Can I retire at age 74 with 2,170,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$179,197$177,600$176,043$174,523$173,039$171,374
2 years$88,711$87,059$85,458$83,905$82,399$80,723
3 years$58,553$56,894$55,297$53,759$52,278$50,641
4 years$43,477$41,823$40,242$38,730$37,285$35,700
5 years$34,434$32,790$31,229$29,749$28,343$26,816
6 years$28,407$26,775$25,238$23,790$22,427$20,958
7 years$24,104$22,486$20,973$19,559$18,239$16,830
8 years$20,878$19,275$17,787$16,408$15,131$13,781
9 years$18,370$16,782$15,320$13,976$12,743$11,452
10 years$16,365$14,793$13,356$12,047$10,857$9,625
11 years$14,726$13,169$11,758$10,485$9,338$8,162
12 years$13,361$11,820$10,435$9,196$8,092$6,973
13 years$12,207$10,682$9,323$8,119$7,056$5,992
14 years$11,218$9,709$8,377$7,207$6,185$5,175
15 years$10,362$8,870$7,563$6,428$5,446$4,487
16 years$9,614$8,138$6,857$5,755$4,813$3,905
17 years$8,954$7,494$6,240$5,171$4,268$3,408
18 years$8,369$6,925$5,696$4,660$3,795$2,982
19 years$7,846$6,418$5,215$4,211$3,382$2,615
20 years$7,375$5,964$4,786$3,814$3,021$2,297
21 years$6,950$5,555$4,402$3,461$2,704$2,021
22 years$6,564$5,186$4,057$3,147$2,423$1,781
23 years$6,212$4,850$3,746$2,866$2,175$1,572
24 years$5,890$4,544$3,464$2,614$1,955$1,388
25 years$5,595$4,265$3,209$2,387$1,759$1,227
26 years$5,322$4,008$2,976$2,183$1,585$1,086
27 years$5,070$3,772$2,763$1,998$1,429$962
28 years$4,836$3,554$2,569$1,831$1,289$852
29 years$4,619$3,353$2,391$1,679$1,164$755
30 years$4,417$3,167$2,227$1,541$1,052$670
31 years$4,228$2,994$2,076$1,415$951$595
32 years$4,052$2,832$1,937$1,300$860$528
33 years$3,886$2,682$1,808$1,196$779$469
34 years$3,731$2,542$1,690$1,100$705$416
35 years$3,584$2,411$1,580$1,013$638$370
36 years$3,446$2,289$1,478$933$578$329
37 years$3,316$2,174$1,383$859$524$292
38 years$3,193$2,066$1,295$792$475$260
39 years$3,077$1,964$1,214$730$431$231
40 years$2,967$1,869$1,138$674$391$206
41 years$2,862$1,779$1,067$622$355$183
42 years$2,763$1,694$1,001$574$322$163
43 years$2,668$1,614$939$530$292$145
44 years$2,578$1,539$881$489$265$129
45 years$2,493$1,467$827$452$241$115
46 years$2,411$1,400$777$417$219$102
47 years$2,333$1,336$730$385$198$91
48 years$2,258$1,275$686$356$180$81
49 years$2,187$1,218$645$329$164$72
50 years$2,119$1,163$606$304$149$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,170,000, adding $2,618 every year, while hoping to spend $32,774 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: 30/40/30 Blend
73$2,170,000$2,170,000$2,170,000$2,170,000
74$2,394,040$2,279,030$2,245,395$2,443,773
75$2,603,361$2,355,832$2,285,745$2,559,974
76$2,832,934$2,435,298$2,326,348$2,681,870
77$3,084,791$2,517,525$2,367,178$2,812,364
78$3,361,168$2,602,612$2,408,206$2,952,228
79$3,664,530$2,690,663$2,449,404$3,102,312
80$3,997,592$2,781,784$2,490,739$3,263,548
81$4,363,343$2,876,089$2,532,175$3,436,960
82$4,765,077$2,973,691$2,573,677$3,623,674
83$5,206,424$3,074,710$2,615,204$3,824,929
84$5,691,380$3,179,272$2,656,714$4,042,085
85$6,224,350$3,287,505$2,698,163$4,276,638
86$6,810,185$3,399,544$2,739,502$4,530,234
87$7,454,230$3,515,528$2,780,682$4,804,683
88$8,162,374$3,635,601$2,821,647$5,101,975
89$8,941,104$3,759,914$2,862,341$5,424,301
90$9,797,569$3,888,622$2,902,702$5,774,071
91$10,739,645$4,021,889$2,942,666$6,153,936
92$11,776,008$4,159,881$2,982,165$6,566,814
93$12,916,220$4,302,773$3,021,125$7,015,917
94$14,170,813$4,450,748$3,059,472$7,504,781
95$15,551,394$4,603,993$3,097,123$8,037,296
96$17,070,752$4,762,705$3,133,992$8,617,746
97$18,742,978$4,927,086$3,169,990$9,250,846
98$20,583,598$5,097,350$3,205,021$9,941,790
99$22,609,720$5,273,714$3,238,984$10,696,293
100$24,840,193$5,456,408$3,271,772$11,520,651