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 $5,443 every year, while hoping to spend $39,129 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: 50/42/8 Blend
73$2,510,000$2,510,000$2,510,000$2,510,000
74$2,771,634$2,638,604$2,599,699$2,904,213
75$3,012,708$2,726,263$2,645,156$3,082,932
76$3,277,060$2,816,906$2,690,825$3,272,399
77$3,567,023$2,910,637$2,736,670$3,477,355
78$3,885,167$3,007,566$2,782,656$3,699,263
79$4,234,322$3,107,804$2,828,743$3,939,728
80$4,617,607$3,211,470$2,874,890$4,200,517
81$5,038,454$3,318,685$2,921,051$4,483,571
82$5,500,649$3,429,573$2,967,178$4,791,026
83$6,008,359$3,544,265$3,013,222$5,125,233
84$6,566,173$3,662,896$3,059,127$5,488,776
85$7,179,152$3,785,606$3,104,837$5,884,499
86$7,852,866$3,912,541$3,150,289$6,315,531
87$8,593,453$4,043,852$3,195,419$6,785,316
88$9,407,679$4,179,693$3,240,159$7,297,644
89$10,302,992$4,320,229$3,284,434$7,856,685
90$11,287,603$4,465,626$3,328,169$8,467,031
91$12,370,556$4,616,059$3,371,280$9,133,735
92$13,561,816$4,771,709$3,413,681$9,862,362
93$14,872,363$4,932,764$3,455,281$10,659,035
94$16,314,294$5,099,420$3,495,983$11,530,499
95$17,900,937$5,271,877$3,535,684$12,484,179
96$19,646,980$5,450,346$3,574,276$13,528,250
97$21,568,604$5,635,044$3,611,646$14,671,716
98$23,683,638$5,826,198$3,647,673$15,924,490
99$26,011,730$6,024,043$3,682,231$17,297,491
100$28,574,527$6,228,821$3,715,186$18,802,743