Can I retire at age 74 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$228,744$226,706$224,719$222,778$220,884$215,282
2 years$113,240$111,131$109,087$107,105$105,183$99,575
3 years$74,743$72,625$70,586$68,623$66,732$61,295
4 years$55,499$53,387$51,369$49,439$47,594$42,368
5 years$43,955$41,856$39,864$37,974$36,180$31,180
6 years$36,262$34,179$32,216$30,368$28,628$23,860
7 years$30,769$28,703$26,772$24,967$23,282$18,745
8 years$26,651$24,604$22,705$20,944$19,315$15,007
9 years$23,450$21,422$19,556$17,840$16,266$12,184
10 years$20,890$18,883$17,049$15,378$13,859$9,999
11 years$18,798$16,810$15,010$13,384$11,920$8,274
12 years$17,055$15,088$13,321$11,739$10,329$6,892
13 years$15,582$13,635$11,901$10,364$9,007$5,772
14 years$14,320$12,394$10,693$9,200$7,896$4,856
15 years$13,227$11,322$9,655$8,205$6,952$4,099
16 years$12,272$10,388$8,753$7,347$6,144$3,471
17 years$11,430$9,567$7,965$6,601$5,448$2,946
18 years$10,683$8,840$7,271$5,949$4,844$2,506
19 years$10,015$8,193$6,656$5,375$4,318$2,135
20 years$9,414$7,613$6,109$4,868$3,857$1,822
21 years$8,872$7,091$5,619$4,418$3,451$1,557
22 years$8,379$6,620$5,179$4,017$3,093$1,331
23 years$7,930$6,191$4,782$3,659$2,777$1,140
24 years$7,519$5,801$4,422$3,337$2,496$976
25 years$7,141$5,444$4,096$3,047$2,246$837
26 years$6,794$5,116$3,799$2,786$2,023$718
27 years$6,472$4,815$3,527$2,550$1,824$616
28 years$6,174$4,537$3,279$2,337$1,646$529
29 years$5,897$4,280$3,052$2,143$1,486$454
30 years$5,639$4,042$2,842$1,967$1,343$390
31 years$5,398$3,821$2,650$1,806$1,214$335
32 years$5,172$3,616$2,472$1,660$1,098$288
33 years$4,961$3,424$2,309$1,526$994$248
34 years$4,762$3,245$2,157$1,404$900$213
35 years$4,575$3,078$2,017$1,293$815$183
36 years$4,399$2,922$1,886$1,191$738$157
37 years$4,233$2,775$1,766$1,097$669$135
38 years$4,076$2,637$1,654$1,011$607$116
39 years$3,928$2,508$1,549$932$550$100
40 years$3,787$2,386$1,452$860$499$86
41 years$3,653$2,271$1,362$793$453$74
42 years$3,527$2,163$1,277$732$411$64
43 years$3,406$2,061$1,198$676$373$55
44 years$3,291$1,964$1,125$624$338$47
45 years$3,182$1,873$1,056$576$307$41
46 years$3,077$1,787$992$532$279$35
47 years$2,978$1,705$932$492$253$30
48 years$2,883$1,628$876$455$230$26
49 years$2,792$1,555$823$420$209$22
50 years$2,704$1,485$774$388$190$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,770,000, adding $6,101 every year, while hoping to spend $41,003 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: 74/10/16 Blend
73$2,770,000$2,770,000$2,770,000$2,770,000
74$3,058,833$2,912,023$2,869,088$3,273,781
75$3,327,207$3,011,085$2,921,576$3,515,986
76$3,621,581$3,113,628$2,974,447$3,775,660
77$3,944,564$3,219,777$3,027,673$4,059,103
78$4,299,029$3,329,665$3,081,219$4,368,669
79$4,688,140$3,443,429$3,135,051$4,706,947
80$5,115,386$3,561,212$3,189,130$5,076,789
81$5,584,606$3,683,162$3,243,416$5,481,335
82$6,100,031$3,809,432$3,297,866$5,924,045
83$6,666,321$3,940,182$3,352,432$6,408,729
84$7,288,612$4,075,577$3,407,065$6,939,583
85$7,972,561$4,215,790$3,461,711$7,521,229
86$8,724,397$4,361,000$3,516,314$8,158,760
87$9,550,989$4,511,392$3,570,813$8,857,782
88$10,459,899$4,667,159$3,625,145$9,624,475
89$11,459,460$4,828,502$3,679,239$10,465,644
90$12,558,856$4,995,629$3,733,024$11,388,787
91$13,768,202$5,168,757$3,786,423$12,402,163
92$15,098,644$5,348,112$3,839,354$13,514,872
93$16,562,462$5,533,926$3,891,729$14,736,939
94$18,173,189$5,726,444$3,943,457$16,079,409
95$19,945,732$5,925,917$3,994,441$17,554,450
96$21,896,519$6,132,610$4,044,577$19,175,470
97$24,043,651$6,346,795$4,093,757$20,957,240
98$26,407,071$6,568,756$4,141,866$22,916,034
99$29,008,756$6,798,788$4,188,782$25,069,784
100$31,872,920$7,037,199$4,234,377$27,438,250