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

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$957,917$949,385$941,060$932,934$925,000$899,357
2 years$474,216$465,385$456,825$448,526$440,476$414,833
3 years$313,004$304,134$295,596$287,375$279,456$254,615
4 years$232,413$223,571$215,118$207,038$199,311$175,462
5 years$184,072$175,282$166,941$159,025$151,513$128,723
6 years$151,855$143,131$134,913$127,173$119,887$98,178
7 years$128,851$120,201$112,113$104,556$97,500$76,872
8 years$111,607$103,035$95,081$87,710$80,886$61,327
9 years$98,201$89,710$81,893$74,709$68,118$49,610
10 years$87,483$79,075$71,396$64,400$58,040$40,558
11 years$78,720$70,396$62,856$56,047$49,916$33,434
12 years$71,422$63,184$55,783$49,161$43,256$27,742
13 years$65,252$57,100$49,839$43,402$37,720$23,140
14 years$59,968$51,902$44,780$38,527$33,065$19,385
15 years$55,392$47,413$40,431$34,360$29,113$16,296
16 years$51,392$43,501$36,656$30,765$25,730$13,739
17 years$47,867$40,063$33,356$27,642$22,814$11,611
18 years$44,737$37,020$30,449$24,911$20,285$9,832
19 years$41,939$34,309$27,875$22,509$18,081$8,340
20 years$39,425$31,882$25,582$20,387$16,150$7,084
21 years$37,153$29,697$23,531$18,502$14,453$6,025
22 years$35,090$27,721$21,687$16,823$12,955$5,129
23 years$33,209$25,927$20,024$15,321$11,629$4,370
24 years$31,488$24,292$18,519$13,973$10,452$3,726
25 years$29,907$22,797$17,152$12,761$9,405$3,178
26 years$28,449$21,425$15,908$11,668$8,472$2,713
27 years$27,102$20,164$14,772$10,680$7,638$2,317
28 years$25,854$19,000$13,732$9,785$6,892$1,979
29 years$24,694$17,924$12,779$8,973$6,223$1,691
30 years$23,613$16,928$11,903$8,235$5,623$1,446
31 years$22,603$16,002$11,097$7,564$5,084$1,236
32 years$21,659$15,141$10,354$6,951$4,599$1,057
33 years$20,774$14,339$9,667$6,392$4,162$904
34 years$19,943$13,590$9,033$5,881$3,768$773
35 years$19,160$12,890$8,445$5,414$3,413$662
36 years$18,423$12,235$7,900$4,986$3,092$566
37 years$17,728$11,620$7,394$4,594$2,803$484
38 years$17,071$11,043$6,924$4,235$2,541$415
39 years$16,449$10,501$6,487$3,904$2,304$355
40 years$15,859$9,991$6,081$3,601$2,090$304
41 years$15,300$9,510$5,702$3,323$1,896$260
42 years$14,768$9,057$5,348$3,066$1,720$222
43 years$14,263$8,630$5,019$2,831$1,561$190
44 years$13,782$8,226$4,711$2,614$1,417$163
45 years$13,324$7,844$4,423$2,414$1,287$140
46 years$12,887$7,483$4,155$2,230$1,168$119
47 years$12,470$7,141$3,903$2,060$1,061$102
48 years$12,072$6,817$3,668$1,903$963$88
49 years$11,690$6,510$3,448$1,759$875$75
50 years$11,326$6,219$3,241$1,626$795$64

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 $4,812 every year, while hoping to spend $34,729 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: 44/47/9 Blend
73$11,600,000$11,600,000$11,600,000$11,600,000
74$12,788,164$12,173,364$11,993,564$13,317,787
75$14,055,605$12,732,907$12,358,397$14,245,124
76$15,451,161$13,318,704$12,734,288$15,245,663
77$16,987,864$13,932,005$13,121,570$16,329,263
78$18,680,071$14,574,118$13,520,588$17,503,564
79$20,543,607$15,246,418$13,931,696$18,776,949
80$22,595,905$15,950,343$14,355,258$20,158,615
81$24,856,178$16,687,401$14,791,651$21,658,655
82$27,345,598$17,459,173$15,241,260$23,288,152
83$30,087,492$18,267,315$15,704,485$25,059,269
84$33,107,567$19,113,565$16,181,737$26,985,367
85$36,434,151$19,999,742$16,673,437$29,081,118
86$40,098,460$20,927,755$17,180,023$31,362,638
87$44,134,891$21,899,603$17,701,942$33,847,636
88$48,581,349$22,917,383$18,239,656$36,555,566
89$53,479,604$23,983,292$18,793,642$39,507,809
90$58,875,684$25,099,634$19,364,389$42,727,866
91$64,820,311$26,268,823$19,952,403$46,241,567
92$71,369,378$27,493,390$20,558,204$50,077,312
93$78,584,478$28,775,989$21,182,327$54,266,322
94$86,533,483$30,119,402$21,825,324$58,842,931
95$95,291,189$31,526,543$22,487,763$63,844,896
96$104,940,017$33,000,470$23,170,229$69,313,743
97$115,570,793$34,544,387$23,873,326$75,295,148
98$127,283,605$36,161,653$24,597,673$81,839,355
99$140,188,748$37,855,790$25,343,911$89,001,641
100$154,407,766$39,630,489$26,112,697$96,842,821