Can I retire at age 74 with 2,370,000?

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 $2,370,000?

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 years$195,712$193,969$192,268$190,608$188,987$187,404
2 years$96,887$95,083$93,334$91,639$89,994$88,398
3 years$63,950$62,138$60,393$58,714$57,096$55,537
4 years$47,484$45,678$43,951$42,300$40,721$39,211
5 years$37,608$35,812$34,108$32,490$30,956$29,499
6 years$31,025$29,243$27,564$25,983$24,494$23,093
7 years$26,326$24,558$22,906$21,362$19,920$18,575
8 years$22,802$21,051$19,426$17,920$16,526$15,236
9 years$20,064$18,329$16,732$15,264$13,917$12,683
10 years$17,874$16,156$14,587$13,158$11,858$10,679
11 years$16,083$14,383$12,842$11,451$10,198$9,073
12 years$14,592$12,909$11,397$10,044$8,838$7,765
13 years$13,332$11,666$10,183$8,867$7,707$6,686
14 years$12,252$10,604$9,149$7,872$6,756$5,785
15 years$11,317$9,687$8,260$7,020$5,948$5,027
16 years$10,500$8,888$7,489$6,286$5,257$4,383
17 years$9,780$8,185$6,815$5,648$4,661$3,834
18 years$9,140$7,564$6,221$5,090$4,145$3,362
19 years$8,569$7,010$5,695$4,599$3,694$2,954
20 years$8,055$6,514$5,227$4,165$3,300$2,601
21 years$7,591$6,067$4,808$3,780$2,953$2,294
22 years$7,169$5,664$4,431$3,437$2,647$2,026
23 years$6,785$5,297$4,091$3,130$2,376$1,792
24 years$6,433$4,963$3,784$2,855$2,136$1,586
25 years$6,110$4,658$3,504$2,607$1,922$1,406
26 years$5,813$4,377$3,250$2,384$1,731$1,247
27 years$5,537$4,120$3,018$2,182$1,561$1,106
28 years$5,282$3,882$2,806$1,999$1,408$983
29 years$5,045$3,662$2,611$1,833$1,272$873
30 years$4,824$3,458$2,432$1,683$1,149$777
31 years$4,618$3,269$2,267$1,545$1,039$691
32 years$4,425$3,094$2,115$1,420$940$615
33 years$4,244$2,930$1,975$1,306$850$547
34 years$4,074$2,777$1,845$1,202$770$487
35 years$3,915$2,634$1,725$1,106$697$434
36 years$3,764$2,500$1,614$1,019$632$387
37 years$3,622$2,374$1,511$939$573$345
38 years$3,488$2,256$1,415$865$519$307
39 years$3,361$2,145$1,325$798$471$274
40 years$3,240$2,041$1,242$736$427$244
41 years$3,126$1,943$1,165$679$387$218
42 years$3,017$1,851$1,093$626$352$194
43 years$2,914$1,763$1,025$578$319$173
44 years$2,816$1,681$963$534$290$155
45 years$2,722$1,603$904$493$263$138
46 years$2,633$1,529$849$456$239$123
47 years$2,548$1,459$797$421$217$110
48 years$2,466$1,393$749$389$197$98
49 years$2,388$1,330$704$359$179$87
50 years$2,314$1,271$662$332$162$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,370,000, adding $3,235 every year, while hoping to spend $53,356 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: 26/48/26 Blend
73$2,370,000$2,370,000$2,370,000$2,370,000
74$2,615,077$2,489,467$2,452,732$2,661,646
75$2,825,044$2,554,680$2,478,128$2,764,997
76$3,054,640$2,621,301$2,502,587$2,871,003
77$3,305,810$2,689,342$2,526,020$2,983,634
78$3,580,697$2,758,813$2,548,336$3,103,483
79$3,881,660$2,829,727$2,569,437$3,231,206
80$4,211,296$2,902,090$2,589,220$3,367,525
81$4,572,467$2,975,911$2,607,577$3,513,234
82$4,968,323$3,051,196$2,624,396$3,669,207
83$5,402,335$3,127,947$2,639,556$3,836,411
84$5,878,324$3,206,168$2,652,932$4,015,905
85$6,400,500$3,285,857$2,664,392$4,208,863
86$6,973,500$3,367,012$2,673,798$4,416,573
87$7,602,430$3,449,629$2,681,003$4,640,457
88$8,292,916$3,533,700$2,685,855$4,882,082
89$9,051,156$3,619,213$2,688,194$5,143,177
90$9,883,975$3,706,156$2,687,850$5,425,644
91$10,798,895$3,794,512$2,684,647$5,731,582
92$11,804,199$3,884,260$2,678,400$6,063,305
93$12,909,015$3,975,376$2,668,913$6,423,365
94$14,123,396$4,067,831$2,655,984$6,814,572
95$15,458,421$4,161,593$2,639,398$7,240,027
96$16,926,293$4,256,625$2,618,931$7,703,147
97$18,540,458$4,352,882$2,594,348$8,207,701
98$20,315,730$4,450,319$2,565,404$8,757,844
99$22,268,430$4,548,880$2,531,841$9,358,155
100$24,416,541$4,648,507$2,493,389$10,013,684