Can I retire at age 74 with 2,790,000?

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 $2,790,000?

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$230,396$228,343$226,341$224,387$222,479$220,339
2 years$114,057$111,933$109,874$107,878$105,942$103,786
3 years$75,283$73,149$71,096$69,119$67,214$65,109
4 years$55,899$53,773$51,740$49,796$47,938$45,900
5 years$44,272$42,158$40,152$38,248$36,441$34,477
6 years$36,524$34,425$32,449$30,587$28,835$26,946
7 years$30,991$28,910$26,965$25,148$23,450$21,639
8 years$26,843$24,782$22,869$21,096$19,454$17,719
9 years$23,619$21,577$19,697$17,969$16,383$14,724
10 years$21,041$19,019$17,172$15,489$13,960$12,375
11 years$18,933$16,931$15,118$13,480$12,006$10,495
12 years$17,178$15,197$13,417$11,824$10,404$8,965
13 years$15,694$13,733$11,987$10,439$9,072$7,704
14 years$14,423$12,483$10,770$9,266$7,953$6,653
15 years$13,323$11,404$9,724$8,264$7,002$5,769
16 years$12,361$10,463$8,816$7,400$6,189$5,020
17 years$11,513$9,636$8,023$6,648$5,487$4,381
18 years$10,760$8,904$7,324$5,992$4,879$3,834
19 years$10,087$8,252$6,704$5,414$4,349$3,362
20 years$9,482$7,668$6,153$4,903$3,884$2,953
21 years$8,936$7,143$5,660$4,450$3,476$2,599
22 years$8,440$6,667$5,216$4,046$3,116$2,290
23 years$7,987$6,236$4,816$3,685$2,797$2,021
24 years$7,573$5,843$4,454$3,361$2,514$1,785
25 years$7,193$5,483$4,125$3,069$2,262$1,578
26 years$6,843$5,153$3,826$2,806$2,038$1,396
27 years$6,519$4,850$3,553$2,569$1,837$1,236
28 years$6,218$4,570$3,303$2,354$1,658$1,095
29 years$5,939$4,311$3,074$2,158$1,497$971
30 years$5,679$4,071$2,863$1,981$1,353$861
31 years$5,436$3,849$2,669$1,819$1,223$764
32 years$5,209$3,642$2,490$1,672$1,106$679
33 years$4,996$3,449$2,325$1,537$1,001$603
34 years$4,797$3,269$2,173$1,415$906$535
35 years$4,608$3,100$2,031$1,302$821$476
36 years$4,431$2,943$1,900$1,199$744$423
37 years$4,264$2,795$1,778$1,105$674$376
38 years$4,106$2,656$1,665$1,018$611$334
39 years$3,956$2,526$1,560$939$554$297
40 years$3,814$2,403$1,463$866$503$264
41 years$3,680$2,287$1,371$799$456$235
42 years$3,552$2,178$1,286$738$414$209
43 years$3,431$2,076$1,207$681$376$186
44 years$3,315$1,978$1,133$629$341$166
45 years$3,205$1,887$1,064$581$309$147
46 years$3,100$1,800$999$536$281$131
47 years$2,999$1,718$939$495$255$117
48 years$2,903$1,640$882$458$232$104
49 years$2,812$1,566$829$423$210$92
50 years$2,724$1,496$780$391$191$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,790,000, adding $2,339 every year, while hoping to spend $21,733 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: 67/28/5 Blend
73$2,790,000$2,790,000$2,790,000$2,790,000
74$3,076,993$2,929,123$2,885,878$3,281,134
75$3,367,722$3,049,526$2,959,431$3,537,096
76$3,687,378$3,175,101$3,034,720$3,813,945
77$4,038,887$3,306,077$3,111,779$4,115,994
78$4,425,475$3,442,696$3,190,645$4,445,695
79$4,850,695$3,585,211$3,271,354$4,805,750
80$5,318,464$3,733,883$3,353,942$5,199,127
81$5,833,094$3,888,990$3,438,446$5,629,095
82$6,399,339$4,050,821$3,524,903$6,099,250
83$7,022,436$4,219,675$3,613,352$6,613,550
84$7,708,155$4,395,870$3,703,830$7,176,350
85$8,462,855$4,579,736$3,796,377$7,792,443
86$9,293,541$4,771,618$3,891,030$8,467,105
87$10,207,933$4,971,878$3,987,830$9,206,145
88$11,214,536$5,180,893$4,086,816$10,015,956
89$12,322,722$5,399,060$4,188,027$10,903,576
90$13,542,818$5,626,793$4,291,505$11,876,753
91$14,886,205$5,864,525$4,397,290$12,944,019
92$16,365,420$6,112,709$4,505,422$14,114,767
93$17,994,281$6,371,821$4,615,942$15,399,342
94$19,788,014$6,642,355$4,728,891$16,809,131
95$21,763,394$6,924,833$4,844,312$18,356,676
96$23,938,908$7,219,798$4,962,244$20,055,790
97$26,334,928$7,527,819$5,082,731$21,921,682
98$28,973,900$7,849,492$5,205,812$23,971,104
99$31,880,561$8,185,441$5,331,530$26,222,504
100$35,082,169$8,536,318$5,459,927$28,696,202