Can I retire at age 74 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$867,080$859,357$851,821$844,466$837,285$816,712
2 years$429,248$421,253$413,506$405,993$398,707$378,107
3 years$283,323$275,294$267,565$260,124$252,956$232,974
4 years$210,374$202,370$194,719$187,405$180,410$161,199
5 years$166,617$158,661$151,110$143,945$137,145$118,758
6 years$137,455$129,558$122,119$115,114$108,518$90,973
7 years$116,633$108,803$101,482$94,641$88,254$71,554
8 years$101,023$93,264$86,065$79,392$73,216$57,353
9 years$88,889$81,203$74,127$67,625$61,658$46,620
10 years$79,187$71,577$64,626$58,293$52,536$38,305
11 years$71,255$63,720$56,896$50,732$45,183$31,738
12 years$64,649$57,192$50,493$44,499$39,154$26,474
13 years$59,064$51,685$45,113$39,286$34,143$22,202
14 years$54,281$46,980$40,534$34,874$29,930$18,701
15 years$50,139$42,917$36,597$31,101$26,353$15,810
16 years$46,519$39,376$33,180$27,848$23,290$13,405
17 years$43,328$36,264$30,193$25,021$20,651$11,395
18 years$40,494$33,509$27,562$22,549$18,362$9,707
19 years$37,962$31,056$25,232$20,375$16,366$8,283
20 years$35,686$28,859$23,156$18,453$14,619$7,078
21 years$33,630$26,881$21,299$16,748$13,082$6,057
22 years$31,762$25,092$19,631$15,227$11,726$5,188
23 years$30,060$23,468$18,125$13,868$10,526$4,448
24 years$28,502$21,988$16,763$12,648$9,461$3,817
25 years$27,071$20,635$15,526$11,551$8,514$3,277
26 years$25,752$19,393$14,399$10,562$7,669$2,815
27 years$24,532$18,251$13,371$9,668$6,914$2,420
28 years$23,402$17,198$12,430$8,858$6,239$2,081
29 years$22,352$16,225$11,567$8,123$5,633$1,790
30 years$21,373$15,322$10,775$7,454$5,090$1,540
31 years$20,460$14,485$10,045$6,846$4,602$1,325
32 years$19,605$13,706$9,372$6,292$4,163$1,141
33 years$18,804$12,979$8,751$5,786$3,767$982
34 years$18,051$12,301$8,176$5,324$3,411$846
35 years$17,344$11,668$7,644$4,901$3,089$729
36 years$16,676$11,074$7,151$4,513$2,799$628
37 years$16,047$10,518$6,693$4,158$2,537$541
38 years$15,452$9,996$6,268$3,833$2,300$466
39 years$14,889$9,505$5,872$3,534$2,086$401
40 years$14,355$9,043$5,504$3,260$1,892$346
41 years$13,849$8,608$5,161$3,008$1,716$298
42 years$13,368$8,198$4,841$2,776$1,557$257
43 years$12,911$7,811$4,543$2,562$1,413$221
44 years$12,475$7,446$4,264$2,366$1,283$191
45 years$12,061$7,100$4,004$2,185$1,165$164
46 years$11,665$6,773$3,761$2,018$1,057$142
47 years$11,288$6,464$3,533$1,865$960$122
48 years$10,927$6,171$3,320$1,723$872$105
49 years$10,582$5,893$3,121$1,592$792$91
50 years$10,252$5,629$2,934$1,472$719$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,500,000, adding $5,724 every year, while hoping to spend $43,950 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: 62/19/19 Blend
73$10,500,000$10,500,000$10,500,000$10,500,000
74$11,576,904$11,020,404$10,857,654$12,237,878
75$12,710,986$11,513,642$11,174,623$13,177,433
76$13,959,271$12,029,575$11,500,738$14,197,296
77$15,333,362$12,569,269$11,836,257$15,309,700
78$16,846,043$13,133,841$12,181,450$16,523,657
79$18,511,400$13,724,460$12,536,590$17,849,076
80$20,344,957$14,342,352$12,901,959$19,296,865
81$22,363,816$14,988,801$13,277,848$20,879,021
82$24,586,824$15,665,152$13,664,555$22,608,749
83$27,034,749$16,372,813$14,062,387$24,500,578
84$29,730,475$17,113,262$14,471,658$26,570,500
85$32,699,217$17,888,046$14,892,693$28,836,115
86$35,968,763$18,698,786$15,325,823$31,316,798
87$39,569,730$19,547,179$15,771,392$34,033,874
88$43,535,859$20,435,007$16,229,749$37,010,819
89$47,904,328$21,364,135$16,701,258$40,273,478
90$52,716,107$22,336,515$17,186,288$43,850,305
91$58,016,342$23,354,196$17,685,221$47,772,630
92$63,854,782$24,419,325$18,198,448$52,074,947
93$70,286,247$25,534,149$18,726,373$56,795,240
94$77,371,147$26,701,025$19,269,410$61,975,334
95$85,176,052$27,922,423$19,827,983$67,661,287
96$93,774,317$29,200,930$20,402,529$73,903,823
97$103,246,781$30,539,259$20,993,496$80,758,799
98$113,682,522$31,940,252$21,601,348$88,287,737
99$125,179,702$33,406,887$22,226,556$96,558,392
100$137,846,493$34,942,286$22,869,607$105,645,389