Can I retire at age 74 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,010,348
2 years$531,449$521,552$511,959$502,659$493,637$467,321
3 years$350,780$340,840$331,272$322,058$313,184$287,664
4 years$260,463$250,553$241,081$232,025$223,365$198,839
5 years$206,287$196,437$187,089$178,217$169,799$146,334
6 years$170,182$160,405$151,195$142,522$134,356$111,976
7 years$144,402$134,708$125,644$117,175$109,267$87,974
8 years$125,077$115,470$106,556$98,295$90,648$70,432
9 years$110,053$100,537$91,777$83,726$76,339$57,182
10 years$98,042$88,619$80,013$72,172$65,044$46,924
11 years$88,220$78,892$70,442$62,812$55,940$38,830
12 years$80,042$70,809$62,516$55,094$48,477$32,347
13 years$73,127$63,991$55,854$48,640$42,273$27,091
14 years$67,205$58,166$50,185$43,177$37,056$22,788
15 years$62,077$53,136$45,310$38,506$32,627$19,238
16 years$57,595$48,751$41,080$34,478$28,836$16,289
17 years$53,644$44,898$37,381$30,978$25,568$13,826
18 years$50,136$41,488$34,124$27,918$22,734$11,760
19 years$47,001$38,450$31,239$25,226$20,263$10,020
20 years$44,183$35,730$28,670$22,847$18,099$8,550
21 years$41,637$33,281$26,371$20,735$16,197$7,305
22 years$39,325$31,067$24,305$18,853$14,518$6,248
23 years$37,217$29,056$22,441$17,170$13,032$5,348
24 years$35,288$27,224$20,754$15,660$11,714$4,582
25 years$33,516$25,548$19,223$14,302$10,541$3,928
26 years$31,883$24,011$17,828$13,077$9,495$3,369
27 years$30,373$22,597$16,555$11,969$8,560$2,891
28 years$28,974$21,293$15,390$10,966$7,724$2,482
29 years$27,674$20,088$14,322$10,056$6,975$2,131
30 years$26,462$18,971$13,340$9,229$6,302$1,831
31 years$25,331$17,934$12,436$8,476$5,698$1,573
32 years$24,273$16,969$11,603$7,790$5,154$1,352
33 years$23,281$16,070$10,834$7,164$4,664$1,162
34 years$22,349$15,230$10,123$6,591$4,223$999
35 years$21,473$14,446$9,464$6,067$3,825$859
36 years$20,647$13,711$8,853$5,588$3,466$739
37 years$19,868$13,022$8,287$5,149$3,141$635
38 years$19,131$12,376$7,760$4,746$2,848$547
39 years$18,434$11,768$7,270$4,376$2,582$470
40 years$17,773$11,197$6,815$4,036$2,342$404
41 years$17,146$10,658$6,390$3,724$2,125$348
42 years$16,551$10,150$5,994$3,436$1,928$299
43 years$15,985$9,671$5,624$3,172$1,750$258
44 years$15,446$9,219$5,280$2,929$1,588$222
45 years$14,932$8,791$4,957$2,705$1,442$191
46 years$14,443$8,386$4,656$2,499$1,309$164
47 years$13,975$8,003$4,374$2,309$1,189$141
48 years$13,528$7,640$4,111$2,133$1,080$121
49 years$13,101$7,296$3,864$1,971$981$105
50 years$12,693$6,969$3,632$1,822$891$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $13,000,000, adding $5,578 every year, while hoping to spend $54,568 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: 54/33/13 Blend
73$13,000,000$13,000,000$13,000,000$13,000,000
74$14,331,754$13,642,754$13,441,254$15,056,717
75$15,735,533$14,253,189$13,833,476$16,160,913
76$17,280,668$14,891,706$14,237,008$17,355,783
77$18,981,521$15,559,624$14,652,173$18,655,062
78$20,853,915$16,258,325$15,079,299$20,068,689
79$22,915,286$16,989,254$15,518,727$21,607,586
80$25,184,846$17,753,929$15,970,806$23,283,759
81$27,683,766$18,553,937$16,435,893$25,110,403
82$30,435,372$19,390,942$16,914,358$27,102,026
83$33,465,370$20,266,688$17,406,579$29,274,579
84$36,802,085$21,183,002$17,912,946$31,645,601
85$40,476,726$22,141,798$18,433,858$34,234,383
86$44,523,686$23,145,081$18,969,727$37,062,140
87$48,980,864$24,194,952$19,520,975$40,152,209
88$53,890,021$25,293,613$20,088,037$43,530,262
89$59,297,175$26,443,372$20,671,357$47,224,542
90$65,253,035$27,646,645$21,271,396$51,266,124
91$71,813,481$28,905,967$21,888,624$55,689,201
92$79,040,088$30,223,991$22,523,525$60,531,400
93$87,000,710$31,603,501$23,176,596$65,834,130
94$95,770,120$33,047,409$23,848,350$71,642,963
95$105,430,713$34,558,773$24,539,310$78,008,060
96$116,073,285$36,140,792$25,250,017$84,984,634
97$127,797,892$37,796,823$25,981,024$92,633,461
98$140,714,791$39,530,381$26,732,902$101,021,447
99$154,945,481$41,345,151$27,506,235$110,222,248
100$170,623,851$43,244,994$28,301,625$120,316,957