Can I retire at age 74 with 13,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,044,712
2 years$543,714$533,587$523,774$514,258$505,029$489,097
3 years$358,875$348,705$338,916$329,490$320,411$304,892
4 years$266,474$256,335$246,644$237,379$228,520$213,533
5 years$211,048$200,970$191,406$182,330$173,717$159,306
6 years$174,109$164,107$154,685$145,811$137,456$123,638
7 years$147,735$137,817$128,544$119,879$111,789$98,568
8 years$127,963$118,135$109,015$100,564$92,740$80,114
9 years$112,593$102,857$93,895$85,658$78,100$66,063
10 years$100,304$90,664$81,860$73,838$66,545$55,088
11 years$90,256$80,713$72,068$64,261$57,231$46,342
12 years$81,889$72,443$63,958$56,366$49,595$39,261
13 years$74,814$65,468$57,143$49,762$43,248$33,454
14 years$68,756$59,508$51,343$44,173$37,911$28,641
15 years$63,510$54,362$46,356$39,395$33,380$24,618
16 years$58,924$49,876$42,028$35,274$29,501$21,231
17 years$54,882$45,934$38,244$31,693$26,158$18,361
18 years$51,293$42,445$34,912$28,562$23,258$15,916
19 years$48,086$39,338$31,960$25,808$20,731$13,825
20 years$45,202$36,554$29,331$23,374$18,517$12,030
21 years$42,597$34,049$26,979$21,214$16,571$10,484
22 years$40,232$31,783$24,866$19,288$14,853$9,148
23 years$38,076$29,726$22,959$17,566$13,333$7,991
24 years$36,102$27,852$21,233$16,021$11,984$6,987
25 years$34,289$26,137$19,666$14,632$10,784$6,115
26 years$32,619$24,565$18,239$13,378$9,714$5,355
27 years$31,074$23,119$16,937$12,246$8,758$4,693
28 years$29,643$21,784$15,745$11,220$7,902$4,115
29 years$28,312$20,551$14,652$10,289$7,136$3,610
30 years$27,073$19,408$13,648$9,442$6,447$3,168
31 years$25,916$18,347$12,723$8,672$5,829$2,781
32 years$24,833$17,360$11,871$7,970$5,273$2,442
33 years$23,818$16,441$11,084$7,329$4,772$2,146
34 years$22,865$15,582$10,356$6,743$4,320$1,885
35 years$21,968$14,779$9,683$6,208$3,913$1,657
36 years$21,123$14,028$9,058$5,717$3,546$1,457
37 years$20,326$13,323$8,478$5,267$3,213$1,281
38 years$19,572$12,662$7,939$4,855$2,913$1,126
39 years$18,859$12,040$7,438$4,477$2,642$990
40 years$18,183$11,455$6,972$4,129$2,396$871
41 years$17,542$10,904$6,537$3,810$2,174$766
42 years$16,933$10,385$6,132$3,516$1,973$674
43 years$16,354$9,895$5,754$3,245$1,790$593
44 years$15,802$9,432$5,401$2,997$1,625$522
45 years$15,277$8,994$5,072$2,768$1,475$459
46 years$14,776$8,580$4,764$2,556$1,339$404
47 years$14,298$8,188$4,475$2,362$1,216$355
48 years$13,841$7,816$4,205$2,182$1,105$313
49 years$13,404$7,464$3,953$2,017$1,003$275
50 years$12,985$7,130$3,716$1,864$911$242

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $13,300,000, adding $4,234 every year, while hoping to spend $25,369 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: 38/38/24 Blend
73$13,300,000$13,300,000$13,300,000$13,300,000
74$14,660,967$13,956,067$13,749,917$15,112,838
75$16,129,394$14,612,922$14,183,547$16,099,201
76$17,746,749$15,301,113$14,630,853$17,161,817
77$19,528,198$16,022,148$15,092,267$18,309,741
78$21,490,450$16,777,608$15,568,234$19,550,714
79$23,651,918$17,569,154$16,059,212$20,893,219
80$26,032,893$18,398,522$16,565,675$22,346,565
81$28,655,735$19,267,537$17,088,113$23,920,964
82$31,545,083$20,178,109$17,627,027$25,627,619
83$34,728,088$21,132,242$18,182,939$27,478,828
84$38,234,670$22,132,039$18,756,384$29,488,092
85$42,097,799$23,179,702$19,347,916$31,670,232
86$46,353,808$24,277,540$19,958,104$34,041,526
87$51,042,733$25,427,977$20,587,538$36,619,850
88$56,208,696$26,633,552$21,236,824$39,424,844
89$61,900,314$27,896,927$21,906,589$42,478,085
90$68,171,165$29,220,895$22,597,478$45,803,280
91$75,080,288$30,608,383$23,310,159$49,426,487
92$82,692,746$32,062,462$24,045,317$53,376,345
93$91,080,233$33,586,351$24,803,663$57,684,336
94$100,321,759$35,183,423$25,585,927$62,385,073
95$110,504,387$36,857,220$26,392,865$67,516,612
96$121,724,063$38,611,452$27,225,253$73,120,804
97$134,086,514$40,450,010$28,083,897$79,243,675
98$147,708,253$42,376,975$28,969,622$85,935,847
99$162,717,675$44,396,627$29,883,284$93,253,004
100$179,256,268$46,513,452$30,825,764$101,256,403