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%18.7%
1 years$668,890$662,932$657,119$651,446$645,905$623,236
2 years$331,134$324,967$318,990$313,195$307,574$284,973
3 years$218,563$212,369$206,408$200,667$195,138$173,315
4 years$162,289$156,114$150,212$144,569$139,174$118,297
5 years$128,533$122,395$116,571$111,043$105,798$85,921
6 years$106,036$99,945$94,206$88,802$83,714$64,853
7 years$89,974$83,934$78,286$73,009$68,082$50,232
8 years$77,932$71,947$66,393$61,245$56,481$39,628
9 years$68,572$62,642$57,184$52,168$47,565$31,687
10 years$61,087$55,216$49,854$44,969$40,528$25,599
11 years$54,968$49,156$43,891$39,136$34,855$20,845
12 years$49,872$44,120$38,952$34,328$30,205$17,080
13 years$45,564$39,871$34,801$30,306$26,339$14,064
14 years$41,874$36,242$31,269$26,903$23,089$11,627
15 years$38,679$33,108$28,232$23,992$20,329$9,644
16 years$35,886$30,376$25,596$21,483$17,967$8,020
17 years$33,424$27,975$23,291$19,302$15,931$6,684
18 years$31,239$25,850$21,262$17,395$14,165$5,581
19 years$29,285$23,957$19,464$15,718$12,625$4,666
20 years$27,529$22,262$17,863$14,236$11,277$3,907
21 years$25,943$20,737$16,431$12,920$10,092$3,274
22 years$24,502$19,357$15,144$11,747$9,046$2,746
23 years$23,189$18,104$13,983$10,698$8,120$2,305
24 years$21,987$16,962$12,931$9,757$7,299$1,936
25 years$20,883$15,918$11,977$8,911$6,568$1,626
26 years$19,866$14,961$11,108$8,148$5,916$1,367
27 years$18,925$14,080$10,315$7,458$5,334$1,150
28 years$18,053$13,267$9,589$6,833$4,813$967
29 years$17,243$12,516$8,923$6,266$4,346$814
30 years$16,488$11,820$8,312$5,751$3,927$685
31 years$15,783$11,174$7,749$5,281$3,550$576
32 years$15,124$10,573$7,230$4,854$3,211$485
33 years$14,506$10,013$6,751$4,463$2,906$408
34 years$13,925$9,490$6,307$4,107$2,631$344
35 years$13,379$9,001$5,897$3,781$2,383$290
36 years$12,865$8,543$5,516$3,482$2,159$244
37 years$12,379$8,114$5,163$3,208$1,957$205
38 years$11,920$7,711$4,835$2,957$1,774$173
39 years$11,486$7,333$4,530$2,726$1,609$146
40 years$11,074$6,976$4,246$2,515$1,459$123
41 years$10,683$6,641$3,981$2,320$1,324$103
42 years$10,312$6,325$3,735$2,141$1,201$87
43 years$9,960$6,026$3,504$1,977$1,090$73
44 years$9,624$5,744$3,290$1,825$990$62
45 years$9,304$5,477$3,089$1,685$898$52
46 years$8,999$5,225$2,901$1,557$816$44
47 years$8,708$4,987$2,726$1,438$741$37
48 years$8,429$4,760$2,561$1,329$673$31
49 years$8,163$4,546$2,407$1,228$611$26
50 years$7,908$4,342$2,263$1,135$555$22

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 $5,802 every year, while hoping to spend $43,441 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: 36/36/28 Blend
73$8,100,000$8,100,000$8,100,000$8,100,000
74$8,932,185$8,502,885$8,377,335$9,178,457
75$9,797,047$8,873,305$8,611,755$9,732,615
76$10,748,669$9,260,420$8,852,572$10,326,113
77$11,795,854$9,665,002$9,099,954$10,966,022
78$12,948,304$10,087,860$9,354,075$11,656,546
79$14,216,705$10,529,839$9,615,110$12,402,295
80$15,612,835$10,991,827$9,883,243$13,208,330
81$17,149,670$11,474,752$10,158,657$14,080,203
82$18,841,508$11,979,587$10,441,544$15,024,009
83$20,704,105$12,507,350$10,732,099$16,046,439
84$22,754,821$13,059,108$11,030,522$17,154,841
85$25,012,785$13,635,976$11,337,016$18,357,285
86$27,499,076$14,239,126$11,651,794$19,662,637
87$30,236,921$14,869,783$11,975,068$21,080,636
88$33,251,914$15,529,229$12,307,059$22,621,983
89$36,572,257$16,218,809$12,647,994$24,298,441
90$40,229,027$16,939,931$12,998,102$26,122,937
91$44,256,470$17,694,069$13,357,620$28,109,682
92$48,692,320$18,482,769$13,726,790$30,274,300
93$53,578,160$19,307,648$14,105,861$32,633,971
94$58,959,812$20,170,402$14,495,087$35,207,586
95$64,887,767$21,072,806$14,894,727$38,015,924
96$71,417,666$22,016,721$15,305,048$41,081,836
97$78,610,823$23,004,095$15,726,321$44,430,464
98$86,534,801$24,036,970$16,158,827$48,089,461
99$95,264,054$25,117,484$16,602,851$52,089,257
100$104,880,625$26,247,879$17,058,684$56,463,330