Can I retire at age 74 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$817,533$810,251$803,146$796,211$789,440$771,295
2 years$404,719$397,182$389,877$382,794$375,924$357,744
3 years$267,133$259,563$252,276$245,260$238,501$220,854
4 years$198,353$190,806$183,592$176,696$170,101$153,122
5 years$157,096$149,594$142,475$135,719$129,308$113,045
6 years$129,600$122,155$115,141$108,536$102,317$86,786
7 years$109,968$102,586$95,683$89,233$83,211$68,415
8 years$95,251$87,935$81,147$74,856$69,032$54,965
9 years$83,810$76,563$69,892$63,760$58,135$44,787
10 years$74,662$67,487$60,933$54,962$49,534$36,890
11 years$67,183$60,079$53,644$47,833$42,601$30,644
12 years$60,955$53,924$47,608$41,956$36,917$25,628
13 years$55,689$48,731$42,535$37,041$32,192$21,550
14 years$51,179$44,296$38,218$32,881$28,219$18,202
15 years$47,274$40,465$34,505$29,324$24,847$15,431
16 years$43,861$37,126$31,284$26,257$21,960$13,121
17 years$40,852$34,191$28,467$23,591$19,471$11,186
18 years$38,180$31,594$25,987$21,261$17,313$9,556
19 years$35,793$29,281$23,790$19,211$15,431$8,179
20 years$33,647$27,210$21,833$17,399$13,783$7,011
21 years$31,708$25,345$20,082$15,791$12,335$6,018
22 years$29,947$23,658$18,509$14,357$11,056$5,171
23 years$28,342$22,127$17,090$13,076$9,925$4,447
24 years$26,873$20,732$15,805$11,926$8,920$3,828
25 years$25,524$19,456$14,639$10,891$8,027$3,297
26 years$24,280$18,285$13,577$9,958$7,231$2,842
27 years$23,131$17,209$12,607$9,115$6,519$2,450
28 years$22,065$16,216$11,720$8,351$5,882$2,114
29 years$21,075$15,297$10,906$7,658$5,311$1,824
30 years$20,152$14,447$10,159$7,029$4,799$1,575
31 years$19,291$13,657$9,471$6,455$4,339$1,360
32 years$18,485$12,922$8,836$5,932$3,925$1,175
33 years$17,729$12,238$8,251$5,455$3,552$1,015
34 years$17,020$11,599$7,709$5,019$3,216$877
35 years$16,352$11,001$7,207$4,621$2,913$758
36 years$15,723$10,442$6,742$4,255$2,639$655
37 years$15,130$9,917$6,311$3,921$2,392$566
38 years$14,569$9,425$5,910$3,614$2,169$489
39 years$14,038$8,962$5,537$3,332$1,966$423
40 years$13,535$8,527$5,190$3,074$1,784$366
41 years$13,058$8,117$4,866$2,836$1,618$316
42 years$12,604$7,730$4,565$2,617$1,468$274
43 years$12,173$7,365$4,283$2,416$1,333$237
44 years$11,763$7,020$4,021$2,231$1,210$205
45 years$11,372$6,695$3,775$2,060$1,098$177
46 years$10,999$6,386$3,546$1,903$997$153
47 years$10,643$6,095$3,331$1,758$905$132
48 years$10,302$5,818$3,130$1,624$822$114
49 years$9,977$5,556$2,942$1,501$747$99
50 years$9,666$5,307$2,766$1,388$678$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $9,900,000, adding $2,492 every year, while hoping to spend $37,377 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: 52/36/12 Blend
73$9,900,000$9,900,000$9,900,000$9,900,000
74$10,912,370$10,387,670$10,234,220$11,445,081
75$11,985,663$10,856,898$10,537,298$12,278,070
76$13,167,180$11,347,864$10,849,276$13,179,319
77$14,467,918$11,861,596$11,170,413$14,158,624
78$15,899,999$12,399,167$11,500,975$15,223,368
79$17,476,778$12,961,705$11,841,236$16,381,664
80$19,212,969$13,550,389$12,191,478$17,642,425
81$21,124,790$14,166,455$12,551,990$19,015,446
82$23,230,107$14,811,200$12,923,070$20,511,492
83$25,548,610$15,485,981$13,305,025$22,142,398
84$28,101,994$16,192,221$13,698,170$23,921,171
85$30,914,168$16,931,410$14,102,830$25,862,117
86$34,011,476$17,705,111$14,519,337$27,980,961
87$37,422,947$18,514,962$14,948,035$30,295,001
88$41,180,570$19,362,678$15,389,277$32,823,260
89$45,319,596$20,250,057$15,843,425$35,586,661
90$49,878,869$21,178,984$16,310,854$38,608,221
91$54,901,193$22,151,434$16,791,947$41,913,264
92$60,433,737$23,169,476$17,287,099$45,529,648
93$66,528,477$24,235,279$17,796,716$49,488,030
94$73,242,692$25,351,118$18,321,216$53,822,141
95$80,639,498$26,519,375$18,861,029$58,569,103
96$88,788,449$27,742,546$19,416,596$63,769,772
97$97,766,191$29,023,251$19,988,371$69,469,114
98$107,657,184$30,364,231$20,576,823$75,716,621
99$118,554,501$31,768,364$21,182,431$82,566,775
100$130,560,708$33,238,661$21,805,691$90,079,548