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%19.1%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$975,620
2 years$519,185$509,516$500,145$491,059$482,246$445,285
3 years$342,685$332,974$323,627$314,626$305,956$270,294
4 years$254,453$244,771$235,517$226,670$218,211$184,118
5 years$201,527$191,904$182,771$174,105$165,880$133,446
6 years$166,255$156,704$147,706$139,233$131,255$100,503
7 years$141,070$131,600$122,745$114,471$106,746$77,668
8 years$122,190$112,805$104,097$96,027$88,556$61,126
9 years$107,513$98,217$89,659$81,794$74,577$48,758
10 years$95,779$86,574$78,167$70,507$63,543$39,290
11 years$86,184$77,071$68,817$61,362$54,649$31,910
12 years$78,195$69,175$61,073$53,823$47,358$26,077
13 years$71,439$62,514$54,565$47,517$41,297$21,414
14 years$65,654$56,824$49,027$42,181$36,201$17,655
15 years$60,645$51,909$44,264$37,618$31,874$14,602
16 years$56,266$47,626$40,132$33,683$28,170$12,108
17 years$52,406$43,862$36,519$30,264$24,978$10,061
18 years$48,979$40,530$33,337$27,274$22,209$8,375
19 years$45,916$37,563$30,518$24,644$19,795$6,982
20 years$43,163$34,905$28,008$22,320$17,682$5,827
21 years$40,676$32,513$25,762$20,257$15,823$4,868
22 years$38,417$30,350$23,744$18,418$14,183$4,070
23 years$36,358$28,385$21,923$16,774$12,732$3,406
24 years$34,474$26,595$20,275$15,299$11,443$2,851
25 years$32,743$24,958$18,779$13,972$10,297$2,388
26 years$31,147$23,457$17,417$12,775$9,276$2,001
27 years$29,672$22,076$16,173$11,693$8,363$1,677
28 years$28,306$20,802$15,035$10,713$7,546$1,406
29 years$27,035$19,624$13,991$9,824$6,814$1,179
30 years$25,852$18,533$13,032$9,016$6,157$989
31 years$24,747$17,520$12,150$8,281$5,566$830
32 years$23,713$16,577$11,336$7,610$5,035$696
33 years$22,744$15,699$10,584$6,998$4,557$584
34 years$21,834$14,879$9,889$6,439$4,126$490
35 years$20,977$14,112$9,246$5,927$3,737$411
36 years$20,171$13,395$8,649$5,459$3,386$345
37 years$19,409$12,722$8,095$5,030$3,068$290
38 years$18,689$12,090$7,581$4,636$2,782$243
39 years$18,008$11,497$7,103$4,275$2,523$204
40 years$17,363$10,938$6,657$3,943$2,288$171
41 years$16,751$10,412$6,242$3,638$2,076$144
42 years$16,169$9,916$5,856$3,357$1,884$121
43 years$15,616$9,448$5,495$3,099$1,710$101
44 years$15,089$9,006$5,158$2,861$1,552$85
45 years$14,588$8,588$4,843$2,643$1,409$72
46 years$14,109$8,193$4,549$2,441$1,279$60
47 years$13,653$7,818$4,273$2,255$1,161$50
48 years$13,216$7,464$4,016$2,084$1,055$42
49 years$12,799$7,127$3,775$1,926$958$36
50 years$12,400$6,808$3,549$1,780$870$30

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 $4,811 every year, while hoping to spend $26,058 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: 33/40/27 Blend
73$12,700,000$12,700,000$12,700,000$12,700,000
74$14,000,363$13,327,263$13,130,413$14,347,158
75$15,400,674$13,952,573$13,542,556$15,235,819
76$16,942,944$14,607,650$13,967,633$16,190,221
77$18,641,624$15,293,925$14,406,049$17,218,318
78$20,512,641$16,012,899$14,858,222$18,326,648
79$22,573,543$16,766,143$15,324,585$19,522,373
80$24,843,668$17,555,308$15,805,583$20,813,342
81$27,344,326$18,382,122$16,301,674$22,208,157
82$30,099,000$19,248,398$16,813,332$23,716,252
83$33,133,565$20,156,036$17,341,045$25,347,971
84$36,476,536$21,107,030$17,885,318$27,114,659
85$40,159,335$22,103,467$18,446,669$29,028,765
86$44,216,590$23,147,539$19,025,634$31,103,950
87$48,686,456$24,241,542$19,622,767$33,355,209
88$53,610,981$25,387,884$20,238,636$35,799,001
89$59,036,500$26,589,090$20,873,830$38,453,400
90$65,014,074$27,847,807$21,528,954$41,338,256
91$71,599,971$29,166,810$22,204,635$44,475,369
92$78,856,194$30,549,010$22,901,516$47,888,688
93$86,851,072$31,997,458$23,620,264$51,604,530
94$95,659,901$33,515,353$24,361,563$55,651,808
95$105,365,657$35,106,052$25,126,121$60,062,305
96$116,059,776$36,773,070$25,914,668$64,870,950
97$127,843,020$38,520,097$26,727,956$70,116,145
98$140,826,427$40,351,001$27,566,761$75,840,110
99$155,132,359$42,269,836$28,431,884$82,089,268
100$170,895,657$44,280,856$29,324,150$88,914,670