Can I retire at age 74 with 12,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$952,574
2 years$506,921$497,480$488,330$479,459$470,854$434,767
3 years$334,590$325,109$315,982$307,194$298,729$263,909
4 years$248,442$238,989$229,954$221,316$213,056$179,769
5 years$196,766$187,371$178,454$169,992$161,962$130,294
6 years$162,327$153,002$144,217$135,944$128,155$98,129
7 years$137,738$128,491$119,845$111,767$104,224$75,833
8 years$119,304$110,140$101,638$93,759$86,464$59,682
9 years$104,974$95,897$87,541$79,861$72,815$47,607
10 years$93,517$84,529$76,320$68,841$62,042$38,362
11 years$84,149$75,251$67,191$59,913$53,358$31,157
12 years$76,348$67,541$59,630$52,551$46,239$25,461
13 years$69,752$61,037$53,276$46,395$40,322$20,908
14 years$64,103$55,481$47,869$41,184$35,346$17,238
15 years$59,212$50,683$43,219$36,729$31,121$14,257
16 years$54,937$46,501$39,184$32,887$27,505$11,822
17 years$51,168$42,826$35,656$29,549$24,388$9,824
18 years$47,822$39,573$32,549$26,629$21,684$8,177
19 years$44,832$36,676$29,797$24,062$19,328$6,817
20 years$42,144$34,081$27,347$21,793$17,264$5,689
21 years$39,715$31,745$25,154$19,778$15,449$4,753
22 years$37,510$29,633$23,183$17,983$13,848$3,974
23 years$35,499$27,715$21,405$16,377$12,431$3,325
24 years$33,659$25,967$19,796$14,937$11,173$2,784
25 years$31,969$24,369$18,335$13,641$10,054$2,332
26 years$30,411$22,903$17,005$12,473$9,056$1,954
27 years$28,972$21,554$15,791$11,417$8,165$1,638
28 years$27,637$20,310$14,680$10,460$7,368$1,373
29 years$26,397$19,160$13,661$9,592$6,653$1,151
30 years$25,241$18,095$12,724$8,803$6,011$966
31 years$24,162$17,106$11,863$8,085$5,435$810
32 years$23,153$16,186$11,068$7,431$4,916$680
33 years$22,207$15,328$10,334$6,833$4,449$570
34 years$21,318$14,527$9,656$6,287$4,028$479
35 years$20,482$13,779$9,027$5,787$3,648$402
36 years$19,694$13,078$8,445$5,330$3,306$337
37 years$18,951$12,421$7,904$4,911$2,996$283
38 years$18,248$11,805$7,402$4,527$2,716$238
39 years$17,583$11,225$6,935$4,174$2,463$199
40 years$16,953$10,680$6,500$3,850$2,234$167
41 years$16,355$10,166$6,095$3,552$2,027$141
42 years$15,787$9,682$5,717$3,278$1,839$118
43 years$15,247$9,225$5,365$3,026$1,669$99
44 years$14,733$8,793$5,036$2,794$1,515$83
45 years$14,243$8,385$4,729$2,580$1,375$70
46 years$13,776$7,999$4,441$2,383$1,249$59
47 years$13,330$7,634$4,172$2,202$1,134$49
48 years$12,904$7,287$3,921$2,035$1,030$41
49 years$12,497$6,959$3,685$1,880$935$35
50 years$12,107$6,648$3,465$1,738$850$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $12,400,000, adding $3,524 every year, while hoping to spend $30,620 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: 61/21/18 Blend
73$12,400,000$12,400,000$12,400,000$12,400,000
74$13,668,435$13,011,235$12,819,035$14,438,880
75$15,030,036$13,616,206$13,215,893$15,564,116
76$16,529,494$14,249,794$13,625,020$16,787,845
77$18,180,838$14,913,370$14,046,794$18,122,637
78$19,999,527$15,608,369$14,481,605$19,579,271
79$22,002,597$16,336,297$14,929,857$21,169,606
80$24,208,817$17,098,731$15,391,962$22,906,685
81$26,638,874$17,897,326$15,868,350$24,804,857
82$29,315,560$18,733,816$16,359,461$26,879,908
83$32,263,993$19,610,019$16,865,749$29,149,207
84$35,511,851$20,527,841$17,387,683$31,631,868
85$39,089,634$21,489,279$17,925,744$34,348,923
86$43,030,952$22,496,429$18,480,431$37,323,518
87$47,372,840$23,551,485$19,052,257$40,581,131
88$52,156,112$24,656,750$19,641,750$44,149,801
89$57,425,742$25,814,637$20,249,455$48,060,395
90$63,231,289$27,027,676$20,875,934$52,346,889
91$69,627,369$28,298,520$21,521,765$57,046,688
92$76,674,163$29,629,950$22,187,547$62,200,972
93$84,437,991$31,024,881$22,873,893$67,855,080
94$92,991,936$32,486,371$23,581,439$74,058,930
95$102,416,534$34,017,623$24,310,837$80,867,488
96$112,800,532$35,621,998$25,062,762$88,341,277
97$124,241,730$37,303,020$25,837,908$96,546,946
98$136,847,900$39,064,381$26,636,991$105,557,889
99$150,737,804$40,909,954$27,460,749$115,454,930
100$166,042,319$42,843,801$28,309,943$126,327,083