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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.1%
1 years$809,275$802,066$795,033$788,169$781,466$774,595
2 years$400,631$393,170$385,938$378,927$372,127$365,203
3 years$264,434$256,941$249,728$242,782$236,092$229,330
4 years$196,349$188,879$181,738$174,911$168,383$161,835
5 years$155,509$148,083$141,036$134,348$128,002$121,687
6 years$128,291$120,921$113,978$107,440$101,284$95,209
7 years$108,857$101,549$94,716$88,332$82,371$76,540
8 years$94,288$87,047$80,327$74,099$68,335$62,747
9 years$82,963$75,790$69,186$63,116$57,548$52,202
10 years$73,908$66,805$60,318$54,407$49,033$43,927
11 years$66,505$59,472$53,103$47,350$42,170$37,298
12 years$60,339$53,379$47,127$41,533$36,544$31,902
13 years$55,126$48,239$42,105$36,667$31,867$27,450
14 years$50,662$43,848$37,832$32,549$27,934$23,737
15 years$46,797$40,056$34,157$29,028$24,596$20,611
16 years$43,418$36,751$30,968$25,991$21,738$17,960
17 years$40,439$33,846$28,180$23,353$19,274$15,697
18 years$37,795$31,275$25,725$21,046$17,138$13,754
19 years$35,431$28,986$23,550$19,017$15,275$12,078
20 years$33,307$26,935$21,613$17,223$13,644$10,627
21 years$31,388$25,089$19,879$15,631$12,210$9,365
22 years$29,645$23,419$18,322$14,212$10,944$8,265
23 years$28,056$21,904$16,917$12,943$9,824$7,303
24 years$26,602$20,522$15,645$11,805$8,830$6,461
25 years$25,266$19,259$14,491$10,781$7,946$5,721
26 years$24,035$18,101$13,440$9,858$7,157$5,070
27 years$22,897$17,035$12,480$9,023$6,453$4,496
28 years$21,842$16,052$11,602$8,267$5,823$3,990
29 years$20,862$15,143$10,796$7,581$5,258$3,543
30 years$19,949$14,301$10,056$6,958$4,751$3,148
31 years$19,096$13,519$9,375$6,390$4,295$2,798
32 years$18,298$12,792$8,747$5,872$3,885$2,488
33 years$17,550$12,114$8,167$5,400$3,516$2,213
34 years$16,848$11,481$7,631$4,969$3,183$1,969
35 years$16,187$10,890$7,135$4,574$2,883$1,753
36 years$15,565$10,336$6,674$4,213$2,612$1,560
37 years$14,977$9,817$6,247$3,881$2,368$1,389
38 years$14,422$9,330$5,850$3,577$2,147$1,237
39 years$13,896$8,872$5,481$3,299$1,947$1,102
40 years$13,398$8,441$5,137$3,042$1,766$982
41 years$12,926$8,035$4,817$2,807$1,602$875
42 years$12,477$7,652$4,519$2,591$1,454$780
43 years$12,050$7,291$4,240$2,391$1,319$695
44 years$11,644$6,950$3,980$2,208$1,197$620
45 years$11,257$6,627$3,737$2,039$1,087$552
46 years$10,888$6,322$3,510$1,884$987$492
47 years$10,535$6,033$3,298$1,740$896$439
48 years$10,198$5,759$3,099$1,608$814$391
49 years$9,876$5,500$2,913$1,486$739$349
50 years$9,568$5,254$2,738$1,374$671$311

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 $2,291 every year, while hoping to spend $42,465 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: 65/12/23 Blend
73$9,800,000$9,800,000$9,800,000$9,800,000
74$10,801,963$10,282,563$10,130,663$11,439,736
75$11,858,581$10,741,226$10,424,858$12,328,057
76$13,021,551$11,220,941$10,727,485$13,293,529
77$14,301,675$11,722,693$11,038,782$14,347,756
78$15,710,858$12,247,517$11,358,993$15,499,456
79$17,262,215$12,796,495$11,688,369$16,758,217
80$18,970,200$13,370,762$12,027,168$18,134,598
81$20,850,737$13,971,506$12,375,655$19,640,219
82$22,921,374$14,599,972$12,734,102$21,287,869
83$25,201,448$15,257,465$13,102,788$23,091,631
84$27,712,266$15,945,351$13,482,002$25,067,008
85$30,477,306$16,665,061$13,872,037$27,231,067
86$33,522,439$17,418,097$14,273,198$29,602,600
87$36,876,173$18,206,030$14,685,796$32,202,302
88$40,569,924$19,030,506$15,110,151$35,052,957
89$44,638,307$19,893,252$15,546,592$38,179,656
90$49,119,468$20,796,075$15,995,457$41,610,032
91$54,055,441$21,740,870$16,457,092$45,374,515
92$59,492,546$22,729,622$16,931,854$49,506,617
93$65,481,824$23,764,412$17,420,110$54,043,250
94$72,079,521$24,847,420$17,922,235$59,025,066
95$79,347,618$25,980,929$18,438,615$64,496,841
96$87,354,414$27,167,333$18,969,648$70,507,894
97$96,175,174$28,409,142$19,515,740$77,112,550
98$105,892,835$29,708,983$20,077,311$84,370,647
99$116,598,793$31,069,612$20,654,790$92,348,103
100$128,393,762$32,493,916$21,248,618$101,117,526