Can I retire at age 74 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$900,112$892,094$884,272$876,637$869,181$861,539
2 years$445,600$437,301$429,258$421,460$413,896$406,195
3 years$294,116$285,781$277,758$270,033$262,593$255,071
4 years$218,389$210,079$202,137$194,544$187,283$180,000
5 years$172,964$164,705$156,867$149,428$142,370$135,345
6 years$142,691$134,494$126,772$119,499$112,652$105,896
7 years$121,076$112,948$105,348$98,247$91,616$85,131
8 years$104,872$96,817$89,343$82,417$76,005$69,790
9 years$92,275$84,297$76,951$70,201$64,007$58,062
10 years$82,204$74,303$67,088$60,514$54,537$48,857
11 years$73,969$66,148$59,063$52,665$46,904$41,485
12 years$67,112$59,371$52,417$46,194$40,646$35,483
13 years$61,314$53,654$46,831$40,783$35,444$30,531
14 years$56,349$48,770$42,078$36,202$31,070$26,401
15 years$52,049$44,552$37,991$32,286$27,356$22,925
16 years$48,291$40,876$34,444$28,909$24,178$19,976
17 years$44,978$37,645$31,343$25,974$21,438$17,459
18 years$42,037$34,786$28,612$23,408$19,061$15,298
19 years$39,408$32,239$26,193$21,151$16,990$13,434
20 years$37,046$29,958$24,039$19,156$15,176$11,819
21 years$34,911$27,905$22,111$17,386$13,580$10,416
22 years$32,972$26,048$20,379$15,808$12,173$9,193
23 years$31,205$24,362$18,816$14,396$10,927$8,123
24 years$29,588$22,826$17,402$13,130$9,822$7,186
25 years$28,102$21,421$16,117$11,991$8,838$6,363
26 years$26,733$20,132$14,948$10,964$7,961$5,639
27 years$25,467$18,947$13,881$10,036$7,177$5,001
28 years$24,294$17,853$12,904$9,195$6,476$4,438
29 years$23,203$16,843$12,008$8,432$5,848$3,941
30 years$22,188$15,906$11,185$7,738$5,284$3,501
31 years$21,239$15,037$10,428$7,107$4,777$3,112
32 years$20,352$14,228$9,729$6,532$4,321$2,767
33 years$19,520$13,474$9,084$6,006$3,911$2,462
34 years$18,739$12,770$8,488$5,526$3,541$2,190
35 years$18,004$12,112$7,935$5,087$3,207$1,949
36 years$17,312$11,496$7,423$4,685$2,906$1,736
37 years$16,658$10,919$6,948$4,317$2,634$1,545
38 years$16,041$10,377$6,507$3,979$2,388$1,376
39 years$15,456$9,867$6,096$3,669$2,165$1,226
40 years$14,902$9,388$5,714$3,384$1,964$1,092
41 years$14,376$8,936$5,358$3,122$1,782$973
42 years$13,877$8,511$5,026$2,881$1,617$867
43 years$13,403$8,109$4,716$2,660$1,467$773
44 years$12,951$7,730$4,427$2,456$1,332$689
45 years$12,520$7,371$4,157$2,268$1,209$614
46 years$12,110$7,032$3,904$2,095$1,098$548
47 years$11,718$6,710$3,668$1,936$997$488
48 years$11,343$6,406$3,447$1,789$905$435
49 years$10,985$6,117$3,240$1,653$822$388
50 years$10,642$5,843$3,046$1,528$747$346

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $10,900,000, adding $3,876 every year, while hoping to spend $48,519 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: 86/8/6 Blend
73$10,900,000$10,900,000$10,900,000$10,900,000
74$12,015,798$11,438,098$11,269,148$13,045,923
75$13,189,786$11,946,941$11,595,041$14,226,654
76$14,481,894$12,479,091$11,930,225$15,516,806
77$15,904,120$13,035,639$12,274,960$16,932,917
78$17,469,682$13,617,728$12,629,513$18,487,629
79$19,193,148$14,226,554$12,994,160$20,194,863
80$21,090,565$14,863,372$13,369,181$22,069,953
81$23,179,621$15,529,495$13,754,866$24,129,788
82$25,479,801$16,226,300$14,151,513$26,392,971
83$28,012,580$16,955,227$14,559,428$28,879,991
84$30,801,617$17,717,788$14,978,923$31,613,420
85$33,872,987$18,515,564$15,410,322$34,618,120
86$37,255,419$19,350,215$15,853,955$37,921,480
87$40,980,572$20,223,475$16,310,163$41,553,670
88$45,083,332$21,137,166$16,779,294$45,547,925
89$49,602,138$22,093,194$17,261,708$49,940,861
90$54,579,353$23,093,558$17,757,772$54,772,814
91$60,061,655$24,140,349$18,267,864$60,088,221
92$66,100,480$25,235,763$18,792,374$65,936,038
93$72,752,510$26,382,097$19,331,700$72,370,202
94$80,080,206$27,581,759$19,886,251$79,450,135
95$88,152,395$28,837,273$20,456,449$87,241,306
96$97,044,923$30,151,284$21,042,724$95,815,843
97$106,841,371$31,526,562$21,645,521$105,253,217
98$117,633,839$32,966,012$22,265,294$115,640,986
99$129,523,820$34,472,676$22,902,510$127,075,623
100$142,623,155$36,049,743$23,557,651$139,663,419