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%13%
1 years$875,338$867,541$859,934$852,509$845,259$834,697
2 years$433,336$425,265$417,444$409,860$402,504$391,876
3 years$286,021$277,916$270,114$262,601$255,365$245,002
4 years$212,378$204,297$196,574$189,189$182,129$172,110
5 years$168,204$160,172$152,549$145,316$138,451$128,806
6 years$138,764$130,792$123,282$116,210$109,552$100,291
7 years$117,743$109,839$102,448$95,543$89,095$80,223
8 years$101,985$94,152$86,884$80,148$73,913$65,429
9 years$89,736$81,977$74,833$68,269$62,245$54,146
10 years$79,942$72,258$65,241$58,848$53,036$45,315
11 years$71,933$64,327$57,438$51,216$45,613$38,264
12 years$65,265$57,737$50,974$44,923$39,527$32,542
13 years$59,627$52,177$45,542$39,660$34,468$27,837
14 years$54,798$47,428$40,920$35,206$30,215$23,929
15 years$50,617$43,326$36,945$31,398$26,603$20,652
16 years$46,962$39,751$33,496$28,113$23,512$17,884
17 years$43,741$36,609$30,480$25,259$20,848$15,532
18 years$40,880$33,828$27,824$22,764$18,537$13,523
19 years$38,324$31,352$25,472$20,569$16,522$11,798
20 years$36,026$29,134$23,377$18,629$14,758$10,312
21 years$33,950$27,137$21,502$16,907$13,207$9,027
22 years$32,065$25,331$19,818$15,373$11,838$7,912
23 years$30,346$23,692$18,298$14,000$10,626$6,944
24 years$28,773$22,198$16,923$12,769$9,551$6,100
25 years$27,328$20,831$15,674$11,661$8,595$5,364
26 years$25,997$19,578$14,537$10,662$7,742$4,720
27 years$24,766$18,425$13,499$9,760$6,980$4,156
28 years$23,625$17,362$12,549$8,942$6,298$3,662
29 years$22,565$16,379$11,678$8,200$5,687$3,228
30 years$21,577$15,468$10,877$7,525$5,139$2,847
31 years$20,655$14,623$10,141$6,912$4,646$2,512
32 years$19,792$13,836$9,461$6,352$4,202$2,217
33 years$18,983$13,103$8,834$5,841$3,803$1,957
34 years$18,223$12,419$8,254$5,374$3,443$1,728
35 years$17,509$11,779$7,717$4,947$3,119$1,527
36 years$16,835$11,180$7,219$4,556$2,826$1,349
37 years$16,200$10,618$6,757$4,198$2,561$1,192
38 years$15,599$10,091$6,328$3,869$2,322$1,054
39 years$15,031$9,596$5,928$3,568$2,106$931
40 years$14,492$9,130$5,556$3,291$1,910$823
41 years$13,981$8,690$5,210$3,036$1,733$728
42 years$13,495$8,277$4,887$2,802$1,572$644
43 years$13,034$7,886$4,586$2,587$1,427$569
44 years$12,594$7,517$4,305$2,388$1,295$504
45 years$12,176$7,168$4,042$2,206$1,176$445
46 years$11,776$6,838$3,796$2,037$1,068$394
47 years$11,395$6,526$3,567$1,882$969$348
48 years$11,031$6,230$3,352$1,739$880$308
49 years$10,683$5,949$3,150$1,607$800$273
50 years$10,349$5,683$2,962$1,486$726$241

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 $2,429 every year, while hoping to spend $37,719 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: 57/36/7 Blend
73$10,600,000$10,600,000$10,600,000$10,600,000
74$11,683,706$11,121,906$10,957,606$12,331,611
75$12,835,311$11,626,746$11,284,553$13,272,613
76$14,103,116$12,155,060$11,621,188$14,292,937
77$15,498,932$12,707,957$11,967,797$15,403,679
78$17,035,778$13,286,601$12,324,672$16,613,475
79$18,727,993$13,892,211$12,692,115$17,931,817
80$20,591,384$14,526,064$13,070,437$19,369,137
81$22,643,365$15,189,501$13,459,955$20,936,903
82$24,903,124$15,883,923$13,861,000$22,647,723
83$27,391,809$16,610,801$14,273,910$24,515,458
84$30,132,719$17,371,676$14,699,031$26,555,352
85$33,151,530$18,168,162$15,136,723$28,784,169
86$36,476,537$19,001,952$15,587,354$31,220,346
87$40,138,916$19,874,820$16,051,302$33,884,166
88$44,173,023$20,788,625$16,528,959$36,797,939
89$48,616,718$21,745,314$17,020,726$39,986,210
90$53,511,718$22,746,929$17,527,015$43,475,985
91$58,903,995$23,795,610$18,048,251$47,296,980
92$64,844,208$24,893,600$18,584,873$51,481,894
93$71,388,180$26,043,250$19,137,329$56,066,714
94$78,597,429$27,247,023$19,706,084$61,091,043
95$86,539,741$28,507,502$20,291,613$66,598,473
96$95,289,820$29,827,394$20,894,407$72,636,984
97$104,929,981$31,209,537$21,514,969$79,259,391
98$115,550,938$32,656,902$22,153,819$86,523,835
99$127,252,652$34,172,609$22,811,491$94,494,323
100$140,145,280$35,759,925$23,488,533$103,241,320