Can I retire at age 74 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$176,719$175,145$173,609$172,110$170,647$167,958
2 years$87,485$85,855$84,276$82,745$81,260$78,558
3 years$57,744$56,107$54,532$53,016$51,555$48,924
4 years$42,876$41,245$39,686$38,195$36,769$34,230
5 years$33,958$32,337$30,798$29,337$27,951$25,510
6 years$28,015$26,405$24,889$23,461$22,117$19,777
7 years$23,771$22,175$20,683$19,289$17,987$15,749
8 years$20,590$19,008$17,541$16,181$14,922$12,786
9 years$18,116$16,550$15,108$13,783$12,567$10,531
10 years$16,139$14,588$13,171$11,881$10,707$8,771
11 years$14,522$12,987$11,596$10,340$9,209$7,369
12 years$13,176$11,656$10,291$9,069$7,980$6,235
13 years$12,038$10,534$9,194$8,007$6,959$5,306
14 years$11,063$9,575$8,261$7,108$6,100$4,536
15 years$10,219$8,747$7,459$6,339$5,371$3,894
16 years$9,481$8,025$6,762$5,676$4,747$3,353
17 years$8,831$7,391$6,154$5,100$4,209$2,896
18 years$8,253$6,829$5,617$4,596$3,742$2,507
19 years$7,737$6,330$5,142$4,153$3,336$2,174
20 years$7,273$5,882$4,719$3,761$2,979$1,889
21 years$6,854$5,479$4,341$3,413$2,666$1,644
22 years$6,473$5,114$4,001$3,104$2,390$1,432
23 years$6,127$4,783$3,694$2,826$2,145$1,249
24 years$5,809$4,481$3,416$2,578$1,928$1,091
25 years$5,517$4,206$3,164$2,354$1,735$953
26 years$5,248$3,953$2,935$2,153$1,563$833
27 years$5,000$3,720$2,725$1,970$1,409$729
28 years$4,770$3,505$2,533$1,805$1,271$638
29 years$4,556$3,307$2,358$1,655$1,148$559
30 years$4,356$3,123$2,196$1,519$1,037$490
31 years$4,170$2,952$2,047$1,395$938$429
32 years$3,996$2,793$1,910$1,282$848$376
33 years$3,832$2,645$1,783$1,179$768$330
34 years$3,679$2,507$1,666$1,085$695$289
35 years$3,535$2,378$1,558$999$630$254
36 years$3,399$2,257$1,457$920$570$223
37 years$3,271$2,144$1,364$848$517$196
38 years$3,149$2,037$1,277$781$469$172
39 years$3,034$1,937$1,197$720$425$151
40 years$2,926$1,843$1,122$664$386$132
41 years$2,823$1,754$1,052$613$350$116
42 years$2,725$1,671$987$566$317$102
43 years$2,631$1,592$926$522$288$90
44 years$2,543$1,518$869$482$261$79
45 years$2,458$1,447$816$445$237$69
46 years$2,377$1,381$766$411$216$61
47 years$2,301$1,317$720$380$196$53
48 years$2,227$1,258$677$351$178$47
49 years$2,157$1,201$636$325$161$41
50 years$2,089$1,147$598$300$147$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,140,000, adding $2,180 every year, while hoping to spend $25,965 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: 47/48/5 Blend
73$2,140,000$2,140,000$2,140,000$2,140,000
74$2,360,529$2,247,109$2,213,939$2,468,317
75$2,573,676$2,329,590$2,260,479$2,624,836
76$2,807,694$2,415,244$2,307,708$2,791,676
77$3,064,685$2,504,196$2,355,622$2,972,112
78$3,346,962$2,596,581$2,404,215$3,167,411
79$3,657,077$2,692,538$2,453,481$3,378,964
80$3,997,838$2,792,212$2,503,412$3,608,298
81$4,372,340$2,895,754$2,553,999$3,857,091
82$4,783,994$3,003,320$2,605,233$4,127,190
83$5,236,555$3,115,077$2,657,102$4,420,620
84$5,734,162$3,231,194$2,709,593$4,739,612
85$6,281,375$3,351,850$2,762,693$5,086,616
86$6,883,216$3,477,232$2,816,384$5,464,328
87$7,545,222$3,607,534$2,870,650$5,875,710
88$8,273,489$3,742,958$2,925,472$6,324,023
89$9,074,737$3,883,715$2,980,827$6,812,851
90$9,956,369$4,030,026$3,036,694$7,346,139
91$10,926,542$4,182,120$3,093,046$7,928,226
92$11,994,243$4,340,238$3,149,857$8,563,887
93$13,169,375$4,504,629$3,207,097$9,258,375
94$14,462,850$4,675,554$3,264,733$10,017,471
95$15,886,690$4,853,286$3,322,731$10,847,538
96$17,454,144$5,038,109$3,381,054$11,755,579
97$19,179,809$5,230,319$3,439,662$12,749,302
98$21,079,771$5,430,225$3,498,512$13,837,192
99$23,171,752$5,638,151$3,557,557$15,028,589
100$25,475,284$5,854,433$3,616,748$16,333,775