Can I retire at age 74 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,049,107
2 years$547,802$537,599$527,712$518,125$508,826$489,322
3 years$361,573$351,327$341,464$331,968$322,820$303,848
4 years$268,478$258,263$248,499$239,164$230,238$211,944
5 years$212,635$202,481$192,845$183,701$175,023$157,459
6 years$175,418$165,341$155,848$146,907$138,490$121,676
7 years$148,845$138,853$129,510$120,780$112,629$96,570
8 years$128,925$119,023$109,835$101,320$93,437$78,128
9 years$113,439$103,631$94,601$86,302$78,687$64,119
10 years$101,058$91,345$82,475$74,393$67,046$53,206
11 years$90,935$81,319$72,610$64,744$57,661$44,534
12 years$82,505$72,988$64,439$56,789$49,968$37,536
13 years$75,377$65,960$57,572$50,137$43,573$31,816
14 years$69,273$59,956$51,729$44,506$38,196$27,093
15 years$63,987$54,771$46,704$39,691$33,631$23,160
16 years$59,367$50,251$42,344$35,539$29,723$19,861
17 years$55,295$46,279$38,532$31,932$26,354$17,079
18 years$51,679$42,764$35,174$28,777$23,433$14,719
19 years$48,447$39,633$32,200$26,002$20,887$12,711
20 years$45,542$36,829$29,552$23,550$18,656$10,994
21 years$42,918$34,305$27,182$21,373$16,695$9,523
22 years$40,535$32,022$25,053$19,433$14,965$8,259
23 years$38,362$29,950$23,132$17,698$13,433$7,170
24 years$36,374$28,061$21,393$16,142$12,074$6,230
25 years$34,547$26,334$19,814$14,742$10,865$5,418
26 years$32,864$24,750$18,376$13,479$9,787$4,715
27 years$31,308$23,292$17,064$12,338$8,824$4,105
28 years$29,866$21,948$15,863$11,304$7,962$3,576
29 years$28,525$20,706$14,762$10,366$7,189$3,117
30 years$27,277$19,554$13,750$9,513$6,496$2,717
31 years$26,111$18,485$12,819$8,737$5,873$2,370
32 years$25,020$17,491$11,960$8,030$5,312$2,068
33 years$23,997$16,564$11,168$7,384$4,808$1,804
34 years$23,037$15,699$10,434$6,794$4,353$1,575
35 years$22,134$14,890$9,755$6,254$3,943$1,375
36 years$21,282$14,133$9,126$5,760$3,572$1,200
37 years$20,479$13,423$8,542$5,307$3,238$1,048
38 years$19,720$12,757$7,999$4,892$2,935$915
39 years$19,001$12,130$7,494$4,510$2,662$800
40 years$18,320$11,541$7,024$4,160$2,414$698
41 years$17,674$10,986$6,586$3,838$2,190$610
42 years$17,060$10,463$6,178$3,542$1,987$533
43 years$16,477$9,969$5,798$3,270$1,804$466
44 years$15,921$9,502$5,442$3,019$1,637$407
45 years$15,392$9,061$5,110$2,788$1,486$356
46 years$14,887$8,644$4,799$2,576$1,350$311
47 years$14,405$8,249$4,509$2,380$1,225$272
48 years$13,945$7,875$4,237$2,199$1,113$237
49 years$13,504$7,520$3,983$2,032$1,011$207
50 years$13,083$7,184$3,744$1,878$918$181

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $13,400,000, adding $3,582 every year, while hoping to spend $59,611 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: 61/32/7 Blend
73$13,400,000$13,400,000$13,400,000$13,400,000
74$14,770,495$14,060,295$13,852,595$15,650,651
75$16,213,660$14,685,824$14,253,231$16,865,123
76$17,802,029$15,340,005$14,665,291$18,182,424
77$19,550,352$16,024,181$15,089,094$19,618,171
78$21,474,878$16,739,756$15,524,968$21,183,783
79$23,593,512$17,488,201$15,973,252$22,891,817
80$25,925,986$18,271,058$16,434,291$24,756,077
81$28,494,039$19,089,943$16,908,442$26,791,747
82$31,321,627$19,946,546$17,396,071$29,015,523
83$34,435,146$20,842,640$17,897,552$31,445,772
84$37,863,684$21,780,082$18,413,273$34,102,700
85$41,639,291$22,760,818$18,943,630$37,008,533
86$45,797,286$23,786,885$19,489,029$40,187,726
87$50,376,587$24,860,420$20,049,888$43,667,188
88$55,420,077$25,983,659$20,626,638$47,476,530
89$60,975,013$27,158,946$21,219,719$51,648,336
90$67,093,469$28,388,739$21,829,584$56,218,469
91$73,832,825$29,675,610$22,456,697$61,226,400
92$81,256,315$31,022,256$23,101,538$66,715,575
93$89,433,615$32,431,503$23,764,596$72,733,816
94$98,441,509$33,906,311$24,446,375$79,333,769
95$108,364,606$35,449,784$25,147,391$86,573,391
96$119,296,144$37,065,171$25,868,177$94,516,486
97$131,338,867$38,755,881$26,609,277$103,233,305
98$144,605,994$40,525,482$27,371,251$112,801,195
99$159,222,292$42,377,717$28,154,674$123,305,325
100$175,325,246$44,316,506$28,960,136$134,839,474