Can I retire at age 74 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$759,727$752,960$746,358$739,913$733,621$716,177
2 years$376,103$369,098$362,310$355,728$349,343$331,871
3 years$248,244$241,210$234,438$227,918$221,638$204,683
4 years$184,328$177,315$170,611$164,202$158,074$141,767
5 years$145,988$139,017$132,401$126,123$120,165$104,552
6 years$120,436$113,518$107,000$100,862$95,083$80,178
7 years$102,192$95,332$88,917$82,924$77,328$63,135
8 years$88,516$81,717$75,409$69,563$64,151$50,664
9 years$77,884$71,149$64,950$59,252$54,024$41,232
10 years$69,383$62,715$56,625$51,076$46,031$33,920
11 years$62,433$55,831$49,851$44,451$39,588$28,141
12 years$56,645$50,111$44,242$38,990$34,307$23,504
13 years$51,751$45,286$39,527$34,422$29,916$19,738
14 years$47,560$41,164$35,515$30,556$26,224$16,648
15 years$43,932$37,604$32,066$27,251$23,090$14,094
16 years$40,759$34,501$29,072$24,400$20,407$11,967
17 years$37,963$31,774$26,455$21,923$18,094$10,188
18 years$35,481$29,360$24,150$19,757$16,088$8,691
19 years$33,262$27,211$22,108$17,852$14,340$7,427
20 years$31,268$25,286$20,289$16,169$12,809$6,357
21 years$29,466$23,553$18,662$14,674$11,462$5,448
22 years$27,830$21,986$17,200$13,342$10,274$4,674
23 years$26,338$20,563$15,881$12,151$9,223$4,013
24 years$24,973$19,266$14,688$11,082$8,290$3,449
25 years$23,719$18,080$13,604$10,121$7,460$2,966
26 years$22,563$16,992$12,617$9,254$6,719$2,552
27 years$21,495$15,992$11,716$8,471$6,058$2,197
28 years$20,505$15,069$10,891$7,761$5,466$1,893
29 years$19,585$14,216$10,135$7,117$4,936$1,631
30 years$18,727$13,425$9,441$6,532$4,460$1,405
31 years$17,927$12,691$8,801$5,999$4,032$1,212
32 years$17,178$12,009$8,212$5,513$3,647$1,045
33 years$16,476$11,372$7,667$5,070$3,301$901
34 years$15,817$10,778$7,164$4,664$2,989$777
35 years$15,196$10,223$6,698$4,294$2,707$671
36 years$14,612$9,703$6,266$3,955$2,453$579
37 years$14,060$9,216$5,864$3,644$2,223$499
38 years$13,539$8,758$5,492$3,358$2,015$431
39 years$13,045$8,328$5,145$3,097$1,827$372
40 years$12,578$7,924$4,823$2,856$1,658$321
41 years$12,134$7,543$4,522$2,635$1,504$277
42 years$11,713$7,183$4,242$2,432$1,365$239
43 years$11,312$6,844$3,980$2,245$1,238$207
44 years$10,931$6,524$3,736$2,073$1,124$178
45 years$10,568$6,221$3,508$1,914$1,020$154
46 years$10,221$5,935$3,295$1,768$927$133
47 years$9,890$5,664$3,096$1,634$841$115
48 years$9,574$5,407$2,909$1,510$764$99
49 years$9,272$5,163$2,734$1,395$694$86
50 years$8,982$4,932$2,571$1,290$630$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $9,200,000, adding $4,162 every year, while hoping to spend $34,991 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: 65/14/21 Blend
73$9,200,000$9,200,000$9,200,000$9,200,000
74$10,142,693$9,655,093$9,512,493$10,747,358
75$11,140,018$10,090,963$9,793,931$11,590,165
76$12,237,897$10,547,017$10,083,625$12,506,520
77$13,446,549$11,024,208$10,381,814$13,507,172
78$14,777,237$11,523,534$10,688,745$14,600,390
79$16,242,368$12,046,039$11,004,670$15,795,268
80$17,855,614$12,592,820$11,329,851$17,101,819
81$19,632,042$13,165,024$11,664,557$18,531,061
82$21,588,253$13,763,853$12,009,062$20,095,122
83$23,742,541$14,390,567$12,363,651$21,807,352
84$26,115,063$15,046,488$12,728,616$23,682,449
85$28,728,031$15,732,998$13,104,257$25,736,591
86$31,605,924$16,451,548$13,490,883$27,987,591
87$34,775,711$17,203,658$13,888,811$30,455,061
88$38,267,116$17,990,919$14,298,369$33,160,596
89$42,112,889$18,815,001$14,719,891$36,127,974
90$46,349,120$19,677,652$15,153,724$39,383,378
91$51,015,580$20,580,707$15,600,223$42,955,641
92$56,156,092$21,526,084$16,059,753$46,876,516
93$61,818,949$22,515,798$16,532,691$51,180,974
94$68,057,368$23,551,959$17,019,422$55,907,526
95$74,929,992$24,636,777$17,520,345$61,098,590
96$82,501,443$25,772,571$18,035,869$66,800,885
97$90,842,932$26,961,769$18,566,413$73,065,866
98$100,032,934$28,206,918$19,112,410$79,950,213
99$110,157,922$29,510,686$19,674,304$87,516,356
100$121,313,190$30,875,869$20,252,553$95,833,064