Can I retire at age 74 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$867,080$859,357$851,821$844,466$837,285$819,041
2 years$429,248$421,253$413,506$405,993$398,707$380,418
3 years$283,323$275,294$267,565$260,124$252,956$235,194
4 years$210,374$202,370$194,719$187,405$180,410$163,311
5 years$166,617$158,661$151,110$143,945$137,145$120,757
6 years$137,455$129,558$122,119$115,114$108,518$92,859
7 years$116,633$108,803$101,482$94,641$88,254$73,326
8 years$101,023$93,264$86,065$79,392$73,216$59,014
9 years$88,889$81,203$74,127$67,625$61,658$48,173
10 years$79,187$71,577$64,626$58,293$52,536$39,752
11 years$71,255$63,720$56,896$50,732$45,183$33,085
12 years$64,649$57,192$50,493$44,499$39,154$27,723
13 years$59,064$51,685$45,113$39,286$34,143$23,359
14 years$54,281$46,980$40,534$34,874$29,930$19,770
15 years$50,139$42,917$36,597$31,101$26,353$16,795
16 years$46,519$39,376$33,180$27,848$23,290$14,312
17 years$43,328$36,264$30,193$25,021$20,651$12,227
18 years$40,494$33,509$27,562$22,549$18,362$10,469
19 years$37,962$31,056$25,232$20,375$16,366$8,980
20 years$35,686$28,859$23,156$18,453$14,619$7,715
21 years$33,630$26,881$21,299$16,748$13,082$6,637
22 years$31,762$25,092$19,631$15,227$11,726$5,716
23 years$30,060$23,468$18,125$13,868$10,526$4,928
24 years$28,502$21,988$16,763$12,648$9,461$4,252
25 years$27,071$20,635$15,526$11,551$8,514$3,671
26 years$25,752$19,393$14,399$10,562$7,669$3,172
27 years$24,532$18,251$13,371$9,668$6,914$2,742
28 years$23,402$17,198$12,430$8,858$6,239$2,371
29 years$22,352$16,225$11,567$8,123$5,633$2,051
30 years$21,373$15,322$10,775$7,454$5,090$1,775
31 years$20,460$14,485$10,045$6,846$4,602$1,537
32 years$19,605$13,706$9,372$6,292$4,163$1,331
33 years$18,804$12,979$8,751$5,786$3,767$1,152
34 years$18,051$12,301$8,176$5,324$3,411$998
35 years$17,344$11,668$7,644$4,901$3,089$865
36 years$16,676$11,074$7,151$4,513$2,799$749
37 years$16,047$10,518$6,693$4,158$2,537$649
38 years$15,452$9,996$6,268$3,833$2,300$563
39 years$14,889$9,505$5,872$3,534$2,086$488
40 years$14,355$9,043$5,504$3,260$1,892$423
41 years$13,849$8,608$5,161$3,008$1,716$367
42 years$13,368$8,198$4,841$2,776$1,557$318
43 years$12,911$7,811$4,543$2,562$1,413$276
44 years$12,475$7,446$4,264$2,366$1,283$239
45 years$12,061$7,100$4,004$2,185$1,165$207
46 years$11,665$6,773$3,761$2,018$1,057$180
47 years$11,288$6,464$3,533$1,865$960$156
48 years$10,927$6,171$3,320$1,723$872$135
49 years$10,582$5,893$3,121$1,592$792$117
50 years$10,252$5,629$2,934$1,472$719$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,500,000, adding $3,633 every year, while hoping to spend $23,991 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: 49/35/16 Blend
73$10,500,000$10,500,000$10,500,000$10,500,000
74$11,574,747$11,018,247$10,855,497$12,090,275
75$12,729,845$11,532,615$11,193,630$12,960,891
76$14,001,959$12,071,383$11,542,287$13,903,328
77$15,402,999$12,635,721$11,901,794$14,926,566
78$16,946,090$13,226,856$12,272,488$16,038,200
79$18,645,694$13,846,075$12,654,719$17,246,567
80$20,517,746$14,494,724$13,048,844$18,560,828
81$22,579,810$15,174,219$13,455,233$19,991,046
82$24,851,235$15,886,040$13,874,268$21,548,277
83$27,353,346$16,631,741$14,306,342$23,244,672
84$30,109,642$17,412,952$14,751,859$25,093,583
85$33,146,018$18,231,378$15,211,238$27,109,691
86$36,491,007$19,088,811$15,684,910$29,309,131
87$40,176,054$19,987,128$16,173,319$31,709,645
88$44,235,810$20,928,295$16,676,924$34,330,741
89$48,708,457$21,914,376$17,196,195$37,193,875
90$53,636,073$22,947,534$17,731,621$40,322,641
91$59,065,025$24,030,036$18,283,703$43,742,993
92$65,046,410$25,164,260$18,852,959$47,483,479
93$71,636,534$26,352,698$19,439,924$51,575,508
94$78,897,445$27,597,965$20,045,146$56,053,636
95$86,897,520$28,902,801$20,669,193$60,955,885
96$95,712,107$30,270,078$21,312,651$66,324,092
97$105,424,240$31,702,810$21,976,123$72,204,300
98$116,125,419$33,204,154$22,660,230$78,647,181
99$127,916,478$34,777,424$23,365,614$85,708,504
100$140,908,532$36,426,091$24,092,935$93,449,654