Can I retire at age 74 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$941,401$933,016$924,835$916,849$909,052$894,360
2 years$466,040$457,361$448,949$440,793$432,882$418,121
3 years$307,607$298,890$290,500$282,420$274,638$260,267
4 years$228,406$219,716$211,409$203,468$195,874$182,004
5 years$180,898$172,260$164,062$156,283$148,900$135,571
6 years$149,236$140,663$132,587$124,981$117,820$105,046
7 years$126,630$118,129$110,180$102,754$95,819$83,605
8 years$109,682$101,258$93,442$86,197$79,491$67,835
9 years$96,508$88,163$80,481$73,421$66,943$55,838
10 years$85,975$77,712$70,165$63,290$57,039$46,476
11 years$77,362$69,182$61,772$55,081$49,055$39,024
12 years$70,191$62,094$54,821$48,313$42,510$32,998
13 years$64,127$56,115$48,979$42,653$37,070$28,062
14 years$58,934$51,007$44,008$37,863$32,495$23,977
15 years$54,437$46,596$39,733$33,767$28,611$20,566
16 years$50,506$42,751$36,024$30,235$25,287$17,699
17 years$47,042$39,372$32,781$27,166$22,421$15,274
18 years$43,965$36,381$29,924$24,482$19,936$13,212
19 years$41,216$33,718$27,394$22,121$17,769$11,451
20 years$38,745$31,332$25,141$20,035$15,872$9,942
21 years$36,512$29,185$23,125$18,183$14,203$8,644
22 years$34,485$27,243$21,313$16,533$12,731$7,525
23 years$32,637$25,480$19,679$15,057$11,428$6,559
24 years$30,945$23,873$18,200$13,733$10,272$5,721
25 years$29,391$22,404$16,857$12,541$9,243$4,995
26 years$27,959$21,056$15,634$11,467$8,326$4,364
27 years$26,635$19,816$14,517$10,496$7,507$3,815
28 years$25,408$18,672$13,496$9,617$6,773$3,337
29 years$24,268$17,615$12,559$8,819$6,116$2,920
30 years$23,205$16,636$11,698$8,093$5,526$2,557
31 years$22,214$15,726$10,906$7,433$4,996$2,239
32 years$21,286$14,880$10,175$6,831$4,520$1,961
33 years$20,416$14,092$9,501$6,282$4,090$1,719
34 years$19,599$13,356$8,877$5,780$3,703$1,506
35 years$18,830$12,668$8,299$5,321$3,354$1,321
36 years$18,106$12,024$7,764$4,900$3,039$1,158
37 years$17,422$11,420$7,267$4,515$2,754$1,016
38 years$16,776$10,853$6,805$4,162$2,497$891
39 years$16,165$10,320$6,376$3,837$2,264$781
40 years$15,586$9,819$5,976$3,539$2,054$685
41 years$15,036$9,346$5,603$3,265$1,863$601
42 years$14,514$8,901$5,256$3,014$1,691$528
43 years$14,017$8,481$4,932$2,782$1,535$463
44 years$13,545$8,084$4,630$2,569$1,393$406
45 years$13,095$7,709$4,347$2,372$1,264$357
46 years$12,665$7,354$4,083$2,191$1,148$313
47 years$12,255$7,018$3,836$2,024$1,043$275
48 years$11,863$6,700$3,605$1,871$947$241
49 years$11,489$6,398$3,388$1,729$860$212
50 years$11,130$6,111$3,185$1,598$781$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,400,000, adding $6,219 every year, while hoping to spend $52,926 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: 42/35/23 Blend
73$11,400,000$11,400,000$11,400,000$11,400,000
74$12,569,215$11,965,015$11,788,315$13,012,198
75$13,794,962$12,494,988$12,126,911$13,858,834
76$15,143,961$13,049,155$12,475,075$14,769,548
77$16,628,729$13,628,648$12,833,074$15,754,741
78$18,263,056$14,234,648$13,201,178$16,821,293
79$20,062,137$14,868,395$13,579,667$17,976,761
80$22,042,716$15,531,187$13,968,827$19,229,438
81$24,223,243$16,224,385$14,368,953$20,588,432
82$26,624,046$16,949,413$14,780,346$22,063,749
83$29,267,528$17,707,764$15,203,316$23,666,378
84$32,178,372$18,501,000$15,638,183$25,408,394
85$35,383,777$19,330,760$16,085,273$27,303,064
86$38,913,714$20,198,759$16,544,922$29,364,971
87$42,801,210$21,106,795$17,017,474$31,610,141
88$47,082,657$22,056,752$17,503,283$34,056,196
89$51,798,156$23,050,601$18,002,711$36,722,506
90$56,991,899$24,090,411$18,516,132$39,630,372
91$62,712,578$25,178,346$19,043,928$42,803,218
92$69,013,853$26,316,677$19,586,492$46,266,805
93$75,954,853$27,507,781$20,144,226$50,049,471
94$83,600,734$28,754,149$20,717,544$54,182,386
95$92,023,298$30,058,392$21,306,871$58,699,840
96$101,301,665$31,423,243$21,912,642$63,639,563
97$111,523,023$32,851,571$22,535,304$69,043,067
98$122,783,451$34,346,377$23,175,315$74,956,032
99$135,188,821$35,910,808$23,833,147$81,428,730
100$148,855,806$37,548,162$24,509,283$88,516,485