Can I retire at age 74 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$232,873$230,799$228,775$226,800$224,871$218,461
2 years$115,284$113,137$111,056$109,038$107,081$100,673
3 years$76,092$73,936$71,860$69,862$67,937$61,731
4 years$56,501$54,351$52,296$50,332$48,453$42,498
5 years$44,748$42,612$40,584$38,659$36,833$31,145
6 years$36,916$34,796$32,798$30,916$29,145$23,728
7 years$31,324$29,221$27,255$25,418$23,703$18,558
8 years$27,132$25,048$23,114$21,323$19,664$14,788
9 years$23,873$21,809$19,909$18,162$16,560$11,948
10 years$21,267$19,223$17,357$15,656$14,110$9,756
11 years$19,137$17,113$15,281$13,625$12,135$8,032
12 years$17,363$15,360$13,561$11,951$10,516$6,656
13 years$15,863$13,881$12,116$10,551$9,170$5,544
14 years$14,578$12,618$10,886$9,366$8,038$4,638
15 years$13,466$11,526$9,829$8,353$7,078$3,893
16 years$12,494$10,575$8,911$7,479$6,255$3,278
17 years$11,637$9,739$8,109$6,720$5,546$2,766
18 years$10,876$9,000$7,402$6,056$4,931$2,339
19 years$10,196$8,341$6,777$5,472$4,396$1,981
20 years$9,584$7,751$6,219$4,956$3,926$1,680
21 years$9,032$7,219$5,720$4,498$3,513$1,427
22 years$8,530$6,739$5,272$4,090$3,149$1,213
23 years$8,073$6,303$4,868$3,725$2,827$1,031
24 years$7,655$5,905$4,502$3,397$2,541$878
25 years$7,270$5,542$4,170$3,102$2,287$748
26 years$6,916$5,209$3,867$2,837$2,060$637
27 years$6,589$4,902$3,591$2,596$1,857$543
28 years$6,285$4,619$3,338$2,379$1,676$463
29 years$6,003$4,357$3,107$2,181$1,513$395
30 years$5,740$4,115$2,894$2,002$1,367$337
31 years$5,495$3,890$2,698$1,839$1,236$288
32 years$5,265$3,681$2,517$1,690$1,118$246
33 years$5,050$3,486$2,350$1,554$1,012$210
34 years$4,848$3,304$2,196$1,430$916$179
35 years$4,658$3,134$2,053$1,316$830$153
36 years$4,479$2,974$1,921$1,212$752$131
37 years$4,310$2,825$1,798$1,117$681$112
38 years$4,150$2,685$1,683$1,029$618$95
39 years$3,999$2,553$1,577$949$560$82
40 years$3,855$2,429$1,478$875$508$70
41 years$3,719$2,312$1,386$808$461$60
42 years$3,590$2,202$1,300$745$418$51
43 years$3,467$2,098$1,220$688$380$43
44 years$3,351$2,000$1,145$635$345$37
45 years$3,239$1,907$1,075$587$313$32
46 years$3,133$1,819$1,010$542$284$27
47 years$3,032$1,736$949$501$258$23
48 years$2,935$1,657$892$463$234$20
49 years$2,842$1,583$838$428$213$17
50 years$2,753$1,512$788$395$193$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,820,000, adding $3,051 every year, while hoping to spend $59,665 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: 77/15/8 Blend
73$2,820,000$2,820,000$2,820,000$2,820,000
74$3,110,787$2,961,327$2,917,617$3,346,542
75$3,364,604$3,042,949$2,951,874$3,583,493
76$3,642,311$3,126,571$2,985,279$3,835,235
77$3,946,281$3,212,227$3,017,740$4,109,511
78$4,279,129$3,299,953$3,049,162$4,408,535
79$4,643,732$3,389,783$3,079,441$4,734,748
80$5,043,261$3,481,750$3,108,470$5,090,836
81$5,481,207$3,575,889$3,136,137$5,479,758
82$5,961,414$3,672,232$3,162,322$5,904,771
83$6,488,118$3,770,812$3,186,899$6,369,464
84$7,065,983$3,871,658$3,209,738$6,877,789
85$7,700,147$3,974,803$3,230,697$7,434,099
86$8,396,268$4,080,275$3,249,632$8,043,189
87$9,160,582$4,188,102$3,266,389$8,710,341
88$9,999,953$4,298,311$3,280,805$9,441,371
89$10,921,948$4,410,928$3,292,712$10,242,691
90$11,934,900$4,525,977$3,301,930$11,121,359
91$13,047,988$4,643,478$3,308,273$12,085,154
92$14,271,327$4,763,452$3,311,544$13,142,645
93$15,616,058$4,885,917$3,311,537$14,303,273
94$17,094,457$5,010,888$3,308,035$15,577,438
95$18,720,048$5,138,378$3,300,810$16,976,599
96$20,507,731$5,268,397$3,289,625$18,513,383
97$22,473,921$5,400,951$3,274,230$20,201,698
98$24,636,708$5,536,043$3,254,363$22,056,874
99$27,016,017$5,673,675$3,229,749$24,095,795
100$29,633,806$5,813,840$3,200,101$26,337,071