Can I retire at age 74 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$916,628$908,463$900,497$892,722$885,130$880,289
2 years$453,776$445,325$437,134$429,193$421,490$416,606
3 years$299,512$291,025$282,855$274,988$267,411$262,634
4 years$222,396$213,934$205,846$198,114$190,720$186,087
5 years$176,138$167,727$159,745$152,170$144,982$140,508
6 years$145,309$136,962$129,098$121,692$114,719$110,409
7 years$123,297$115,020$107,281$100,049$93,298$89,153
8 years$106,796$98,593$90,983$83,929$77,399$73,420
9 years$93,968$85,843$78,363$71,489$65,181$61,367
10 years$83,712$75,667$68,319$61,624$55,538$51,887
11 years$75,327$67,362$60,147$53,631$47,764$44,274
12 years$68,343$60,460$53,379$47,042$41,392$38,059
13 years$62,439$54,638$47,690$41,531$36,094$32,917
14 years$57,383$49,665$42,850$36,867$31,640$28,613
15 years$53,004$45,370$38,688$32,879$27,858$24,979
16 years$49,177$41,626$35,076$29,439$24,621$21,885
17 years$45,804$38,336$31,918$26,451$21,831$19,233
18 years$42,808$35,424$29,137$23,838$19,411$16,948
19 years$40,132$32,831$26,673$21,539$17,302$14,968
20 years$37,725$30,508$24,480$19,508$15,454$13,246
21 years$35,551$28,417$22,517$17,705$13,830$11,743
22 years$33,577$26,526$20,752$16,098$12,396$10,426
23 years$31,778$24,809$19,161$14,660$11,128$9,268
24 years$30,131$23,245$17,721$13,371$10,002$8,249
25 years$28,618$21,814$16,413$12,211$9,000$7,350
26 years$27,223$20,502$15,222$11,165$8,107$6,555
27 years$25,934$19,294$14,135$10,220$7,309$5,850
28 years$24,739$18,181$13,141$9,364$6,595$5,225
29 years$23,629$17,152$12,228$8,587$5,955$4,669
30 years$22,595$16,198$11,390$7,880$5,381$4,175
31 years$21,629$15,312$10,619$7,238$4,865$3,736
32 years$20,726$14,489$9,908$6,652$4,401$3,344
33 years$19,878$13,721$9,251$6,117$3,983$2,994
34 years$19,083$13,004$8,643$5,628$3,606$2,682
35 years$18,335$12,334$8,081$5,181$3,266$2,403
36 years$17,629$11,707$7,560$4,771$2,959$2,154
37 years$16,964$11,119$7,076$4,396$2,682$1,931
38 years$16,335$10,567$6,626$4,052$2,431$1,731
39 years$15,740$10,048$6,208$3,736$2,205$1,553
40 years$15,175$9,560$5,819$3,446$2,000$1,393
41 years$14,640$9,100$5,456$3,179$1,814$1,250
42 years$14,132$8,667$5,118$2,934$1,646$1,121
43 years$13,649$8,258$4,802$2,709$1,494$1,006
44 years$13,188$7,871$4,508$2,501$1,356$903
45 years$12,750$7,506$4,233$2,310$1,231$811
46 years$12,332$7,161$3,976$2,134$1,118$728
47 years$11,933$6,833$3,735$1,971$1,015$654
48 years$11,551$6,523$3,510$1,821$922$587
49 years$11,186$6,229$3,299$1,683$837$527
50 years$10,837$5,951$3,102$1,556$760$473

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,100,000, adding $6,006 every year, while hoping to spend $56,500 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: 75/7/18 Blend
73$11,100,000$11,100,000$11,100,000$11,100,000
74$12,238,395$11,650,095$11,478,045$13,105,228
75$13,426,596$12,160,834$11,802,444$14,190,828
76$14,734,100$12,694,706$12,135,817$15,372,862
77$16,173,015$13,252,784$12,478,404$16,667,005
78$17,756,685$13,836,193$12,830,453$18,084,413
79$19,499,812$14,446,111$13,192,218$19,637,371
80$21,418,593$15,083,771$13,563,958$21,339,406
81$23,530,879$15,750,465$13,945,940$23,205,416
82$25,856,337$16,447,547$14,338,437$25,251,806
83$28,416,639$17,176,432$14,741,731$27,496,645
84$31,235,665$17,938,606$15,156,107$29,959,831
85$34,339,728$18,735,623$15,581,862$32,663,283
86$37,757,824$19,569,112$16,019,298$35,631,140
87$41,521,902$20,440,778$16,468,724$38,889,992
88$45,667,168$21,352,408$16,930,459$42,469,128
89$50,232,417$22,305,874$17,404,827$46,400,810
90$55,260,399$23,303,137$17,892,164$50,720,577
91$60,798,219$24,346,251$18,392,811$55,467,576
92$66,897,787$25,437,366$18,907,120$60,684,933
93$73,616,302$26,578,738$19,435,449$66,420,158
94$81,016,797$27,772,728$19,978,168$72,725,588
95$89,168,728$29,021,810$20,535,655$79,658,882
96$98,148,635$30,328,576$21,108,297$87,283,562
97$108,040,861$31,695,741$21,696,489$95,669,611
98$118,938,347$33,126,150$22,300,640$104,894,131
99$130,943,512$34,622,786$22,921,166$115,042,067
100$144,169,218$36,188,770$23,558,493$126,207,007