Can I retire at age 74 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$159,378$157,958$156,573$155,221$153,901$153,059
2 years$78,900$77,430$76,006$74,625$73,286$72,437
3 years$52,077$50,602$49,181$47,813$46,496$45,665
4 years$38,669$37,198$35,791$34,447$33,161$32,356
5 years$30,626$29,163$27,775$26,458$25,209$24,431
6 years$25,265$23,814$22,447$21,159$19,947$19,197
7 years$21,438$19,999$18,653$17,396$16,222$15,501
8 years$18,569$17,143$15,819$14,593$13,458$12,766
9 years$16,339$14,926$13,625$12,430$11,333$10,670
10 years$14,555$13,156$11,879$10,715$9,657$9,022
11 years$13,097$11,712$10,458$9,325$8,305$7,698
12 years$11,883$10,512$9,281$8,179$7,197$6,618
13 years$10,857$9,500$8,292$7,221$6,276$5,723
14 years$9,977$8,635$7,451$6,410$5,501$4,975
15 years$9,216$7,889$6,727$5,717$4,844$4,343
16 years$8,551$7,238$6,099$5,119$4,281$3,805
17 years$7,964$6,666$5,550$4,599$3,796$3,344
18 years$7,443$6,159$5,066$4,145$3,375$2,947
19 years$6,978$5,708$4,638$3,745$3,008$2,603
20 years$6,559$5,305$4,256$3,392$2,687$2,303
21 years$6,181$4,941$3,915$3,078$2,405$2,042
22 years$5,838$4,612$3,608$2,799$2,155$1,813
23 years$5,525$4,314$3,332$2,549$1,935$1,612
24 years$5,239$4,042$3,081$2,325$1,739$1,434
25 years$4,976$3,793$2,854$2,123$1,565$1,278
26 years$4,733$3,565$2,647$1,941$1,410$1,140
27 years$4,509$3,355$2,458$1,777$1,271$1,017
28 years$4,302$3,161$2,285$1,628$1,147$908
29 years$4,108$2,982$2,126$1,493$1,035$812
30 years$3,929$2,816$1,980$1,370$936$726
31 years$3,761$2,662$1,846$1,258$846$650
32 years$3,604$2,519$1,723$1,157$765$581
33 years$3,456$2,386$1,608$1,064$692$521
34 years$3,318$2,261$1,503$979$627$466
35 years$3,188$2,145$1,405$901$568$418
36 years$3,065$2,036$1,314$830$515$374
37 years$2,950$1,933$1,230$764$466$336
38 years$2,840$1,837$1,152$705$423$301
39 years$2,737$1,747$1,079$650$383$270
40 years$2,639$1,662$1,012$599$348$242
41 years$2,546$1,582$949$553$315$217
42 years$2,457$1,507$890$510$286$195
43 years$2,373$1,436$835$471$260$175
44 years$2,293$1,369$784$435$236$157
45 years$2,217$1,305$736$402$214$141
46 years$2,144$1,245$691$371$194$127
47 years$2,075$1,188$649$343$176$114
48 years$2,008$1,134$610$317$160$102
49 years$1,945$1,083$574$293$146$92
50 years$1,884$1,035$539$271$132$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,930,000, adding $4,700 every year, while hoping to spend $56,404 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: 41/35/24 Blend
73$1,930,000$1,930,000$1,930,000$1,930,000
74$2,131,708$2,029,418$1,999,503$2,203,881
75$2,289,129$2,068,846$2,006,473$2,295,558
76$2,460,716$2,108,316$2,011,786$2,389,020
77$2,647,855$2,147,769$2,015,327$2,489,068
78$2,852,071$2,187,145$2,016,975$2,596,337
79$3,075,043$2,226,375$2,016,604$2,711,531
80$3,318,617$2,265,387$2,014,080$2,835,423
81$3,584,828$2,304,104$2,009,264$2,968,871
82$3,875,916$2,342,440$2,002,010$3,112,818
83$4,194,346$2,380,306$1,992,164$3,268,309
84$4,542,833$2,417,605$1,979,565$3,436,494
85$4,924,367$2,454,232$1,964,045$3,618,645
86$5,342,239$2,490,077$1,945,428$3,816,163
87$5,800,076$2,525,018$1,923,527$4,030,597
88$6,301,868$2,558,929$1,898,151$4,263,657
89$6,852,015$2,591,673$1,869,095$4,517,228
90$7,455,358$2,623,102$1,836,147$4,793,393
91$8,117,232$2,653,062$1,799,085$5,094,450
92$8,843,512$2,681,384$1,757,677$5,422,934
93$9,640,670$2,707,892$1,711,679$5,781,643
94$10,515,834$2,732,394$1,660,836$6,173,666
95$11,476,857$2,754,689$1,604,882$6,602,411
96$12,532,390$2,774,562$1,543,538$7,071,637
97$13,691,960$2,791,783$1,476,514$7,585,495
98$14,966,067$2,806,107$1,403,504$8,148,563
99$16,366,275$2,817,275$1,324,190$8,765,890
100$17,905,325$2,825,011$1,238,240$9,443,052