Can I retire at age 74 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$173,416$171,871$170,364$168,893$167,457$165,915
2 years$85,850$84,251$82,701$81,199$79,741$78,188
3 years$56,665$55,059$53,513$52,025$50,591$49,075
4 years$42,075$40,474$38,944$37,481$36,082$34,614
5 years$33,323$31,732$30,222$28,789$27,429$26,013
6 years$27,491$25,912$24,424$23,023$21,704$20,342
7 years$23,327$21,761$20,296$18,928$17,651$16,344
8 years$20,205$18,653$17,213$15,878$14,643$13,391
9 years$17,778$16,241$14,825$13,525$12,332$11,134
10 years$15,837$14,315$12,925$11,659$10,507$9,364
11 years$14,251$12,744$11,379$10,146$9,037$7,946
12 years$12,930$11,438$10,099$8,900$7,831$6,792
13 years$11,813$10,337$9,023$7,857$6,829$5,840
14 years$10,856$9,396$8,107$6,975$5,986$5,047
15 years$10,028$8,583$7,319$6,220$5,271$4,379
16 years$9,304$7,875$6,636$5,570$4,658$3,813
17 years$8,666$7,253$6,039$5,004$4,130$3,331
18 years$8,099$6,702$5,512$4,510$3,672$2,916
19 years$7,592$6,211$5,046$4,075$3,273$2,559
20 years$7,137$5,772$4,631$3,691$2,924$2,250
21 years$6,726$5,376$4,260$3,350$2,616$1,981
22 years$6,352$5,018$3,926$3,045$2,345$1,747
23 years$6,012$4,694$3,625$2,774$2,105$1,543
24 years$5,700$4,398$3,353$2,530$1,892$1,364
25 years$5,414$4,127$3,105$2,310$1,703$1,207
26 years$5,150$3,879$2,880$2,112$1,534$1,068
27 years$4,906$3,650$2,674$1,934$1,383$947
28 years$4,680$3,440$2,486$1,772$1,248$840
29 years$4,470$3,245$2,313$1,625$1,127$745
30 years$4,275$3,064$2,155$1,491$1,018$661
31 years$4,092$2,897$2,009$1,369$920$587
32 years$3,921$2,741$1,874$1,258$833$522
33 years$3,761$2,596$1,750$1,157$753$464
34 years$3,610$2,460$1,635$1,065$682$412
35 years$3,469$2,334$1,529$980$618$367
36 years$3,335$2,215$1,430$903$560$326
37 years$3,209$2,104$1,339$832$507$290
38 years$3,090$1,999$1,254$767$460$258
39 years$2,978$1,901$1,174$707$417$230
40 years$2,871$1,809$1,101$652$378$205
41 years$2,770$1,722$1,032$602$343$182
42 years$2,674$1,640$968$555$311$162
43 years$2,582$1,562$909$512$283$144
44 years$2,495$1,489$853$473$257$129
45 years$2,412$1,420$801$437$233$115
46 years$2,333$1,355$752$404$211$102
47 years$2,258$1,293$707$373$192$91
48 years$2,185$1,234$664$345$174$81
49 years$2,116$1,179$624$318$158$72
50 years$2,050$1,126$587$294$144$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,100,000, adding $4,584 every year, while hoping to spend $41,604 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: 55/23/22 Blend
73$2,100,000$2,100,000$2,100,000$2,100,000
74$2,318,928$2,207,628$2,175,078$2,432,331
75$2,511,193$2,271,536$2,203,677$2,574,446
76$2,721,674$2,337,180$2,231,840$2,724,364
77$2,952,185$2,404,603$2,259,507$2,886,743
78$3,204,726$2,473,846$2,286,618$3,062,788
79$3,481,495$2,544,952$2,313,107$3,253,831
80$3,784,916$2,617,963$2,338,904$3,461,333
81$4,117,657$2,692,923$2,363,938$3,686,907
82$4,482,659$2,769,877$2,388,130$3,932,327
83$4,883,158$2,848,869$2,411,401$4,199,549
84$5,322,721$2,929,944$2,433,664$4,490,725
85$5,805,276$3,013,149$2,454,829$4,808,226
86$6,335,151$3,098,530$2,474,802$5,154,667
87$6,917,111$3,186,133$2,493,483$5,532,923
88$7,556,408$3,276,005$2,510,766$5,946,165
89$8,258,827$3,368,195$2,526,542$6,397,887
90$9,030,740$3,462,749$2,540,694$6,891,935
91$9,879,167$3,559,715$2,553,099$7,432,548
92$10,811,844$3,659,143$2,563,630$8,024,398
93$11,837,292$3,761,081$2,572,151$8,672,631
94$12,964,898$3,865,576$2,578,521$9,382,915
95$14,205,007$3,972,678$2,582,590$10,161,498
96$15,569,014$4,082,436$2,584,203$11,015,264
97$17,069,475$4,194,897$2,583,195$11,951,798
98$18,720,224$4,310,110$2,579,395$12,979,457
99$20,536,504$4,428,122$2,572,622$14,107,450
100$22,535,110$4,548,983$2,562,687$15,345,925