Can I retire at age 74 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$227,918$225,888$223,907$221,974$220,086$217,969
2 years$112,831$110,729$108,693$106,718$104,803$102,670
3 years$74,473$72,363$70,331$68,375$66,491$64,409
4 years$55,298$53,194$51,183$49,261$47,422$45,407
5 years$43,796$41,705$39,720$37,837$36,050$34,107
6 years$36,131$34,055$32,100$30,258$28,525$26,657
7 years$30,658$28,600$26,675$24,877$23,198$21,406
8 years$26,555$24,515$22,623$20,869$19,245$17,529
9 years$23,365$21,345$19,485$17,776$16,207$14,566
10 years$20,815$18,814$16,987$15,323$13,809$12,242
11 years$18,730$16,749$14,955$13,335$11,877$10,382
12 years$16,993$15,033$13,273$11,697$10,292$8,869
13 years$15,525$13,586$11,858$10,327$8,975$7,621
14 years$14,268$12,349$10,655$9,167$7,867$6,581
15 years$13,179$11,281$9,620$8,175$6,927$5,707
16 years$12,228$10,350$8,722$7,320$6,122$4,966
17 years$11,389$9,532$7,936$6,577$5,428$4,334
18 years$10,644$8,808$7,245$5,927$4,827$3,792
19 years$9,979$8,163$6,632$5,356$4,302$3,326
20 years$9,380$7,586$6,087$4,851$3,843$2,922
21 years$8,840$7,066$5,599$4,402$3,439$2,571
22 years$8,349$6,596$5,160$4,003$3,082$2,266
23 years$7,901$6,169$4,764$3,645$2,767$1,999
24 years$7,492$5,780$4,406$3,325$2,487$1,766
25 years$7,116$5,424$4,081$3,036$2,238$1,561
26 years$6,769$5,098$3,785$2,776$2,016$1,381
27 years$6,449$4,798$3,515$2,541$1,817$1,223
28 years$6,151$4,521$3,267$2,328$1,640$1,084
29 years$5,875$4,265$3,041$2,135$1,481$961
30 years$5,618$4,028$2,832$1,959$1,338$852
31 years$5,378$3,807$2,640$1,800$1,210$756
32 years$5,153$3,603$2,464$1,654$1,094$671
33 years$4,943$3,412$2,300$1,521$990$596
34 years$4,745$3,234$2,149$1,399$897$530
35 years$4,559$3,067$2,009$1,288$812$471
36 years$4,384$2,911$1,880$1,186$736$418
37 years$4,218$2,765$1,759$1,093$667$372
38 years$4,062$2,628$1,648$1,008$605$331
39 years$3,914$2,499$1,544$929$548$294
40 years$3,773$2,377$1,447$857$497$261
41 years$3,640$2,263$1,357$791$451$233
42 years$3,514$2,155$1,273$730$409$207
43 years$3,394$2,053$1,194$673$372$184
44 years$3,279$1,957$1,121$622$337$164
45 years$3,170$1,866$1,052$574$306$146
46 years$3,066$1,780$989$530$278$130
47 years$2,967$1,699$929$490$252$115
48 years$2,872$1,622$873$453$229$103
49 years$2,782$1,549$820$419$208$91
50 years$2,695$1,480$771$387$189$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,760,000, adding $4,101 every year, while hoping to spend $52,238 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: 48/40/12 Blend
73$2,760,000$2,760,000$2,760,000$2,760,000
74$3,045,750$2,899,470$2,856,690$3,181,677
75$3,300,836$2,985,963$2,896,808$3,362,217
76$3,580,190$3,074,944$2,936,520$3,552,372
77$3,886,231$3,166,479$2,975,756$3,757,661
78$4,221,626$3,260,636$3,014,443$3,979,513
79$4,589,310$3,357,485$3,052,505$4,219,501
80$4,992,516$3,457,098$3,089,860$4,479,355
81$5,434,804$3,559,547$3,126,422$4,760,978
82$5,920,097$3,664,908$3,162,100$5,066,466
83$6,452,714$3,773,255$3,196,798$5,398,123
84$7,037,415$3,884,669$3,230,414$5,758,487
85$7,679,440$3,999,226$3,262,842$6,150,351
86$8,384,565$4,117,010$3,293,969$6,576,789
87$9,159,149$4,238,103$3,323,676$7,041,187
88$10,010,201$4,362,588$3,351,838$7,547,270
89$10,945,441$4,490,554$3,378,323$8,099,144
90$11,973,371$4,622,087$3,402,992$8,701,325
91$13,103,363$4,757,277$3,425,701$9,358,790
92$14,345,739$4,896,216$3,446,294$10,077,018
93$15,711,870$5,038,997$3,464,611$10,862,045
94$17,214,287$5,185,714$3,480,482$11,720,516
95$18,866,795$5,336,464$3,493,728$12,659,753
96$20,684,602$5,491,345$3,504,162$13,687,819
97$22,684,468$5,650,458$3,511,588$14,813,597
98$24,884,857$5,813,903$3,515,799$16,046,870
99$27,306,112$5,981,784$3,516,579$17,398,416
100$29,970,650$6,154,206$3,513,698$18,880,108