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%13.1%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$991,775
2 years$515,097$505,504$496,207$487,192$478,448$465,404
3 years$339,987$330,352$321,079$312,149$303,547$290,829
4 years$252,449$242,844$233,663$224,886$216,493$204,200
5 years$199,940$190,393$181,332$172,734$164,574$152,742
6 years$164,946$155,470$146,543$138,137$130,222$118,865
7 years$139,959$130,563$121,778$113,570$105,905$95,027
8 years$121,228$111,917$103,277$95,271$87,859$77,458
9 years$106,667$97,444$88,953$81,150$73,990$64,063
10 years$95,025$85,892$77,551$69,952$63,043$53,582
11 years$85,506$76,465$68,275$60,879$54,219$45,216
12 years$77,579$68,630$60,592$53,399$46,985$38,430
13 years$70,877$62,022$54,135$47,143$40,972$32,853
14 years$65,137$56,376$48,641$41,849$35,916$28,221
15 years$60,167$51,501$43,916$37,322$31,623$24,340
16 years$55,823$47,251$39,816$33,417$27,949$21,064
17 years$51,993$43,516$36,231$30,025$24,781$18,281
18 years$48,593$40,211$33,074$27,059$22,034$15,904
19 years$45,555$37,267$30,278$24,450$19,640$13,865
20 years$42,823$34,630$27,788$22,144$17,542$12,110
21 years$40,355$32,257$25,559$20,097$15,698$10,593
22 years$38,115$30,111$23,557$18,273$14,071$9,278
23 years$36,072$28,162$21,751$16,642$12,631$8,136
24 years$34,202$26,386$20,116$15,178$11,353$7,142
25 years$32,485$24,762$18,631$13,862$10,216$6,275
26 years$30,902$23,272$17,279$12,674$9,202$5,517
27 years$29,439$21,902$16,045$11,601$8,297$4,854
28 years$28,083$20,638$14,916$10,629$7,486$4,274
29 years$26,822$19,470$13,881$9,747$6,760$3,764
30 years$25,648$18,387$12,930$8,945$6,108$3,317
31 years$24,552$17,382$12,054$8,216$5,522$2,924
32 years$23,526$16,447$11,246$7,550$4,995$2,579
33 years$22,565$15,575$10,501$6,943$4,521$2,275
34 years$21,662$14,762$9,811$6,388$4,093$2,007
35 years$20,812$14,001$9,173$5,881$3,707$1,772
36 years$20,012$13,289$8,581$5,416$3,359$1,564
37 years$19,256$12,622$8,032$4,990$3,044$1,381
38 years$18,542$11,995$7,521$4,600$2,760$1,219
39 years$17,867$11,406$7,047$4,241$2,503$1,077
40 years$17,226$10,852$6,605$3,912$2,270$951
41 years$16,619$10,330$6,193$3,609$2,060$840
42 years$16,042$9,838$5,810$3,331$1,869$743
43 years$15,493$9,374$5,451$3,075$1,696$656
44 years$14,971$8,935$5,117$2,839$1,540$580
45 years$14,473$8,520$4,805$2,622$1,398$512
46 years$13,998$8,128$4,513$2,422$1,269$453
47 years$13,545$7,757$4,240$2,237$1,152$400
48 years$13,112$7,405$3,984$2,068$1,046$354
49 years$12,698$7,071$3,745$1,911$950$313
50 years$12,302$6,755$3,521$1,766$863$276

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 $6,967 every year, while hoping to spend $38,266 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: 69/5/26 Blend
73$12,600,000$12,600,000$12,600,000$12,600,000
74$13,892,386$13,224,586$13,029,286$14,757,636
75$15,268,695$13,831,876$13,425,053$15,946,258
76$16,784,105$14,467,641$13,832,795$17,241,560
77$18,452,763$15,133,235$14,252,873$18,658,272
78$20,290,260$15,830,079$14,685,660$20,208,423
79$22,313,775$16,559,661$15,131,537$21,905,256
80$24,542,236$17,323,540$15,590,899$23,763,352
81$26,996,502$18,123,352$16,064,153$25,798,767
82$29,699,558$18,960,809$16,551,715$28,029,181
83$32,676,733$19,837,709$17,054,017$30,474,062
84$35,955,936$20,755,932$17,571,503$33,154,851
85$39,567,922$21,717,454$18,104,629$36,095,159
86$43,546,582$22,724,341$18,653,866$39,320,992
87$47,929,261$23,778,762$19,219,699$42,860,990
88$52,757,113$24,882,988$19,802,626$46,746,698
89$58,075,486$26,039,402$20,403,161$51,012,863
90$63,934,354$27,250,501$21,021,835$55,697,757
91$70,388,784$28,518,901$21,659,192$60,843,534
92$77,499,459$29,847,346$22,315,794$66,496,634
93$85,333,250$31,238,713$22,992,220$72,708,208
94$93,963,846$32,696,015$23,689,064$79,534,608
95$103,472,452$34,222,412$24,406,941$87,037,910
96$113,948,550$35,821,219$25,146,481$95,286,500
97$125,490,750$37,495,907$25,908,337$104,355,714
98$138,207,718$39,250,117$26,693,177$114,328,552
99$152,219,198$41,087,666$27,501,692$125,296,450
100$167,657,151$43,012,556$28,334,593$137,360,150