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%13.5%
1 years$809,275$802,066$795,033$788,169$781,466$770,106
2 years$400,631$393,170$385,938$378,927$372,127$360,705
3 years$264,434$256,941$249,728$242,782$236,092$224,965
4 years$196,349$188,879$181,738$174,911$168,383$157,635
5 years$155,509$148,083$141,036$134,348$128,002$117,665
6 years$128,291$120,921$113,978$107,440$101,284$91,370
7 years$108,857$101,549$94,716$88,332$82,371$72,883
8 years$94,288$87,047$80,327$74,099$68,335$59,272
9 years$82,963$75,790$69,186$63,116$57,548$48,906
10 years$73,908$66,805$60,318$54,407$49,033$40,806
11 years$66,505$59,472$53,103$47,350$42,170$34,348
12 years$60,339$53,379$47,127$41,533$36,544$29,119
13 years$55,126$48,239$42,105$36,667$31,867$24,828
14 years$50,662$43,848$37,832$32,549$27,934$21,271
15 years$46,797$40,056$34,157$29,028$24,596$18,296
16 years$43,418$36,751$30,968$25,991$21,738$15,789
17 years$40,439$33,846$28,180$23,353$19,274$13,664
18 years$37,795$31,275$25,725$21,046$17,138$11,854
19 years$35,431$28,986$23,550$19,017$15,275$10,304
20 years$33,307$26,935$21,613$17,223$13,644$8,973
21 years$31,388$25,089$19,879$15,631$12,210$7,825
22 years$29,645$23,419$18,322$14,212$10,944$6,833
23 years$28,056$21,904$16,917$12,943$9,824$5,974
24 years$26,602$20,522$15,645$11,805$8,830$5,227
25 years$25,266$19,259$14,491$10,781$7,946$4,578
26 years$24,035$18,101$13,440$9,858$7,157$4,013
27 years$22,897$17,035$12,480$9,023$6,453$3,519
28 years$21,842$16,052$11,602$8,267$5,823$3,088
29 years$20,862$15,143$10,796$7,581$5,258$2,711
30 years$19,949$14,301$10,056$6,958$4,751$2,381
31 years$19,096$13,519$9,375$6,390$4,295$2,093
32 years$18,298$12,792$8,747$5,872$3,885$1,839
33 years$17,550$12,114$8,167$5,400$3,516$1,617
34 years$16,848$11,481$7,631$4,969$3,183$1,422
35 years$16,187$10,890$7,135$4,574$2,883$1,251
36 years$15,565$10,336$6,674$4,213$2,612$1,101
37 years$14,977$9,817$6,247$3,881$2,368$968
38 years$14,422$9,330$5,850$3,577$2,147$852
39 years$13,896$8,872$5,481$3,299$1,947$750
40 years$13,398$8,441$5,137$3,042$1,766$660
41 years$12,926$8,035$4,817$2,807$1,602$581
42 years$12,477$7,652$4,519$2,591$1,454$512
43 years$12,050$7,291$4,240$2,391$1,319$451
44 years$11,644$6,950$3,980$2,208$1,197$397
45 years$11,257$6,627$3,737$2,039$1,087$350
46 years$10,888$6,322$3,510$1,884$987$308
47 years$10,535$6,033$3,298$1,740$896$271
48 years$10,198$5,759$3,099$1,608$814$239
49 years$9,876$5,500$2,913$1,486$739$210
50 years$9,568$5,254$2,738$1,374$671$185

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 $4,133 every year, while hoping to spend $23,394 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: 80/12/8 Blend
73$9,800,000$9,800,000$9,800,000$9,800,000
74$10,803,863$10,284,463$10,132,563$11,656,670
75$11,880,966$10,763,511$10,447,113$12,695,182
76$13,067,150$11,265,248$10,771,416$13,830,964
77$14,373,515$11,790,761$11,105,775$15,076,525
78$15,812,295$12,341,190$11,450,500$16,442,819
79$17,396,971$12,917,730$11,805,913$17,941,907
80$19,142,396$13,521,632$12,172,345$19,587,069
81$21,064,938$14,154,211$12,550,137$21,392,930
82$23,182,636$14,816,841$12,939,640$23,375,593
83$25,515,364$15,510,965$13,341,218$25,552,793
84$28,085,026$16,238,097$13,755,243$27,944,061
85$30,915,757$16,999,822$14,182,102$30,570,905
86$34,034,153$17,797,803$14,622,191$33,457,016
87$37,469,523$18,633,781$15,075,921$36,628,485
88$41,254,163$19,509,585$15,543,713$40,114,049
89$45,423,662$20,427,130$16,026,002$43,945,362
90$50,017,241$21,388,424$16,523,238$48,157,289
91$55,078,115$22,395,573$17,035,883$52,788,234
92$60,653,912$23,450,784$17,564,413$57,880,501
93$66,797,111$24,556,373$18,109,321$63,480,690
94$73,565,546$25,714,765$18,671,113$69,640,133
95$81,022,948$26,928,505$19,250,312$76,415,380
96$89,239,547$28,200,260$19,847,456$83,868,725
97$98,292,735$29,532,827$20,463,100$92,068,797
98$108,267,797$30,929,139$21,097,817$101,091,198
99$119,258,716$32,392,270$21,752,197$111,019,219
100$131,369,058$33,925,444$22,426,849$121,944,621