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%18.1%
1 years$933,143$924,831$916,722$908,807$901,078$871,536
2 years$461,952$453,349$445,011$436,926$429,085$399,604
3 years$304,909$296,268$287,951$279,943$272,229$243,734
4 years$226,403$217,789$209,555$201,683$194,156$166,866
5 years$179,311$170,749$162,623$154,912$147,594$121,581
6 years$147,927$139,429$131,424$123,884$116,786$92,072
7 years$125,519$117,093$109,214$101,852$94,979$71,560
8 years$108,720$100,370$92,622$85,441$78,794$56,654
9 years$95,662$87,390$79,775$72,777$66,356$45,468
10 years$85,221$77,030$69,550$62,734$56,538$36,871
11 years$76,684$68,575$61,231$54,598$48,625$30,141
12 years$69,575$61,550$54,341$47,890$42,137$24,795
13 years$63,564$55,623$48,550$42,279$36,745$20,501
14 years$58,417$50,560$43,622$37,531$32,210$17,020
15 years$53,959$46,187$39,385$33,471$28,360$14,177
16 years$50,063$42,376$35,708$29,970$25,065$11,841
17 years$46,629$39,027$32,493$26,927$22,224$9,912
18 years$43,580$36,062$29,662$24,267$19,761$8,313
19 years$40,855$33,422$27,154$21,927$17,613$6,983
20 years$38,405$31,057$24,921$19,859$15,732$5,873
21 years$36,192$28,929$22,922$18,024$14,079$4,944
22 years$34,182$27,004$21,126$16,388$12,620$4,167
23 years$32,350$25,256$19,506$14,925$11,328$3,514
24 years$30,673$23,664$18,040$13,612$10,182$2,965
25 years$29,133$22,207$16,709$12,431$9,162$2,504
26 years$27,714$20,871$15,497$11,367$8,253$2,115
27 years$26,402$19,642$14,390$10,404$7,441$1,787
28 years$25,185$18,509$13,377$9,532$6,714$1,510
29 years$24,055$17,461$12,449$8,741$6,063$1,277
30 years$23,002$16,490$11,596$8,022$5,478$1,080
31 years$22,019$15,588$10,810$7,368$4,953$914
32 years$21,099$14,750$10,086$6,771$4,480$773
33 years$20,237$13,968$9,417$6,227$4,054$654
34 years$19,427$13,239$8,799$5,729$3,671$553
35 years$18,665$12,557$8,227$5,274$3,325$468
36 years$17,947$11,918$7,696$4,857$3,012$396
37 years$17,269$11,320$7,203$4,475$2,730$335
38 years$16,629$10,758$6,745$4,125$2,475$284
39 years$16,023$10,229$6,320$3,803$2,245$240
40 years$15,449$9,732$5,923$3,508$2,036$203
41 years$14,904$9,264$5,554$3,237$1,847$172
42 years$14,387$8,823$5,210$2,987$1,676$146
43 years$13,894$8,407$4,889$2,757$1,521$123
44 years$13,426$8,013$4,589$2,546$1,381$105
45 years$12,980$7,641$4,309$2,351$1,253$89
46 years$12,554$7,290$4,047$2,172$1,138$75
47 years$12,148$6,956$3,802$2,007$1,033$63
48 years$11,759$6,641$3,573$1,854$938$54
49 years$11,388$6,342$3,358$1,714$852$45
50 years$11,033$6,058$3,157$1,584$774$39

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 $6,820 every year, while hoping to spend $48,147 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: 74/13/13 Blend
73$11,300,000$11,300,000$11,300,000$11,300,000
74$12,459,635$11,860,735$11,685,585$13,347,442
75$13,679,290$12,390,683$12,025,824$14,465,050
76$15,021,735$12,944,985$12,375,847$15,682,544
77$16,499,446$13,524,783$12,735,932$17,015,178
78$18,126,166$14,131,274$13,106,362$18,474,360
79$19,917,041$14,765,712$13,487,431$20,072,652
80$21,888,758$15,429,411$13,879,439$21,823,882
81$24,059,706$16,123,747$14,282,695$23,743,275
82$26,450,147$16,850,161$14,697,516$25,847,594
83$29,082,408$17,610,165$15,124,229$28,155,296
84$31,981,092$18,405,341$15,563,169$30,686,705
85$35,173,308$19,237,347$16,014,679$33,464,200
86$38,688,929$20,107,921$16,479,115$36,512,428
87$42,560,874$21,018,884$16,956,840$39,858,531
88$46,825,417$21,972,142$17,448,227$43,532,398
89$51,522,527$22,969,695$17,953,661$47,566,949
90$56,696,252$24,013,637$18,473,536$51,998,443
91$62,395,128$25,106,163$19,008,257$56,866,814
92$68,672,638$26,249,572$19,558,240$62,216,046
93$75,587,720$27,446,274$20,123,914$68,094,588
94$83,205,320$28,698,795$20,705,718$74,555,806
95$91,597,007$30,009,779$21,304,104$81,658,485
96$100,841,645$31,382,002$21,919,535$89,467,377
97$111,026,141$32,818,369$22,552,488$98,053,815
98$122,246,263$34,321,924$23,203,452$107,496,375
99$134,607,544$35,895,861$23,872,930$117,881,623
100$148,226,280$37,543,524$24,561,439$129,304,918