Can I retire at age 74 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$850,564$842,988$835,596$828,381$821,336$798,567
2 years$421,071$413,229$405,629$398,260$391,113$368,343
3 years$277,926$270,050$262,469$255,169$248,138$226,081
4 years$206,367$198,515$191,010$183,835$176,974$155,799
5 years$163,443$155,638$148,232$141,203$134,533$114,297
6 years$134,836$127,090$119,793$112,921$106,451$87,175
7 years$114,411$106,730$99,549$92,839$86,573$68,257
8 years$99,099$91,488$84,425$77,880$71,821$54,454
9 years$87,196$79,656$72,715$66,337$60,484$44,050
10 years$77,679$70,213$63,395$57,183$51,535$36,013
11 years$69,898$62,507$55,812$49,766$44,322$29,687
12 years$63,418$56,103$49,532$43,652$38,408$24,633
13 years$57,939$50,700$44,253$38,538$33,493$20,547
14 years$53,247$46,085$39,762$34,210$29,360$17,213
15 years$49,184$42,100$35,900$30,509$25,851$14,470
16 years$45,633$38,626$32,548$27,317$22,847$12,199
17 years$42,503$35,573$29,618$24,544$20,258$10,310
18 years$39,723$32,871$27,037$22,120$18,012$8,730
19 years$37,239$30,464$24,751$19,987$16,055$7,405
20 years$35,006$28,309$22,715$18,102$14,340$6,290
21 years$32,989$26,369$20,894$16,429$12,833$5,349
22 years$31,157$24,614$19,257$14,937$11,503$4,554
23 years$29,487$23,021$17,780$13,604$10,326$3,880
24 years$27,959$21,569$16,444$12,407$9,281$3,308
25 years$26,555$20,242$15,230$11,331$8,351$2,822
26 years$25,261$19,024$14,125$10,361$7,523$2,409
27 years$24,065$17,904$13,116$9,483$6,782$2,057
28 years$22,956$16,871$12,193$8,689$6,120$1,757
29 years$21,926$15,916$11,347$7,968$5,526$1,502
30 years$20,966$15,031$10,569$7,312$4,993$1,284
31 years$20,070$14,209$9,854$6,716$4,514$1,098
32 years$19,232$13,444$9,194$6,172$4,083$939
33 years$18,446$12,732$8,584$5,676$3,696$803
34 years$17,708$12,067$8,020$5,222$3,346$687
35 years$17,013$11,446$7,499$4,807$3,030$588
36 years$16,359$10,863$7,015$4,427$2,746$503
37 years$15,741$10,318$6,566$4,079$2,489$430
38 years$15,158$9,806$6,148$3,760$2,256$368
39 years$14,605$9,324$5,760$3,467$2,046$315
40 years$14,082$8,871$5,399$3,198$1,856$270
41 years$13,585$8,445$5,063$2,950$1,684$231
42 years$13,113$8,042$4,749$2,723$1,528$198
43 years$12,665$7,663$4,456$2,513$1,386$169
44 years$12,238$7,304$4,183$2,321$1,258$145
45 years$11,831$6,965$3,928$2,143$1,142$124
46 years$11,443$6,644$3,689$1,980$1,037$106
47 years$11,073$6,341$3,466$1,829$942$91
48 years$10,719$6,053$3,257$1,690$855$78
49 years$10,380$5,780$3,061$1,562$777$67
50 years$10,056$5,522$2,878$1,444$706$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,300,000, adding $5,702 every year, while hoping to spend $50,428 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: 48/42/10 Blend
73$10,300,000$10,300,000$10,300,000$10,300,000
74$11,356,482$10,810,582$10,650,932$11,870,396
75$12,461,188$11,286,645$10,954,083$12,700,155
76$13,676,884$11,784,346$11,265,699$13,594,816
77$15,014,837$12,304,690$11,586,012$14,565,024
78$16,487,464$12,848,733$11,915,256$15,617,838
79$18,108,444$13,417,579$12,253,676$16,761,004
80$19,892,850$14,012,386$12,601,519$18,003,033
81$21,857,292$14,634,364$12,959,041$19,353,269
82$24,020,071$15,284,783$13,326,504$20,821,980
83$26,401,354$15,964,973$13,704,178$22,420,447
84$29,023,361$16,676,326$14,092,337$24,161,066
85$31,910,579$17,420,301$14,491,266$26,057,462
86$35,089,989$18,198,426$14,901,254$28,124,609
87$38,591,321$19,012,302$15,322,599$30,378,970
88$42,447,336$19,863,606$15,755,607$32,838,646
89$46,694,136$20,754,094$16,200,591$35,523,538
90$51,371,501$21,685,608$16,657,873$38,455,533
91$56,523,265$22,660,073$17,127,783$41,658,702
92$62,197,733$23,679,512$17,610,659$45,159,520
93$68,448,134$24,746,040$18,106,848$48,987,113
94$75,333,121$25,861,874$18,616,705$53,173,519
95$82,917,331$27,029,337$19,140,596$57,753,989
96$91,271,987$28,250,863$19,678,894$62,767,310
97$100,475,576$29,529,002$20,231,984$68,256,161
98$110,614,588$30,866,426$20,800,259$74,267,510
99$121,784,330$32,265,934$21,384,121$80,853,046
100$134,089,827$33,730,461$21,983,985$88,069,658