Can I retire at age 74 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$834,049$826,619$819,371$812,296$805,388$800,312
2 years$412,895$405,206$397,753$390,527$383,518$378,398
3 years$272,529$264,806$257,372$250,214$243,320$238,314
4 years$202,360$194,661$187,301$180,265$173,538$168,685
5 years$160,269$152,616$145,353$138,461$131,921$127,235
6 years$132,218$124,623$117,467$110,728$104,384$99,872
7 years$112,190$104,658$97,616$91,036$84,892$80,555
8 years$97,175$89,711$82,786$76,368$70,426$66,265
9 years$85,503$78,110$71,303$65,048$59,309$55,322
10 years$76,171$68,850$62,164$56,072$50,534$46,720
11 years$68,540$61,293$54,728$48,800$43,461$39,817
12 years$62,186$55,013$48,570$42,804$37,663$34,185
13 years$56,814$49,716$43,394$37,789$32,843$29,528
14 years$52,213$45,190$38,990$33,545$28,790$25,634
15 years$48,229$41,282$35,202$29,917$25,349$22,348
16 years$44,747$37,876$31,916$26,787$22,403$19,554
17 years$41,677$34,882$29,042$24,068$19,864$17,161
18 years$38,952$32,233$26,512$21,690$17,662$15,100
19 years$36,516$29,873$24,270$19,599$15,743$13,318
20 years$34,327$27,759$22,274$17,750$14,062$11,768
21 years$32,348$25,857$20,488$16,110$12,584$10,417
22 years$30,552$24,136$18,883$14,647$11,280$9,235
23 years$28,915$22,574$17,435$13,340$10,125$8,198
24 years$27,416$21,151$16,124$12,167$9,101$7,285
25 years$26,039$19,849$14,934$11,111$8,189$6,481
26 years$24,771$18,655$13,851$10,159$7,377$5,771
27 years$23,598$17,556$12,862$9,299$6,651$5,142
28 years$22,511$16,543$11,957$8,520$6,001$4,585
29 years$21,500$15,607$11,127$7,813$5,419$4,091
30 years$20,559$14,739$10,364$7,170$4,896$3,653
31 years$19,680$13,933$9,662$6,586$4,427$3,263
32 years$18,858$13,183$9,015$6,052$4,004$2,915
33 years$18,088$12,485$8,417$5,566$3,624$2,606
34 years$17,364$11,833$7,865$5,121$3,281$2,331
35 years$16,683$11,223$7,353$4,714$2,972$2,085
36 years$16,041$10,653$6,878$4,341$2,692$1,865
37 years$15,436$10,117$6,438$4,000$2,440$1,670
38 years$14,863$9,615$6,029$3,687$2,212$1,495
39 years$14,322$9,143$5,649$3,400$2,006$1,338
40 years$13,808$8,699$5,294$3,136$1,820$1,198
41 years$13,321$8,281$4,964$2,893$1,651$1,073
42 years$12,859$7,886$4,657$2,670$1,498$961
43 years$12,419$7,514$4,370$2,465$1,360$861
44 years$12,000$7,162$4,102$2,276$1,234$772
45 years$11,601$6,830$3,851$2,102$1,120$692
46 years$11,221$6,515$3,617$1,941$1,017$620
47 years$10,858$6,218$3,398$1,794$924$555
48 years$10,511$5,936$3,194$1,657$839$498
49 years$10,179$5,668$3,002$1,532$762$446
50 years$9,861$5,415$2,822$1,416$692$400

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,100,000, adding $3,542 every year, while hoping to spend $25,761 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: 82/10/8 Blend
73$10,100,000$10,100,000$10,100,000$10,100,000
74$11,133,854$10,598,554$10,442,004$12,035,795
75$12,242,097$11,090,473$10,764,401$13,118,340
76$13,462,518$11,605,633$11,096,736$14,302,758
77$14,806,531$12,145,146$11,439,313$15,602,263
78$16,286,716$12,710,176$11,792,448$17,028,369
79$17,916,931$13,301,945$12,156,465$18,593,756
80$19,712,451$13,921,733$12,531,699$20,312,389
81$21,690,105$14,570,883$12,918,496$22,199,645
82$23,868,440$15,250,800$13,317,210$24,272,460
83$26,267,893$15,962,961$13,728,209$26,549,486
84$28,910,984$16,708,912$14,151,869$29,051,268
85$31,822,528$17,490,273$14,588,580$31,800,432
86$35,029,872$18,308,743$15,038,744$34,821,901
87$38,563,152$19,166,103$15,502,775$38,143,128
88$42,455,573$20,064,222$15,981,097$41,794,349
89$46,743,728$21,005,056$16,474,151$45,808,876
90$51,467,943$21,990,658$16,982,390$50,223,397
91$56,672,653$23,023,180$17,506,279$55,078,333
92$62,406,825$24,104,877$18,046,301$60,418,209
93$68,724,420$25,238,115$18,602,951$66,292,074
94$75,684,900$26,425,372$19,176,740$72,753,965
95$83,353,794$27,669,249$19,768,194$79,863,410
96$91,803,308$28,972,470$20,377,856$87,685,991
97$101,113,018$30,337,893$21,006,286$96,293,959
98$111,370,609$31,768,513$21,654,061$105,766,915
99$122,672,713$33,267,472$22,321,773$116,192,556
100$135,125,814$34,838,063$23,010,037$127,667,502