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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$668,890$662,932$657,119$651,446$645,905$641,297
2 years$331,134$324,967$318,990$313,195$307,574$302,927
3 years$218,563$212,369$206,408$200,667$195,138$190,596
4 years$162,289$156,114$150,212$144,569$139,174$134,773
5 years$128,533$122,395$116,571$111,043$105,798$101,550
6 years$106,036$99,945$94,206$88,802$83,714$79,625
7 years$89,974$83,934$78,286$73,009$68,082$64,154
8 years$77,932$71,947$66,393$61,245$56,481$52,713
9 years$68,572$62,642$57,184$52,168$47,565$43,957
10 years$61,087$55,216$49,854$44,969$40,528$37,077
11 years$54,968$49,156$43,891$39,136$34,855$31,560
12 years$49,872$44,120$38,952$34,328$30,205$27,062
13 years$45,564$39,871$34,801$30,306$26,339$23,346
14 years$41,874$36,242$31,269$26,903$23,089$20,241
15 years$38,679$33,108$28,232$23,992$20,329$17,623
16 years$35,886$30,376$25,596$21,483$17,967$15,398
17 years$33,424$27,975$23,291$19,302$15,931$13,495
18 years$31,239$25,850$21,262$17,395$14,165$11,858
19 years$29,285$23,957$19,464$15,718$12,625$10,443
20 years$27,529$22,262$17,863$14,236$11,277$9,215
21 years$25,943$20,737$16,431$12,920$10,092$8,145
22 years$24,502$19,357$15,144$11,747$9,046$7,210
23 years$23,189$18,104$13,983$10,698$8,120$6,390
24 years$21,987$16,962$12,931$9,757$7,299$5,670
25 years$20,883$15,918$11,977$8,911$6,568$5,037
26 years$19,866$14,961$11,108$8,148$5,916$4,477
27 years$18,925$14,080$10,315$7,458$5,334$3,984
28 years$18,053$13,267$9,589$6,833$4,813$3,547
29 years$17,243$12,516$8,923$6,266$4,346$3,159
30 years$16,488$11,820$8,312$5,751$3,927$2,816
31 years$15,783$11,174$7,749$5,281$3,550$2,511
32 years$15,124$10,573$7,230$4,854$3,211$2,240
33 years$14,506$10,013$6,751$4,463$2,906$1,999
34 years$13,925$9,490$6,307$4,107$2,631$1,785
35 years$13,379$9,001$5,897$3,781$2,383$1,594
36 years$12,865$8,543$5,516$3,482$2,159$1,424
37 years$12,379$8,114$5,163$3,208$1,957$1,272
38 years$11,920$7,711$4,835$2,957$1,774$1,137
39 years$11,486$7,333$4,530$2,726$1,609$1,016
40 years$11,074$6,976$4,246$2,515$1,459$909
41 years$10,683$6,641$3,981$2,320$1,324$812
42 years$10,312$6,325$3,735$2,141$1,201$726
43 years$9,960$6,026$3,504$1,977$1,090$650
44 years$9,624$5,744$3,290$1,825$990$581
45 years$9,304$5,477$3,089$1,685$898$520
46 years$8,999$5,225$2,901$1,557$816$465
47 years$8,708$4,987$2,726$1,438$741$416
48 years$8,429$4,760$2,561$1,329$673$372
49 years$8,163$4,546$2,407$1,228$611$333
50 years$7,908$4,342$2,263$1,135$555$298

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 $2,743 every year, while hoping to spend $58,280 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: 63/16/21 Blend
73$8,100,000$8,100,000$8,100,000$8,100,000
74$8,929,029$8,499,729$8,374,179$9,442,929
75$9,777,781$8,854,207$8,592,705$10,144,237
76$10,711,152$9,224,100$8,816,598$10,903,069
77$11,737,712$9,610,103$9,045,976$11,730,498
78$12,866,902$10,012,943$9,280,961$12,633,227
79$14,109,127$10,433,377$9,521,673$13,618,632
80$15,475,847$10,872,202$9,768,238$14,694,832
81$16,979,691$11,330,248$10,020,782$15,870,760
82$18,634,575$11,808,385$10,279,434$17,156,253
83$20,455,830$12,307,524$10,544,323$18,562,136
84$22,460,350$12,828,618$10,815,583$20,100,325
85$24,666,749$13,372,663$11,093,348$21,783,941
86$27,095,536$13,940,703$11,377,754$23,627,428
87$29,769,313$14,533,829$11,668,941$25,646,689
88$32,712,980$15,153,185$11,967,049$27,859,237
89$35,953,979$15,799,965$12,272,219$30,284,352
90$39,522,544$16,475,423$12,584,598$32,943,269
91$43,451,993$17,180,868$12,904,331$35,859,369
92$47,779,036$17,917,671$13,231,566$39,058,403
93$52,544,129$18,687,268$13,566,455$42,568,730
94$57,791,848$19,491,162$13,909,149$46,421,583
95$63,571,313$20,330,925$14,259,802$50,651,363
96$69,936,651$21,208,205$14,618,570$55,295,958
97$76,947,508$22,124,725$14,985,610$60,397,101
98$84,669,607$23,082,290$15,361,081$66,000,759
99$93,175,374$24,082,789$15,745,144$72,157,568
100$102,544,618$25,128,201$16,137,962$78,923,301