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%19.8%
1 years$677,148$671,117$665,232$659,488$653,880$628,184
2 years$335,222$328,979$322,928$317,062$311,371$285,798
3 years$221,261$214,991$208,956$203,144$197,547$172,901
4 years$164,292$158,041$152,066$146,354$140,892$117,361
5 years$130,120$123,906$118,010$112,414$107,104$84,748
6 years$107,345$101,179$95,369$89,898$84,748$63,581
7 years$91,085$84,970$79,252$73,910$68,922$48,938
8 years$78,894$72,835$67,212$62,002$57,178$38,356
9 years$69,418$63,416$57,890$52,812$48,152$30,464
10 years$61,842$55,898$50,470$45,524$41,028$24,440
11 years$55,647$49,763$44,433$39,620$35,285$19,759
12 years$50,488$44,664$39,433$34,752$30,578$16,071
13 years$46,126$40,363$35,231$30,681$26,664$13,134
14 years$42,391$36,689$31,655$27,235$23,374$10,776
15 years$39,156$33,516$28,580$24,289$20,580$8,868
16 years$36,329$30,751$25,912$21,748$18,189$7,316
17 years$33,837$28,320$23,579$19,540$16,127$6,048
18 years$31,624$26,169$21,525$17,610$14,340$5,008
19 years$29,647$24,253$19,705$15,912$12,781$4,153
20 years$27,869$22,537$18,084$14,411$11,416$3,447
21 years$26,263$20,993$16,634$13,079$10,216$2,864
22 years$24,805$19,596$15,331$11,892$9,158$2,382
23 years$23,475$18,328$14,155$10,830$8,220$1,982
24 years$22,259$17,172$13,091$9,878$7,389$1,650
25 years$21,141$16,115$12,125$9,021$6,649$1,374
26 years$20,111$15,145$11,245$8,248$5,989$1,145
27 years$19,159$14,254$10,442$7,550$5,400$954
28 years$18,276$13,431$9,707$6,917$4,872$796
29 years$17,456$12,671$9,034$6,343$4,399$663
30 years$16,692$11,966$8,414$5,822$3,975$553
31 years$15,978$11,312$7,845$5,347$3,594$462
32 years$15,311$10,703$7,319$4,914$3,251$385
33 years$14,685$10,136$6,834$4,519$2,942$321
34 years$14,097$9,607$6,385$4,157$2,664$268
35 years$13,544$9,112$5,970$3,827$2,413$224
36 years$13,023$8,649$5,585$3,525$2,186$187
37 years$12,532$8,214$5,227$3,248$1,981$156
38 years$12,067$7,806$4,895$2,993$1,796$130
39 years$11,627$7,423$4,586$2,760$1,629$108
40 years$11,211$7,062$4,298$2,546$1,477$91
41 years$10,815$6,723$4,031$2,349$1,340$76
42 years$10,440$6,403$3,781$2,168$1,216$63
43 years$10,083$6,100$3,548$2,001$1,104$53
44 years$9,743$5,815$3,330$1,848$1,002$44
45 years$9,419$5,545$3,127$1,706$910$37
46 years$9,110$5,290$2,937$1,576$826$31
47 years$8,815$5,048$2,759$1,456$750$26
48 years$8,533$4,819$2,593$1,346$681$21
49 years$8,264$4,602$2,437$1,244$619$18
50 years$8,006$4,396$2,291$1,149$562$15

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 $5,730 every year, while hoping to spend $40,386 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: 48/41/11 Blend
73$8,200,000$8,200,000$8,200,000$8,200,000
74$9,042,310$8,607,710$8,480,610$9,448,799
75$9,921,656$8,986,518$8,721,741$10,107,827
76$10,889,341$9,382,533$8,969,595$10,818,292
77$11,954,333$9,796,557$9,224,356$11,588,762
78$13,126,515$10,229,428$9,486,212$12,424,846
79$14,416,774$10,682,024$9,755,354$13,332,704
80$15,837,106$11,155,265$10,031,980$14,319,099
81$17,400,732$11,650,114$10,316,293$15,391,461
82$19,122,218$12,167,581$10,608,499$16,557,954
83$21,017,613$12,708,721$10,908,813$17,827,544
84$23,104,604$13,274,643$11,217,452$19,210,090
85$25,402,678$13,866,505$11,534,642$20,716,423
86$27,933,310$14,485,523$11,860,611$22,358,452
87$30,720,163$15,132,969$12,195,597$24,149,267
88$33,789,311$15,810,176$12,539,841$26,103,262
89$37,169,486$16,518,540$12,893,591$28,236,263
90$40,892,350$17,259,525$13,257,103$30,565,677
91$44,992,791$18,034,662$13,630,636$33,110,647
92$49,509,253$18,845,558$14,014,460$35,892,230
93$54,484,101$19,693,894$14,408,849$38,933,589
94$59,964,018$20,581,434$14,814,084$42,260,209
95$66,000,446$21,510,023$15,230,454$45,900,128
96$72,650,074$22,481,596$15,658,256$49,884,196
97$79,975,367$23,498,180$16,097,794$54,246,363
98$88,045,162$24,561,898$16,549,377$59,023,990
99$96,935,314$25,674,977$17,013,327$64,258,193
100$106,729,412$26,839,746$17,489,969$69,994,230