Can I retire at age 74 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$240,305$238,165$236,076$234,038$232,047$228,016
2 years$118,963$116,747$114,600$112,518$110,499$106,450
3 years$78,521$76,296$74,154$72,091$70,105$66,165
4 years$58,304$56,085$53,965$51,938$49,999$46,199
5 years$46,177$43,972$41,879$39,893$38,009$34,359
6 years$38,095$35,906$33,845$31,903$30,075$26,579
7 years$32,324$30,154$28,125$26,229$24,459$21,119
8 years$27,998$25,847$23,852$22,003$20,291$17,105
9 years$24,635$22,505$20,544$18,742$17,088$14,055
10 years$21,946$19,837$17,911$16,156$14,560$11,677
11 years$19,748$17,660$15,768$14,060$12,522$9,786
12 years$17,917$15,850$13,994$12,333$10,851$8,259
13 years$16,369$14,324$12,503$10,888$9,463$7,010
14 years$15,044$13,020$11,234$9,665$8,295$5,977
15 years$13,896$11,894$10,142$8,620$7,303$5,117
16 years$12,892$10,913$9,196$7,718$6,455$4,394
17 years$12,008$10,050$8,368$6,934$5,723$3,784
18 years$11,223$9,287$7,639$6,249$5,089$3,266
19 years$10,521$8,607$6,993$5,647$4,536$2,824
20 years$9,890$7,998$6,418$5,114$4,051$2,447
21 years$9,320$7,450$5,903$4,641$3,626$2,122
22 years$8,803$6,954$5,441$4,220$3,250$1,844
23 years$8,331$6,504$5,023$3,843$2,917$1,603
24 years$7,899$6,094$4,646$3,505$2,622$1,395
25 years$7,502$5,719$4,303$3,201$2,359$1,215
26 years$7,137$5,375$3,991$2,927$2,125$1,059
27 years$6,799$5,058$3,706$2,679$1,916$924
28 years$6,486$4,766$3,445$2,455$1,729$806
29 years$6,195$4,497$3,206$2,251$1,561$704
30 years$5,924$4,246$2,986$2,066$1,411$614
31 years$5,670$4,014$2,784$1,897$1,275$537
32 years$5,433$3,798$2,597$1,744$1,154$469
33 years$5,211$3,597$2,425$1,604$1,044$410
34 years$5,003$3,409$2,266$1,475$945$358
35 years$4,807$3,234$2,119$1,358$856$313
36 years$4,622$3,069$1,982$1,251$776$274
37 years$4,447$2,915$1,855$1,152$703$240
38 years$4,282$2,770$1,737$1,062$637$210
39 years$4,126$2,634$1,627$979$578$184
40 years$3,978$2,506$1,525$903$524$161
41 years$3,838$2,386$1,430$834$476$141
42 years$3,705$2,272$1,342$769$432$123
43 years$3,578$2,165$1,259$710$392$108
44 years$3,457$2,064$1,182$656$356$94
45 years$3,343$1,968$1,110$606$323$82
46 years$3,233$1,877$1,042$559$293$72
47 years$3,128$1,791$979$517$266$63
48 years$3,028$1,710$920$477$242$55
49 years$2,933$1,633$865$441$219$48
50 years$2,841$1,560$813$408$199$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,910,000, adding $5,467 every year, while hoping to spend $33,540 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: 41/46/13 Blend
73$2,910,000$2,910,000$2,910,000$2,910,000
74$3,212,459$3,058,229$3,013,124$3,331,612
75$3,504,444$3,172,396$3,078,378$3,530,233
76$3,825,087$3,291,033$3,144,693$3,741,340
77$4,177,275$3,414,324$3,212,070$3,969,091
78$4,564,192$3,542,460$3,280,508$4,215,016
79$4,989,339$3,675,640$3,350,006$4,480,793
80$5,456,580$3,814,075$3,420,559$4,768,268
81$5,970,166$3,957,979$3,492,162$5,079,467
82$6,534,784$4,107,581$3,564,811$5,416,615
83$7,155,596$4,263,117$3,638,496$5,782,159
84$7,838,290$4,424,833$3,713,209$6,178,785
85$8,589,134$4,592,988$3,788,939$6,609,449
86$9,415,030$4,767,849$3,865,674$7,077,398
87$10,323,586$4,949,697$3,943,397$7,586,203
88$11,323,185$5,138,825$4,022,094$8,139,788
89$12,423,060$5,335,537$4,101,744$8,742,472
90$13,633,387$5,540,154$4,182,327$9,399,004
91$14,965,377$5,753,006$4,263,820$10,114,606
92$16,431,384$5,974,442$4,346,197$10,895,023
93$18,045,020$6,204,824$4,429,428$11,746,578
94$19,821,281$6,444,529$4,513,484$12,676,224
95$21,776,695$6,693,954$4,598,329$13,691,615
96$23,929,471$6,953,511$4,683,925$14,801,173
97$26,299,673$7,223,630$4,770,234$16,014,165
98$28,909,413$7,504,760$4,857,209$17,340,793
99$31,783,052$7,797,372$4,944,805$18,792,284
100$34,947,435$8,101,956$5,032,968$20,380,997