Can I retire at age 74 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$949,659$941,200$932,947$924,892$917,026$894,132
2 years$470,128$461,373$452,887$444,660$436,679$413,758
3 years$310,306$301,512$293,048$284,898$277,047$254,817
4 years$230,410$221,643$213,264$205,253$197,592$176,223
5 years$182,485$173,771$165,501$157,654$150,207$129,758
6 years$150,546$141,897$133,750$126,077$118,853$99,346
7 years$127,741$119,165$111,147$103,655$96,660$78,096
8 years$110,645$102,146$94,261$86,953$80,188$62,559
9 years$97,355$88,937$81,187$74,065$67,530$50,821
10 years$86,729$78,393$70,781$63,845$57,539$41,731
11 years$78,041$69,789$62,314$55,564$49,486$34,555
12 years$70,806$62,639$55,302$48,737$42,883$28,804
13 years$64,689$56,607$49,409$43,028$37,395$24,140
14 years$59,451$51,454$44,394$38,195$32,780$20,320
15 years$54,914$47,005$40,082$34,063$28,862$17,166
16 years$50,949$43,126$36,340$30,500$25,509$14,545
17 years$47,454$39,717$33,068$27,404$22,618$12,355
18 years$44,351$36,701$30,187$24,697$20,111$10,516
19 years$41,578$34,014$27,635$22,315$17,925$8,967
20 years$39,085$31,607$25,362$20,211$16,011$7,658
21 years$36,832$29,441$23,328$18,343$14,328$6,547
22 years$34,787$27,482$21,500$16,678$12,843$5,604
23 years$32,923$25,703$19,852$15,189$11,529$4,801
24 years$31,216$24,082$18,359$13,853$10,362$4,116
25 years$29,649$22,600$17,005$12,651$9,324$3,531
26 years$28,204$21,240$15,771$11,568$8,399$3,031
27 years$26,869$19,990$14,645$10,588$7,572$2,603
28 years$25,631$18,836$13,614$9,701$6,833$2,237
29 years$24,481$17,770$12,669$8,896$6,170$1,922
30 years$23,409$16,782$11,801$8,164$5,575$1,653
31 years$22,408$15,864$11,002$7,498$5,040$1,421
32 years$21,472$15,011$10,265$6,891$4,559$1,223
33 years$20,595$14,215$9,584$6,337$4,126$1,052
34 years$19,771$13,473$8,955$5,831$3,736$905
35 years$18,995$12,779$8,372$5,367$3,384$779
36 years$18,265$12,129$7,832$4,943$3,066$670
37 years$17,575$11,520$7,331$4,555$2,779$577
38 years$16,923$10,948$6,865$4,198$2,519$497
39 years$16,307$10,410$6,432$3,871$2,284$428
40 years$15,722$9,905$6,028$3,570$2,072$368
41 years$15,168$9,428$5,653$3,294$1,880$317
42 years$14,641$8,979$5,302$3,040$1,706$273
43 years$14,140$8,555$4,976$2,806$1,548$235
44 years$13,664$8,155$4,670$2,591$1,405$202
45 years$13,209$7,777$4,385$2,393$1,276$174
46 years$12,776$7,419$4,119$2,210$1,158$150
47 years$12,363$7,080$3,870$2,042$1,052$129
48 years$11,967$6,758$3,636$1,887$955$111
49 years$11,590$6,454$3,418$1,744$867$96
50 years$11,228$6,165$3,213$1,612$788$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,500,000, adding $2,020 every year, while hoping to spend $50,837 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: 65/16/19 Blend
73$11,500,000$11,500,000$11,500,000$11,500,000
74$12,675,084$12,065,584$11,887,334$13,438,338
75$13,913,852$12,602,707$12,231,469$14,487,917
76$15,277,271$13,164,446$12,585,429$15,628,459
77$16,778,001$13,751,952$12,949,490$16,873,669
78$18,429,993$14,366,433$13,323,933$18,233,799
79$20,248,618$15,009,154$13,709,051$19,720,129
80$22,250,813$15,681,439$14,105,141$21,345,071
81$24,455,243$16,384,677$14,512,510$23,122,289
82$26,882,473$17,120,321$14,931,474$25,066,819
83$29,555,163$17,889,895$15,362,356$27,195,213
84$32,498,284$18,694,994$15,805,489$29,525,690
85$35,739,350$19,537,290$16,261,215$32,078,307
86$39,308,683$20,418,535$16,729,884$34,875,145
87$43,239,690$21,340,565$17,211,856$37,940,515
88$47,569,188$22,305,303$17,707,503$41,301,182
89$52,337,745$23,314,763$18,217,205$44,986,620
90$57,590,065$24,371,055$18,741,350$49,029,280
91$63,375,408$25,476,394$19,280,342$53,464,899
92$69,748,057$26,633,095$19,834,591$58,332,829
93$76,767,830$27,843,587$20,404,521$63,676,408
94$84,500,642$29,110,417$20,990,566$69,543,364
95$93,019,129$30,436,249$21,593,172$75,986,263
96$102,403,334$31,823,879$22,212,797$83,062,996
97$112,741,460$33,276,235$22,849,912$90,837,329
98$124,130,704$34,796,385$23,504,999$99,379,494
99$136,678,174$36,387,546$24,178,554$108,766,850
100$150,501,898$38,053,087$24,871,086$119,084,606