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%12.6%
1 years$677,148$671,117$665,232$659,488$653,880$646,782
2 years$335,222$328,979$322,928$317,062$311,371$304,225
3 years$221,261$214,991$208,956$203,144$197,547$190,573
4 years$164,292$158,041$152,066$146,354$140,892$134,145
5 years$130,120$123,906$118,010$112,414$107,104$100,604
6 years$107,345$101,179$95,369$89,898$84,748$78,502
7 years$91,085$84,970$79,252$73,910$68,922$62,934
8 years$78,894$72,835$67,212$62,002$57,178$51,446
9 years$69,418$63,416$57,890$52,812$48,152$42,674
10 years$61,842$55,898$50,470$45,524$41,028$35,801
11 years$55,647$49,763$44,433$39,620$35,285$30,305
12 years$50,488$44,664$39,433$34,752$30,578$25,839
13 years$46,126$40,363$35,231$30,681$26,664$22,161
14 years$42,391$36,689$31,655$27,235$23,374$19,100
15 years$39,156$33,516$28,580$24,289$20,580$16,529
16 years$36,329$30,751$25,912$21,748$18,189$14,354
17 years$33,837$28,320$23,579$19,540$16,127$12,501
18 years$31,624$26,169$21,525$17,610$14,340$10,915
19 years$29,647$24,253$19,705$15,912$12,781$9,551
20 years$27,869$22,537$18,084$14,411$11,416$8,372
21 years$26,263$20,993$16,634$13,079$10,216$7,351
22 years$24,805$19,596$15,331$11,892$9,158$6,463
23 years$23,475$18,328$14,155$10,830$8,220$5,689
24 years$22,259$17,172$13,091$9,878$7,389$5,013
25 years$21,141$16,115$12,125$9,021$6,649$4,422
26 years$20,111$15,145$11,245$8,248$5,989$3,903
27 years$19,159$14,254$10,442$7,550$5,400$3,448
28 years$18,276$13,431$9,707$6,917$4,872$3,048
29 years$17,456$12,671$9,034$6,343$4,399$2,696
30 years$16,692$11,966$8,414$5,822$3,975$2,385
31 years$15,978$11,312$7,845$5,347$3,594$2,111
32 years$15,311$10,703$7,319$4,914$3,251$1,870
33 years$14,685$10,136$6,834$4,519$2,942$1,656
34 years$14,097$9,607$6,385$4,157$2,664$1,467
35 years$13,544$9,112$5,970$3,827$2,413$1,301
36 years$13,023$8,649$5,585$3,525$2,186$1,153
37 years$12,532$8,214$5,227$3,248$1,981$1,022
38 years$12,067$7,806$4,895$2,993$1,796$907
39 years$11,627$7,423$4,586$2,760$1,629$804
40 years$11,211$7,062$4,298$2,546$1,477$713
41 years$10,815$6,723$4,031$2,349$1,340$633
42 years$10,440$6,403$3,781$2,168$1,216$562
43 years$10,083$6,100$3,548$2,001$1,104$498
44 years$9,743$5,815$3,330$1,848$1,002$442
45 years$9,419$5,545$3,127$1,706$910$393
46 years$9,110$5,290$2,937$1,576$826$349
47 years$8,815$5,048$2,759$1,456$750$309
48 years$8,533$4,819$2,593$1,346$681$275
49 years$8,264$4,602$2,437$1,244$619$244
50 years$8,006$4,396$2,291$1,149$562$216

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 $5,337 every year, while hoping to spend $45,003 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: 70/8/22 Blend
73$8,200,000$8,200,000$8,200,000$8,200,000
74$9,041,905$8,607,305$8,480,205$9,624,940
75$9,916,297$8,981,180$8,716,409$10,388,941
76$10,878,368$9,371,867$8,959,018$11,219,156
77$11,937,014$9,780,141$9,208,198$12,126,843
78$13,102,038$10,206,817$9,464,121$13,119,671
79$14,384,239$10,652,743$9,726,961$14,206,081
80$15,795,516$11,118,813$9,996,900$15,395,371
81$17,348,983$11,605,959$10,274,120$16,697,773
82$19,059,086$12,115,158$10,558,810$18,124,559
83$20,941,746$12,647,434$10,851,164$19,688,139
84$23,014,504$13,203,858$11,151,378$21,402,179
85$25,296,690$13,785,554$11,459,655$23,281,731
86$27,809,602$14,393,695$11,776,203$25,343,370
87$30,576,709$15,029,514$12,101,234$27,605,352
88$33,623,873$15,694,300$12,434,964$30,087,785
89$36,979,590$16,389,402$12,777,618$32,812,814
90$40,675,262$17,116,237$13,129,422$35,804,833
91$44,745,491$17,876,285$13,490,609$39,090,713
92$49,228,405$18,671,097$13,861,419$42,700,049
93$54,166,022$19,502,300$14,242,096$46,665,447
94$59,604,639$20,371,596$14,632,889$51,022,821
95$65,595,277$21,280,768$15,034,056$55,811,734
96$72,194,154$22,231,686$15,445,856$61,075,772
97$79,463,225$23,226,305$15,868,559$66,862,951
98$87,470,756$24,266,676$16,302,438$73,226,166
99$96,291,978$25,354,948$16,747,774$80,223,695
100$106,009,789$26,493,370$17,204,854$87,919,740