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

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$213,054$211,156$209,305$207,497$205,733$200,191
2 years$105,472$103,508$101,604$99,758$97,968$92,424
3 years$69,616$67,644$65,745$63,916$62,155$56,783
4 years$51,692$49,725$47,845$46,048$44,329$39,170
5 years$40,940$38,985$37,130$35,369$33,699$28,766
6 years$33,775$31,834$30,006$28,285$26,664$21,964
7 years$28,658$26,734$24,936$23,255$21,685$17,217
8 years$24,823$22,916$21,147$19,508$17,990$13,752
9 years$21,841$19,953$18,214$16,616$15,150$11,138
10 years$19,457$17,587$15,880$14,323$12,909$9,117
11 years$17,508$15,657$13,980$12,466$11,102$7,525
12 years$15,885$14,053$12,407$10,934$9,621$6,252
13 years$14,513$12,700$11,085$9,653$8,389$5,222
14 years$13,338$11,544$9,960$8,569$7,354$4,381
15 years$12,320$10,545$8,992$7,642$6,475$3,688
16 years$11,430$9,675$8,153$6,843$5,723$3,114
17 years$10,646$8,910$7,419$6,148$5,074$2,635
18 years$9,950$8,234$6,772$5,541$4,512$2,235
19 years$9,328$7,631$6,200$5,006$4,021$1,898
20 years$8,769$7,091$5,690$4,534$3,592$1,615
21 years$8,263$6,605$5,234$4,115$3,214$1,376
22 years$7,804$6,166$4,824$3,742$2,881$1,173
23 years$7,386$5,766$4,454$3,408$2,586$1,001
24 years$7,003$5,403$4,119$3,108$2,325$855
25 years$6,652$5,070$3,815$2,838$2,092$730
26 years$6,328$4,765$3,538$2,595$1,884$624
27 years$6,028$4,485$3,285$2,375$1,699$534
28 years$5,750$4,226$3,054$2,176$1,533$457
29 years$5,492$3,987$2,842$1,996$1,384$391
30 years$5,252$3,765$2,647$1,832$1,251$335
31 years$5,027$3,559$2,468$1,682$1,131$287
32 years$4,817$3,368$2,303$1,546$1,023$246
33 years$4,620$3,189$2,150$1,422$926$210
34 years$4,436$3,023$2,009$1,308$838$180
35 years$4,262$2,867$1,878$1,204$759$155
36 years$4,098$2,721$1,757$1,109$688$132
37 years$3,943$2,584$1,645$1,022$623$114
38 years$3,797$2,456$1,540$942$565$97
39 years$3,658$2,336$1,443$868$512$83
40 years$3,527$2,222$1,352$801$465$72
41 years$3,403$2,115$1,268$739$422$61
42 years$3,285$2,014$1,190$682$383$53
43 years$3,172$1,919$1,116$630$347$45
44 years$3,065$1,830$1,048$581$315$39
45 years$2,963$1,745$984$537$286$33
46 years$2,866$1,664$924$496$260$28
47 years$2,774$1,588$868$458$236$24
48 years$2,685$1,516$816$423$214$21
49 years$2,600$1,448$767$391$195$18
50 years$2,519$1,383$721$362$177$15

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 $3,451 every year, while hoping to spend $50,672 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: 61/17/22 Blend
73$2,580,000$2,580,000$2,580,000$2,580,000
74$2,846,720$2,709,980$2,669,990$3,003,691
75$3,083,171$2,788,854$2,705,520$3,189,260
76$3,342,041$2,869,895$2,740,542$3,385,825
77$3,625,564$2,953,155$2,774,985$3,599,231
78$3,936,200$3,038,688$2,808,775$3,831,124
79$4,276,657$3,126,548$2,841,834$4,083,315
80$4,649,918$3,216,791$2,874,077$4,357,803
81$5,059,268$3,309,472$2,905,417$4,656,784
82$5,508,326$3,404,649$2,935,761$4,982,682
83$6,001,078$3,502,380$2,965,012$5,338,163
84$6,541,915$3,602,723$2,993,066$5,726,166
85$7,135,671$3,705,737$3,019,815$6,149,929
86$7,787,675$3,811,483$3,045,144$6,613,016
87$8,503,794$3,920,023$3,068,933$7,119,357
88$9,290,493$4,031,416$3,091,055$7,673,278
89$10,154,895$4,145,726$3,111,376$8,279,549
90$11,104,843$4,263,016$3,129,756$8,943,423
91$12,148,982$4,383,349$3,146,048$9,670,688
92$13,296,833$4,506,788$3,160,096$10,467,721
93$14,558,888$4,633,398$3,171,737$11,341,549
94$15,946,704$4,763,245$3,180,800$12,299,915
95$17,473,017$4,896,392$3,187,105$13,351,349
96$19,151,855$5,032,906$3,190,464$14,505,251
97$20,998,677$5,172,852$3,190,677$15,771,981
98$23,030,515$5,316,294$3,187,538$17,162,952
99$25,266,135$5,463,300$3,180,828$18,690,740
100$27,726,213$5,613,934$3,170,318$20,369,205