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%13.9%
1 years$842,306$834,804$827,484$820,339$813,362$800,217
2 years$416,983$409,217$401,691$394,394$387,315$374,108
3 years$275,228$267,428$259,921$252,692$245,729$232,870
4 years$204,364$196,588$189,156$182,050$175,256$162,845
5 years$161,856$154,127$146,793$139,832$133,227$121,300
6 years$133,527$125,857$118,630$111,825$105,418$93,988
7 years$113,300$105,694$98,582$91,937$85,733$74,805
8 years$98,137$90,599$83,606$77,124$71,124$60,694
9 years$86,349$78,883$72,009$65,692$59,896$49,960
10 years$76,925$69,532$62,779$56,628$51,035$41,584
11 years$69,219$61,900$55,270$49,283$43,892$34,916
12 years$62,802$55,558$49,051$43,228$38,036$29,524
13 years$57,377$50,208$43,824$38,164$33,168$25,108
14 years$52,730$45,638$39,376$33,877$29,075$21,453
15 years$48,707$41,691$35,551$30,213$25,600$18,402
16 years$45,190$38,251$32,232$27,052$22,625$15,836
17 years$42,090$35,227$29,330$24,306$20,061$13,666
18 years$39,337$32,552$26,775$21,905$17,837$11,821
19 years$36,878$30,169$24,511$19,793$15,899$10,246
20 years$34,667$28,034$22,495$17,926$14,201$8,895
21 years$32,669$26,113$20,691$16,269$12,708$7,734
22 years$30,855$24,375$19,070$14,792$11,391$6,733
23 years$29,201$22,798$17,608$13,472$10,225$5,868
24 years$27,688$21,360$16,284$12,287$9,191$5,119
25 years$26,297$20,045$15,082$11,221$8,270$4,469
26 years$25,016$18,839$13,988$10,260$7,450$3,905
27 years$23,831$17,730$12,989$9,391$6,716$3,414
28 years$22,734$16,707$12,075$8,604$6,060$2,986
29 years$21,713$15,761$11,237$7,890$5,472$2,613
30 years$20,763$14,885$10,467$7,241$4,945$2,287
31 years$19,875$14,071$9,758$6,651$4,470$2,003
32 years$19,045$13,314$9,104$6,112$4,044$1,755
33 years$18,267$12,609$8,501$5,621$3,660$1,538
34 years$17,536$11,950$7,943$5,172$3,313$1,348
35 years$16,848$11,334$7,426$4,761$3,001$1,182
36 years$16,200$10,758$6,947$4,384$2,719$1,036
37 years$15,588$10,218$6,502$4,040$2,464$909
38 years$15,010$9,710$6,089$3,723$2,234$797
39 years$14,463$9,234$5,704$3,433$2,026$699
40 years$13,945$8,785$5,347$3,167$1,838$613
41 years$13,453$8,363$5,014$2,922$1,667$538
42 years$12,986$7,964$4,703$2,696$1,513$472
43 years$12,542$7,588$4,413$2,489$1,373$414
44 years$12,119$7,233$4,142$2,298$1,246$364
45 years$11,716$6,898$3,890$2,122$1,131$319
46 years$11,332$6,580$3,653$1,961$1,027$280
47 years$10,965$6,279$3,432$1,811$933$246
48 years$10,615$5,994$3,225$1,674$847$216
49 years$10,279$5,724$3,032$1,547$769$189
50 years$9,959$5,468$2,850$1,430$699$166

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 $4,315 every year, while hoping to spend $32,144 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: 59/14/27 Blend
73$10,200,000$10,200,000$10,200,000$10,200,000
74$11,244,851$10,704,251$10,546,151$11,825,715
75$12,357,625$11,194,558$10,865,246$12,713,208
76$13,582,824$11,707,813$11,193,953$13,676,991
77$14,931,883$12,245,107$11,532,561$14,727,600
78$16,417,399$12,807,581$11,881,366$15,873,478
79$18,053,255$13,396,434$12,240,674$17,123,911
80$19,854,750$14,012,922$12,610,799$18,489,118
81$21,838,738$14,658,359$12,992,064$19,980,342
82$24,023,796$15,334,125$13,384,805$21,609,957
83$26,430,391$16,041,665$13,789,364$23,391,579
84$29,081,078$16,782,494$14,206,095$25,340,192
85$32,000,711$17,558,199$14,635,362$27,472,292
86$35,216,677$18,370,445$15,077,541$29,806,035
87$38,759,157$19,220,975$15,533,017$32,361,407
88$42,661,407$20,111,618$16,002,188$35,160,411
89$46,960,073$21,044,291$16,485,465$38,227,269
90$51,695,541$22,021,001$16,983,268$41,588,651
91$56,912,311$23,043,855$17,496,032$45,273,921
92$62,659,421$24,115,059$18,024,204$49,315,413
93$68,990,912$25,236,927$18,568,245$53,748,730
94$75,966,332$26,411,883$19,128,628$58,613,078
95$83,651,303$27,642,470$19,705,842$63,951,633
96$92,118,138$28,931,353$20,300,390$69,811,943
97$101,446,523$30,281,325$20,912,788$76,246,373
98$111,724,273$31,695,314$21,543,570$83,312,597
99$123,048,154$33,176,389$22,193,285$91,074,136
100$135,524,803$34,727,770$22,862,498$99,600,953