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

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$180,848$179,237$177,666$176,132$174,634$173,098
2 years$89,529$87,861$86,245$84,679$83,159$81,612
3 years$59,093$57,418$55,807$54,254$52,759$51,248
4 years$43,878$42,209$40,613$39,087$37,628$36,165
5 years$34,751$33,092$31,517$30,023$28,605$27,193
6 years$28,669$27,022$25,471$24,009$22,634$21,276
7 years$24,326$22,693$21,166$19,739$18,407$17,104
8 years$21,071$19,452$17,951$16,559$15,271$14,022
9 years$18,540$16,937$15,461$14,105$12,860$11,666
10 years$16,516$14,929$13,479$12,158$10,957$9,816
11 years$14,862$13,290$11,867$10,581$9,424$8,335
12 years$13,484$11,929$10,531$9,281$8,166$7,129
13 years$12,319$10,780$9,409$8,194$7,121$6,134
14 years$11,321$9,799$8,454$7,274$6,242$5,304
15 years$10,458$8,951$7,633$6,487$5,496$4,606
16 years$9,703$8,213$6,920$5,808$4,858$4,014
17 years$9,037$7,564$6,297$5,219$4,307$3,508
18 years$8,446$6,989$5,749$4,703$3,830$3,074
19 years$7,918$6,477$5,263$4,250$3,414$2,699
20 years$7,443$6,019$4,830$3,849$3,049$2,375
21 years$7,014$5,607$4,442$3,493$2,729$2,093
22 years$6,625$5,234$4,094$3,176$2,446$1,847
23 years$6,270$4,895$3,780$2,892$2,195$1,632
24 years$5,945$4,586$3,496$2,638$1,973$1,444
25 years$5,646$4,304$3,238$2,409$1,776$1,278
26 years$5,371$4,045$3,003$2,203$1,599$1,133
27 years$5,117$3,807$2,789$2,016$1,442$1,005
28 years$4,881$3,587$2,593$1,847$1,301$892
29 years$4,662$3,384$2,413$1,694$1,175$792
30 years$4,458$3,196$2,247$1,555$1,062$703
31 years$4,267$3,021$2,095$1,428$960$625
32 years$4,089$2,859$1,955$1,312$868$556
33 years$3,922$2,707$1,825$1,207$786$495
34 years$3,765$2,566$1,705$1,110$711$440
35 years$3,617$2,434$1,594$1,022$644$392
36 years$3,478$2,310$1,491$941$584$349
37 years$3,347$2,194$1,396$867$529$310
38 years$3,223$2,085$1,307$799$480$277
39 years$3,105$1,983$1,225$737$435$246
40 years$2,994$1,886$1,148$680$395$219
41 years$2,888$1,795$1,076$627$358$196
42 years$2,788$1,710$1,010$579$325$174
43 years$2,693$1,629$948$534$295$155
44 years$2,602$1,553$889$493$268$138
45 years$2,516$1,481$835$456$243$123
46 years$2,433$1,413$784$421$221$110
47 years$2,354$1,348$737$389$200$98
48 years$2,279$1,287$692$359$182$87
49 years$2,207$1,229$651$332$165$78
50 years$2,138$1,174$612$307$150$70

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 $5,134 every year, while hoping to spend $38,310 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: 50/28/22 Blend
73$2,190,000$2,190,000$2,190,000$2,190,000
74$2,418,676$2,302,606$2,268,661$2,524,455
75$2,624,619$2,374,672$2,303,899$2,670,430
76$2,850,285$2,448,985$2,339,034$2,824,680
77$3,097,644$2,525,616$2,374,022$2,991,533
78$3,368,867$2,604,635$2,408,816$3,172,197
79$3,666,347$2,686,116$2,443,366$3,367,998
80$3,992,715$2,770,137$2,477,620$3,580,398
81$4,350,874$2,856,776$2,511,522$3,811,008
82$4,744,018$2,946,113$2,545,013$4,061,597
83$5,175,668$3,038,232$2,578,031$4,334,115
84$5,649,700$3,133,220$2,610,509$4,630,710
85$6,170,386$3,231,165$2,642,378$4,953,745
86$6,742,432$3,332,158$2,673,563$5,305,822
87$7,371,020$3,436,293$2,703,988$5,689,809
88$8,061,861$3,543,669$2,733,568$6,108,861
89$8,821,246$3,654,384$2,762,218$6,566,454
90$9,656,106$3,768,542$2,789,846$7,066,417
91$10,574,078$3,886,250$2,816,355$7,612,967
92$11,583,574$4,007,616$2,841,643$8,210,749
93$12,693,863$4,132,753$2,865,602$8,864,878
94$13,915,157$4,261,779$2,888,120$9,580,990
95$15,258,709$4,394,812$2,909,078$10,365,294
96$16,736,916$4,531,976$2,928,351$11,224,628
97$18,363,437$4,673,398$2,945,806$12,166,526
98$20,153,323$4,819,210$2,961,306$13,199,289
99$22,123,157$4,969,547$2,974,705$14,332,059
100$24,291,212$5,124,547$2,985,850$15,574,913