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%12.5%
1 years$159,378$157,958$156,573$155,221$153,901$152,294
2 years$78,900$77,430$76,006$74,625$73,286$71,668
3 years$52,077$50,602$49,181$47,813$46,496$44,916
4 years$38,669$37,198$35,791$34,447$33,161$31,633
5 years$30,626$29,163$27,775$26,458$25,209$23,736
6 years$25,265$23,814$22,447$21,159$19,947$18,531
7 years$21,438$19,999$18,653$17,396$16,222$14,864
8 years$18,569$17,143$15,819$14,593$13,458$12,158
9 years$16,339$14,926$13,625$12,430$11,333$10,091
10 years$14,555$13,156$11,879$10,715$9,657$8,471
11 years$13,097$11,712$10,458$9,325$8,305$7,175
12 years$11,883$10,512$9,281$8,179$7,197$6,121
13 years$10,857$9,500$8,292$7,221$6,276$5,253
14 years$9,977$8,635$7,451$6,410$5,501$4,531
15 years$9,216$7,889$6,727$5,717$4,844$3,924
16 years$8,551$7,238$6,099$5,119$4,281$3,410
17 years$7,964$6,666$5,550$4,599$3,796$2,972
18 years$7,443$6,159$5,066$4,145$3,375$2,596
19 years$6,978$5,708$4,638$3,745$3,008$2,273
20 years$6,559$5,305$4,256$3,392$2,687$1,994
21 years$6,181$4,941$3,915$3,078$2,405$1,752
22 years$5,838$4,612$3,608$2,799$2,155$1,542
23 years$5,525$4,314$3,332$2,549$1,935$1,358
24 years$5,239$4,042$3,081$2,325$1,739$1,198
25 years$4,976$3,793$2,854$2,123$1,565$1,057
26 years$4,733$3,565$2,647$1,941$1,410$934
27 years$4,509$3,355$2,458$1,777$1,271$826
28 years$4,302$3,161$2,285$1,628$1,147$731
29 years$4,108$2,982$2,126$1,493$1,035$647
30 years$3,929$2,816$1,980$1,370$936$573
31 years$3,761$2,662$1,846$1,258$846$507
32 years$3,604$2,519$1,723$1,157$765$450
33 years$3,456$2,386$1,608$1,064$692$399
34 years$3,318$2,261$1,503$979$627$354
35 years$3,188$2,145$1,405$901$568$314
36 years$3,065$2,036$1,314$830$515$278
37 years$2,950$1,933$1,230$764$466$247
38 years$2,840$1,837$1,152$705$423$219
39 years$2,737$1,747$1,079$650$383$195
40 years$2,639$1,662$1,012$599$348$173
41 years$2,546$1,582$949$553$315$153
42 years$2,457$1,507$890$510$286$136
43 years$2,373$1,436$835$471$260$121
44 years$2,293$1,369$784$435$236$107
45 years$2,217$1,305$736$402$214$95
46 years$2,144$1,245$691$371$194$85
47 years$2,075$1,188$649$343$176$75
48 years$2,008$1,134$610$317$160$67
49 years$1,945$1,083$574$293$146$59
50 years$1,884$1,035$539$271$132$53

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 $4,506 every year, while hoping to spend $29,845 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: 26/48/26 Blend
73$1,930,000$1,930,000$1,930,000$1,930,000
74$2,131,508$2,029,218$1,999,303$2,169,431
75$2,317,167$2,096,895$2,034,525$2,268,306
76$2,520,763$2,166,887$2,069,926$2,371,454
77$2,744,094$2,239,278$2,105,482$2,481,508
78$2,989,140$2,314,151$2,141,164$2,599,070
79$3,258,083$2,391,596$2,176,944$2,724,801
80$3,553,326$2,471,703$2,212,790$2,859,428
81$3,877,516$2,554,567$2,248,669$3,003,748
82$4,233,569$2,640,286$2,284,546$3,158,637
83$4,624,695$2,728,963$2,320,381$3,325,056
84$5,054,435$2,820,703$2,356,134$3,504,060
85$5,526,686$2,915,616$2,391,763$3,696,812
86$6,045,743$3,013,816$2,427,222$3,904,586
87$6,616,336$3,115,420$2,462,462$4,128,784
88$7,243,679$3,220,552$2,497,430$4,370,948
89$7,933,513$3,329,339$2,532,074$4,632,772
90$8,692,167$3,441,911$2,566,333$4,916,121
91$9,526,610$3,558,407$2,600,148$5,223,044
92$10,444,524$3,678,969$2,633,452$5,555,795
93$11,454,370$3,803,743$2,666,177$5,916,856
94$12,565,472$3,932,883$2,698,251$6,308,954
95$13,788,104$4,066,548$2,729,596$6,735,094
96$15,133,584$4,204,902$2,760,131$7,198,580
97$16,614,384$4,348,117$2,789,770$7,703,047
98$18,244,248$4,496,371$2,818,423$8,252,500
99$20,038,315$4,649,848$2,845,995$8,851,344
100$22,013,272$4,808,739$2,872,385$9,504,429