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

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$784,501$777,513$770,696$764,041$757,543$732,122
2 years$388,367$381,134$374,124$367,327$360,735$335,374
3 years$256,339$249,075$242,083$235,350$228,865$204,361
4 years$190,339$183,097$176,174$169,557$163,228$139,769
5 years$150,748$143,550$136,719$130,236$124,084$101,731
6 years$124,364$117,219$110,489$104,151$98,183$76,955
7 years$105,525$98,441$91,817$85,628$79,849$59,742
8 years$91,402$84,382$77,868$71,831$66,243$47,242
9 years$80,423$73,470$67,068$61,184$55,786$37,869
10 years$71,646$64,760$58,471$52,741$47,532$30,670
11 years$64,469$57,652$51,477$45,901$40,879$25,039
12 years$58,492$51,745$45,685$40,261$35,425$20,571
13 years$53,439$46,763$40,816$35,545$30,891$16,985
14 years$49,111$42,506$36,673$31,552$27,079$14,082
15 years$45,364$38,830$33,111$28,139$23,843$11,713
16 years$42,089$35,626$30,020$25,196$21,072$9,769
17 years$39,201$32,810$27,317$22,638$18,684$8,166
18 years$36,638$30,318$24,937$20,401$16,613$6,838
19 years$34,347$28,098$22,829$18,434$14,808$5,735
20 years$32,287$26,110$20,951$16,696$13,226$4,816
21 years$30,427$24,321$19,271$15,153$11,836$4,048
22 years$28,737$22,702$17,761$13,777$10,609$3,406
23 years$27,197$21,233$16,399$12,547$9,524$2,868
24 years$25,787$19,894$15,167$11,444$8,560$2,416
25 years$24,492$18,670$14,047$10,451$7,703$2,037
26 years$23,299$17,546$13,028$9,556$6,938$1,718
27 years$22,196$16,513$12,098$8,747$6,256$1,449
28 years$21,173$15,560$11,246$8,014$5,644$1,223
29 years$20,223$14,679$10,466$7,349$5,097$1,032
30 years$19,338$13,863$9,748$6,745$4,605$872
31 years$18,511$13,105$9,088$6,194$4,164$736
32 years$17,738$12,400$8,479$5,693$3,766$622
33 years$17,013$11,743$7,917$5,235$3,408$525
34 years$16,332$11,130$7,397$4,817$3,086$444
35 years$15,692$10,557$6,916$4,434$2,795$375
36 years$15,088$10,020$6,470$4,084$2,533$317
37 years$14,519$9,516$6,056$3,762$2,295$268
38 years$13,980$9,044$5,671$3,468$2,081$226
39 years$13,471$8,600$5,313$3,198$1,887$191
40 years$12,988$8,182$4,980$2,949$1,712$161
41 years$12,530$7,789$4,670$2,721$1,553$136
42 years$12,095$7,418$4,380$2,511$1,409$115
43 years$11,681$7,068$4,110$2,318$1,279$98
44 years$11,287$6,737$3,858$2,140$1,161$82
45 years$10,912$6,424$3,623$1,977$1,054$70
46 years$10,554$6,128$3,403$1,826$957$59
47 years$10,213$5,848$3,197$1,687$869$50
48 years$9,886$5,583$3,004$1,559$789$42
49 years$9,574$5,332$2,823$1,441$717$36
50 years$9,275$5,093$2,654$1,332$651$30

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 $2,577 every year, while hoping to spend $50,570 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: 55/24/21 Blend
73$9,500,000$9,500,000$9,500,000$9,500,000
74$10,471,658$9,968,158$9,820,908$10,987,737
75$11,485,961$10,402,792$10,096,103$11,775,885
76$12,602,028$10,857,028$10,378,821$12,628,179
77$13,830,186$11,331,773$10,669,262$13,555,254
78$15,181,812$11,827,977$10,967,630$14,564,290
79$16,669,444$12,346,635$11,274,133$15,663,183
80$18,306,896$12,888,789$11,588,985$16,860,612
81$20,109,389$13,455,529$11,912,405$18,166,127
82$22,093,694$14,047,997$12,244,618$19,590,229
83$24,278,293$14,667,391$12,585,855$21,144,471
84$26,683,549$15,314,963$12,936,351$22,841,562
85$29,331,900$15,992,025$13,296,348$24,695,485
86$32,248,071$16,699,952$13,666,093$26,721,625
87$35,459,309$17,440,184$14,045,841$28,936,914
88$38,995,633$18,214,228$14,435,852$31,359,983
89$42,890,126$19,023,663$14,836,391$34,011,340
90$47,179,240$19,870,145$15,247,732$36,913,554
91$51,903,146$20,755,405$15,670,154$40,091,468
92$57,106,106$21,681,259$16,103,943$43,572,432
93$62,836,896$22,649,608$16,549,393$47,386,548
94$69,149,266$23,662,445$17,006,803$51,566,963
95$76,102,441$24,721,855$17,476,482$56,150,165
96$83,761,688$25,830,024$17,958,742$61,176,331
97$92,198,929$26,989,243$18,453,908$66,689,699
98$101,493,414$28,201,911$18,962,309$72,738,980
99$111,732,478$29,470,540$19,484,282$79,377,812
100$123,012,358$30,797,764$20,020,173$86,665,264