Can I retire at age 74 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$212,228$210,338$208,493$206,693$204,935$202,711
2 years$105,063$103,107$101,210$99,372$97,588$95,348
3 years$69,347$67,381$65,490$63,668$61,914$59,728
4 years$51,492$49,532$47,660$45,870$44,158$42,043
5 years$40,781$38,834$36,986$35,232$33,568$31,531
6 years$33,644$31,711$29,890$28,175$26,561$24,604
7 years$28,547$26,631$24,839$23,165$21,601$19,724
8 years$24,727$22,828$21,065$19,432$17,920$16,124
9 years$21,757$19,875$18,144$16,552$15,092$13,375
10 years$19,382$17,519$15,818$14,268$12,859$11,221
11 years$17,440$15,596$13,926$12,417$11,059$9,498
12 years$15,824$13,998$12,359$10,892$9,583$8,098
13 years$14,457$12,650$11,042$9,616$8,357$6,946
14 years$13,286$11,499$9,921$8,536$7,326$5,986
15 years$12,272$10,505$8,957$7,612$6,450$5,181
16 years$11,386$9,638$8,121$6,816$5,701$4,499
17 years$10,605$8,876$7,390$6,124$5,055$3,918
18 years$9,912$8,202$6,746$5,519$4,494$3,421
19 years$9,292$7,601$6,176$4,987$4,006$2,993
20 years$8,735$7,064$5,668$4,517$3,578$2,624
21 years$8,231$6,579$5,213$4,099$3,202$2,304
22 years$7,774$6,142$4,805$3,727$2,870$2,026
23 years$7,358$5,744$4,436$3,394$2,576$1,783
24 years$6,976$5,382$4,103$3,096$2,316$1,571
25 years$6,626$5,051$3,800$2,827$2,084$1,386
26 years$6,303$4,747$3,524$2,585$1,877$1,223
27 years$6,005$4,467$3,273$2,366$1,692$1,081
28 years$5,728$4,209$3,042$2,168$1,527$955
29 years$5,471$3,971$2,831$1,988$1,379$845
30 years$5,231$3,750$2,637$1,825$1,246$748
31 years$5,008$3,545$2,459$1,676$1,126$662
32 years$4,799$3,355$2,294$1,540$1,019$586
33 years$4,602$3,177$2,142$1,416$922$519
34 years$4,418$3,011$2,001$1,303$835$460
35 years$4,245$2,856$1,871$1,199$756$408
36 years$4,082$2,711$1,750$1,105$685$361
37 years$3,928$2,574$1,638$1,018$621$320
38 years$3,782$2,447$1,534$938$563$284
39 years$3,644$2,327$1,437$865$510$252
40 years$3,514$2,213$1,347$798$463$224
41 years$3,390$2,107$1,263$736$420$198
42 years$3,272$2,007$1,185$679$381$176
43 years$3,160$1,912$1,112$627$346$156
44 years$3,054$1,822$1,044$579$314$139
45 years$2,952$1,738$980$535$285$123
46 years$2,855$1,658$920$494$259$109
47 years$2,763$1,582$865$456$235$97
48 years$2,674$1,510$813$422$213$86
49 years$2,590$1,442$764$390$194$76
50 years$2,509$1,378$718$360$176$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,570,000, adding $4,905 every year, while hoping to spend $41,751 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: 53/24/23 Blend
73$2,570,000$2,570,000$2,570,000$2,570,000
74$2,837,200$2,700,990$2,661,155$2,969,294
75$3,082,171$2,788,915$2,705,880$3,148,778
76$3,350,731$2,879,750$2,750,705$3,339,259
77$3,645,240$2,973,592$2,795,589$3,545,671
78$3,968,300$3,070,544$2,840,486$3,769,548
79$4,322,776$3,170,711$2,885,353$4,012,579
80$4,711,825$3,274,201$2,930,138$4,276,624
81$5,138,923$3,381,129$2,974,789$4,563,729
82$5,607,899$3,491,610$3,019,251$4,876,147
83$6,122,973$3,605,767$3,063,463$5,216,358
84$6,688,790$3,723,724$3,107,364$5,587,093
85$7,310,471$3,845,611$3,150,885$5,991,360
86$7,993,656$3,971,562$3,193,956$6,432,468
87$8,744,557$4,101,716$3,236,501$6,914,065
88$9,570,019$4,236,218$3,278,442$7,440,166
89$10,477,585$4,375,217$3,319,693$8,015,192
90$11,475,562$4,518,866$3,360,166$8,644,016
91$12,573,104$4,667,325$3,399,767$9,332,000
92$13,780,298$4,820,761$3,438,396$10,085,053
93$15,108,254$4,979,345$3,475,949$10,909,685
94$16,569,217$5,143,253$3,512,314$11,813,065
95$18,176,675$5,312,671$3,547,374$12,803,089
96$19,945,492$5,487,788$3,581,007$13,888,458
97$21,892,045$5,668,801$3,613,083$15,078,755
98$24,034,377$5,855,917$3,643,465$16,384,539
99$26,392,372$6,049,345$3,672,010$17,817,442
100$28,987,936$6,249,305$3,698,564$19,390,278