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%15.4%
1 years$211,402$209,519$207,682$205,889$204,138$199,609
2 years$104,655$102,706$100,817$98,985$97,209$92,669
3 years$69,077$67,119$65,235$63,421$61,673$57,265
4 years$51,291$49,340$47,474$45,691$43,986$39,743
5 years$40,623$38,683$36,842$35,095$33,437$29,372
6 years$33,513$31,588$29,774$28,066$26,458$22,574
7 years$28,436$26,527$24,742$23,074$21,517$17,815
8 years$24,630$22,739$20,983$19,357$17,851$14,330
9 years$21,672$19,798$18,073$16,488$15,033$11,690
10 years$19,307$17,451$15,756$14,212$12,809$9,641
11 years$17,373$15,536$13,872$12,369$11,016$8,019
12 years$15,762$13,944$12,311$10,849$9,546$6,715
13 years$14,400$12,601$10,999$9,578$8,324$5,654
14 years$13,234$11,454$9,883$8,503$7,297$4,782
15 years$12,224$10,464$8,923$7,583$6,425$4,060
16 years$11,342$9,600$8,090$6,790$5,678$3,457
17 years$10,564$8,841$7,361$6,100$5,035$2,951
18 years$9,873$8,170$6,720$5,498$4,477$2,525
19 years$9,256$7,572$6,152$4,968$3,990$2,164
20 years$8,701$7,036$5,646$4,499$3,564$1,858
21 years$8,199$6,554$5,193$4,083$3,190$1,597
22 years$7,744$6,118$4,786$3,713$2,859$1,375
23 years$7,329$5,722$4,419$3,381$2,566$1,184
24 years$6,949$5,361$4,087$3,084$2,307$1,021
25 years$6,600$5,031$3,785$2,816$2,076$881
26 years$6,278$4,728$3,511$2,575$1,870$760
27 years$5,981$4,450$3,260$2,357$1,686$657
28 years$5,706$4,193$3,031$2,160$1,521$567
29 years$5,450$3,956$2,820$1,980$1,373$490
30 years$5,211$3,736$2,627$1,817$1,241$424
31 years$4,988$3,532$2,449$1,669$1,122$367
32 years$4,780$3,342$2,285$1,534$1,015$317
33 years$4,585$3,164$2,134$1,411$918$275
34 years$4,401$2,999$1,993$1,298$832$238
35 years$4,229$2,845$1,864$1,195$753$206
36 years$4,066$2,700$1,743$1,100$682$178
37 years$3,912$2,564$1,632$1,014$619$154
38 years$3,767$2,437$1,528$935$561$134
39 years$3,630$2,317$1,432$862$509$116
40 years$3,500$2,205$1,342$795$461$100
41 years$3,376$2,099$1,258$733$418$87
42 years$3,259$1,999$1,180$677$380$75
43 years$3,148$1,905$1,108$625$345$65
44 years$3,042$1,815$1,040$577$313$56
45 years$2,941$1,731$976$533$284$49
46 years$2,844$1,651$917$492$258$42
47 years$2,752$1,576$861$455$234$37
48 years$2,664$1,504$809$420$213$32
49 years$2,580$1,437$761$388$193$28
50 years$2,499$1,372$715$359$175$24

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 $3,030 every year, while hoping to spend $43,401 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: 82/11/7 Blend
73$2,560,000$2,560,000$2,560,000$2,560,000
74$2,824,245$2,688,565$2,648,885$3,053,683
75$3,066,140$2,774,127$2,691,445$3,289,725
76$3,331,254$2,862,426$2,733,975$3,542,691
77$3,621,908$2,953,552$2,776,430$3,819,062
78$3,940,662$3,047,595$2,818,759$4,121,155
79$4,290,331$3,144,649$2,860,910$4,451,526
80$4,674,021$3,244,813$2,902,826$4,812,984
81$5,095,148$3,348,186$2,944,448$5,208,626
82$5,557,478$3,454,872$2,985,712$5,641,861
83$6,065,159$3,564,978$3,026,551$6,116,447
84$6,622,758$3,678,615$3,066,894$6,636,517
85$7,235,310$3,795,898$3,106,666$7,206,630
86$7,908,359$3,916,944$3,145,786$7,831,802
87$8,648,012$4,041,875$3,184,171$8,517,563
88$9,461,000$4,170,817$3,221,731$9,270,000
89$10,354,735$4,303,901$3,258,372$10,095,821
90$11,337,386$4,441,260$3,293,996$11,002,416
91$12,417,951$4,583,033$3,328,496$11,997,925
92$13,606,345$4,729,365$3,361,763$13,091,315
93$14,913,490$4,880,401$3,393,680$14,292,466
94$16,351,422$5,036,297$3,424,124$15,612,262
95$17,933,401$5,197,209$3,452,966$17,062,695
96$19,674,037$5,363,301$3,480,069$18,656,976
97$21,589,427$5,534,742$3,505,291$20,409,662
98$23,697,310$5,711,705$3,528,479$22,336,790
99$26,017,228$5,894,371$3,549,475$24,456,028
100$28,570,716$6,082,926$3,568,113$26,786,847