Can I retire at age 74 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$222,138$220,159$218,229$216,344$214,504$208,642
2 years$109,969$107,921$105,936$104,012$102,145$96,281
3 years$72,585$70,528$68,548$66,641$64,805$59,124
4 years$53,896$51,845$49,885$48,011$46,219$40,765
5 years$42,686$40,647$38,713$36,877$35,135$29,922
6 years$35,215$33,192$31,286$29,491$27,801$22,834
7 years$29,880$27,874$25,999$24,246$22,610$17,889
8 years$25,881$23,893$22,049$20,340$18,757$14,280
9 years$22,773$20,803$18,991$17,325$15,796$11,558
10 years$20,287$18,337$16,557$14,934$13,459$9,455
11 years$18,255$16,325$14,576$12,997$11,575$7,799
12 years$16,562$14,652$12,936$11,400$10,031$6,476
13 years$15,132$13,241$11,557$10,065$8,747$5,405
14 years$13,906$12,036$10,384$8,934$7,668$4,531
15 years$12,845$10,995$9,376$7,968$6,751$3,812
16 years$11,918$10,088$8,500$7,134$5,967$3,216
17 years$11,100$9,290$7,735$6,410$5,291$2,720
18 years$10,374$8,585$7,061$5,777$4,704$2,305
19 years$9,726$7,956$6,464$5,220$4,193$1,957
20 years$9,142$7,393$5,932$4,728$3,745$1,663
21 years$8,616$6,887$5,457$4,291$3,352$1,416
22 years$8,137$6,428$5,029$3,901$3,004$1,206
23 years$7,701$6,012$4,644$3,553$2,697$1,028
24 years$7,302$5,633$4,295$3,240$2,424$877
25 years$6,935$5,286$3,978$2,959$2,181$749
26 years$6,597$4,968$3,689$2,706$1,965$640
27 years$6,285$4,676$3,426$2,477$1,771$547
28 years$5,995$4,406$3,185$2,269$1,598$468
29 years$5,726$4,157$2,963$2,081$1,443$400
30 years$5,476$3,925$2,760$1,910$1,304$342
31 years$5,242$3,711$2,573$1,754$1,179$293
32 years$5,023$3,511$2,401$1,612$1,066$251
33 years$4,817$3,325$2,242$1,482$965$215
34 years$4,625$3,152$2,095$1,364$874$184
35 years$4,443$2,989$1,958$1,256$791$157
36 years$4,272$2,837$1,832$1,156$717$135
37 years$4,111$2,695$1,715$1,065$650$115
38 years$3,959$2,561$1,606$982$589$99
39 years$3,814$2,435$1,504$905$534$85
40 years$3,678$2,317$1,410$835$485$72
41 years$3,548$2,205$1,322$771$440$62
42 years$3,425$2,100$1,240$711$399$53
43 years$3,308$2,001$1,164$656$362$46
44 years$3,196$1,908$1,092$606$329$39
45 years$3,090$1,819$1,026$560$298$33
46 years$2,989$1,735$963$517$271$29
47 years$2,892$1,656$905$478$246$25
48 years$2,799$1,581$851$441$223$21
49 years$2,711$1,510$799$408$203$18
50 years$2,626$1,442$752$377$184$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,690,000, adding $4,102 every year, while hoping to spend $22,018 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: 51/34/15 Blend
73$2,690,000$2,690,000$2,690,000$2,690,000
74$2,968,611$2,826,041$2,784,346$3,107,686
75$3,247,983$2,941,090$2,854,195$3,318,599
76$3,555,112$3,061,039$2,925,645$3,545,123
77$3,892,807$3,186,104$2,998,728$3,790,906
78$4,264,162$3,316,511$3,073,475$4,057,772
79$4,672,586$3,452,499$3,149,915$4,347,725
80$5,121,833$3,594,315$3,228,080$4,662,970
81$5,616,041$3,742,218$3,308,003$5,005,930
82$6,159,770$3,896,479$3,389,713$5,379,268
83$6,758,043$4,057,383$3,473,245$5,785,914
84$7,416,393$4,225,225$3,558,629$6,229,089
85$8,140,920$4,400,315$3,645,897$6,712,336
86$8,938,342$4,582,979$3,735,083$7,239,552
87$9,816,063$4,773,555$3,826,219$7,815,025
88$10,782,241$4,972,399$3,919,337$8,443,470
89$11,845,865$5,179,882$4,014,470$9,130,078
90$13,016,839$5,396,392$4,111,650$9,880,559
91$14,306,078$5,622,337$4,210,912$10,701,197
92$15,725,607$5,858,140$4,312,286$11,598,907
93$17,288,677$6,104,247$4,415,806$12,581,301
94$19,009,891$6,361,124$4,521,505$13,656,757
95$20,905,339$6,629,258$4,629,414$14,834,495
96$22,992,750$6,909,158$4,739,566$16,124,669
97$25,291,661$7,201,358$4,851,992$17,538,452
98$27,823,602$7,506,416$4,966,725$19,088,149
99$30,612,294$7,824,915$5,083,796$20,787,306
100$33,683,880$8,157,468$5,203,234$22,650,838