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

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$222,138$220,159$218,229$216,344$214,504$211,473
2 years$109,969$107,921$105,936$104,012$102,145$99,097
3 years$72,585$70,528$68,548$66,641$64,805$61,835
4 years$53,896$51,845$49,885$48,011$46,219$43,350
5 years$42,686$40,647$38,713$36,877$35,135$32,375
6 years$35,215$33,192$31,286$29,491$27,801$25,154
7 years$29,880$27,874$25,999$24,246$22,610$20,076
8 years$25,881$23,893$22,049$20,340$18,757$16,336
9 years$22,773$20,803$18,991$17,325$15,796$13,487
10 years$20,287$18,337$16,557$14,934$13,459$11,260
11 years$18,255$16,325$14,576$12,997$11,575$9,484
12 years$16,562$14,652$12,936$11,400$10,031$8,045
13 years$15,132$13,241$11,557$10,065$8,747$6,864
14 years$13,906$12,036$10,384$8,934$7,668$5,885
15 years$12,845$10,995$9,376$7,968$6,751$5,065
16 years$11,918$10,088$8,500$7,134$5,967$4,374
17 years$11,100$9,290$7,735$6,410$5,291$3,788
18 years$10,374$8,585$7,061$5,777$4,704$3,289
19 years$9,726$7,956$6,464$5,220$4,193$2,861
20 years$9,142$7,393$5,932$4,728$3,745$2,493
21 years$8,616$6,887$5,457$4,291$3,352$2,176
22 years$8,137$6,428$5,029$3,901$3,004$1,901
23 years$7,701$6,012$4,644$3,553$2,697$1,664
24 years$7,302$5,633$4,295$3,240$2,424$1,457
25 years$6,935$5,286$3,978$2,959$2,181$1,277
26 years$6,597$4,968$3,689$2,706$1,965$1,120
27 years$6,285$4,676$3,426$2,477$1,771$983
28 years$5,995$4,406$3,185$2,269$1,598$863
29 years$5,726$4,157$2,963$2,081$1,443$759
30 years$5,476$3,925$2,760$1,910$1,304$667
31 years$5,242$3,711$2,573$1,754$1,179$586
32 years$5,023$3,511$2,401$1,612$1,066$516
33 years$4,817$3,325$2,242$1,482$965$454
34 years$4,625$3,152$2,095$1,364$874$400
35 years$4,443$2,989$1,958$1,256$791$352
36 years$4,272$2,837$1,832$1,156$717$310
37 years$4,111$2,695$1,715$1,065$650$273
38 years$3,959$2,561$1,606$982$589$240
39 years$3,814$2,435$1,504$905$534$212
40 years$3,678$2,317$1,410$835$485$187
41 years$3,548$2,205$1,322$771$440$164
42 years$3,425$2,100$1,240$711$399$145
43 years$3,308$2,001$1,164$656$362$128
44 years$3,196$1,908$1,092$606$329$112
45 years$3,090$1,819$1,026$560$298$99
46 years$2,989$1,735$963$517$271$87
47 years$2,892$1,656$905$478$246$77
48 years$2,799$1,581$851$441$223$68
49 years$2,711$1,510$799$408$203$60
50 years$2,626$1,442$752$377$184$53

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 $6,542 every year, while hoping to spend $53,477 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: 39/39/22 Blend
73$2,690,000$2,690,000$2,690,000$2,690,000
74$2,971,128$2,828,558$2,786,863$3,067,325
75$3,217,284$2,910,258$2,823,324$3,219,049
76$3,486,756$2,994,170$2,859,214$3,377,471
77$3,781,864$3,080,344$2,894,457$3,547,693
78$4,105,167$3,168,833$2,928,974$3,730,819
79$4,459,480$3,259,692$2,962,681$3,928,061
80$4,847,904$3,352,973$2,995,487$4,140,753
81$5,273,854$3,448,733$3,027,300$4,370,366
82$5,741,091$3,547,025$3,058,019$4,618,516
83$6,253,761$3,647,907$3,087,540$4,886,982
84$6,816,425$3,751,436$3,115,754$5,177,726
85$7,434,112$3,857,667$3,142,543$5,492,904
86$8,112,358$3,966,661$3,167,786$5,834,892
87$8,857,265$4,078,473$3,191,353$6,206,308
88$9,675,552$4,193,164$3,213,109$6,610,031
89$10,574,622$4,310,793$3,232,912$7,049,237
90$11,562,630$4,431,418$3,250,611$7,527,420
91$12,648,561$4,555,101$3,266,049$8,048,430
92$13,842,314$4,681,899$3,279,060$8,616,509
93$15,154,792$4,811,875$3,289,471$9,236,328
94$16,598,010$4,945,086$3,297,098$9,913,035
95$18,185,206$5,081,595$3,301,750$10,652,298
96$19,930,963$5,221,459$3,303,225$11,460,366
97$21,851,350$5,364,739$3,301,311$12,344,120
98$23,964,070$5,511,493$3,295,788$13,311,142
99$26,288,630$5,661,781$3,286,421$14,369,789
100$28,846,522$5,815,660$3,272,968$15,529,264