Can I retire at age 74 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$743,212$736,591$730,133$723,828$717,673$691,384
2 years$367,927$361,074$354,433$347,994$341,749$315,556
3 years$242,848$235,966$229,342$222,963$216,820$191,547
4 years$180,321$173,460$166,902$160,633$154,638$130,477
5 years$142,814$135,995$129,523$123,381$117,553$94,568
6 years$117,818$111,050$104,674$98,669$93,016$71,223
7 years$99,971$93,260$86,984$81,121$75,647$55,040
8 years$86,591$79,941$73,770$68,051$62,756$43,318
9 years$76,191$69,603$63,538$57,964$52,850$34,553
10 years$67,875$61,351$55,394$49,966$45,031$27,844
11 years$61,076$54,618$48,768$43,485$38,728$22,614
12 years$55,414$49,022$43,280$38,142$33,561$18,480
13 years$50,626$44,301$38,668$33,674$29,266$15,176
14 years$46,527$40,269$34,743$29,892$25,654$12,511
15 years$42,977$36,786$31,369$26,658$22,588$10,348
16 years$39,873$33,751$28,440$23,870$19,963$8,580
17 years$37,138$31,083$25,879$21,447$17,701$7,130
18 years$34,710$28,722$23,625$19,328$15,739$5,935
19 years$32,539$26,619$21,627$17,464$14,028$4,948
20 years$30,588$24,736$19,848$15,817$12,530$4,129
21 years$28,825$23,041$18,257$14,355$11,213$3,450
22 years$27,225$21,508$16,826$13,052$10,051$2,885
23 years$25,766$20,116$15,536$11,887$9,022$2,414
24 years$24,430$18,847$14,368$10,841$8,110$2,021
25 years$23,203$17,687$13,308$9,901$7,297$1,692
26 years$22,073$16,623$12,342$9,053$6,573$1,418
27 years$21,028$15,644$11,461$8,286$5,926$1,189
28 years$20,059$14,741$10,654$7,592$5,347$997
29 years$19,159$13,907$9,915$6,962$4,829$836
30 years$18,320$13,133$9,235$6,390$4,363$701
31 years$17,537$12,416$8,610$5,868$3,944$588
32 years$16,804$11,748$8,033$5,393$3,568$493
33 years$16,118$11,125$7,501$4,959$3,229$414
34 years$15,473$10,544$7,008$4,563$2,924$347
35 years$14,866$10,001$6,552$4,201$2,648$292
36 years$14,294$9,492$6,129$3,869$2,399$245
37 years$13,754$9,016$5,737$3,564$2,175$205
38 years$13,244$8,568$5,372$3,285$1,971$172
39 years$12,762$8,147$5,033$3,029$1,788$145
40 years$12,304$7,752$4,718$2,794$1,622$122
41 years$11,870$7,379$4,424$2,578$1,471$102
42 years$11,458$7,027$4,150$2,379$1,335$86
43 years$11,066$6,696$3,894$2,196$1,211$72
44 years$10,693$6,382$3,655$2,028$1,100$60
45 years$10,338$6,086$3,432$1,873$998$51
46 years$9,999$5,806$3,223$1,730$906$43
47 years$9,675$5,541$3,028$1,598$823$36
48 years$9,366$5,289$2,846$1,477$747$30
49 years$9,070$5,051$2,675$1,365$679$25
50 years$8,787$4,825$2,515$1,262$617$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $9,000,000, adding $2,039 every year, while hoping to spend $45,905 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: 48/34/18 Blend
73$9,000,000$9,000,000$9,000,000$9,000,000
74$9,920,103$9,443,103$9,303,603$10,345,914
75$10,883,111$9,856,973$9,566,431$11,055,461
76$11,942,807$10,289,583$9,836,526$11,820,649
77$13,109,006$10,741,805$10,114,081$12,650,558
78$14,392,519$11,214,548$10,399,298$13,551,270
79$15,805,262$11,708,767$10,692,381$14,529,466
80$17,360,364$12,225,461$10,993,540$15,592,486
81$19,072,289$12,765,677$11,302,992$16,748,395
82$20,956,977$13,330,510$11,620,957$18,006,057
83$23,031,992$13,921,108$11,947,662$19,375,213
84$25,316,686$14,538,674$12,283,340$20,866,574
85$27,832,386$15,184,466$12,628,229$22,491,912
86$30,602,589$15,859,805$12,982,574$24,264,174
87$33,653,188$16,566,070$13,346,626$26,197,595
88$37,012,717$17,304,711$13,720,641$28,307,833
89$40,712,614$18,077,243$14,104,883$30,612,108
90$44,787,527$18,885,253$14,499,622$33,129,362
91$49,275,630$19,730,406$14,905,135$35,880,434
92$54,218,993$20,614,445$15,321,706$38,888,252
93$59,663,972$21,539,194$15,749,625$42,178,042
94$65,661,650$22,506,568$16,189,191$45,777,563
95$72,268,318$23,518,569$16,640,708$49,717,361
96$79,546,006$24,577,298$17,104,491$54,031,055
97$87,563,066$25,684,954$17,580,859$58,755,646
98$96,394,823$26,843,840$18,070,142$63,931,860
99$106,124,279$28,056,373$18,572,676$69,604,526
100$116,842,901$29,325,080$19,088,806$75,822,993