Can I retire at age 74 with 9,300,000?

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 $9,300,000?

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 years$767,985$761,144$754,470$747,956$741,595$735,381
2 years$380,191$373,110$366,248$359,594$353,141$346,878
3 years$250,943$243,832$236,987$230,396$224,047$217,930
4 years$186,331$179,242$172,466$165,987$159,792$153,867
5 years$147,575$140,528$133,840$127,494$121,471$115,756
6 years$121,745$114,752$108,163$101,958$96,116$90,618
7 years$103,303$96,368$89,884$83,825$78,168$72,889
8 years$89,478$82,605$76,229$70,319$64,848$59,789
9 years$78,730$71,923$65,656$59,896$54,611$49,770
10 years$70,137$63,396$57,240$51,631$46,532$41,905
11 years$63,111$56,438$50,393$44,934$40,019$35,604
12 years$57,261$50,656$44,723$39,414$34,679$30,472
13 years$52,314$45,778$39,957$34,796$30,241$26,236
14 years$48,077$41,611$35,901$30,888$26,509$22,702
15 years$44,409$38,012$32,414$27,547$23,341$19,726
16 years$41,203$34,876$29,388$24,665$20,629$17,201
17 years$38,376$32,119$26,742$22,162$18,291$15,043
18 years$35,867$29,680$24,412$19,972$16,263$13,191
19 years$33,624$27,507$22,348$18,046$14,496$11,592
20 years$31,608$25,561$20,510$16,344$12,948$10,206
21 years$29,786$23,809$18,865$14,834$11,587$9,001
22 years$28,132$22,225$17,387$13,487$10,386$7,950
23 years$26,625$20,786$16,054$12,283$9,323$7,030
24 years$25,245$19,475$14,847$11,203$8,380$6,224
25 years$23,977$18,277$13,752$10,231$7,541$5,515
26 years$22,809$17,177$12,754$9,355$6,792$4,892
27 years$21,729$16,166$11,843$8,563$6,124$4,342
28 years$20,728$15,233$11,010$7,845$5,526$3,856
29 years$19,797$14,370$10,245$7,194$4,990$3,427
30 years$18,931$13,571$9,543$6,603$4,508$3,047
31 years$18,122$12,829$8,897$6,064$4,076$2,711
32 years$17,365$12,139$8,301$5,573$3,687$2,412
33 years$16,655$11,496$7,751$5,125$3,337$2,148
34 years$15,988$10,896$7,242$4,715$3,021$1,912
35 years$15,361$10,334$6,771$4,341$2,736$1,704
36 years$14,771$9,809$6,334$3,998$2,479$1,518
37 years$14,213$9,316$5,928$3,683$2,247$1,353
38 years$13,686$8,854$5,551$3,395$2,037$1,206
39 years$13,187$8,419$5,201$3,130$1,847$1,075
40 years$12,715$8,010$4,875$2,887$1,676$959
41 years$12,266$7,625$4,571$2,664$1,520$855
42 years$11,840$7,261$4,288$2,458$1,379$763
43 years$11,435$6,919$4,024$2,269$1,252$680
44 years$11,050$6,595$3,777$2,095$1,136$607
45 years$10,682$6,289$3,546$1,935$1,032$541
46 years$10,332$5,999$3,331$1,788$937$483
47 years$9,998$5,725$3,129$1,651$850$431
48 years$9,678$5,466$2,941$1,526$772$385
49 years$9,372$5,219$2,764$1,410$701$343
50 years$9,080$4,986$2,599$1,304$637$306

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $9,300,000, adding $5,225 every year, while hoping to spend $51,361 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: 51/36/13 Blend
73$9,300,000$9,300,000$9,300,000$9,300,000
74$10,253,990$9,761,090$9,616,940$10,740,810
75$11,245,249$10,184,735$9,884,459$11,498,289
76$12,335,895$10,627,418$10,159,220$12,315,472
77$13,536,012$11,090,017$10,441,409$13,202,702
78$14,856,709$11,573,451$10,731,220$14,166,598
79$16,310,227$12,078,685$11,028,850$15,214,429
80$17,910,056$12,606,726$11,334,502$16,354,184
81$19,671,057$13,158,631$11,648,383$17,594,644
82$21,609,607$13,735,506$11,970,706$18,945,458
83$23,743,751$14,338,510$12,301,688$20,417,235
84$26,093,370$14,968,854$12,641,552$22,021,637
85$28,680,375$15,627,809$12,990,525$23,771,488
86$31,528,908$16,316,706$13,348,842$25,680,890
87$34,665,569$17,036,937$13,716,741$27,765,353
88$38,119,673$17,789,962$14,094,467$30,041,935
89$41,923,519$18,577,310$14,482,271$32,529,401
90$46,112,699$19,400,580$14,880,409$35,248,392
91$50,726,435$20,261,449$15,289,143$38,221,621
92$55,807,945$21,161,673$15,708,743$41,474,076
93$61,404,852$22,103,092$16,139,483$45,033,255
94$67,569,635$23,087,631$16,581,644$48,929,418
95$74,360,123$24,117,311$17,035,514$53,195,865
96$81,840,040$25,194,243$17,501,388$57,869,250
97$90,079,607$26,320,644$17,979,567$62,989,916
98$99,156,204$27,498,833$18,470,360$68,602,268
99$109,155,101$28,731,239$18,974,081$74,755,192
100$120,170,262$30,020,411$19,491,053$81,502,501