Can I retire at age 74 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$974,254
2 years$511,009$501,492$492,268$483,326$474,651$452,090
3 years$337,289$327,731$318,530$309,671$301,138$279,234
4 years$250,446$240,917$231,808$223,101$214,774$193,695
5 years$198,353$188,882$179,893$171,363$163,268$143,074
6 years$163,636$154,236$145,380$137,040$129,188$109,900
7 years$138,848$129,527$120,812$112,668$105,065$86,685
8 years$120,266$111,029$102,458$94,515$87,161$69,684
9 years$105,820$96,670$88,247$80,506$73,402$56,814
10 years$94,271$85,210$76,936$69,397$62,543$46,826
11 years$84,827$75,858$67,733$60,396$53,789$38,922
12 years$76,963$68,086$60,111$52,975$46,612$32,572
13 years$70,314$61,530$53,705$46,769$40,647$27,408
14 years$64,620$55,929$48,255$41,516$35,631$23,165
15 years$59,690$51,092$43,567$37,025$31,372$19,652
16 years$55,380$46,876$39,500$33,152$27,727$16,723
17 years$51,581$43,171$35,944$29,787$24,584$14,266
18 years$48,208$39,892$32,812$26,844$21,859$12,197
19 years$45,193$36,971$30,038$24,256$19,484$10,447
20 years$42,484$34,356$27,567$21,968$17,403$8,962
21 years$40,035$32,001$25,356$19,938$15,574$7,698
22 years$37,812$29,872$23,370$18,128$13,960$6,620
23 years$35,786$27,938$21,578$16,509$12,531$5,698
24 years$33,931$26,176$19,956$15,058$11,263$4,908
25 years$32,227$24,565$18,483$13,752$10,135$4,231
26 years$30,657$23,087$17,142$12,574$9,129$3,650
27 years$29,205$21,728$15,918$11,509$8,231$3,150
28 years$27,860$20,474$14,798$10,545$7,427$2,719
29 years$26,609$19,315$13,771$9,670$6,706$2,349
30 years$25,445$18,241$12,827$8,874$6,060$2,029
31 years$24,357$17,244$11,958$8,150$5,478$1,754
32 years$23,340$16,316$11,157$7,490$4,956$1,516
33 years$22,386$15,452$10,418$6,888$4,485$1,311
34 years$21,490$14,645$9,734$6,338$4,061$1,134
35 years$20,647$13,890$9,100$5,834$3,678$980
36 years$19,853$13,184$8,513$5,373$3,332$848
37 years$19,103$12,522$7,968$4,951$3,020$734
38 years$18,395$11,900$7,462$4,563$2,738$635
39 years$17,725$11,316$6,991$4,207$2,483$549
40 years$17,089$10,766$6,552$3,881$2,252$475
41 years$16,487$10,248$6,144$3,580$2,043$411
42 years$15,914$9,760$5,763$3,304$1,854$356
43 years$15,370$9,299$5,408$3,050$1,683$308
44 years$14,852$8,864$5,077$2,816$1,527$267
45 years$14,358$8,453$4,767$2,601$1,387$231
46 years$13,887$8,064$4,477$2,403$1,259$200
47 years$13,438$7,695$4,206$2,220$1,143$173
48 years$13,008$7,346$3,953$2,051$1,038$150
49 years$12,597$7,015$3,715$1,896$943$130
50 years$12,204$6,701$3,493$1,752$856$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $12,500,000, adding $2,989 every year, while hoping to spend $49,754 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: 78/10/12 Blend
73$12,500,000$12,500,000$12,500,000$12,500,000
74$13,778,083$13,115,583$12,921,833$14,821,207
75$15,130,510$13,705,309$13,301,777$16,097,638
76$16,619,216$14,322,264$13,692,781$17,490,629
77$18,258,051$14,967,729$14,095,163$19,017,071
78$20,062,272$15,643,048$14,509,252$20,690,261
79$22,048,694$16,349,627$14,935,382$22,524,840
80$24,235,843$17,088,942$15,373,899$24,536,932
81$26,644,135$17,862,535$15,825,160$26,744,290
82$29,296,063$18,672,025$16,289,529$29,166,466
83$32,216,416$19,519,109$16,767,383$31,824,991
84$35,432,508$20,405,563$17,259,108$34,743,576
85$38,974,436$21,333,249$17,765,101$37,948,339
86$42,875,368$22,304,117$18,285,771$41,468,043
87$47,171,849$23,320,212$18,821,538$45,334,368
88$51,904,152$24,383,677$19,372,834$49,582,210
89$57,116,654$25,496,756$19,940,103$54,250,003
90$62,858,257$26,661,801$20,523,800$59,380,087
91$69,182,849$27,881,279$21,124,397$65,019,097
92$76,149,809$29,157,771$21,742,374$71,218,405
93$83,824,575$30,493,987$22,378,229$78,034,605
94$92,279,252$31,892,763$23,032,470$85,530,035
95$101,593,301$33,357,073$23,705,622$93,773,375
96$111,854,281$34,890,034$24,398,225$102,840,282
97$123,158,683$36,494,911$25,110,831$112,814,106
98$135,612,836$38,175,128$25,844,010$123,786,673
99$149,333,908$39,934,273$26,598,348$135,859,146
100$164,451,020$41,776,105$27,374,445$149,142,981