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

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$916,628$908,463$900,497$892,722$885,130$863,732
2 years$453,776$445,325$437,134$429,193$421,490$400,061
3 years$299,512$291,025$282,855$274,988$267,411$246,620
4 years$222,396$213,934$205,846$198,114$190,720$170,727
5 years$176,138$167,727$159,745$152,170$144,982$125,843
6 years$145,309$136,962$129,098$121,692$114,719$96,454
7 years$123,297$115,020$107,281$100,049$93,298$75,908
8 years$106,796$98,593$90,983$83,929$77,399$60,878
9 years$93,968$85,843$78,363$71,489$65,181$49,515
10 years$83,712$75,667$68,319$61,624$55,538$40,709
11 years$75,327$67,362$60,147$53,631$47,764$33,752
12 years$68,343$60,460$53,379$47,042$41,392$28,171
13 years$62,439$54,638$47,690$41,531$36,094$23,641
14 years$57,383$49,665$42,850$36,867$31,640$19,927
15 years$53,004$45,370$38,688$32,879$27,858$16,858
16 years$49,177$41,626$35,076$29,439$24,621$14,305
17 years$45,804$38,336$31,918$26,451$21,831$12,168
18 years$42,808$35,424$29,137$23,838$19,411$10,373
19 years$40,132$32,831$26,673$21,539$17,302$8,858
20 years$37,725$30,508$24,480$19,508$15,454$7,576
21 years$35,551$28,417$22,517$17,705$13,830$6,487
22 years$33,577$26,526$20,752$16,098$12,396$5,561
23 years$31,778$24,809$19,161$14,660$11,128$4,772
24 years$30,131$23,245$17,721$13,371$10,002$4,098
25 years$28,618$21,814$16,413$12,211$9,000$3,521
26 years$27,223$20,502$15,222$11,165$8,107$3,027
27 years$25,934$19,294$14,135$10,220$7,309$2,604
28 years$24,739$18,181$13,141$9,364$6,595$2,241
29 years$23,629$17,152$12,228$8,587$5,955$1,929
30 years$22,595$16,198$11,390$7,880$5,381$1,661
31 years$21,629$15,312$10,619$7,238$4,865$1,431
32 years$20,726$14,489$9,908$6,652$4,401$1,233
33 years$19,878$13,721$9,251$6,117$3,983$1,063
34 years$19,083$13,004$8,643$5,628$3,606$916
35 years$18,335$12,334$8,081$5,181$3,266$789
36 years$17,629$11,707$7,560$4,771$2,959$681
37 years$16,964$11,119$7,076$4,396$2,682$587
38 years$16,335$10,567$6,626$4,052$2,431$506
39 years$15,740$10,048$6,208$3,736$2,205$436
40 years$15,175$9,560$5,819$3,446$2,000$376
41 years$14,640$9,100$5,456$3,179$1,814$325
42 years$14,132$8,667$5,118$2,934$1,646$280
43 years$13,649$8,258$4,802$2,709$1,494$242
44 years$13,188$7,871$4,508$2,501$1,356$208
45 years$12,750$7,506$4,233$2,310$1,231$180
46 years$12,332$7,161$3,976$2,134$1,118$155
47 years$11,933$6,833$3,735$1,971$1,015$134
48 years$11,551$6,523$3,510$1,821$922$115
49 years$11,186$6,229$3,299$1,683$837$100
50 years$10,837$5,951$3,102$1,556$760$86

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 $2,152 every year, while hoping to spend $21,431 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: 68/6/26 Blend
73$11,100,000$11,100,000$11,100,000$11,100,000
74$12,234,420$11,646,120$11,474,070$12,984,009
75$13,459,528$12,193,977$11,835,649$14,035,725
76$14,808,879$12,767,961$12,208,622$15,183,282
77$16,295,123$13,369,330$12,593,349$16,438,304
78$17,932,200$13,999,401$12,990,201$17,811,420
79$19,735,471$14,659,558$13,399,558$19,314,331
80$21,721,861$15,351,249$13,821,816$20,959,919
81$23,910,025$16,075,994$14,257,381$22,762,365
82$26,320,516$16,835,386$14,706,672$24,737,286
83$28,975,985$17,631,097$15,170,122$26,901,876
84$31,901,392$18,464,876$15,648,177$29,275,070
85$35,124,240$19,338,561$16,141,297$31,877,716
86$38,674,839$20,254,078$16,649,957$34,732,777
87$42,586,589$21,213,444$17,174,647$37,865,540
88$46,896,295$22,218,777$17,715,872$41,303,854
89$51,644,517$23,272,297$18,274,154$45,078,393
90$56,875,948$24,376,330$18,850,028$49,222,939
91$62,639,842$25,533,317$19,444,051$53,774,704
92$68,990,473$26,745,816$20,056,794$58,774,673
93$75,987,651$28,016,511$20,688,846$64,267,994
94$83,697,286$29,348,215$21,340,818$70,304,396
95$92,192,010$30,743,878$22,013,335$76,938,662
96$101,551,859$32,206,592$22,707,046$84,231,137
97$111,865,035$33,739,602$23,422,619$92,248,300
98$123,228,735$35,346,308$24,160,742$101,063,384
99$135,750,066$37,030,277$24,922,127$110,757,068
100$149,547,060$38,795,249$25,707,506$121,418,233