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%16.3%
1 years$908,370$900,278$892,384$884,679$877,155$854,564
2 years$449,688$441,313$433,196$425,327$417,693$395,083
3 years$296,814$288,403$280,307$272,511$265,002$243,080
4 years$220,392$212,007$203,991$196,329$189,001$167,937
5 years$174,551$166,216$158,306$150,799$143,676$123,527
6 years$144,000$135,728$127,935$120,595$113,686$94,472
7 years$122,187$113,984$106,314$99,148$92,457$74,180
8 years$105,834$97,705$90,163$83,173$76,702$59,353
9 years$93,122$85,070$77,657$70,845$64,594$48,159
10 years$82,958$74,985$67,703$61,069$55,037$39,495
11 years$74,648$66,755$59,605$53,148$47,334$32,662
12 years$67,728$59,915$52,898$46,618$41,019$27,190
13 years$61,877$54,146$47,261$41,157$35,769$22,757
14 years$56,866$49,217$42,464$36,534$31,355$19,129
15 years$52,527$44,961$38,339$32,582$27,607$16,138
16 years$48,734$41,251$34,760$29,174$24,400$13,654
17 years$45,391$37,990$31,630$26,213$21,634$11,581
18 years$42,423$35,105$28,874$23,623$19,236$9,844
19 years$39,770$32,535$26,433$21,345$17,146$8,381
20 years$37,386$30,233$24,259$19,332$15,315$7,146
21 years$35,231$28,161$22,314$17,545$13,705$6,101
22 years$33,275$26,287$20,566$15,953$12,285$5,214
23 years$31,491$24,586$18,989$14,528$11,027$4,459
24 years$29,859$23,035$17,561$13,251$9,912$3,817
25 years$28,360$21,617$16,265$12,101$8,919$3,270
26 years$26,978$20,317$15,085$11,065$8,034$2,802
27 years$25,701$19,121$14,008$10,128$7,243$2,403
28 years$24,517$18,017$13,022$9,279$6,536$2,061
29 years$23,416$16,997$12,118$8,509$5,902$1,768
30 years$22,391$16,052$11,288$7,809$5,332$1,518
31 years$21,434$15,175$10,523$7,172$4,821$1,303
32 years$20,539$14,358$9,818$6,592$4,361$1,119
33 years$19,699$13,597$9,167$6,061$3,947$961
34 years$18,911$12,887$8,565$5,577$3,573$826
35 years$18,169$12,223$8,008$5,134$3,236$709
36 years$17,471$11,602$7,491$4,728$2,932$609
37 years$16,811$11,019$7,012$4,357$2,658$524
38 years$16,188$10,472$6,566$4,016$2,409$450
39 years$15,598$9,958$6,152$3,702$2,185$387
40 years$15,039$9,474$5,766$3,415$1,982$332
41 years$14,508$9,018$5,407$3,151$1,798$286
42 years$14,005$8,589$5,072$2,908$1,632$246
43 years$13,526$8,183$4,759$2,684$1,481$211
44 years$13,070$7,801$4,467$2,478$1,344$182
45 years$12,635$7,439$4,195$2,289$1,220$156
46 years$12,221$7,096$3,940$2,114$1,108$134
47 years$11,825$6,772$3,701$1,953$1,006$115
48 years$11,447$6,465$3,478$1,805$914$99
49 years$11,086$6,173$3,269$1,668$830$85
50 years$10,740$5,897$3,074$1,542$754$73

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 $6,744 every year, while hoping to spend $21,648 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: 36/46/18 Blend
73$11,000,000$11,000,000$11,000,000$11,000,000
74$12,128,956$11,545,956$11,375,456$12,498,907
75$13,343,077$12,088,675$11,733,501$13,311,022
76$14,680,312$12,657,261$12,102,814$14,184,646
77$16,153,196$13,252,960$12,483,751$15,127,332
78$17,775,543$13,877,076$12,876,678$16,145,256
79$19,562,573$14,530,977$13,281,971$17,245,189
80$21,531,058$15,216,098$13,700,020$18,434,548
81$23,699,482$15,933,942$14,131,227$19,721,467
82$26,088,211$16,686,087$14,576,005$21,114,862
83$28,719,689$17,474,186$15,034,781$22,624,517
84$31,618,648$18,299,972$15,507,997$24,261,159
85$34,812,342$19,165,262$15,996,106$26,036,564
86$38,330,802$20,071,962$16,499,578$27,963,652
87$42,207,126$21,022,069$17,018,895$30,056,607
88$46,477,781$22,017,679$17,554,557$32,331,001
89$51,182,958$23,060,989$18,107,078$34,803,934
90$56,366,943$24,154,300$18,676,988$37,494,184
91$62,078,538$25,300,028$19,264,834$40,422,381
92$68,371,525$26,500,706$19,871,182$43,611,186
93$75,305,167$27,758,987$20,496,613$47,085,501
94$82,944,773$29,077,656$21,141,728$50,872,689
95$91,362,311$30,459,632$21,807,147$55,002,826
96$100,637,088$31,907,975$22,493,508$59,508,972
97$110,856,501$33,425,896$23,201,471$64,427,468
98$122,116,858$35,016,759$23,931,714$69,798,273
99$134,524,292$36,684,094$24,684,941$75,665,325
100$148,195,756$38,431,602$25,461,873$82,076,943