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%18.2%
1 years$208,925$207,064$205,248$203,476$201,746$195,054
2 years$103,428$101,502$99,635$97,825$96,069$89,392
3 years$68,267$66,333$64,471$62,677$60,950$54,498
4 years$50,690$48,762$46,918$45,156$43,470$37,291
5 years$40,147$38,230$36,410$34,684$33,045$27,157
6 years$33,120$31,217$29,425$27,737$26,148$20,554
7 years$28,103$26,216$24,452$22,804$21,265$15,966
8 years$24,342$22,472$20,737$19,130$17,641$12,633
9 years$21,418$19,566$17,861$16,294$14,857$10,132
10 years$19,080$17,247$15,572$14,046$12,659$8,211
11 years$17,169$15,354$13,709$12,224$10,887$6,708
12 years$15,577$13,781$12,167$10,722$9,434$5,515
13 years$14,232$12,454$10,870$9,466$8,227$4,557
14 years$13,079$11,320$9,767$8,403$7,212$3,780
15 years$12,081$10,341$8,818$7,494$6,350$3,147
16 years$11,209$9,488$7,995$6,710$5,612$2,626
17 years$10,440$8,738$7,275$6,029$4,976$2,197
18 years$9,757$8,074$6,641$5,433$4,424$1,841
19 years$9,147$7,483$6,080$4,909$3,943$1,545
20 years$8,599$6,954$5,580$4,446$3,522$1,299
21 years$8,103$6,477$5,132$4,035$3,152$1,093
22 years$7,653$6,046$4,730$3,669$2,825$920
23 years$7,243$5,655$4,367$3,342$2,536$775
24 years$6,868$5,298$4,039$3,048$2,280$654
25 years$6,523$4,972$3,741$2,783$2,051$551
26 years$6,205$4,673$3,470$2,545$1,848$465
27 years$5,911$4,398$3,222$2,329$1,666$393
28 years$5,639$4,144$2,995$2,134$1,503$332
29 years$5,386$3,909$2,787$1,957$1,357$280
30 years$5,150$3,692$2,596$1,796$1,226$237
31 years$4,930$3,490$2,420$1,650$1,109$200
32 years$4,724$3,302$2,258$1,516$1,003$169
33 years$4,531$3,127$2,109$1,394$908$143
34 years$4,350$2,964$1,970$1,283$822$121
35 years$4,179$2,811$1,842$1,181$744$102
36 years$4,018$2,668$1,723$1,088$674$87
37 years$3,867$2,534$1,613$1,002$611$73
38 years$3,723$2,409$1,510$924$554$62
39 years$3,587$2,290$1,415$852$503$52
40 years$3,459$2,179$1,326$785$456$44
41 years$3,337$2,074$1,244$725$414$37
42 years$3,221$1,975$1,167$669$375$32
43 years$3,111$1,882$1,095$617$341$27
44 years$3,006$1,794$1,027$570$309$23
45 years$2,906$1,711$965$526$281$19
46 years$2,811$1,632$906$486$255$16
47 years$2,720$1,558$851$449$231$14
48 years$2,633$1,487$800$415$210$12
49 years$2,550$1,420$752$384$191$10
50 years$2,470$1,356$707$355$173$8

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 $3,747 every year, while hoping to spend $33,697 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: 44/30/26 Blend
73$2,530,000$2,530,000$2,530,000$2,530,000
74$2,791,925$2,657,835$2,618,620$2,893,555
75$3,040,848$2,752,216$2,670,490$3,060,605
76$3,314,032$2,850,091$2,722,969$3,238,046
77$3,613,915$2,951,598$2,776,041$3,429,738
78$3,943,185$3,056,877$2,829,689$3,637,024
79$4,304,801$3,166,075$2,883,895$3,861,379
80$4,702,024$3,279,346$2,938,638$4,104,428
81$5,138,444$3,396,847$2,993,896$4,367,956
82$5,618,019$3,518,746$3,049,645$4,653,927
83$6,145,107$3,645,215$3,105,858$4,964,502
84$6,724,511$3,776,433$3,162,507$5,302,058
85$7,361,520$3,912,588$3,219,561$5,669,213
86$8,061,965$4,053,875$3,276,986$6,068,843
87$8,832,267$4,200,496$3,334,746$6,504,118
88$9,679,501$4,352,663$3,392,803$6,978,524
89$10,611,462$4,510,596$3,451,114$7,495,899
90$11,636,740$4,674,524$3,509,635$8,060,468
91$12,764,798$4,844,686$3,568,319$8,676,883
92$14,006,063$5,021,331$3,627,113$9,350,263
93$15,372,024$5,204,719$3,685,963$10,086,246
94$16,875,339$5,395,118$3,744,811$10,891,040
95$18,529,956$5,592,812$3,803,595$11,771,479
96$20,351,244$5,798,092$3,862,248$12,735,091
97$22,356,137$6,011,265$3,920,700$13,790,164
98$24,563,294$6,232,648$3,978,875$14,945,825
99$26,993,278$6,462,575$4,036,694$16,212,127
100$29,668,742$6,701,391$4,094,073$17,600,142