Can I retire at age 74 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$710,180$703,854$697,682$691,658$685,776$665,959
2 years$351,574$345,026$338,681$332,528$326,560$306,752
3 years$232,055$225,479$219,149$213,054$207,183$188,005
4 years$172,307$165,751$159,484$153,493$147,765$129,364
5 years$136,467$129,951$123,766$117,898$112,328$94,754
6 years$112,582$106,114$100,022$94,284$88,882$72,151
7 years$95,528$89,115$83,118$77,516$72,285$56,397
8 years$82,743$76,388$70,491$65,026$59,967$44,913
9 years$72,804$66,509$60,714$55,388$50,501$36,266
10 years$64,858$58,625$52,932$47,745$43,029$29,594
11 years$58,361$52,190$46,600$41,552$37,007$24,348
12 years$52,951$46,843$41,357$36,447$32,069$20,163
13 years$48,376$42,332$36,949$32,177$27,965$16,785
14 years$44,459$38,479$33,199$28,563$24,514$14,032
15 years$41,066$35,151$29,974$25,473$21,584$11,771
16 years$38,101$32,251$27,176$22,809$19,076$9,903
17 years$35,488$29,702$24,729$20,493$16,914$8,350
18 years$33,167$27,446$22,575$18,469$15,039$7,055
19 years$31,093$25,436$20,666$16,688$13,405$5,971
20 years$29,229$23,637$18,966$15,114$11,973$5,060
21 years$27,544$22,017$17,445$13,717$10,715$4,294
22 years$26,015$20,552$16,078$12,472$9,604$3,647
23 years$24,621$19,222$14,846$11,359$8,621$3,100
24 years$23,344$18,009$13,730$10,360$7,749$2,636
25 years$22,172$16,901$12,716$9,461$6,973$2,244
26 years$21,092$15,884$11,794$8,651$6,281$1,911
27 years$20,093$14,949$10,952$7,918$5,663$1,628
28 years$19,168$14,086$10,181$7,255$5,110$1,387
29 years$18,307$13,289$9,474$6,653$4,614$1,182
30 years$17,506$12,550$8,825$6,106$4,169$1,008
31 years$16,758$11,864$8,227$5,607$3,769$860
32 years$16,058$11,225$7,676$5,153$3,409$734
33 years$15,401$10,631$7,167$4,739$3,086$626
34 years$14,785$10,076$6,697$4,360$2,794$534
35 years$14,205$9,556$6,261$4,014$2,530$456
36 years$13,659$9,070$5,857$3,697$2,293$389
37 years$13,143$8,615$5,482$3,406$2,078$332
38 years$12,656$8,187$5,134$3,139$1,884$283
39 years$12,195$7,785$4,810$2,895$1,708$242
40 years$11,758$7,407$4,508$2,670$1,549$207
41 years$11,343$7,051$4,227$2,463$1,406$176
42 years$10,949$6,715$3,965$2,273$1,276$151
43 years$10,575$6,398$3,721$2,099$1,158$129
44 years$10,218$6,099$3,493$1,938$1,051$110
45 years$9,878$5,816$3,279$1,790$954$94
46 years$9,554$5,548$3,080$1,653$866$80
47 years$9,245$5,294$2,894$1,527$786$68
48 years$8,950$5,054$2,719$1,411$714$58
49 years$8,667$4,826$2,556$1,304$649$50
50 years$8,397$4,610$2,403$1,205$589$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $8,600,000, adding $5,486 every year, while hoping to spend $54,355 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: 85/5/10 Blend
73$8,600,000$8,600,000$8,600,000$8,600,000
74$9,482,859$9,027,059$8,893,759$10,274,710
75$10,392,277$9,411,551$9,133,866$11,177,417
76$11,392,634$9,813,062$9,380,196$12,161,137
77$12,493,149$10,232,368$9,632,898$13,240,272
78$13,703,978$10,670,282$9,892,128$14,424,395
79$15,036,311$11,127,654$10,158,042$15,724,048
80$16,502,481$11,605,374$10,430,802$17,150,846
81$18,116,072$12,104,376$10,710,573$18,717,581
82$19,892,056$12,625,635$10,997,521$20,438,344
83$21,846,926$13,170,171$11,291,819$22,328,657
84$23,998,858$13,739,056$11,593,640$24,405,619
85$26,367,879$14,333,407$11,903,165$26,688,067
86$28,976,057$14,954,397$12,220,574$29,196,751
87$31,847,705$15,603,254$12,546,054$31,954,532
88$35,009,619$16,281,261$12,879,795$34,986,595
89$38,491,322$16,989,764$13,221,990$38,320,685
90$42,325,346$17,730,172$13,572,835$41,987,370
91$46,547,539$18,503,959$13,932,534$46,020,327
92$51,197,404$19,312,669$14,301,290$50,456,660
93$56,318,469$20,157,919$14,679,312$55,337,249
94$61,958,699$21,041,403$15,066,815$60,707,133
95$68,170,948$21,964,893$15,464,015$66,615,939
96$75,013,459$22,930,247$15,871,134$73,118,341
97$82,550,412$23,939,410$16,288,398$80,274,582
98$90,852,530$24,994,417$16,716,035$88,151,041
99$99,997,746$26,097,402$17,154,280$96,820,853
100$110,071,939$27,250,598$17,603,372$106,364,604