Can I retire at age 74 with 11,900,000?

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 $11,900,000?

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$982,691$973,938$965,398$957,062$948,923$924,482
2 years$486,481$477,420$468,640$460,126$451,868$427,408
3 years$321,099$311,999$303,241$294,807$286,684$262,968
4 years$238,424$229,353$220,682$212,392$204,465$181,677
5 years$188,832$179,815$171,258$163,137$155,431$133,633
6 years$155,782$146,833$138,402$130,462$122,987$102,201
7 years$132,184$123,310$115,013$107,260$100,022$80,249
8 years$114,493$105,699$97,540$89,978$82,978$64,209
9 years$100,741$92,030$84,011$76,641$69,879$52,099
10 years$89,746$81,120$73,243$66,065$59,541$42,727
11 years$80,756$72,217$64,482$57,497$51,207$35,334
12 years$73,269$64,818$57,226$50,432$44,375$29,415
13 years$66,939$58,576$51,128$44,524$38,696$24,619
14 years$61,518$53,244$45,938$39,524$33,920$20,695
15 years$56,825$48,640$41,476$35,248$29,866$17,458
16 years$52,721$44,626$37,604$31,561$26,396$14,771
17 years$49,105$41,099$34,218$28,357$23,404$12,529
18 years$45,894$37,977$31,237$25,556$20,810$10,649
19 years$43,024$35,197$28,596$23,092$18,548$9,067
20 years$40,444$32,707$26,244$20,914$16,568$7,731
21 years$38,113$30,465$24,139$18,981$14,826$6,600
22 years$35,997$28,438$22,248$17,258$13,290$5,640
23 years$34,068$26,597$20,542$15,717$11,930$4,824
24 years$32,302$24,920$18,998$14,335$10,723$4,130
25 years$30,680$23,386$17,596$13,091$9,649$3,537
26 years$29,185$21,979$16,319$11,970$8,691$3,032
27 years$27,803$20,685$15,154$10,957$7,836$2,599
28 years$26,523$19,491$14,088$10,039$7,070$2,230
29 years$25,332$18,388$13,110$9,206$6,384$1,913
30 years$24,223$17,365$12,211$8,448$5,769$1,642
31 years$23,188$16,416$11,384$7,759$5,215$1,410
32 years$22,219$15,533$10,622$7,131$4,718$1,211
33 years$21,311$14,710$9,917$6,557$4,270$1,040
34 years$20,458$13,942$9,266$6,033$3,866$893
35 years$19,656$13,223$8,663$5,554$3,501$767
36 years$18,900$12,551$8,104$5,115$3,172$659
37 years$18,186$11,921$7,586$4,713$2,875$567
38 years$17,512$11,329$7,104$4,344$2,607$487
39 years$16,874$10,773$6,655$4,005$2,364$418
40 years$16,269$10,249$6,238$3,694$2,144$360
41 years$15,695$9,756$5,849$3,409$1,945$309
42 years$15,150$9,292$5,487$3,146$1,765$266
43 years$14,632$8,853$5,149$2,904$1,602$228
44 years$14,139$8,439$4,833$2,681$1,454$196
45 years$13,669$8,047$4,538$2,476$1,320$169
46 years$13,221$7,677$4,262$2,287$1,198$145
47 years$12,793$7,326$4,004$2,113$1,088$125
48 years$12,384$6,994$3,763$1,953$988$107
49 years$11,993$6,678$3,537$1,805$898$92
50 years$11,619$6,379$3,325$1,668$815$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,900,000, adding $4,093 every year, while hoping to spend $28,390 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: 72/19/9 Blend
73$11,900,000$11,900,000$11,900,000$11,900,000
74$13,118,022$12,487,322$12,302,872$14,041,201
75$14,425,853$13,068,994$12,684,811$15,233,299
76$15,866,132$13,678,216$13,078,594$16,534,207
77$17,452,338$14,316,309$13,484,588$17,957,792
78$19,199,324$14,984,656$13,903,169$19,516,150
79$21,123,459$15,684,708$14,334,729$21,222,594
80$23,242,778$16,417,985$14,779,669$23,091,775
81$25,577,157$17,186,082$15,238,403$25,139,818
82$28,148,496$17,990,669$15,711,358$27,384,474
83$30,980,929$18,833,498$16,198,976$29,845,281
84$34,101,052$19,716,407$16,701,709$32,543,750
85$37,538,169$20,641,321$17,220,026$35,503,560
86$41,324,574$21,610,258$17,754,409$38,750,781
87$45,495,854$22,625,334$18,305,355$42,314,117
88$50,091,224$23,688,769$18,873,378$46,225,174
89$55,153,898$24,802,887$19,459,005$50,518,751
90$60,731,496$25,970,129$20,062,782$55,233,170
91$66,876,494$27,193,051$20,685,270$60,410,628
92$73,646,719$28,474,333$21,327,049$66,097,597
93$81,105,894$29,816,785$21,988,716$72,345,252
94$89,324,243$31,223,355$22,670,885$79,209,957
95$98,379,148$32,697,131$23,374,192$86,753,784
96$108,355,884$34,241,353$24,099,290$95,045,101
97$119,348,421$35,859,417$24,846,854$104,159,208
98$131,460,316$37,554,884$25,617,579$114,179,043
99$144,805,681$39,331,487$26,412,181$125,195,961
100$159,510,271$41,193,140$27,231,399$137,310,588