Can I retire at age 74 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$900,112$892,094$884,272$876,637$869,181$862,259
2 years$445,600$437,301$429,258$421,460$413,896$406,918
3 years$294,116$285,781$277,758$270,033$262,593$255,775
4 years$218,389$210,079$202,137$194,544$187,283$180,679
5 years$172,964$164,705$156,867$149,428$142,370$135,998
6 years$142,691$134,494$126,772$119,499$112,652$106,521
7 years$121,076$112,948$105,348$98,247$91,616$85,729
8 years$104,872$96,817$89,343$82,417$76,005$70,360
9 years$92,275$84,297$76,951$70,201$64,007$58,604
10 years$82,204$74,303$67,088$60,514$54,537$49,373
11 years$73,969$66,148$59,063$52,665$46,904$41,975
12 years$67,112$59,371$52,417$46,194$40,646$35,947
13 years$61,314$53,654$46,831$40,783$35,444$30,970
14 years$56,349$48,770$42,078$36,202$31,070$26,816
15 years$52,049$44,552$37,991$32,286$27,356$23,316
16 years$48,291$40,876$34,444$28,909$24,178$20,345
17 years$44,978$37,645$31,343$25,974$21,438$17,806
18 years$42,037$34,786$28,612$23,408$19,061$15,624
19 years$39,408$32,239$26,193$21,151$16,990$13,740
20 years$37,046$29,958$24,039$19,156$15,176$12,107
21 years$34,911$27,905$22,111$17,386$13,580$10,685
22 years$32,972$26,048$20,379$15,808$12,173$9,444
23 years$31,205$24,362$18,816$14,396$10,927$8,358
24 years$29,588$22,826$17,402$13,130$9,822$7,405
25 years$28,102$21,421$16,117$11,991$8,838$6,567
26 years$26,733$20,132$14,948$10,964$7,961$5,829
27 years$25,467$18,947$13,881$10,036$7,177$5,178
28 years$24,294$17,853$12,904$9,195$6,476$4,603
29 years$23,203$16,843$12,008$8,432$5,848$4,094
30 years$22,188$15,906$11,185$7,738$5,284$3,643
31 years$21,239$15,037$10,428$7,107$4,777$3,243
32 years$20,352$14,228$9,729$6,532$4,321$2,889
33 years$19,520$13,474$9,084$6,006$3,911$2,574
34 years$18,739$12,770$8,488$5,526$3,541$2,294
35 years$18,004$12,112$7,935$5,087$3,207$2,045
36 years$17,312$11,496$7,423$4,685$2,906$1,824
37 years$16,658$10,919$6,948$4,317$2,634$1,627
38 years$16,041$10,377$6,507$3,979$2,388$1,451
39 years$15,456$9,867$6,096$3,669$2,165$1,295
40 years$14,902$9,388$5,714$3,384$1,964$1,156
41 years$14,376$8,936$5,358$3,122$1,782$1,032
42 years$13,877$8,511$5,026$2,881$1,617$921
43 years$13,403$8,109$4,716$2,660$1,467$822
44 years$12,951$7,730$4,427$2,456$1,332$734
45 years$12,520$7,371$4,157$2,268$1,209$656
46 years$12,110$7,032$3,904$2,095$1,098$585
47 years$11,718$6,710$3,668$1,936$997$523
48 years$11,343$6,406$3,447$1,789$905$467
49 years$10,985$6,117$3,240$1,653$822$417
50 years$10,642$5,843$3,046$1,528$747$373

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,900,000, adding $6,924 every year, while hoping to spend $49,536 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: 56/25/19 Blend
73$10,900,000$10,900,000$10,900,000$10,900,000
74$12,018,942$11,441,242$11,272,292$12,630,538
75$13,192,168$11,949,157$11,597,208$13,556,095
76$14,483,403$12,480,300$11,931,348$14,557,973
77$15,904,632$13,035,756$12,274,970$15,648,315
78$17,469,059$13,616,662$12,628,336$16,835,620
79$19,191,236$14,224,212$12,991,718$18,129,232
80$21,087,195$14,859,651$13,365,394$19,539,430
81$23,174,603$15,524,289$13,749,649$21,077,514
82$25,472,928$16,219,493$14,144,777$22,755,914
83$28,003,618$16,946,700$14,551,079$24,588,303
84$30,790,311$17,707,413$14,968,864$26,589,724
85$33,859,052$18,503,205$15,398,450$28,776,724
86$37,238,541$19,335,728$15,840,164$31,167,511
87$40,960,402$20,206,709$16,294,339$33,782,122
88$45,059,485$21,117,959$16,761,321$36,642,605
89$49,574,189$22,071,375$17,241,462$39,773,223
90$54,546,830$23,068,947$17,735,125$43,200,685
91$60,024,036$24,112,755$18,242,682$46,954,384
92$66,057,191$25,204,983$18,764,514$51,066,677
93$72,702,915$26,347,918$19,301,016$55,573,184
94$80,023,601$27,543,954$19,852,589$60,513,116
95$88,088,004$28,795,604$20,419,646$65,929,643
96$96,971,890$30,105,497$21,002,613$71,870,294
97$106,758,747$31,476,391$21,601,925$78,387,401
98$117,540,579$32,911,174$22,218,030$85,538,587
99$129,418,770$34,412,873$22,851,385$93,387,302
100$142,505,041$35,984,661$23,502,463$102,003,417