Can I retire at age 74 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$211,402$209,519$207,682$205,889$204,138$200,344
2 years$104,655$102,706$100,817$98,985$97,209$93,401
3 years$69,077$67,119$65,235$63,421$61,673$57,970
4 years$51,291$49,340$47,474$45,691$43,986$40,415
5 years$40,623$38,683$36,842$35,095$33,437$30,010
6 years$33,513$31,588$29,774$28,066$26,458$23,177
7 years$28,436$26,527$24,742$23,074$21,517$18,385
8 years$24,630$22,739$20,983$19,357$17,851$14,865
9 years$21,672$19,798$18,073$16,488$15,033$12,193
10 years$19,307$17,451$15,756$14,212$12,809$10,111
11 years$17,373$15,536$13,872$12,369$11,016$8,458
12 years$15,762$13,944$12,311$10,849$9,546$7,124
13 years$14,400$12,601$10,999$9,578$8,324$6,035
14 years$13,234$11,454$9,883$8,503$7,297$5,135
15 years$12,224$10,464$8,923$7,583$6,425$4,387
16 years$11,342$9,600$8,090$6,790$5,678$3,759
17 years$10,564$8,841$7,361$6,100$5,035$3,230
18 years$9,873$8,170$6,720$5,498$4,477$2,782
19 years$9,256$7,572$6,152$4,968$3,990$2,401
20 years$8,701$7,036$5,646$4,499$3,564$2,075
21 years$8,199$6,554$5,193$4,083$3,190$1,796
22 years$7,744$6,118$4,786$3,713$2,859$1,556
23 years$7,329$5,722$4,419$3,381$2,566$1,350
24 years$6,949$5,361$4,087$3,084$2,307$1,172
25 years$6,600$5,031$3,785$2,816$2,076$1,019
26 years$6,278$4,728$3,511$2,575$1,870$886
27 years$5,981$4,450$3,260$2,357$1,686$770
28 years$5,706$4,193$3,031$2,160$1,521$671
29 years$5,450$3,956$2,820$1,980$1,373$584
30 years$5,211$3,736$2,627$1,817$1,241$509
31 years$4,988$3,532$2,449$1,669$1,122$443
32 years$4,780$3,342$2,285$1,534$1,015$386
33 years$4,585$3,164$2,134$1,411$918$337
34 years$4,401$2,999$1,993$1,298$832$294
35 years$4,229$2,845$1,864$1,195$753$256
36 years$4,066$2,700$1,743$1,100$682$224
37 years$3,912$2,564$1,632$1,014$619$195
38 years$3,767$2,437$1,528$935$561$170
39 years$3,630$2,317$1,432$862$509$149
40 years$3,500$2,205$1,342$795$461$130
41 years$3,376$2,099$1,258$733$418$113
42 years$3,259$1,999$1,180$677$380$99
43 years$3,148$1,905$1,108$625$345$86
44 years$3,042$1,815$1,040$577$313$75
45 years$2,941$1,731$976$533$284$66
46 years$2,844$1,651$917$492$258$57
47 years$2,752$1,576$861$455$234$50
48 years$2,664$1,504$809$420$213$44
49 years$2,580$1,437$761$388$193$38
50 years$2,499$1,372$715$359$175$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,560,000, adding $4,238 every year, while hoping to spend $41,803 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: 50/44/6 Blend
73$2,560,000$2,560,000$2,560,000$2,560,000
74$2,825,491$2,689,811$2,650,131$2,962,364
75$3,069,214$2,777,134$2,694,433$3,143,349
76$3,336,394$2,867,335$2,738,817$3,335,055
77$3,629,382$2,960,510$2,783,243$3,542,360
78$3,950,764$3,056,760$2,827,667$3,766,733
79$4,303,389$3,156,188$2,872,041$4,009,788
80$4,690,396$3,258,903$2,916,316$4,273,301
81$5,115,242$3,365,014$2,960,437$4,559,226
82$5,581,734$3,474,637$3,004,349$4,869,709
83$6,094,067$3,587,891$3,047,992$5,207,115
84$6,656,863$3,704,899$3,091,301$5,574,041
85$7,275,212$3,825,788$3,134,208$5,973,348
86$7,954,723$3,950,690$3,176,643$6,408,181
87$8,701,572$4,079,741$3,218,528$6,882,005
88$9,522,567$4,213,084$3,259,784$7,398,629
89$10,425,207$4,350,863$3,300,325$7,962,247
90$11,417,754$4,493,231$3,340,061$8,577,477
91$12,509,309$4,640,343$3,378,897$9,249,399
92$13,709,902$4,792,363$3,416,733$9,983,610
93$15,030,581$4,949,459$3,453,463$10,786,268
94$16,483,521$5,111,803$3,488,975$11,664,154
95$18,082,136$5,279,576$3,523,151$12,624,736
96$19,841,204$5,452,966$3,555,867$13,676,235
97$21,777,009$5,632,164$3,586,991$14,827,705
98$23,907,495$5,817,371$3,616,386$16,089,116
99$26,252,431$6,008,794$3,643,907$17,471,449
100$28,833,602$6,206,647$3,669,400$18,986,796