Can I retire at age 74 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$185,803$184,148$182,533$180,957$179,418$176,737
2 years$91,982$90,269$88,608$86,999$85,437$82,742
3 years$60,712$58,991$57,335$55,741$54,205$51,580
4 years$45,080$43,365$41,726$40,158$38,659$36,124
5 years$35,704$33,999$32,381$30,845$29,388$26,950
6 years$29,455$27,762$26,168$24,667$23,254$20,916
7 years$24,993$23,315$21,746$20,280$18,912$16,675
8 years$21,648$19,985$18,442$17,013$15,689$13,553
9 years$19,048$17,401$15,884$14,491$13,212$11,176
10 years$16,969$15,338$13,848$12,491$11,258$9,319
11 years$15,269$13,654$12,192$10,871$9,682$7,840
12 years$13,853$12,255$10,820$9,536$8,390$6,642
13 years$12,657$11,075$9,667$8,418$7,316$5,659
14 years$11,632$10,067$8,686$7,473$6,414$4,845
15 years$10,744$9,197$7,842$6,665$5,647$4,165
16 years$9,968$8,438$7,110$5,967$4,991$3,592
17 years$9,285$7,771$6,470$5,362$4,425$3,106
18 years$8,677$7,181$5,906$4,832$3,935$2,693
19 years$8,135$6,655$5,407$4,366$3,507$2,339
20 years$7,647$6,184$4,962$3,954$3,133$2,035
21 years$7,206$5,760$4,564$3,589$2,803$1,774
22 years$6,806$5,377$4,207$3,263$2,513$1,548
23 years$6,441$5,029$3,884$2,972$2,256$1,352
24 years$6,108$4,712$3,592$2,710$2,027$1,182
25 years$5,801$4,422$3,327$2,475$1,824$1,034
26 years$5,518$4,156$3,086$2,263$1,643$906
27 years$5,257$3,911$2,865$2,072$1,482$794
28 years$5,015$3,685$2,664$1,898$1,337$696
29 years$4,790$3,477$2,479$1,741$1,207$611
30 years$4,580$3,283$2,309$1,597$1,091$536
31 years$4,384$3,104$2,152$1,467$986$470
32 years$4,201$2,937$2,008$1,348$892$413
33 years$4,029$2,781$1,875$1,240$807$363
34 years$3,868$2,636$1,752$1,141$731$319
35 years$3,716$2,500$1,638$1,050$662$280
36 years$3,574$2,373$1,532$967$600$246
37 years$3,439$2,254$1,434$891$544$217
38 years$3,311$2,142$1,343$821$493$191
39 years$3,190$2,037$1,258$757$447$168
40 years$3,076$1,938$1,179$699$405$147
41 years$2,968$1,845$1,106$644$368$130
42 years$2,865$1,757$1,037$595$334$114
43 years$2,767$1,674$973$549$303$100
44 years$2,673$1,596$914$507$275$88
45 years$2,584$1,522$858$468$250$78
46 years$2,500$1,451$806$432$227$68
47 years$2,419$1,385$757$400$206$60
48 years$2,341$1,322$711$369$187$53
49 years$2,268$1,263$669$341$170$47
50 years$2,197$1,206$629$315$154$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,250,000, adding $6,125 every year, while hoping to spend $57,649 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: 67/28/5 Blend
73$2,250,000$2,250,000$2,250,000$2,250,000
74$2,485,818$2,366,568$2,331,693$2,650,448
75$2,678,033$2,421,192$2,348,467$2,814,945
76$2,887,922$2,476,560$2,363,870$2,987,135
77$3,117,227$2,532,648$2,377,796$3,173,800
78$3,367,865$2,589,429$2,390,133$3,376,344
79$3,641,948$2,646,871$2,400,763$3,596,309
80$3,941,800$2,704,941$2,409,562$3,835,396
81$4,269,980$2,763,600$2,416,399$4,095,476
82$4,629,308$2,822,806$2,421,138$4,378,611
83$5,022,886$2,882,512$2,423,635$4,687,073
84$5,454,133$2,942,668$2,423,739$5,023,361
85$5,926,813$3,003,217$2,421,293$5,390,232
86$6,445,071$3,064,098$2,416,130$5,790,719
87$7,013,475$3,125,245$2,408,076$6,228,165
88$7,637,052$3,186,584$2,396,949$6,706,253
89$8,321,342$3,248,038$2,382,558$7,229,041
90$9,072,447$3,309,520$2,364,702$7,800,997
91$9,897,088$3,370,938$2,343,171$8,427,048
92$10,802,669$3,432,192$2,317,746$9,112,618
93$11,797,346$3,493,174$2,288,195$9,863,686
94$12,890,103$3,553,768$2,254,277$10,686,840
95$14,090,839$3,613,847$2,215,740$11,589,338
96$15,410,457$3,673,278$2,172,320$12,579,178
97$16,860,969$3,731,915$2,123,739$13,665,172
98$18,455,612$3,789,602$2,069,707$14,857,032
99$20,208,965$3,846,173$2,009,923$16,165,460
100$22,137,092$3,901,449$1,944,069$17,602,246