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%12.5%
1 years$784,501$777,513$770,696$764,041$757,543$749,632
2 years$388,367$381,134$374,124$367,327$360,735$352,768
3 years$256,339$249,075$242,083$235,350$228,865$221,090
4 years$190,339$183,097$176,174$169,557$163,228$155,705
5 years$150,748$143,550$136,719$130,236$124,084$116,833
6 years$124,364$117,219$110,489$104,151$98,183$91,215
7 years$105,525$98,441$91,817$85,628$79,849$73,166
8 years$91,402$84,382$77,868$71,831$66,243$59,845
9 years$80,423$73,470$67,068$61,184$55,786$49,671
10 years$71,646$64,760$58,471$52,741$47,532$41,696
11 years$64,469$57,652$51,477$45,901$40,879$35,317
12 years$58,492$51,745$45,685$40,261$35,425$30,131
13 years$53,439$46,763$40,816$35,545$30,891$25,859
14 years$49,111$42,506$36,673$31,552$27,079$22,302
15 years$45,364$38,830$33,111$28,139$23,843$19,313
16 years$42,089$35,626$30,020$25,196$21,072$16,783
17 years$39,201$32,810$27,317$22,638$18,684$14,627
18 years$36,638$30,318$24,937$20,401$16,613$12,780
19 years$34,347$28,098$22,829$18,434$14,808$11,191
20 years$32,287$26,110$20,951$16,696$13,226$9,817
21 years$30,427$24,321$19,271$15,153$11,836$8,626
22 years$28,737$22,702$17,761$13,777$10,609$7,590
23 years$27,197$21,233$16,399$12,547$9,524$6,686
24 years$25,787$19,894$15,167$11,444$8,560$5,897
25 years$24,492$18,670$14,047$10,451$7,703$5,205
26 years$23,299$17,546$13,028$9,556$6,938$4,598
27 years$22,196$16,513$12,098$8,747$6,256$4,065
28 years$21,173$15,560$11,246$8,014$5,644$3,596
29 years$20,223$14,679$10,466$7,349$5,097$3,183
30 years$19,338$13,863$9,748$6,745$4,605$2,819
31 years$18,511$13,105$9,088$6,194$4,164$2,497
32 years$17,738$12,400$8,479$5,693$3,766$2,213
33 years$17,013$11,743$7,917$5,235$3,408$1,962
34 years$16,332$11,130$7,397$4,817$3,086$1,740
35 years$15,692$10,557$6,916$4,434$2,795$1,544
36 years$15,088$10,020$6,470$4,084$2,533$1,370
37 years$14,519$9,516$6,056$3,762$2,295$1,215
38 years$13,980$9,044$5,671$3,468$2,081$1,079
39 years$13,471$8,600$5,313$3,198$1,887$958
40 years$12,988$8,182$4,980$2,949$1,712$850
41 years$12,530$7,789$4,670$2,721$1,553$755
42 years$12,095$7,418$4,380$2,511$1,409$671
43 years$11,681$7,068$4,110$2,318$1,279$596
44 years$11,287$6,737$3,858$2,140$1,161$529
45 years$10,912$6,424$3,623$1,977$1,054$470
46 years$10,554$6,128$3,403$1,826$957$418
47 years$10,213$5,848$3,197$1,687$869$371
48 years$9,886$5,583$3,004$1,559$789$330
49 years$9,574$5,332$2,823$1,441$717$293
50 years$9,275$5,093$2,654$1,332$651$260

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 $4,653 every year, while hoping to spend $26,297 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: 31/41/28 Blend
73$9,500,000$9,500,000$9,500,000$9,500,000
74$10,473,800$9,970,300$9,823,050$10,708,486
75$11,514,147$10,430,864$10,124,142$11,351,107
76$12,659,729$10,913,116$10,434,440$12,039,720
77$13,921,251$11,418,088$10,754,223$12,780,459
78$15,310,511$11,946,866$11,083,781$13,577,905
79$16,840,508$12,500,587$11,423,413$14,437,074
80$18,525,566$13,080,443$11,773,424$15,363,461
81$20,381,472$13,687,682$12,134,131$16,363,087
82$22,425,618$14,323,615$12,505,861$17,442,553
83$24,677,172$14,989,613$12,888,948$18,609,092
84$27,157,255$15,687,115$13,283,739$19,870,641
85$29,889,141$16,417,630$13,690,591$21,235,901
86$32,898,478$17,182,739$14,109,870$22,714,420
87$36,213,527$17,984,098$14,541,955$24,316,677
88$39,865,433$18,823,444$14,987,237$26,054,169
89$43,888,514$19,702,600$15,446,116$27,939,521
90$48,320,589$20,623,474$15,919,007$29,986,594
91$53,203,332$21,588,067$16,406,337$32,210,607
92$58,582,667$22,598,477$16,908,545$34,628,280
93$64,509,201$23,656,905$17,426,083$37,257,978
94$71,038,701$24,765,655$17,959,418$40,119,879
95$78,232,622$25,927,145$18,509,032$43,236,156
96$86,158,683$27,143,909$19,075,418$46,631,176
97$94,891,512$28,418,604$19,659,089$50,331,725
98$104,513,347$29,754,016$20,260,568$54,367,246
99$115,114,809$31,153,064$20,880,398$58,770,110
100$126,795,766$32,618,810$21,519,137$63,575,913