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%18.6%
1 years$982,691$973,938$965,398$957,062$948,923$915,983
2 years$486,481$477,420$468,640$460,126$451,868$419,022
3 years$321,099$311,999$303,241$294,807$286,684$254,964
4 years$238,424$229,353$220,682$212,392$204,465$174,114
5 years$188,832$179,815$171,258$163,137$155,431$126,529
6 years$155,782$146,833$138,402$130,462$122,987$95,556
7 years$132,184$123,310$115,013$107,260$100,022$74,056
8 years$114,493$105,699$97,540$89,978$82,978$58,457
9 years$100,741$92,030$84,011$76,641$69,879$46,772
10 years$89,746$81,120$73,243$66,065$59,541$37,809
11 years$80,756$72,217$64,482$57,497$51,207$30,807
12 years$73,269$64,818$57,226$50,432$44,375$25,259
13 years$66,939$58,576$51,128$44,524$38,696$20,814
14 years$61,518$53,244$45,938$39,524$33,920$17,220
15 years$56,825$48,640$41,476$35,248$29,866$14,293
16 years$52,721$44,626$37,604$31,561$26,396$11,895
17 years$49,105$41,099$34,218$28,357$23,404$9,921
18 years$45,894$37,977$31,237$25,556$20,810$8,289
19 years$43,024$35,197$28,596$23,092$18,548$6,936
20 years$40,444$32,707$26,244$20,914$16,568$5,811
21 years$38,113$30,465$24,139$18,981$14,826$4,874
22 years$35,997$28,438$22,248$17,258$13,290$4,091
23 years$34,068$26,597$20,542$15,717$11,930$3,437
24 years$32,302$24,920$18,998$14,335$10,723$2,888
25 years$30,680$23,386$17,596$13,091$9,649$2,429
26 years$29,185$21,979$16,319$11,970$8,691$2,044
27 years$27,803$20,685$15,154$10,957$7,836$1,720
28 years$26,523$19,491$14,088$10,039$7,070$1,448
29 years$25,332$18,388$13,110$9,206$6,384$1,219
30 years$24,223$17,365$12,211$8,448$5,769$1,027
31 years$23,188$16,416$11,384$7,759$5,215$865
32 years$22,219$15,533$10,622$7,131$4,718$729
33 years$21,311$14,710$9,917$6,557$4,270$614
34 years$20,458$13,942$9,266$6,033$3,866$517
35 years$19,656$13,223$8,663$5,554$3,501$436
36 years$18,900$12,551$8,104$5,115$3,172$368
37 years$18,186$11,921$7,586$4,713$2,875$310
38 years$17,512$11,329$7,104$4,344$2,607$261
39 years$16,874$10,773$6,655$4,005$2,364$220
40 years$16,269$10,249$6,238$3,694$2,144$186
41 years$15,695$9,756$5,849$3,409$1,945$156
42 years$15,150$9,292$5,487$3,146$1,765$132
43 years$14,632$8,853$5,149$2,904$1,602$111
44 years$14,139$8,439$4,833$2,681$1,454$94
45 years$13,669$8,047$4,538$2,476$1,320$79
46 years$13,221$7,677$4,262$2,287$1,198$67
47 years$12,793$7,326$4,004$2,113$1,088$56
48 years$12,384$6,994$3,763$1,953$988$47
49 years$11,993$6,678$3,537$1,805$898$40
50 years$11,619$6,379$3,325$1,668$815$34

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 $4,674 every year, while hoping to spend $26,756 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: 47/32/21 Blend
73$11,900,000$11,900,000$11,900,000$11,900,000
74$13,118,621$12,487,921$12,303,471$13,656,547
75$14,428,252$13,071,361$12,687,169$14,616,335
76$15,870,569$13,682,493$13,082,825$15,654,447
77$17,459,077$14,322,645$13,490,809$16,780,698
78$19,208,659$14,993,211$13,911,507$18,003,345
79$21,135,714$15,695,650$14,345,315$19,331,460
80$23,258,314$16,431,493$14,792,639$20,775,004
81$25,596,371$17,202,346$15,253,902$22,344,921
82$28,171,830$18,009,890$15,729,537$24,053,237
83$31,008,872$18,855,890$16,219,992$25,913,164
84$34,134,143$19,742,194$16,725,727$27,939,225
85$37,577,005$20,670,742$17,247,219$30,147,382
86$41,369,818$21,643,566$17,784,959$32,555,183
87$45,548,235$22,662,797$18,339,451$35,181,922
88$50,151,550$23,730,669$18,911,218$38,048,811
89$55,223,061$24,849,525$19,500,796$41,179,181
90$60,810,482$26,021,820$20,108,742$44,598,689
91$66,966,392$27,250,130$20,735,625$48,335,557
92$73,748,732$28,537,154$21,382,037$52,420,828
93$81,221,351$29,885,723$22,048,583$56,888,656
94$89,454,610$31,298,805$22,735,892$61,776,614
95$98,526,046$32,779,511$23,444,610$67,126,047
96$108,521,100$34,331,105$24,175,401$72,982,450
97$119,533,929$35,957,006$24,928,955$79,395,886
98$131,668,293$37,660,803$25,705,978$86,421,456
99$145,038,532$39,446,255$26,507,201$94,119,801
100$159,770,648$41,317,307$27,333,378$102,557,670