Can I retire at age 74 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$180,848$179,237$177,666$176,132$174,634$170,620
2 years$89,529$87,861$86,245$84,679$83,159$79,137
3 years$59,093$57,418$55,807$54,254$52,759$48,856
4 years$43,878$42,209$40,613$39,087$37,628$33,872
5 years$34,751$33,092$31,517$30,023$28,605$25,007
6 years$28,669$27,022$25,471$24,009$22,634$19,198
7 years$24,326$22,693$21,166$19,739$18,407$15,134
8 years$21,071$19,452$17,951$16,559$15,271$12,159
9 years$18,540$16,937$15,461$14,105$12,860$9,907
10 years$16,516$14,929$13,479$12,158$10,957$8,160
11 years$14,862$13,290$11,867$10,581$9,424$6,779
12 years$13,484$11,929$10,531$9,281$8,166$5,669
13 years$12,319$10,780$9,409$8,194$7,121$4,767
14 years$11,321$9,799$8,454$7,274$6,242$4,026
15 years$10,458$8,951$7,633$6,487$5,496$3,413
16 years$9,703$8,213$6,920$5,808$4,858$2,903
17 years$9,037$7,564$6,297$5,219$4,307$2,474
18 years$8,446$6,989$5,749$4,703$3,830$2,114
19 years$7,918$6,477$5,263$4,250$3,414$1,809
20 years$7,443$6,019$4,830$3,849$3,049$1,551
21 years$7,014$5,607$4,442$3,493$2,729$1,331
22 years$6,625$5,234$4,094$3,176$2,446$1,144
23 years$6,270$4,895$3,780$2,892$2,195$984
24 years$5,945$4,586$3,496$2,638$1,973$847
25 years$5,646$4,304$3,238$2,409$1,776$729
26 years$5,371$4,045$3,003$2,203$1,599$629
27 years$5,117$3,807$2,789$2,016$1,442$542
28 years$4,881$3,587$2,593$1,847$1,301$468
29 years$4,662$3,384$2,413$1,694$1,175$404
30 years$4,458$3,196$2,247$1,555$1,062$348
31 years$4,267$3,021$2,095$1,428$960$301
32 years$4,089$2,859$1,955$1,312$868$260
33 years$3,922$2,707$1,825$1,207$786$224
34 years$3,765$2,566$1,705$1,110$711$194
35 years$3,617$2,434$1,594$1,022$644$168
36 years$3,478$2,310$1,491$941$584$145
37 years$3,347$2,194$1,396$867$529$125
38 years$3,223$2,085$1,307$799$480$108
39 years$3,105$1,983$1,225$737$435$94
40 years$2,994$1,886$1,148$680$395$81
41 years$2,888$1,795$1,076$627$358$70
42 years$2,788$1,710$1,010$579$325$61
43 years$2,693$1,629$948$534$295$52
44 years$2,602$1,553$889$493$268$45
45 years$2,516$1,481$835$456$243$39
46 years$2,433$1,413$784$421$221$34
47 years$2,354$1,348$737$389$200$29
48 years$2,279$1,287$692$359$182$25
49 years$2,207$1,229$651$332$165$22
50 years$2,138$1,174$612$307$150$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,190,000, adding $5,916 every year, while hoping to spend $45,628 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: 45/26/29 Blend
73$2,190,000$2,190,000$2,190,000$2,190,000
74$2,419,482$2,303,412$2,269,467$2,507,830
75$2,617,722$2,367,732$2,296,947$2,635,651
76$2,834,652$2,433,673$2,323,817$2,769,370
77$3,072,132$2,501,269$2,350,011$2,913,531
78$3,332,208$2,570,549$2,375,454$3,069,135
79$3,617,133$2,641,546$2,400,072$3,237,286
80$3,929,390$2,714,291$2,423,783$3,419,199
81$4,271,710$2,788,814$2,446,503$3,616,213
82$4,647,106$2,865,147$2,468,142$3,829,802
83$5,058,891$2,943,320$2,488,605$4,061,591
84$5,510,719$3,023,364$2,507,795$4,313,369
85$6,006,612$3,105,308$2,525,605$4,587,108
86$6,551,001$3,189,182$2,541,927$4,884,980
87$7,148,766$3,275,015$2,556,645$5,209,380
88$7,805,284$3,362,835$2,569,636$5,562,945
89$8,526,479$3,452,670$2,580,775$5,948,582
90$9,318,874$3,544,545$2,589,926$6,369,493
91$10,189,659$3,638,488$2,596,948$6,829,208
92$11,146,752$3,734,521$2,601,694$7,331,617
93$12,198,878$3,832,670$2,604,007$7,881,006
94$13,355,648$3,932,955$2,603,726$8,482,098
95$14,627,652$4,035,398$2,600,678$9,140,100
96$16,026,556$4,140,016$2,594,685$9,860,748
97$17,565,216$4,246,828$2,585,558$10,650,367
98$19,257,794$4,355,848$2,573,100$11,515,923
99$21,119,893$4,467,089$2,557,103$12,465,097
100$23,168,708$4,580,562$2,537,352$13,506,353