Can I retire at age 74 with 2,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$206,448$204,609$202,815$201,063$199,354$197,766
2 years$102,202$100,298$98,454$96,665$94,930$93,330
3 years$67,458$65,546$63,706$61,934$60,228$58,664
4 years$50,089$48,183$46,362$44,620$42,955$41,440
5 years$39,671$37,776$35,979$34,273$32,654$31,192
6 years$32,727$30,847$29,076$27,408$25,838$24,431
7 years$27,770$25,905$24,162$22,534$21,013$19,663
8 years$24,053$22,206$20,492$18,903$17,432$16,138
9 years$21,164$19,334$17,649$16,101$14,680$13,441
10 years$18,854$17,042$15,387$13,879$12,509$11,324
11 years$16,965$15,172$13,547$12,079$10,758$9,627
12 years$15,393$13,617$12,022$10,595$9,322$8,245
13 years$14,063$12,306$10,741$9,354$8,129$7,103
14 years$12,924$11,186$9,651$8,303$7,126$6,150
15 years$11,938$10,218$8,713$7,405$6,274$5,348
16 years$11,076$9,375$7,900$6,630$5,545$4,666
17 years$10,316$8,634$7,189$5,957$4,917$4,084
18 years$9,642$7,978$6,562$5,369$4,372$3,584
19 years$9,039$7,394$6,008$4,851$3,897$3,151
20 years$8,497$6,871$5,513$4,394$3,481$2,777
21 years$8,007$6,400$5,071$3,988$3,115$2,451
22 years$7,562$5,974$4,674$3,626$2,792$2,166
23 years$7,157$5,588$4,316$3,302$2,506$1,917
24 years$6,786$5,235$3,991$3,012$2,253$1,698
25 years$6,445$4,913$3,697$2,750$2,027$1,506
26 years$6,131$4,617$3,428$2,515$1,826$1,337
27 years$5,841$4,346$3,184$2,302$1,646$1,188
28 years$5,572$4,095$2,960$2,109$1,485$1,056
29 years$5,322$3,863$2,754$1,934$1,341$939
30 years$5,089$3,648$2,565$1,775$1,212$835
31 years$4,871$3,449$2,392$1,630$1,096$744
32 years$4,668$3,263$2,231$1,498$991$663
33 years$4,477$3,090$2,084$1,378$897$590
34 years$4,298$2,929$1,947$1,268$812$526
35 years$4,129$2,778$1,820$1,167$736$469
36 years$3,971$2,637$1,703$1,075$666$418
37 years$3,821$2,504$1,594$990$604$373
38 years$3,679$2,380$1,492$913$548$333
39 years$3,545$2,263$1,398$841$497$297
40 years$3,418$2,153$1,310$776$450$265
41 years$3,297$2,050$1,229$716$409$237
42 years$3,183$1,952$1,153$661$371$211
43 years$3,074$1,860$1,082$610$337$189
44 years$2,970$1,773$1,015$563$305$168
45 years$2,872$1,691$953$520$277$150
46 years$2,777$1,613$895$481$252$134
47 years$2,688$1,539$841$444$229$120
48 years$2,602$1,469$791$410$208$107
49 years$2,519$1,403$743$379$189$96
50 years$2,441$1,340$699$350$171$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,500,000, adding $3,535 every year, while hoping to spend $51,743 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: 71/7/22 Blend
73$2,500,000$2,500,000$2,500,000$2,500,000
74$2,758,646$2,626,146$2,587,396$2,939,251
75$2,984,974$2,699,773$2,619,020$3,133,816
76$3,232,653$2,775,274$2,649,969$3,340,330
77$3,503,807$2,852,685$2,680,166$3,565,185
78$3,800,772$2,932,044$2,709,529$3,810,194
79$4,126,126$3,013,389$2,737,972$4,077,356
80$4,482,701$3,096,756$2,765,405$4,368,870
81$4,873,623$3,182,183$2,791,732$4,687,163
82$5,302,330$3,269,707$2,816,853$5,034,904
83$5,772,610$3,359,365$2,840,659$5,415,036
84$6,288,636$3,451,194$2,863,041$5,830,802
85$6,855,004$3,545,229$2,883,881$6,285,774
86$7,476,776$3,641,508$2,903,053$6,783,887
87$8,159,531$3,740,065$2,920,428$7,329,478
88$8,909,410$3,840,935$2,935,870$7,927,326
89$9,733,181$3,944,153$2,949,233$8,582,695
90$10,638,301$4,049,751$2,960,367$9,301,386
91$11,632,980$4,157,762$2,969,112$10,089,793
92$12,726,269$4,268,217$2,975,302$10,954,959
93$13,928,135$4,381,146$2,978,761$11,904,647
94$15,249,560$4,496,578$2,979,305$12,947,408
95$16,702,645$4,614,540$2,976,742$14,092,670
96$18,300,719$4,735,057$2,970,867$15,350,818
97$20,058,471$4,858,153$2,961,470$16,733,297
98$21,992,083$4,983,850$2,948,327$18,252,721
99$24,119,384$5,112,167$2,931,204$19,922,987
100$26,460,019$5,243,122$2,909,858$21,759,413