Can I retire at age 74 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$237,002$234,891$232,831$230,821$228,858$226,280
2 years$117,328$115,143$113,025$110,972$108,980$106,384
3 years$77,441$75,247$73,135$71,101$69,141$66,609
4 years$57,502$55,314$53,223$51,224$49,312$46,863
5 years$45,542$43,367$41,303$39,345$37,486$35,127
6 years$37,571$35,413$33,379$31,464$29,662$27,395
7 years$31,880$29,739$27,738$25,869$24,123$21,950
8 years$27,613$25,492$23,524$21,701$20,012$17,933
9 years$24,296$22,196$20,261$18,484$16,853$14,867
10 years$21,645$19,564$17,664$15,933$14,360$12,465
11 years$19,476$17,417$15,551$13,867$12,350$10,545
12 years$17,671$15,632$13,802$12,163$10,702$8,985
13 years$16,144$14,127$12,331$10,738$9,332$7,701
14 years$14,837$12,841$11,079$9,532$8,181$6,633
15 years$13,705$11,731$10,003$8,501$7,203$5,736
16 years$12,715$10,763$9,069$7,612$6,366$4,978
17 years$11,843$9,912$8,253$6,839$5,645$4,332
18 years$11,068$9,159$7,534$6,163$5,019$3,780
19 years$10,376$8,489$6,897$5,569$4,473$3,305
20 years$9,754$7,888$6,329$5,044$3,996$2,895
21 years$9,192$7,347$5,822$4,578$3,576$2,540
22 years$8,682$6,859$5,366$4,162$3,205$2,232
23 years$8,216$6,415$4,954$3,791$2,877$1,963
24 years$7,791$6,010$4,582$3,457$2,586$1,728
25 years$7,399$5,640$4,244$3,157$2,327$1,523
26 years$7,039$5,301$3,936$2,887$2,096$1,344
27 years$6,706$4,989$3,655$2,642$1,890$1,186
28 years$6,397$4,701$3,398$2,421$1,705$1,047
29 years$6,110$4,435$3,162$2,220$1,540$926
30 years$5,842$4,188$2,945$2,038$1,391$818
31 years$5,592$3,959$2,746$1,871$1,258$724
32 years$5,359$3,746$2,562$1,720$1,138$640
33 years$5,140$3,548$2,392$1,581$1,030$567
34 years$4,934$3,362$2,235$1,455$932$502
35 years$4,741$3,189$2,089$1,340$844$444
36 years$4,558$3,027$1,955$1,234$765$394
37 years$4,386$2,875$1,829$1,137$693$349
38 years$4,224$2,732$1,713$1,048$629$309
39 years$4,070$2,598$1,605$966$570$274
40 years$3,924$2,472$1,504$891$517$243
41 years$3,785$2,353$1,411$822$469$215
42 years$3,654$2,241$1,323$759$426$191
43 years$3,529$2,135$1,242$700$386$169
44 years$3,410$2,035$1,166$647$351$150
45 years$3,297$1,941$1,094$597$318$133
46 years$3,188$1,851$1,028$552$289$118
47 years$3,085$1,767$966$510$262$105
48 years$2,987$1,687$907$471$238$93
49 years$2,892$1,611$853$435$216$82
50 years$2,802$1,539$802$402$197$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,870,000, adding $2,762 every year, while hoping to spend $43,052 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: 36/40/24 Blend
73$2,870,000$2,870,000$2,870,000$2,870,000
74$3,165,589$3,013,479$2,968,994$3,256,554
75$3,442,672$3,115,332$3,022,648$3,425,656
76$3,746,575$3,220,734$3,076,657$3,603,936
77$4,079,987$3,329,812$3,130,987$3,795,548
78$4,445,872$3,442,699$3,185,601$4,001,715
79$4,847,494$3,559,534$3,240,462$4,223,780
80$5,288,448$3,680,460$3,295,527$4,463,219
81$5,772,694$3,805,627$3,350,751$4,721,656
82$6,304,595$3,935,189$3,406,088$5,000,873
83$6,888,957$4,069,307$3,461,485$5,302,834
84$7,531,075$4,208,148$3,516,889$5,629,693
85$8,236,782$4,351,884$3,572,242$5,983,825
86$9,012,503$4,500,695$3,627,481$6,367,839
87$9,865,317$4,654,769$3,682,541$6,784,605
88$10,803,026$4,814,299$3,737,353$7,237,281
89$11,834,221$4,979,486$3,791,841$7,729,344
90$12,968,371$5,150,540$3,845,927$8,264,617
91$14,215,907$5,327,678$3,899,527$8,847,309
92$15,588,321$5,511,126$3,952,553$9,482,053
93$17,098,276$5,701,118$4,004,910$10,173,947
94$18,759,726$5,897,898$4,056,500$10,928,605
95$20,588,042$6,101,719$4,107,217$11,752,205
96$22,600,163$6,312,845$4,156,950$12,651,551
97$24,814,754$6,531,548$4,205,581$13,634,131
98$27,252,377$6,758,112$4,252,987$14,708,194
99$29,935,694$6,992,834$4,299,036$15,882,820
100$32,889,671$7,236,020$4,343,590$17,168,010