Can I retire at age 74 with 9,500,000?

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 $9,500,000?

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$784,501$777,513$770,696$764,041$757,543$749,944
2 years$388,367$381,134$374,124$367,327$360,735$353,081
3 years$256,339$249,075$242,083$235,350$228,865$221,394
4 years$190,339$183,097$176,174$169,557$163,228$155,998
5 years$150,748$143,550$136,719$130,236$124,084$117,114
6 years$124,364$117,219$110,489$104,151$98,183$91,484
7 years$105,525$98,441$91,817$85,628$79,849$73,423
8 years$91,402$84,382$77,868$71,831$66,243$60,089
9 years$80,423$73,470$67,068$61,184$55,786$49,902
10 years$71,646$64,760$58,471$52,741$47,532$41,916
11 years$64,469$57,652$51,477$45,901$40,879$35,525
12 years$58,492$51,745$45,685$40,261$35,425$30,328
13 years$53,439$46,763$40,816$35,545$30,891$26,045
14 years$49,111$42,506$36,673$31,552$27,079$22,477
15 years$45,364$38,830$33,111$28,139$23,843$19,478
16 years$42,089$35,626$30,020$25,196$21,072$16,938
17 years$39,201$32,810$27,317$22,638$18,684$14,772
18 years$36,638$30,318$24,937$20,401$16,613$12,916
19 years$34,347$28,098$22,829$18,434$14,808$11,318
20 years$32,287$26,110$20,951$16,696$13,226$9,936
21 years$30,427$24,321$19,271$15,153$11,836$8,737
22 years$28,737$22,702$17,761$13,777$10,609$7,693
23 years$27,197$21,233$16,399$12,547$9,524$6,783
24 years$25,787$19,894$15,167$11,444$8,560$5,986
25 years$24,492$18,670$14,047$10,451$7,703$5,288
26 years$23,299$17,546$13,028$9,556$6,938$4,676
27 years$22,196$16,513$12,098$8,747$6,256$4,137
28 years$21,173$15,560$11,246$8,014$5,644$3,662
29 years$20,223$14,679$10,466$7,349$5,097$3,244
30 years$19,338$13,863$9,748$6,745$4,605$2,875
31 years$18,511$13,105$9,088$6,194$4,164$2,549
32 years$17,738$12,400$8,479$5,693$3,766$2,261
33 years$17,013$11,743$7,917$5,235$3,408$2,006
34 years$16,332$11,130$7,397$4,817$3,086$1,781
35 years$15,692$10,557$6,916$4,434$2,795$1,581
36 years$15,088$10,020$6,470$4,084$2,533$1,404
37 years$14,519$9,516$6,056$3,762$2,295$1,247
38 years$13,980$9,044$5,671$3,468$2,081$1,108
39 years$13,471$8,600$5,313$3,198$1,887$984
40 years$12,988$8,182$4,980$2,949$1,712$875
41 years$12,530$7,789$4,670$2,721$1,553$777
42 years$12,095$7,418$4,380$2,511$1,409$691
43 years$11,681$7,068$4,110$2,318$1,279$614
44 years$11,287$6,737$3,858$2,140$1,161$546
45 years$10,912$6,424$3,623$1,977$1,054$486
46 years$10,554$6,128$3,403$1,826$957$432
47 years$10,213$5,848$3,197$1,687$869$384
48 years$9,886$5,583$3,004$1,559$789$341
49 years$9,574$5,332$2,823$1,441$717$304
50 years$9,275$5,093$2,654$1,332$651$270

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $9,500,000, adding $2,502 every year, while hoping to spend $37,362 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: 62/16/22 Blend
73$9,500,000$9,500,000$9,500,000$9,500,000
74$10,471,581$9,968,081$9,820,831$11,060,405
75$11,499,929$10,416,764$10,110,076$11,907,408
76$12,631,917$10,886,180$10,407,758$12,827,396
77$13,878,076$11,377,306$10,714,121$13,831,011
78$15,250,010$11,891,165$11,029,415$14,926,411
79$16,760,508$12,428,829$11,353,897$16,122,570
80$18,423,659$12,991,420$11,687,832$17,429,365
81$20,254,989$13,580,117$12,031,491$18,857,662
82$22,271,606$14,196,151$12,385,154$20,419,421
83$24,492,362$14,840,815$12,749,109$22,127,806
84$26,938,031$15,515,462$13,123,652$23,997,303
85$29,631,502$16,221,512$13,509,087$26,043,860
86$32,598,000$16,960,451$13,905,726$28,285,031
87$35,865,320$17,733,837$14,313,891$30,740,142
88$39,464,089$18,543,302$14,733,913$33,430,469
89$43,428,058$19,390,556$15,166,132$36,379,435
90$47,794,420$20,277,393$15,610,897$39,612,833
91$52,604,156$21,205,690$16,068,568$43,159,059
92$57,902,429$22,177,418$16,539,513$47,049,386
93$63,739,004$23,194,639$17,024,114$51,318,248
94$70,168,721$24,259,515$17,522,761$56,003,566
95$77,252,012$25,374,313$18,035,855$61,147,101
96$85,055,471$26,541,407$18,563,809$66,794,844
97$93,652,480$27,763,287$19,107,048$72,997,450
98$103,123,907$29,042,562$19,666,008$79,810,706
99$113,558,864$30,381,966$20,241,138$87,296,059
100$125,055,550$31,784,365$20,832,898$95,521,189