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%12.7%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,040,728
2 years$539,626$529,576$519,835$510,392$501,232$489,294
3 years$356,177$346,083$336,368$327,013$318,002$306,355
4 years$264,470$254,408$244,790$235,594$226,802$215,536
5 years$209,461$199,459$189,967$180,959$172,411$161,559
6 years$172,800$162,873$153,521$144,714$136,423$125,998
7 years$146,624$136,781$127,577$118,978$110,948$100,954
8 years$127,001$117,246$108,195$99,807$92,042$82,479
9 years$111,746$102,084$93,189$85,014$77,513$68,376
10 years$99,550$89,982$81,244$73,283$66,045$57,329
11 years$89,578$80,106$71,526$63,778$56,801$48,498
12 years$81,273$71,899$63,477$55,942$49,222$41,324
13 years$74,252$64,975$56,713$49,388$42,923$35,419
14 years$68,239$59,061$50,957$43,841$37,626$30,507
15 years$63,032$53,953$46,007$39,099$33,129$26,383
16 years$58,481$49,501$41,712$35,009$29,279$22,895
17 years$54,469$45,589$37,956$31,455$25,961$19,926
18 years$50,907$42,126$34,649$28,347$23,083$17,385
19 years$47,724$39,042$31,720$25,614$20,575$15,201
20 years$44,863$36,280$29,111$23,199$18,378$13,315
21 years$42,277$33,793$26,776$21,054$16,446$11,682
22 years$39,930$31,544$24,679$19,143$14,742$10,263
23 years$37,790$29,503$22,786$17,434$13,233$9,028
24 years$35,831$27,642$21,073$15,901$11,894$7,949
25 years$34,032$25,941$19,518$14,522$10,703$7,006
26 years$32,373$24,380$18,102$13,278$9,641$6,180
27 years$30,841$22,945$16,809$12,153$8,692$5,455
28 years$29,420$21,621$15,627$11,135$7,843$4,817
29 years$28,100$20,397$14,542$10,211$7,082$4,257
30 years$26,869$19,262$13,545$9,371$6,399$3,764
31 years$25,721$18,209$12,628$8,607$5,785$3,329
32 years$24,647$17,230$11,782$7,910$5,233$2,945
33 years$23,639$16,317$11,001$7,274$4,736$2,607
34 years$22,693$15,465$10,279$6,693$4,288$2,308
35 years$21,803$14,668$9,610$6,161$3,884$2,044
36 years$20,965$13,922$8,990$5,674$3,519$1,810
37 years$20,173$13,223$8,414$5,228$3,189$1,604
38 years$19,425$12,566$7,880$4,819$2,891$1,421
39 years$18,717$11,949$7,382$4,443$2,622$1,260
40 years$18,046$11,369$6,919$4,098$2,378$1,116
41 years$17,410$10,822$6,488$3,781$2,158$990
42 years$16,806$10,307$6,086$3,489$1,958$877
43 years$16,231$9,820$5,711$3,221$1,777$778
44 years$15,683$9,361$5,361$2,974$1,613$690
45 years$15,162$8,926$5,034$2,747$1,464$612
46 years$14,665$8,515$4,728$2,537$1,329$543
47 years$14,190$8,126$4,442$2,344$1,207$481
48 years$13,737$7,757$4,174$2,166$1,096$427
49 years$13,303$7,408$3,923$2,002$996$379
50 years$12,888$7,076$3,688$1,850$904$336

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 $2,762 every year, while hoping to spend $21,017 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: 60/14/26 Blend
73$13,200,000$13,200,000$13,200,000$13,200,000
74$14,549,249$13,849,649$13,645,049$15,320,265
75$16,010,910$14,505,920$14,079,796$16,501,852
76$17,620,957$15,193,644$14,528,403$17,788,013
77$19,394,502$15,914,339$14,991,312$19,190,966
78$21,348,199$16,669,599$15,468,978$20,722,079
79$23,500,399$17,461,094$15,961,873$22,393,859
80$25,871,327$18,290,575$16,470,483$24,220,064
81$28,483,267$19,159,878$16,995,309$26,215,833
82$31,360,776$20,070,928$17,536,868$28,397,827
83$34,530,916$21,025,744$18,095,694$30,784,377
84$38,023,508$22,026,444$18,672,338$33,395,660
85$41,871,413$23,075,246$19,267,368$36,253,884
86$46,110,843$24,174,480$19,881,371$39,383,491
87$50,781,705$25,326,585$20,514,953$42,811,389
88$55,927,972$26,534,121$21,168,737$46,567,197
89$61,598,105$27,799,773$21,843,369$50,683,523
90$67,845,503$29,126,353$22,539,514$55,196,270
91$74,729,015$30,516,815$23,257,858$60,144,963
92$82,313,488$31,974,252$23,999,110$65,573,126
93$90,670,384$33,501,911$24,764,000$71,528,683
94$99,878,452$35,103,193$25,553,283$78,064,404
95$110,024,473$36,781,669$26,367,737$85,238,404
96$121,204,078$38,541,080$27,208,165$93,114,678
97$133,522,652$40,385,351$28,075,397$101,763,707
98$147,096,328$42,318,598$28,970,288$111,263,111
99$162,053,080$44,345,136$29,893,719$121,698,378
100$178,533,939$46,469,492$30,846,603$133,163,668