Can I retire at age 74 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$990,949$982,122$973,510$965,105$956,897$919,294
2 years$490,569$481,432$472,578$463,993$455,665$418,241
3 years$323,797$314,621$305,789$297,285$289,093$253,026
4 years$240,428$231,280$222,536$214,177$206,183$171,748
5 years$190,419$181,326$172,697$164,508$156,737$124,021
6 years$157,091$148,067$139,565$131,559$124,021$93,046
7 years$133,294$124,346$115,979$108,162$100,862$71,617
8 years$115,455$106,588$98,360$90,734$83,675$56,130
9 years$101,588$92,804$84,717$77,285$70,466$44,581
10 years$90,500$81,802$73,858$66,621$60,041$35,765
11 years$81,434$72,823$65,024$57,980$51,637$28,915
12 years$73,885$65,362$57,707$50,856$44,748$23,519
13 years$67,502$59,068$51,557$44,898$39,021$19,221
14 years$62,035$53,692$46,324$39,856$34,205$15,769
15 years$57,302$49,048$41,825$35,544$30,117$12,977
16 years$53,165$45,001$37,920$31,826$26,618$10,706
17 years$49,518$41,444$34,506$28,595$23,601$8,851
18 years$46,279$38,296$31,499$25,770$20,985$7,329
19 years$43,385$35,493$28,836$23,286$18,704$6,077
20 years$40,784$32,981$26,464$21,090$16,707$5,045
21 years$38,434$30,721$24,342$19,140$14,951$4,192
22 years$36,300$28,677$22,435$17,403$13,401$3,486
23 years$34,354$26,821$20,715$15,849$12,030$2,901
24 years$32,574$25,129$19,158$14,455$10,813$2,415
25 years$30,938$23,583$17,744$13,201$9,730$2,011
26 years$29,430$22,164$16,457$12,071$8,764$1,676
27 years$28,037$20,859$15,281$11,049$7,902$1,397
28 years$26,745$19,655$14,206$10,123$7,130$1,164
29 years$25,545$18,542$13,220$9,283$6,438$971
30 years$24,427$17,511$12,314$8,519$5,817$810
31 years$23,383$16,554$11,480$7,824$5,259$675
32 years$22,406$15,663$10,711$7,191$4,757$563
33 years$21,490$14,834$10,001$6,613$4,305$470
34 years$20,630$14,059$9,344$6,084$3,898$392
35 years$19,821$13,335$8,736$5,601$3,531$327
36 years$19,059$12,656$8,172$5,158$3,199$273
37 years$18,339$12,021$7,649$4,753$2,899$228
38 years$17,659$11,424$7,163$4,381$2,629$190
39 years$17,016$10,863$6,711$4,039$2,384$159
40 years$16,406$10,335$6,290$3,725$2,162$132
41 years$15,827$9,838$5,898$3,437$1,961$111
42 years$15,278$9,370$5,533$3,172$1,780$92
43 years$14,755$8,927$5,192$2,928$1,615$77
44 years$14,258$8,510$4,873$2,704$1,466$64
45 years$13,784$8,115$4,576$2,497$1,331$54
46 years$13,332$7,741$4,298$2,307$1,209$45
47 years$12,900$7,387$4,038$2,131$1,097$37
48 years$12,488$7,052$3,794$1,969$997$31
49 years$12,094$6,735$3,567$1,820$905$26
50 years$11,716$6,433$3,353$1,682$822$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $12,000,000, adding $6,076 every year, while hoping to spend $53,546 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: 57/33/10 Blend
73$12,000,000$12,000,000$12,000,000$12,000,000
74$13,230,267$12,594,267$12,408,267$13,952,125
75$14,522,782$13,154,414$12,766,972$14,999,895
76$15,945,339$13,740,213$13,135,898$16,134,514
77$17,511,145$14,352,865$13,515,332$17,369,499
78$19,234,754$14,993,628$13,905,568$18,714,459
79$21,132,201$15,663,818$14,306,907$20,179,953
80$23,221,157$16,364,816$14,719,660$21,777,589
81$25,521,090$17,098,067$15,144,144$23,520,132
82$28,053,455$17,865,086$15,580,686$25,421,615
83$30,841,891$18,667,459$16,029,623$27,497,472
84$33,912,448$19,506,848$16,491,299$29,764,675
85$37,293,829$20,384,995$16,966,069$32,241,896
86$41,017,663$21,303,724$17,454,296$34,949,670
87$45,118,805$22,264,947$17,956,355$37,910,591
88$49,635,659$23,270,665$18,472,629$41,149,517
89$54,610,546$24,322,978$19,003,512$44,693,797
90$60,090,102$25,424,083$19,549,409$48,573,528
91$66,125,714$26,576,286$20,110,737$52,821,831
92$72,774,012$27,781,998$20,687,921$57,475,155
93$80,097,395$29,043,750$21,281,400$62,573,617
94$88,164,626$30,364,191$21,891,624$68,161,376
95$97,051,481$31,746,099$22,519,056$74,287,036
96$106,841,457$33,192,383$23,164,170$81,004,103
97$117,626,569$34,706,093$23,827,453$88,371,482
98$129,508,212$36,290,424$24,509,405$96,454,021
99$142,598,119$37,948,725$25,210,541$105,323,116
100$157,019,420$39,684,505$25,931,386$115,057,380