Can I retire at age 74 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$668,890$662,932$657,119$651,446$645,905$631,574
2 years$331,134$324,967$318,990$313,195$307,574$293,210
3 years$218,563$212,369$206,408$200,667$195,138$181,189
4 years$162,289$156,114$150,212$144,569$139,174$125,749
5 years$128,533$122,395$116,571$111,043$105,798$92,933
6 years$106,036$99,945$94,206$88,802$83,714$71,424
7 years$89,974$83,934$78,286$73,009$68,082$56,369
8 years$77,932$71,947$66,393$61,245$56,481$45,340
9 years$68,572$62,642$57,184$52,168$47,565$36,988
10 years$61,087$55,216$49,854$44,969$40,528$30,504
11 years$54,968$49,156$43,891$39,136$34,855$25,372
12 years$49,872$44,120$38,952$34,328$30,205$21,246
13 years$45,564$39,871$34,801$30,306$26,339$17,889
14 years$41,874$36,242$31,269$26,903$23,089$15,131
15 years$38,679$33,108$28,232$23,992$20,329$12,845
16 years$35,886$30,376$25,596$21,483$17,967$10,938
17 years$33,424$27,975$23,291$19,302$15,931$9,338
18 years$31,239$25,850$21,262$17,395$14,165$7,990
19 years$29,285$23,957$19,464$15,718$12,625$6,848
20 years$27,529$22,262$17,863$14,236$11,277$5,879
21 years$25,943$20,737$16,431$12,920$10,092$5,054
22 years$24,502$19,357$15,144$11,747$9,046$4,349
23 years$23,189$18,104$13,983$10,698$8,120$3,747
24 years$21,987$16,962$12,931$9,757$7,299$3,230
25 years$20,883$15,918$11,977$8,911$6,568$2,787
26 years$19,866$14,961$11,108$8,148$5,916$2,405
27 years$18,925$14,080$10,315$7,458$5,334$2,078
28 years$18,053$13,267$9,589$6,833$4,813$1,795
29 years$17,243$12,516$8,923$6,266$4,346$1,552
30 years$16,488$11,820$8,312$5,751$3,927$1,342
31 years$15,783$11,174$7,749$5,281$3,550$1,161
32 years$15,124$10,573$7,230$4,854$3,211$1,004
33 years$14,506$10,013$6,751$4,463$2,906$869
34 years$13,925$9,490$6,307$4,107$2,631$752
35 years$13,379$9,001$5,897$3,781$2,383$651
36 years$12,865$8,543$5,516$3,482$2,159$564
37 years$12,379$8,114$5,163$3,208$1,957$488
38 years$11,920$7,711$4,835$2,957$1,774$423
39 years$11,486$7,333$4,530$2,726$1,609$366
40 years$11,074$6,976$4,246$2,515$1,459$317
41 years$10,683$6,641$3,981$2,320$1,324$275
42 years$10,312$6,325$3,735$2,141$1,201$238
43 years$9,960$6,026$3,504$1,977$1,090$206
44 years$9,624$5,744$3,290$1,825$990$179
45 years$9,304$5,477$3,089$1,685$898$155
46 years$8,999$5,225$2,901$1,557$816$134
47 years$8,708$4,987$2,726$1,438$741$116
48 years$8,429$4,760$2,561$1,329$673$101
49 years$8,163$4,546$2,407$1,228$611$87
50 years$7,908$4,342$2,263$1,135$555$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $8,100,000, adding $6,724 every year, while hoping to spend $50,746 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: 32/38/30 Blend
73$8,100,000$8,100,000$8,100,000$8,100,000
74$8,933,136$8,503,836$8,378,286$9,137,242
75$9,790,322$8,866,530$8,604,965$9,658,115
76$10,733,241$9,245,296$8,837,537$10,213,823
77$11,770,583$9,640,867$9,076,146$10,811,402
78$12,911,924$10,054,012$9,320,939$11,454,581
79$14,167,816$10,485,533$9,572,066$12,147,448
80$15,549,883$10,936,274$9,829,680$12,894,486
81$17,070,935$11,407,116$10,093,938$13,700,612
82$18,745,085$11,898,979$10,365,000$14,571,219
83$20,587,886$12,412,831$10,643,029$15,512,229
84$22,616,472$12,949,682$10,928,193$16,530,137
85$24,849,726$13,510,590$11,220,661$17,632,079
86$27,308,453$14,096,664$11,520,608$18,825,886
87$30,015,577$14,709,062$11,828,210$20,120,159
88$32,996,361$15,349,001$12,143,650$21,524,348
89$36,278,639$16,017,751$12,467,111$23,048,833
90$39,893,084$16,716,645$12,798,783$24,705,020
91$43,873,494$17,447,076$13,138,858$26,505,442
92$48,257,112$18,210,505$13,487,532$28,463,877
93$53,084,978$19,008,460$13,845,004$30,595,468
94$58,402,314$19,842,542$14,211,480$32,916,863
95$64,258,952$20,714,429$14,587,166$35,446,369
96$70,709,804$21,625,875$14,972,276$38,204,115
97$77,815,382$22,578,721$15,367,025$41,212,241
98$85,642,363$23,574,890$15,771,632$44,495,096
99$94,264,225$24,616,401$16,186,324$48,079,464
100$103,761,938$25,705,366$16,611,327$51,994,813