Can I retire at age 74 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$974,433$965,753$957,285$949,019$940,949$935,019
2 years$482,393$473,408$464,701$456,259$448,071$442,089
3 years$318,401$309,378$300,693$292,330$284,274$278,426
4 years$236,421$227,425$218,827$210,607$202,747$197,077
5 years$187,245$178,304$169,819$161,766$154,125$148,651
6 years$154,473$145,599$137,239$129,366$121,954$116,682
7 years$131,073$122,274$114,046$106,359$99,181$94,114
8 years$113,531$104,811$96,720$89,222$82,280$77,419
9 years$99,894$91,257$83,305$75,997$69,292$64,634
10 years$88,992$80,438$72,627$65,510$59,040$54,584
11 years$80,077$71,610$63,940$57,014$50,777$46,519
12 years$72,653$64,273$56,745$50,009$44,002$39,939
13 years$66,377$58,084$50,698$44,150$38,370$34,498
14 years$61,001$52,797$45,552$39,192$33,635$29,949
15 years$56,347$48,231$41,128$34,952$29,615$26,110
16 years$52,278$44,251$37,288$31,296$26,174$22,845
17 years$48,692$40,753$33,931$28,119$23,208$20,049
18 years$45,508$37,658$30,974$25,341$20,635$17,642
19 years$42,662$34,901$28,356$22,898$18,393$15,559
20 years$40,104$32,432$26,023$20,738$16,429$13,749
21 years$37,793$30,209$23,936$18,821$14,702$12,171
22 years$35,695$28,199$22,061$17,113$13,178$10,789
23 years$33,782$26,374$20,370$15,585$11,829$9,577
24 years$32,031$24,711$18,838$14,214$10,633$8,511
25 years$30,422$23,190$17,448$12,981$9,568$7,572
26 years$28,940$21,795$16,182$11,870$8,618$6,742
27 years$27,570$20,511$15,027$10,864$7,770$6,008
28 years$26,300$19,328$13,969$9,954$7,011$5,357
29 years$25,119$18,233$13,000$9,128$6,331$4,780
30 years$24,020$17,219$12,109$8,377$5,720$4,268
31 years$22,993$16,278$11,289$7,694$5,172$3,812
32 years$22,033$15,402$10,532$7,071$4,678$3,406
33 years$21,132$14,586$9,834$6,502$4,234$3,045
34 years$20,286$13,825$9,188$5,983$3,833$2,723
35 years$19,491$13,112$8,591$5,507$3,472$2,436
36 years$18,741$12,446$8,036$5,072$3,146$2,179
37 years$18,034$11,820$7,522$4,673$2,851$1,951
38 years$17,365$11,234$7,044$4,308$2,585$1,746
39 years$16,732$10,682$6,599$3,972$2,344$1,563
40 years$16,132$10,163$6,186$3,663$2,126$1,400
41 years$15,564$9,674$5,800$3,380$1,929$1,254
42 years$15,023$9,213$5,441$3,119$1,750$1,123
43 years$14,509$8,779$5,105$2,879$1,588$1,006
44 years$14,020$8,368$4,792$2,659$1,442$902
45 years$13,554$7,979$4,500$2,455$1,309$808
46 years$13,109$7,612$4,226$2,268$1,188$724
47 years$12,685$7,264$3,971$2,095$1,079$649
48 years$12,280$6,935$3,731$1,936$980$582
49 years$11,892$6,622$3,507$1,789$890$521
50 years$11,521$6,326$3,297$1,654$808$467

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,800,000, adding $4,810 every year, while hoping to spend $57,736 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: 41/34/25 Blend
73$11,800,000$11,800,000$11,800,000$11,800,000
74$13,008,562$12,383,162$12,200,262$13,446,018
75$14,274,004$12,928,506$12,547,540$14,306,439
76$15,666,587$13,498,637$12,904,516$15,231,342
77$17,199,217$14,094,708$13,271,456$16,231,351
78$18,886,116$14,717,928$13,648,629$17,313,393
79$20,742,956$15,369,562$14,036,314$18,485,072
80$22,787,002$16,050,936$14,434,795$19,754,736
81$25,037,282$16,763,437$14,844,366$21,131,552
82$27,514,759$17,508,520$15,265,327$22,625,589
83$30,242,535$18,287,708$15,697,986$24,247,906
84$33,246,064$19,102,596$16,142,658$26,010,657
85$36,553,394$19,954,855$16,599,670$27,927,193
86$40,195,434$20,846,236$17,069,352$30,012,190
87$44,206,240$21,778,574$17,552,047$32,281,778
88$48,623,340$22,753,788$18,048,105$34,753,689
89$53,488,089$23,773,891$18,557,884$37,447,418
90$58,846,055$24,840,993$19,081,754$40,384,401
91$64,747,452$25,957,301$19,620,093$43,588,212
92$71,247,614$27,125,130$20,173,287$47,084,777
93$78,407,513$28,346,904$20,741,735$50,902,613
94$86,294,341$29,625,164$21,325,844$55,073,088
95$94,982,136$30,962,570$21,926,032$59,630,714
96$104,552,488$32,361,910$22,542,729$64,613,459
97$115,095,305$33,826,107$23,176,374$70,063,101
98$126,709,661$35,358,221$23,827,417$76,025,612
99$139,504,732$36,961,459$24,496,321$82,551,584
100$153,600,827$38,639,183$25,183,560$89,696,697