Can I retire at age 74 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$924,886$916,647$908,609$900,764$893,104$875,429
2 years$457,864$449,337$441,073$433,060$425,287$407,556
3 years$302,211$293,647$285,403$277,466$269,820$252,583
4 years$224,399$215,861$207,700$199,898$192,438$175,829
5 years$177,725$169,238$161,184$153,541$146,288$130,355
6 years$146,618$138,195$130,261$122,788$115,753$100,513
7 years$124,408$116,056$108,247$100,951$94,138$79,594
8 years$107,758$99,482$91,802$84,685$78,097$64,245
9 years$94,815$86,617$79,069$72,133$65,769$52,600
10 years$84,467$76,348$68,934$62,179$56,038$43,540
11 years$76,005$67,969$60,689$54,115$48,195$36,352
12 years$68,959$61,005$53,860$47,466$41,764$30,560
13 years$63,002$55,131$48,120$41,905$36,419$25,835
14 years$57,900$50,112$43,236$37,199$31,925$21,940
15 years$53,482$45,778$39,036$33,175$28,109$18,703
16 years$49,620$42,001$35,392$29,704$24,843$15,994
17 years$46,216$38,681$32,205$26,689$22,028$13,714
18 years$43,194$35,743$29,399$24,052$19,586$11,785
19 years$40,493$33,126$26,914$21,733$17,457$10,147
20 years$38,065$30,783$24,700$19,684$15,593$8,750
21 years$35,871$28,673$22,719$17,864$13,954$7,557
22 years$33,880$26,765$20,939$16,243$12,508$6,533
23 years$32,064$25,033$19,334$14,793$11,228$5,654
24 years$30,402$23,454$17,881$13,492$10,092$4,898
25 years$28,875$22,010$16,561$12,321$9,081$4,246
26 years$27,468$20,686$15,359$11,266$8,180$3,683
27 years$26,168$19,468$14,263$10,312$7,375$3,196
28 years$24,962$18,345$13,259$9,448$6,655$2,775
29 years$23,842$17,306$12,339$8,664$6,009$2,411
30 years$22,798$16,344$11,493$7,951$5,429$2,095
31 years$21,824$15,450$10,715$7,303$4,909$1,821
32 years$20,912$14,619$9,997$6,711$4,440$1,584
33 years$20,058$13,845$9,334$6,172$4,018$1,377
34 years$19,255$13,122$8,721$5,679$3,638$1,198
35 years$18,500$12,446$8,154$5,227$3,295$1,042
36 years$17,788$11,813$7,628$4,814$2,986$907
37 years$17,117$11,219$7,139$4,436$2,706$789
38 years$16,482$10,662$6,686$4,089$2,453$687
39 years$15,881$10,139$6,264$3,770$2,225$598
40 years$15,312$9,646$5,871$3,477$2,018$521
41 years$14,772$9,182$5,505$3,208$1,831$453
42 years$14,259$8,745$5,164$2,961$1,661$395
43 years$13,771$8,332$4,846$2,733$1,508$344
44 years$13,307$7,942$4,549$2,524$1,368$299
45 years$12,865$7,574$4,271$2,331$1,242$261
46 years$12,443$7,225$4,011$2,153$1,128$227
47 years$12,040$6,895$3,769$1,989$1,024$198
48 years$11,655$6,582$3,541$1,838$930$172
49 years$11,287$6,286$3,329$1,698$845$150
50 years$10,935$6,004$3,130$1,570$767$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,200,000, adding $5,829 every year, while hoping to spend $51,455 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: 45/31/24 Blend
73$11,200,000$11,200,000$11,200,000$11,200,000
74$12,348,413$11,754,813$11,581,213$12,818,314
75$13,553,203$12,276,051$11,914,436$13,672,124
76$14,879,157$12,821,105$12,257,097$14,592,023
77$16,338,580$13,391,088$12,609,458$15,588,627
78$17,945,029$13,987,165$12,971,789$16,669,103
79$19,713,444$14,610,557$13,344,365$17,841,325
80$21,660,284$15,262,544$13,727,471$19,113,943
81$23,803,688$15,944,463$14,121,396$20,496,459
82$26,163,642$16,657,720$14,526,440$21,999,315
83$28,762,168$17,403,783$14,942,911$23,633,986
84$31,623,534$18,184,194$15,371,124$25,413,085
85$34,774,480$19,000,564$15,811,401$27,350,479
86$38,244,470$19,854,585$16,264,077$29,461,411
87$42,065,974$20,748,028$16,729,491$31,762,642
88$46,274,769$21,682,747$17,207,995$34,272,606
89$50,910,280$22,660,686$17,699,947$37,011,574
90$56,015,951$23,683,882$18,205,718$40,001,845
91$61,639,655$24,754,469$18,725,686$43,267,946
92$67,834,143$25,874,681$19,260,240$46,836,862
93$74,657,548$27,046,863$19,809,780$50,738,280
94$82,173,926$28,273,467$20,374,716$55,004,866
95$90,453,866$29,557,066$20,955,468$59,672,566
96$99,575,153$30,900,355$21,552,469$64,780,938
97$109,623,503$32,306,157$22,166,162$70,373,517
98$120,693,374$33,777,432$22,797,001$76,498,219
99$132,888,851$35,317,280$23,445,454$83,207,785
100$146,324,637$36,928,950$24,112,000$90,560,271