Can I retire at age 74 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$222,963$220,977$219,040$217,149$215,302$210,869
2 years$110,378$108,322$106,330$104,398$102,525$98,078
3 years$72,854$70,790$68,803$66,889$65,046$60,725
4 years$54,096$52,038$50,071$48,190$46,391$42,230
5 years$42,844$40,798$38,857$37,014$35,266$31,275
6 years$35,345$33,315$31,402$29,601$27,905$24,089
7 years$29,991$27,978$26,095$24,336$22,694$19,054
8 years$25,977$23,982$22,131$20,415$18,827$15,362
9 years$22,857$20,881$19,061$17,389$15,855$12,562
10 years$20,362$18,405$16,618$14,990$13,509$10,386
11 years$18,323$16,385$14,630$13,045$11,618$8,660
12 years$16,624$14,707$12,984$11,443$10,068$7,271
13 years$15,188$13,290$11,600$10,102$8,780$6,138
14 years$13,958$12,081$10,423$8,968$7,696$5,206
15 years$12,893$11,036$9,411$7,997$6,776$4,432
16 years$11,962$10,125$8,532$7,161$5,989$3,785
17 years$11,141$9,325$7,764$6,434$5,310$3,240
18 years$10,413$8,617$7,087$5,798$4,722$2,781
19 years$9,762$7,986$6,488$5,239$4,208$2,390
20 years$9,176$7,421$5,954$4,745$3,759$2,058
21 years$8,648$6,912$5,477$4,307$3,364$1,775
22 years$8,167$6,452$5,048$3,916$3,015$1,532
23 years$7,730$6,035$4,661$3,566$2,707$1,324
24 years$7,329$5,654$4,310$3,252$2,433$1,145
25 years$6,961$5,306$3,992$2,970$2,189$991
26 years$6,622$4,987$3,703$2,716$1,972$858
27 years$6,308$4,693$3,438$2,486$1,778$744
28 years$6,018$4,422$3,196$2,278$1,604$645
29 years$5,748$4,172$2,974$2,089$1,449$559
30 years$5,496$3,940$2,771$1,917$1,309$485
31 years$5,261$3,725$2,583$1,760$1,183$421
32 years$5,041$3,524$2,410$1,618$1,070$365
33 years$4,835$3,338$2,250$1,488$969$317
34 years$4,642$3,163$2,102$1,369$877$276
35 years$4,460$3,000$1,966$1,260$794$239
36 years$4,288$2,848$1,839$1,161$720$208
37 years$4,126$2,705$1,721$1,069$652$181
38 years$3,973$2,570$1,612$986$591$157
39 years$3,829$2,444$1,510$909$536$136
40 years$3,691$2,325$1,415$838$486$119
41 years$3,561$2,214$1,327$773$441$103
42 years$3,437$2,108$1,245$714$400$90
43 years$3,320$2,009$1,168$659$363$78
44 years$3,208$1,915$1,097$608$330$68
45 years$3,101$1,826$1,030$562$299$59
46 years$3,000$1,742$967$519$272$51
47 years$2,903$1,662$909$479$247$44
48 years$2,810$1,587$854$443$224$39
49 years$2,721$1,515$802$409$204$34
50 years$2,636$1,447$754$378$185$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,700,000, adding $2,131 every year, while hoping to spend $44,899 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: 54/23/23 Blend
73$2,700,000$2,700,000$2,700,000$2,700,000
74$2,977,598$2,834,498$2,792,648$3,119,452
75$3,233,541$2,925,616$2,838,430$3,308,326
76$3,514,085$3,019,695$2,884,240$3,508,971
77$3,821,693$3,116,830$2,930,033$3,726,458
78$4,159,075$3,217,125$2,975,759$3,962,413
79$4,529,219$3,320,682$3,021,365$4,218,627
80$4,935,413$3,427,610$3,066,795$4,497,069
81$5,381,283$3,538,020$3,111,990$4,799,909
82$5,870,818$3,652,028$3,156,886$5,129,534
83$6,408,417$3,769,752$3,201,417$5,488,575
84$6,998,922$3,891,316$3,245,510$5,879,927
85$7,647,669$4,016,848$3,289,092$6,306,777
86$8,360,536$4,146,478$3,332,082$6,772,637
87$9,143,999$4,280,344$3,374,395$7,281,373
88$10,005,192$4,418,586$3,415,942$7,837,243
89$10,951,975$4,561,350$3,456,629$8,444,937
90$11,993,006$4,708,786$3,496,356$9,109,621
91$13,137,826$4,861,050$3,535,018$9,836,985
92$14,396,947$5,018,304$3,572,503$10,633,297
93$15,781,948$5,180,713$3,608,695$11,505,459
94$17,305,589$5,348,451$3,643,469$12,461,079
95$18,981,929$5,521,695$3,676,695$13,508,533
96$20,826,458$5,700,630$3,708,236$14,657,051
97$22,856,242$5,885,446$3,737,947$15,916,802
98$25,090,087$6,076,341$3,765,677$17,298,988
99$27,548,713$6,273,519$3,791,264$18,815,950
100$30,254,951$6,477,191$3,814,541$20,481,286