Can I retire at age 74 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$213,880$211,975$210,116$208,302$206,530$199,123
2 years$105,881$103,909$101,998$100,145$98,348$90,965
3 years$69,886$67,906$65,999$64,164$62,396$55,270
4 years$51,892$49,918$48,031$46,226$44,501$37,687
5 years$41,099$39,136$37,274$35,506$33,829$27,344
6 years$33,905$31,958$30,123$28,395$26,768$20,616
7 years$28,769$26,838$25,032$23,345$21,769$15,950
8 years$24,919$23,005$21,229$19,583$18,060$12,568
9 years$21,926$20,030$18,285$16,681$15,209$10,037
10 years$19,533$17,656$15,941$14,379$12,959$8,099
11 years$17,576$15,718$14,034$12,514$11,145$6,586
12 years$15,947$14,107$12,455$10,976$9,658$5,389
13 years$14,569$12,749$11,128$9,691$8,422$4,432
14 years$13,389$11,588$9,998$8,602$7,383$3,659
15 years$12,368$10,586$9,027$7,672$6,500$3,030
16 years$11,475$9,713$8,184$6,869$5,745$2,516
17 years$10,688$8,945$7,448$6,172$5,094$2,094
18 years$9,989$8,266$6,799$5,562$4,529$1,746
19 years$9,364$7,660$6,224$5,026$4,037$1,458
20 years$8,803$7,118$5,712$4,552$3,606$1,218
21 years$8,295$6,631$5,254$4,131$3,227$1,019
22 years$7,835$6,189$4,842$3,756$2,892$854
23 years$7,415$5,789$4,471$3,421$2,596$715
24 years$7,030$5,424$4,135$3,120$2,334$600
25 years$6,677$5,090$3,830$2,849$2,100$503
26 years$6,352$4,784$3,552$2,605$1,892$422
27 years$6,051$4,502$3,298$2,385$1,705$355
28 years$5,773$4,242$3,066$2,185$1,539$298
29 years$5,513$4,002$2,853$2,004$1,390$250
30 years$5,272$3,780$2,658$1,839$1,256$210
31 years$5,047$3,573$2,478$1,689$1,135$177
32 years$4,836$3,381$2,312$1,552$1,027$148
33 years$4,638$3,202$2,159$1,427$929$125
34 years$4,453$3,034$2,017$1,313$841$105
35 years$4,278$2,878$1,886$1,209$762$88
36 years$4,114$2,732$1,764$1,113$690$74
37 years$3,958$2,594$1,651$1,026$626$62
38 years$3,811$2,466$1,546$945$567$52
39 years$3,673$2,345$1,448$872$514$44
40 years$3,541$2,231$1,358$804$467$37
41 years$3,416$2,123$1,273$742$423$31
42 years$3,297$2,022$1,194$685$384$26
43 years$3,185$1,927$1,121$632$349$22
44 years$3,077$1,837$1,052$584$316$19
45 years$2,975$1,751$988$539$287$16
46 years$2,877$1,671$928$498$261$13
47 years$2,784$1,594$871$460$237$11
48 years$2,695$1,522$819$425$215$9
49 years$2,610$1,454$770$393$195$8
50 years$2,529$1,388$724$363$177$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,590,000, adding $4,360 every year, while hoping to spend $37,089 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: 59/34/7 Blend
73$2,590,000$2,590,000$2,590,000$2,590,000
74$2,858,677$2,721,407$2,681,262$3,022,892
75$3,110,800$2,815,294$2,731,622$3,227,427
76$3,387,396$2,912,538$2,782,426$3,445,721
77$3,690,923$3,013,264$2,833,650$3,682,800
78$4,024,087$3,117,604$2,885,267$3,940,470
79$4,389,869$3,225,692$2,937,248$4,220,713
80$4,791,554$3,337,669$2,989,564$4,525,715
81$5,232,759$3,453,682$3,042,181$4,857,876
82$5,717,469$3,573,881$3,095,064$5,219,840
83$6,250,076$3,698,426$3,148,173$5,614,515
84$6,835,416$3,827,481$3,201,469$6,045,101
85$7,478,816$3,961,216$3,254,906$6,515,121
86$8,186,149$4,099,809$3,308,439$7,028,453
87$8,963,881$4,243,444$3,362,017$7,589,362
88$9,819,138$4,392,314$3,415,586$8,202,547
89$10,759,771$4,546,619$3,469,089$8,873,180
90$11,794,430$4,706,565$3,522,465$9,606,955
91$12,932,645$4,872,369$3,575,650$10,410,139
92$14,184,915$5,044,256$3,628,576$11,289,636
93$15,562,812$5,222,460$3,681,168$12,253,046
94$17,079,081$5,407,223$3,733,349$13,308,739
95$18,747,769$5,598,798$3,785,038$14,465,931
96$20,584,351$5,797,450$3,836,147$15,734,771
97$22,605,881$6,003,451$3,886,584$17,126,440
98$24,831,148$6,217,086$3,936,251$18,653,247
99$27,280,854$6,438,653$3,985,045$20,328,752
100$29,977,815$6,668,460$4,032,857$22,167,891