Can I retire at age 74 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$875,338$867,541$859,934$852,509$845,259$813,329
2 years$433,336$425,265$417,444$409,860$402,504$370,706
3 years$286,021$277,916$270,114$262,601$255,365$224,699
4 years$212,378$204,297$196,574$189,189$182,129$152,828
5 years$168,204$160,172$152,549$145,316$138,451$110,593
6 years$138,764$130,792$123,282$116,210$109,552$83,154
7 years$117,743$109,839$102,448$95,543$89,095$64,150
8 years$101,985$94,152$86,884$80,148$73,913$50,398
9 years$89,736$81,977$74,833$68,269$62,245$40,127
10 years$79,942$72,258$65,241$58,848$53,036$32,273
11 years$71,933$64,327$57,438$51,216$45,613$26,160
12 years$65,265$57,737$50,974$44,923$39,527$21,335
13 years$59,627$52,177$45,542$39,660$34,468$17,484
14 years$54,798$47,428$40,920$35,206$30,215$14,385
15 years$50,617$43,326$36,945$31,398$26,603$11,872
16 years$46,962$39,751$33,496$28,113$23,512$9,823
17 years$43,741$36,609$30,480$25,259$20,848$8,144
18 years$40,880$33,828$27,824$22,764$18,537$6,764
19 years$38,324$31,352$25,472$20,569$16,522$5,626
20 years$36,026$29,134$23,377$18,629$14,758$4,685
21 years$33,950$27,137$21,502$16,907$13,207$3,905
22 years$32,065$25,331$19,818$15,373$11,838$3,257
23 years$30,346$23,692$18,298$14,000$10,626$2,719
24 years$28,773$22,198$16,923$12,769$9,551$2,271
25 years$27,328$20,831$15,674$11,661$8,595$1,897
26 years$25,997$19,578$14,537$10,662$7,742$1,586
27 years$24,766$18,425$13,499$9,760$6,980$1,326
28 years$23,625$17,362$12,549$8,942$6,298$1,109
29 years$22,565$16,379$11,678$8,200$5,687$928
30 years$21,577$15,468$10,877$7,525$5,139$776
31 years$20,655$14,623$10,141$6,912$4,646$650
32 years$19,792$13,836$9,461$6,352$4,202$544
33 years$18,983$13,103$8,834$5,841$3,803$455
34 years$18,223$12,419$8,254$5,374$3,443$381
35 years$17,509$11,779$7,717$4,947$3,119$319
36 years$16,835$11,180$7,219$4,556$2,826$267
37 years$16,200$10,618$6,757$4,198$2,561$224
38 years$15,599$10,091$6,328$3,869$2,322$187
39 years$15,031$9,596$5,928$3,568$2,106$157
40 years$14,492$9,130$5,556$3,291$1,910$131
41 years$13,981$8,690$5,210$3,036$1,733$110
42 years$13,495$8,277$4,887$2,802$1,572$92
43 years$13,034$7,886$4,586$2,587$1,427$77
44 years$12,594$7,517$4,305$2,388$1,295$65
45 years$12,176$7,168$4,042$2,206$1,176$54
46 years$11,776$6,838$3,796$2,037$1,068$45
47 years$11,395$6,526$3,567$1,882$969$38
48 years$11,031$6,230$3,352$1,739$880$32
49 years$10,683$5,949$3,150$1,607$800$27
50 years$10,349$5,683$2,962$1,486$726$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,600,000, adding $2,703 every year, while hoping to spend $53,745 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: 73/12/15 Blend
73$10,600,000$10,600,000$10,600,000$10,600,000
74$11,683,988$11,122,188$10,957,888$12,497,871
75$12,818,571$11,609,991$11,267,793$13,525,164
76$14,067,079$12,119,895$11,586,279$14,643,253
77$15,441,078$12,652,926$11,913,575$15,866,576
78$16,953,308$13,210,160$12,249,920$17,205,554
79$18,617,808$13,792,720$12,595,555$18,671,661
80$20,450,048$14,401,787$12,950,730$20,277,530
81$22,467,073$15,038,595$13,315,700$22,037,066
82$24,687,665$15,704,437$13,690,726$23,965,583
83$27,132,519$16,400,666$14,076,078$26,079,942
84$29,824,440$17,128,703$14,472,030$28,398,710
85$32,788,555$17,890,032$14,878,866$30,942,331
86$36,052,554$18,686,210$15,296,874$33,733,322
87$39,646,947$19,518,867$15,726,352$36,796,478
88$43,605,355$20,389,710$16,167,604$40,159,109
89$47,964,825$21,300,529$16,620,942$43,851,291
90$52,766,179$22,253,198$17,086,686$47,906,150
91$58,054,404$23,249,679$17,565,164$52,360,173
92$63,879,069$24,292,029$18,056,713$57,253,549
93$70,294,798$25,382,402$18,561,677$62,630,545
94$77,361,783$26,523,056$19,080,409$68,539,923
95$85,146,354$27,716,354$19,613,271$75,035,395
96$93,721,601$28,964,775$20,160,635$82,176,130
97$103,168,069$30,270,913$20,722,881$90,027,309
98$113,574,512$31,637,488$21,300,398$98,660,735
99$125,038,737$33,067,350$21,893,586$108,155,509
100$137,668,521$34,563,483$22,502,853$118,598,774