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

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$982,691$973,938$965,398$957,062$948,923$941,759
2 years$486,481$477,420$468,640$460,126$451,868$444,645
3 years$321,099$311,999$303,241$294,807$286,684$279,626
4 years$238,424$229,353$220,682$212,392$204,465$197,627
5 years$188,832$179,815$171,258$163,137$155,431$148,832
6 years$155,782$146,833$138,402$130,462$122,987$116,636
7 years$132,184$123,310$115,013$107,260$100,022$93,922
8 years$114,493$105,699$97,540$89,978$82,978$77,128
9 years$100,741$92,030$84,011$76,641$69,879$64,279
10 years$89,746$81,120$73,243$66,065$59,541$54,187
11 years$80,756$72,217$64,482$57,497$51,207$46,095
12 years$73,269$64,818$57,226$50,432$44,375$39,501
13 years$66,939$58,576$51,128$44,524$38,696$34,054
14 years$61,518$53,244$45,938$39,524$33,920$29,505
15 years$56,825$48,640$41,476$35,248$29,866$25,672
16 years$52,721$44,626$37,604$31,561$26,396$22,416
17 years$49,105$41,099$34,218$28,357$23,404$19,632
18 years$45,894$37,977$31,237$25,556$20,810$17,238
19 years$43,024$35,197$28,596$23,092$18,548$15,171
20 years$40,444$32,707$26,244$20,914$16,568$13,377
21 years$38,113$30,465$24,139$18,981$14,826$11,815
22 years$35,997$28,438$22,248$17,258$13,290$10,450
23 years$34,068$26,597$20,542$15,717$11,930$9,256
24 years$32,302$24,920$18,998$14,335$10,723$8,207
25 years$30,680$23,386$17,596$13,091$9,649$7,284
26 years$29,185$21,979$16,319$11,970$8,691$6,470
27 years$27,803$20,685$15,154$10,957$7,836$5,752
28 years$26,523$19,491$14,088$10,039$7,070$5,117
29 years$25,332$18,388$13,110$9,206$6,384$4,555
30 years$24,223$17,365$12,211$8,448$5,769$4,056
31 years$23,188$16,416$11,384$7,759$5,215$3,614
32 years$22,219$15,533$10,622$7,131$4,718$3,222
33 years$21,311$14,710$9,917$6,557$4,270$2,873
34 years$20,458$13,942$9,266$6,033$3,866$2,563
35 years$19,656$13,223$8,663$5,554$3,501$2,287
36 years$18,900$12,551$8,104$5,115$3,172$2,041
37 years$18,186$11,921$7,586$4,713$2,875$1,822
38 years$17,512$11,329$7,104$4,344$2,607$1,627
39 years$16,874$10,773$6,655$4,005$2,364$1,453
40 years$16,269$10,249$6,238$3,694$2,144$1,298
41 years$15,695$9,756$5,849$3,409$1,945$1,159
42 years$15,150$9,292$5,487$3,146$1,765$1,036
43 years$14,632$8,853$5,149$2,904$1,602$926
44 years$14,139$8,439$4,833$2,681$1,454$827
45 years$13,669$8,047$4,538$2,476$1,320$739
46 years$13,221$7,677$4,262$2,287$1,198$661
47 years$12,793$7,326$4,004$2,113$1,088$591
48 years$12,384$6,994$3,763$1,953$988$528
49 years$11,993$6,678$3,537$1,805$898$472
50 years$11,619$6,379$3,325$1,668$815$422

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 $6,664 every year, while hoping to spend $52,200 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: 69/18/13 Blend
73$11,900,000$11,900,000$11,900,000$11,900,000
74$13,120,674$12,489,974$12,305,524$13,987,789
75$14,403,442$13,046,442$12,662,219$15,121,392
76$15,815,303$13,628,428$13,029,113$16,354,274
77$17,369,370$14,237,126$13,406,494$17,701,743
78$19,080,090$14,873,790$13,794,655$19,175,062
79$20,963,383$15,539,729$14,193,900$20,786,624
80$23,036,791$16,236,319$14,604,539$22,550,069
81$25,319,644$16,964,999$15,026,891$24,480,410
82$27,833,240$17,727,277$15,461,285$26,594,171
83$30,601,050$18,524,733$15,908,057$28,909,541
84$33,648,934$19,359,022$16,367,554$31,446,545
85$37,005,390$20,231,878$16,840,131$34,227,225
86$40,701,818$21,145,118$17,326,154$37,275,852
87$44,772,821$22,100,647$17,825,998$40,619,147
88$49,256,528$23,100,458$18,340,049$44,286,530
89$54,194,955$24,146,641$18,868,701$48,310,397
90$59,634,401$25,241,387$19,412,363$52,726,422
91$65,625,884$26,386,989$19,971,452$57,573,888
92$72,225,625$27,585,853$20,546,396$62,896,055
93$79,495,575$28,840,496$21,137,637$68,740,565
94$87,504,003$30,153,560$21,745,627$75,159,888
95$96,326,137$31,527,809$22,370,831$82,211,811
96$106,044,875$32,966,144$23,013,726$89,959,980
97$116,751,569$34,471,602$23,674,802$98,474,495
98$128,546,884$36,047,366$24,354,563$107,832,571
99$141,541,751$37,696,772$25,053,526$118,119,257
100$155,858,412$39,423,316$25,772,221$129,428,233