Can I retire at age 74 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$891,854$883,910$876,159$868,594$861,207$845,549
2 years$441,512$433,289$425,320$417,593$410,099$394,379
3 years$291,417$283,159$275,210$267,556$260,183$244,892
4 years$216,385$208,152$200,283$192,759$185,565$170,820
5 years$171,377$163,194$155,427$148,057$141,064$126,907
6 years$141,382$133,260$125,608$118,403$111,619$98,067
7 years$119,965$111,911$104,381$97,345$90,776$77,832
8 years$103,910$95,929$88,524$81,661$75,307$62,969
9 years$91,429$83,523$76,245$69,557$63,420$51,678
10 years$81,450$73,622$66,472$59,959$54,037$42,882
11 years$73,291$65,541$58,521$52,182$46,473$35,893
12 years$66,496$58,826$51,936$45,771$40,273$30,253
13 years$60,752$53,162$46,401$40,409$35,119$25,643
14 years$55,832$48,322$41,692$35,870$30,785$21,836
15 years$51,572$44,143$37,642$31,990$27,105$18,666
16 years$47,848$40,501$34,128$28,644$23,956$16,008
17 years$44,566$37,300$31,055$25,736$21,241$13,765
18 years$41,651$34,467$28,349$23,193$18,886$11,863
19 years$39,047$31,943$25,953$20,957$16,834$10,245
20 years$36,706$29,683$23,818$18,981$15,036$8,861
21 years$34,590$27,649$21,908$17,226$13,456$7,675
22 years$32,670$25,809$20,192$15,663$12,061$6,656
23 years$30,919$24,139$18,643$14,264$10,827$5,779
24 years$29,316$22,616$17,242$13,010$9,731$5,021
25 years$27,844$21,224$15,970$11,881$8,757$4,367
26 years$26,487$19,948$14,811$10,864$7,888$3,800
27 years$25,233$18,773$13,753$9,944$7,112$3,309
28 years$24,071$17,690$12,785$9,111$6,417$2,882
29 years$22,991$16,688$11,898$8,355$5,794$2,512
30 years$21,984$15,760$11,082$7,667$5,235$2,190
31 years$21,044$14,899$10,332$7,042$4,733$1,910
32 years$20,165$14,097$9,640$6,472$4,282$1,666
33 years$19,341$13,350$9,001$5,951$3,875$1,454
34 years$18,567$12,653$8,410$5,476$3,508$1,269
35 years$17,839$12,001$7,863$5,041$3,178$1,108
36 years$17,153$11,391$7,355$4,642$2,879$967
37 years$16,505$10,819$6,884$4,277$2,609$845
38 years$15,893$10,282$6,447$3,942$2,366$738
39 years$15,314$9,777$6,040$3,635$2,145$644
40 years$14,765$9,302$5,661$3,353$1,946$563
41 years$14,245$8,854$5,309$3,093$1,765$492
42 years$13,750$8,433$4,980$2,855$1,602$430
43 years$13,280$8,035$4,673$2,635$1,454$375
44 years$12,832$7,659$4,386$2,433$1,320$328
45 years$12,405$7,303$4,118$2,247$1,198$287
46 years$11,998$6,967$3,868$2,076$1,088$250
47 years$11,610$6,649$3,634$1,918$988$219
48 years$11,239$6,347$3,415$1,772$897$191
49 years$10,884$6,061$3,210$1,638$815$167
50 years$10,545$5,790$3,018$1,514$740$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,800,000, adding $5,707 every year, while hoping to spend $54,808 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: 69/11/20 Blend
73$10,800,000$10,800,000$10,800,000$10,800,000
74$11,907,487$11,335,087$11,167,687$12,670,046
75$13,063,735$11,832,191$11,483,489$13,677,166
76$14,336,084$12,351,816$11,808,034$14,771,829
77$15,736,317$12,895,008$12,141,556$15,968,313
78$17,277,420$13,462,862$12,484,296$17,276,667
79$18,973,700$14,056,524$12,836,503$18,707,954
80$20,840,920$14,677,197$13,198,429$20,274,352
81$22,896,452$15,326,137$13,570,334$21,989,268
82$25,159,435$16,004,663$13,952,485$23,867,463
83$27,650,960$16,714,155$14,345,156$25,925,191
84$30,394,267$17,456,057$14,748,628$28,180,346
85$33,414,962$18,231,884$15,163,187$30,652,635
86$36,741,264$19,043,222$15,589,129$33,363,757
87$40,404,264$19,891,732$16,026,757$36,337,610
88$44,438,226$20,779,153$16,476,380$39,600,510
89$48,880,902$21,707,309$16,938,316$43,181,441
90$53,773,896$22,678,108$17,412,891$47,112,325
91$59,163,050$23,693,552$17,900,439$51,428,319
92$65,098,881$24,755,736$18,401,303$56,168,149
93$71,637,054$25,866,854$18,915,834$61,374,467
94$78,838,910$27,029,207$19,444,392$67,094,256
95$86,772,044$28,245,204$19,987,345$73,379,268
96$95,510,943$29,517,369$20,545,071$80,286,510
97$105,137,686$30,848,346$21,117,957$87,878,781
98$115,742,722$32,240,908$21,706,401$96,225,257
99$127,425,723$33,697,956$22,310,809$105,402,147
100$140,296,524$35,222,533$22,931,598$115,493,403