Can I retire at age 74 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$213,054$211,156$209,305$207,497$205,733$197,961
2 years$105,472$103,508$101,604$99,758$97,968$90,228
3 years$69,616$67,644$65,745$63,916$62,155$54,691
4 years$51,692$49,725$47,845$46,048$44,329$37,198
5 years$40,940$38,985$37,130$35,369$33,699$26,918
6 years$33,775$31,834$30,006$28,285$26,664$20,239
7 years$28,658$26,734$24,936$23,255$21,685$15,614
8 years$24,823$22,916$21,147$19,508$17,990$12,267
9 years$21,841$19,953$18,214$16,616$15,150$9,767
10 years$19,457$17,587$15,880$14,323$12,909$7,855
11 years$17,508$15,657$13,980$12,466$11,102$6,367
12 years$15,885$14,053$12,407$10,934$9,621$5,193
13 years$14,513$12,700$11,085$9,653$8,389$4,256
14 years$13,338$11,544$9,960$8,569$7,354$3,501
15 years$12,320$10,545$8,992$7,642$6,475$2,889
16 years$11,430$9,675$8,153$6,843$5,723$2,391
17 years$10,646$8,910$7,419$6,148$5,074$1,982
18 years$9,950$8,234$6,772$5,541$4,512$1,646
19 years$9,328$7,631$6,200$5,006$4,021$1,369
20 years$8,769$7,091$5,690$4,534$3,592$1,140
21 years$8,263$6,605$5,234$4,115$3,214$950
22 years$7,804$6,166$4,824$3,742$2,881$793
23 years$7,386$5,766$4,454$3,408$2,586$662
24 years$7,003$5,403$4,119$3,108$2,325$553
25 years$6,652$5,070$3,815$2,838$2,092$462
26 years$6,328$4,765$3,538$2,595$1,884$386
27 years$6,028$4,485$3,285$2,375$1,699$323
28 years$5,750$4,226$3,054$2,176$1,533$270
29 years$5,492$3,987$2,842$1,996$1,384$226
30 years$5,252$3,765$2,647$1,832$1,251$189
31 years$5,027$3,559$2,468$1,682$1,131$158
32 years$4,817$3,368$2,303$1,546$1,023$132
33 years$4,620$3,189$2,150$1,422$926$111
34 years$4,436$3,023$2,009$1,308$838$93
35 years$4,262$2,867$1,878$1,204$759$78
36 years$4,098$2,721$1,757$1,109$688$65
37 years$3,943$2,584$1,645$1,022$623$54
38 years$3,797$2,456$1,540$942$565$46
39 years$3,658$2,336$1,443$868$512$38
40 years$3,527$2,222$1,352$801$465$32
41 years$3,403$2,115$1,268$739$422$27
42 years$3,285$2,014$1,190$682$383$22
43 years$3,172$1,919$1,116$630$347$19
44 years$3,065$1,830$1,048$581$315$16
45 years$2,963$1,745$984$537$286$13
46 years$2,866$1,664$924$496$260$11
47 years$2,774$1,588$868$458$236$9
48 years$2,685$1,516$816$423$214$8
49 years$2,600$1,448$767$391$195$6
50 years$2,519$1,383$721$362$177$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,580,000, adding $4,775 every year, while hoping to spend $55,653 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: 49/27/24 Blend
73$2,580,000$2,580,000$2,580,000$2,580,000
74$2,848,085$2,711,345$2,671,355$2,968,096
75$3,079,376$2,784,987$2,701,631$3,125,925
76$3,332,392$2,860,372$2,731,056$3,291,332
77$3,609,293$2,937,526$2,759,543$3,469,908
78$3,912,453$3,016,477$2,787,000$3,662,921
79$4,244,487$3,097,249$2,813,329$3,871,766
80$4,608,278$3,179,867$2,838,428$4,097,982
81$5,006,997$3,264,355$2,862,191$4,343,261
82$5,444,139$3,350,737$2,884,502$4,609,469
83$5,923,552$3,439,034$2,905,244$4,898,661
84$6,449,474$3,529,267$2,924,289$5,213,100
85$7,026,575$3,621,455$2,941,507$5,555,279
86$7,659,997$3,715,617$2,956,759$5,927,948
87$8,355,403$3,811,769$2,969,897$6,334,133
88$9,119,036$3,909,927$2,980,770$6,777,170
89$9,957,767$4,010,103$2,989,215$7,260,734
90$10,879,169$4,112,308$2,995,064$7,788,876
91$11,891,584$4,216,551$2,998,138$8,366,059
92$13,004,202$4,322,838$2,998,252$8,997,201
93$14,227,146$4,431,173$2,995,210$9,687,721
94$15,571,572$4,541,557$2,988,805$10,443,591
95$17,049,766$4,653,987$2,978,824$11,271,394
96$18,675,267$4,768,458$2,965,040$12,178,382
97$20,462,992$4,884,960$2,947,217$13,172,549
98$22,429,375$5,003,481$2,925,106$14,262,703
99$24,592,523$5,124,003$2,898,449$15,458,554
100$26,972,384$5,246,503$2,866,971$16,770,800