Can I retire at age 74 with 8,200,000?

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 $8,200,000?

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$677,148$671,117$665,232$659,488$653,880$644,374
2 years$335,222$328,979$322,928$317,062$311,371$301,815
3 years$221,261$214,991$208,956$203,144$197,547$188,236
4 years$164,292$158,041$152,066$146,354$140,892$131,899
5 years$130,120$123,906$118,010$112,414$107,104$98,455
6 years$107,345$101,179$95,369$89,898$84,748$76,452
7 years$91,085$84,970$79,252$73,910$68,922$60,984
8 years$78,894$72,835$67,212$62,002$57,178$49,595
9 years$69,418$63,416$57,890$52,812$48,152$40,921
10 years$61,842$55,898$50,470$45,524$41,028$34,143
11 years$55,647$49,763$44,433$39,620$35,285$28,741
12 years$50,488$44,664$39,433$34,752$30,578$24,365
13 years$46,126$40,363$35,231$30,681$26,664$20,775
14 years$42,391$36,689$31,655$27,235$23,374$17,798
15 years$39,156$33,516$28,580$24,289$20,580$15,309
16 years$36,329$30,751$25,912$21,748$18,189$13,211
17 years$33,837$28,320$23,579$19,540$16,127$11,433
18 years$31,624$26,169$21,525$17,610$14,340$9,918
19 years$29,647$24,253$19,705$15,912$12,781$8,622
20 years$27,869$22,537$18,084$14,411$11,416$7,508
21 years$26,263$20,993$16,634$13,079$10,216$6,547
22 years$24,805$19,596$15,331$11,892$9,158$5,718
23 years$23,475$18,328$14,155$10,830$8,220$4,998
24 years$22,259$17,172$13,091$9,878$7,389$4,374
25 years$21,141$16,115$12,125$9,021$6,649$3,831
26 years$20,111$15,145$11,245$8,248$5,989$3,358
27 years$19,159$14,254$10,442$7,550$5,400$2,945
28 years$18,276$13,431$9,707$6,917$4,872$2,584
29 years$17,456$12,671$9,034$6,343$4,399$2,269
30 years$16,692$11,966$8,414$5,822$3,975$1,993
31 years$15,978$11,312$7,845$5,347$3,594$1,751
32 years$15,311$10,703$7,319$4,914$3,251$1,539
33 years$14,685$10,136$6,834$4,519$2,942$1,353
34 years$14,097$9,607$6,385$4,157$2,664$1,190
35 years$13,544$9,112$5,970$3,827$2,413$1,047
36 years$13,023$8,649$5,585$3,525$2,186$921
37 years$12,532$8,214$5,227$3,248$1,981$810
38 years$12,067$7,806$4,895$2,993$1,796$713
39 years$11,627$7,423$4,586$2,760$1,629$628
40 years$11,211$7,062$4,298$2,546$1,477$553
41 years$10,815$6,723$4,031$2,349$1,340$486
42 years$10,440$6,403$3,781$2,168$1,216$428
43 years$10,083$6,100$3,548$2,001$1,104$377
44 years$9,743$5,815$3,330$1,848$1,002$332
45 years$9,419$5,545$3,127$1,706$910$292
46 years$9,110$5,290$2,937$1,576$826$258
47 years$8,815$5,048$2,759$1,456$750$227
48 years$8,533$4,819$2,593$1,346$681$200
49 years$8,264$4,602$2,437$1,244$619$176
50 years$8,006$4,396$2,291$1,149$562$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $8,200,000, adding $6,907 every year, while hoping to spend $46,238 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: 40/39/21 Blend
73$8,200,000$8,200,000$8,200,000$8,200,000
74$9,043,525$8,608,925$8,481,825$9,348,759
75$9,916,767$8,981,565$8,716,769$9,940,896
76$10,877,531$9,370,915$8,958,034$10,576,155
77$11,934,694$9,777,745$9,205,783$11,262,468
78$13,098,039$10,202,860$9,460,183$12,004,513
79$14,378,344$10,647,106$9,721,404$12,807,425
80$15,787,486$11,111,365$9,989,622$13,676,838
81$17,338,551$11,596,563$10,265,016$14,618,938
82$19,045,957$12,103,669$10,547,768$15,640,517
83$20,925,594$12,633,698$10,838,067$16,749,035
84$22,994,968$13,187,712$11,136,106$17,952,685
85$25,273,369$13,766,824$11,442,080$19,260,469
86$27,782,053$14,372,200$11,756,190$20,682,277
87$30,544,444$15,005,059$12,078,644$22,228,978
88$33,586,350$15,666,680$12,409,652$23,912,516
89$36,936,212$16,358,401$12,749,429$25,746,024
90$40,625,367$17,081,624$13,098,196$27,743,936
91$44,688,348$17,837,817$13,456,179$29,922,124
92$49,163,208$18,628,518$13,823,609$32,298,042
93$54,091,878$19,455,338$14,200,723$34,890,883
94$59,520,564$20,319,964$14,587,762$37,721,757
95$65,500,182$21,224,164$14,984,973$40,813,885
96$72,086,840$22,169,787$15,392,608$44,192,812
97$79,342,364$23,158,773$15,810,928$47,886,641
98$87,334,886$24,193,154$16,240,195$51,926,291
99$96,139,483$25,275,057$16,680,679$56,345,787
100$105,838,886$26,406,711$17,132,658$61,182,568