Can I retire at age 74 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$858,822$851,172$843,709$836,424$829,311$819,968
2 years$425,160$417,241$409,567$402,127$394,910$385,504
3 years$280,624$272,672$265,017$257,647$250,547$241,371
4 years$208,371$200,443$192,865$185,620$178,692$169,816
5 years$165,030$157,149$149,671$142,574$135,839$127,289
6 years$136,145$128,324$120,956$114,017$107,485$99,271
7 years$115,522$107,767$100,515$93,740$87,414$79,540
8 years$100,061$92,376$85,245$78,636$72,518$64,983
9 years$88,043$80,430$73,421$66,981$61,071$53,872
10 years$78,433$70,895$64,010$57,738$52,035$45,168
11 years$70,576$63,114$56,354$50,249$44,752$38,211
12 years$64,033$56,647$50,013$44,075$38,781$32,558
13 years$58,502$51,193$44,683$38,912$33,818$27,906
14 years$53,764$46,533$40,148$34,542$29,645$24,036
15 years$49,662$42,508$36,248$30,805$26,102$20,787
16 years$46,076$39,001$32,864$27,583$23,069$18,038
17 years$42,915$35,918$29,905$24,783$20,454$15,699
18 years$40,109$33,190$27,299$22,334$18,187$13,697
19 years$37,601$30,760$24,991$20,181$16,210$11,976
20 years$35,346$28,584$22,936$18,278$14,479$10,491
21 years$33,309$26,625$21,097$16,588$12,957$9,204
22 years$31,460$24,853$19,444$15,082$11,615$8,086
23 years$29,774$23,245$17,953$13,736$10,426$7,113
24 years$28,230$21,779$16,603$12,528$9,371$6,263
25 years$26,813$20,438$15,378$11,441$8,432$5,520
26 years$25,506$19,209$14,262$10,461$7,596$4,869
27 years$24,299$18,078$13,244$9,575$6,848$4,298
28 years$23,179$17,034$12,312$8,773$6,179$3,796
29 years$22,139$16,070$11,457$8,045$5,580$3,354
30 years$21,170$15,176$10,672$7,383$5,042$2,965
31 years$20,265$14,347$9,949$6,781$4,558$2,623
32 years$19,418$13,575$9,283$6,232$4,123$2,321
33 years$18,625$12,856$8,667$5,731$3,731$2,054
34 years$17,880$12,184$8,098$5,273$3,378$1,818
35 years$17,178$11,557$7,571$4,854$3,060$1,610
36 years$16,518$10,969$7,083$4,470$2,772$1,426
37 years$15,894$10,418$6,629$4,119$2,513$1,264
38 years$15,305$9,901$6,208$3,796$2,278$1,120
39 years$14,747$9,415$5,816$3,501$2,066$992
40 years$14,218$8,957$5,452$3,229$1,874$880
41 years$13,717$8,527$5,112$2,979$1,700$780
42 years$13,241$8,120$4,795$2,749$1,543$691
43 years$12,788$7,737$4,500$2,538$1,400$613
44 years$12,357$7,375$4,224$2,343$1,271$544
45 years$11,946$7,033$3,966$2,164$1,154$482
46 years$11,554$6,709$3,725$1,999$1,047$427
47 years$11,180$6,402$3,499$1,847$951$379
48 years$10,823$6,112$3,288$1,707$864$336
49 years$10,481$5,837$3,091$1,577$784$298
50 years$10,154$5,575$2,906$1,458$713$265

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,400,000, adding $5,804 every year, while hoping to spend $26,075 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: 75/17/8 Blend
73$10,400,000$10,400,000$10,400,000$10,400,000
74$11,466,787$10,915,587$10,754,387$12,312,525
75$12,608,655$11,422,707$11,086,915$13,377,159
76$13,866,121$11,953,802$11,429,709$14,539,583
77$15,250,946$12,510,019$11,783,086$15,812,628
78$16,776,094$13,092,562$12,147,370$17,207,247
79$18,455,847$13,702,689$12,522,899$18,735,500
80$20,305,947$14,341,724$12,910,019$20,410,660
81$22,343,735$15,011,050$13,309,087$22,247,338
82$24,588,326$15,712,121$13,720,471$24,261,619
83$27,060,779$16,446,459$14,144,550$26,471,214
84$29,784,302$17,215,659$14,581,716$28,895,620
85$32,784,469$18,021,395$15,032,372$31,556,306
86$36,089,462$18,865,420$15,496,933$34,476,912
87$39,730,334$19,749,573$15,975,828$37,683,466
88$43,741,308$20,675,781$16,469,498$41,204,634
89$48,160,093$21,646,066$16,978,397$45,071,981
90$53,028,245$22,662,546$17,502,996$49,320,270
91$58,391,556$23,727,441$18,043,777$53,987,783
92$64,300,491$24,843,081$18,601,239$59,116,686
93$70,810,655$26,011,907$19,175,896$64,753,416
94$77,983,330$27,236,478$19,768,276$70,949,121
95$85,886,042$28,519,478$20,378,925$77,760,136
96$94,593,205$29,863,719$21,008,406$85,248,513
97$104,186,823$31,272,153$21,657,299$93,482,601
98$114,757,261$32,747,870$22,326,200$102,537,689
99$126,404,100$34,294,114$23,015,726$112,496,709
100$139,237,077$35,914,284$23,726,512$123,451,018