Can I retire at age 74 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$199,016$197,243$195,513$193,825$192,177$187,000
2 years$98,523$96,688$94,909$93,185$91,513$86,334
3 years$65,029$63,186$61,413$59,705$58,059$53,041
4 years$48,286$46,449$44,693$43,014$41,408$36,589
5 years$38,243$36,416$34,683$33,039$31,478$26,871
6 years$31,549$29,737$28,029$26,421$24,908$20,517
7 years$26,770$24,973$23,292$21,722$20,256$16,083
8 years$23,187$21,406$19,754$18,222$16,805$12,846
9 years$20,402$18,638$17,014$15,521$14,152$10,404
10 years$18,175$16,429$14,833$13,380$12,058$8,516
11 years$16,355$14,625$13,059$11,644$10,370$7,029
12 years$14,839$13,127$11,589$10,214$8,987$5,840
13 years$13,557$11,863$10,354$9,017$7,837$4,878
14 years$12,459$10,783$9,303$8,004$6,870$4,092
15 years$11,508$9,851$8,400$7,138$6,049$3,445
16 years$10,677$9,038$7,616$6,392$5,346$2,909
17 years$9,945$8,323$6,930$5,743$4,740$2,462
18 years$9,294$7,691$6,326$5,176$4,214$2,088
19 years$8,713$7,128$5,791$4,677$3,756$1,773
20 years$8,191$6,624$5,315$4,236$3,355$1,509
21 years$7,719$6,170$4,889$3,844$3,003$1,285
22 years$7,290$5,759$4,506$3,495$2,691$1,096
23 years$6,899$5,387$4,160$3,183$2,416$935
24 years$6,542$5,047$3,848$2,903$2,172$798
25 years$6,213$4,736$3,564$2,651$1,954$682
26 years$5,911$4,451$3,305$2,424$1,760$583
27 years$5,631$4,189$3,069$2,219$1,587$499
28 years$5,371$3,947$2,853$2,033$1,432$427
29 years$5,130$3,724$2,655$1,864$1,293$365
30 years$4,906$3,517$2,473$1,711$1,168$313
31 years$4,696$3,325$2,306$1,571$1,056$268
32 years$4,500$3,146$2,151$1,444$955$230
33 years$4,316$2,979$2,008$1,328$865$197
34 years$4,143$2,823$1,877$1,222$783$168
35 years$3,981$2,678$1,755$1,125$709$144
36 years$3,828$2,542$1,641$1,036$642$124
37 years$3,683$2,414$1,536$954$582$106
38 years$3,547$2,294$1,439$880$528$91
39 years$3,417$2,182$1,348$811$479$78
40 years$3,295$2,076$1,263$748$434$67
41 years$3,179$1,976$1,185$690$394$57
42 years$3,068$1,882$1,111$637$357$49
43 years$2,963$1,793$1,043$588$324$42
44 years$2,863$1,709$979$543$294$36
45 years$2,768$1,630$919$501$267$31
46 years$2,677$1,555$863$463$243$27
47 years$2,591$1,484$811$428$220$23
48 years$2,508$1,416$762$395$200$20
49 years$2,429$1,353$716$365$182$17
50 years$2,353$1,292$673$338$165$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,410,000, adding $2,579 every year, while hoping to spend $31,840 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: 28/49/23 Blend
73$2,410,000$2,410,000$2,410,000$2,410,000
74$2,658,480$2,530,750$2,493,395$2,713,664
75$2,895,768$2,620,879$2,543,046$2,847,213
76$3,156,191$2,714,358$2,593,294$2,987,627
77$3,442,077$2,811,316$2,644,124$3,137,826
78$3,755,989$2,911,890$2,695,521$3,298,668
79$4,100,747$3,016,220$2,747,469$3,471,093
80$4,479,463$3,124,455$2,799,949$3,656,131
81$4,895,562$3,236,747$2,852,941$3,854,913
82$5,352,818$3,353,256$2,906,423$4,068,681
83$5,855,388$3,474,148$2,960,371$4,298,797
84$6,407,852$3,599,596$3,014,758$4,546,758
85$7,015,257$3,729,780$3,069,556$4,814,205
86$7,683,163$3,864,888$3,124,735$5,102,945
87$8,417,693$4,005,116$3,180,262$5,414,960
88$9,225,597$4,150,666$3,236,100$5,752,427
89$10,114,311$4,301,751$3,292,212$6,117,742
90$11,092,025$4,458,592$3,348,556$6,513,536
91$12,167,768$4,621,419$3,405,089$6,942,703
92$13,351,483$4,790,472$3,461,762$7,408,422
93$14,654,130$4,966,000$3,518,526$7,914,192
94$16,087,781$5,148,264$3,575,327$8,463,859
95$17,665,741$5,337,535$3,632,107$9,061,655
96$19,402,669$5,534,097$3,688,805$9,712,232
97$21,314,717$5,738,243$3,745,355$10,420,713
98$23,419,682$5,950,281$3,801,689$11,192,728
99$25,737,176$6,170,531$3,857,731$12,034,478
100$28,288,807$6,399,326$3,913,405$12,952,782