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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$759,727$752,960$746,358$739,913$733,621$726,262
2 years$376,103$369,098$362,310$355,728$349,343$341,931
3 years$248,244$241,210$234,438$227,918$221,638$214,402
4 years$184,328$177,315$170,611$164,202$158,074$151,071
5 years$145,988$139,017$132,401$126,123$120,165$113,416
6 years$120,436$113,518$107,000$100,862$95,083$88,595
7 years$102,192$95,332$88,917$82,924$77,328$71,104
8 years$88,516$81,717$75,409$69,563$64,151$58,191
9 years$77,884$71,149$64,950$59,252$54,024$48,327
10 years$69,383$62,715$56,625$51,076$46,031$40,592
11 years$62,433$55,831$49,851$44,451$39,588$34,403
12 years$56,645$50,111$44,242$38,990$34,307$29,370
13 years$51,751$45,286$39,527$34,422$29,916$25,222
14 years$47,560$41,164$35,515$30,556$26,224$21,767
15 years$43,932$37,604$32,066$27,251$23,090$18,863
16 years$40,759$34,501$29,072$24,400$20,407$16,403
17 years$37,963$31,774$26,455$21,923$18,094$14,306
18 years$35,481$29,360$24,150$19,757$16,088$12,509
19 years$33,262$27,211$22,108$17,852$14,340$10,961
20 years$31,268$25,286$20,289$16,169$12,809$9,622
21 years$29,466$23,553$18,662$14,674$11,462$8,461
22 years$27,830$21,986$17,200$13,342$10,274$7,450
23 years$26,338$20,563$15,881$12,151$9,223$6,568
24 years$24,973$19,266$14,688$11,082$8,290$5,797
25 years$23,719$18,080$13,604$10,121$7,460$5,121
26 years$22,563$16,992$12,617$9,254$6,719$4,528
27 years$21,495$15,992$11,716$8,471$6,058$4,006
28 years$20,505$15,069$10,891$7,761$5,466$3,547
29 years$19,585$14,216$10,135$7,117$4,936$3,142
30 years$18,727$13,425$9,441$6,532$4,460$2,785
31 years$17,927$12,691$8,801$5,999$4,032$2,469
32 years$17,178$12,009$8,212$5,513$3,647$2,190
33 years$16,476$11,372$7,667$5,070$3,301$1,943
34 years$15,817$10,778$7,164$4,664$2,989$1,725
35 years$15,196$10,223$6,698$4,294$2,707$1,531
36 years$14,612$9,703$6,266$3,955$2,453$1,360
37 years$14,060$9,216$5,864$3,644$2,223$1,208
38 years$13,539$8,758$5,492$3,358$2,015$1,073
39 years$13,045$8,328$5,145$3,097$1,827$953
40 years$12,578$7,924$4,823$2,856$1,658$847
41 years$12,134$7,543$4,522$2,635$1,504$753
42 years$11,713$7,183$4,242$2,432$1,365$669
43 years$11,312$6,844$3,980$2,245$1,238$595
44 years$10,931$6,524$3,736$2,073$1,124$529
45 years$10,568$6,221$3,508$1,914$1,020$470
46 years$10,221$5,935$3,295$1,768$927$418
47 years$9,890$5,664$3,096$1,634$841$372
48 years$9,574$5,407$2,909$1,510$764$331
49 years$9,272$5,163$2,734$1,395$694$294
50 years$8,982$4,932$2,571$1,290$630$261

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 $2,320 every year, while hoping to spend $58,853 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: 72/17/11 Blend
73$9,200,000$9,200,000$9,200,000$9,200,000
74$10,140,793$9,653,193$9,510,593$10,848,572
75$11,112,535$10,063,580$9,766,579$11,727,433
76$12,181,422$10,492,104$10,029,168$12,681,970
77$13,357,300$10,939,591$10,298,518$13,725,554
78$14,651,020$11,406,906$10,574,794$14,866,967
79$16,074,534$11,894,955$10,858,160$16,115,874
80$17,641,014$12,404,684$11,148,785$17,482,912
81$19,364,971$12,937,088$11,446,843$18,979,793
82$21,262,396$13,493,203$11,752,510$20,619,411
83$23,350,908$14,074,117$12,065,966$22,415,959
84$25,649,919$14,680,968$12,387,395$24,385,064
85$28,180,822$15,314,947$12,716,984$26,543,933
86$30,967,188$15,977,301$13,054,925$28,911,514
87$34,034,989$16,669,336$13,401,413$31,508,667
88$37,412,843$17,392,419$13,756,645$34,358,369
89$41,132,286$18,147,981$14,120,826$37,485,917
90$45,228,068$18,937,520$14,494,162$40,919,176
91$49,738,478$19,762,606$14,876,864$44,688,829
92$54,705,711$20,624,881$15,269,147$48,828,673
93$60,176,259$21,526,066$15,671,229$53,375,930
94$66,201,356$22,467,962$16,083,334$58,371,596
95$72,837,457$23,452,455$16,505,688$63,860,828
96$80,146,773$24,481,521$16,938,524$69,893,365
97$88,197,855$25,557,227$17,382,076$76,523,995
98$97,066,246$26,681,740$17,836,585$83,813,069
99$106,835,187$27,857,329$18,302,295$91,827,069
100$117,596,407$29,086,370$18,779,453$100,639,227