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

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$222,963$220,977$219,040$217,149$215,302$212,172
2 years$110,378$108,322$106,330$104,398$102,525$99,378
3 years$72,854$70,790$68,803$66,889$65,046$61,980
4 years$54,096$52,038$50,071$48,190$46,391$43,430
5 years$42,844$40,798$38,857$37,014$35,266$32,418
6 years$35,345$33,315$31,402$29,601$27,905$25,173
7 years$29,991$27,978$26,095$24,336$22,694$20,080
8 years$25,977$23,982$22,131$20,415$18,827$16,330
9 years$22,857$20,881$19,061$17,389$15,855$13,474
10 years$20,362$18,405$16,618$14,990$13,509$11,242
11 years$18,323$16,385$14,630$13,045$11,618$9,463
12 years$16,624$14,707$12,984$11,443$10,068$8,023
13 years$15,188$13,290$11,600$10,102$8,780$6,840
14 years$13,958$12,081$10,423$8,968$7,696$5,860
15 years$12,893$11,036$9,411$7,997$6,776$5,041
16 years$11,962$10,125$8,532$7,161$5,989$4,350
17 years$11,141$9,325$7,764$6,434$5,310$3,765
18 years$10,413$8,617$7,087$5,798$4,722$3,266
19 years$9,762$7,986$6,488$5,239$4,208$2,839
20 years$9,176$7,421$5,954$4,745$3,759$2,472
21 years$8,648$6,912$5,477$4,307$3,364$2,156
22 years$8,167$6,452$5,048$3,916$3,015$1,883
23 years$7,730$6,035$4,661$3,566$2,707$1,646
24 years$7,329$5,654$4,310$3,252$2,433$1,440
25 years$6,961$5,306$3,992$2,970$2,189$1,261
26 years$6,622$4,987$3,703$2,716$1,972$1,106
27 years$6,308$4,693$3,438$2,486$1,778$970
28 years$6,018$4,422$3,196$2,278$1,604$851
29 years$5,748$4,172$2,974$2,089$1,449$747
30 years$5,496$3,940$2,771$1,917$1,309$656
31 years$5,261$3,725$2,583$1,760$1,183$577
32 years$5,041$3,524$2,410$1,618$1,070$507
33 years$4,835$3,338$2,250$1,488$969$446
34 years$4,642$3,163$2,102$1,369$877$392
35 years$4,460$3,000$1,966$1,260$794$345
36 years$4,288$2,848$1,839$1,161$720$303
37 years$4,126$2,705$1,721$1,069$652$267
38 years$3,973$2,570$1,612$986$591$235
39 years$3,829$2,444$1,510$909$536$207
40 years$3,691$2,325$1,415$838$486$182
41 years$3,561$2,214$1,327$773$441$160
42 years$3,437$2,108$1,245$714$400$141
43 years$3,320$2,009$1,168$659$363$124
44 years$3,208$1,915$1,097$608$330$109
45 years$3,101$1,826$1,030$562$299$96
46 years$3,000$1,742$967$519$272$85
47 years$2,903$1,662$909$479$247$75
48 years$2,810$1,587$854$443$224$66
49 years$2,721$1,515$802$409$204$58
50 years$2,636$1,447$754$378$185$51

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 $5,979 every year, while hoping to spend $29,575 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: 64/22/14 Blend
73$2,700,000$2,700,000$2,700,000$2,700,000
74$2,981,567$2,838,467$2,796,617$3,162,046
75$3,254,220$2,946,085$2,858,836$3,391,219
76$3,553,691$3,057,984$2,922,149$3,637,496
77$3,882,686$3,174,344$2,986,559$3,905,785
78$4,244,185$3,295,351$3,052,073$4,198,233
79$4,641,468$3,421,199$3,118,694$4,517,199
80$5,078,151$3,552,092$3,186,424$4,865,281
81$5,558,219$3,688,241$3,255,266$5,245,338
82$6,086,060$3,829,868$3,325,220$5,660,517
83$6,666,510$3,977,202$3,396,286$6,114,280
84$7,304,894$4,130,486$3,468,462$6,610,440
85$8,007,084$4,289,970$3,541,746$7,153,195
86$8,779,545$4,455,917$3,616,133$7,747,166
87$9,629,403$4,628,601$3,691,618$8,397,441
88$10,564,508$4,808,309$3,768,193$9,109,621
89$11,593,511$4,995,339$3,845,851$9,889,874
90$12,725,942$5,190,003$3,924,579$10,744,995
91$13,972,302$5,392,628$4,004,367$11,682,461
92$15,344,163$5,603,553$4,085,199$12,710,512
93$16,854,274$5,823,133$4,167,060$13,838,218
94$18,516,685$6,051,741$4,249,931$15,075,571
95$20,346,874$6,289,764$4,333,792$16,433,576
96$22,361,900$6,537,607$4,418,618$17,924,353
97$24,580,557$6,795,693$4,504,385$19,561,252
98$27,023,556$7,064,464$4,591,064$21,358,977
99$29,713,718$7,344,383$4,678,624$23,333,726
100$32,676,190$7,635,930$4,767,031$25,503,342