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%18.2%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,009,961
2 years$535,538$525,564$515,897$506,525$497,434$462,860
3 years$353,479$343,462$333,820$324,536$315,593$282,181
4 years$262,467$252,481$242,935$233,810$225,083$193,090
5 years$207,874$197,948$188,528$179,588$171,105$140,615
6 years$171,491$161,639$152,358$143,618$135,389$106,427
7 years$145,513$135,744$126,611$118,076$110,108$82,670
8 years$126,039$116,358$107,376$99,051$91,345$65,411
9 years$110,900$101,311$92,483$84,370$76,926$52,464
10 years$98,796$89,300$80,629$72,728$65,545$42,518
11 years$88,899$79,499$70,984$63,295$56,371$34,734
12 years$80,658$71,354$62,997$55,518$48,850$28,555
13 years$73,689$64,483$56,283$49,014$42,598$23,594
14 years$67,722$58,613$50,571$43,509$37,341$19,574
15 years$62,555$53,544$45,659$38,803$32,878$16,293
16 years$58,038$49,126$41,396$34,744$29,058$13,599
17 years$54,057$45,243$37,669$31,217$25,764$11,375
18 years$50,522$41,807$34,387$28,133$22,909$9,533
19 years$47,362$38,746$31,480$25,420$20,419$8,001
20 years$44,523$36,005$28,890$23,023$18,239$6,724
21 years$41,957$33,537$26,574$20,895$16,321$5,657
22 years$39,627$31,305$24,492$18,998$14,630$4,763
23 years$37,503$29,279$22,614$17,302$13,133$4,014
24 years$35,559$27,433$20,914$15,780$11,804$3,384
25 years$33,774$25,744$19,370$14,412$10,622$2,855
26 years$32,128$24,196$17,965$13,177$9,568$2,410
27 years$30,607$22,771$16,682$12,061$8,626$2,035
28 years$29,197$21,457$15,508$11,051$7,783$1,718
29 years$27,887$20,242$14,432$10,134$7,028$1,452
30 years$26,666$19,117$13,443$9,300$6,350$1,227
31 years$25,526$18,071$12,532$8,542$5,741$1,037
32 years$24,460$17,099$11,693$7,850$5,194$876
33 years$23,460$16,193$10,918$7,219$4,700$741
34 years$22,521$15,348$10,201$6,642$4,255$626
35 years$21,638$14,557$9,537$6,114$3,854$530
36 years$20,806$13,817$8,922$5,631$3,492$448
37 years$20,020$13,123$8,350$5,188$3,165$379
38 years$19,278$12,471$7,820$4,782$2,869$320
39 years$18,575$11,859$7,326$4,409$2,602$271
40 years$17,910$11,283$6,867$4,067$2,360$229
41 years$17,278$10,740$6,439$3,752$2,141$194
42 years$16,678$10,229$6,040$3,463$1,943$164
43 years$16,108$9,746$5,668$3,197$1,763$139
44 years$15,565$9,290$5,320$2,952$1,601$117
45 years$15,047$8,859$4,995$2,726$1,453$99
46 years$14,554$8,451$4,692$2,518$1,319$84
47 years$14,083$8,065$4,408$2,326$1,198$71
48 years$13,632$7,699$4,142$2,150$1,088$60
49 years$13,202$7,352$3,893$1,987$988$51
50 years$12,790$7,023$3,660$1,836$898$43

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 $6,949 every year, while hoping to spend $53,951 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: 45/41/14 Blend
73$13,100,000$13,100,000$13,100,000$13,100,000
74$14,443,368$13,749,068$13,546,018$15,035,269
75$15,859,188$14,365,369$13,942,406$16,064,357
76$17,417,613$15,010,060$14,350,265$17,173,596
77$19,133,133$15,684,476$14,769,922$18,375,234
78$21,021,712$16,390,015$15,201,714$19,677,837
79$23,100,941$17,128,140$15,645,986$21,090,810
80$25,390,205$17,900,387$16,103,094$22,624,475
81$27,910,862$18,708,362$16,573,404$24,290,169
82$30,686,448$19,553,750$17,057,291$26,100,343
83$33,742,898$20,438,315$17,555,142$28,068,671
84$37,108,787$21,363,907$18,067,353$30,210,179
85$40,815,607$22,332,462$18,594,333$32,541,375
86$44,898,057$23,346,011$19,136,501$35,080,400
87$49,394,374$24,406,680$19,694,289$37,847,192
88$54,346,691$25,516,698$20,268,139$40,863,670
89$59,801,438$26,678,401$20,858,506$44,153,928
90$65,809,779$27,894,237$21,465,860$47,744,457
91$72,428,091$29,166,769$22,090,681$51,664,390
92$79,718,500$30,498,685$22,733,463$55,945,762
93$87,749,468$31,892,801$23,394,714$60,623,808
94$96,596,434$33,352,069$24,074,958$65,737,283
95$106,342,532$34,879,581$24,774,730$71,328,821
96$117,079,369$36,478,580$25,494,583$77,445,325
97$128,907,895$38,152,461$26,235,082$84,138,398
98$141,939,354$39,904,785$26,996,810$91,464,823
99$156,296,331$41,739,282$27,780,367$99,487,080
100$172,113,914$43,659,864$28,586,366$108,273,932