Can I retire at age 74 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$239,479$237,346$235,265$233,234$231,250$222,956
2 years$118,554$116,346$114,206$112,132$110,119$101,853
3 years$78,251$76,033$73,899$71,844$69,864$61,886
4 years$58,103$55,893$53,780$51,759$49,828$42,198
5 years$46,018$43,821$41,735$39,756$37,878$30,616
6 years$37,964$35,783$33,728$31,793$29,972$23,084
7 years$32,213$30,050$28,028$26,139$24,375$17,859
8 years$27,902$25,759$23,770$21,927$20,221$14,072
9 years$24,550$22,428$20,473$18,677$17,029$11,239
10 years$21,871$19,769$17,849$16,100$14,510$9,068
11 years$19,680$17,599$15,714$14,012$12,479$7,374
12 years$17,855$15,796$13,946$12,290$10,814$6,034
13 years$16,313$14,275$12,460$10,850$9,430$4,962
14 years$14,992$12,975$11,195$9,632$8,266$4,097
15 years$13,848$11,853$10,108$8,590$7,278$3,393
16 years$12,848$10,875$9,164$7,691$6,433$2,818
17 years$11,967$10,016$8,339$6,911$5,704$2,345
18 years$11,184$9,255$7,612$6,228$5,071$1,955
19 years$10,485$8,577$6,969$5,627$4,520$1,632
20 years$9,856$7,970$6,396$5,097$4,038$1,364
21 years$9,288$7,424$5,883$4,626$3,613$1,141
22 years$8,772$6,930$5,422$4,206$3,239$956
23 years$8,302$6,482$5,006$3,830$2,907$801
24 years$7,872$6,073$4,630$3,493$2,613$672
25 years$7,477$5,699$4,288$3,190$2,351$564
26 years$7,112$5,356$3,977$2,917$2,118$473
27 years$6,776$5,041$3,693$2,670$1,910$397
28 years$6,463$4,750$3,433$2,446$1,723$333
29 years$6,173$4,481$3,195$2,243$1,556$280
30 years$5,903$4,232$2,976$2,059$1,406$235
31 years$5,651$4,001$2,774$1,891$1,271$198
32 years$5,415$3,785$2,588$1,738$1,150$166
33 years$5,193$3,585$2,417$1,598$1,040$140
34 years$4,986$3,398$2,258$1,470$942$117
35 years$4,790$3,223$2,111$1,354$853$99
36 years$4,606$3,059$1,975$1,247$773$83
37 years$4,432$2,905$1,849$1,149$701$70
38 years$4,268$2,761$1,731$1,059$635$59
39 years$4,112$2,625$1,622$976$576$49
40 years$3,965$2,498$1,520$900$522$41
41 years$3,825$2,378$1,425$831$474$35
42 years$3,692$2,264$1,337$767$430$29
43 years$3,566$2,157$1,255$708$390$25
44 years$3,446$2,056$1,178$653$354$21
45 years$3,331$1,961$1,106$603$322$17
46 years$3,222$1,871$1,039$557$292$15
47 years$3,118$1,785$976$515$265$12
48 years$3,018$1,704$917$476$241$10
49 years$2,923$1,628$862$440$219$9
50 years$2,831$1,555$810$406$199$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,900,000, adding $5,727 every year, while hoping to spend $55,642 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: 78/13/9 Blend
73$2,900,000$2,900,000$2,900,000$2,900,000
74$3,201,707$3,048,007$3,003,057$3,446,520
75$3,469,079$3,138,157$3,044,457$3,698,278
76$3,761,857$3,230,859$3,085,379$3,966,553
77$4,082,576$3,326,180$3,125,748$4,259,154
78$4,434,023$3,424,188$3,165,485$4,578,482
79$4,819,271$3,524,951$3,204,507$4,927,179
80$5,241,704$3,628,540$3,242,724$5,308,154
81$5,705,046$3,735,027$3,280,045$5,724,611
82$6,213,404$3,844,486$3,316,369$6,180,081
83$6,771,297$3,956,992$3,351,593$6,678,448
84$7,383,704$4,072,620$3,385,607$7,223,994
85$8,056,113$4,191,449$3,418,295$7,821,433
86$8,794,563$4,313,557$3,449,535$8,475,960
87$9,605,713$4,439,026$3,479,199$9,193,294
88$10,496,894$4,567,936$3,507,150$9,979,738
89$11,476,185$4,700,373$3,533,247$10,842,233
90$12,552,484$4,836,420$3,557,340$11,788,427
91$13,735,597$4,976,163$3,579,270$12,826,744
92$15,036,324$5,119,691$3,598,871$13,966,465
93$16,466,565$5,267,093$3,615,970$15,217,816
94$18,039,432$5,418,458$3,630,382$16,592,062
95$19,769,370$5,573,878$3,641,916$18,101,614
96$21,672,294$5,733,445$3,650,368$19,760,146
97$23,765,739$5,897,255$3,655,526$21,582,724
98$26,069,026$6,065,402$3,657,168$23,585,948
99$28,603,442$6,237,983$3,655,059$25,788,108
100$31,392,443$6,415,094$3,648,953$28,209,356