Can I retire at age 74 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$210,577$208,701$206,871$205,085$203,341$197,544
2 years$104,246$102,304$100,423$98,598$96,829$91,034
3 years$68,807$66,857$64,980$63,173$61,432$55,821
4 years$51,091$49,147$47,289$45,513$43,814$38,429
5 years$40,464$38,532$36,698$34,958$33,307$28,163
6 years$33,382$31,464$29,658$27,956$26,354$21,456
7 years$28,325$26,424$24,646$22,984$21,433$16,781
8 years$24,534$22,650$20,901$19,281$17,781$13,372
9 years$21,587$19,721$18,002$16,423$14,974$10,804
10 years$19,231$17,383$15,695$14,157$12,759$8,822
11 years$17,305$15,475$13,818$12,321$10,973$7,263
12 years$15,701$13,889$12,263$10,807$9,509$6,018
13 years$14,344$12,552$10,956$9,541$8,292$5,013
14 years$13,183$11,409$9,844$8,469$7,269$4,194
15 years$12,177$10,423$8,888$7,553$6,400$3,521
16 years$11,297$9,563$8,058$6,763$5,656$2,964
17 years$10,522$8,807$7,332$6,077$5,015$2,501
18 years$9,834$8,138$6,694$5,476$4,459$2,115
19 years$9,219$7,542$6,128$4,948$3,975$1,791
20 years$8,667$7,009$5,624$4,482$3,550$1,519
21 years$8,167$6,528$5,173$4,067$3,177$1,290
22 years$7,714$6,094$4,767$3,698$2,848$1,096
23 years$7,300$5,699$4,402$3,368$2,556$933
24 years$6,922$5,340$4,071$3,072$2,298$794
25 years$6,574$5,011$3,771$2,805$2,068$676
26 years$6,254$4,710$3,497$2,565$1,862$576
27 years$5,958$4,433$3,247$2,348$1,679$491
28 years$5,683$4,177$3,019$2,151$1,515$419
29 years$5,428$3,940$2,809$1,973$1,368$358
30 years$5,191$3,721$2,617$1,810$1,236$305
31 years$4,969$3,518$2,439$1,663$1,118$260
32 years$4,761$3,328$2,276$1,528$1,011$222
33 years$4,567$3,152$2,125$1,405$915$190
34 years$4,384$2,988$1,986$1,293$828$162
35 years$4,212$2,834$1,856$1,190$750$138
36 years$4,050$2,690$1,737$1,096$680$118
37 years$3,897$2,554$1,625$1,010$616$101
38 years$3,753$2,428$1,522$931$559$86
39 years$3,616$2,308$1,426$858$507$74
40 years$3,486$2,196$1,337$792$459$63
41 years$3,363$2,091$1,253$730$417$54
42 years$3,247$1,991$1,176$674$378$46
43 years$3,135$1,897$1,103$622$343$39
44 years$3,030$1,808$1,036$575$312$34
45 years$2,929$1,724$972$531$283$29
46 years$2,833$1,645$913$490$257$25
47 years$2,741$1,570$858$453$233$21
48 years$2,654$1,499$806$418$212$18
49 years$2,570$1,431$758$387$192$15
50 years$2,490$1,367$713$357$175$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,550,000, adding $5,448 every year, while hoping to spend $21,488 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: 33/46/21 Blend
73$2,550,000$2,550,000$2,550,000$2,550,000
74$2,815,720$2,680,570$2,641,045$2,890,290
75$3,080,060$2,789,054$2,706,657$3,054,810
76$3,370,643$2,902,135$2,773,746$3,229,655
77$3,690,122$3,020,013$2,842,341$3,417,653
78$4,041,422$3,142,902$2,912,467$3,619,973
79$4,427,765$3,271,021$2,984,151$3,837,901
80$4,852,698$3,404,603$3,057,422$4,072,845
81$5,320,135$3,543,889$3,132,307$4,326,350
82$5,834,382$3,689,133$3,208,833$4,600,111
83$6,400,187$3,840,599$3,287,027$4,895,988
84$7,022,782$3,998,564$3,366,918$5,216,023
85$7,707,929$4,163,318$3,448,534$5,562,457
86$8,461,980$4,335,162$3,531,901$5,937,752
87$9,291,930$4,514,413$3,617,048$6,344,612
88$10,205,490$4,701,403$3,704,003$6,786,006
89$11,211,156$4,896,477$3,792,793$7,265,196
90$12,318,288$5,099,999$3,883,445$7,785,768
91$13,537,201$5,312,346$3,975,988$8,351,661
92$14,879,260$5,533,915$4,070,448$8,967,206
93$16,356,988$5,765,121$4,166,852$9,637,163
94$17,984,186$6,006,398$4,265,227$10,366,766
95$19,776,061$6,258,198$4,365,599$11,161,769
96$21,749,367$6,520,998$4,467,995$12,028,502
97$23,922,569$6,795,294$4,572,439$12,973,922
98$26,316,013$7,081,605$4,678,958$14,005,687
99$28,952,119$7,380,476$4,787,575$15,132,217
100$31,855,591$7,692,476$4,898,315$16,362,777