Can I retire at age 74 with 2,850,000?

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 $2,850,000?

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$235,350$233,254$231,209$229,212$227,263$223,959
2 years$116,510$114,340$112,237$110,198$108,220$104,899
3 years$76,902$74,723$72,625$70,605$68,660$65,423
4 years$57,102$54,929$52,852$50,867$48,969$45,843
5 years$45,225$43,065$41,016$39,071$37,225$34,219
6 years$37,309$35,166$33,147$31,245$29,455$26,572
7 years$31,657$29,532$27,545$25,688$23,955$21,196
8 years$27,421$25,315$23,360$21,549$19,873$17,237
9 years$24,127$22,041$20,120$18,355$16,736$14,223
10 years$21,494$19,428$17,541$15,822$14,260$11,867
11 years$19,341$17,296$15,443$13,770$12,264$9,989
12 years$17,548$15,524$13,705$12,078$10,628$8,468
13 years$16,032$14,029$12,245$10,663$9,267$7,220
14 years$14,733$12,752$11,002$9,466$8,124$6,186
15 years$13,609$11,649$9,933$8,442$7,153$5,321
16 years$12,627$10,688$9,006$7,559$6,322$4,592
17 years$11,760$9,843$8,195$6,791$5,605$3,974
18 years$10,991$9,095$7,481$6,120$4,984$3,447
19 years$10,304$8,429$6,849$5,530$4,442$2,997
20 years$9,686$7,833$6,285$5,009$3,968$2,609
21 years$9,128$7,296$5,781$4,546$3,551$2,276
22 years$8,621$6,811$5,328$4,133$3,183$1,987
23 years$8,159$6,370$4,920$3,764$2,857$1,737
24 years$7,736$5,968$4,550$3,433$2,568$1,520
25 years$7,348$5,601$4,214$3,135$2,311$1,331
26 years$6,990$5,264$3,908$2,867$2,082$1,167
27 years$6,659$4,954$3,629$2,624$1,877$1,023
28 years$6,352$4,668$3,374$2,404$1,693$898
29 years$6,067$4,404$3,140$2,205$1,529$789
30 years$5,801$4,159$2,925$2,023$1,382$693
31 years$5,553$3,932$2,726$1,858$1,249$609
32 years$5,321$3,720$2,544$1,708$1,130$535
33 years$5,104$3,523$2,375$1,570$1,023$470
34 years$4,900$3,339$2,219$1,445$926$414
35 years$4,708$3,167$2,075$1,330$839$364
36 years$4,526$3,006$1,941$1,225$760$320
37 years$4,356$2,855$1,817$1,129$689$282
38 years$4,194$2,713$1,701$1,040$624$248
39 years$4,041$2,580$1,594$959$566$218
40 years$3,896$2,455$1,494$885$513$192
41 years$3,759$2,337$1,401$816$466$169
42 years$3,628$2,225$1,314$753$423$149
43 years$3,504$2,120$1,233$695$384$131
44 years$3,386$2,021$1,157$642$348$115
45 years$3,274$1,927$1,087$593$316$102
46 years$3,166$1,839$1,021$548$287$90
47 years$3,064$1,755$959$506$261$79
48 years$2,966$1,675$901$468$237$69
49 years$2,872$1,599$847$432$215$61
50 years$2,783$1,528$796$399$195$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,850,000, adding $5,458 every year, while hoping to spend $47,953 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: 55/20/25 Blend
73$2,850,000$2,850,000$2,850,000$2,850,000
74$3,146,330$2,995,280$2,951,105$3,297,474
75$3,416,234$3,091,027$2,998,945$3,497,719
76$3,712,061$3,189,859$3,046,781$3,710,234
77$4,036,405$3,291,875$3,094,562$3,940,690
78$4,392,121$3,397,180$3,142,233$4,190,827
79$4,782,357$3,505,882$3,189,737$4,462,559
80$5,210,578$3,618,090$3,237,013$4,757,995
81$5,680,600$3,733,919$3,283,997$5,079,455
82$6,196,628$3,853,489$3,330,618$5,429,495
83$6,763,295$3,976,920$3,376,804$5,810,929
84$7,385,702$4,104,340$3,422,478$6,226,857
85$8,069,469$4,235,879$3,467,557$6,680,690
86$8,820,790$4,371,671$3,511,954$7,176,189
87$9,646,484$4,511,857$3,555,579$7,717,492
88$10,554,067$4,656,580$3,598,333$8,309,161
89$11,551,819$4,805,989$3,640,114$8,956,219
90$12,648,860$4,960,239$3,680,813$9,664,197
91$13,855,241$5,119,487$3,720,317$10,439,191
92$15,182,032$5,283,898$3,758,504$11,287,915
93$16,641,433$5,453,643$3,795,248$12,217,767
94$18,246,884$5,628,897$3,830,414$13,236,894
95$20,013,194$5,809,840$3,863,860$14,354,273
96$21,956,679$5,996,662$3,895,439$15,579,796
97$24,095,317$6,189,555$3,924,993$16,924,358
98$26,448,917$6,388,720$3,952,357$18,399,966
99$29,039,303$6,594,365$3,977,358$20,019,847
100$31,890,526$6,806,703$3,999,814$21,798,575