Can I retire at age 74 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$207,273$205,427$203,626$201,868$200,151$197,650
2 years$102,611$100,700$98,848$97,052$95,310$92,793
3 years$67,728$65,808$63,961$62,182$60,469$58,015
4 years$50,289$48,376$46,547$44,799$43,127$40,754
5 years$39,829$37,927$36,122$34,410$32,784$30,500
6 years$32,858$30,971$29,192$27,518$25,941$23,748
7 years$27,881$26,009$24,259$22,624$21,097$18,996
8 years$24,149$22,295$20,574$18,979$17,502$15,493
9 years$21,249$19,411$17,720$16,166$14,739$12,821
10 years$18,930$17,110$15,449$13,935$12,559$10,730
11 years$17,033$15,232$13,601$12,127$10,801$9,061
12 years$15,454$13,672$12,070$10,637$9,360$7,706
13 years$14,119$12,355$10,784$9,391$8,162$6,592
14 years$12,976$11,230$9,690$8,337$7,155$5,666
15 years$11,986$10,259$8,748$7,435$6,300$4,890
16 years$11,120$9,413$7,932$6,657$5,568$4,235
17 years$10,357$8,669$7,217$5,981$4,937$3,678
18 years$9,680$8,010$6,589$5,390$4,389$3,202
19 years$9,075$7,424$6,032$4,871$3,912$2,794
20 years$8,531$6,899$5,535$4,411$3,495$2,442
21 years$8,039$6,426$5,092$4,003$3,127$2,137
22 years$7,593$5,998$4,693$3,640$2,803$1,874
23 years$7,186$5,610$4,333$3,315$2,516$1,644
24 years$6,813$5,256$4,007$3,024$2,262$1,444
25 years$6,471$4,933$3,711$2,761$2,035$1,270
26 years$6,156$4,636$3,442$2,525$1,833$1,118
27 years$5,864$4,363$3,196$2,311$1,653$984
28 years$5,594$4,111$2,971$2,117$1,491$867
29 years$5,343$3,878$2,765$1,942$1,347$764
30 years$5,109$3,663$2,576$1,782$1,217$674
31 years$4,891$3,463$2,401$1,637$1,100$595
32 years$4,687$3,276$2,240$1,504$995$525
33 years$4,495$3,103$2,092$1,383$901$463
34 years$4,315$2,941$1,954$1,273$815$409
35 years$4,146$2,789$1,827$1,171$738$362
36 years$3,986$2,647$1,709$1,079$669$319
37 years$3,836$2,514$1,600$994$606$282
38 years$3,694$2,390$1,498$916$550$249
39 years$3,559$2,272$1,404$845$499$221
40 years$3,432$2,162$1,316$779$452$195
41 years$3,311$2,058$1,234$719$410$172
42 years$3,196$1,960$1,157$664$372$152
43 years$3,086$1,867$1,086$612$338$135
44 years$2,982$1,780$1,019$566$307$119
45 years$2,883$1,697$957$522$278$105
46 years$2,789$1,619$899$482$253$93
47 years$2,698$1,545$845$446$230$83
48 years$2,612$1,475$794$412$208$73
49 years$2,530$1,409$746$381$189$65
50 years$2,451$1,346$701$352$172$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,510,000, adding $3,161 every year, while hoping to spend $45,239 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: 38/46/16 Blend
73$2,510,000$2,510,000$2,510,000$2,510,000
74$2,769,281$2,636,251$2,597,346$2,861,040
75$3,003,613$2,717,293$2,636,223$3,008,130
76$3,260,332$2,800,790$2,674,886$3,162,419
77$3,541,671$2,886,815$2,713,281$3,328,196
78$3,850,094$2,975,441$2,751,348$3,506,519
79$4,188,313$3,066,746$2,789,027$3,698,551
80$4,559,313$3,160,809$2,826,251$3,905,570
81$4,966,384$3,257,710$2,862,952$4,128,981
82$5,413,150$3,357,533$2,899,056$4,370,329
83$5,903,603$3,460,364$2,934,486$4,631,315
84$6,442,139$3,566,290$2,969,159$4,913,809
85$7,033,600$3,675,402$3,002,990$5,219,869
86$7,683,324$3,787,792$3,035,886$5,551,757
87$8,397,186$3,903,558$3,067,752$5,911,967
88$9,181,663$4,022,796$3,098,485$6,303,241
89$10,043,887$4,145,607$3,127,979$6,728,595
90$10,991,718$4,272,096$3,156,120$7,191,354
91$12,033,813$4,402,368$3,182,790$7,695,174
92$13,179,711$4,536,533$3,207,863$8,244,083
93$14,439,921$4,674,704$3,231,206$8,842,513
94$15,826,024$4,816,995$3,252,682$9,495,346
95$17,350,776$4,963,525$3,272,145$10,207,958
96$19,028,233$5,114,416$3,289,439$10,986,269
97$20,873,882$5,269,792$3,304,405$11,836,797
98$22,904,789$5,429,782$3,316,873$12,766,722
99$25,139,753$5,594,517$3,326,664$13,783,953
100$27,599,492$5,764,132$3,333,592$14,897,197