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%14.4%
1 years$212,228$210,338$208,493$206,693$204,935$201,209
2 years$105,063$103,107$101,210$99,372$97,588$93,848
3 years$69,347$67,381$65,490$63,668$61,914$58,275
4 years$51,492$49,532$47,660$45,870$44,158$40,649
5 years$40,781$38,834$36,986$35,232$33,568$30,199
6 years$33,644$31,711$29,890$28,175$26,561$23,336
7 years$28,547$26,631$24,839$23,165$21,601$18,521
8 years$24,727$22,828$21,065$19,432$17,920$14,984
9 years$21,757$19,875$18,144$16,552$15,092$12,298
10 years$19,382$17,519$15,818$14,268$12,859$10,204
11 years$17,440$15,596$13,926$12,417$11,059$8,541
12 years$15,824$13,998$12,359$10,892$9,583$7,199
13 years$14,457$12,650$11,042$9,616$8,357$6,102
14 years$13,286$11,499$9,921$8,536$7,326$5,196
15 years$12,272$10,505$8,957$7,612$6,450$4,442
16 years$11,386$9,638$8,121$6,816$5,701$3,809
17 years$10,605$8,876$7,390$6,124$5,055$3,276
18 years$9,912$8,202$6,746$5,519$4,494$2,823
19 years$9,292$7,601$6,176$4,987$4,006$2,438
20 years$8,735$7,064$5,668$4,517$3,578$2,109
21 years$8,231$6,579$5,213$4,099$3,202$1,826
22 years$7,774$6,142$4,805$3,727$2,870$1,584
23 years$7,358$5,744$4,436$3,394$2,576$1,375
24 years$6,976$5,382$4,103$3,096$2,316$1,195
25 years$6,626$5,051$3,800$2,827$2,084$1,039
26 years$6,303$4,747$3,524$2,585$1,877$904
27 years$6,005$4,467$3,273$2,366$1,692$787
28 years$5,728$4,209$3,042$2,168$1,527$686
29 years$5,471$3,971$2,831$1,988$1,379$598
30 years$5,231$3,750$2,637$1,825$1,246$521
31 years$5,008$3,545$2,459$1,676$1,126$455
32 years$4,799$3,355$2,294$1,540$1,019$397
33 years$4,602$3,177$2,142$1,416$922$346
34 years$4,418$3,011$2,001$1,303$835$302
35 years$4,245$2,856$1,871$1,199$756$264
36 years$4,082$2,711$1,750$1,105$685$230
37 years$3,928$2,574$1,638$1,018$621$201
38 years$3,782$2,447$1,534$938$563$176
39 years$3,644$2,327$1,437$865$510$153
40 years$3,514$2,213$1,347$798$463$134
41 years$3,390$2,107$1,263$736$420$117
42 years$3,272$2,007$1,185$679$381$102
43 years$3,160$1,912$1,112$627$346$89
44 years$3,054$1,822$1,044$579$314$78
45 years$2,952$1,738$980$535$285$68
46 years$2,855$1,658$920$494$259$60
47 years$2,763$1,582$865$456$235$52
48 years$2,674$1,510$813$422$213$46
49 years$2,590$1,442$764$390$194$40
50 years$2,509$1,378$718$360$176$35

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 $3,981 every year, while hoping to spend $57,811 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: 70/18/12 Blend
73$2,570,000$2,570,000$2,570,000$2,570,000
74$2,836,246$2,700,036$2,660,201$3,027,274
75$3,064,033$2,770,828$2,687,808$3,225,306
76$3,313,116$2,843,150$2,714,401$3,434,567
77$3,585,608$2,917,018$2,739,887$3,662,043
78$3,883,831$2,992,444$2,764,165$3,909,519
79$4,210,347$3,069,439$2,787,130$4,178,959
80$4,567,975$3,148,013$2,808,670$4,472,526
81$4,959,817$3,228,175$2,828,670$4,792,600
82$5,389,294$3,309,931$2,847,006$5,141,806
83$5,860,170$3,393,285$2,863,549$5,523,033
84$6,376,592$3,478,241$2,878,162$5,939,464
85$6,943,128$3,564,798$2,890,704$6,394,605
86$7,564,808$3,652,954$2,901,024$6,892,317
87$8,247,174$3,742,705$2,908,964$7,436,855
88$8,996,331$3,834,042$2,914,359$8,032,907
89$9,819,001$3,926,955$2,917,035$8,685,635
90$10,722,593$4,021,430$2,916,809$9,400,728
91$11,715,266$4,117,448$2,913,491$10,184,455
92$12,806,010$4,214,989$2,906,879$11,043,720
93$14,004,726$4,314,027$2,896,763$11,986,132
94$15,322,325$4,414,532$2,882,921$13,020,074
95$16,770,826$4,516,468$2,865,123$14,154,783
96$18,363,472$4,619,796$2,843,127$15,400,436
97$20,114,852$4,724,472$2,816,677$16,768,247
98$22,041,038$4,830,443$2,785,507$18,270,574
99$24,159,742$4,937,652$2,749,339$19,921,033
100$26,490,475$5,046,036$2,707,881$21,734,627