Can I retire at age 74 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$197,364$195,606$193,891$192,217$190,582$187,271
2 years$97,705$95,885$94,122$92,412$90,753$87,428
3 years$64,490$62,662$60,903$59,209$57,578$54,342
4 years$47,885$46,063$44,322$42,657$41,065$37,943
5 years$37,925$36,114$34,396$32,765$31,217$28,219
6 years$31,287$29,490$27,797$26,202$24,701$21,830
7 years$26,548$24,766$23,099$21,542$20,088$17,345
8 years$22,995$21,229$19,590$18,071$16,665$14,049
9 years$20,233$18,483$16,873$15,393$14,035$11,544
10 years$18,025$16,292$14,710$13,269$11,958$9,591
11 years$16,219$14,504$12,951$11,548$10,284$8,038
12 years$14,715$13,018$11,493$10,129$8,912$6,783
13 years$13,444$11,764$10,268$8,942$7,772$5,757
14 years$12,355$10,694$9,226$7,938$6,813$4,909
15 years$11,413$9,769$8,330$7,079$5,998$4,202
16 years$10,589$8,963$7,552$6,339$5,301$3,609
17 years$9,862$8,254$6,872$5,695$4,701$3,108
18 years$9,217$7,627$6,274$5,133$4,180$2,682
19 years$8,641$7,069$5,743$4,638$3,725$2,320
20 years$8,123$6,569$5,271$4,200$3,327$2,009
21 years$7,655$6,119$4,848$3,812$2,978$1,743
22 years$7,230$5,711$4,468$3,466$2,669$1,514
23 years$6,842$5,342$4,126$3,157$2,396$1,317
24 years$6,488$5,005$3,816$2,879$2,154$1,146
25 years$6,162$4,697$3,534$2,629$1,938$998
26 years$5,862$4,414$3,278$2,404$1,746$870
27 years$5,584$4,154$3,044$2,201$1,574$759
28 years$5,327$3,915$2,829$2,016$1,420$662
29 years$5,088$3,693$2,633$1,849$1,282$578
30 years$4,865$3,488$2,453$1,697$1,159$505
31 years$4,657$3,297$2,286$1,558$1,047$441
32 years$4,463$3,120$2,133$1,432$948$385
33 years$4,280$2,954$1,992$1,317$858$337
34 years$4,109$2,800$1,861$1,212$776$294
35 years$3,948$2,656$1,740$1,115$703$257
36 years$3,796$2,521$1,628$1,027$637$225
37 years$3,653$2,394$1,523$947$577$197
38 years$3,517$2,275$1,427$872$524$172
39 years$3,389$2,164$1,337$804$475$151
40 years$3,268$2,058$1,253$742$431$132
41 years$3,152$1,959$1,175$685$391$115
42 years$3,043$1,866$1,102$632$354$101
43 years$2,939$1,778$1,034$583$322$88
44 years$2,840$1,695$971$538$292$77
45 years$2,745$1,616$911$497$265$68
46 years$2,655$1,542$856$459$241$59
47 years$2,569$1,471$804$424$219$52
48 years$2,487$1,405$756$392$198$45
49 years$2,409$1,341$710$362$180$40
50 years$2,333$1,281$668$335$164$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,390,000, adding $4,381 every year, while hoping to spend $36,743 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: 50/24/26 Blend
73$2,390,000$2,390,000$2,390,000$2,390,000
74$2,638,299$2,511,629$2,474,584$2,750,653
75$2,868,311$2,595,605$2,518,388$2,913,419
76$3,120,553$2,682,463$2,562,429$3,086,194
77$3,397,254$2,772,308$2,606,674$3,273,255
78$3,700,867$2,865,245$2,651,091$3,475,973
79$4,034,098$2,961,384$2,695,645$3,695,856
80$4,399,924$3,060,840$2,740,297$3,934,563
81$4,801,626$3,163,731$2,785,007$4,193,922
82$5,242,819$3,270,181$2,829,732$4,475,943
83$5,727,483$3,380,316$2,874,424$4,782,839
84$6,260,005$3,494,270$2,919,036$5,117,048
85$6,845,215$3,612,180$2,963,514$5,481,252
86$7,488,439$3,734,188$3,007,803$5,878,405
87$8,195,538$3,860,442$3,051,843$6,311,761
88$8,972,976$3,991,096$3,095,572$6,784,901
89$9,827,868$4,126,309$3,138,923$7,301,768
90$10,768,059$4,266,246$3,181,825$7,866,708
91$11,802,188$4,411,080$3,224,204$8,484,504
92$12,939,776$4,560,987$3,265,979$9,160,426
93$14,191,312$4,716,154$3,307,068$9,900,277
94$15,568,352$4,876,771$3,347,381$10,710,449
95$17,083,630$5,043,039$3,386,824$11,597,984
96$18,751,176$5,215,164$3,425,299$12,570,639
97$20,586,450$5,393,362$3,462,701$13,636,957
98$22,606,486$5,577,854$3,498,919$14,806,351
99$24,830,053$5,768,874$3,533,838$16,089,190
100$27,277,830$5,966,661$3,567,334$17,496,896