Can I retire at age 74 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$141,210$139,952$138,725$137,527$136,358$133,934
2 years$69,906$68,604$67,342$66,119$64,932$62,498
3 years$46,141$44,834$43,575$42,363$41,196$38,828
4 years$34,261$32,957$31,711$30,520$29,381$27,097
5 years$27,135$25,839$24,609$23,442$22,335$20,142
6 years$22,385$21,099$19,888$18,747$17,673$15,573
7 years$18,994$17,719$16,527$15,413$14,373$12,367
8 years$16,452$15,189$14,016$12,930$11,924$10,011
9 years$14,476$13,225$12,072$11,013$10,041$8,221
10 years$12,896$11,657$10,525$9,493$8,556$6,826
11 years$11,604$10,377$9,266$8,262$7,358$5,717
12 years$10,529$9,314$8,223$7,247$6,377$4,822
13 years$9,619$8,417$7,347$6,398$5,560$4,090
14 years$8,840$7,651$6,601$5,679$4,874$3,485
15 years$8,166$6,989$5,960$5,065$4,292$2,981
16 years$7,576$6,413$5,404$4,535$3,793$2,558
17 years$7,056$5,906$4,917$4,075$3,363$2,201
18 years$6,595$5,457$4,489$3,672$2,990$1,899
19 years$6,182$5,058$4,109$3,318$2,665$1,641
20 years$5,812$4,700$3,771$3,005$2,381$1,420
21 years$5,477$4,378$3,469$2,727$2,131$1,231
22 years$5,173$4,086$3,197$2,480$1,910$1,069
23 years$4,895$3,822$2,952$2,258$1,714$928
24 years$4,642$3,581$2,730$2,060$1,541$807
25 years$4,409$3,361$2,529$1,881$1,386$703
26 years$4,194$3,158$2,345$1,720$1,249$612
27 years$3,995$2,972$2,178$1,574$1,126$533
28 years$3,811$2,801$2,024$1,443$1,016$465
29 years$3,640$2,642$1,884$1,323$917$405
30 years$3,481$2,495$1,755$1,214$829$354
31 years$3,332$2,359$1,636$1,115$749$309
32 years$3,193$2,232$1,526$1,025$678$270
33 years$3,062$2,114$1,425$942$614$236
34 years$2,940$2,003$1,332$867$555$206
35 years$2,825$1,900$1,245$798$503$180
36 years$2,716$1,804$1,165$735$456$157
37 years$2,613$1,713$1,090$677$413$137
38 years$2,516$1,628$1,021$624$375$120
39 years$2,425$1,548$956$576$340$105
40 years$2,338$1,473$896$531$308$92
41 years$2,255$1,402$841$490$280$80
42 years$2,177$1,335$788$452$254$70
43 years$2,103$1,272$740$417$230$61
44 years$2,032$1,213$694$385$209$54
45 years$1,964$1,156$652$356$190$47
46 years$1,900$1,103$612$329$172$41
47 years$1,838$1,053$575$304$156$36
48 years$1,780$1,005$541$281$142$31
49 years$1,723$960$508$259$129$27
50 years$1,670$917$478$240$117$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,710,000, adding $4,655 every year, while hoping to spend $22,808 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: 41/29/30 Blend
73$1,710,000$1,710,000$1,710,000$1,710,000
74$1,889,222$1,798,592$1,772,087$1,949,856
75$2,057,655$1,862,455$1,807,184$2,058,188
76$2,242,504$1,928,683$1,842,693$2,172,914
77$2,445,418$1,997,368$1,878,602$2,296,675
78$2,668,217$2,068,606$1,914,902$2,430,320
79$2,912,903$2,142,495$1,951,578$2,574,778
80$3,181,681$2,219,139$1,988,618$2,731,075
81$3,476,981$2,298,646$2,026,006$2,900,335
82$3,801,482$2,381,128$2,063,725$3,083,799
83$4,158,131$2,466,702$2,101,759$3,282,828
84$4,550,180$2,555,489$2,140,087$3,498,921
85$4,981,206$2,647,616$2,178,688$3,733,729
86$5,455,155$2,743,215$2,217,540$3,989,066
87$5,976,372$2,842,424$2,256,618$4,266,929
88$6,549,644$2,945,384$2,295,897$4,569,518
89$7,180,245$3,052,246$2,335,347$4,899,252
90$7,873,988$3,163,163$2,374,939$5,258,794
91$8,637,275$3,278,299$2,414,640$5,651,078
92$9,477,162$3,397,820$2,454,415$6,079,330
93$10,401,422$3,521,903$2,494,227$6,547,106
94$11,418,620$3,650,730$2,534,038$7,058,319
95$12,538,195$3,784,491$2,573,804$7,617,277
96$13,770,546$3,923,386$2,613,480$8,228,726
97$15,127,129$4,067,620$2,653,020$8,897,892
98$16,620,572$4,217,409$2,692,372$9,630,527
99$18,264,787$4,372,978$2,731,482$10,432,971
100$20,075,101$4,534,560$2,770,293$11,312,202