Can I retire at age 74 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$190,758$189,058$187,401$185,783$184,203$182,279
2 years$94,434$92,676$90,971$89,319$87,716$85,778
3 years$62,331$60,565$58,864$57,227$55,650$53,760
4 years$46,282$44,521$42,838$41,229$39,690$37,861
5 years$36,656$34,905$33,244$31,668$30,172$28,409
6 years$30,240$28,503$26,866$25,325$23,874$22,180
7 years$25,659$23,937$22,326$20,821$19,416$17,791
8 years$22,225$20,518$18,934$17,466$16,107$14,552
9 years$19,556$17,865$16,308$14,877$13,565$12,078
10 years$17,421$15,747$14,218$12,824$11,558$10,139
11 years$15,676$14,019$12,517$11,161$9,940$8,588
12 years$14,223$12,582$11,109$9,790$8,614$7,327
13 years$12,994$11,371$9,925$8,643$7,512$6,288
14 years$11,942$10,336$8,917$7,672$6,585$5,423
15 years$11,031$9,442$8,051$6,842$5,798$4,696
16 years$10,234$8,663$7,300$6,127$5,124$4,081
17 years$9,532$7,978$6,642$5,505$4,543$3,557
18 years$8,909$7,372$6,064$4,961$4,040$3,108
19 years$8,352$6,832$5,551$4,482$3,601$2,721
20 years$7,851$6,349$5,094$4,060$3,216$2,387
21 years$7,398$5,914$4,686$3,684$2,878$2,097
22 years$6,988$5,520$4,319$3,350$2,580$1,846
23 years$6,613$5,163$3,988$3,051$2,316$1,626
24 years$6,270$4,837$3,688$2,783$2,081$1,434
25 years$5,956$4,540$3,416$2,541$1,873$1,266
26 years$5,665$4,267$3,168$2,324$1,687$1,118
27 years$5,397$4,015$2,942$2,127$1,521$988
28 years$5,148$3,784$2,735$1,949$1,372$874
29 years$4,917$3,569$2,545$1,787$1,239$774
30 years$4,702$3,371$2,370$1,640$1,120$685
31 years$4,501$3,187$2,210$1,506$1,012$607
32 years$4,313$3,015$2,062$1,384$916$538
33 years$4,137$2,855$1,925$1,273$829$477
34 years$3,971$2,706$1,799$1,171$750$423
35 years$3,816$2,567$1,682$1,078$680$375
36 years$3,669$2,436$1,573$993$616$333
37 years$3,530$2,314$1,472$915$558$296
38 years$3,399$2,199$1,379$843$506$262
39 years$3,276$2,091$1,292$778$459$233
40 years$3,158$1,990$1,211$717$416$207
41 years$3,047$1,894$1,135$662$378$184
42 years$2,941$1,804$1,065$611$343$163
43 years$2,840$1,719$999$564$311$145
44 years$2,745$1,638$938$520$282$129
45 years$2,653$1,562$881$481$256$114
46 years$2,566$1,490$827$444$233$102
47 years$2,483$1,422$777$410$211$90
48 years$2,404$1,358$730$379$192$80
49 years$2,328$1,296$687$350$174$71
50 years$2,255$1,238$645$324$158$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,310,000, adding $3,519 every year, while hoping to spend $29,386 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: 40/31/29 Blend
73$2,310,000$2,310,000$2,310,000$2,310,000
74$2,549,250$2,426,820$2,391,015$2,629,271
75$2,778,007$2,514,468$2,439,847$2,775,538
76$3,029,112$2,605,425$2,489,331$2,930,700
77$3,304,814$2,699,824$2,539,456$3,098,017
78$3,607,590$2,797,800$2,590,213$3,278,623
79$3,940,168$2,899,496$2,641,589$3,473,763
80$4,305,554$3,005,060$2,693,571$3,684,806
81$4,707,060$3,114,647$2,746,144$3,913,259
82$5,148,332$3,228,417$2,799,293$4,160,776
83$5,633,391$3,346,538$2,852,998$4,429,178
84$6,166,663$3,469,185$2,907,240$4,720,468
85$6,753,027$3,596,540$2,961,997$5,036,849
86$7,397,858$3,728,791$3,017,245$5,380,745
87$8,107,075$3,866,138$3,072,959$5,754,821
88$8,887,204$4,008,786$3,129,110$6,162,013
89$9,745,432$4,156,950$3,185,669$6,605,549
90$10,689,679$4,310,854$3,242,601$7,088,985
91$11,728,671$4,470,730$3,299,873$7,616,231
92$12,872,022$4,636,823$3,357,446$8,191,593
93$14,130,327$4,809,385$3,415,278$8,819,812
94$15,515,257$4,988,682$3,473,327$9,506,106
95$17,039,675$5,174,989$3,531,545$10,256,220
96$18,717,752$5,368,593$3,589,882$11,076,480
97$20,565,103$5,569,796$3,648,284$11,973,849
98$22,598,937$5,778,908$3,706,694$12,955,999
99$24,838,211$5,996,257$3,765,051$14,031,373
100$27,303,818$6,222,183$3,823,290$15,209,273