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

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,009,611
2 years$523,273$513,528$504,083$494,925$486,043$474,887
3 years$345,384$335,596$326,175$317,104$308,366$297,480
4 years$256,456$246,699$237,372$228,455$219,929$209,397
5 years$203,114$193,415$184,210$175,476$167,186$157,040
6 years$167,564$157,938$148,869$140,329$132,289$122,539
7 years$142,181$132,636$123,711$115,372$107,586$98,238
8 years$123,152$113,693$104,917$96,783$89,253$80,306
9 years$108,360$98,991$90,365$82,438$75,164$66,614
10 years$96,533$87,255$78,782$71,062$64,044$55,885
11 years$86,863$77,678$69,359$61,845$55,080$47,306
12 years$78,810$69,720$61,554$54,247$47,731$40,334
13 years$72,002$63,006$54,994$47,892$41,622$34,593
14 years$66,171$57,271$49,413$42,513$36,486$29,815
15 years$61,122$52,318$44,613$37,914$32,125$25,802
16 years$56,709$48,001$40,448$33,948$28,392$22,406
17 years$52,819$44,207$36,806$30,502$25,174$19,514
18 years$49,365$40,849$33,599$27,488$22,384$17,038
19 years$46,278$37,859$30,759$24,838$19,951$14,908
20 years$43,503$35,180$28,229$22,496$17,821$13,069
21 years$40,996$32,769$25,965$20,416$15,948$11,474
22 years$38,720$30,589$23,931$18,563$14,295$10,088
23 years$36,645$28,609$22,096$16,906$12,832$8,881
24 years$34,745$26,805$20,435$15,419$11,534$7,826
25 years$33,000$25,155$18,927$14,082$10,378$6,903
26 years$31,392$23,642$17,554$12,875$9,349$6,093
27 years$29,906$22,249$16,300$11,785$8,428$5,383
28 years$28,528$20,966$15,153$10,798$7,605$4,758
29 years$27,248$19,779$14,101$9,902$6,867$4,208
30 years$26,055$18,679$13,135$9,087$6,205$3,723
31 years$24,942$17,658$12,245$8,346$5,610$3,296
32 years$23,900$16,708$11,425$7,670$5,075$2,918
33 years$22,923$15,822$10,668$7,053$4,592$2,585
34 years$22,006$14,996$9,967$6,490$4,158$2,291
35 years$21,143$14,224$9,319$5,974$3,766$2,030
36 years$20,329$13,500$8,717$5,502$3,412$1,800
37 years$19,562$12,822$8,159$5,069$3,093$1,596
38 years$18,837$12,186$7,641$4,673$2,804$1,415
39 years$18,150$11,587$7,159$4,308$2,543$1,255
40 years$17,500$11,024$6,710$3,974$2,306$1,114
41 years$16,882$10,494$6,292$3,666$2,092$988
42 years$16,296$9,994$5,902$3,384$1,898$877
43 years$15,739$9,523$5,538$3,123$1,723$778
44 years$15,208$9,077$5,198$2,884$1,564$691
45 years$14,703$8,656$4,881$2,663$1,420$613
46 years$14,220$8,257$4,584$2,460$1,289$544
47 years$13,760$7,880$4,307$2,273$1,171$483
48 years$13,320$7,522$4,047$2,100$1,063$429
49 years$12,900$7,184$3,804$1,941$965$381
50 years$12,497$6,862$3,577$1,794$877$338

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 $6,823 every year, while hoping to spend $47,076 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: 54/20/26 Blend
73$12,800,000$12,800,000$12,800,000$12,800,000
74$14,112,638$13,434,238$13,235,838$14,772,736
75$15,502,038$14,042,427$13,629,150$15,837,029
76$17,031,580$14,678,840$14,034,060$16,989,668
77$18,715,508$15,344,809$14,450,907$18,243,590
78$20,569,517$16,041,732$14,880,040$19,608,525
79$22,610,903$16,771,073$15,321,818$21,095,166
80$24,858,725$17,534,365$15,776,608$22,715,277
81$27,333,982$18,333,216$16,244,792$24,481,793
82$30,059,815$19,169,311$16,726,759$26,408,943
83$33,061,723$20,044,413$17,222,912$28,512,380
84$36,367,803$20,960,374$17,733,664$30,809,324
85$40,009,017$21,919,130$18,259,440$33,318,720
86$44,019,484$22,922,715$18,800,678$36,061,415
87$48,436,799$23,973,256$19,357,828$39,060,349
88$53,302,391$25,072,984$19,931,354$42,340,769
89$58,661,912$26,224,237$20,521,732$45,930,460
90$64,565,669$27,429,466$21,129,451$49,860,004
91$71,069,096$28,691,239$21,755,017$54,163,065
92$78,233,282$30,012,248$22,398,948$58,876,697
93$86,125,541$31,395,312$23,061,777$64,041,695
94$94,820,053$32,843,390$23,744,054$69,702,970
95$104,398,561$34,359,579$24,446,343$75,909,966
96$114,951,144$35,947,127$25,169,224$82,717,126
97$126,577,063$37,609,439$25,913,296$90,184,394
98$139,385,705$39,350,083$26,679,173$98,377,776
99$153,497,608$41,172,799$27,467,486$107,369,957
100$169,045,604$43,081,506$28,278,887$117,240,982