Can I retire at age 74 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$933,143$924,831$916,722$908,807$901,078$881,085
2 years$461,952$453,349$445,011$436,926$429,085$409,046
3 years$304,909$296,268$287,951$279,943$272,229$252,770
4 years$226,403$217,789$209,555$201,683$194,156$175,427
5 years$179,311$170,749$162,623$154,912$147,594$129,648
6 years$147,927$139,429$131,424$123,884$116,786$99,641
7 years$125,519$117,093$109,214$101,852$94,979$78,638
8 years$108,720$100,370$92,622$85,441$78,794$63,252
9 years$95,662$87,390$79,775$72,777$66,356$51,601
10 years$85,221$77,030$69,550$62,734$56,538$42,555
11 years$76,684$68,575$61,231$54,598$48,625$35,395
12 years$69,575$61,550$54,341$47,890$42,137$29,640
13 years$63,564$55,623$48,550$42,279$36,745$24,957
14 years$58,417$50,560$43,622$37,531$32,210$21,108
15 years$53,959$46,187$39,385$33,471$28,360$17,919
16 years$50,063$42,376$35,708$29,970$25,065$15,259
17 years$46,629$39,027$32,493$26,927$22,224$13,027
18 years$43,580$36,062$29,662$24,267$19,761$11,146
19 years$40,855$33,422$27,154$21,927$17,613$9,554
20 years$38,405$31,057$24,921$19,859$15,732$8,202
21 years$36,192$28,929$22,922$18,024$14,079$7,050
22 years$34,182$27,004$21,126$16,388$12,620$6,067
23 years$32,350$25,256$19,506$14,925$11,328$5,227
24 years$30,673$23,664$18,040$13,612$10,182$4,506
25 years$29,133$22,207$16,709$12,431$9,162$3,887
26 years$27,714$20,871$15,497$11,367$8,253$3,356
27 years$26,402$19,642$14,390$10,404$7,441$2,898
28 years$25,185$18,509$13,377$9,532$6,714$2,504
29 years$24,055$17,461$12,449$8,741$6,063$2,165
30 years$23,002$16,490$11,596$8,022$5,478$1,872
31 years$22,019$15,588$10,810$7,368$4,953$1,619
32 years$21,099$14,750$10,086$6,771$4,480$1,401
33 years$20,237$13,968$9,417$6,227$4,054$1,212
34 years$19,427$13,239$8,799$5,729$3,671$1,049
35 years$18,665$12,557$8,227$5,274$3,325$908
36 years$17,947$11,918$7,696$4,857$3,012$786
37 years$17,269$11,320$7,203$4,475$2,730$681
38 years$16,629$10,758$6,745$4,125$2,475$590
39 years$16,023$10,229$6,320$3,803$2,245$511
40 years$15,449$9,732$5,923$3,508$2,036$442
41 years$14,904$9,264$5,554$3,237$1,847$383
42 years$14,387$8,823$5,210$2,987$1,676$332
43 years$13,894$8,407$4,889$2,757$1,521$287
44 years$13,426$8,013$4,589$2,546$1,381$249
45 years$12,980$7,641$4,309$2,351$1,253$216
46 years$12,554$7,290$4,047$2,172$1,138$187
47 years$12,148$6,956$3,802$2,007$1,033$162
48 years$11,759$6,641$3,573$1,854$938$140
49 years$11,388$6,342$3,358$1,714$852$122
50 years$11,033$6,058$3,157$1,584$774$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,300,000, adding $4,512 every year, while hoping to spend $39,348 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: 58/12/30 Blend
73$11,300,000$11,300,000$11,300,000$11,300,000
74$12,457,254$11,858,354$11,683,204$13,076,936
75$13,686,028$12,397,548$12,032,725$14,042,055
76$15,038,818$12,961,843$12,392,637$15,089,428
77$16,528,233$13,552,428$12,763,245$16,230,754
78$18,168,164$14,170,549$13,144,866$17,475,168
79$19,973,921$14,817,510$13,537,823$18,832,721
80$21,962,373$15,494,679$13,942,452$20,314,469
81$24,152,106$16,203,490$14,359,095$21,932,580
82$26,563,604$16,945,444$14,788,108$23,700,444
83$29,219,436$17,722,115$15,229,854$25,632,800
84$32,144,473$18,535,153$15,684,708$27,745,866
85$35,366,120$19,386,286$16,153,057$30,057,497
86$38,914,576$20,277,327$16,635,297$32,587,346
87$42,823,121$21,210,174$17,131,837$35,357,050
88$47,128,423$22,186,816$17,643,098$38,390,427
89$51,870,893$23,209,341$18,169,512$41,713,702
90$57,095,059$24,279,933$18,711,525$45,355,750
91$62,849,990$25,400,885$19,269,596$49,348,365
92$69,189,757$26,574,597$19,844,196$53,726,555
93$76,173,947$27,803,586$20,435,811$58,528,873
94$83,868,219$29,090,492$21,044,941$63,797,773
95$92,344,930$30,438,078$21,672,099$69,580,010
96$101,683,813$31,849,244$22,317,814$75,927,076
97$111,972,732$33,327,028$22,982,631$82,895,682
98$123,308,512$34,874,614$23,667,111$90,548,288
99$135,797,851$36,495,340$24,371,829$98,953,691
100$149,558,326$38,192,706$25,097,380$108,187,666