Can I retire at age 74 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$165,158$163,687$162,252$160,851$159,483$157,294
2 years$81,761$80,239$78,763$77,332$75,944$73,743
3 years$53,966$52,437$50,965$49,547$48,182$46,037
4 years$40,071$38,547$37,089$35,696$34,364$32,291
5 years$31,737$30,221$28,783$27,418$26,123$24,129
6 years$26,182$24,678$23,261$21,926$20,670$18,757
7 years$22,216$20,724$19,330$18,027$16,810$14,979
8 years$19,243$17,765$16,393$15,122$13,946$12,195
9 years$16,931$15,467$14,120$12,881$11,744$10,074
10 years$15,083$13,634$12,310$11,103$10,007$8,416
11 years$13,572$12,137$10,837$9,663$8,606$7,093
12 years$12,314$10,894$9,618$8,476$7,458$6,021
13 years$11,250$9,845$8,593$7,483$6,503$5,140
14 years$10,339$8,949$7,721$6,643$5,701$4,410
15 years$9,550$8,175$6,971$5,924$5,020$3,798
16 years$8,861$7,500$6,320$5,304$4,436$3,282
17 years$8,253$6,907$5,751$4,766$3,934$2,845
18 years$7,713$6,383$5,250$4,295$3,497$2,471
19 years$7,231$5,915$4,806$3,881$3,117$2,151
20 years$6,797$5,497$4,411$3,515$2,785$1,876
21 years$6,406$5,120$4,057$3,190$2,492$1,639
22 years$6,050$4,779$3,739$2,900$2,234$1,433
23 years$5,726$4,470$3,452$2,642$2,005$1,255
24 years$5,429$4,188$3,193$2,409$1,802$1,100
25 years$5,156$3,930$2,957$2,200$1,622$965
26 years$4,905$3,694$2,743$2,012$1,461$847
27 years$4,673$3,476$2,547$1,841$1,317$744
28 years$4,458$3,276$2,368$1,687$1,188$654
29 years$4,258$3,090$2,203$1,547$1,073$575
30 years$4,071$2,919$2,052$1,420$970$506
31 years$3,897$2,759$1,913$1,304$877$445
32 years$3,734$2,611$1,785$1,198$793$392
33 years$3,582$2,472$1,667$1,102$718$345
34 years$3,438$2,343$1,557$1,014$650$304
35 years$3,304$2,222$1,456$933$588$268
36 years$3,176$2,109$1,362$860$533$236
37 years$3,057$2,003$1,275$792$483$208
38 years$2,943$1,904$1,194$730$438$183
39 years$2,836$1,811$1,119$673$397$162
40 years$2,734$1,723$1,048$621$360$143
41 years$2,638$1,640$983$573$327$126
42 years$2,546$1,562$922$529$297$111
43 years$2,459$1,488$865$488$269$98
44 years$2,376$1,418$812$451$244$86
45 years$2,297$1,352$763$416$222$76
46 years$2,222$1,290$716$384$201$67
47 years$2,150$1,231$673$355$183$59
48 years$2,081$1,175$632$328$166$52
49 years$2,016$1,122$594$303$151$46
50 years$1,953$1,072$559$280$137$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,000,000, adding $4,231 every year, while hoping to spend $49,724 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: 63/12/25 Blend
73$2,000,000$2,000,000$2,000,000$2,000,000
74$2,208,364$2,102,364$2,071,364$2,332,671
75$2,380,711$2,152,474$2,087,849$2,467,388
76$2,568,972$2,203,373$2,103,219$2,608,599
77$2,774,715$2,255,047$2,117,386$2,761,738
78$2,999,671$2,307,479$2,130,254$2,927,981
79$3,245,744$2,360,652$2,141,723$3,108,619
80$3,515,030$2,414,544$2,151,691$3,305,081
81$3,809,836$2,469,130$2,160,046$3,518,936
82$4,132,706$2,524,383$2,166,673$3,751,917
83$4,486,437$2,580,273$2,171,453$4,005,931
84$4,874,113$2,636,767$2,174,256$4,283,083
85$5,299,129$2,693,825$2,174,950$4,585,689
86$5,765,225$2,751,406$2,173,395$4,916,306
87$6,276,518$2,809,465$2,169,444$5,277,747
88$6,837,544$2,867,951$2,162,942$5,673,118
89$7,453,302$2,926,808$2,153,728$6,105,838
90$8,129,294$2,985,977$2,141,633$6,579,677
91$8,871,583$3,045,391$2,126,480$7,098,791
92$9,686,849$3,104,980$2,108,081$7,667,760
93$10,582,448$3,164,665$2,086,242$8,291,631
94$11,566,486$3,224,361$2,060,760$8,975,968
95$12,647,892$3,283,979$2,031,419$9,726,905
96$13,836,502$3,343,419$1,997,997$10,551,199
97$15,143,154$3,402,575$1,960,258$11,456,302
98$16,579,787$3,461,333$1,917,959$12,450,425
99$18,159,556$3,519,569$1,870,841$13,542,619
100$19,896,953$3,577,150$1,818,636$14,742,860