Can I retire at age 74 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$776,243$769,329$762,583$755,999$749,569$744,845
2 years$384,279$377,122$370,186$363,461$356,938$352,173
3 years$253,641$246,453$239,535$232,873$226,456$221,797
4 years$188,335$181,169$174,320$167,772$161,510$156,994
5 years$149,162$142,039$135,279$128,865$122,778$118,417
6 years$123,055$115,985$109,326$103,054$97,150$92,950
7 years$104,414$97,404$90,850$84,727$79,009$74,972
8 years$90,440$83,494$77,048$71,075$65,545$61,672
9 years$79,577$72,696$66,362$60,540$55,199$51,488
10 years$70,892$64,078$57,856$52,186$47,032$43,482
11 years$63,790$57,045$50,935$45,418$40,449$37,057
12 years$57,876$51,201$45,204$39,837$35,052$31,815
13 years$52,876$46,270$40,386$35,170$30,566$27,481
14 years$48,594$42,058$36,287$31,220$26,794$23,857
15 years$44,887$38,421$32,763$27,843$23,592$20,799
16 years$41,646$35,251$29,704$24,930$20,850$18,198
17 years$38,789$32,465$27,030$22,400$18,487$15,971
18 years$36,252$29,999$24,675$20,187$16,438$14,054
19 years$33,985$27,802$22,588$18,240$14,652$12,395
20 years$31,948$25,835$20,730$16,520$13,087$10,953
21 years$30,106$24,065$19,068$14,993$11,712$9,695
22 years$28,435$22,463$17,574$13,632$10,498$8,595
23 years$26,911$21,010$16,227$12,415$9,423$7,630
24 years$25,516$19,685$15,007$11,323$8,470$6,780
25 years$24,235$18,473$13,899$10,341$7,622$6,032
26 years$23,054$17,362$12,891$9,455$6,865$5,371
27 years$21,962$16,339$11,970$8,655$6,190$4,786
28 years$20,951$15,397$11,128$7,930$5,585$4,268
29 years$20,010$14,525$10,356$7,272$5,043$3,808
30 years$19,134$13,717$9,646$6,674$4,557$3,400
31 years$18,317$12,967$8,993$6,129$4,120$3,036
32 years$17,551$12,270$8,390$5,633$3,727$2,713
33 years$16,834$11,620$7,834$5,180$3,373$2,426
34 years$16,160$11,013$7,320$4,766$3,054$2,169
35 years$15,527$10,445$6,843$4,387$2,766$1,940
36 years$14,929$9,914$6,402$4,041$2,506$1,736
37 years$14,366$9,416$5,992$3,723$2,271$1,554
38 years$13,833$8,949$5,611$3,431$2,059$1,391
39 years$13,329$8,509$5,257$3,164$1,867$1,245
40 years$12,851$8,096$4,927$2,918$1,694$1,115
41 years$12,398$7,707$4,620$2,692$1,536$999
42 years$11,968$7,340$4,334$2,485$1,394$895
43 years$11,558$6,993$4,067$2,294$1,265$802
44 years$11,169$6,666$3,818$2,118$1,149$718
45 years$10,797$6,357$3,585$1,956$1,043$644
46 years$10,443$6,064$3,367$1,807$947$577
47 years$10,105$5,787$3,163$1,669$860$517
48 years$9,782$5,524$2,972$1,542$781$463
49 years$9,473$5,275$2,794$1,425$709$415
50 years$9,178$5,039$2,627$1,318$644$372

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $9,400,000, adding $5,557 every year, while hoping to spend $33,415 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: 63/12/25 Blend
73$9,400,000$9,400,000$9,400,000$9,400,000
74$10,364,532$9,866,332$9,720,632$10,948,772
75$11,386,161$10,314,229$10,010,720$11,792,623
76$12,510,876$10,782,953$10,309,406$12,709,731
77$13,749,157$11,273,489$10,616,942$13,710,719
78$15,112,551$11,786,870$10,933,590$14,803,801
79$16,613,782$12,324,178$11,259,616$15,998,015
80$18,266,871$12,886,545$11,595,296$17,303,311
81$20,087,267$13,475,161$11,940,914$18,730,635
82$22,091,994$14,091,270$12,296,761$20,292,041
83$24,299,813$14,736,177$12,663,137$22,000,793
84$26,731,393$15,411,250$13,040,351$23,871,496
85$29,409,514$16,117,920$13,428,722$25,920,225
86$32,359,276$16,857,690$13,828,576$28,164,682
87$35,608,339$17,632,133$14,240,250$30,624,353
88$39,187,181$18,442,899$14,664,090$33,320,696
89$43,129,389$19,291,717$15,100,453$36,277,340
90$47,471,973$20,180,397$15,549,704$39,520,301
91$52,255,718$21,110,840$16,012,223$43,078,231
92$57,525,565$22,085,035$16,488,396$46,982,682
93$63,331,039$23,105,069$16,978,624$51,268,404
94$69,726,715$24,173,126$17,483,317$55,973,666
95$76,772,730$25,291,500$18,002,899$61,140,619
96$84,535,356$26,462,591$18,537,804$66,815,687
97$93,087,623$27,688,918$19,088,480$73,050,003
98$102,510,004$28,973,119$19,655,388$79,899,889
99$112,891,183$30,317,961$20,239,002$87,427,386
100$124,328,885$31,726,342$20,839,810$95,700,831