Can I retire at age 74 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$233,699$231,617$229,586$227,604$225,668$222,388
2 years$115,692$113,538$111,450$109,425$107,461$104,163
3 years$76,362$74,198$72,115$70,110$68,178$64,964
4 years$56,701$54,544$52,481$50,510$48,625$45,521
5 years$44,907$42,763$40,728$38,797$36,964$33,979
6 years$37,047$34,919$32,914$31,026$29,248$26,385
7 years$31,435$29,325$27,352$25,508$23,787$21,047
8 years$27,228$25,137$23,196$21,398$19,733$17,116
9 years$23,958$21,886$19,979$18,226$16,618$14,123
10 years$21,343$19,292$17,418$15,711$14,160$11,784
11 years$19,205$17,174$15,335$13,674$12,178$9,919
12 years$17,424$15,415$13,609$11,994$10,553$8,409
13 years$15,919$13,930$12,159$10,589$9,202$7,170
14 years$14,630$12,662$10,925$9,399$8,067$6,142
15 years$13,514$11,567$9,864$8,383$7,103$5,283
16 years$12,538$10,613$8,943$7,506$6,277$4,559
17 years$11,678$9,774$8,138$6,744$5,566$3,946
18 years$10,914$9,032$7,429$6,077$4,949$3,423
19 years$10,232$8,370$6,801$5,492$4,411$2,976
20 years$9,618$7,778$6,241$4,974$3,940$2,591
21 years$9,064$7,245$5,741$4,514$3,526$2,260
22 years$8,561$6,763$5,291$4,104$3,160$1,973
23 years$8,102$6,325$4,885$3,738$2,837$1,725
24 years$7,682$5,926$4,518$3,409$2,550$1,510
25 years$7,296$5,562$4,185$3,113$2,295$1,322
26 years$6,941$5,227$3,881$2,847$2,067$1,159
27 years$6,612$4,919$3,604$2,606$1,863$1,016
28 years$6,307$4,635$3,350$2,387$1,681$892
29 years$6,024$4,373$3,118$2,189$1,518$783
30 years$5,761$4,130$2,904$2,009$1,372$688
31 years$5,514$3,904$2,707$1,845$1,240$604
32 years$5,284$3,694$2,526$1,696$1,122$531
33 years$5,068$3,498$2,359$1,559$1,015$467
34 years$4,865$3,316$2,204$1,435$919$411
35 years$4,674$3,145$2,060$1,321$833$361
36 years$4,495$2,985$1,927$1,216$754$318
37 years$4,325$2,835$1,804$1,121$684$280
38 years$4,165$2,694$1,689$1,033$620$246
39 years$4,013$2,562$1,583$953$562$217
40 years$3,869$2,437$1,483$879$510$191
41 years$3,733$2,320$1,391$811$463$168
42 years$3,603$2,210$1,305$748$420$148
43 years$3,480$2,105$1,224$691$381$130
44 years$3,362$2,007$1,149$638$346$115
45 years$3,251$1,914$1,079$589$314$101
46 years$3,144$1,826$1,014$544$285$89
47 years$3,042$1,742$952$503$259$78
48 years$2,945$1,663$895$464$235$69
49 years$2,852$1,588$841$429$213$61
50 years$2,763$1,517$791$397$194$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,830,000, adding $4,252 every year, while hoping to spend $30,025 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: 73/11/16 Blend
73$2,830,000$2,830,000$2,830,000$2,830,000
74$3,123,046$2,973,056$2,929,191$3,339,424
75$3,409,650$3,086,789$2,995,372$3,597,149
76$3,724,482$3,205,089$3,062,765$3,875,299
77$4,070,388$3,328,148$3,131,377$4,179,200
78$4,450,507$3,456,166$3,201,216$4,511,402
79$4,868,292$3,589,352$3,272,291$4,874,710
80$5,327,553$3,727,925$3,344,608$5,272,212
81$5,832,483$3,872,114$3,418,172$5,707,311
82$6,387,705$4,022,155$3,492,989$6,183,752
83$6,998,308$4,178,298$3,569,061$6,705,661
84$7,669,903$4,340,802$3,646,393$7,277,581
85$8,408,670$4,509,939$3,724,984$7,904,516
86$9,221,420$4,685,991$3,804,836$8,591,977
87$10,115,654$4,869,254$3,885,948$9,346,033
88$11,099,641$5,060,037$3,968,317$10,173,370
89$12,182,488$5,258,663$4,051,939$11,081,352
90$13,374,232$5,465,468$4,136,809$12,078,092
91$14,685,931$5,680,803$4,222,920$13,172,526
92$16,129,771$5,905,038$4,310,263$14,374,495
93$17,719,178$6,138,555$4,398,827$15,694,845
94$19,468,946$6,381,755$4,488,599$17,145,521
95$21,395,375$6,635,058$4,579,564$18,739,682
96$23,516,430$6,898,902$4,671,706$20,491,826
97$25,851,902$7,173,745$4,765,004$22,417,926
98$28,423,601$7,460,063$4,859,437$24,535,578
99$31,255,559$7,758,358$4,954,979$26,864,170
100$34,374,259$8,069,150$5,051,604$29,425,060