Can I retire at age 74 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$189,932$188,240$186,589$184,978$183,405$182,249
2 years$94,026$92,275$90,577$88,932$87,336$86,170
3 years$62,061$60,302$58,610$56,980$55,409$54,270
4 years$46,082$44,329$42,653$41,051$39,518$38,413
5 years$36,497$34,754$33,100$31,531$30,041$28,974
6 years$30,109$28,379$26,750$25,215$23,771$22,743
7 years$25,548$23,833$22,229$20,731$19,332$18,344
8 years$22,129$20,429$18,852$17,391$16,038$15,090
9 years$19,471$17,787$16,237$14,813$13,506$12,598
10 years$17,346$15,679$14,156$12,769$11,508$10,639
11 years$15,608$13,958$12,463$11,113$9,897$9,067
12 years$14,161$12,528$11,060$9,747$8,577$7,785
13 years$12,938$11,321$9,882$8,606$7,479$6,724
14 years$11,890$10,291$8,879$7,639$6,556$5,837
15 years$10,983$9,401$8,016$6,813$5,772$5,089
16 years$10,190$8,625$7,268$6,100$5,102$4,453
17 years$9,491$7,943$6,614$5,481$4,524$3,908
18 years$8,870$7,340$6,037$4,939$4,022$3,439
19 years$8,316$6,803$5,527$4,463$3,585$3,033
20 years$7,817$6,321$5,072$4,042$3,202$2,680
21 years$7,366$5,888$4,666$3,669$2,866$2,372
22 years$6,957$5,496$4,300$3,336$2,569$2,103
23 years$6,585$5,141$3,970$3,038$2,306$1,867
24 years$6,243$4,816$3,672$2,771$2,072$1,659
25 years$5,930$4,520$3,401$2,530$1,865$1,476
26 years$5,641$4,248$3,154$2,314$1,680$1,314
27 years$5,374$3,998$2,929$2,118$1,514$1,171
28 years$5,126$3,767$2,723$1,940$1,367$1,044
29 years$4,896$3,554$2,534$1,779$1,234$932
30 years$4,682$3,356$2,360$1,633$1,115$832
31 years$4,482$3,173$2,200$1,500$1,008$743
32 years$4,294$3,002$2,053$1,378$912$664
33 years$4,119$2,843$1,917$1,267$825$593
34 years$3,954$2,695$1,791$1,166$747$531
35 years$3,799$2,556$1,674$1,073$677$475
36 years$3,653$2,426$1,566$989$613$425
37 years$3,515$2,304$1,466$911$556$380
38 years$3,385$2,190$1,373$840$504$340
39 years$3,261$2,082$1,286$774$457$305
40 years$3,144$1,981$1,206$714$414$273
41 years$3,034$1,886$1,131$659$376$244
42 years$2,928$1,796$1,060$608$341$219
43 years$2,828$1,711$995$561$310$196
44 years$2,733$1,631$934$518$281$176
45 years$2,642$1,555$877$479$255$157
46 years$2,555$1,484$824$442$232$141
47 years$2,473$1,416$774$408$210$126
48 years$2,393$1,352$727$377$191$113
49 years$2,318$1,291$684$349$173$102
50 years$2,246$1,233$643$322$158$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,300,000, adding $4,272 every year, while hoping to spend $26,742 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: 40/46/14 Blend
73$2,300,000$2,300,000$2,300,000$2,300,000
74$2,539,007$2,417,107$2,381,457$2,629,818
75$2,769,532$2,507,092$2,432,782$2,784,517
76$3,022,675$2,600,589$2,484,931$2,948,825
77$3,300,713$2,697,744$2,537,902$3,125,993
78$3,606,158$2,798,706$2,591,694$3,317,199
79$3,941,775$2,903,631$2,646,304$3,523,738
80$4,310,610$3,012,683$2,701,729$3,747,031
81$4,716,020$3,126,032$2,757,965$3,988,638
82$5,161,702$3,243,855$2,815,004$4,250,276
83$5,651,729$3,366,338$2,872,841$4,533,827
84$6,190,591$3,493,674$2,931,467$4,841,363
85$6,783,232$3,626,065$2,990,871$5,175,159
86$7,435,100$3,763,721$3,051,044$5,537,716
87$8,152,198$3,906,861$3,111,972$5,931,785
88$8,941,140$4,055,714$3,173,640$6,360,390
89$9,809,212$4,210,520$3,236,033$6,826,855
90$10,764,444$4,371,528$3,299,133$7,334,838
91$11,815,683$4,538,998$3,362,919$7,888,361
92$12,972,676$4,713,202$3,427,370$8,491,850
93$14,246,163$4,894,424$3,492,461$9,150,171
94$15,647,980$5,082,959$3,558,167$9,868,681
95$17,191,167$5,279,116$3,624,458$10,653,273
96$18,890,091$5,483,219$3,691,303$11,510,432
97$20,760,588$5,695,604$3,758,669$12,447,295
98$22,820,101$5,916,622$3,826,518$13,471,717
99$25,087,856$6,146,641$3,894,811$14,592,342
100$27,585,035$6,386,044$3,963,505$15,818,688