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%12.9%
1 years$236,176$234,072$232,020$230,017$228,060$225,304
2 years$116,919$114,741$112,631$110,585$108,600$105,826
3 years$77,172$74,985$72,880$70,853$68,900$66,195
4 years$57,302$55,122$53,038$51,045$49,140$46,524
5 years$45,383$43,216$41,159$39,208$37,356$34,837
6 years$37,440$35,289$33,263$31,355$29,558$27,139
7 years$31,769$29,636$27,642$25,779$24,039$21,721
8 years$27,517$25,403$23,442$21,625$19,943$17,726
9 years$24,212$22,118$20,191$18,420$16,794$14,677
10 years$21,569$19,496$17,603$15,878$14,310$12,291
11 years$19,408$17,356$15,497$13,819$12,307$10,385
12 years$17,609$15,578$13,753$12,121$10,665$8,838
13 years$16,088$14,078$12,288$10,701$9,300$7,565
14 years$14,785$12,796$11,041$9,499$8,152$6,507
15 years$13,657$11,690$9,968$8,471$7,178$5,620
16 years$12,671$10,725$9,038$7,585$6,344$4,870
17 years$11,802$9,878$8,224$6,815$5,625$4,233
18 years$11,030$9,127$7,507$6,142$5,001$3,688
19 years$10,340$8,459$6,873$5,550$4,458$3,220
20 years$9,720$7,861$6,307$5,026$3,982$2,816
21 years$9,160$7,322$5,802$4,562$3,563$2,467
22 years$8,651$6,835$5,347$4,148$3,194$2,164
23 years$8,188$6,392$4,937$3,777$2,867$1,901
24 years$7,763$5,989$4,566$3,445$2,577$1,671
25 years$7,374$5,621$4,229$3,146$2,319$1,470
26 years$7,014$5,282$3,922$2,877$2,089$1,295
27 years$6,682$4,971$3,642$2,633$1,883$1,141
28 years$6,374$4,684$3,386$2,413$1,699$1,006
29 years$6,088$4,419$3,151$2,212$1,534$888
30 years$5,822$4,174$2,935$2,030$1,386$784
31 years$5,573$3,945$2,736$1,865$1,253$692
32 years$5,340$3,733$2,553$1,714$1,134$611
33 years$5,122$3,535$2,384$1,576$1,026$540
34 years$4,917$3,351$2,227$1,450$929$477
35 years$4,724$3,178$2,082$1,335$841$422
36 years$4,542$3,016$1,948$1,229$762$373
37 years$4,371$2,865$1,823$1,133$691$330
38 years$4,209$2,723$1,707$1,044$626$292
39 years$4,055$2,589$1,599$963$568$258
40 years$3,910$2,463$1,499$888$515$229
41 years$3,772$2,345$1,406$819$467$202
42 years$3,641$2,233$1,319$756$424$179
43 years$3,517$2,128$1,237$698$385$158
44 years$3,398$2,028$1,162$644$349$140
45 years$3,285$1,934$1,091$595$317$124
46 years$3,177$1,845$1,024$550$288$110
47 years$3,075$1,761$962$508$262$97
48 years$2,976$1,681$904$469$238$86
49 years$2,882$1,605$850$434$216$76
50 years$2,792$1,533$799$401$196$68

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 $4,320 every year, while hoping to spend $53,492 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: 53/40/7 Blend
73$2,860,000$2,860,000$2,860,000$2,860,000
74$3,156,176$3,004,596$2,960,266$3,317,946
75$3,421,191$3,094,906$3,002,520$3,518,347
76$3,711,445$3,187,849$3,044,396$3,730,037
77$4,029,455$3,283,496$3,085,827$3,959,045
78$4,377,994$3,381,923$3,126,737$4,207,018
79$4,760,117$3,483,204$3,167,050$4,475,764
80$5,179,187$3,587,420$3,206,684$4,767,276
81$5,638,909$3,694,647$3,245,553$5,083,745
82$6,143,363$3,804,970$3,283,564$5,427,582
83$6,697,043$3,918,471$3,320,621$5,801,440
84$7,304,901$4,035,236$3,356,621$6,208,239
85$7,972,391$4,155,352$3,391,458$6,651,194
86$8,705,519$4,278,909$3,425,016$7,133,843
87$9,510,905$4,405,999$3,457,178$7,660,082
88$10,395,840$4,536,715$3,487,815$8,234,200
89$11,368,354$4,671,153$3,516,796$8,860,917
90$12,437,298$4,809,411$3,543,980$9,545,434
91$13,612,419$4,951,588$3,569,219$10,293,476
92$14,904,457$5,097,788$3,592,360$11,111,347
93$16,325,246$5,248,114$3,613,238$12,005,991
94$17,887,822$5,402,673$3,631,683$12,985,055
95$19,606,549$5,561,573$3,647,514$14,056,960
96$21,497,253$5,724,925$3,660,541$15,230,983
97$23,577,370$5,892,844$3,670,566$16,517,341
98$25,866,111$6,065,443$3,677,380$17,927,289
99$28,384,646$6,242,841$3,680,763$19,473,223
100$31,156,297$6,425,157$3,680,486$21,168,800