Can I retire at age 74 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$701,922$695,670$689,570$683,616$677,802$671,842
2 years$347,486$341,015$334,743$328,661$322,763$316,757
3 years$229,356$222,857$216,601$210,577$204,774$198,909
4 years$170,303$163,823$157,630$151,709$146,047$140,367
5 years$134,880$128,439$122,327$116,527$111,022$105,545
6 years$111,273$104,880$98,859$93,187$87,848$82,579
7 years$94,417$88,078$82,152$76,614$71,444$66,387
8 years$81,781$75,500$69,671$64,270$59,270$54,424
9 years$71,958$65,736$60,008$54,744$49,914$45,277
10 years$64,104$57,943$52,316$47,190$42,529$38,100
11 years$57,683$51,583$46,058$41,069$36,576$32,351
12 years$52,335$46,298$40,876$36,023$31,696$27,670
13 years$47,814$41,840$36,520$31,803$27,640$23,809
14 years$43,942$38,032$32,813$28,231$24,229$20,588
15 years$40,589$34,743$29,626$25,177$21,333$17,877
16 years$37,658$31,876$26,860$22,544$18,854$15,578
17 years$35,075$29,356$24,442$20,255$16,717$13,615
18 years$32,781$27,126$22,312$18,254$14,864$11,929
19 years$30,731$25,141$20,426$16,494$13,249$10,476
20 years$28,889$23,362$18,746$14,939$11,834$9,217
21 years$27,224$21,761$17,242$13,558$10,590$8,123
22 years$25,712$20,313$15,892$12,327$9,493$7,169
23 years$24,334$18,998$14,673$11,226$8,521$6,334
24 years$23,073$17,800$13,570$10,239$7,659$5,604
25 years$21,914$16,704$12,569$9,351$6,892$4,962
26 years$20,847$15,699$11,657$8,550$6,208$4,397
27 years$19,860$14,775$10,824$7,826$5,597$3,900
28 years$18,945$13,922$10,063$7,170$5,050$3,461
29 years$18,094$13,134$9,364$6,575$4,560$3,073
30 years$17,302$12,404$8,722$6,035$4,121$2,730
31 years$16,563$11,726$8,132$5,542$3,725$2,427
32 years$15,871$11,095$7,587$5,093$3,370$2,158
33 years$15,222$10,507$7,084$4,684$3,050$1,920
34 years$14,613$9,958$6,619$4,310$2,761$1,708
35 years$14,040$9,445$6,188$3,967$2,501$1,520
36 years$13,500$8,965$5,789$3,654$2,266$1,353
37 years$12,990$8,515$5,418$3,366$2,054$1,205
38 years$12,509$8,092$5,074$3,103$1,862$1,073
39 years$12,053$7,695$4,754$2,861$1,688$956
40 years$11,621$7,321$4,456$2,639$1,531$852
41 years$11,211$6,969$4,178$2,435$1,389$759
42 years$10,822$6,637$3,919$2,247$1,261$676
43 years$10,452$6,324$3,678$2,074$1,144$603
44 years$10,099$6,028$3,452$1,915$1,039$537
45 years$9,763$5,748$3,241$1,769$943$479
46 years$9,443$5,483$3,044$1,634$856$427
47 years$9,138$5,233$2,860$1,509$777$381
48 years$8,846$4,995$2,688$1,395$706$339
49 years$8,566$4,770$2,526$1,289$641$303
50 years$8,299$4,557$2,375$1,191$582$270

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $8,500,000, adding $4,000 every year, while hoping to spend $56,204 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: 54/31/15 Blend
73$8,500,000$8,500,000$8,500,000$8,500,000
74$9,371,126$8,920,626$8,788,876$9,839,653
75$10,267,180$9,297,936$9,023,503$10,536,761
76$11,252,748$9,691,851$9,264,106$11,288,791
77$12,336,901$10,103,124$9,510,826$12,106,085
78$13,529,633$10,532,545$9,763,807$12,994,869
79$14,841,957$10,980,941$10,023,195$13,961,987
80$16,286,005$11,449,175$10,289,141$15,014,965
81$17,875,146$11,938,154$10,561,796$16,162,076
82$19,624,111$12,448,823$10,841,316$17,412,418
83$21,549,130$12,982,175$11,127,859$18,775,996
84$23,668,086$13,539,246$11,421,587$20,263,816
85$26,000,686$14,121,124$11,722,665$21,887,983
86$28,568,642$14,728,946$12,031,261$23,661,813
87$31,395,880$15,363,901$12,347,545$25,599,958
88$34,508,763$16,027,235$12,671,691$27,718,539
89$37,936,341$16,720,254$13,003,877$30,035,294
90$41,710,625$17,444,323$13,344,284$32,569,745
91$45,866,885$18,200,872$13,693,094$35,343,375
92$50,443,990$18,991,398$14,050,496$38,379,829
93$55,484,769$19,817,467$14,416,679$41,705,133
94$61,036,415$20,680,723$14,791,837$45,347,935
95$67,150,933$21,582,882$15,176,167$49,339,772
96$73,885,629$22,525,744$15,569,870$53,715,362
97$81,303,651$23,511,194$15,973,148$58,512,927
98$89,474,585$24,541,203$16,386,210$63,774,551
99$98,475,109$25,617,839$16,809,265$69,546,568
100$108,389,722$26,743,265$17,242,527$75,879,998