Can I retire at age 74 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$221,312$219,341$217,417$215,540$213,707$210,949
2 years$109,560$107,520$105,542$103,625$101,765$98,991
3 years$72,315$70,265$68,293$66,394$64,564$61,859
4 years$53,696$51,653$49,700$47,833$46,048$43,433
5 years$42,527$40,496$38,569$36,740$35,005$32,488
6 years$35,084$33,068$31,170$29,381$27,698$25,282
7 years$29,769$27,771$25,902$24,156$22,526$20,212
8 years$25,785$23,805$21,967$20,264$18,687$16,475
9 years$22,688$20,726$18,920$17,260$15,737$13,626
10 years$20,212$18,269$16,495$14,879$13,409$11,397
11 years$18,187$16,264$14,522$12,949$11,532$9,617
12 years$16,501$14,598$12,888$11,358$9,994$8,174
13 years$15,075$13,192$11,514$10,027$8,715$6,988
14 years$13,855$11,991$10,346$8,901$7,639$6,003
15 years$12,797$10,954$9,341$7,938$6,726$5,177
16 years$11,873$10,050$8,469$7,108$5,945$4,480
17 years$11,059$9,256$7,706$6,386$5,271$3,888
18 years$10,336$8,553$7,035$5,755$4,687$3,383
19 years$9,689$7,927$6,440$5,200$4,177$2,949
20 years$9,108$7,366$5,910$4,710$3,731$2,576
21 years$8,584$6,861$5,436$4,275$3,339$2,253
22 years$8,107$6,404$5,011$3,887$2,993$1,973
23 years$7,672$5,990$4,626$3,540$2,687$1,731
24 years$7,275$5,612$4,279$3,228$2,415$1,519
25 years$6,909$5,267$3,963$2,948$2,173$1,335
26 years$6,573$4,950$3,675$2,696$1,957$1,173
27 years$6,262$4,658$3,413$2,468$1,765$1,032
28 years$5,973$4,390$3,173$2,261$1,592$909
29 years$5,705$4,141$2,952$2,073$1,438$801
30 years$5,455$3,911$2,750$1,903$1,299$706
31 years$5,222$3,697$2,564$1,747$1,175$622
32 years$5,004$3,498$2,392$1,606$1,062$549
33 years$4,799$3,313$2,234$1,477$962$484
34 years$4,607$3,140$2,087$1,359$871$427
35 years$4,427$2,978$1,951$1,251$789$377
36 years$4,256$2,827$1,825$1,152$714$333
37 years$4,096$2,685$1,708$1,061$648$294
38 years$3,944$2,551$1,600$978$587$259
39 years$3,800$2,426$1,499$902$532$229
40 years$3,664$2,308$1,405$832$483$202
41 years$3,535$2,197$1,317$768$438$179
42 years$3,412$2,093$1,236$708$397$158
43 years$3,295$1,994$1,160$654$361$140
44 years$3,184$1,900$1,088$604$327$123
45 years$3,078$1,812$1,022$558$297$109
46 years$2,977$1,729$960$515$270$96
47 years$2,881$1,650$902$476$245$85
48 years$2,789$1,575$847$440$223$75
49 years$2,701$1,504$797$406$202$67
50 years$2,617$1,437$749$376$184$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,680,000, adding $2,860 every year, while hoping to spend $44,995 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: 35/38/27 Blend
73$2,680,000$2,680,000$2,680,000$2,680,000
74$2,956,310$2,814,270$2,772,730$3,035,603
75$3,209,979$2,904,295$2,817,742$3,185,110
76$3,488,015$2,997,223$2,862,754$3,342,047
77$3,792,855$3,093,149$2,907,719$3,510,507
78$4,127,183$3,192,171$2,952,585$3,691,551
79$4,493,958$3,294,390$2,997,299$3,886,345
80$4,896,437$3,399,910$3,041,803$4,096,170
81$5,338,208$3,508,840$3,086,038$4,322,438
82$5,823,223$3,621,291$3,129,938$4,566,699
83$6,355,836$3,737,378$3,173,435$4,830,659
84$6,940,843$3,857,221$3,216,457$5,116,195
85$7,583,526$3,980,943$3,258,926$5,425,373
86$8,289,707$4,108,670$3,300,761$5,760,466
87$9,065,798$4,240,535$3,341,877$6,123,976
88$9,918,861$4,376,674$3,382,182$6,518,655
89$10,856,680$4,517,226$3,421,580$6,947,536
90$11,887,829$4,662,337$3,459,970$7,413,955
91$13,021,754$4,812,158$3,497,245$7,921,584
92$14,268,862$4,966,843$3,533,292$8,474,470
93$15,640,620$5,126,552$3,567,991$9,077,065
94$17,149,661$5,291,452$3,601,218$9,734,273
95$18,809,907$5,461,713$3,632,839$10,451,495
96$20,636,693$5,637,513$3,662,715$11,234,678
97$22,646,919$5,819,034$3,690,699$12,090,373
98$24,859,205$6,006,467$3,716,637$13,025,793
99$27,294,066$6,200,006$3,740,367$14,048,884
100$29,974,109$6,399,854$3,761,717$15,168,399