Can I retire at age 74 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$957,917$949,385$941,060$932,934$925,000$904,476
2 years$474,216$465,385$456,825$448,526$440,476$419,905
3 years$313,004$304,134$295,596$287,375$279,456$259,481
4 years$232,413$223,571$215,118$207,038$199,311$180,084
5 years$184,072$175,282$166,941$159,025$151,513$133,090
6 years$151,855$143,131$134,913$127,173$119,887$102,287
7 years$128,851$120,201$112,113$104,556$97,500$80,726
8 years$111,607$103,035$95,081$87,710$80,886$64,931
9 years$98,201$89,710$81,893$74,709$68,118$52,971
10 years$87,483$79,075$71,396$64,400$58,040$43,685
11 years$78,720$70,396$62,856$56,047$49,916$36,335
12 years$71,422$63,184$55,783$49,161$43,256$30,427
13 years$65,252$57,100$49,839$43,402$37,720$25,619
14 years$59,968$51,902$44,780$38,527$33,065$21,669
15 years$55,392$47,413$40,431$34,360$29,113$18,395
16 years$51,392$43,501$36,656$30,765$25,730$15,664
17 years$47,867$40,063$33,356$27,642$22,814$13,373
18 years$44,737$37,020$30,449$24,911$20,285$11,442
19 years$41,939$34,309$27,875$22,509$18,081$9,807
20 years$39,425$31,882$25,582$20,387$16,150$8,420
21 years$37,153$29,697$23,531$18,502$14,453$7,238
22 years$35,090$27,721$21,687$16,823$12,955$6,229
23 years$33,209$25,927$20,024$15,321$11,629$5,365
24 years$31,488$24,292$18,519$13,973$10,452$4,626
25 years$29,907$22,797$17,152$12,761$9,405$3,991
26 years$28,449$21,425$15,908$11,668$8,472$3,445
27 years$27,102$20,164$14,772$10,680$7,638$2,975
28 years$25,854$19,000$13,732$9,785$6,892$2,571
29 years$24,694$17,924$12,779$8,973$6,223$2,222
30 years$23,613$16,928$11,903$8,235$5,623$1,922
31 years$22,603$16,002$11,097$7,564$5,084$1,662
32 years$21,659$15,141$10,354$6,951$4,599$1,438
33 years$20,774$14,339$9,667$6,392$4,162$1,244
34 years$19,943$13,590$9,033$5,881$3,768$1,077
35 years$19,160$12,890$8,445$5,414$3,413$932
36 years$18,423$12,235$7,900$4,986$3,092$807
37 years$17,728$11,620$7,394$4,594$2,803$699
38 years$17,071$11,043$6,924$4,235$2,541$605
39 years$16,449$10,501$6,487$3,904$2,304$524
40 years$15,859$9,991$6,081$3,601$2,090$454
41 years$15,300$9,510$5,702$3,323$1,896$393
42 years$14,768$9,057$5,348$3,066$1,720$341
43 years$14,263$8,630$5,019$2,831$1,561$295
44 years$13,782$8,226$4,711$2,614$1,417$256
45 years$13,324$7,844$4,423$2,414$1,287$221
46 years$12,887$7,483$4,155$2,230$1,168$192
47 years$12,470$7,141$3,903$2,060$1,061$166
48 years$12,072$6,817$3,668$1,903$963$144
49 years$11,690$6,510$3,448$1,759$875$125
50 years$11,326$6,219$3,241$1,626$795$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,600,000, adding $6,202 every year, while hoping to spend $34,823 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: 38/36/26 Blend
73$11,600,000$11,600,000$11,600,000$11,600,000
74$12,789,597$12,174,797$11,994,997$13,176,221
75$14,057,085$12,734,311$12,359,778$14,019,139
76$15,452,689$13,320,074$12,735,612$14,925,836
77$16,989,441$13,933,335$13,122,833$15,905,086
78$18,681,700$14,575,404$13,521,784$16,963,490
79$20,545,288$15,247,654$13,932,818$18,108,287
80$22,597,641$15,951,522$14,356,301$19,347,420
81$24,857,971$16,688,518$14,792,608$20,689,603
82$27,347,449$17,460,220$15,242,125$22,144,404
83$30,089,403$18,268,286$15,705,251$23,722,324
84$33,109,542$19,114,451$16,182,396$25,434,894
85$36,436,191$20,000,535$16,673,983$27,294,777
86$40,100,567$20,928,446$17,180,446$29,315,882
87$44,137,068$21,900,182$17,702,234$31,513,491
88$48,583,598$22,917,841$18,239,808$33,904,390
89$53,481,928$23,983,618$18,793,644$36,507,030
90$58,878,086$25,099,816$19,364,233$39,341,686
91$64,822,794$26,268,850$19,952,077$42,430,647
92$71,371,944$27,493,250$20,557,698$45,798,412
93$78,587,131$28,775,667$21,181,629$49,471,921
94$86,536,227$30,118,884$21,824,422$53,480,795
95$95,294,027$31,525,814$22,486,645$57,857,607
96$104,942,952$32,999,513$23,168,882$62,638,184
97$115,573,829$34,543,185$23,871,736$67,861,932
98$127,286,747$36,160,188$24,595,826$73,572,199
99$140,192,000$37,854,042$25,341,791$79,816,673
100$154,411,132$39,628,439$26,110,289$86,647,823