Can I retire at age 74 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$842,306$834,804$827,484$820,339$813,362$785,441
2 years$416,983$409,217$401,691$394,394$387,315$359,470
3 years$275,228$267,428$259,921$252,692$245,729$218,833
4 years$204,364$196,588$189,156$182,050$175,256$149,516
5 years$161,856$154,127$146,793$139,832$133,227$108,710
6 years$133,527$125,857$118,630$111,825$105,418$82,144
7 years$113,300$105,694$98,582$91,937$85,733$63,698
8 years$98,137$90,599$83,606$77,124$71,124$50,311
9 years$86,349$78,883$72,009$65,692$59,896$40,279
10 years$76,925$69,532$62,779$56,628$51,035$32,581
11 years$69,219$61,900$55,270$49,283$43,892$26,564
12 years$62,802$55,558$49,051$43,228$38,036$21,795
13 years$57,377$50,208$43,824$38,164$33,168$17,972
14 years$52,730$45,638$39,376$33,877$29,075$14,879
15 years$48,707$41,691$35,551$30,213$25,600$12,358
16 years$45,190$38,251$32,232$27,052$22,625$10,292
17 years$42,090$35,227$29,330$24,306$20,061$8,591
18 years$39,337$32,552$26,775$21,905$17,837$7,183
19 years$36,878$30,169$24,511$19,793$15,899$6,015
20 years$34,667$28,034$22,495$17,926$14,201$5,044
21 years$32,669$26,113$20,691$16,269$12,708$4,233
22 years$30,855$24,375$19,070$14,792$11,391$3,556
23 years$29,201$22,798$17,608$13,472$10,225$2,990
24 years$27,688$21,360$16,284$12,287$9,191$2,515
25 years$26,297$20,045$15,082$11,221$8,270$2,116
26 years$25,016$18,839$13,988$10,260$7,450$1,782
27 years$23,831$17,730$12,989$9,391$6,716$1,501
28 years$22,734$16,707$12,075$8,604$6,060$1,265
29 years$21,713$15,761$11,237$7,890$5,472$1,066
30 years$20,763$14,885$10,467$7,241$4,945$898
31 years$19,875$14,071$9,758$6,651$4,470$757
32 years$19,045$13,314$9,104$6,112$4,044$639
33 years$18,267$12,609$8,501$5,621$3,660$539
34 years$17,536$11,950$7,943$5,172$3,313$454
35 years$16,848$11,334$7,426$4,761$3,001$383
36 years$16,200$10,758$6,947$4,384$2,719$323
37 years$15,588$10,218$6,502$4,040$2,464$273
38 years$15,010$9,710$6,089$3,723$2,234$230
39 years$14,463$9,234$5,704$3,433$2,026$194
40 years$13,945$8,785$5,347$3,167$1,838$164
41 years$13,453$8,363$5,014$2,922$1,667$138
42 years$12,986$7,964$4,703$2,696$1,513$117
43 years$12,542$7,588$4,413$2,489$1,373$98
44 years$12,119$7,233$4,142$2,298$1,246$83
45 years$11,716$6,898$3,890$2,122$1,131$70
46 years$11,332$6,580$3,653$1,961$1,027$59
47 years$10,965$6,279$3,432$1,811$933$50
48 years$10,615$5,994$3,225$1,674$847$42
49 years$10,279$5,724$3,032$1,547$769$35
50 years$9,959$5,468$2,850$1,430$699$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,200,000, adding $4,240 every year, while hoping to spend $32,094 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: 45/45/10 Blend
73$10,200,000$10,200,000$10,200,000$10,200,000
74$11,244,774$10,704,174$10,546,074$11,718,813
75$12,357,593$11,194,530$10,865,219$12,537,863
76$13,582,844$11,707,839$11,193,981$13,421,827
77$14,931,961$12,245,190$11,532,646$14,379,591
78$16,417,543$12,807,727$11,881,512$15,417,974
79$18,053,475$13,396,647$12,240,885$16,544,457
80$19,855,054$14,013,208$12,611,079$17,767,254
81$21,839,137$14,658,723$12,992,418$19,095,377
82$24,024,302$15,334,573$13,385,237$20,538,726
83$26,431,017$16,042,203$13,789,878$22,108,167
84$29,081,838$16,783,128$14,206,697$23,815,640
85$32,001,621$17,558,937$14,636,057$25,674,257
86$35,217,755$18,371,294$15,078,333$27,698,424
87$38,760,422$19,221,943$15,533,913$29,903,974
88$42,662,880$20,112,713$16,003,194$32,308,302
89$46,961,779$21,045,522$16,486,587$34,930,532
90$51,697,505$22,022,377$16,984,512$37,791,682
91$56,914,563$23,045,386$17,497,405$40,914,862
92$62,661,993$24,116,755$18,025,714$44,325,479
93$68,993,839$25,238,799$18,569,898$48,051,474
94$75,969,654$26,413,943$19,130,432$52,123,572
95$83,655,063$27,644,730$19,707,806$56,575,569
96$92,122,383$28,933,825$20,302,521$61,444,637
97$101,451,306$30,284,023$20,915,096$66,771,668
98$111,729,652$31,698,253$21,546,064$72,601,649
99$123,054,194$33,179,585$22,195,975$78,984,077
100$135,531,575$34,731,238$22,865,393$85,973,414