Can I retire at age 74 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,071,715
2 years$560,066$549,635$539,526$529,725$520,218$499,401
3 years$369,668$359,193$349,109$339,400$330,048$309,806
4 years$274,488$264,045$254,062$244,518$235,393$215,881
5 years$217,395$207,014$197,163$187,814$178,942$160,216
6 years$179,346$169,043$159,337$150,196$141,591$123,672
7 years$152,178$141,962$132,410$123,484$115,151$98,044
8 years$131,811$121,687$112,294$103,588$95,529$79,228
9 years$115,979$105,951$96,719$88,234$80,449$64,945
10 years$103,321$93,390$84,321$76,059$68,547$53,825
11 years$92,971$83,140$74,235$66,194$58,952$44,996
12 years$84,352$74,622$65,882$58,061$51,087$37,876
13 years$77,065$67,437$58,861$51,259$44,549$32,062
14 years$70,824$61,298$52,887$45,502$39,051$27,265
15 years$65,420$55,997$47,750$40,580$34,384$23,275
16 years$60,696$51,376$43,292$36,335$30,388$19,932
17 years$56,533$47,315$39,394$32,647$26,945$17,115
18 years$52,836$43,721$35,962$29,421$23,958$14,729
19 years$49,532$40,521$32,921$26,584$21,354$12,700
20 years$46,562$37,654$30,214$24,077$19,074$10,969
21 years$43,878$35,073$27,791$21,852$17,069$9,487
22 years$41,442$32,739$25,613$19,868$15,300$8,215
23 years$39,221$30,620$23,649$18,094$13,734$7,121
24 years$37,188$28,689$21,872$16,503$12,345$6,178
25 years$35,321$26,924$20,258$15,072$11,108$5,364
26 years$33,600$25,304$18,788$13,781$10,006$4,660
27 years$32,009$23,814$17,446$12,614$9,021$4,051
28 years$30,534$22,440$16,219$11,557$8,140$3,523
29 years$29,164$21,169$15,093$10,598$7,350$3,066
30 years$27,887$19,992$14,058$9,726$6,641$2,668
31 years$26,695$18,899$13,106$8,933$6,004$2,323
32 years$25,580$17,882$12,228$8,210$5,431$2,024
33 years$24,535$16,935$11,418$7,549$4,915$1,763
34 years$23,553$16,051$10,668$6,946$4,450$1,536
35 years$22,629$15,224$9,974$6,394$4,031$1,339
36 years$21,759$14,449$9,330$5,889$3,652$1,167
37 years$20,937$13,724$8,733$5,426$3,310$1,017
38 years$20,161$13,042$8,178$5,001$3,001$887
39 years$19,426$12,402$7,662$4,611$2,721$773
40 years$18,730$11,800$7,182$4,253$2,468$674
41 years$18,070$11,232$6,734$3,924$2,239$588
42 years$17,442$10,697$6,317$3,622$2,032$513
43 years$16,845$10,192$5,927$3,343$1,844$447
44 years$16,278$9,715$5,564$3,087$1,674$390
45 years$15,736$9,264$5,224$2,851$1,520$340
46 years$15,220$8,838$4,907$2,633$1,380$297
47 years$14,728$8,434$4,610$2,433$1,253$259
48 years$14,257$8,051$4,332$2,248$1,138$226
49 years$13,807$7,689$4,072$2,078$1,033$197
50 years$13,376$7,344$3,828$1,920$939$172

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $13,700,000, adding $3,378 every year, while hoping to spend $56,089 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: 56/30/14 Blend
73$13,700,000$13,700,000$13,700,000$13,700,000
74$15,100,884$14,374,784$14,162,434$15,891,698
75$16,581,496$15,019,471$14,577,198$17,073,141
76$18,211,251$15,693,867$15,003,976$18,353,022
77$20,005,301$16,399,369$15,443,112$19,745,875
78$21,980,345$17,137,440$15,894,959$21,262,516
79$24,154,779$17,909,615$16,359,879$22,914,833
80$26,548,878$18,717,497$16,838,246$24,715,898
81$29,184,980$19,562,770$17,330,444$26,680,080
82$32,087,699$20,447,198$17,836,865$28,823,183
83$35,284,161$21,372,627$18,357,916$31,162,586
84$38,804,252$22,340,992$18,894,014$33,717,401
85$42,680,907$23,354,323$19,445,585$36,508,655
86$46,950,418$24,414,743$20,013,070$39,559,475
87$51,652,775$25,524,479$20,596,922$42,895,308
88$56,832,045$26,685,865$21,197,606$46,544,148
89$62,536,787$27,901,346$21,815,599$50,536,803
90$68,820,510$29,173,483$22,451,393$54,907,171
91$75,742,180$30,504,962$23,105,492$59,692,559
92$83,366,773$31,898,595$23,778,416$64,934,026
93$91,765,889$33,357,332$24,470,699$70,676,763
94$101,018,430$34,884,261$25,182,887$76,970,513
95$111,211,341$36,482,621$25,915,545$83,870,034
96$122,440,433$38,155,805$26,669,252$91,435,604
97$134,811,288$39,907,370$27,444,602$99,733,584
98$148,440,250$41,741,042$28,242,207$108,837,036
99$163,455,530$43,660,727$29,062,695$118,826,400
100$179,998,411$45,670,520$29,906,713$129,790,249