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

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$179,197$177,600$176,043$174,523$173,039$170,806
2 years$88,711$87,059$85,458$83,905$82,399$80,153
3 years$58,553$56,894$55,297$53,759$52,278$50,087
4 years$43,477$41,823$40,242$38,730$37,285$35,168
5 years$34,434$32,790$31,229$29,749$28,343$26,306
6 years$28,407$26,775$25,238$23,790$22,427$20,471
7 years$24,104$22,486$20,973$19,559$18,239$16,366
8 years$20,878$19,275$17,787$16,408$15,131$13,340
9 years$18,370$16,782$15,320$13,976$12,743$11,033
10 years$16,365$14,793$13,356$12,047$10,857$9,228
11 years$14,726$13,169$11,758$10,485$9,338$7,787
12 years$13,361$11,820$10,435$9,196$8,092$6,618
13 years$12,207$10,682$9,323$8,119$7,056$5,658
14 years$11,218$9,709$8,377$7,207$6,185$4,860
15 years$10,362$8,870$7,563$6,428$5,446$4,192
16 years$9,614$8,138$6,857$5,755$4,813$3,628
17 years$8,954$7,494$6,240$5,171$4,268$3,148
18 years$8,369$6,925$5,696$4,660$3,795$2,739
19 years$7,846$6,418$5,215$4,211$3,382$2,388
20 years$7,375$5,964$4,786$3,814$3,021$2,086
21 years$6,950$5,555$4,402$3,461$2,704$1,824
22 years$6,564$5,186$4,057$3,147$2,423$1,598
23 years$6,212$4,850$3,746$2,866$2,175$1,401
24 years$5,890$4,544$3,464$2,614$1,955$1,230
25 years$5,595$4,265$3,209$2,387$1,759$1,081
26 years$5,322$4,008$2,976$2,183$1,585$950
27 years$5,070$3,772$2,763$1,998$1,429$836
28 years$4,836$3,554$2,569$1,831$1,289$736
29 years$4,619$3,353$2,391$1,679$1,164$648
30 years$4,417$3,167$2,227$1,541$1,052$571
31 years$4,228$2,994$2,076$1,415$951$504
32 years$4,052$2,832$1,937$1,300$860$444
33 years$3,886$2,682$1,808$1,196$779$392
34 years$3,731$2,542$1,690$1,100$705$346
35 years$3,584$2,411$1,580$1,013$638$305
36 years$3,446$2,289$1,478$933$578$269
37 years$3,316$2,174$1,383$859$524$238
38 years$3,193$2,066$1,295$792$475$210
39 years$3,077$1,964$1,214$730$431$185
40 years$2,967$1,869$1,138$674$391$164
41 years$2,862$1,779$1,067$622$355$145
42 years$2,763$1,694$1,001$574$322$128
43 years$2,668$1,614$939$530$292$113
44 years$2,578$1,539$881$489$265$100
45 years$2,493$1,467$827$452$241$88
46 years$2,411$1,400$777$417$219$78
47 years$2,333$1,336$730$385$198$69
48 years$2,258$1,275$686$356$180$61
49 years$2,187$1,218$645$329$164$54
50 years$2,119$1,163$606$304$149$48

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 $4,288 every year, while hoping to spend $54,898 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: 29/47/24 Blend
73$2,170,000$2,170,000$2,170,000$2,170,000
74$2,395,763$2,280,753$2,247,118$2,447,225
75$2,581,720$2,334,099$2,263,985$2,540,948
76$2,784,804$2,388,219$2,279,578$2,636,512
77$3,006,705$2,443,093$2,293,795$2,738,123
78$3,249,283$2,498,698$2,306,531$2,846,339
79$3,514,584$2,555,008$2,317,673$2,961,772
80$3,804,862$2,611,994$2,327,106$3,085,102
81$4,122,601$2,669,624$2,334,707$3,217,074
82$4,470,532$2,727,862$2,340,346$3,358,512
83$4,851,667$2,786,668$2,343,888$3,510,325
84$5,269,319$2,845,997$2,345,190$3,673,515
85$5,727,139$2,905,800$2,344,104$3,849,188
86$6,229,148$2,966,025$2,340,472$4,038,564
87$6,779,774$3,026,613$2,334,130$4,242,989
88$7,383,894$3,087,500$2,324,907$4,463,947
89$8,046,881$3,148,617$2,312,621$4,703,076
90$8,774,652$3,209,889$2,297,083$4,962,184
91$9,573,725$3,271,233$2,278,094$5,243,264
92$10,451,283$3,332,560$2,255,448$5,548,516
93$11,415,233$3,393,775$2,228,925$5,880,367
94$12,474,292$3,454,775$2,198,299$6,241,494
95$13,638,057$3,515,446$2,163,329$6,634,850
96$14,917,105$3,575,669$2,123,767$7,063,695
97$16,323,087$3,635,314$2,079,350$7,531,622
98$17,868,839$3,694,242$2,029,805$8,042,598
99$19,568,502$3,752,302$1,974,846$8,600,997
100$21,437,658$3,809,333$1,914,172$9,211,646