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%17.4%
1 years$982,691$973,938$965,398$957,062$948,923$920,391
2 years$486,481$477,420$468,640$460,126$451,868$423,363
3 years$321,099$311,999$303,241$294,807$286,684$259,099
4 years$238,424$229,353$220,682$212,392$204,465$178,012
5 years$188,832$179,815$171,258$163,137$155,431$130,182
6 years$155,782$146,833$138,402$130,462$122,987$98,965
7 years$132,184$123,310$115,013$107,260$100,022$77,224
8 years$114,493$105,699$97,540$89,978$82,978$61,391
9 years$100,741$92,030$84,011$76,641$69,879$49,481
10 years$89,746$81,120$73,243$66,065$59,541$40,302
11 years$80,756$72,217$64,482$57,497$51,207$33,094
12 years$73,269$64,818$57,226$50,432$44,375$27,352
13 years$66,939$58,576$51,128$44,524$38,696$22,723
14 years$61,518$53,244$45,938$39,524$33,920$18,956
15 years$56,825$48,640$41,476$35,248$29,866$15,868
16 years$52,721$44,626$37,604$31,561$26,396$13,321
17 years$49,105$41,099$34,218$28,357$23,404$11,208
18 years$45,894$37,977$31,237$25,556$20,810$9,449
19 years$43,024$35,197$28,596$23,092$18,548$7,979
20 years$40,444$32,707$26,244$20,914$16,568$6,747
21 years$38,113$30,465$24,139$18,981$14,826$5,711
22 years$35,997$28,438$22,248$17,258$13,290$4,839
23 years$34,068$26,597$20,542$15,717$11,930$4,103
24 years$32,302$24,920$18,998$14,335$10,723$3,482
25 years$30,680$23,386$17,596$13,091$9,649$2,956
26 years$29,185$21,979$16,319$11,970$8,691$2,511
27 years$27,803$20,685$15,154$10,957$7,836$2,134
28 years$26,523$19,491$14,088$10,039$7,070$1,814
29 years$25,332$18,388$13,110$9,206$6,384$1,543
30 years$24,223$17,365$12,211$8,448$5,769$1,312
31 years$23,188$16,416$11,384$7,759$5,215$1,116
32 years$22,219$15,533$10,622$7,131$4,718$950
33 years$21,311$14,710$9,917$6,557$4,270$808
34 years$20,458$13,942$9,266$6,033$3,866$688
35 years$19,656$13,223$8,663$5,554$3,501$586
36 years$18,900$12,551$8,104$5,115$3,172$499
37 years$18,186$11,921$7,586$4,713$2,875$425
38 years$17,512$11,329$7,104$4,344$2,607$362
39 years$16,874$10,773$6,655$4,005$2,364$308
40 years$16,269$10,249$6,238$3,694$2,144$262
41 years$15,695$9,756$5,849$3,409$1,945$223
42 years$15,150$9,292$5,487$3,146$1,765$190
43 years$14,632$8,853$5,149$2,904$1,602$162
44 years$14,139$8,439$4,833$2,681$1,454$138
45 years$13,669$8,047$4,538$2,476$1,320$117
46 years$13,221$7,677$4,262$2,287$1,198$100
47 years$12,793$7,326$4,004$2,113$1,088$85
48 years$12,384$6,994$3,763$1,953$988$73
49 years$11,993$6,678$3,537$1,805$898$62
50 years$11,619$6,379$3,325$1,668$815$53

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 $3,836 every year, while hoping to spend $41,799 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: 53/32/15 Blend
73$11,900,000$11,900,000$11,900,000$11,900,000
74$13,117,757$12,487,057$12,302,607$13,760,128
75$14,411,294$13,054,449$12,670,270$14,766,712
76$15,835,371$13,648,242$13,048,850$15,856,577
77$17,403,260$14,269,686$13,438,666$17,041,463
78$19,129,582$14,920,090$13,840,051$18,330,403
79$21,030,451$15,600,827$14,253,345$19,733,320
80$23,123,623$16,313,334$14,678,898$21,261,122
81$25,428,663$17,059,117$15,117,072$22,925,799
82$27,967,130$17,839,757$15,568,236$24,740,528
83$30,762,779$18,656,907$16,032,774$26,719,802
84$33,841,789$19,512,302$16,511,079$28,879,551
85$37,233,006$20,407,760$17,003,555$31,237,297
86$40,968,218$21,345,184$17,510,619$33,812,309
87$45,082,450$22,326,572$18,032,698$36,625,783
88$49,614,301$23,354,016$18,570,235$39,701,032
89$54,606,304$24,429,707$19,123,683$43,063,704
90$60,105,330$25,555,945$19,693,508$46,742,019
91$66,163,024$26,735,138$20,280,192$50,767,025
92$72,836,303$27,969,810$20,884,229$55,172,888
93$80,187,883$29,262,607$21,506,127$59,997,205
94$88,286,876$30,616,304$22,146,411$65,281,355
95$97,209,440$32,033,806$22,805,619$71,070,877
96$107,039,501$33,518,160$23,484,305$77,415,899
97$117,869,542$35,072,561$24,183,041$84,371,596
98$129,801,474$36,700,357$24,902,412$91,998,707
99$142,947,605$38,405,055$25,643,024$100,364,096
100$157,431,693$40,190,334$26,405,497$109,541,378