Can I retire at age 74 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$218,009$216,067$214,172$212,323$210,517$206,860
2 years$107,925$105,915$103,967$102,078$100,246$96,573
3 years$71,235$69,217$67,274$65,403$63,600$60,026
4 years$52,894$50,882$48,958$47,119$45,360$41,912
5 years$41,892$39,892$37,993$36,192$34,482$31,171
6 years$34,560$32,575$30,704$28,943$27,285$24,113
7 years$29,325$27,356$25,515$23,796$22,190$19,159
8 years$25,400$23,449$21,639$19,961$18,408$15,518
9 years$22,349$20,417$18,638$17,003$15,503$12,751
10 years$19,910$17,996$16,249$14,657$13,209$10,594
11 years$17,916$16,021$14,305$12,756$11,360$8,878
12 years$16,255$14,380$12,695$11,188$9,844$7,493
13 years$14,850$12,995$11,343$9,878$8,585$6,359
14 years$13,648$11,812$10,191$8,768$7,525$5,423
15 years$12,606$10,791$9,201$7,820$6,626$4,642
16 years$11,696$9,900$8,342$7,002$5,856$3,986
17 years$10,894$9,118$7,591$6,291$5,192$3,433
18 years$10,181$8,425$6,930$5,669$4,617$2,963
19 years$9,545$7,808$6,344$5,123$4,115$2,562
20 years$8,973$7,256$5,822$4,640$3,676$2,220
21 years$8,455$6,759$5,355$4,211$3,289$1,926
22 years$7,986$6,309$4,936$3,829$2,948$1,672
23 years$7,558$5,901$4,557$3,487$2,647$1,454
24 years$7,166$5,528$4,215$3,180$2,379$1,266
25 years$6,806$5,188$3,904$2,904$2,141$1,102
26 years$6,475$4,876$3,620$2,656$1,928$961
27 years$6,168$4,589$3,362$2,431$1,738$838
28 years$5,884$4,324$3,125$2,227$1,569$731
29 years$5,620$4,079$2,908$2,042$1,416$638
30 years$5,374$3,852$2,709$1,874$1,280$557
31 years$5,144$3,642$2,526$1,721$1,157$487
32 years$4,929$3,446$2,356$1,582$1,047$425
33 years$4,728$3,263$2,200$1,455$947$372
34 years$4,539$3,093$2,056$1,339$858$325
35 years$4,361$2,934$1,922$1,232$777$284
36 years$4,193$2,784$1,798$1,135$704$249
37 years$4,035$2,645$1,683$1,046$638$218
38 years$3,885$2,513$1,576$964$578$190
39 years$3,743$2,390$1,476$889$524$167
40 years$3,609$2,274$1,384$820$476$146
41 years$3,482$2,164$1,298$756$432$128
42 years$3,361$2,061$1,217$698$392$112
43 years$3,246$1,964$1,142$644$355$98
44 years$3,137$1,872$1,072$595$323$85
45 years$3,032$1,785$1,007$549$293$75
46 years$2,933$1,703$946$507$266$66
47 years$2,838$1,625$888$469$241$57
48 years$2,747$1,551$835$433$219$50
49 years$2,661$1,482$785$400$199$44
50 years$2,578$1,415$738$370$181$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,640,000, adding $6,019 every year, while hoping to spend $40,824 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: 57/34/9 Blend
73$2,640,000$2,640,000$2,640,000$2,640,000
74$2,915,489$2,775,569$2,734,649$3,075,150
75$3,169,432$2,868,135$2,782,823$3,276,020
76$3,447,909$2,963,869$2,831,243$3,489,698
77$3,753,380$3,062,883$2,879,873$3,721,524
78$4,088,553$3,165,292$2,928,677$3,973,237
79$4,456,412$3,271,218$2,977,615$4,246,752
80$4,860,244$3,380,785$3,026,642$4,544,174
81$5,303,668$3,494,123$3,075,715$4,867,819
82$5,790,674$3,611,367$3,124,783$5,220,235
83$6,325,655$3,732,656$3,173,795$5,604,228
84$6,913,450$3,858,134$3,222,695$6,022,884
85$7,559,391$3,987,952$3,271,425$6,479,599
86$8,269,352$4,122,265$3,319,921$6,978,115
87$9,049,805$4,261,235$3,368,117$7,522,546
88$9,907,879$4,405,030$3,415,943$8,117,426
89$10,851,429$4,553,822$3,463,323$8,767,742
90$11,889,109$4,707,794$3,510,179$9,478,988
91$13,030,453$4,867,131$3,556,425$10,257,213
92$14,285,968$5,032,028$3,601,973$11,109,075
93$15,667,226$5,202,687$3,646,729$12,041,909
94$17,186,982$5,379,318$3,690,593$13,063,792
95$18,859,286$5,562,136$3,733,460$14,183,616
96$20,699,621$5,751,369$3,775,219$15,411,178
97$22,725,046$5,947,250$3,815,752$16,757,266
98$24,954,357$6,150,022$3,854,937$18,233,762
99$27,408,266$6,359,937$3,892,642$19,853,753
100$30,109,594$6,577,258$3,928,729$21,631,655