Can I retire at age 74 with 13,200,000?

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 $13,200,000?

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$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,035,149
2 years$539,626$529,576$519,835$510,392$501,232$483,714
3 years$356,177$346,083$336,368$327,013$318,002$300,950
4 years$264,470$254,408$244,790$235,594$226,802$210,347
5 years$209,461$199,459$189,967$180,959$172,411$156,601
6 years$172,800$162,873$153,521$144,714$136,423$121,275
7 years$146,624$136,781$127,577$118,978$110,948$96,468
8 years$127,001$117,246$108,195$99,807$92,042$78,226
9 years$111,746$102,084$93,189$85,014$77,513$64,354
10 years$99,550$89,982$81,244$73,283$66,045$53,531
11 years$89,578$80,106$71,526$63,778$56,801$44,920
12 years$81,273$71,899$63,477$55,942$49,222$37,958
13 years$74,252$64,975$56,713$49,388$42,923$32,259
14 years$68,239$59,061$50,957$43,841$37,626$27,544
15 years$63,032$53,953$46,007$39,099$33,129$23,611
16 years$58,481$49,501$41,712$35,009$29,279$20,305
17 years$54,469$45,589$37,956$31,455$25,961$17,510
18 years$50,907$42,126$34,649$28,347$23,083$15,135
19 years$47,724$39,042$31,720$25,614$20,575$13,108
20 years$44,863$36,280$29,111$23,199$18,378$11,372
21 years$42,277$33,793$26,776$21,054$16,446$9,880
22 years$39,930$31,544$24,679$19,143$14,742$8,595
23 years$37,790$29,503$22,786$17,434$13,233$7,485
24 years$35,831$27,642$21,073$15,901$11,894$6,524
25 years$34,032$25,941$19,518$14,522$10,703$5,692
26 years$32,373$24,380$18,102$13,278$9,641$4,969
27 years$30,841$22,945$16,809$12,153$8,692$4,340
28 years$29,420$21,621$15,627$11,135$7,843$3,793
29 years$28,100$20,397$14,542$10,211$7,082$3,317
30 years$26,869$19,262$13,545$9,371$6,399$2,901
31 years$25,721$18,209$12,628$8,607$5,785$2,539
32 years$24,647$17,230$11,782$7,910$5,233$2,222
33 years$23,639$16,317$11,001$7,274$4,736$1,946
34 years$22,693$15,465$10,279$6,693$4,288$1,704
35 years$21,803$14,668$9,610$6,161$3,884$1,492
36 years$20,965$13,922$8,990$5,674$3,519$1,308
37 years$20,173$13,223$8,414$5,228$3,189$1,146
38 years$19,425$12,566$7,880$4,819$2,891$1,004
39 years$18,717$11,949$7,382$4,443$2,622$880
40 years$18,046$11,369$6,919$4,098$2,378$771
41 years$17,410$10,822$6,488$3,781$2,158$676
42 years$16,806$10,307$6,086$3,489$1,958$593
43 years$16,231$9,820$5,711$3,221$1,777$520
44 years$15,683$9,361$5,361$2,974$1,613$456
45 years$15,162$8,926$5,034$2,747$1,464$400
46 years$14,665$8,515$4,728$2,537$1,329$350
47 years$14,190$8,126$4,442$2,344$1,207$307
48 years$13,737$7,757$4,174$2,166$1,096$269
49 years$13,303$7,408$3,923$2,002$996$236
50 years$12,888$7,076$3,688$1,850$904$207

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $13,200,000, adding $6,756 every year, while hoping to spend $43,853 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: 36/36/28 Blend
73$13,200,000$13,200,000$13,200,000$13,200,000
74$14,553,369$13,853,769$13,649,169$14,954,702
75$15,991,153$14,485,944$14,059,757$15,886,069
76$17,574,122$15,147,626$14,482,630$16,886,406
77$19,317,037$15,840,215$14,918,153$17,965,533
78$21,236,166$16,565,177$15,366,702$19,130,565
79$23,349,433$17,324,048$15,828,664$20,389,306
80$25,676,589$18,118,441$16,304,439$21,750,316
81$28,239,399$18,950,042$16,794,435$23,222,984
82$31,061,845$19,820,622$17,299,076$24,817,617
83$34,170,355$20,732,034$17,818,797$26,545,523
84$37,594,049$21,686,221$18,354,044$28,419,120
85$41,365,016$22,685,220$18,905,279$30,452,041
86$45,518,618$23,731,167$19,472,976$32,659,257
87$50,093,821$24,826,297$20,057,624$35,057,214
88$55,133,561$25,972,956$20,659,725$37,663,976
89$60,685,155$27,173,602$21,279,797$40,499,393
90$66,800,743$28,430,811$21,918,373$43,585,277
91$73,537,781$29,747,282$22,576,000$46,945,600
92$80,959,582$31,125,847$23,253,243$50,606,713
93$89,135,917$32,569,471$23,950,685$54,597,583
94$98,143,670$34,081,264$24,668,921$58,950,059
95$108,067,563$35,664,485$25,408,570$63,699,162
96$119,000,961$37,322,551$26,170,263$68,883,405
97$131,046,747$39,059,044$26,954,655$74,545,145
98$144,318,295$40,877,717$27,762,415$80,730,972
99$158,940,541$42,782,505$28,594,236$87,492,137
100$175,051,162$44,777,534$29,450,829$94,885,024