Can I retire at age 74 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$980,851
2 years$515,097$505,504$496,207$487,192$478,448$454,518
3 years$339,987$330,352$321,079$312,149$303,547$280,326
4 years$252,449$242,844$233,663$224,886$216,493$194,159
5 years$199,940$190,393$181,332$172,734$164,574$143,190
6 years$164,946$155,470$146,543$138,137$130,222$109,810
7 years$139,959$130,563$121,778$113,570$105,905$86,467
8 years$121,228$111,917$103,277$95,271$87,859$69,387
9 years$106,667$97,444$88,953$81,150$73,990$56,470
10 years$95,025$85,892$77,551$69,952$63,043$46,456
11 years$85,506$76,465$68,275$60,879$54,219$38,541
12 years$77,579$68,630$60,592$53,399$46,985$32,190
13 years$70,877$62,022$54,135$47,143$40,972$27,032
14 years$65,137$56,376$48,641$41,849$35,916$22,801
15 years$60,167$51,501$43,916$37,322$31,623$19,302
16 years$55,823$47,251$39,816$33,417$27,949$16,390
17 years$51,993$43,516$36,231$30,025$24,781$13,953
18 years$48,593$40,211$33,074$27,059$22,034$11,903
19 years$45,555$37,267$30,278$24,450$19,640$10,172
20 years$42,823$34,630$27,788$22,144$17,542$8,706
21 years$40,355$32,257$25,559$20,097$15,698$7,461
22 years$38,115$30,111$23,557$18,273$14,071$6,401
23 years$36,072$28,162$21,751$16,642$12,631$5,497
24 years$34,202$26,386$20,116$15,178$11,353$4,724
25 years$32,485$24,762$18,631$13,862$10,216$4,062
26 years$30,902$23,272$17,279$12,674$9,202$3,496
27 years$29,439$21,902$16,045$11,601$8,297$3,009
28 years$28,083$20,638$14,916$10,629$7,486$2,592
29 years$26,822$19,470$13,881$9,747$6,760$2,233
30 years$25,648$18,387$12,930$8,945$6,108$1,925
31 years$24,552$17,382$12,054$8,216$5,522$1,659
32 years$23,526$16,447$11,246$7,550$4,995$1,431
33 years$22,565$15,575$10,501$6,943$4,521$1,234
34 years$21,662$14,762$9,811$6,388$4,093$1,064
35 years$20,812$14,001$9,173$5,881$3,707$918
36 years$20,012$13,289$8,581$5,416$3,359$792
37 years$19,256$12,622$8,032$4,990$3,044$684
38 years$18,542$11,995$7,521$4,600$2,760$590
39 years$17,867$11,406$7,047$4,241$2,503$509
40 years$17,226$10,852$6,605$3,912$2,270$440
41 years$16,619$10,330$6,193$3,609$2,060$380
42 years$16,042$9,838$5,810$3,331$1,869$328
43 years$15,493$9,374$5,451$3,075$1,696$283
44 years$14,971$8,935$5,117$2,839$1,540$244
45 years$14,473$8,520$4,805$2,622$1,398$211
46 years$13,998$8,128$4,513$2,422$1,269$182
47 years$13,545$7,757$4,240$2,237$1,152$157
48 years$13,112$7,405$3,984$2,068$1,046$136
49 years$12,698$7,071$3,745$1,911$950$117
50 years$12,302$6,755$3,521$1,766$863$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $12,600,000, adding $2,720 every year, while hoping to spend $29,124 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: 41/31/28 Blend
73$12,600,000$12,600,000$12,600,000$12,600,000
74$13,888,006$13,220,206$13,024,906$14,342,918
75$15,273,595$13,837,008$13,430,252$15,289,076
76$16,799,537$14,483,058$13,848,202$16,309,627
77$18,480,119$15,159,757$14,279,146$17,413,777
78$20,331,082$15,868,576$14,723,488$18,609,233
79$22,369,772$16,611,055$15,181,644$19,904,453
80$24,615,303$17,388,811$15,654,044$21,308,724
81$27,088,739$18,203,538$16,141,129$22,832,240
82$29,813,289$19,057,010$16,643,356$24,486,200
83$32,814,531$19,951,089$17,161,194$26,282,899
84$36,120,648$20,887,728$17,695,129$28,235,847
85$39,762,699$21,868,971$18,245,661$30,359,888
86$43,774,907$22,896,964$18,813,304$32,671,330
87$48,194,989$23,973,956$19,398,590$35,188,099
88$53,064,502$25,102,304$20,002,067$37,929,899
89$58,429,245$26,284,481$20,624,300$40,918,387
90$64,339,684$27,523,077$21,265,871$44,177,379
91$70,851,435$28,820,810$21,927,380$47,733,059
92$78,025,780$30,180,529$22,609,446$51,614,221
93$85,930,255$31,605,220$23,312,708$55,852,536
94$94,639,280$33,098,016$24,037,823$60,482,837
95$104,234,867$34,662,198$24,785,470$65,543,443
96$114,807,388$36,301,211$25,556,348$71,076,507
97$126,456,434$38,018,663$26,351,179$77,128,409
98$139,291,752$39,818,339$27,170,705$83,750,182
99$153,434,280$41,704,207$28,015,693$90,997,979
100$169,017,292$43,680,428$28,886,933$98,933,599