Can I retire at age 74 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$208,925$207,064$205,248$203,476$201,746$198,159
2 years$103,428$101,502$99,635$97,825$96,069$92,468
3 years$68,267$66,333$64,471$62,677$60,950$57,447
4 years$50,690$48,762$46,918$45,156$43,470$40,091
5 years$40,147$38,230$36,410$34,684$33,045$29,800
6 years$33,120$31,217$29,425$27,737$26,148$23,041
7 years$28,103$26,216$24,452$22,804$21,265$18,297
8 years$24,342$22,472$20,737$19,130$17,641$14,811
9 years$21,418$19,566$17,861$16,294$14,857$12,163
10 years$19,080$17,247$15,572$14,046$12,659$10,099
11 years$17,169$15,354$13,709$12,224$10,887$8,458
12 years$15,577$13,781$12,167$10,722$9,434$7,134
13 years$14,232$12,454$10,870$9,466$8,227$6,051
14 years$13,079$11,320$9,767$8,403$7,212$5,156
15 years$12,081$10,341$8,818$7,494$6,350$4,410
16 years$11,209$9,488$7,995$6,710$5,612$3,785
17 years$10,440$8,738$7,275$6,029$4,976$3,257
18 years$9,757$8,074$6,641$5,433$4,424$2,809
19 years$9,147$7,483$6,080$4,909$3,943$2,428
20 years$8,599$6,954$5,580$4,446$3,522$2,101
21 years$8,103$6,477$5,132$4,035$3,152$1,822
22 years$7,653$6,046$4,730$3,669$2,825$1,581
23 years$7,243$5,655$4,367$3,342$2,536$1,374
24 years$6,868$5,298$4,039$3,048$2,280$1,194
25 years$6,523$4,972$3,741$2,783$2,051$1,040
26 years$6,205$4,673$3,470$2,545$1,848$905
27 years$5,911$4,398$3,222$2,329$1,666$789
28 years$5,639$4,144$2,995$2,134$1,503$688
29 years$5,386$3,909$2,787$1,957$1,357$600
30 years$5,150$3,692$2,596$1,796$1,226$523
31 years$4,930$3,490$2,420$1,650$1,109$457
32 years$4,724$3,302$2,258$1,516$1,003$399
33 years$4,531$3,127$2,109$1,394$908$348
34 years$4,350$2,964$1,970$1,283$822$304
35 years$4,179$2,811$1,842$1,181$744$266
36 years$4,018$2,668$1,723$1,088$674$232
37 years$3,867$2,534$1,613$1,002$611$203
38 years$3,723$2,409$1,510$924$554$178
39 years$3,587$2,290$1,415$852$503$155
40 years$3,459$2,179$1,326$785$456$136
41 years$3,337$2,074$1,244$725$414$119
42 years$3,221$1,975$1,167$669$375$104
43 years$3,111$1,882$1,095$617$341$91
44 years$3,006$1,794$1,027$570$309$79
45 years$2,906$1,711$965$526$281$69
46 years$2,811$1,632$906$486$255$61
47 years$2,720$1,558$851$449$231$53
48 years$2,633$1,487$800$415$210$46
49 years$2,550$1,420$752$384$191$41
50 years$2,470$1,356$707$355$173$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,530,000, adding $3,726 every year, while hoping to spend $21,186 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: 79/14/7 Blend
73$2,530,000$2,530,000$2,530,000$2,530,000
74$2,791,903$2,657,813$2,618,598$3,009,999
75$3,054,136$2,765,504$2,683,780$3,261,193
76$3,342,406$2,877,762$2,750,434$3,533,528
77$3,659,347$2,994,789$2,818,590$3,831,633
78$4,007,861$3,116,793$2,888,273$4,158,069
79$4,391,143$3,243,997$2,959,511$4,515,652
80$4,812,717$3,376,630$3,032,332$4,907,485
81$5,276,462$3,514,933$3,106,763$5,336,982
82$5,786,654$3,659,157$3,182,832$5,807,906
83$6,348,003$3,809,567$3,260,567$6,324,397
84$6,965,700$3,966,436$3,339,997$6,891,017
85$7,645,463$4,130,053$3,421,148$7,512,789
86$8,393,594$4,300,719$3,504,050$8,195,246
87$9,217,035$4,478,749$3,588,730$8,944,478
88$10,123,437$4,664,472$3,675,217$9,767,199
89$11,121,229$4,858,233$3,763,539$10,670,797
90$12,219,700$5,060,392$3,853,723$11,663,416
91$13,429,085$5,271,326$3,945,798$12,754,022
92$14,760,660$5,491,430$4,039,791$13,952,494
93$16,226,853$5,721,115$4,135,730$15,269,713
94$17,841,357$5,960,815$4,233,641$16,717,665
95$19,619,260$6,210,980$4,333,553$18,309,554
96$21,577,189$6,472,082$4,435,491$20,059,927
97$23,733,465$6,744,617$4,539,483$21,984,807
98$26,108,276$7,029,100$4,645,553$24,101,849
99$28,723,868$7,326,075$4,753,728$26,430,501
100$31,604,757$7,636,106$4,864,032$28,992,191