Can I retire at age 74 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$982,691$973,938$965,398$957,062$948,923$924,857
2 years$486,481$477,420$468,640$460,126$451,868$427,778
3 years$321,099$311,999$303,241$294,807$286,684$263,324
4 years$238,424$229,353$220,682$212,392$204,465$182,014
5 years$188,832$179,815$171,258$163,137$155,431$133,952
6 years$155,782$146,833$138,402$130,462$122,987$102,501
7 years$132,184$123,310$115,013$107,260$100,022$80,530
8 years$114,493$105,699$97,540$89,978$82,978$64,472
9 years$100,741$92,030$84,011$76,641$69,879$52,343
10 years$89,746$81,120$73,243$66,065$59,541$42,954
11 years$80,756$72,217$64,482$57,497$51,207$35,545
12 years$73,269$64,818$57,226$50,432$44,375$29,610
13 years$66,939$58,576$51,128$44,524$38,696$24,799
14 years$61,518$53,244$45,938$39,524$33,920$20,860
15 years$56,825$48,640$41,476$35,248$29,866$17,610
16 years$52,721$44,626$37,604$31,561$26,396$14,911
17 years$49,105$41,099$34,218$28,357$23,404$12,656
18 years$45,894$37,977$31,237$25,556$20,810$10,765
19 years$43,024$35,197$28,596$23,092$18,548$9,172
20 years$40,444$32,707$26,244$20,914$16,568$7,827
21 years$38,113$30,465$24,139$18,981$14,826$6,687
22 years$35,997$28,438$22,248$17,258$13,290$5,719
23 years$34,068$26,597$20,542$15,717$11,930$4,896
24 years$32,302$24,920$18,998$14,335$10,723$4,194
25 years$30,680$23,386$17,596$13,091$9,649$3,595
26 years$29,185$21,979$16,319$11,970$8,691$3,084
27 years$27,803$20,685$15,154$10,957$7,836$2,646
28 years$26,523$19,491$14,088$10,039$7,070$2,272
29 years$25,332$18,388$13,110$9,206$6,384$1,951
30 years$24,223$17,365$12,211$8,448$5,769$1,676
31 years$23,188$16,416$11,384$7,759$5,215$1,440
32 years$22,219$15,533$10,622$7,131$4,718$1,238
33 years$21,311$14,710$9,917$6,557$4,270$1,064
34 years$20,458$13,942$9,266$6,033$3,866$915
35 years$19,656$13,223$8,663$5,554$3,501$786
36 years$18,900$12,551$8,104$5,115$3,172$676
37 years$18,186$11,921$7,586$4,713$2,875$582
38 years$17,512$11,329$7,104$4,344$2,607$500
39 years$16,874$10,773$6,655$4,005$2,364$430
40 years$16,269$10,249$6,238$3,694$2,144$370
41 years$15,695$9,756$5,849$3,409$1,945$318
42 years$15,150$9,292$5,487$3,146$1,765$274
43 years$14,632$8,853$5,149$2,904$1,602$236
44 years$14,139$8,439$4,833$2,681$1,454$203
45 years$13,669$8,047$4,538$2,476$1,320$175
46 years$13,221$7,677$4,262$2,287$1,198$150
47 years$12,793$7,326$4,004$2,113$1,088$129
48 years$12,384$6,994$3,763$1,953$988$111
49 years$11,993$6,678$3,537$1,805$898$96
50 years$11,619$6,379$3,325$1,668$815$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $11,900,000, adding $6,790 every year, while hoping to spend $39,102 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: 57/36/7 Blend
73$11,900,000$11,900,000$11,900,000$11,900,000
74$13,120,804$12,490,104$12,305,654$13,848,170
75$14,417,522$13,060,515$12,676,289$14,908,711
76$15,845,194$13,657,565$13,058,030$16,058,679
77$17,417,137$14,282,519$13,451,207$17,310,637
78$19,148,024$14,936,702$13,856,162$18,674,327
79$21,054,024$15,621,501$14,273,244$20,160,455
80$23,152,951$16,338,372$14,702,815$21,780,788
81$25,464,439$17,088,838$15,145,246$23,548,259
82$28,010,120$17,874,500$15,600,920$25,477,090
83$30,813,832$18,697,030$16,070,230$27,582,913
84$33,901,843$19,558,185$16,553,583$29,882,922
85$37,303,099$20,459,804$17,051,396$32,396,024
86$41,049,495$21,403,815$17,564,099$35,143,013
87$45,176,181$22,392,239$18,092,133$38,146,763
88$49,721,888$23,427,195$18,635,956$41,432,435
89$54,729,295$24,510,902$19,196,035$45,027,711
90$60,245,434$25,645,688$19,772,854$48,963,047
91$66,322,133$26,833,991$20,366,909$53,271,956
92$73,016,503$28,078,369$20,978,712$57,991,313
93$80,391,478$29,381,500$21,608,791$63,161,701
94$88,516,411$30,746,195$22,257,687$68,827,783
95$97,467,723$32,175,398$22,925,959$75,038,715
96$107,329,633$33,672,195$23,614,180$81,848,606
97$118,194,944$35,239,821$24,322,944$89,317,012
98$130,165,924$36,881,668$25,052,858$97,509,499
99$143,355,270$38,601,290$25,804,550$106,498,243
100$157,887,170$40,402,416$26,578,665$116,362,706