Can I retire at age 74 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$157,726$156,321$154,950$153,612$152,306$150,092
2 years$78,082$76,628$75,219$73,852$72,527$70,301
3 years$51,538$50,077$48,671$47,318$46,014$43,845
4 years$38,268$36,812$35,420$34,090$32,818$30,723
5 years$30,308$28,861$27,488$26,184$24,947$22,933
6 years$25,004$23,567$22,214$20,940$19,740$17,808
7 years$21,216$19,792$18,460$17,216$16,054$14,205
8 years$18,377$16,965$15,656$14,442$13,318$11,552
9 years$16,169$14,771$13,484$12,301$11,216$9,532
10 years$14,405$13,020$11,756$10,604$9,557$7,953
11 years$12,962$11,591$10,350$9,228$8,219$6,694
12 years$11,760$10,404$9,185$8,095$7,122$5,675
13 years$10,744$9,402$8,206$7,146$6,211$4,839
14 years$9,874$8,546$7,373$6,344$5,444$4,146
15 years$9,121$7,807$6,657$5,657$4,794$3,566
16 years$8,462$7,163$6,036$5,066$4,237$3,077
17 years$7,882$6,597$5,492$4,551$3,756$2,663
18 years$7,366$6,095$5,014$4,102$3,340$2,310
19 years$6,906$5,649$4,590$3,706$2,977$2,008
20 years$6,491$5,250$4,212$3,357$2,659$1,749
21 years$6,117$4,890$3,874$3,046$2,380$1,525
22 years$5,778$4,564$3,571$2,770$2,133$1,332
23 years$5,468$4,269$3,297$2,523$1,915$1,164
24 years$5,185$4,000$3,049$2,301$1,721$1,019
25 years$4,924$3,754$2,824$2,101$1,549$892
26 years$4,684$3,528$2,619$1,921$1,395$782
27 years$4,463$3,320$2,432$1,759$1,258$686
28 years$4,257$3,128$2,261$1,611$1,135$602
29 years$4,066$2,951$2,104$1,478$1,025$528
30 years$3,888$2,787$1,960$1,356$926$464
31 years$3,722$2,635$1,827$1,245$837$408
32 years$3,566$2,493$1,705$1,145$757$358
33 years$3,421$2,361$1,592$1,052$685$315
34 years$3,284$2,238$1,487$968$620$277
35 years$3,155$2,122$1,391$891$562$244
36 years$3,034$2,014$1,301$821$509$214
37 years$2,919$1,913$1,218$756$461$189
38 years$2,811$1,818$1,140$697$418$166
39 years$2,708$1,729$1,068$643$379$146
40 years$2,611$1,645$1,001$593$344$129
41 years$2,519$1,566$939$547$312$113
42 years$2,432$1,491$881$505$283$100
43 years$2,349$1,421$826$466$257$88
44 years$2,269$1,354$776$430$233$77
45 years$2,194$1,292$728$397$212$68
46 years$2,122$1,232$684$367$192$60
47 years$2,053$1,176$643$339$175$53
48 years$1,988$1,122$604$313$159$47
49 years$1,925$1,072$568$290$144$41
50 years$1,865$1,024$534$268$131$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,910,000, adding $3,625 every year, while hoping to spend $44,002 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: 60/21/19 Blend
73$1,910,000$1,910,000$1,910,000$1,910,000
74$2,108,559$2,007,329$1,977,724$2,224,439
75$2,276,814$2,058,871$1,997,160$2,354,796
76$2,460,757$2,111,463$2,015,772$2,491,774
77$2,661,940$2,165,111$2,033,487$2,640,211
78$2,882,075$2,219,818$2,050,226$2,801,225
79$3,123,046$2,275,588$2,065,907$2,976,045
80$3,386,925$2,332,420$2,080,444$3,166,027
81$3,675,999$2,390,316$2,093,746$3,372,662
82$3,992,781$2,449,272$2,105,717$3,597,595
83$4,340,043$2,509,284$2,116,256$3,842,637
84$4,720,835$2,570,347$2,125,259$4,109,783
85$5,138,519$2,632,453$2,132,614$4,401,233
86$5,596,795$2,695,591$2,138,204$4,719,408
87$6,099,741$2,759,748$2,141,907$5,066,978
88$6,651,848$2,824,909$2,143,594$5,446,883
89$7,258,063$2,891,056$2,143,131$5,862,365
90$7,923,835$2,958,167$2,140,375$6,316,994
91$8,655,168$3,026,218$2,135,179$6,814,704
92$9,458,674$3,095,182$2,127,387$7,359,833
93$10,341,640$3,165,027$2,116,835$7,957,158
94$11,312,090$3,235,716$2,103,352$8,611,945
95$12,378,868$3,307,211$2,086,759$9,329,997
96$13,551,715$3,379,467$2,066,868$10,117,708
97$14,841,363$3,452,434$2,043,481$10,982,126
98$16,259,638$3,526,059$2,016,394$11,931,016
99$17,819,568$3,600,283$1,985,390$12,972,938
100$19,535,506$3,675,039$1,950,242$14,117,325