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%11.1%
1 years$203,145$201,335$199,570$197,846$196,164$195,255
2 years$100,567$98,694$96,878$95,118$93,411$92,494
3 years$66,378$64,497$62,687$60,943$59,264$58,367
4 years$49,288$47,412$45,620$43,906$42,268$41,397
5 years$39,036$37,172$35,403$33,724$32,131$31,290
6 years$32,204$30,354$28,611$26,970$25,424$24,613
7 years$27,325$25,491$23,776$22,173$20,677$19,897
8 years$23,668$21,850$20,164$18,600$17,153$16,404
9 years$20,825$19,025$17,367$15,843$14,446$13,727
10 years$18,552$16,769$15,141$13,657$12,308$11,620
11 years$16,694$14,929$13,330$11,886$10,586$9,928
12 years$15,146$13,399$11,830$10,426$9,173$8,545
13 years$13,838$12,109$10,569$9,204$7,999$7,400
14 years$12,717$11,007$9,496$8,170$7,012$6,441
15 years$11,747$10,055$8,574$7,287$6,174$5,630
16 years$10,899$9,225$7,774$6,524$5,457$4,939
17 years$10,151$8,496$7,074$5,862$4,838$4,347
18 years$9,487$7,851$6,457$5,283$4,302$3,836
19 years$8,894$7,276$5,911$4,774$3,834$3,392
20 years$8,361$6,761$5,425$4,323$3,425$3,006
21 years$7,879$6,298$4,990$3,924$3,065$2,669
22 years$7,441$5,879$4,599$3,568$2,747$2,373
23 years$7,043$5,498$4,247$3,249$2,466$2,113
24 years$6,678$5,152$3,927$2,963$2,217$1,884
25 years$6,342$4,834$3,637$2,706$1,995$1,681
26 years$6,033$4,544$3,374$2,474$1,797$1,501
27 years$5,748$4,276$3,133$2,265$1,620$1,342
28 years$5,483$4,029$2,912$2,075$1,462$1,200
29 years$5,237$3,801$2,710$1,903$1,320$1,075
30 years$5,007$3,590$2,524$1,746$1,193$962
31 years$4,793$3,394$2,353$1,604$1,078$862
32 years$4,593$3,211$2,196$1,474$975$773
33 years$4,405$3,041$2,050$1,356$883$693
34 years$4,229$2,882$1,916$1,247$799$622
35 years$4,063$2,734$1,791$1,148$724$558
36 years$3,907$2,595$1,675$1,057$656$501
37 years$3,760$2,464$1,568$974$594$450
38 years$3,620$2,342$1,468$898$539$404
39 years$3,488$2,227$1,376$828$489$363
40 years$3,363$2,119$1,290$764$443$326
41 years$3,245$2,017$1,209$705$402$293
42 years$3,132$1,921$1,134$650$365$264
43 years$3,025$1,830$1,064$600$331$237
44 years$2,923$1,744$999$554$301$213
45 years$2,826$1,664$938$512$273$192
46 years$2,733$1,587$881$473$248$172
47 years$2,645$1,514$828$437$225$155
48 years$2,560$1,446$778$404$204$139
49 years$2,479$1,381$731$373$186$125
50 years$2,402$1,319$687$345$169$113

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 $2,754 every year, while hoping to spend $39,812 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: 51/32/17 Blend
73$2,460,000$2,460,000$2,460,000$2,460,000
74$2,713,761$2,583,381$2,545,251$2,839,356
75$2,948,205$2,667,607$2,588,157$3,010,247
76$3,205,228$2,754,625$2,631,166$3,191,564
77$3,487,090$2,844,532$2,674,240$3,387,826
78$3,796,284$2,937,424$2,717,337$3,600,456
79$4,135,550$3,033,403$2,760,413$3,831,025
80$4,507,911$3,132,575$2,803,422$4,081,257
81$4,916,695$3,235,048$2,846,313$4,353,049
82$5,365,567$3,340,935$2,889,034$4,648,493
83$5,858,567$3,450,352$2,931,529$4,969,885
84$6,400,142$3,563,421$2,973,737$5,319,758
85$6,995,194$3,680,266$3,015,594$5,700,895
86$7,649,122$3,801,017$3,057,035$6,116,364
87$8,367,874$3,925,809$3,097,987$6,569,540
88$9,158,003$4,054,779$3,138,375$7,064,138
89$10,026,727$4,188,071$3,178,119$7,604,252
90$10,982,002$4,325,835$3,217,135$8,194,386
91$12,032,590$4,468,225$3,255,332$8,839,502
92$13,188,147$4,615,400$3,292,618$9,545,064
93$14,459,309$4,767,526$3,328,893$10,317,087
94$15,857,798$4,924,775$3,364,050$11,162,199
95$17,396,528$5,087,323$3,397,980$12,087,698
96$19,089,727$5,255,355$3,430,566$13,101,622
97$20,953,073$5,429,061$3,461,684$14,212,825
98$23,003,841$5,608,640$3,491,204$15,431,058
99$25,261,063$5,794,294$3,518,990$16,767,065
100$27,745,714$5,986,236$3,544,899$18,232,678