Can I retire at age 74 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$974,433$965,753$957,285$949,019$940,949$916,714
2 years$482,393$473,408$464,701$456,259$448,071$423,816
3 years$318,401$309,378$300,693$292,330$284,274$260,758
4 years$236,421$227,425$218,827$210,607$202,747$180,150
5 years$187,245$178,304$169,819$161,766$154,125$132,510
6 years$154,473$145,599$137,239$129,366$121,954$101,343
7 years$131,073$122,274$114,046$106,359$99,181$79,575
8 years$113,531$104,811$96,720$89,222$82,280$63,670
9 years$99,894$91,257$83,305$75,997$69,292$51,661
10 years$88,992$80,438$72,627$65,510$59,040$42,368
11 years$80,077$71,610$63,940$57,014$50,777$35,037
12 years$72,653$64,273$56,745$50,009$44,002$29,168
13 years$66,377$58,084$50,698$44,150$38,370$24,412
14 years$61,001$52,797$45,552$39,192$33,635$20,521
15 years$56,347$48,231$41,128$34,952$29,615$17,311
16 years$52,278$44,251$37,288$31,296$26,174$14,647
17 years$48,692$40,753$33,931$28,119$23,208$12,424
18 years$45,508$37,658$30,974$25,341$20,635$10,559
19 years$42,662$34,901$28,356$22,898$18,393$8,990
20 years$40,104$32,432$26,023$20,738$16,429$7,666
21 years$37,793$30,209$23,936$18,821$14,702$6,544
22 years$35,695$28,199$22,061$17,113$13,178$5,593
23 years$33,782$26,374$20,370$15,585$11,829$4,784
24 years$32,031$24,711$18,838$14,214$10,633$4,095
25 years$30,422$23,190$17,448$12,981$9,568$3,508
26 years$28,940$21,795$16,182$11,870$8,618$3,006
27 years$27,570$20,511$15,027$10,864$7,770$2,577
28 years$26,300$19,328$13,969$9,954$7,011$2,211
29 years$25,119$18,233$13,000$9,128$6,331$1,897
30 years$24,020$17,219$12,109$8,377$5,720$1,628
31 years$22,993$16,278$11,289$7,694$5,172$1,398
32 years$22,033$15,402$10,532$7,071$4,678$1,200
33 years$21,132$14,586$9,834$6,502$4,234$1,031
34 years$20,286$13,825$9,188$5,983$3,833$886
35 years$19,491$13,112$8,591$5,507$3,472$761
36 years$18,741$12,446$8,036$5,072$3,146$654
37 years$18,034$11,820$7,522$4,673$2,851$562
38 years$17,365$11,234$7,044$4,308$2,585$483
39 years$16,732$10,682$6,599$3,972$2,344$415
40 years$16,132$10,163$6,186$3,663$2,126$357
41 years$15,564$9,674$5,800$3,380$1,929$307
42 years$15,023$9,213$5,441$3,119$1,750$264
43 years$14,509$8,779$5,105$2,879$1,588$227
44 years$14,020$8,368$4,792$2,659$1,442$195
45 years$13,554$7,979$4,500$2,455$1,309$167
46 years$13,109$7,612$4,226$2,268$1,188$144
47 years$12,685$7,264$3,971$2,095$1,079$124
48 years$12,280$6,935$3,731$1,936$980$106
49 years$11,892$6,622$3,507$1,789$890$91
50 years$11,521$6,326$3,297$1,654$808$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,800,000, adding $2,801 every year, while hoping to spend $39,154 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: 58/34/8 Blend
73$11,800,000$11,800,000$11,800,000$11,800,000
74$13,006,489$12,381,089$12,198,189$13,737,386
75$14,291,492$12,946,103$12,565,169$14,794,065
76$15,706,252$13,537,490$12,943,130$15,940,601
77$17,263,964$14,156,502$13,332,400$17,189,296
78$18,979,167$14,804,449$13,733,313$18,549,938
79$20,867,880$15,482,705$14,146,218$20,033,287
80$22,947,756$16,192,710$14,571,468$21,651,168
81$25,238,247$16,935,973$15,009,433$23,416,581
82$27,760,788$17,714,075$15,460,488$25,343,823
83$30,538,997$18,528,673$15,925,023$27,448,614
84$33,598,902$19,381,505$16,403,439$29,748,242
85$36,969,182$20,274,392$16,896,146$32,261,720
86$40,681,442$21,209,240$17,403,570$35,009,965
87$44,770,506$22,188,050$17,926,147$38,015,985
88$49,274,751$23,212,917$18,464,326$41,305,093
89$54,236,465$24,286,039$19,018,570$44,905,141
90$59,702,248$25,409,719$19,589,355$48,846,774
91$65,723,451$26,586,369$20,177,173$53,163,715
92$72,356,661$27,818,519$20,782,526$57,893,076
93$79,664,235$29,108,822$21,405,936$63,075,703
94$87,714,889$30,460,056$22,047,937$68,756,551
95$96,584,344$31,875,134$22,709,079$74,985,102
96$106,356,043$33,357,112$23,389,929$81,815,828
97$117,121,938$34,909,189$24,091,070$89,308,689
98$128,983,359$36,534,723$24,813,104$97,529,699
99$142,051,966$38,237,229$25,556,648$106,551,532
100$156,450,809$40,020,395$26,322,338$116,454,205