Can I retire at age 74 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$792,759$785,698$778,808$772,084$765,517$758,154
2 years$392,455$385,146$378,062$371,194$364,532$357,114
3 years$259,038$251,697$244,631$237,828$231,274$224,032
4 years$192,342$185,024$178,029$171,341$164,947$157,936
5 years$152,335$145,061$138,158$131,607$125,390$118,632
6 years$125,673$118,453$111,652$105,247$99,217$92,719
7 years$106,636$99,477$92,783$86,529$80,690$74,455
8 years$92,364$85,270$78,688$72,587$66,940$60,969
9 years$81,270$74,243$67,774$61,828$56,373$50,663
10 years$72,400$65,441$59,087$53,297$48,033$42,580
11 years$65,147$58,259$52,019$46,384$41,310$36,111
12 years$59,108$52,290$46,165$40,685$35,798$30,847
13 years$54,001$47,255$41,246$35,919$31,217$26,508
14 years$49,628$42,953$37,060$31,885$27,364$22,892
15 years$45,842$39,239$33,460$28,435$24,094$19,851
16 years$42,532$36,001$30,336$25,461$21,294$17,274
17 years$39,614$33,155$27,605$22,876$18,881$15,076
18 years$37,024$30,637$25,200$20,616$16,788$13,191
19 years$34,708$28,394$23,069$18,629$14,963$11,567
20 years$32,627$26,385$21,172$16,872$13,366$10,162
21 years$30,747$24,577$19,474$15,312$11,961$8,942
22 years$29,040$22,941$17,948$13,922$10,721$7,880
23 years$27,483$21,457$16,572$12,679$9,624$6,953
24 years$26,059$20,104$15,326$11,564$8,650$6,141
25 years$24,750$18,866$14,195$10,561$7,784$5,429
26 years$23,544$17,731$13,165$9,657$7,011$4,804
27 years$22,430$16,687$12,225$8,839$6,321$4,254
28 years$21,396$15,724$11,365$8,098$5,704$3,769
29 years$20,436$14,834$10,576$7,426$5,150$3,341
30 years$19,541$14,009$9,851$6,816$4,654$2,964
31 years$18,706$13,243$9,184$6,260$4,207$2,630
32 years$17,925$12,531$8,569$5,753$3,806$2,335
33 years$17,192$11,867$8,001$5,290$3,444$2,073
34 years$16,504$11,247$7,475$4,867$3,118$1,842
35 years$15,857$10,668$6,989$4,481$2,825$1,637
36 years$15,247$10,125$6,538$4,127$2,559$1,454
37 years$14,671$9,617$6,119$3,802$2,319$1,293
38 years$14,127$9,139$5,731$3,504$2,103$1,150
39 years$13,613$8,690$5,369$3,231$1,907$1,022
40 years$13,125$8,268$5,032$2,980$1,730$909
41 years$12,662$7,871$4,719$2,750$1,569$809
42 years$12,222$7,496$4,426$2,538$1,424$720
43 years$11,804$7,142$4,153$2,343$1,292$640
44 years$11,406$6,808$3,899$2,163$1,173$570
45 years$11,027$6,492$3,661$1,998$1,065$507
46 years$10,665$6,193$3,438$1,845$967$451
47 years$10,320$5,910$3,230$1,705$878$401
48 years$9,990$5,642$3,036$1,575$797$357
49 years$9,675$5,388$2,853$1,456$724$318
50 years$9,373$5,146$2,682$1,346$658$283

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $9,600,000, adding $6,944 every year, while hoping to spend $55,155 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: 47/28/25 Blend
73$9,600,000$9,600,000$9,600,000$9,600,000
74$10,586,363$10,077,563$9,928,763$11,007,925
75$11,607,487$10,512,679$10,202,692$11,739,996
76$12,730,918$10,967,267$10,483,949$12,528,187
77$13,967,032$11,442,223$10,772,721$13,382,669
78$15,327,262$11,938,486$11,069,201$14,309,690
79$16,824,207$12,457,036$11,373,584$15,316,113
80$18,471,748$12,998,902$11,686,070$16,409,483
81$20,285,180$13,565,162$12,006,867$17,598,090
82$22,281,355$14,156,941$12,336,183$18,891,049
83$24,478,843$14,775,421$12,674,235$20,298,381
84$26,898,105$15,421,837$13,021,243$21,831,103
85$29,561,689$16,097,484$13,377,431$23,501,332
86$32,494,437$16,803,717$13,743,031$25,322,393
87$35,723,726$17,541,955$14,118,279$27,308,943
88$39,279,720$18,313,685$14,503,415$29,477,104
89$43,195,658$19,120,463$14,898,687$31,844,614
90$47,508,169$19,963,919$15,304,347$34,430,989
91$52,257,613$20,845,761$15,720,652$37,257,699
92$57,488,463$21,767,778$16,147,868$40,348,375
93$63,249,728$22,731,841$16,586,264$43,729,019
94$69,595,412$23,739,912$17,036,115$47,428,250
95$76,585,023$24,794,047$17,497,704$51,477,566
96$84,284,137$25,896,397$17,971,319$55,911,638
97$92,765,016$27,049,217$18,457,254$60,768,632
98$102,107,286$28,254,867$18,955,811$66,090,563
99$112,398,696$29,515,822$19,467,297$71,923,682
100$123,735,938$30,834,673$19,992,027$78,318,916