Can I retire at age 74 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$203,145$201,335$199,570$197,846$196,164$195,173
2 years$100,567$98,694$96,878$95,118$93,411$92,412
3 years$66,378$64,497$62,687$60,943$59,264$58,286
4 years$49,288$47,412$45,620$43,906$42,268$41,319
5 years$39,036$37,172$35,403$33,724$32,131$31,215
6 years$32,204$30,354$28,611$26,970$25,424$24,541
7 years$27,325$25,491$23,776$22,173$20,677$19,827
8 years$23,668$21,850$20,164$18,600$17,153$16,338
9 years$20,825$19,025$17,367$15,843$14,446$13,664
10 years$18,552$16,769$15,141$13,657$12,308$11,560
11 years$16,694$14,929$13,330$11,886$10,586$9,870
12 years$15,146$13,399$11,830$10,426$9,173$8,490
13 years$13,838$12,109$10,569$9,204$7,999$7,347
14 years$12,717$11,007$9,496$8,170$7,012$6,391
15 years$11,747$10,055$8,574$7,287$6,174$5,583
16 years$10,899$9,225$7,774$6,524$5,457$4,895
17 years$10,151$8,496$7,074$5,862$4,838$4,304
18 years$9,487$7,851$6,457$5,283$4,302$3,796
19 years$8,894$7,276$5,911$4,774$3,834$3,355
20 years$8,361$6,761$5,425$4,323$3,425$2,971
21 years$7,879$6,298$4,990$3,924$3,065$2,636
22 years$7,441$5,879$4,599$3,568$2,747$2,342
23 years$7,043$5,498$4,247$3,249$2,466$2,083
24 years$6,678$5,152$3,927$2,963$2,217$1,856
25 years$6,342$4,834$3,637$2,706$1,995$1,655
26 years$6,033$4,544$3,374$2,474$1,797$1,477
27 years$5,748$4,276$3,133$2,265$1,620$1,319
28 years$5,483$4,029$2,912$2,075$1,462$1,179
29 years$5,237$3,801$2,710$1,903$1,320$1,055
30 years$5,007$3,590$2,524$1,746$1,193$944
31 years$4,793$3,394$2,353$1,604$1,078$845
32 years$4,593$3,211$2,196$1,474$975$757
33 years$4,405$3,041$2,050$1,356$883$678
34 years$4,229$2,882$1,916$1,247$799$608
35 years$4,063$2,734$1,791$1,148$724$545
36 years$3,907$2,595$1,675$1,057$656$489
37 years$3,760$2,464$1,568$974$594$439
38 years$3,620$2,342$1,468$898$539$394
39 years$3,488$2,227$1,376$828$489$354
40 years$3,363$2,119$1,290$764$443$317
41 years$3,245$2,017$1,209$705$402$285
42 years$3,132$1,921$1,134$650$365$256
43 years$3,025$1,830$1,064$600$331$230
44 years$2,923$1,744$999$554$301$207
45 years$2,826$1,664$938$512$273$186
46 years$2,733$1,587$881$473$248$167
47 years$2,645$1,514$828$437$225$150
48 years$2,560$1,446$778$404$204$135
49 years$2,479$1,381$731$373$186$121
50 years$2,402$1,319$687$345$169$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,460,000, adding $5,637 every year, while hoping to spend $24,718 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: 71/19/10 Blend
73$2,460,000$2,460,000$2,460,000$2,460,000
74$2,716,735$2,586,355$2,548,225$2,903,978
75$2,967,542$2,686,786$2,607,290$3,129,068
76$3,243,103$2,791,310$2,667,506$3,371,799
77$3,545,917$2,900,102$2,728,885$3,636,826
78$3,878,736$3,013,343$2,791,439$3,926,341
79$4,244,593$3,131,223$2,855,178$4,242,755
80$4,646,831$3,253,942$2,920,115$4,588,723
81$5,089,129$3,381,706$2,986,261$4,967,169
82$5,575,543$3,514,733$3,053,624$5,381,310
83$6,110,543$3,653,249$3,122,214$5,834,689
84$6,699,051$3,797,491$3,192,041$6,331,205
85$7,346,491$3,947,705$3,263,111$6,875,152
86$8,058,841$4,104,150$3,335,433$7,471,261
87$8,842,685$4,267,096$3,409,013$8,124,736
88$9,705,279$4,436,824$3,483,855$8,841,313
89$10,654,618$4,613,629$3,559,964$9,627,305
90$11,699,510$4,797,818$3,637,345$10,489,666
91$12,849,663$4,989,714$3,715,998$11,436,057
92$14,115,770$5,189,651$3,795,926$12,474,910
93$15,509,617$5,397,982$3,877,127$13,615,518
94$17,044,188$5,615,074$3,959,602$14,868,112
95$18,733,792$5,841,309$4,043,345$16,243,965
96$20,594,195$6,077,090$4,128,354$17,755,492
97$22,642,770$6,322,835$4,214,621$19,416,369
98$24,898,661$6,578,982$4,302,139$21,241,660
99$27,382,963$6,845,990$4,390,899$23,247,961
100$30,118,919$7,124,337$4,480,888$25,453,554