Can I retire at age 74 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,062,246
2 years$547,802$537,599$527,712$518,125$508,826$502,482
3 years$361,573$351,327$341,464$331,968$322,820$316,616
4 years$268,478$258,263$248,499$239,164$230,238$224,222
5 years$212,635$202,481$192,845$183,701$175,023$169,214
6 years$175,418$165,341$155,848$146,907$138,490$132,894
7 years$148,845$138,853$129,510$120,780$112,629$107,250
8 years$128,925$119,023$109,835$101,320$93,437$88,274
9 years$113,439$103,631$94,601$86,302$78,687$73,740
10 years$101,058$91,345$82,475$74,393$67,046$62,311
11 years$90,935$81,319$72,610$64,744$57,661$53,136
12 years$82,505$72,988$64,439$56,789$49,968$45,649
13 years$75,377$65,960$57,572$50,137$43,573$39,455
14 years$69,273$59,956$51,729$44,506$38,196$34,275
15 years$63,987$54,771$46,704$39,691$33,631$29,901
16 years$59,367$50,251$42,344$35,539$29,723$26,180
17 years$55,295$46,279$38,532$31,932$26,354$22,992
18 years$51,679$42,764$35,174$28,777$23,433$20,246
19 years$48,447$39,633$32,200$26,002$20,887$17,868
20 years$45,542$36,829$29,552$23,550$18,656$15,801
21 years$42,918$34,305$27,182$21,373$16,695$13,997
22 years$40,535$32,022$25,053$19,433$14,965$12,418
23 years$38,362$29,950$23,132$17,698$13,433$11,031
24 years$36,374$28,061$21,393$16,142$12,074$9,811
25 years$34,547$26,334$19,814$14,742$10,865$8,735
26 years$32,864$24,750$18,376$13,479$9,787$7,783
27 years$31,308$23,292$17,064$12,338$8,824$6,941
28 years$29,866$21,948$15,863$11,304$7,962$6,195
29 years$28,525$20,706$14,762$10,366$7,189$5,532
30 years$27,277$19,554$13,750$9,513$6,496$4,943
31 years$26,111$18,485$12,819$8,737$5,873$4,418
32 years$25,020$17,491$11,960$8,030$5,312$3,951
33 years$23,997$16,564$11,168$7,384$4,808$3,535
34 years$23,037$15,699$10,434$6,794$4,353$3,164
35 years$22,134$14,890$9,755$6,254$3,943$2,833
36 years$21,282$14,133$9,126$5,760$3,572$2,537
37 years$20,479$13,423$8,542$5,307$3,238$2,272
38 years$19,720$12,757$7,999$4,892$2,935$2,036
39 years$19,001$12,130$7,494$4,510$2,662$1,824
40 years$18,320$11,541$7,024$4,160$2,414$1,635
41 years$17,674$10,986$6,586$3,838$2,190$1,466
42 years$17,060$10,463$6,178$3,542$1,987$1,314
43 years$16,477$9,969$5,798$3,270$1,804$1,178
44 years$15,921$9,502$5,442$3,019$1,637$1,057
45 years$15,392$9,061$5,110$2,788$1,486$948
46 years$14,887$8,644$4,799$2,576$1,350$850
47 years$14,405$8,249$4,509$2,380$1,225$763
48 years$13,945$7,875$4,237$2,199$1,113$684
49 years$13,504$7,520$3,983$2,032$1,011$614
50 years$13,083$7,184$3,744$1,878$918$551

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $13,400,000, adding $4,451 every year, while hoping to spend $45,407 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: 53/17/30 Blend
73$13,400,000$13,400,000$13,400,000$13,400,000
74$14,771,391$14,061,191$13,853,491$15,429,853
75$16,229,760$14,701,877$14,269,270$16,528,627
76$17,835,361$15,372,434$14,697,456$17,718,844
77$19,603,164$16,074,279$15,138,417$19,013,340
78$21,549,663$16,808,895$15,592,530$20,422,132
79$23,693,035$17,577,837$16,060,186$21,956,233
80$26,053,308$18,382,735$16,541,786$23,627,756
81$28,652,551$19,225,295$17,037,742$25,450,023
82$31,515,085$20,107,308$17,548,479$27,437,691
83$34,667,706$21,030,648$18,074,436$29,606,880
84$38,139,944$21,997,281$18,616,061$31,975,327
85$41,964,338$23,009,268$19,173,819$34,562,549
86$46,176,745$24,068,767$19,748,187$37,390,021
87$50,816,677$25,178,041$20,339,655$40,481,376
88$55,927,674$26,339,461$20,948,730$43,862,625
89$61,557,716$27,555,513$21,575,931$47,562,394
90$67,759,672$28,828,803$22,221,794$51,612,195
91$74,591,805$30,162,060$22,886,870$56,046,712
92$82,118,315$31,558,147$23,571,727$60,904,131
93$90,409,951$33,020,064$24,276,947$66,226,488
94$99,544,674$34,550,956$25,003,133$72,060,065
95$109,608,396$36,154,118$25,750,903$78,455,819
96$120,695,788$37,833,005$26,520,894$85,469,857
97$132,911,174$39,591,238$27,313,760$93,163,961
98$146,369,519$41,432,614$28,130,176$101,606,163
99$161,197,510$43,361,112$28,970,836$110,871,380
100$177,534,752$45,380,902$29,836,455$121,042,116