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%19.8%
1 years$850,564$842,988$835,596$828,381$821,336$789,060
2 years$421,071$413,229$405,629$398,260$391,113$358,990
3 years$277,926$270,050$262,469$255,169$248,138$217,180
4 years$206,367$198,515$191,010$183,835$176,974$147,417
5 years$163,443$155,638$148,232$141,203$134,533$106,452
6 years$134,836$127,090$119,793$112,921$106,451$79,864
7 years$114,411$106,730$99,549$92,839$86,573$61,471
8 years$99,099$91,488$84,425$77,880$71,821$48,178
9 years$87,196$79,656$72,715$66,337$60,484$38,265
10 years$77,679$70,213$63,395$57,183$51,535$30,698
11 years$69,898$62,507$55,812$49,766$44,322$24,819
12 years$63,418$56,103$49,532$43,652$38,408$20,187
13 years$57,939$50,700$44,253$38,538$33,493$16,498
14 years$53,247$46,085$39,762$34,210$29,360$13,535
15 years$49,184$42,100$35,900$30,509$25,851$11,139
16 years$45,633$38,626$32,548$27,317$22,847$9,189
17 years$42,503$35,573$29,618$24,544$20,258$7,597
18 years$39,723$32,871$27,037$22,120$18,012$6,291
19 years$37,239$30,464$24,751$19,987$16,055$5,216
20 years$35,006$28,309$22,715$18,102$14,340$4,330
21 years$32,989$26,369$20,894$16,429$12,833$3,598
22 years$31,157$24,614$19,257$14,937$11,503$2,992
23 years$29,487$23,021$17,780$13,604$10,326$2,490
24 years$27,959$21,569$16,444$12,407$9,281$2,073
25 years$26,555$20,242$15,230$11,331$8,351$1,726
26 years$25,261$19,024$14,125$10,361$7,523$1,438
27 years$24,065$17,904$13,116$9,483$6,782$1,199
28 years$22,956$16,871$12,193$8,689$6,120$999
29 years$21,926$15,916$11,347$7,968$5,526$833
30 years$20,966$15,031$10,569$7,312$4,993$695
31 years$20,070$14,209$9,854$6,716$4,514$580
32 years$19,232$13,444$9,194$6,172$4,083$484
33 years$18,446$12,732$8,584$5,676$3,696$403
34 years$17,708$12,067$8,020$5,222$3,346$337
35 years$17,013$11,446$7,499$4,807$3,030$281
36 years$16,359$10,863$7,015$4,427$2,746$234
37 years$15,741$10,318$6,566$4,079$2,489$196
38 years$15,158$9,806$6,148$3,760$2,256$163
39 years$14,605$9,324$5,760$3,467$2,046$136
40 years$14,082$8,871$5,399$3,198$1,856$114
41 years$13,585$8,445$5,063$2,950$1,684$95
42 years$13,113$8,042$4,749$2,723$1,528$79
43 years$12,665$7,663$4,456$2,513$1,386$66
44 years$12,238$7,304$4,183$2,321$1,258$55
45 years$11,831$6,965$3,928$2,143$1,142$46
46 years$11,443$6,644$3,689$1,980$1,037$38
47 years$11,073$6,341$3,466$1,829$942$32
48 years$10,719$6,053$3,257$1,690$855$27
49 years$10,380$5,780$3,061$1,562$777$22
50 years$10,056$5,522$2,878$1,444$706$19

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 $6,358 every year, while hoping to spend $20,688 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: 69/24/7 Blend
73$10,300,000$10,300,000$10,300,000$10,300,000
74$11,357,158$10,811,258$10,651,608$12,127,635
75$12,493,577$11,318,998$10,986,425$13,146,209
76$13,745,216$11,850,924$11,331,765$14,256,891
77$15,123,808$12,408,199$11,687,959$15,471,273
78$16,642,278$12,992,042$12,055,347$16,799,517
79$18,314,871$13,603,733$12,434,282$18,252,801
80$20,157,284$14,244,612$12,825,127$19,843,424
81$22,186,813$14,916,084$13,228,255$21,584,920
82$24,422,519$15,619,623$13,644,052$23,492,181
83$26,885,405$16,356,774$14,072,917$25,581,594
84$29,598,617$17,129,157$14,515,261$27,871,198
85$32,587,661$17,938,470$14,971,506$30,380,844
86$35,880,641$18,786,493$15,442,091$33,132,383
87$39,508,530$19,675,095$15,927,464$36,149,868
88$43,505,457$20,606,232$16,428,092$39,459,778
89$47,909,033$21,581,957$16,944,452$43,091,262
90$52,760,704$22,604,423$17,477,041$47,076,411
91$58,106,141$23,675,885$18,026,367$51,450,561
92$63,995,674$24,798,709$18,592,957$56,252,612
93$70,484,765$25,975,378$19,177,353$61,525,402
94$77,634,531$27,208,491$19,780,114$67,316,099
95$85,512,323$28,500,777$20,401,818$73,676,643
96$94,192,360$29,855,096$21,043,059$80,664,233
97$103,756,432$31,274,447$21,704,453$88,341,858
98$114,294,667$32,761,974$22,386,631$96,778,889
99$125,906,387$34,320,974$23,090,247$106,051,726
100$138,701,043$35,954,907$23,815,975$116,244,511