Can I retire at age 74 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$842,306$834,804$827,484$820,339$813,362$786,382
2 years$416,983$409,217$401,691$394,394$387,315$360,395
3 years$275,228$267,428$259,921$252,692$245,729$219,714
4 years$204,364$196,588$189,156$182,050$175,256$150,345
5 years$161,856$154,127$146,793$139,832$133,227$109,486
6 years$133,527$125,857$118,630$111,825$105,418$82,867
7 years$113,300$105,694$98,582$91,937$85,733$64,369
8 years$98,137$90,599$83,606$77,124$71,124$50,931
9 years$86,349$78,883$72,009$65,692$59,896$40,850
10 years$76,925$69,532$62,779$56,628$51,035$33,105
11 years$69,219$61,900$55,270$49,283$43,892$27,045
12 years$62,802$55,558$49,051$43,228$38,036$22,233
13 years$57,377$50,208$43,824$38,164$33,168$18,371
14 years$52,730$45,638$39,376$33,877$29,075$15,241
15 years$48,707$41,691$35,551$30,213$25,600$12,686
16 years$45,190$38,251$32,232$27,052$22,625$10,588
17 years$42,090$35,227$29,330$24,306$20,061$8,857
18 years$39,337$32,552$26,775$21,905$17,837$7,422
19 years$36,878$30,169$24,511$19,793$15,899$6,230
20 years$34,667$28,034$22,495$17,926$14,201$5,236
21 years$32,669$26,113$20,691$16,269$12,708$4,405
22 years$30,855$24,375$19,070$14,792$11,391$3,709
23 years$29,201$22,798$17,608$13,472$10,225$3,125
24 years$27,688$21,360$16,284$12,287$9,191$2,635
25 years$26,297$20,045$15,082$11,221$8,270$2,223
26 years$25,016$18,839$13,988$10,260$7,450$1,876
27 years$23,831$17,730$12,989$9,391$6,716$1,584
28 years$22,734$16,707$12,075$8,604$6,060$1,338
29 years$21,713$15,761$11,237$7,890$5,472$1,130
30 years$20,763$14,885$10,467$7,241$4,945$955
31 years$19,875$14,071$9,758$6,651$4,470$807
32 years$19,045$13,314$9,104$6,112$4,044$682
33 years$18,267$12,609$8,501$5,621$3,660$577
34 years$17,536$11,950$7,943$5,172$3,313$488
35 years$16,848$11,334$7,426$4,761$3,001$412
36 years$16,200$10,758$6,947$4,384$2,719$349
37 years$15,588$10,218$6,502$4,040$2,464$295
38 years$15,010$9,710$6,089$3,723$2,234$249
39 years$14,463$9,234$5,704$3,433$2,026$211
40 years$13,945$8,785$5,347$3,167$1,838$178
41 years$13,453$8,363$5,014$2,922$1,667$151
42 years$12,986$7,964$4,703$2,696$1,513$128
43 years$12,542$7,588$4,413$2,489$1,373$108
44 years$12,119$7,233$4,142$2,298$1,246$91
45 years$11,716$6,898$3,890$2,122$1,131$77
46 years$11,332$6,580$3,653$1,961$1,027$65
47 years$10,965$6,279$3,432$1,811$933$55
48 years$10,615$5,994$3,225$1,674$847$47
49 years$10,279$5,724$3,032$1,547$769$40
50 years$9,959$5,468$2,850$1,430$699$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,200,000, adding $5,888 every year, while hoping to spend $59,777 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: 56/20/24 Blend
73$10,200,000$10,200,000$10,200,000$10,200,000
74$11,246,473$10,705,873$10,547,773$11,802,330
75$12,330,012$11,166,859$10,837,522$12,644,810
76$13,522,067$11,648,429$11,134,973$13,555,415
77$14,833,645$12,151,530$11,440,322$14,546,261
78$16,276,873$12,677,151$11,753,769$15,625,088
79$17,865,112$13,226,329$12,075,517$16,800,410
80$19,613,082$13,800,148$12,405,776$18,081,592
81$21,537,006$14,399,745$12,744,759$19,478,936
82$23,654,757$15,026,308$13,092,685$21,003,776
83$25,986,029$15,681,085$13,449,777$22,668,583
84$28,552,524$16,365,377$13,816,264$24,487,078
85$31,378,152$17,080,552$14,192,380$26,474,364
86$34,489,262$17,828,038$14,578,363$28,647,059
87$37,914,888$18,609,332$14,974,460$31,023,456
88$41,687,021$19,426,004$15,380,918$33,623,688
89$45,840,912$20,279,694$15,797,995$36,469,918
90$50,415,408$21,172,122$16,225,950$39,586,544
91$55,453,313$22,105,088$16,665,052$43,000,426
92$61,001,793$23,080,480$17,115,574$46,741,135
93$67,112,823$24,100,271$17,577,793$50,841,230
94$73,843,677$25,166,530$18,051,995$55,336,560
95$81,257,467$26,281,425$18,538,472$60,266,599
96$89,423,738$27,447,224$19,037,520$65,674,816
97$98,419,126$28,666,305$19,549,444$71,609,078
98$108,328,080$29,941,157$20,074,553$78,122,101
99$119,243,659$31,274,388$20,613,165$85,271,939
100$131,268,409$32,668,730$21,165,603$93,122,528