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%19.9%
1 years$809,275$802,066$795,033$788,169$781,466$750,460
2 years$400,631$393,170$385,938$378,927$372,127$341,273
3 years$264,434$256,941$249,728$242,782$236,092$206,363
4 years$196,349$188,879$181,738$174,911$168,383$140,004
5 years$155,509$148,083$141,036$134,348$128,002$101,045
6 years$128,291$120,921$113,978$107,440$101,284$75,766
7 years$108,857$101,549$94,716$88,332$82,371$58,283
8 years$94,288$87,047$80,327$74,099$68,335$45,653
9 years$82,963$75,790$69,186$63,116$57,548$36,237
10 years$73,908$66,805$60,318$54,407$49,033$29,053
11 years$66,505$59,472$53,103$47,350$42,170$23,473
12 years$60,339$53,379$47,127$41,533$36,544$19,079
13 years$55,126$48,239$42,105$36,667$31,867$15,582
14 years$50,662$43,848$37,832$32,549$27,934$12,775
15 years$46,797$40,056$34,157$29,028$24,596$10,506
16 years$43,418$36,751$30,968$25,991$21,738$8,661
17 years$40,439$33,846$28,180$23,353$19,274$7,154
18 years$37,795$31,275$25,725$21,046$17,138$5,920
19 years$35,431$28,986$23,550$19,017$15,275$4,905
20 years$33,307$26,935$21,613$17,223$13,644$4,069
21 years$31,388$25,089$19,879$15,631$12,210$3,378
22 years$29,645$23,419$18,322$14,212$10,944$2,807
23 years$28,056$21,904$16,917$12,943$9,824$2,334
24 years$26,602$20,522$15,645$11,805$8,830$1,941
25 years$25,266$19,259$14,491$10,781$7,946$1,616
26 years$24,035$18,101$13,440$9,858$7,157$1,345
27 years$22,897$17,035$12,480$9,023$6,453$1,120
28 years$21,842$16,052$11,602$8,267$5,823$933
29 years$20,862$15,143$10,796$7,581$5,258$777
30 years$19,949$14,301$10,056$6,958$4,751$648
31 years$19,096$13,519$9,375$6,390$4,295$540
32 years$18,298$12,792$8,747$5,872$3,885$450
33 years$17,550$12,114$8,167$5,400$3,516$375
34 years$16,848$11,481$7,631$4,969$3,183$313
35 years$16,187$10,890$7,135$4,574$2,883$261
36 years$15,565$10,336$6,674$4,213$2,612$217
37 years$14,977$9,817$6,247$3,881$2,368$181
38 years$14,422$9,330$5,850$3,577$2,147$151
39 years$13,896$8,872$5,481$3,299$1,947$126
40 years$13,398$8,441$5,137$3,042$1,766$105
41 years$12,926$8,035$4,817$2,807$1,602$88
42 years$12,477$7,652$4,519$2,591$1,454$73
43 years$12,050$7,291$4,240$2,391$1,319$61
44 years$11,644$6,950$3,980$2,208$1,197$51
45 years$11,257$6,627$3,737$2,039$1,087$42
46 years$10,888$6,322$3,510$1,884$987$35
47 years$10,535$6,033$3,298$1,740$896$29
48 years$10,198$5,759$3,099$1,608$814$25
49 years$9,876$5,500$2,913$1,486$739$21
50 years$9,568$5,254$2,738$1,374$671$17

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 $4,051 every year, while hoping to spend $28,114 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: 38/42/20 Blend
73$9,800,000$9,800,000$9,800,000$9,800,000
74$10,803,779$10,284,379$10,132,479$11,149,389
75$11,875,851$10,758,400$10,442,004$11,873,405
76$13,056,332$11,254,706$10,760,955$12,652,395
77$14,356,251$11,774,360$11,089,620$13,493,697
78$15,787,759$12,318,473$11,428,292$14,402,951
79$17,364,246$12,888,215$11,777,276$15,386,341
80$19,100,469$13,484,806$12,136,884$16,450,649
81$21,012,685$14,109,531$12,507,439$17,603,316
82$23,118,813$14,763,732$12,889,272$18,852,506
83$25,438,596$15,448,818$13,282,726$20,207,178
84$27,993,788$16,166,266$13,688,153$21,677,165
85$30,808,364$16,917,623$14,105,916$23,273,264
86$33,908,743$17,704,512$14,536,390$25,007,329
87$37,324,034$18,528,633$14,979,958$26,892,381
88$41,086,318$19,391,768$15,437,020$28,942,720
89$45,230,945$20,295,787$15,907,982$31,174,058
90$49,796,870$21,242,649$16,393,268$33,603,657
91$54,827,018$22,234,406$16,893,310$36,250,488
92$60,368,694$23,273,212$17,408,555$39,135,401
93$66,474,024$24,361,323$17,939,465$42,281,314
94$73,200,451$25,501,104$18,486,514$45,713,421
95$80,611,275$26,695,036$19,050,190$49,459,424
96$88,776,251$27,945,719$19,630,998$53,549,784
97$97,772,247$29,255,878$20,229,455$58,017,998
98$107,683,971$30,628,371$20,846,096$62,900,907
99$118,604,768$32,066,192$21,481,472$68,239,034
100$130,637,502$33,572,484$22,136,150$74,076,957