Can I retire at age 74 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$989,037
2 years$519,185$509,516$500,145$491,059$482,246$458,524
3 years$342,685$332,974$323,627$314,626$305,956$282,934
4 years$254,453$244,771$235,517$226,670$218,211$196,064
5 years$201,527$191,904$182,771$174,105$165,880$144,671
6 years$166,255$156,704$147,706$139,233$131,255$111,006
7 years$141,070$131,600$122,745$114,471$106,746$87,459
8 years$122,190$112,805$104,097$96,027$88,556$70,224
9 years$107,513$98,217$89,659$81,794$74,577$57,185
10 years$95,779$86,574$78,167$70,507$63,543$47,073
11 years$86,184$77,071$68,817$61,362$54,649$39,078
12 years$78,195$69,175$61,073$53,823$47,358$32,660
13 years$71,439$62,514$54,565$47,517$41,297$27,445
14 years$65,654$56,824$49,027$42,181$36,201$23,165
15 years$60,645$51,909$44,264$37,618$31,874$19,624
16 years$56,266$47,626$40,132$33,683$28,170$16,676
17 years$52,406$43,862$36,519$30,264$24,978$14,206
18 years$48,979$40,530$33,337$27,274$22,209$12,128
19 years$45,916$37,563$30,518$24,644$19,795$10,372
20 years$43,163$34,905$28,008$22,320$17,682$8,884
21 years$40,676$32,513$25,762$20,257$15,823$7,619
22 years$38,417$30,350$23,744$18,418$14,183$6,542
23 years$36,358$28,385$21,923$16,774$12,732$5,622
24 years$34,474$26,595$20,275$15,299$11,443$4,835
25 years$32,743$24,958$18,779$13,972$10,297$4,162
26 years$31,147$23,457$17,417$12,775$9,276$3,584
27 years$29,672$22,076$16,173$11,693$8,363$3,088
28 years$28,306$20,802$15,035$10,713$7,546$2,662
29 years$27,035$19,624$13,991$9,824$6,814$2,295
30 years$25,852$18,533$13,032$9,016$6,157$1,980
31 years$24,747$17,520$12,150$8,281$5,566$1,708
32 years$23,713$16,577$11,336$7,610$5,035$1,474
33 years$22,744$15,699$10,584$6,998$4,557$1,272
34 years$21,834$14,879$9,889$6,439$4,126$1,099
35 years$20,977$14,112$9,246$5,927$3,737$949
36 years$20,171$13,395$8,649$5,459$3,386$819
37 years$19,409$12,722$8,095$5,030$3,068$708
38 years$18,689$12,090$7,581$4,636$2,782$611
39 years$18,008$11,497$7,103$4,275$2,523$528
40 years$17,363$10,938$6,657$3,943$2,288$456
41 years$16,751$10,412$6,242$3,638$2,076$394
42 years$16,169$9,916$5,856$3,357$1,884$340
43 years$15,616$9,448$5,495$3,099$1,710$294
44 years$15,089$9,006$5,158$2,861$1,552$254
45 years$14,588$8,588$4,843$2,643$1,409$220
46 years$14,109$8,193$4,549$2,441$1,279$190
47 years$13,653$7,818$4,273$2,255$1,161$164
48 years$13,216$7,464$4,016$2,084$1,055$142
49 years$12,799$7,127$3,775$1,926$958$122
50 years$12,400$6,808$3,549$1,780$870$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $12,700,000, adding $5,727 every year, while hoping to spend $32,030 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: 55/38/7 Blend
73$12,700,000$12,700,000$12,700,000$12,700,000
74$14,001,307$13,328,207$13,131,357$14,748,615
75$15,395,361$13,947,210$13,537,178$15,872,739
76$16,930,535$14,595,470$13,955,520$17,091,965
77$18,621,189$15,274,388$14,386,770$18,418,584
78$20,483,147$15,985,430$14,831,324$19,862,802
79$22,533,847$16,730,135$15,289,592$21,435,830
80$24,792,504$17,510,115$15,761,998$23,149,987
81$27,280,289$18,327,061$16,248,975$25,018,812
82$30,020,536$19,182,744$16,750,973$27,057,185
83$33,038,954$20,079,022$17,268,453$29,281,462
84$36,363,875$21,017,842$17,801,894$31,709,627
85$40,026,518$22,001,245$18,351,786$34,361,450
86$44,061,288$23,031,370$18,918,635$37,258,674
87$48,506,094$24,110,462$19,502,964$40,425,208
88$53,402,712$25,240,871$20,105,311$43,887,349
89$58,797,179$26,425,065$20,726,229$47,674,023
90$64,740,225$27,665,626$21,366,291$51,817,049
91$71,287,752$28,965,265$22,026,085$56,351,431
92$78,501,363$30,326,824$22,706,220$61,315,686
93$86,448,944$31,753,280$23,407,320$66,752,190
94$95,205,302$33,247,757$24,130,031$72,707,576
95$104,852,873$34,813,527$24,875,018$79,233,161
96$115,482,501$36,454,024$25,642,965$86,385,425
97$127,194,291$38,172,847$26,434,580$94,226,526
98$140,098,560$39,973,768$27,250,590$102,824,885
99$154,316,874$41,860,743$28,091,745$112,255,813
100$169,983,196$43,837,921$28,958,820$122,602,216