Can I retire at age 74 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$966,175$957,569$949,172$940,977$932,974$919,792
2 years$478,304$469,397$460,763$452,393$444,274$431,018
3 years$315,702$306,756$298,144$289,852$281,865$268,948
4 years$234,417$225,498$216,973$208,822$201,029$188,550
5 years$185,659$176,793$168,380$160,396$152,819$140,815
6 years$153,164$144,365$136,076$128,270$120,920$109,405
7 years$129,962$121,237$113,080$105,458$98,341$87,319
8 years$112,569$103,923$95,901$88,466$81,583$71,052
9 years$99,048$90,484$82,599$75,353$68,705$58,660
10 years$88,237$79,757$72,012$64,955$58,540$48,974
11 years$79,398$71,003$63,398$56,530$50,346$41,250
12 years$72,038$63,728$56,264$49,585$43,629$34,992
13 years$65,814$57,592$50,268$43,776$38,045$29,856
14 years$60,484$52,349$45,166$38,859$33,350$25,595
15 years$55,870$47,822$40,779$34,656$29,364$22,030
16 years$51,835$43,876$36,972$31,030$25,952$19,025
17 years$48,280$40,408$33,643$27,881$23,011$16,476
18 years$45,122$37,339$30,712$25,126$20,460$14,304
19 years$42,301$34,605$28,115$22,704$18,237$12,443
20 years$39,765$32,157$25,803$20,562$16,289$10,843
21 years$37,473$29,953$23,734$18,662$14,577$9,463
22 years$35,392$27,960$21,874$16,968$13,066$8,270
23 years$33,495$26,150$20,197$15,453$11,729$7,236
24 years$31,759$24,501$18,679$14,094$10,542$6,337
25 years$30,164$22,993$17,300$12,871$9,487$5,554
26 years$28,695$21,610$16,045$11,769$8,545$4,872
27 years$27,336$20,337$14,899$10,772$7,704$4,276
28 years$26,077$19,164$13,851$9,870$6,952$3,755
29 years$24,906$18,079$12,889$9,051$6,277$3,300
30 years$23,816$17,074$12,006$8,306$5,672$2,901
31 years$22,798$16,140$11,193$7,629$5,128$2,551
32 years$21,846$15,272$10,443$7,011$4,638$2,244
33 years$20,953$14,463$9,751$6,447$4,198$1,975
34 years$20,114$13,707$9,111$5,932$3,801$1,738
35 years$19,326$13,001$8,518$5,461$3,442$1,530
36 years$18,582$12,340$7,968$5,029$3,119$1,347
37 years$17,881$11,720$7,458$4,634$2,827$1,187
38 years$17,218$11,138$6,984$4,271$2,563$1,045
39 years$16,590$10,592$6,543$3,938$2,324$921
40 years$15,996$10,077$6,133$3,632$2,108$811
41 years$15,432$9,592$5,751$3,351$1,912$715
42 years$14,896$9,135$5,395$3,093$1,735$630
43 years$14,386$8,704$5,062$2,855$1,575$555
44 years$13,901$8,297$4,752$2,636$1,430$489
45 years$13,439$7,912$4,462$2,435$1,298$431
46 years$12,998$7,548$4,190$2,249$1,178$380
47 years$12,578$7,203$3,937$2,078$1,070$335
48 years$12,176$6,876$3,700$1,920$972$295
49 years$11,791$6,566$3,477$1,774$883$260
50 years$11,423$6,272$3,269$1,640$802$230

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,700,000, adding $3,184 every year, while hoping to spend $47,927 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: 57/38/5 Blend
73$11,700,000$11,700,000$11,700,000$11,700,000
74$12,896,684$12,276,584$12,095,234$13,619,379
75$14,161,152$12,827,143$12,449,431$14,655,666
76$15,552,989$13,403,073$12,813,886$15,778,471
77$17,085,137$14,005,566$13,188,894$17,000,549
78$18,771,855$14,635,873$13,574,756$18,331,370
79$20,628,855$15,295,301$13,971,781$19,781,342
80$22,673,450$15,985,223$14,380,288$21,361,903
81$24,924,719$16,707,076$14,800,604$23,085,626
82$27,403,682$17,462,364$15,233,066$24,966,335
83$30,133,503$18,252,666$15,678,020$27,019,224
84$33,139,708$19,079,634$16,135,821$29,261,006
85$36,450,422$19,945,000$16,606,835$31,710,056
86$40,096,638$20,850,578$17,091,437$34,386,586
87$44,112,510$21,798,270$17,590,014$37,312,825
88$48,535,669$22,790,069$18,102,963$40,513,229
89$53,407,587$23,828,062$18,630,692$44,014,699
90$58,773,960$24,914,437$19,173,620$47,846,834
91$64,685,146$26,051,486$19,732,178$52,042,201
92$71,196,635$27,241,613$20,306,810$56,636,637
93$78,369,574$28,487,334$20,897,970$61,669,578
94$86,271,345$29,791,288$21,506,127$67,184,425
95$94,976,202$31,156,240$22,131,761$73,228,948
96$104,565,966$32,585,088$22,775,368$79,855,723
97$115,130,807$34,080,869$23,437,454$87,122,625
98$126,770,082$35,646,765$24,118,542$95,093,361
99$139,593,286$37,286,112$24,819,169$103,838,067
100$153,721,075$39,002,406$25,539,885$113,433,954