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

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$211,402$209,519$207,682$205,889$204,138$198,800
2 years$104,655$102,706$100,817$98,985$97,209$91,867
3 years$69,077$67,119$65,235$63,421$61,673$56,495
4 years$51,291$49,340$47,474$45,691$43,986$39,011
5 years$40,623$38,683$36,842$35,095$33,437$28,680
6 years$33,513$31,588$29,774$28,066$26,458$21,922
7 years$28,436$26,527$24,742$23,074$21,517$17,203
8 years$24,630$22,739$20,983$19,357$17,851$13,757
9 years$21,672$19,798$18,073$16,488$15,033$11,155
10 years$19,307$17,451$15,756$14,212$12,809$9,143
11 years$17,373$15,536$13,872$12,369$11,016$7,556
12 years$15,762$13,944$12,311$10,849$9,546$6,286
13 years$14,400$12,601$10,999$9,578$8,324$5,258
14 years$13,234$11,454$9,883$8,503$7,297$4,417
15 years$12,224$10,464$8,923$7,583$6,425$3,723
16 years$11,342$9,600$8,090$6,790$5,678$3,148
17 years$10,564$8,841$7,361$6,100$5,035$2,668
18 years$9,873$8,170$6,720$5,498$4,477$2,266
19 years$9,256$7,572$6,152$4,968$3,990$1,928
20 years$8,701$7,036$5,646$4,499$3,564$1,643
21 years$8,199$6,554$5,193$4,083$3,190$1,401
22 years$7,744$6,118$4,786$3,713$2,859$1,197
23 years$7,329$5,722$4,419$3,381$2,566$1,023
24 years$6,949$5,361$4,087$3,084$2,307$875
25 years$6,600$5,031$3,785$2,816$2,076$749
26 years$6,278$4,728$3,511$2,575$1,870$641
27 years$5,981$4,450$3,260$2,357$1,686$549
28 years$5,706$4,193$3,031$2,160$1,521$471
29 years$5,450$3,956$2,820$1,980$1,373$404
30 years$5,211$3,736$2,627$1,817$1,241$346
31 years$4,988$3,532$2,449$1,669$1,122$297
32 years$4,780$3,342$2,285$1,534$1,015$255
33 years$4,585$3,164$2,134$1,411$918$219
34 years$4,401$2,999$1,993$1,298$832$188
35 years$4,229$2,845$1,864$1,195$753$161
36 years$4,066$2,700$1,743$1,100$682$138
37 years$3,912$2,564$1,632$1,014$619$119
38 years$3,767$2,437$1,528$935$561$102
39 years$3,630$2,317$1,432$862$509$88
40 years$3,500$2,205$1,342$795$461$75
41 years$3,376$2,099$1,258$733$418$65
42 years$3,259$1,999$1,180$677$380$55
43 years$3,148$1,905$1,108$625$345$48
44 years$3,042$1,815$1,040$577$313$41
45 years$2,941$1,731$976$533$284$35
46 years$2,844$1,651$917$492$258$30
47 years$2,752$1,576$861$455$234$26
48 years$2,664$1,504$809$420$213$22
49 years$2,580$1,437$761$388$193$19
50 years$2,499$1,372$715$359$175$16

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 $4,456 every year, while hoping to spend $30,367 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: 68/22/10 Blend
73$2,560,000$2,560,000$2,560,000$2,560,000
74$2,825,716$2,690,036$2,650,356$3,011,816
75$3,081,629$2,789,538$2,706,833$3,235,468
76$3,362,627$2,892,897$2,764,184$3,475,902
77$3,671,237$3,000,271$2,822,406$3,738,047
78$4,010,243$3,111,824$2,881,496$4,024,026
79$4,382,710$3,227,725$2,941,448$4,336,175
80$4,792,016$3,348,154$3,002,257$4,677,066
81$5,241,884$3,473,295$3,063,914$5,049,530
82$5,736,411$3,603,342$3,126,411$5,456,683
83$6,280,116$3,738,497$3,189,737$5,901,955
84$6,877,975$3,878,970$3,253,879$6,389,122
85$7,535,469$4,024,981$3,318,826$6,922,344
86$8,258,641$4,176,758$3,384,560$7,506,196
87$9,054,144$4,334,541$3,451,064$8,145,720
88$9,929,312$4,498,579$3,518,320$8,846,466
89$10,892,223$4,669,131$3,586,306$9,614,547
90$11,951,781$4,846,469$3,654,998$10,456,694
91$13,117,793$5,030,876$3,724,370$11,380,319
92$14,401,066$5,222,648$3,794,395$12,393,586
93$15,813,509$5,422,091$3,865,041$13,505,487
94$17,368,242$5,629,529$3,936,276$14,725,925
95$19,079,723$5,845,297$4,008,061$16,065,808
96$20,963,883$6,069,745$4,080,360$17,537,150
97$23,038,275$6,303,238$4,153,128$19,153,186
98$25,322,242$6,546,159$4,226,320$20,928,493
99$27,837,096$6,798,907$4,299,887$22,879,130
100$30,606,323$7,061,896$4,373,776$25,022,786