Can I retire at age 74 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$957,917$949,385$941,060$932,934$925,000$905,954
2 years$474,216$465,385$456,825$448,526$440,476$421,374
3 years$313,004$304,134$295,596$287,375$279,456$260,894
4 years$232,413$223,571$215,118$207,038$199,311$181,431
5 years$184,072$175,282$166,941$159,025$151,513$134,367
6 years$151,855$143,131$134,913$127,173$119,887$103,493
7 years$128,851$120,201$112,113$104,556$97,500$81,862
8 years$111,607$103,035$95,081$87,710$80,886$65,999
9 years$98,201$89,710$81,893$74,709$68,118$53,971
10 years$87,483$79,075$71,396$64,400$58,040$44,620
11 years$78,720$70,396$62,856$56,047$49,916$37,207
12 years$71,422$63,184$55,783$49,161$43,256$31,238
13 years$65,252$57,100$49,839$43,402$37,720$26,373
14 years$59,968$51,902$44,780$38,527$33,065$22,367
15 years$55,392$47,413$40,431$34,360$29,113$19,040
16 years$51,392$43,501$36,656$30,765$25,730$16,260
17 years$47,867$40,063$33,356$27,642$22,814$13,922
18 years$44,737$37,020$30,449$24,911$20,285$11,946
19 years$41,939$34,309$27,875$22,509$18,081$10,270
20 years$39,425$31,882$25,582$20,387$16,150$8,843
21 years$37,153$29,697$23,531$18,502$14,453$7,625
22 years$35,090$27,721$21,687$16,823$12,955$6,582
23 years$33,209$25,927$20,024$15,321$11,629$5,688
24 years$31,488$24,292$18,519$13,973$10,452$4,919
25 years$29,907$22,797$17,152$12,761$9,405$4,257
26 years$28,449$21,425$15,908$11,668$8,472$3,687
27 years$27,102$20,164$14,772$10,680$7,638$3,195
28 years$25,854$19,000$13,732$9,785$6,892$2,770
29 years$24,694$17,924$12,779$8,973$6,223$2,402
30 years$23,613$16,928$11,903$8,235$5,623$2,084
31 years$22,603$16,002$11,097$7,564$5,084$1,808
32 years$21,659$15,141$10,354$6,951$4,599$1,570
33 years$20,774$14,339$9,667$6,392$4,162$1,363
34 years$19,943$13,590$9,033$5,881$3,768$1,184
35 years$19,160$12,890$8,445$5,414$3,413$1,028
36 years$18,423$12,235$7,900$4,986$3,092$893
37 years$17,728$11,620$7,394$4,594$2,803$776
38 years$17,071$11,043$6,924$4,235$2,541$674
39 years$16,449$10,501$6,487$3,904$2,304$586
40 years$15,859$9,991$6,081$3,601$2,090$509
41 years$15,300$9,510$5,702$3,323$1,896$443
42 years$14,768$9,057$5,348$3,066$1,720$385
43 years$14,263$8,630$5,019$2,831$1,561$334
44 years$13,782$8,226$4,711$2,614$1,417$291
45 years$13,324$7,844$4,423$2,414$1,287$253
46 years$12,887$7,483$4,155$2,230$1,168$220
47 years$12,470$7,141$3,903$2,060$1,061$191
48 years$12,072$6,817$3,668$1,903$963$166
49 years$11,690$6,510$3,448$1,759$875$144
50 years$11,326$6,219$3,241$1,626$795$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,600,000, adding $4,814 every year, while hoping to spend $52,378 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: 35/46/19 Blend
73$11,600,000$11,600,000$11,600,000$11,600,000
74$12,788,166$12,173,366$11,993,566$13,161,327
75$14,036,829$12,714,131$12,339,620$13,975,751
76$15,411,100$13,279,638$12,695,512$14,848,686
77$16,923,736$13,871,044$13,061,516$15,789,474
78$18,588,793$14,489,561$13,437,913$16,804,178
79$20,421,760$15,136,459$13,824,992$17,899,440
80$22,439,701$15,813,068$14,223,052$19,082,545
81$24,661,423$16,520,780$14,632,396$20,361,475
82$27,107,646$17,261,056$15,053,339$21,744,991
83$29,801,202$18,035,425$15,486,202$23,242,700
84$32,767,251$18,845,487$15,931,317$24,865,143
85$36,033,517$19,692,922$16,389,022$26,623,890
86$39,630,548$20,579,487$16,859,666$28,531,641
87$43,592,007$21,507,025$17,343,608$30,602,338
88$47,954,987$22,477,465$17,841,215$32,851,293
89$52,760,364$23,492,829$18,352,864$35,295,321
90$58,053,180$24,555,237$18,878,944$37,952,892
91$63,883,068$25,666,907$19,419,851$40,844,301
92$70,304,721$26,830,165$19,975,996$43,991,845
93$77,378,408$28,047,449$20,547,798$47,420,028
94$85,170,544$29,321,312$21,135,687$51,155,784
95$93,754,312$30,654,429$21,740,106$55,228,717
96$103,210,361$32,049,605$22,361,508$59,671,376
97$113,627,560$33,509,778$23,000,361$64,519,547
98$125,103,840$35,038,025$23,657,142$69,812,582
99$137,747,118$36,637,575$24,332,342$75,593,758
100$151,676,314$38,311,807$25,026,466$81,910,674