Can I retire at age 74 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,024,359
2 years$535,538$525,564$515,897$506,525$497,434$477,112
3 years$353,479$343,462$333,820$324,536$315,593$295,834
4 years$262,467$252,481$242,935$233,810$225,083$206,042
5 years$207,874$197,948$188,528$179,588$171,105$152,834
6 years$171,491$161,639$152,358$143,618$135,389$117,909
7 years$145,513$135,744$126,611$118,076$110,108$93,423
8 years$126,039$116,358$107,376$99,051$91,345$75,450
9 years$110,900$101,311$92,483$84,370$76,926$61,811
10 years$98,796$89,300$80,629$72,728$65,545$51,196
11 years$88,899$79,499$70,984$63,295$56,371$42,771
12 years$80,658$71,354$62,997$55,518$48,850$35,980
13 years$73,689$64,483$56,283$49,014$42,598$30,437
14 years$67,722$58,613$50,571$43,509$37,341$25,866
15 years$62,555$53,544$45,659$38,803$32,878$22,065
16 years$58,038$49,126$41,396$34,744$29,058$18,883
17 years$54,057$45,243$37,669$31,217$25,764$16,202
18 years$50,522$41,807$34,387$28,133$22,909$13,934
19 years$47,362$38,746$31,480$25,420$20,419$12,005
20 years$44,523$36,005$28,890$23,023$18,239$10,361
21 years$41,957$33,537$26,574$20,895$16,321$8,954
22 years$39,627$31,305$24,492$18,998$14,630$7,748
23 years$37,503$29,279$22,614$17,302$13,133$6,710
24 years$35,559$27,433$20,914$15,780$11,804$5,817
25 years$33,774$25,744$19,370$14,412$10,622$5,047
26 years$32,128$24,196$17,965$13,177$9,568$4,381
27 years$30,607$22,771$16,682$12,061$8,626$3,805
28 years$29,197$21,457$15,508$11,051$7,783$3,307
29 years$27,887$20,242$14,432$10,134$7,028$2,875
30 years$26,666$19,117$13,443$9,300$6,350$2,500
31 years$25,526$18,071$12,532$8,542$5,741$2,175
32 years$24,460$17,099$11,693$7,850$5,194$1,893
33 years$23,460$16,193$10,918$7,219$4,700$1,648
34 years$22,521$15,348$10,201$6,642$4,255$1,435
35 years$21,638$14,557$9,537$6,114$3,854$1,249
36 years$20,806$13,817$8,922$5,631$3,492$1,088
37 years$20,020$13,123$8,350$5,188$3,165$948
38 years$19,278$12,471$7,820$4,782$2,869$826
39 years$18,575$11,859$7,326$4,409$2,602$719
40 years$17,910$11,283$6,867$4,067$2,360$627
41 years$17,278$10,740$6,439$3,752$2,141$546
42 years$16,678$10,229$6,040$3,463$1,943$476
43 years$16,108$9,746$5,668$3,197$1,763$415
44 years$15,565$9,290$5,320$2,952$1,601$361
45 years$15,047$8,859$4,995$2,726$1,453$315
46 years$14,554$8,451$4,692$2,518$1,319$275
47 years$14,083$8,065$4,408$2,326$1,198$239
48 years$13,632$7,699$4,142$2,150$1,088$209
49 years$13,202$7,352$3,893$1,987$988$182
50 years$12,790$7,023$3,660$1,836$898$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $13,100,000, adding $5,280 every year, while hoping to spend $42,043 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: 31/45/24 Blend
73$13,100,000$13,100,000$13,100,000$13,100,000
74$14,441,646$13,747,346$13,544,296$14,782,181
75$15,869,961$14,376,233$13,953,297$15,671,533
76$17,442,554$15,034,526$14,374,590$16,624,094
77$19,174,099$15,723,621$14,808,542$17,648,639
78$21,080,762$16,444,984$15,255,533$18,751,476
79$23,180,357$17,200,146$15,715,952$19,939,512
80$25,492,517$17,990,716$16,190,199$21,220,312
81$28,038,871$18,818,379$16,678,689$22,602,162
82$30,843,256$19,684,900$17,181,845$24,094,145
83$33,931,938$20,592,129$17,700,106$25,706,215
84$37,333,859$21,542,007$18,233,923$27,449,289
85$41,080,913$22,536,566$18,783,760$29,335,336
86$45,208,246$23,577,937$19,350,096$31,377,487
87$49,754,584$24,668,353$19,933,421$33,590,148
88$54,762,605$25,810,155$20,534,243$35,989,130
89$60,279,334$27,005,797$21,153,085$38,591,785
90$66,356,595$28,257,850$21,790,482$41,417,165
91$73,051,493$29,569,009$22,446,988$44,486,187
92$80,426,956$30,942,101$23,123,172$47,821,824
93$88,552,328$32,380,088$23,819,622$51,449,310
94$97,504,026$33,886,072$24,536,940$55,396,365
95$107,366,257$35,463,310$25,275,748$59,693,446
96$118,231,816$37,115,213$26,036,685$64,374,023
97$130,202,959$38,845,356$26,820,412$69,474,881
98$143,392,370$40,657,488$27,627,605$75,036,453
99$157,924,226$42,555,539$28,458,964$81,103,189
100$173,935,365$44,543,628$29,315,207$87,723,957