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

Use the below retirement simulation to view the chances of a successful retirement.
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%14%
1 years$908,370$900,278$892,384$884,679$877,155$862,624
2 years$449,688$441,313$433,196$425,327$417,693$403,095
3 years$296,814$288,403$280,307$272,511$265,002$250,792
4 years$220,392$212,007$203,991$196,329$189,001$175,289
5 years$174,551$166,216$158,306$150,799$143,676$130,501
6 years$144,000$135,728$127,935$120,595$113,686$101,063
7 years$122,187$113,984$106,314$99,148$92,457$80,390
8 years$105,834$97,705$90,163$83,173$76,702$65,189
9 years$93,122$85,070$77,657$70,845$64,594$53,628
10 years$82,958$74,985$67,703$61,069$55,037$44,609
11 years$74,648$66,755$59,605$53,148$47,334$37,433
12 years$67,728$59,915$52,898$46,618$41,019$31,632
13 years$61,877$54,146$47,261$41,157$35,769$26,883
14 years$56,866$49,217$42,464$36,534$31,355$22,954
15 years$52,527$44,961$38,339$32,582$27,607$19,676
16 years$48,734$41,251$34,760$29,174$24,400$16,921
17 years$45,391$37,990$31,630$26,213$21,634$14,592
18 years$42,423$35,105$28,874$23,623$19,236$12,613
19 years$39,770$32,535$26,433$21,345$17,146$10,924
20 years$37,386$30,233$24,259$19,332$15,315$9,477
21 years$35,231$28,161$22,314$17,545$13,705$8,234
22 years$33,275$26,287$20,566$15,953$12,285$7,163
23 years$31,491$24,586$18,989$14,528$11,027$6,237
24 years$29,859$23,035$17,561$13,251$9,912$5,437
25 years$28,360$21,617$16,265$12,101$8,919$4,743
26 years$26,978$20,317$15,085$11,065$8,034$4,141
27 years$25,701$19,121$14,008$10,128$7,243$3,617
28 years$24,517$18,017$13,022$9,279$6,536$3,161
29 years$23,416$16,997$12,118$8,509$5,902$2,764
30 years$22,391$16,052$11,288$7,809$5,332$2,418
31 years$21,434$15,175$10,523$7,172$4,821$2,116
32 years$20,539$14,358$9,818$6,592$4,361$1,852
33 years$19,699$13,597$9,167$6,061$3,947$1,621
34 years$18,911$12,887$8,565$5,577$3,573$1,420
35 years$18,169$12,223$8,008$5,134$3,236$1,244
36 years$17,471$11,602$7,491$4,728$2,932$1,090
37 years$16,811$11,019$7,012$4,357$2,658$955
38 years$16,188$10,472$6,566$4,016$2,409$837
39 years$15,598$9,958$6,152$3,702$2,185$733
40 years$15,039$9,474$5,766$3,415$1,982$643
41 years$14,508$9,018$5,407$3,151$1,798$563
42 years$14,005$8,589$5,072$2,908$1,632$494
43 years$13,526$8,183$4,759$2,684$1,481$433
44 years$13,070$7,801$4,467$2,478$1,344$380
45 years$12,635$7,439$4,195$2,289$1,220$333
46 years$12,221$7,096$3,940$2,114$1,108$292
47 years$11,825$6,772$3,701$1,953$1,006$256
48 years$11,447$6,465$3,478$1,805$914$225
49 years$11,086$6,173$3,269$1,668$830$197
50 years$10,740$5,897$3,074$1,542$754$173

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 $6,598 every year, while hoping to spend $21,592 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: 58/22/20 Blend
73$11,000,000$11,000,000$11,000,000$11,000,000
74$12,128,806$11,545,806$11,375,306$12,767,543
75$13,342,970$12,088,577$11,733,405$13,745,150
76$14,680,256$12,657,219$12,102,777$14,807,526
77$16,153,198$13,252,979$12,483,776$15,965,271
78$17,775,610$13,877,162$12,876,768$17,227,591
79$19,562,715$14,531,134$13,282,132$18,604,610
80$21,531,284$15,216,333$13,700,256$20,107,460
81$23,699,803$15,934,260$14,131,542$21,748,385
82$26,088,639$16,686,495$14,576,405$23,540,854
83$28,720,237$17,474,690$15,035,271$25,499,683
84$31,619,330$18,300,579$15,508,582$27,641,170
85$34,813,174$19,165,980$15,996,792$29,983,251
86$38,331,804$20,072,799$16,500,371$32,545,660
87$42,208,316$21,023,034$17,019,801$35,350,111
88$46,479,182$22,018,781$17,555,582$38,420,502
89$51,184,594$23,062,236$18,108,229$41,783,137
90$56,368,840$24,155,704$18,678,273$45,466,964
91$62,080,727$25,301,599$19,266,260$49,503,849
92$68,374,038$26,502,454$19,872,757$53,928,868
93$75,308,041$27,760,925$20,498,345$58,780,639
94$82,948,047$29,079,796$21,143,626$64,101,670
95$91,366,029$30,461,988$21,809,219$69,938,768
96$100,641,300$31,910,561$22,495,763$76,343,464
97$110,861,261$33,428,726$23,203,919$83,372,498
98$122,122,225$35,019,850$23,934,367$91,088,349
99$134,530,332$36,687,462$24,687,807$99,559,815
100$148,202,541$38,435,263$25,464,965$108,862,658