Can I retire at age 74 with 9,800,000?

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 $9,800,000?

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$809,275$802,066$795,033$788,169$781,466$755,242
2 years$400,631$393,170$385,938$378,927$372,127$345,965
3 years$264,434$256,941$249,728$242,782$236,092$210,815
4 years$196,349$188,879$181,738$174,911$168,383$144,183
5 years$155,509$148,083$141,036$134,348$128,002$104,943
6 years$128,291$120,921$113,978$107,440$101,284$79,385
7 years$108,857$101,549$94,716$88,332$82,371$61,629
8 years$94,288$87,047$80,327$74,099$68,335$48,734
9 years$82,963$75,790$69,186$63,116$57,548$39,064
10 years$73,908$66,805$60,318$54,407$49,033$31,638
11 years$66,505$59,472$53,103$47,350$42,170$25,829
12 years$60,339$53,379$47,127$41,533$36,544$21,220
13 years$55,126$48,239$42,105$36,667$31,867$17,522
14 years$50,662$43,848$37,832$32,549$27,934$14,526
15 years$46,797$40,056$34,157$29,028$24,596$12,083
16 years$43,418$36,751$30,968$25,991$21,738$10,077
17 years$40,439$33,846$28,180$23,353$19,274$8,423
18 years$37,795$31,275$25,725$21,046$17,138$7,054
19 years$35,431$28,986$23,550$19,017$15,275$5,916
20 years$33,307$26,935$21,613$17,223$13,644$4,968
21 years$31,388$25,089$19,879$15,631$12,210$4,176
22 years$29,645$23,419$18,322$14,212$10,944$3,514
23 years$28,056$21,904$16,917$12,943$9,824$2,959
24 years$26,602$20,522$15,645$11,805$8,830$2,493
25 years$25,266$19,259$14,491$10,781$7,946$2,101
26 years$24,035$18,101$13,440$9,858$7,157$1,772
27 years$22,897$17,035$12,480$9,023$6,453$1,495
28 years$21,842$16,052$11,602$8,267$5,823$1,262
29 years$20,862$15,143$10,796$7,581$5,258$1,065
30 years$19,949$14,301$10,056$6,958$4,751$899
31 years$19,096$13,519$9,375$6,390$4,295$759
32 years$18,298$12,792$8,747$5,872$3,885$641
33 years$17,550$12,114$8,167$5,400$3,516$542
34 years$16,848$11,481$7,631$4,969$3,183$458
35 years$16,187$10,890$7,135$4,574$2,883$387
36 years$15,565$10,336$6,674$4,213$2,612$327
37 years$14,977$9,817$6,247$3,881$2,368$276
38 years$14,422$9,330$5,850$3,577$2,147$233
39 years$13,896$8,872$5,481$3,299$1,947$197
40 years$13,398$8,441$5,137$3,042$1,766$167
41 years$12,926$8,035$4,817$2,807$1,602$141
42 years$12,477$7,652$4,519$2,591$1,454$119
43 years$12,050$7,291$4,240$2,391$1,319$101
44 years$11,644$6,950$3,980$2,208$1,197$85
45 years$11,257$6,627$3,737$2,039$1,087$72
46 years$10,888$6,322$3,510$1,884$987$61
47 years$10,535$6,033$3,298$1,740$896$51
48 years$10,198$5,759$3,099$1,608$814$43
49 years$9,876$5,500$2,913$1,486$739$37
50 years$9,568$5,254$2,738$1,374$671$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $9,800,000, adding $2,331 every year, while hoping to spend $55,161 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: 70/6/24 Blend
73$9,800,000$9,800,000$9,800,000$9,800,000
74$10,802,004$10,282,604$10,130,704$11,492,475
75$11,845,118$10,727,761$10,411,392$12,399,806
76$12,992,780$11,192,882$10,699,634$13,386,035
77$14,255,597$11,678,886$10,995,625$14,464,336
78$15,645,255$12,186,738$11,299,565$15,643,833
79$17,174,628$12,717,446$11,611,658$16,934,573
80$18,857,904$13,272,065$11,932,113$18,347,618
81$20,710,716$13,851,701$12,261,144$19,895,150
82$22,750,287$14,457,513$12,598,971$21,590,584
83$24,995,598$15,090,713$12,945,818$23,448,691
84$27,467,561$15,752,570$13,301,915$25,485,742
85$30,189,221$16,444,414$13,667,497$27,719,655
86$33,185,969$17,167,638$14,042,805$30,170,165
87$36,485,784$17,923,698$14,428,086$32,859,009
88$40,119,498$18,714,124$14,823,591$35,810,127
89$44,121,085$19,540,514$15,229,579$39,049,893
90$48,527,979$20,404,542$15,646,314$42,607,355
91$53,381,433$21,307,965$16,074,065$46,514,513
92$58,726,902$22,252,618$16,513,109$50,806,615
93$64,614,477$23,240,427$16,963,729$55,522,493
94$71,099,353$24,273,408$17,426,214$60,704,923
95$78,242,354$25,353,672$17,900,859$66,401,032
96$86,110,504$26,483,432$18,387,968$72,662,735
97$94,777,659$27,665,004$18,887,848$79,547,229
98$104,325,206$28,900,815$19,400,817$87,117,527
99$114,842,830$30,193,408$19,927,197$95,443,052
100$126,429,360$31,545,446$20,467,320$104,600,291