28 years$22,511$16,543$11,957$8,520$6,001$2,646
29 years$21,500$15,607$11,127$7,813$5,419$2,304
30 years$20,559$14,739$10,364$7,170$4,896$2,007
31 years$19,680$13,933$9,662$6,586$4,427$1,749
32 years$18,858$13,183$9,015$6,052$4,004$1,525
33 years$18,088$12,485$8,417$5,566$3,624$1,329
34 years$17,364$11,833$7,865$5,121$3,281$1,159
35 years$16,683$11,223$7,353$4,714$2,972$1,011
36 years$16,041$10,653$6,878$4,341$2,692$882
37 years$15,436$10,117$6,438$4,000$2,440$770
38 years$14,863$9,615$6,029$3,687$2,212$672
39 years$14,322$9,143$5,649$3,400$2,006$586
40 years$13,808$8,699$5,294$3,136$1,820$512
41 years$13,321$8,281$4,964$2,893$1,651$447
42 years$12,859$7,886$4,657$2,670$1,498$390
43 years$12,419$7,514$4,370$2,465$1,360$340
44 years$12,000$7,162$4,102$2,276$1,234$297
45 years$11,601$6,830$3,851$2,102$1,120$259
46 years$11,221$6,515$3,617$1,941$1,017$226
47 years$10,858$6,218$3,398$1,794$924$198
48 years$10,511$5,936$3,194$1,657$839$173
49 years$10,179$5,668$3,002$1,532$762$151
50 years$9,861$5,415$2,822$1,416$692$132

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 $6,206 every year, while hoping to spend $27,465 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: 90/5/5 Blend
73$10,100,000$10,100,000$10,100,000$10,100,000
74$11,136,601$10,601,301$10,444,751$12,140,438
75$12,243,312$11,091,543$10,765,428$13,283,775
76$13,461,987$11,604,885$11,095,927$14,536,549
77$14,804,017$12,142,432$11,436,548$15,913,461
78$16,281,955$12,705,339$11,787,600$17,427,039
79$17,909,632$13,294,819$12,149,403$19,091,080
80$19,702,290$13,912,140$12,522,283$20,920,786
81$21,676,725$14,558,636$12,906,581$22,932,900
82$23,851,443$15,235,701$13,302,643$25,145,870
83$26,246,838$15,944,799$13,710,830$27,580,018
84$28,885,384$16,687,462$14,131,511$30,257,733
85$31,791,845$17,465,300$14,565,068$33,203,679
86$34,993,509$18,279,996$15,011,895$36,445,031
87$38,520,449$19,133,317$15,472,395$40,011,727
88$42,405,801$20,027,116$15,946,986$43,936,751
89$46,686,081$20,963,333$16,436,099$48,256,445
90$51,401,529$21,944,004$16,940,175$53,010,846
91$56,596,486$22,971,262$17,459,673$58,244,071
92$62,319,818$24,047,343$17,995,062$64,004,723
93$68,625,369$25,174,594$18,546,826$70,346,355
94$75,572,479$26,355,470$19,115,467$77,327,974
95$83,226,533$27,592,550$19,701,497$85,014,592
96$91,659,590$28,888,536$20,305,447$93,477,846
97$100,951,054$30,246,259$20,927,865$102,796,664
98$111,188,425$31,668,689$21,569,312$113,058,017
99$122,468,129$33,158,940$22,230,369$124,357,732
100$134,896,426$34,720,276$22,911,634$136,801,399