Can I retire at age 74 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$202,319$200,517$198,758$197,042$195,366$190,954
2 years$100,158$98,292$96,485$94,732$93,032$88,610
3 years$66,109$64,235$62,432$60,696$59,023$54,730
4 years$49,087$47,220$45,434$43,728$42,096$37,964
5 years$38,877$37,021$35,259$33,587$32,001$28,042
6 years$32,073$30,230$28,495$26,860$25,321$21,540
7 years$27,214$25,387$23,679$22,083$20,593$16,990
8 years$23,572$21,762$20,082$18,525$17,084$13,658
9 years$20,741$18,947$17,296$15,779$14,387$11,136
10 years$18,477$16,701$15,079$13,602$12,258$9,178
11 years$16,626$14,868$13,276$11,838$10,543$7,629
12 years$15,085$13,345$11,782$10,383$9,136$6,384
13 years$13,782$12,060$10,526$9,167$7,967$5,372
14 years$12,666$10,962$9,458$8,137$6,984$4,540
15 years$11,699$10,014$8,539$7,257$6,149$3,852
16 years$10,854$9,188$7,742$6,498$5,434$3,278
17 years$10,110$8,462$7,045$5,838$4,819$2,796
18 years$9,449$7,819$6,431$5,261$4,284$2,391
19 years$8,858$7,246$5,887$4,754$3,819$2,048
20 years$8,327$6,734$5,403$4,306$3,411$1,757
21 years$7,847$6,272$4,970$3,908$3,052$1,509
22 years$7,411$5,855$4,580$3,553$2,736$1,297
23 years$7,014$5,476$4,229$3,236$2,456$1,117
24 years$6,650$5,131$3,911$2,951$2,208$962
25 years$6,316$4,815$3,623$2,695$1,987$829
26 years$6,009$4,525$3,360$2,464$1,789$715
27 years$5,724$4,259$3,120$2,256$1,613$617
28 years$5,461$4,013$2,900$2,067$1,456$533
29 years$5,215$3,786$2,699$1,895$1,314$460
30 years$4,987$3,575$2,514$1,739$1,188$398
31 years$4,774$3,380$2,344$1,597$1,074$344
32 years$4,575$3,198$2,187$1,468$971$297
33 years$4,388$3,029$2,042$1,350$879$257
34 years$4,212$2,870$1,908$1,242$796$222
35 years$4,047$2,722$1,784$1,143$721$192
36 years$3,891$2,584$1,669$1,053$653$166
37 years$3,744$2,454$1,562$970$592$144
38 years$3,605$2,332$1,462$894$537$124
39 years$3,474$2,218$1,370$825$487$108
40 years$3,350$2,110$1,284$761$441$93
41 years$3,231$2,009$1,204$702$400$81
42 years$3,119$1,913$1,130$648$363$70
43 years$3,013$1,823$1,060$598$330$60
44 years$2,911$1,737$995$552$299$52
45 years$2,814$1,657$934$510$272$45
46 years$2,722$1,580$877$471$247$39
47 years$2,634$1,508$824$435$224$34
48 years$2,550$1,440$775$402$203$29
49 years$2,469$1,375$728$372$185$25
50 years$2,392$1,313$685$343$168$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,450,000, adding $3,763 every year, while hoping to spend $54,684 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: 32/50/18 Blend
73$2,450,000$2,450,000$2,450,000$2,450,000
74$2,703,782$2,573,932$2,535,957$2,775,007
75$2,921,384$2,641,871$2,562,728$2,896,278
76$3,159,349$2,711,306$2,588,563$3,021,535
77$3,419,696$2,782,254$2,613,373$3,155,290
78$3,704,648$2,854,727$2,637,065$3,298,319
79$4,016,654$2,928,741$2,659,538$3,451,472
80$4,358,410$3,004,306$2,680,689$3,615,689
81$4,732,884$3,081,434$2,700,409$3,792,001
82$5,143,348$3,160,133$2,718,582$3,981,545
83$5,593,401$3,240,412$2,735,087$4,185,572
84$6,087,011$3,322,275$2,749,795$4,405,460
85$6,628,547$3,405,727$2,762,574$4,642,728
86$7,222,819$3,490,769$2,773,281$4,899,046
87$7,875,130$3,577,399$2,781,769$5,176,257
88$8,591,317$3,665,616$2,787,882$5,476,388
89$9,377,812$3,755,412$2,791,457$5,801,674
90$10,241,701$3,846,779$2,792,323$6,154,577
91$11,190,788$3,939,704$2,790,299$6,537,811
92$12,233,671$4,034,173$2,785,197$6,954,363
93$13,379,824$4,130,165$2,776,819$7,407,527
94$14,639,680$4,227,658$2,764,957$7,900,934
95$16,024,739$4,326,624$2,749,394$8,438,582
96$17,547,665$4,427,032$2,729,901$9,024,880
97$19,222,415$4,528,844$2,706,241$9,664,685
98$21,064,362$4,632,019$2,678,162$10,363,350
99$23,090,449$4,736,509$2,645,401$11,126,776
100$25,319,338$4,842,262$2,607,686$11,961,466