Can I retire at age 74 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,001,452
2 years$531,449$521,552$511,959$502,659$493,637$458,540
3 years$350,780$340,840$331,272$322,058$313,184$279,278
4 years$260,463$250,553$241,081$232,025$223,365$190,911
5 years$206,287$196,437$187,089$178,217$169,799$138,881
6 years$170,182$160,405$151,195$142,522$134,356$105,000
7 years$144,402$134,708$125,644$117,175$109,267$81,468
8 years$125,077$115,470$106,556$98,295$90,648$64,384
9 years$110,053$100,537$91,777$83,726$76,339$51,578
10 years$98,042$88,619$80,013$72,172$65,044$41,746
11 years$88,220$78,892$70,442$62,812$55,940$34,059
12 years$80,042$70,809$62,516$55,094$48,477$27,963
13 years$73,127$63,991$55,854$48,640$42,273$23,073
14 years$67,205$58,166$50,185$43,177$37,056$19,116
15 years$62,077$53,136$45,310$38,506$32,627$15,889
16 years$57,595$48,751$41,080$34,478$28,836$13,242
17 years$53,644$44,898$37,381$30,978$25,568$11,061
18 years$50,136$41,488$34,124$27,918$22,734$9,256
19 years$47,001$38,450$31,239$25,226$20,263$7,757
20 years$44,183$35,730$28,670$22,847$18,099$6,509
21 years$41,637$33,281$26,371$20,735$16,197$5,467
22 years$39,325$31,067$24,305$18,853$14,518$4,596
23 years$37,217$29,056$22,441$17,170$13,032$3,867
24 years$35,288$27,224$20,754$15,660$11,714$3,255
25 years$33,516$25,548$19,223$14,302$10,541$2,742
26 years$31,883$24,011$17,828$13,077$9,495$2,311
27 years$30,373$22,597$16,555$11,969$8,560$1,948
28 years$28,974$21,293$15,390$10,966$7,724$1,642
29 years$27,674$20,088$14,322$10,056$6,975$1,385
30 years$26,462$18,971$13,340$9,229$6,302$1,169
31 years$25,331$17,934$12,436$8,476$5,698$986
32 years$24,273$16,969$11,603$7,790$5,154$832
33 years$23,281$16,070$10,834$7,164$4,664$702
34 years$22,349$15,230$10,123$6,591$4,223$593
35 years$21,473$14,446$9,464$6,067$3,825$500
36 years$20,647$13,711$8,853$5,588$3,466$422
37 years$19,868$13,022$8,287$5,149$3,141$357
38 years$19,131$12,376$7,760$4,746$2,848$301
39 years$18,434$11,768$7,270$4,376$2,582$254
40 years$17,773$11,197$6,815$4,036$2,342$215
41 years$17,146$10,658$6,390$3,724$2,125$181
42 years$16,551$10,150$5,994$3,436$1,928$153
43 years$15,985$9,671$5,624$3,172$1,750$129
44 years$15,446$9,219$5,280$2,929$1,588$109
45 years$14,932$8,791$4,957$2,705$1,442$92
46 years$14,443$8,386$4,656$2,499$1,309$78
47 years$13,975$8,003$4,374$2,309$1,189$66
48 years$13,528$7,640$4,111$2,133$1,080$56
49 years$13,101$7,296$3,864$1,971$981$47
50 years$12,693$6,969$3,632$1,822$891$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $13,000,000, adding $3,383 every year, while hoping to spend $57,844 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: 42/30/28 Blend
73$13,000,000$13,000,000$13,000,000$13,000,000
74$14,329,490$13,640,490$13,438,990$14,813,664
75$15,729,552$14,247,328$13,827,650$15,769,464
76$17,270,482$14,881,963$14,227,392$16,798,195
77$18,966,587$15,545,695$14,638,526$17,911,204
78$20,833,632$16,239,887$15,061,370$19,116,310
79$22,888,988$16,965,967$15,496,251$20,422,097
80$25,151,796$17,725,430$15,943,506$21,837,991
81$27,643,146$18,519,843$16,403,481$23,374,349
82$30,386,279$19,350,847$16,876,529$25,042,544
83$33,406,802$20,220,162$17,363,016$26,855,077
84$36,732,934$21,129,588$17,863,315$28,825,683
85$40,395,769$22,081,013$18,377,811$30,969,460
86$44,429,569$23,076,415$18,906,900$33,303,001
87$48,872,090$24,117,864$19,450,986$35,844,552
88$53,764,935$25,207,532$20,010,486$38,614,171
89$59,153,949$26,347,691$20,585,828$41,633,917
90$65,089,650$27,540,726$21,177,451$44,928,049
91$71,627,705$28,789,133$21,785,807$48,523,249
92$78,829,458$30,095,527$22,411,358$52,448,865
93$86,762,504$31,462,649$23,054,580$56,737,185
94$95,501,334$32,893,373$23,715,963$61,423,732
95$105,128,029$34,390,707$24,396,006$66,547,587
96$115,733,042$35,957,806$25,095,227$72,151,759
97$127,416,048$37,597,975$25,814,153$78,283,574
98$140,286,885$39,314,675$26,553,327$84,995,117
99$154,466,591$41,111,538$27,313,307$92,343,713
100$170,088,546$42,992,366$28,094,666$100,392,458