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

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$230,396$228,343$226,341$224,387$222,479$220,522
2 years$114,057$111,933$109,874$107,878$105,942$103,971
3 years$75,283$73,149$71,096$69,119$67,214$65,289
4 years$55,899$53,773$51,740$49,796$47,938$46,073
5 years$44,272$42,158$40,152$38,248$36,441$34,643
6 years$36,524$34,425$32,449$30,587$28,835$27,105
7 years$30,991$28,910$26,965$25,148$23,450$21,790
8 years$26,843$24,782$22,869$21,096$19,454$17,864
9 years$23,619$21,577$19,697$17,969$16,383$14,862
10 years$21,041$19,019$17,172$15,489$13,960$12,506
11 years$18,933$16,931$15,118$13,480$12,006$10,619
12 years$17,178$15,197$13,417$11,824$10,404$9,082
13 years$15,694$13,733$11,987$10,439$9,072$7,815
14 years$14,423$12,483$10,770$9,266$7,953$6,758
15 years$13,323$11,404$9,724$8,264$7,002$5,868
16 years$12,361$10,463$8,816$7,400$6,189$5,113
17 years$11,513$9,636$8,023$6,648$5,487$4,469
18 years$10,760$8,904$7,324$5,992$4,879$3,916
19 years$10,087$8,252$6,704$5,414$4,349$3,439
20 years$9,482$7,668$6,153$4,903$3,884$3,025
21 years$8,936$7,143$5,660$4,450$3,476$2,666
22 years$8,440$6,667$5,216$4,046$3,116$2,353
23 years$7,987$6,236$4,816$3,685$2,797$2,079
24 years$7,573$5,843$4,454$3,361$2,514$1,839
25 years$7,193$5,483$4,125$3,069$2,262$1,629
26 years$6,843$5,153$3,826$2,806$2,038$1,443
27 years$6,519$4,850$3,553$2,569$1,837$1,280
28 years$6,218$4,570$3,303$2,354$1,658$1,136
29 years$5,939$4,311$3,074$2,158$1,497$1,009
30 years$5,679$4,071$2,863$1,981$1,353$896
31 years$5,436$3,849$2,669$1,819$1,223$797
32 years$5,209$3,642$2,490$1,672$1,106$708
33 years$4,996$3,449$2,325$1,537$1,001$630
34 years$4,797$3,269$2,173$1,415$906$561
35 years$4,608$3,100$2,031$1,302$821$499
36 years$4,431$2,943$1,900$1,199$744$444
37 years$4,264$2,795$1,778$1,105$674$396
38 years$4,106$2,656$1,665$1,018$611$352
39 years$3,956$2,526$1,560$939$554$314
40 years$3,814$2,403$1,463$866$503$280
41 years$3,680$2,287$1,371$799$456$249
42 years$3,552$2,178$1,286$738$414$222
43 years$3,431$2,076$1,207$681$376$198
44 years$3,315$1,978$1,133$629$341$176
45 years$3,205$1,887$1,064$581$309$157
46 years$3,100$1,800$999$536$281$140
47 years$2,999$1,718$939$495$255$125
48 years$2,903$1,640$882$458$232$111
49 years$2,812$1,566$829$423$210$99
50 years$2,724$1,496$780$391$191$89

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 $4,202 every year, while hoping to spend $50,516 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: 62/23/15 Blend
73$2,790,000$2,790,000$2,790,000$2,790,000
74$3,078,914$2,931,044$2,887,799$3,258,147
75$3,339,215$3,020,917$2,930,792$3,468,963
76$3,624,373$3,113,500$2,973,532$3,692,892
77$3,936,871$3,208,873$3,015,957$3,936,130
78$4,279,442$3,307,119$3,058,002$4,200,553
79$4,655,098$3,408,320$3,099,597$4,488,229
80$5,067,153$3,512,563$3,140,669$4,801,432
81$5,519,262$3,619,937$3,181,140$5,142,668
82$6,015,445$3,730,533$3,220,928$5,514,694
83$6,560,136$3,844,445$3,259,944$5,920,548
84$7,158,216$3,961,768$3,298,098$6,363,574
85$7,815,061$4,082,602$3,335,292$6,847,455
86$8,536,596$4,207,049$3,371,423$7,376,247
87$9,329,347$4,335,211$3,406,383$7,954,416
88$10,200,501$4,467,198$3,440,058$8,586,884
89$11,157,979$4,603,117$3,472,327$9,279,068
90$12,210,506$4,743,083$3,503,063$10,036,939
91$13,367,695$4,887,212$3,532,133$10,867,072
92$14,640,136$5,035,622$3,559,396$11,776,709
93$16,039,498$5,188,435$3,584,704$12,773,830
94$17,578,636$5,345,778$3,607,900$13,867,224
95$19,271,714$5,507,778$3,628,822$15,066,575
96$21,134,338$5,674,568$3,647,296$16,382,550
97$23,183,702$5,846,283$3,663,142$17,826,902
98$25,438,752$6,023,063$3,676,169$19,412,579
99$27,920,361$6,205,050$3,686,178$21,153,848
100$30,651,530$6,392,390$3,692,957$23,066,426