Can I retire at age 74 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$200,667$198,880$197,136$195,434$193,772$190,797
2 years$99,340$97,490$95,697$93,958$92,272$89,283
3 years$65,569$63,711$61,922$60,200$58,541$55,630
4 years$48,687$46,834$45,064$43,371$41,752$38,941
5 years$38,560$36,719$34,971$33,313$31,739$29,037
6 years$31,811$29,983$28,262$26,641$25,114$22,523
7 years$26,992$25,180$23,486$21,903$20,425$17,946
8 years$23,380$21,584$19,918$18,374$16,944$14,578
9 years$20,571$18,793$17,155$15,650$14,269$12,014
10 years$18,326$16,565$14,956$13,491$12,158$10,012
11 years$16,490$14,747$13,167$11,741$10,457$8,417
12 years$14,962$13,236$11,686$10,298$9,061$7,126
13 years$13,669$11,961$10,440$9,092$7,902$6,068
14 years$12,562$10,873$9,381$8,071$6,927$5,192
15 years$11,604$9,932$8,469$7,198$6,099$4,460
16 years$10,766$9,113$7,679$6,445$5,390$3,843
17 years$10,027$8,392$6,987$5,791$4,779$3,321
18 years$9,372$7,755$6,379$5,218$4,249$2,877
19 years$8,786$7,187$5,839$4,715$3,788$2,497
20 years$8,259$6,679$5,359$4,271$3,383$2,171
21 years$7,783$6,221$4,929$3,876$3,028$1,891
22 years$7,351$5,807$4,543$3,524$2,714$1,649
23 years$6,957$5,431$4,195$3,209$2,436$1,439
24 years$6,596$5,089$3,879$2,927$2,190$1,257
25 years$6,265$4,775$3,593$2,673$1,970$1,099
26 years$5,960$4,488$3,332$2,444$1,775$962
27 years$5,677$4,224$3,094$2,237$1,600$842
28 years$5,416$3,980$2,877$2,050$1,444$738
29 years$5,173$3,755$2,677$1,880$1,304$647
30 years$4,946$3,546$2,494$1,725$1,178$567
31 years$4,735$3,352$2,325$1,584$1,065$498
32 years$4,537$3,172$2,169$1,456$963$437
33 years$4,352$3,004$2,025$1,339$872$383
34 years$4,178$2,847$1,892$1,232$789$337
35 years$4,014$2,700$1,769$1,134$715$296
36 years$3,859$2,563$1,655$1,045$648$260
37 years$3,714$2,434$1,549$962$587$228
38 years$3,576$2,313$1,451$887$532$200
39 years$3,446$2,200$1,359$818$483$176
40 years$3,322$2,093$1,274$754$438$155
41 years$3,205$1,992$1,194$696$397$136
42 years$3,094$1,897$1,120$642$360$119
43 years$2,988$1,808$1,051$593$327$105
44 years$2,887$1,723$987$548$297$92
45 years$2,791$1,643$927$506$270$81
46 years$2,700$1,568$870$467$245$71
47 years$2,612$1,496$818$432$222$63
48 years$2,529$1,428$768$399$202$55
49 years$2,449$1,364$722$369$183$49
50 years$2,373$1,303$679$341$166$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,430,000, adding $6,633 every year, while hoping to spend $43,004 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: 67/26/7 Blend
73$2,430,000$2,430,000$2,430,000$2,430,000
74$2,684,702$2,555,912$2,518,247$2,860,934
75$2,912,786$2,635,396$2,556,852$3,058,197
76$3,162,693$2,717,333$2,595,310$3,267,963
77$3,436,603$2,801,798$2,633,569$3,496,131
78$3,736,919$2,888,869$2,671,576$3,744,492
79$4,066,286$2,978,624$2,709,274$4,015,015
80$4,427,616$3,071,146$2,746,604$4,309,871
81$4,824,118$3,166,518$2,783,501$4,631,446
82$5,259,328$3,264,827$2,819,898$4,982,370
83$5,737,139$3,366,162$2,855,723$5,365,536
84$6,261,839$3,470,616$2,890,902$5,784,131
85$6,838,153$3,578,283$2,925,354$6,241,663
86$7,471,286$3,689,260$2,958,994$6,741,995
87$8,166,970$3,803,647$2,991,734$7,289,383
88$8,931,524$3,921,549$3,023,480$7,888,511
89$9,771,905$4,043,070$3,054,132$8,544,539
90$10,695,780$4,168,321$3,083,586$9,263,150
91$11,711,595$4,297,414$3,111,732$10,050,604
92$12,828,656$4,430,466$3,138,453$10,913,794
93$14,057,215$4,567,595$3,163,627$11,860,313
94$15,408,568$4,708,924$3,187,126$12,898,528
95$16,895,161$4,854,580$3,208,814$14,037,651
96$18,530,707$5,004,694$3,228,548$15,287,833
97$20,330,313$5,159,399$3,246,179$16,660,255
98$22,310,628$5,318,832$3,261,549$18,167,234
99$24,489,994$5,483,137$3,274,493$19,822,341
100$26,888,621$5,652,458$3,284,836$21,640,526