Can I retire at age 74 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$908,370$900,278$892,384$884,679$877,155$870,533
2 years$449,688$441,313$433,196$425,327$417,693$411,017
3 years$296,814$288,403$280,307$272,511$265,002$258,478
4 years$220,392$212,007$203,991$196,329$189,001$182,680
5 years$174,551$166,216$158,306$150,799$143,676$137,576
6 years$144,000$135,728$127,935$120,595$113,686$107,815
7 years$122,187$113,984$106,314$99,148$92,457$86,818
8 years$105,834$97,705$90,163$83,173$76,702$71,295
9 years$93,122$85,070$77,657$70,845$64,594$59,418
10 years$82,958$74,985$67,703$61,069$55,037$50,088
11 years$74,648$66,755$59,605$53,148$47,334$42,609
12 years$67,728$59,915$52,898$46,618$41,019$36,513
13 years$61,877$54,146$47,261$41,157$35,769$31,478
14 years$56,866$49,217$42,464$36,534$31,355$27,274
15 years$52,527$44,961$38,339$32,582$27,607$23,730
16 years$48,734$41,251$34,760$29,174$24,400$20,720
17 years$45,391$37,990$31,630$26,213$21,634$18,147
18 years$42,423$35,105$28,874$23,623$19,236$15,935
19 years$39,770$32,535$26,433$21,345$17,146$14,023
20 years$37,386$30,233$24,259$19,332$15,315$12,365
21 years$35,231$28,161$22,314$17,545$13,705$10,921
22 years$33,275$26,287$20,566$15,953$12,285$9,660
23 years$31,491$24,586$18,989$14,528$11,027$8,556
24 years$29,859$23,035$17,561$13,251$9,912$7,586
25 years$28,360$21,617$16,265$12,101$8,919$6,733
26 years$26,978$20,317$15,085$11,065$8,034$5,981
27 years$25,701$19,121$14,008$10,128$7,243$5,317
28 years$24,517$18,017$13,022$9,279$6,536$4,730
29 years$23,416$16,997$12,118$8,509$5,902$4,210
30 years$22,391$16,052$11,288$7,809$5,332$3,750
31 years$21,434$15,175$10,523$7,172$4,821$3,341
32 years$20,539$14,358$9,818$6,592$4,361$2,978
33 years$19,699$13,597$9,167$6,061$3,947$2,656
34 years$18,911$12,887$8,565$5,577$3,573$2,369
35 years$18,169$12,223$8,008$5,134$3,236$2,114
36 years$17,471$11,602$7,491$4,728$2,932$1,887
37 years$16,811$11,019$7,012$4,357$2,658$1,684
38 years$16,188$10,472$6,566$4,016$2,409$1,504
39 years$15,598$9,958$6,152$3,702$2,185$1,343
40 years$15,039$9,474$5,766$3,415$1,982$1,200
41 years$14,508$9,018$5,407$3,151$1,798$1,072
42 years$14,005$8,589$5,072$2,908$1,632$958
43 years$13,526$8,183$4,759$2,684$1,481$856
44 years$13,070$7,801$4,467$2,478$1,344$765
45 years$12,635$7,439$4,195$2,289$1,220$683
46 years$12,221$7,096$3,940$2,114$1,108$611
47 years$11,825$6,772$3,701$1,953$1,006$546
48 years$11,447$6,465$3,478$1,805$914$488
49 years$11,086$6,173$3,269$1,668$830$436
50 years$10,740$5,897$3,074$1,542$754$390

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,000,000, adding $6,243 every year, while hoping to spend $35,626 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: 44/41/15 Blend
73$11,000,000$11,000,000$11,000,000$11,000,000
74$12,128,440$11,545,440$11,374,940$12,609,365
75$13,327,635$12,073,260$11,718,094$13,474,143
76$14,647,954$12,625,750$12,071,551$14,406,838
77$16,101,713$13,204,081$12,435,616$15,416,996
78$17,702,486$13,809,479$12,810,607$16,511,777
79$19,465,228$14,443,231$13,196,850$17,699,034
80$21,406,417$15,106,685$13,594,681$18,987,391
81$23,544,213$15,801,254$14,004,444$20,386,314
82$25,898,626$16,528,419$14,426,496$21,906,197
83$28,491,705$17,289,731$14,861,204$23,558,457
84$31,347,749$18,086,818$15,308,944$25,355,632
85$34,493,530$18,921,383$15,770,104$27,311,499
86$37,958,553$19,795,213$16,245,086$29,441,193
87$41,775,329$20,710,182$16,734,299$31,761,348
88$45,979,683$21,668,252$17,238,169$34,290,245
89$50,611,095$22,671,480$17,757,132$37,047,980
90$55,713,068$23,722,023$18,291,637$40,056,643
91$61,333,540$24,822,142$18,842,146$43,340,523
92$67,525,339$25,974,205$19,409,136$46,926,329
93$74,346,679$27,180,696$19,993,097$50,843,430
94$81,861,709$28,444,219$20,594,534$55,124,130
95$90,141,119$29,767,502$21,213,967$59,803,959
96$99,262,809$31,153,405$21,851,931$64,922,003
97$109,312,621$32,604,928$22,508,976$70,521,260
98$120,385,152$34,125,213$23,185,670$76,649,038
99$132,584,644$35,717,555$23,882,597$83,357,390
100$146,025,971$37,385,408$24,600,357$90,703,594