Can I retire at age 74 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$165,984$164,505$163,063$161,655$160,280$156,215
2 years$82,170$80,640$79,157$77,719$76,324$72,255
3 years$54,236$52,699$51,220$49,795$48,423$44,477
4 years$40,272$38,739$37,275$35,875$34,536$30,744
5 years$31,895$30,372$28,927$27,555$26,253$22,626
6 years$26,313$24,801$23,377$22,036$20,773$17,313
7 years$22,327$20,828$19,427$18,117$16,894$13,602
8 years$19,339$17,853$16,475$15,198$14,016$10,890
9 years$17,016$15,545$14,190$12,945$11,803$8,841
10 years$15,159$13,702$12,371$11,159$10,057$7,255
11 years$13,640$12,198$10,891$9,712$8,649$6,004
12 years$12,376$10,948$9,666$8,518$7,495$5,001
13 years$11,307$9,894$8,636$7,520$6,536$4,189
14 years$10,391$8,993$7,759$6,676$5,729$3,523
15 years$9,598$8,216$7,006$5,954$5,045$2,974
16 years$8,905$7,538$6,352$5,331$4,458$2,519
17 years$8,294$6,942$5,780$4,790$3,953$2,138
18 years$7,752$6,415$5,276$4,317$3,515$1,818
19 years$7,267$5,945$4,830$3,900$3,133$1,549
20 years$6,831$5,524$4,433$3,533$2,798$1,322
21 years$6,438$5,146$4,077$3,206$2,504$1,129
22 years$6,080$4,803$3,758$2,915$2,245$966
23 years$5,754$4,492$3,470$2,655$2,015$827
24 years$5,456$4,209$3,209$2,421$1,811$708
25 years$5,182$3,950$2,972$2,211$1,630$607
26 years$4,930$3,712$2,756$2,022$1,468$521
27 years$4,696$3,494$2,560$1,851$1,324$447
28 years$4,480$3,292$2,380$1,696$1,194$384
29 years$4,279$3,106$2,214$1,555$1,078$330
30 years$4,091$2,933$2,063$1,427$974$283
31 years$3,917$2,773$1,923$1,311$881$243
32 years$3,753$2,624$1,794$1,204$797$209
33 years$3,600$2,485$1,675$1,108$721$180
34 years$3,456$2,355$1,565$1,019$653$154
35 years$3,320$2,234$1,463$938$591$133
36 years$3,192$2,120$1,369$864$536$114
37 years$3,072$2,013$1,281$796$486$98
38 years$2,958$1,914$1,200$734$440$84
39 years$2,850$1,820$1,124$677$399$73
40 years$2,748$1,731$1,054$624$362$63
41 years$2,651$1,648$988$576$329$54
42 years$2,559$1,569$927$531$298$46
43 years$2,471$1,495$870$490$271$40
44 years$2,388$1,425$816$453$246$34
45 years$2,309$1,359$766$418$223$29
46 years$2,233$1,297$720$386$202$25
47 years$2,161$1,237$676$357$184$22
48 years$2,092$1,181$636$330$167$19
49 years$2,026$1,128$597$305$152$16
50 years$1,962$1,078$562$282$138$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,010,000, adding $5,664 every year, while hoping to spend $43,467 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: 61/25/14 Blend
73$2,010,000$2,010,000$2,010,000$2,010,000
74$2,220,862$2,114,332$2,083,177$2,348,344
75$2,401,142$2,171,686$2,106,715$2,492,102
76$2,598,353$2,230,393$2,129,585$2,643,491
77$2,814,177$2,290,475$2,151,718$2,807,650
78$3,050,465$2,351,950$2,173,042$2,985,818
79$3,309,255$2,414,838$2,193,482$3,179,358
80$3,592,793$2,479,159$2,212,958$3,389,775
81$3,903,550$2,544,930$2,231,384$3,618,721
82$4,244,250$2,612,170$2,248,673$3,868,020
83$4,617,891$2,680,894$2,264,731$4,139,679
84$5,027,777$2,751,118$2,279,461$4,435,908
85$5,477,545$2,822,857$2,292,757$4,759,141
86$5,971,202$2,896,126$2,304,513$5,112,060
87$6,513,164$2,970,935$2,314,613$5,497,620
88$7,108,292$3,047,296$2,322,938$5,919,074
89$7,761,943$3,125,218$2,329,361$6,380,009
90$8,480,017$3,204,710$2,333,751$6,884,372
91$9,269,015$3,285,777$2,335,968$7,436,517
92$10,136,098$3,368,424$2,335,866$8,041,236
93$11,089,156$3,452,652$2,333,293$8,703,812
94$12,136,879$3,538,461$2,328,088$9,430,065
95$13,288,843$3,625,849$2,320,082$10,226,405
96$14,555,600$3,714,810$2,309,099$11,099,900
97$15,948,771$3,805,335$2,294,954$12,058,332
98$17,481,163$3,897,415$2,277,452$13,110,280
99$19,166,887$3,991,033$2,256,391$14,265,197
100$21,021,487$4,086,171$2,231,559$15,533,496