Can I retire at age 74 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$218,835$216,885$214,983$213,127$211,315$206,626
2 years$108,334$106,316$104,361$102,465$100,626$95,927
3 years$71,505$69,479$67,528$65,650$63,841$59,278
4 years$53,094$51,074$49,143$47,297$45,532$41,140
5 years$42,051$40,043$38,137$36,329$34,613$30,404
6 years$34,691$32,698$30,821$29,053$27,388$23,367
7 years$29,436$27,460$25,612$23,886$22,274$18,442
8 years$25,496$23,538$21,721$20,037$18,478$14,833
9 years$22,434$20,494$18,708$17,067$15,561$12,101
10 years$19,985$18,065$16,310$14,712$13,259$9,980
11 years$17,983$16,082$14,359$12,804$11,403$8,301
12 years$16,316$14,434$12,744$11,231$9,882$6,951
13 years$14,907$13,044$11,386$9,915$8,617$5,853
14 years$13,699$11,857$10,230$8,801$7,554$4,950
15 years$12,654$10,831$9,236$7,849$6,651$4,202
16 years$11,740$9,938$8,374$7,028$5,878$3,578
17 years$10,935$9,152$7,620$6,315$5,212$3,055
18 years$10,220$8,457$6,956$5,691$4,634$2,614
19 years$9,581$7,838$6,368$5,142$4,131$2,241
20 years$9,007$7,283$5,844$4,657$3,689$1,923
21 years$8,487$6,784$5,376$4,227$3,302$1,653
22 years$8,016$6,333$4,954$3,843$2,959$1,423
23 years$7,587$5,923$4,575$3,500$2,657$1,226
24 years$7,193$5,549$4,231$3,192$2,388$1,057
25 years$6,832$5,208$3,918$2,915$2,149$912
26 years$6,499$4,895$3,634$2,666$1,935$787
27 years$6,192$4,606$3,375$2,440$1,745$680
28 years$5,906$4,341$3,137$2,235$1,575$587
29 years$5,641$4,095$2,919$2,050$1,422$508
30 years$5,394$3,867$2,719$1,881$1,285$439
31 years$5,164$3,656$2,535$1,728$1,161$380
32 years$4,948$3,459$2,365$1,588$1,051$329
33 years$4,746$3,276$2,209$1,460$951$284
34 years$4,556$3,105$2,064$1,344$861$246
35 years$4,377$2,945$1,929$1,237$780$213
36 years$4,209$2,795$1,805$1,139$706$184
37 years$4,050$2,655$1,689$1,050$640$160
38 years$3,900$2,523$1,582$967$580$138
39 years$3,758$2,399$1,482$892$526$120
40 years$3,623$2,282$1,389$823$477$104
41 years$3,495$2,173$1,303$759$433$90
42 years$3,374$2,069$1,222$701$393$78
43 years$3,258$1,971$1,147$647$357$67
44 years$3,149$1,879$1,076$597$324$58
45 years$3,044$1,792$1,011$551$294$51
46 years$2,944$1,710$949$509$267$44
47 years$2,849$1,631$892$471$242$38
48 years$2,758$1,557$838$435$220$33
49 years$2,671$1,487$788$402$200$29
50 years$2,587$1,421$740$371$182$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,650,000, adding $4,459 every year, while hoping to spend $39,955 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: 72/5/23 Blend
73$2,650,000$2,650,000$2,650,000$2,650,000
74$2,924,899$2,784,449$2,743,374$3,118,506
75$3,180,727$2,878,376$2,792,766$3,342,095
76$3,461,311$2,975,565$2,842,472$3,581,746
77$3,769,132$3,076,136$2,892,463$3,843,258
78$4,106,927$3,180,209$2,942,703$4,128,797
79$4,477,706$3,287,913$2,993,157$4,440,754
80$4,884,790$3,399,378$3,043,785$4,781,758
81$5,331,832$3,514,741$3,094,546$5,154,706
82$5,822,859$3,634,143$3,145,393$5,562,791
83$6,362,307$3,757,733$3,196,281$6,009,529
84$6,955,063$3,885,663$3,247,157$6,498,792
85$7,606,510$4,018,090$3,297,967$7,034,847
86$8,322,578$4,155,181$3,348,653$7,622,395
87$9,109,801$4,297,105$3,399,153$8,266,616
88$9,975,379$4,444,041$3,449,402$8,973,213
89$10,927,241$4,596,173$3,499,331$9,748,474
90$11,974,126$4,753,691$3,548,865$10,599,323
91$13,125,661$4,916,796$3,597,926$11,533,392
92$14,392,452$5,085,694$3,646,431$12,559,088
93$15,786,188$5,260,598$3,694,292$13,685,674
94$17,319,745$5,441,733$3,741,416$14,923,357
95$19,007,310$5,629,329$3,787,705$16,283,383
96$20,864,517$5,823,628$3,833,054$17,778,144
97$22,908,591$6,024,879$3,877,354$19,421,295
98$25,158,511$6,233,341$3,920,489$21,227,880
99$27,635,189$6,449,286$3,962,336$23,214,478
100$30,361,671$6,672,992$4,002,766$25,399,356