Can I retire at age 74 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,003,781
2 years$523,273$513,528$504,083$494,925$486,043$469,056
3 years$345,384$335,596$326,175$317,104$308,366$291,831
4 years$256,456$246,699$237,372$228,455$219,929$203,973
5 years$203,114$193,415$184,210$175,476$167,186$151,856
6 years$167,564$157,938$148,869$140,329$132,289$117,600
7 years$142,181$132,636$123,711$115,372$107,586$93,545
8 years$123,152$113,693$104,917$96,783$89,253$75,856
9 years$108,360$98,991$90,365$82,438$75,164$62,403
10 years$96,533$87,255$78,782$71,062$64,044$51,909
11 years$86,863$77,678$69,359$61,845$55,080$43,558
12 years$78,810$69,720$61,554$54,247$47,731$36,808
13 years$72,002$63,006$54,994$47,892$41,622$31,281
14 years$66,171$57,271$49,413$42,513$36,486$26,710
15 years$61,122$52,318$44,613$37,914$32,125$22,895
16 years$56,709$48,001$40,448$33,948$28,392$19,690
17 years$52,819$44,207$36,806$30,502$25,174$16,979
18 years$49,365$40,849$33,599$27,488$22,384$14,676
19 years$46,278$37,859$30,759$24,838$19,951$12,711
20 years$43,503$35,180$28,229$22,496$17,821$11,028
21 years$40,996$32,769$25,965$20,416$15,948$9,581
22 years$38,720$30,589$23,931$18,563$14,295$8,335
23 years$36,645$28,609$22,096$16,906$12,832$7,258
24 years$34,745$26,805$20,435$15,419$11,534$6,327
25 years$33,000$25,155$18,927$14,082$10,378$5,519
26 years$31,392$23,642$17,554$12,875$9,349$4,818
27 years$29,906$22,249$16,300$11,785$8,428$4,209
28 years$28,528$20,966$15,153$10,798$7,605$3,678
29 years$27,248$19,779$14,101$9,902$6,867$3,216
30 years$26,055$18,679$13,135$9,087$6,205$2,813
31 years$24,942$17,658$12,245$8,346$5,610$2,462
32 years$23,900$16,708$11,425$7,670$5,075$2,155
33 years$22,923$15,822$10,668$7,053$4,592$1,887
34 years$22,006$14,996$9,967$6,490$4,158$1,652
35 years$21,143$14,224$9,319$5,974$3,766$1,447
36 years$20,329$13,500$8,717$5,502$3,412$1,268
37 years$19,562$12,822$8,159$5,069$3,093$1,111
38 years$18,837$12,186$7,641$4,673$2,804$974
39 years$18,150$11,587$7,159$4,308$2,543$853
40 years$17,500$11,024$6,710$3,974$2,306$748
41 years$16,882$10,494$6,292$3,666$2,092$656
42 years$16,296$9,994$5,902$3,384$1,898$575
43 years$15,739$9,523$5,538$3,123$1,723$504
44 years$15,208$9,077$5,198$2,884$1,564$442
45 years$14,703$8,656$4,881$2,663$1,420$387
46 years$14,220$8,257$4,584$2,460$1,289$340
47 years$13,760$7,880$4,307$2,273$1,171$298
48 years$13,320$7,522$4,047$2,100$1,063$261
49 years$12,900$7,184$3,804$1,941$965$229
50 years$12,497$6,862$3,577$1,794$877$201

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $12,800,000, adding $2,236 every year, while hoping to spend $34,247 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: 51/38/11 Blend
73$12,800,000$12,800,000$12,800,000$12,800,000
74$14,107,906$13,429,506$13,231,106$14,786,202
75$15,510,474$14,051,114$13,637,910$15,871,386
76$17,054,956$14,702,032$14,057,194$17,046,636
77$18,755,792$15,383,661$14,489,339$18,323,467
78$20,628,891$16,097,469$14,934,741$19,711,451
79$22,691,786$16,844,994$15,393,803$21,221,100
80$24,963,798$17,627,848$15,866,945$22,863,962
81$27,466,214$18,447,721$16,354,596$24,652,727
82$30,222,494$19,306,386$16,857,202$26,601,334
83$33,258,489$20,205,699$17,375,218$28,725,104
84$36,602,684$21,147,607$17,909,117$31,040,878
85$40,286,469$22,134,152$18,459,384$33,567,165
86$44,344,436$23,167,472$19,026,520$36,324,317
87$48,814,700$24,249,810$19,611,041$39,334,708
88$53,739,267$25,383,518$20,213,477$42,622,943
89$59,164,421$26,571,059$20,834,378$46,216,080
90$65,141,169$27,815,018$21,474,307$50,143,881
91$71,725,718$29,118,103$22,133,845$54,439,081
92$78,980,005$30,483,154$22,813,593$59,137,689
93$86,972,285$31,913,148$23,514,168$64,279,324
94$95,777,771$33,411,206$24,236,206$69,907,573
95$105,479,348$34,980,599$24,980,363$76,070,398
96$116,168,352$36,624,759$25,747,315$82,820,576
97$127,945,432$38,347,280$26,537,759$90,216,188
98$140,921,504$40,151,935$27,352,412$98,321,154
99$155,218,792$42,042,675$28,192,013$107,205,827
100$170,971,988$44,023,645$29,057,324$116,947,645