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

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$996,759
2 years$519,185$509,516$500,145$491,059$482,246$466,211
3 years$342,685$332,974$323,627$314,626$305,956$290,343
4 years$254,453$244,771$235,517$226,670$218,211$203,138
5 years$201,527$191,904$182,771$174,105$165,880$151,392
6 years$166,255$156,704$147,706$139,233$131,255$117,369
7 years$141,070$131,600$122,745$114,471$106,746$93,465
8 years$122,190$112,805$104,097$96,027$88,556$75,879
9 years$107,513$98,217$89,659$81,794$74,577$62,497
10 years$95,779$86,574$78,167$70,507$63,543$52,050
11 years$86,184$77,071$68,817$61,362$54,649$43,732
12 years$78,195$69,175$61,073$53,823$47,358$37,002
13 years$71,439$62,514$54,565$47,517$41,297$31,488
14 years$65,654$56,824$49,027$42,181$36,201$26,922
15 years$60,645$51,909$44,264$37,618$31,874$23,109
16 years$56,266$47,626$40,132$33,683$28,170$19,901
17 years$52,406$43,862$36,519$30,264$24,978$17,186
18 years$48,979$40,530$33,337$27,274$22,209$14,877
19 years$45,916$37,563$30,518$24,644$19,795$12,903
20 years$43,163$34,905$28,008$22,320$17,682$11,211
21 years$40,676$32,513$25,762$20,257$15,823$9,755
22 years$38,417$30,350$23,744$18,418$14,183$8,499
23 years$36,358$28,385$21,923$16,774$12,732$7,413
24 years$34,474$26,595$20,275$15,299$11,443$6,472
25 years$32,743$24,958$18,779$13,972$10,297$5,655
26 years$31,147$23,457$17,417$12,775$9,276$4,944
27 years$29,672$22,076$16,173$11,693$8,363$4,326
28 years$28,306$20,802$15,035$10,713$7,546$3,787
29 years$27,035$19,624$13,991$9,824$6,814$3,317
30 years$25,852$18,533$13,032$9,016$6,157$2,906
31 years$24,747$17,520$12,150$8,281$5,566$2,547
32 years$23,713$16,577$11,336$7,610$5,035$2,233
33 years$22,744$15,699$10,584$6,998$4,557$1,958
34 years$21,834$14,879$9,889$6,439$4,126$1,718
35 years$20,977$14,112$9,246$5,927$3,737$1,507
36 years$20,171$13,395$8,649$5,459$3,386$1,323
37 years$19,409$12,722$8,095$5,030$3,068$1,161
38 years$18,689$12,090$7,581$4,636$2,782$1,019
39 years$18,008$11,497$7,103$4,275$2,523$895
40 years$17,363$10,938$6,657$3,943$2,288$786
41 years$16,751$10,412$6,242$3,638$2,076$690
42 years$16,169$9,916$5,856$3,357$1,884$606
43 years$15,616$9,448$5,495$3,099$1,710$532
44 years$15,089$9,006$5,158$2,861$1,552$467
45 years$14,588$8,588$4,843$2,643$1,409$411
46 years$14,109$8,193$4,549$2,441$1,279$361
47 years$13,653$7,818$4,273$2,255$1,161$317
48 years$13,216$7,464$4,016$2,084$1,055$278
49 years$12,799$7,127$3,775$1,926$958$244
50 years$12,400$6,808$3,549$1,780$870$215

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 $4,235 every year, while hoping to spend $30,732 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: 67/28/5 Blend
73$12,700,000$12,700,000$12,700,000$12,700,000
74$13,999,768$13,326,668$13,129,818$14,929,016
75$15,395,046$13,946,977$13,536,969$16,165,545
76$16,931,612$14,596,650$13,956,729$17,512,653
77$18,623,846$15,277,095$14,389,488$18,984,408
78$20,487,591$15,989,785$14,835,649$20,592,965
79$22,540,308$16,736,267$15,295,626$22,351,688
80$24,801,236$17,518,161$15,769,846$24,275,283
81$27,291,575$18,337,164$16,258,749$26,379,923
82$30,034,689$19,195,059$16,762,790$28,683,404
83$33,056,321$20,093,710$17,282,437$31,205,307
84$36,384,839$21,035,075$17,818,172$33,967,178
85$40,051,504$22,021,205$18,370,492$36,992,725
86$44,090,765$23,054,251$18,939,911$40,308,041
87$48,540,581$24,136,468$19,526,956$43,941,844
88$53,442,784$25,270,219$20,132,173$47,925,742
89$58,843,470$26,457,982$20,756,123$52,294,526
90$64,793,437$27,702,355$21,399,386$57,086,495
91$71,348,660$29,006,063$22,062,558$62,343,810
92$78,570,823$30,371,961$22,746,254$68,112,886
93$86,527,903$31,803,042$23,451,109$74,444,822
94$95,294,804$33,302,446$24,177,776$81,395,882
95$104,954,073$34,873,465$24,926,930$89,028,014
96$115,596,671$36,519,548$25,699,266$97,409,429
97$127,322,839$38,244,314$26,495,499$106,615,237
98$140,243,039$40,051,555$27,316,368$116,728,149
99$154,478,997$41,945,249$28,162,634$127,839,249
100$170,164,854$43,929,566$29,035,082$140,048,844