Can I retire at age 74 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$949,659$941,200$932,947$924,892$917,026$893,046
2 years$470,128$461,373$452,887$444,660$436,679$412,683
3 years$310,306$301,512$293,048$284,898$277,047$253,786
4 years$230,410$221,643$213,264$205,253$197,592$175,245
5 years$182,485$173,771$165,501$157,654$150,207$128,834
6 years$150,546$141,897$133,750$126,077$118,853$98,477
7 years$127,741$119,165$111,147$103,655$96,660$77,281
8 years$110,645$102,146$94,261$86,953$80,188$61,798
9 years$97,355$88,937$81,187$74,065$67,530$50,112
10 years$86,729$78,393$70,781$63,845$57,539$41,072
11 years$78,041$69,789$62,314$55,564$49,486$33,944
12 years$70,806$62,639$55,302$48,737$42,883$28,239
13 years$64,689$56,607$49,409$43,028$37,395$23,619
14 years$59,451$51,454$44,394$38,195$32,780$19,840
15 years$54,914$47,005$40,082$34,063$28,862$16,726
16 years$50,949$43,126$36,340$30,500$25,509$14,142
17 years$47,454$39,717$33,068$27,404$22,618$11,986
18 years$44,351$36,701$30,187$24,697$20,111$10,180
19 years$41,578$34,014$27,635$22,315$17,925$8,661
20 years$39,085$31,607$25,362$20,211$16,011$7,379
21 years$36,832$29,441$23,328$18,343$14,328$6,295
22 years$34,787$27,482$21,500$16,678$12,843$5,375
23 years$32,923$25,703$19,852$15,189$11,529$4,594
24 years$31,216$24,082$18,359$13,853$10,362$3,930
25 years$29,649$22,600$17,005$12,651$9,324$3,363
26 years$28,204$21,240$15,771$11,568$8,399$2,880
27 years$26,869$19,990$14,645$10,588$7,572$2,467
28 years$25,631$18,836$13,614$9,701$6,833$2,115
29 years$24,481$17,770$12,669$8,896$6,170$1,813
30 years$23,409$16,782$11,801$8,164$5,575$1,555
31 years$22,408$15,864$11,002$7,498$5,040$1,334
32 years$21,472$15,011$10,265$6,891$4,559$1,144
33 years$20,595$14,215$9,584$6,337$4,126$982
34 years$19,771$13,473$8,955$5,831$3,736$843
35 years$18,995$12,779$8,372$5,367$3,384$724
36 years$18,265$12,129$7,832$4,943$3,066$621
37 years$17,575$11,520$7,331$4,555$2,779$533
38 years$16,923$10,948$6,865$4,198$2,519$458
39 years$16,307$10,410$6,432$3,871$2,284$393
40 years$15,722$9,905$6,028$3,570$2,072$338
41 years$15,168$9,428$5,653$3,294$1,880$290
42 years$14,641$8,979$5,302$3,040$1,706$249
43 years$14,140$8,555$4,976$2,806$1,548$214
44 years$13,664$8,155$4,670$2,591$1,405$184
45 years$13,209$7,777$4,385$2,393$1,276$158
46 years$12,776$7,419$4,119$2,210$1,158$136
47 years$12,363$7,080$3,870$2,042$1,052$116
48 years$11,967$6,758$3,636$1,887$955$100
49 years$11,590$6,454$3,418$1,744$867$86
50 years$11,228$6,165$3,213$1,612$788$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,500,000, adding $3,124 every year, while hoping to spend $40,812 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: 63/25/12 Blend
73$11,500,000$11,500,000$11,500,000$11,500,000
74$12,676,222$12,066,722$11,888,472$13,439,241
75$13,925,773$12,614,568$12,243,313$14,498,190
76$15,301,411$13,187,890$12,608,672$15,649,016
77$16,815,952$13,787,895$12,984,860$16,904,621
78$18,483,522$14,415,844$13,372,195$18,275,182
79$20,319,682$15,073,061$13,771,005$19,771,891
80$22,341,582$15,760,934$14,181,626$21,407,060
81$24,568,118$16,480,914$14,604,405$23,194,232
82$27,020,114$17,234,527$15,039,701$25,148,307
83$29,720,514$18,023,367$15,487,879$27,285,680
84$32,694,601$18,849,107$15,949,318$29,624,389
85$35,970,237$19,713,500$16,424,407$32,184,286
86$39,578,123$20,618,383$16,913,546$34,987,215
87$43,552,089$21,565,681$17,417,147$38,057,221
88$47,929,415$22,557,413$17,935,635$41,420,768
89$52,751,182$23,595,692$18,469,444$45,106,984
90$58,062,656$24,682,735$19,019,025$49,147,935
91$63,913,724$25,820,865$19,584,839$53,578,919
92$70,359,353$27,012,517$20,167,360$58,438,798
93$77,460,119$28,260,243$20,767,079$63,770,355
94$85,282,773$29,566,716$21,384,498$69,620,698
95$93,900,872$30,934,741$22,020,134$76,041,694
96$103,395,473$32,367,256$22,674,521$83,090,455
97$113,855,900$33,867,340$23,348,206$90,829,870
98$125,380,585$35,438,223$24,041,754$99,329,193
99$138,077,995$37,083,287$24,755,744$108,664,689
100$152,067,663$38,806,080$25,490,773$118,920,349