Can I retire at age 74 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$236,176$234,072$232,020$230,017$228,060$226,718
2 years$116,919$114,741$112,631$110,585$108,600$107,246
3 years$77,172$74,985$72,880$70,853$68,900$67,576
4 years$57,302$55,122$53,038$51,045$49,140$47,856
5 years$45,383$43,216$41,159$39,208$37,356$36,116
6 years$37,440$35,289$33,263$31,355$29,558$28,364
7 years$31,769$29,636$27,642$25,779$24,039$22,891
8 years$27,517$25,403$23,442$21,625$19,943$18,841
9 years$24,212$22,118$20,191$18,420$16,794$15,739
10 years$21,569$19,496$17,603$15,878$14,310$13,299
11 years$19,408$17,356$15,497$13,819$12,307$11,341
12 years$17,609$15,578$13,753$12,121$10,665$9,743
13 years$16,088$14,078$12,288$10,701$9,300$8,421
14 years$14,785$12,796$11,041$9,499$8,152$7,315
15 years$13,657$11,690$9,968$8,471$7,178$6,382
16 years$12,671$10,725$9,038$7,585$6,344$5,588
17 years$11,802$9,878$8,224$6,815$5,625$4,907
18 years$11,030$9,127$7,507$6,142$5,001$4,321
19 years$10,340$8,459$6,873$5,550$4,458$3,814
20 years$9,720$7,861$6,307$5,026$3,982$3,373
21 years$9,160$7,322$5,802$4,562$3,563$2,987
22 years$8,651$6,835$5,347$4,148$3,194$2,650
23 years$8,188$6,392$4,937$3,777$2,867$2,354
24 years$7,763$5,989$4,566$3,445$2,577$2,094
25 years$7,374$5,621$4,229$3,146$2,319$1,864
26 years$7,014$5,282$3,922$2,877$2,089$1,661
27 years$6,682$4,971$3,642$2,633$1,883$1,481
28 years$6,374$4,684$3,386$2,413$1,699$1,322
29 years$6,088$4,419$3,151$2,212$1,534$1,181
30 years$5,822$4,174$2,935$2,030$1,386$1,055
31 years$5,573$3,945$2,736$1,865$1,253$943
32 years$5,340$3,733$2,553$1,714$1,134$843
33 years$5,122$3,535$2,384$1,576$1,026$755
34 years$4,917$3,351$2,227$1,450$929$675
35 years$4,724$3,178$2,082$1,335$841$605
36 years$4,542$3,016$1,948$1,229$762$541
37 years$4,371$2,865$1,823$1,133$691$485
38 years$4,209$2,723$1,707$1,044$626$435
39 years$4,055$2,589$1,599$963$568$389
40 years$3,910$2,463$1,499$888$515$349
41 years$3,772$2,345$1,406$819$467$313
42 years$3,641$2,233$1,319$756$424$280
43 years$3,517$2,128$1,237$698$385$251
44 years$3,398$2,028$1,162$644$349$226
45 years$3,285$1,934$1,091$595$317$202
46 years$3,177$1,845$1,024$550$288$181
47 years$3,075$1,761$962$508$262$163
48 years$2,976$1,681$904$469$238$146
49 years$2,882$1,605$850$434$216$131
50 years$2,792$1,533$799$401$196$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,860,000, adding $3,599 every year, while hoping to spend $50,890 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: 54/27/19 Blend
73$2,860,000$2,860,000$2,860,000$2,860,000
74$3,155,432$3,003,852$2,959,522$3,309,385
75$3,423,140$3,096,895$3,004,520$3,508,201
76$3,716,448$3,192,790$3,049,319$3,718,828
77$4,037,914$3,291,625$3,093,860$3,946,997
78$4,390,355$3,393,489$3,138,078$4,194,397
79$4,776,873$3,498,472$3,181,905$4,462,886
80$5,200,885$3,606,667$3,225,270$4,754,511
81$5,666,155$3,718,173$3,268,096$5,071,523
82$6,176,827$3,833,089$3,310,301$5,416,403
83$6,737,469$3,951,515$3,351,802$5,791,879
84$7,353,110$4,073,559$3,392,507$6,200,958
85$8,029,292$4,199,329$3,432,321$6,646,949
86$8,772,119$4,328,935$3,471,143$7,133,495
87$9,588,315$4,462,492$3,508,866$7,664,611
88$10,485,289$4,600,120$3,545,378$8,244,717
89$11,471,201$4,741,939$3,580,561$8,878,680
90$12,555,043$4,888,073$3,614,290$9,571,863
91$13,746,722$5,038,653$3,646,432$10,330,170
92$15,057,149$5,193,809$3,676,850$11,160,106
93$16,498,351$5,353,678$3,705,397$12,068,838
94$18,083,575$5,518,400$3,731,920$13,064,257
95$19,827,417$5,688,119$3,756,256$14,155,061
96$21,745,959$5,862,982$3,778,236$15,350,826
97$23,856,921$6,043,143$3,797,681$16,662,107
98$26,179,826$6,228,756$3,814,403$18,100,529
99$28,736,188$6,419,984$3,828,205$19,678,900
100$31,549,707$6,616,992$3,838,878$21,411,332