Can I retire at age 74 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$776,243$769,329$762,583$755,999$749,569$737,455
2 years$384,279$377,122$370,186$363,461$356,938$344,766
3 years$253,641$246,453$239,535$232,873$226,456$214,606
4 years$188,335$181,169$174,320$167,772$161,510$150,073
5 years$149,162$142,039$135,279$128,865$122,778$111,786
6 years$123,055$115,985$109,326$103,054$97,150$86,617
7 years$104,414$97,404$90,850$84,727$79,009$68,938
8 years$90,440$83,494$77,048$71,075$65,545$55,934
9 years$79,577$72,696$66,362$60,540$55,199$46,042
10 years$70,892$64,078$57,856$52,186$47,032$38,323
11 years$63,790$57,045$50,935$45,418$40,449$32,178
12 years$57,876$51,201$45,204$39,837$35,052$27,209
13 years$52,876$46,270$40,386$35,170$30,566$23,139
14 years$48,594$42,058$36,287$31,220$26,794$19,770
15 years$44,887$38,421$32,763$27,843$23,592$16,958
16 years$41,646$35,251$29,704$24,930$20,850$14,594
17 years$38,789$32,465$27,030$22,400$18,487$12,594
18 years$36,252$29,999$24,675$20,187$16,438$10,894
19 years$33,985$27,802$22,588$18,240$14,652$9,442
20 years$31,948$25,835$20,730$16,520$13,087$8,198
21 years$30,106$24,065$19,068$14,993$11,712$7,128
22 years$28,435$22,463$17,574$13,632$10,498$6,205
23 years$26,911$21,010$16,227$12,415$9,423$5,408
24 years$25,516$19,685$15,007$11,323$8,470$4,718
25 years$24,235$18,473$13,899$10,341$7,622$4,119
26 years$23,054$17,362$12,891$9,455$6,865$3,598
27 years$21,962$16,339$11,970$8,655$6,190$3,146
28 years$20,951$15,397$11,128$7,930$5,585$2,752
29 years$20,010$14,525$10,356$7,272$5,043$2,408
30 years$19,134$13,717$9,646$6,674$4,557$2,108
31 years$18,317$12,967$8,993$6,129$4,120$1,846
32 years$17,551$12,270$8,390$5,633$3,727$1,617
33 years$16,834$11,620$7,834$5,180$3,373$1,417
34 years$16,160$11,013$7,320$4,766$3,054$1,242
35 years$15,527$10,445$6,843$4,387$2,766$1,089
36 years$14,929$9,914$6,402$4,041$2,506$955
37 years$14,366$9,416$5,992$3,723$2,271$837
38 years$13,833$8,949$5,611$3,431$2,059$734
39 years$13,329$8,509$5,257$3,164$1,867$644
40 years$12,851$8,096$4,927$2,918$1,694$565
41 years$12,398$7,707$4,620$2,692$1,536$496
42 years$11,968$7,340$4,334$2,485$1,394$435
43 years$11,558$6,993$4,067$2,294$1,265$382
44 years$11,169$6,666$3,818$2,118$1,149$335
45 years$10,797$6,357$3,585$1,956$1,043$294
46 years$10,443$6,064$3,367$1,807$947$258
47 years$10,105$5,787$3,163$1,669$860$227
48 years$9,782$5,524$2,972$1,542$781$199
49 years$9,473$5,275$2,794$1,425$709$175
50 years$9,178$5,039$2,627$1,318$644$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $9,400,000, adding $3,801 every year, while hoping to spend $59,914 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: 41/42/17 Blend
73$9,400,000$9,400,000$9,400,000$9,400,000
74$10,362,721$9,864,521$9,718,821$10,735,476
75$11,355,970$10,284,134$9,980,653$11,419,730
76$12,448,523$10,722,301$10,249,249$12,153,742
77$13,650,445$11,179,866$10,524,771$12,946,938
78$14,972,826$11,657,715$10,807,387$13,804,747
79$16,427,887$12,156,776$11,097,267$14,733,129
80$18,029,090$12,678,017$11,394,584$15,738,625
81$19,791,271$13,222,453$11,699,517$16,828,416
82$21,730,776$13,791,149$12,012,246$18,010,389
83$23,865,616$14,385,215$12,332,956$19,293,203
84$26,215,635$15,005,818$12,661,837$20,686,372
85$28,802,702$15,654,175$12,999,081$22,200,346
86$31,650,912$16,331,563$13,344,884$23,846,610
87$34,786,814$17,039,319$13,699,447$25,637,784
88$38,239,665$17,778,842$14,062,974$27,587,738
89$42,041,702$18,551,596$14,435,675$29,711,721
90$46,228,446$19,359,115$14,817,761$32,026,494
91$50,839,041$20,203,005$15,209,449$34,550,489
92$55,916,618$21,084,947$15,610,960$37,303,975
93$61,508,706$22,006,702$16,022,520$40,309,239
94$67,667,678$22,970,114$16,444,358$43,590,800
95$74,451,244$23,977,114$16,876,708$47,175,623
96$81,923,001$25,029,722$17,319,808$51,093,375
97$90,153,026$26,130,057$17,773,899$55,376,694
98$99,218,540$27,280,335$18,239,231$60,061,491
99$109,204,638$28,482,879$18,716,052$65,187,281
100$120,205,092$29,740,120$19,204,620$70,797,548