Can I retire at age 74 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$972,601
2 years$502,833$493,468$484,392$475,592$467,057$458,774
3 years$331,892$322,487$313,434$304,717$296,320$288,229
4 years$246,438$237,062$228,100$219,531$211,338$203,502
5 years$195,180$185,859$177,015$168,621$160,656$153,097
6 years$161,018$151,768$143,054$134,848$127,121$119,849
7 years$136,627$127,455$118,879$110,866$103,384$96,402
8 years$118,342$109,252$100,818$93,002$85,767$79,075
9 years$104,127$95,124$86,835$79,217$72,228$65,825
10 years$92,762$83,847$75,705$68,286$61,542$55,423
11 years$83,470$74,644$66,649$59,429$52,928$47,089
12 years$75,732$66,996$59,149$52,128$45,866$40,301
13 years$69,189$60,545$52,846$46,021$39,996$34,700
14 years$63,586$55,034$47,482$40,852$35,061$30,025
15 years$58,735$50,274$42,870$36,433$30,870$26,089
16 years$54,494$46,126$38,868$32,622$27,283$22,749
17 years$50,755$42,480$35,369$29,310$24,191$19,896
18 years$47,436$39,254$32,287$26,415$21,510$17,446
19 years$44,470$36,380$29,557$23,868$19,172$15,331
20 years$41,804$33,806$27,126$21,617$17,125$13,499
21 years$39,395$31,489$24,951$19,619$15,325$11,905
22 years$37,207$29,394$22,996$17,838$13,736$10,514
23 years$35,213$27,491$21,233$16,245$12,331$9,298
24 years$33,388$25,758$19,637$14,817$11,083$8,232
25 years$31,711$24,172$18,187$13,531$9,973$7,294
26 years$30,166$22,718$16,868$12,372$8,983$6,470
27 years$28,738$21,380$15,663$11,325$8,099$5,742
28 years$27,414$20,147$14,561$10,376$7,308$5,100
29 years$26,184$19,006$13,550$9,515$6,599$4,533
30 years$25,037$17,949$12,622$8,732$5,963$4,030
31 years$23,967$16,968$11,767$8,020$5,391$3,585
32 years$22,966$16,055$10,979$7,371$4,876$3,190
33 years$22,027$15,204$10,251$6,778$4,413$2,840
34 years$21,146$14,410$9,578$6,236$3,996$2,529
35 years$20,317$13,668$8,955$5,741$3,619$2,253
36 years$19,535$12,973$8,377$5,287$3,279$2,008
37 years$18,798$12,321$7,841$4,871$2,972$1,789
38 years$18,101$11,710$7,342$4,490$2,694$1,595
39 years$17,441$11,135$6,879$4,140$2,443$1,422
40 years$16,816$10,594$6,448$3,819$2,216$1,268
41 years$16,223$10,084$6,046$3,523$2,010$1,131
42 years$15,660$9,604$5,671$3,251$1,824$1,009
43 years$15,124$9,151$5,322$3,001$1,656$900
44 years$14,614$8,722$4,995$2,771$1,503$803
45 years$14,128$8,318$4,690$2,559$1,364$716
46 years$13,665$7,935$4,405$2,364$1,239$639
47 years$13,223$7,572$4,139$2,184$1,125$570
48 years$12,800$7,229$3,889$2,018$1,022$509
49 years$12,396$6,903$3,656$1,865$928$454
50 years$12,009$6,594$3,437$1,724$843$405

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $12,300,000, adding $5,876 every year, while hoping to spend $39,390 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: 78/16/6 Blend
73$12,300,000$12,300,000$12,300,000$12,300,000
74$13,560,661$12,908,761$12,718,111$14,610,916
75$14,901,938$13,499,380$13,102,257$15,891,064
76$16,378,705$14,117,618$13,497,952$17,288,854
77$18,004,740$14,764,789$13,905,541$18,820,546
78$19,795,226$15,442,267$14,325,379$20,499,444
79$21,766,893$16,151,491$14,757,833$22,340,192
80$23,938,175$16,893,974$15,203,280$24,358,914
81$26,329,387$17,671,296$15,662,107$26,573,359
82$28,962,912$18,485,117$16,134,715$29,003,072
83$31,863,416$19,337,175$16,621,515$31,669,572
84$35,058,080$20,229,292$17,122,931$34,596,554
85$38,576,854$21,163,377$17,639,399$37,810,110
86$42,452,742$22,141,432$18,171,369$41,338,974
87$46,722,115$23,165,555$18,719,303$45,214,788
88$51,425,048$24,237,945$19,283,677$49,472,400
89$56,605,704$25,360,905$19,864,981$54,150,186
90$62,312,750$26,536,853$20,463,722$59,290,415
91$68,599,812$27,768,321$21,080,418$64,939,641
92$75,525,985$29,057,961$21,715,605$71,149,138
93$83,156,392$30,408,558$22,369,834$77,975,383
94$91,562,793$31,823,026$23,043,672$85,480,584
95$100,824,267$33,304,423$23,737,705$93,733,264
96$111,027,957$34,855,955$24,452,532$102,808,903
97$122,269,891$36,480,979$25,188,774$112,790,644
98$134,655,890$38,183,017$25,947,068$123,770,079
99$148,302,567$39,965,761$26,728,071$135,848,103
100$163,338,426$41,833,080$27,532,459$149,135,866