Can I retire at age 74 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$883,596$875,725$868,047$860,552$853,233$823,615
2 years$437,424$429,277$421,382$413,727$406,301$376,768
3 years$288,719$280,537$272,662$265,079$257,774$229,253
4 years$214,381$206,225$198,428$190,974$183,847$156,556
5 years$169,790$161,683$153,988$146,687$139,757$113,769
6 years$140,073$132,026$124,445$117,306$110,585$85,920
7 years$118,854$110,875$103,415$96,444$89,935$66,588
8 years$102,948$95,041$87,704$80,905$74,610$52,562
9 years$90,582$82,750$75,539$68,913$62,833$42,056
10 years$80,696$72,940$65,857$59,403$53,536$33,996
11 years$72,612$64,934$57,979$51,699$46,043$27,701
12 years$65,881$58,281$51,455$45,347$39,900$22,712
13 years$60,189$52,669$45,972$40,034$34,794$18,715
14 years$55,315$47,875$41,306$35,538$30,500$15,483
15 years$51,094$43,735$37,294$31,694$26,854$12,851
16 years$47,405$40,126$33,812$28,378$23,734$10,695
17 years$44,153$36,954$30,768$25,498$21,044$8,920
18 years$41,266$34,147$28,087$22,979$18,712$7,453
19 years$38,685$31,648$25,712$20,763$16,678$6,237
20 years$36,366$29,408$23,597$18,805$14,897$5,225
21 years$34,270$27,393$21,705$17,067$13,331$4,382
22 years$32,367$25,570$20,005$15,518$11,950$3,679
23 years$30,633$23,915$18,471$14,132$10,727$3,090
24 years$29,045$22,407$17,082$12,889$9,641$2,597
25 years$27,586$21,028$15,822$11,771$8,676$2,184
26 years$26,242$19,763$14,674$10,763$7,815$1,837
27 years$25,000$18,599$13,626$9,852$7,046$1,546
28 years$23,848$17,526$12,667$9,026$6,357$1,302
29 years$22,778$16,534$11,788$8,277$5,741$1,096
30 years$21,781$15,614$10,980$7,596$5,187$923
31 years$20,850$14,761$10,236$6,977$4,690$778
32 years$19,979$13,967$9,551$6,412$4,242$655
33 years$19,162$13,227$8,917$5,896$3,839$552
34 years$18,395$12,536$8,332$5,425$3,476$465
35 years$17,674$11,890$7,790$4,994$3,148$392
36 years$16,994$11,285$7,287$4,599$2,852$330
37 years$16,353$10,718$6,821$4,238$2,585$279
38 years$15,746$10,186$6,387$3,906$2,344$235
39 years$15,172$9,686$5,984$3,602$2,125$198
40 years$14,629$9,216$5,609$3,322$1,928$167
41 years$14,113$8,772$5,259$3,065$1,749$141
42 years$13,623$8,355$4,933$2,828$1,587$119
43 years$13,157$7,960$4,629$2,611$1,440$100
44 years$12,713$7,588$4,345$2,411$1,307$84
45 years$12,290$7,236$4,080$2,226$1,187$71
46 years$11,887$6,903$3,832$2,057$1,078$60
47 years$11,503$6,587$3,600$1,900$979$51
48 years$11,135$6,288$3,383$1,756$889$43
49 years$10,783$6,005$3,180$1,623$807$36
50 years$10,447$5,736$2,990$1,500$733$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,700,000, adding $2,485 every year, while hoping to spend $50,460 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: 76/10/14 Blend
73$10,700,000$10,700,000$10,700,000$10,700,000
74$11,793,963$11,226,863$11,061,013$12,655,573
75$12,943,258$11,723,291$11,377,868$13,720,952
76$14,208,091$12,242,352$11,703,647$14,882,007
77$15,600,191$12,785,102$12,038,594$16,153,470
78$17,132,486$13,352,648$12,382,963$17,546,317
79$18,819,220$13,946,147$12,737,012$19,072,637
80$20,676,085$14,566,814$13,101,007$20,745,740
81$22,720,376$15,215,918$13,475,221$22,580,282
82$24,971,148$15,894,791$13,859,934$24,592,404
83$27,449,397$16,604,828$14,255,433$26,799,878
84$30,178,260$17,347,489$14,662,015$29,222,277
85$33,183,231$18,124,304$15,079,981$31,881,159
86$36,492,403$18,936,878$15,509,643$34,800,264
87$40,136,732$19,786,888$15,951,320$38,005,742
88$44,150,329$20,676,096$16,405,339$41,526,394
89$48,570,781$21,606,344$16,872,037$45,393,941
90$53,439,509$22,579,563$17,351,758$49,643,327
91$58,802,154$23,597,777$17,844,858$54,313,041
92$64,709,011$24,663,105$18,351,698$59,445,482
93$71,215,503$25,777,769$18,872,652$65,087,353
94$78,382,701$26,944,097$19,408,102$71,290,104
95$86,277,904$28,164,525$19,958,441$78,110,412
96$94,975,273$29,441,610$20,524,072$85,610,714
97$104,556,531$30,778,029$21,105,408$93,859,795
98$115,111,730$32,176,585$21,702,873$102,933,433
99$126,740,109$33,640,220$22,316,901$112,915,112
100$139,551,022$35,172,013$22,947,939$123,896,808