Can I retire at age 74 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$196,538$194,788$193,080$191,412$189,785$188,431
2 years$97,296$95,484$93,728$92,025$90,374$89,008
3 years$64,220$62,400$60,648$58,961$57,337$56,002
4 years$47,685$45,871$44,136$42,478$40,893$39,600
5 years$37,766$35,963$34,252$32,627$31,086$29,838
6 years$31,156$29,367$27,680$26,092$24,597$23,396
7 years$26,437$24,662$23,003$21,452$20,004$18,850
8 years$22,899$21,140$19,508$17,996$16,596$15,489
9 years$20,148$18,406$16,802$15,328$13,976$12,916
10 years$17,949$16,224$14,649$13,213$11,908$10,894
11 years$16,151$14,443$12,896$11,499$10,241$9,273
12 years$14,654$12,964$11,445$10,086$8,875$7,952
13 years$13,388$11,715$10,226$8,905$7,739$6,860
14 years$12,304$10,649$9,188$7,905$6,784$5,947
15 years$11,365$9,728$8,295$7,050$5,973$5,178
16 years$10,544$8,925$7,521$6,312$5,279$4,524
17 years$9,821$8,220$6,844$5,671$4,681$3,965
18 years$9,179$7,595$6,247$5,111$4,162$3,484
19 years$8,605$7,039$5,719$4,618$3,710$3,068
20 years$8,089$6,541$5,249$4,183$3,314$2,708
21 years$7,623$6,093$4,828$3,796$2,965$2,393
22 years$7,199$5,688$4,450$3,452$2,658$2,118
23 years$6,814$5,319$4,108$3,143$2,386$1,878
24 years$6,460$4,984$3,800$2,867$2,145$1,666
25 years$6,136$4,677$3,519$2,618$1,930$1,480
26 years$5,837$4,396$3,264$2,394$1,738$1,316
27 years$5,561$4,137$3,031$2,191$1,567$1,170
28 years$5,305$3,898$2,818$2,008$1,414$1,042
29 years$5,066$3,678$2,622$1,841$1,277$928
30 years$4,845$3,473$2,442$1,690$1,154$827
31 years$4,638$3,283$2,277$1,552$1,043$738
32 years$4,444$3,107$2,124$1,426$944$658
33 years$4,262$2,942$1,983$1,311$854$587
34 years$4,092$2,788$1,853$1,207$773$524
35 years$3,931$2,645$1,733$1,111$700$468
36 years$3,780$2,510$1,621$1,023$634$418
37 years$3,637$2,384$1,517$943$575$374
38 years$3,502$2,266$1,421$869$521$334
39 years$3,375$2,155$1,331$801$473$299
40 years$3,254$2,050$1,248$739$429$267
41 years$3,139$1,951$1,170$682$389$239
42 years$3,030$1,858$1,097$629$353$213
43 years$2,926$1,771$1,030$581$320$191
44 years$2,828$1,688$967$536$291$171
45 years$2,734$1,609$908$495$264$153
46 years$2,644$1,535$852$457$240$137
47 years$2,559$1,465$801$423$218$122
48 years$2,477$1,399$753$391$198$109
49 years$2,399$1,336$707$361$180$98
50 years$2,324$1,276$665$334$163$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,380,000, adding $3,878 every year, while hoping to spend $31,395 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: 29/46/25 Blend
73$2,380,000$2,380,000$2,380,000$2,380,000
74$2,626,760$2,500,620$2,463,730$2,682,434
75$2,861,286$2,589,747$2,512,861$2,815,347
76$3,118,681$2,682,188$2,562,586$2,955,123
77$3,401,244$2,778,073$2,612,891$3,104,757
78$3,711,510$2,877,538$2,663,761$3,265,119
79$4,052,268$2,980,721$2,715,181$3,437,164
80$4,426,592$3,087,769$2,767,133$3,621,940
81$4,837,869$3,198,834$2,819,596$3,820,598
82$5,289,828$3,314,073$2,872,549$4,034,402
83$5,786,579$3,433,652$2,925,968$4,264,737
84$6,332,651$3,557,742$2,979,829$4,513,126
85$6,933,031$3,686,521$3,034,103$4,781,244
86$7,593,215$3,820,175$3,088,760$5,070,928
87$8,319,258$3,958,899$3,143,769$5,384,199
88$9,117,831$4,102,893$3,199,093$5,723,276
89$9,996,283$4,252,368$3,254,696$6,090,601
90$10,962,713$4,407,543$3,310,537$6,488,858
91$12,026,043$4,568,647$3,366,574$6,920,995
92$13,196,105$4,735,916$3,422,759$7,390,259
93$14,483,730$4,909,598$3,479,044$7,900,218
94$15,900,854$5,089,952$3,535,376$8,454,796
95$17,460,628$5,277,246$3,591,698$9,058,313
96$19,177,543$5,471,762$3,647,950$9,715,518
97$21,067,564$5,673,790$3,704,069$10,431,640
98$23,148,286$5,883,636$3,759,985$11,212,429
99$25,439,094$6,101,617$3,815,628$12,064,217
100$27,961,350$6,328,065$3,870,919$12,993,969