Can I retire at age 74 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$718,438$712,038$705,795$699,701$693,750$676,979
2 years$355,662$349,038$342,619$336,395$330,357$313,561
3 years$234,753$228,100$221,697$215,531$209,592$193,297
4 years$174,310$167,678$161,339$155,278$149,483$133,813
5 years$138,054$131,462$125,205$119,269$113,635$98,634
6 years$113,891$107,348$101,185$95,380$89,915$75,599
7 years$96,638$90,151$84,085$78,417$73,125$59,495
8 years$83,705$77,276$71,311$65,782$60,664$47,715
9 years$73,651$67,283$61,420$56,032$51,088$38,809
10 years$65,612$59,306$53,547$48,300$43,530$31,907
11 years$59,040$52,797$47,142$42,035$37,437$26,454
12 years$53,566$47,388$41,837$36,871$32,442$22,080
13 years$48,939$42,825$37,379$32,551$28,290$18,530
14 years$44,976$38,926$33,585$28,895$24,799$15,619
15 years$41,544$35,560$30,323$25,770$21,835$13,213
16 years$38,544$32,626$27,492$23,074$19,298$11,212
17 years$35,900$30,047$25,017$20,732$17,111$9,537
18 years$33,553$27,765$22,837$18,683$15,214$8,130
19 years$31,454$25,732$20,906$16,882$13,561$6,943
20 years$29,569$23,911$19,187$15,290$12,113$5,938
21 years$27,864$22,273$17,648$13,877$10,839$5,085
22 years$26,317$20,791$16,265$12,617$9,716$4,359
23 years$24,907$19,445$15,018$11,491$8,722$3,740
24 years$23,616$18,219$13,889$10,480$7,839$3,212
25 years$22,430$17,097$12,864$9,571$7,054$2,760
26 years$21,337$16,069$11,931$8,751$6,354$2,373
27 years$20,327$15,123$11,079$8,010$5,729$2,041
28 years$19,390$14,250$10,299$7,339$5,169$1,757
29 years$18,520$13,443$9,584$6,730$4,668$1,512
30 years$17,709$12,696$8,928$6,177$4,217$1,302
31 years$16,953$12,002$8,323$5,673$3,813$1,122
32 years$16,244$11,356$7,765$5,213$3,449$966
33 years$15,580$10,754$7,251$4,794$3,121$833
34 years$14,957$10,193$6,775$4,411$2,826$718
35 years$14,370$9,668$6,334$4,061$2,560$619
36 years$13,818$9,176$5,925$3,740$2,319$533
37 years$13,296$8,715$5,546$3,446$2,102$460
38 years$12,803$8,282$5,193$3,176$1,906$397
39 years$12,336$7,876$4,866$2,928$1,728$342
40 years$11,894$7,493$4,561$2,701$1,567$295
41 years$11,475$7,133$4,276$2,492$1,422$254
42 years$11,076$6,793$4,011$2,300$1,290$219
43 years$10,697$6,472$3,764$2,123$1,171$189
44 years$10,337$6,169$3,533$1,960$1,063$163
45 years$9,993$5,883$3,318$1,810$965$141
46 years$9,665$5,612$3,116$1,672$876$122
47 years$9,353$5,356$2,927$1,545$796$105
48 years$9,054$5,113$2,751$1,428$723$90
49 years$8,768$4,883$2,586$1,319$656$78
50 years$8,494$4,664$2,431$1,219$596$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $8,700,000, adding $6,859 every year, while hoping to spend $46,642 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: 71/20/9 Blend
73$8,700,000$8,700,000$8,700,000$8,700,000
74$9,594,475$9,133,375$8,998,525$10,259,486
75$10,523,485$9,531,284$9,250,349$11,098,099
76$11,545,690$9,947,127$9,509,046$12,009,333
77$12,670,548$10,381,733$9,774,796$13,005,481
78$13,908,478$10,835,973$10,047,786$14,094,896
79$15,270,962$11,310,754$10,328,206$15,286,769
80$16,770,649$11,807,030$10,616,249$16,591,216
81$18,421,478$12,325,798$10,912,117$18,019,371
82$20,238,810$12,868,102$11,216,014$19,583,490
83$22,239,566$13,435,037$11,528,148$21,297,064
84$24,442,397$14,027,749$11,848,736$23,174,944
85$26,867,850$14,647,437$12,177,997$25,233,479
86$29,538,567$15,295,358$12,516,156$27,490,671
87$32,479,498$15,972,828$12,863,445$29,966,339
88$35,718,137$16,681,226$13,220,100$32,682,304
89$39,284,777$17,421,996$13,586,363$35,662,595
90$43,212,801$18,196,651$13,962,484$38,933,673
91$47,538,994$19,006,774$14,348,714$42,524,675
92$52,303,892$19,854,026$14,745,316$46,467,688
93$57,552,160$20,740,145$15,152,556$50,798,051
94$63,333,020$21,666,952$15,570,706$55,554,682
95$69,700,710$22,636,354$16,000,046$60,780,446
96$76,714,997$23,650,350$16,440,863$66,522,551
97$84,441,743$24,711,034$16,893,448$72,832,996
98$92,953,524$25,820,598$17,358,102$79,769,054
99$102,330,317$26,981,341$17,835,132$87,393,811
100$112,660,252$28,195,669$18,324,852$95,776,757