Can I retire at age 74 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,007,465$998,491$989,735$981,190$972,845$967,119
2 years$498,745$489,456$480,454$471,726$463,260$457,483
3 years$329,194$319,865$310,886$302,239$293,911$288,262
4 years$244,435$235,135$226,245$217,746$209,620$204,143
5 years$193,593$184,348$175,575$167,250$159,350$154,060
6 years$159,709$150,534$141,891$133,751$126,088$120,993
7 years$135,516$126,419$117,912$109,964$102,543$97,645
8 years$117,379$108,364$99,999$92,246$85,069$80,369
9 years$103,281$94,350$86,129$78,573$71,641$67,136
10 years$92,008$83,165$75,089$67,731$61,042$56,731
11 years$82,791$74,037$66,107$58,946$52,498$48,378
12 years$75,116$66,452$58,669$51,704$45,493$41,561
13 years$68,627$60,053$52,416$45,647$39,671$35,922
14 years$63,069$54,586$47,096$40,520$34,776$31,206
15 years$58,257$49,866$42,522$36,137$30,619$27,224
16 years$54,051$45,751$38,552$32,357$27,061$23,835
17 years$50,343$42,135$35,081$29,072$23,994$20,933
18 years$47,051$38,934$32,024$26,200$21,335$18,433
19 years$44,109$36,084$29,317$23,674$19,016$16,268
20 years$41,464$33,531$26,906$21,441$16,986$14,386
21 years$39,074$31,233$24,748$19,459$15,200$12,744
22 years$36,905$29,155$22,809$17,693$13,625$11,306
23 years$34,927$27,268$21,060$16,113$12,230$10,044
24 years$33,116$25,548$19,477$14,696$10,993$8,933
25 years$31,453$23,976$18,040$13,421$9,892$7,952
26 years$29,921$22,533$16,731$12,272$8,910$7,086
27 years$28,504$21,206$15,536$11,233$8,033$6,320
28 years$27,191$19,983$14,443$10,292$7,249$5,640
29 years$25,971$18,851$13,440$9,438$6,545$5,036
30 years$24,834$17,803$12,519$8,661$5,914$4,500
31 years$23,772$16,830$11,671$7,955$5,347$4,023
32 years$22,779$15,925$10,889$7,311$4,837$3,598
33 years$21,848$15,081$10,167$6,723$4,377$3,219
34 years$20,974$14,293$9,500$6,186$3,963$2,881
35 years$20,152$13,557$8,882$5,694$3,590$2,579
36 years$19,376$12,867$8,309$5,244$3,252$2,310
37 years$18,645$12,221$7,777$4,832$2,948$2,069
38 years$17,954$11,614$7,283$4,454$2,672$1,853
39 years$17,299$11,044$6,823$4,106$2,423$1,661
40 years$16,679$10,508$6,395$3,788$2,198$1,489
41 years$16,091$10,002$5,997$3,495$1,994$1,334
42 years$15,532$9,526$5,625$3,225$1,809$1,196
43 years$15,001$9,076$5,278$2,977$1,642$1,073
44 years$14,495$8,651$4,955$2,749$1,491$962
45 years$14,013$8,250$4,652$2,539$1,353$863
46 years$13,554$7,870$4,370$2,345$1,229$774
47 years$13,115$7,511$4,105$2,166$1,116$694
48 years$12,696$7,170$3,858$2,002$1,013$623
49 years$12,295$6,847$3,626$1,850$920$559
50 years$11,911$6,540$3,409$1,710$836$501

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $12,200,000, adding $4,959 every year, while hoping to spend $46,151 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: 54/32/14 Blend
73$12,200,000$12,200,000$12,200,000$12,200,000
74$13,449,515$12,802,915$12,613,815$14,125,927
75$14,772,261$13,381,154$12,987,274$15,165,297
76$16,228,381$13,986,179$13,371,696$16,290,638
77$17,831,429$14,619,255$13,767,402$17,514,466
78$19,596,343$15,281,707$14,174,717$18,846,161
79$21,539,580$15,974,920$14,593,980$20,296,032
80$23,679,276$16,700,350$15,025,537$21,875,408
81$26,035,415$17,459,520$15,469,746$23,596,746
82$28,630,016$18,254,026$15,926,972$25,473,738
83$31,487,346$19,085,541$16,397,593$27,521,440
84$34,634,140$19,955,818$16,881,998$29,756,407
85$38,099,863$20,866,694$17,380,585$32,196,847
86$41,916,981$21,820,093$17,893,766$34,862,786
87$46,121,268$22,818,033$18,421,963$37,776,251
88$50,752,149$23,862,628$18,965,610$40,961,475
89$55,853,065$24,956,094$19,525,155$44,445,117
90$61,471,886$26,100,751$20,101,056$48,256,512
91$67,661,365$27,299,033$20,693,787$52,427,934
92$74,479,629$28,553,491$21,303,834$56,994,902
93$81,990,736$29,866,797$21,931,697$61,996,505
94$90,265,272$31,241,751$22,577,890$67,475,763
95$99,381,023$32,681,290$23,242,943$73,480,025
96$109,423,704$34,188,490$23,927,398$80,061,411
97$120,487,771$35,766,576$24,631,816$87,277,295
98$132,677,314$37,418,928$25,356,771$95,190,834
99$146,107,033$39,149,089$26,102,856$103,871,561
100$160,903,328$40,960,771$26,870,679$113,396,027