Can I retire at age 74 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$247,737$245,530$243,378$241,276$239,224$232,592
2 years$122,642$120,358$118,144$115,998$113,916$107,284
3 years$80,949$78,655$76,447$74,321$72,273$65,849
4 years$60,107$57,820$55,634$53,544$51,546$45,378
5 years$47,605$45,332$43,174$41,127$39,184$33,291
6 years$39,273$37,017$34,891$32,890$31,005$25,391
7 years$33,324$31,087$28,995$27,040$25,216$19,881
8 years$28,864$26,647$24,590$22,684$20,919$15,860
9 years$25,397$23,201$21,179$19,321$17,617$12,830
10 years$22,625$20,450$18,465$16,655$15,010$10,489
11 years$20,359$18,206$16,256$14,495$12,909$8,647
12 years$18,471$16,341$14,427$12,714$11,187$7,175
13 years$16,875$14,767$12,889$11,225$9,755$5,985
14 years$15,509$13,423$11,581$9,964$8,551$5,013
15 years$14,326$12,262$10,456$8,886$7,529$4,214
16 years$13,291$11,250$9,480$7,957$6,654$3,553
17 years$12,379$10,361$8,626$7,149$5,900$3,003
18 years$11,570$9,574$7,875$6,443$5,246$2,543
19 years$10,846$8,873$7,209$5,821$4,676$2,157
20 years$10,196$8,245$6,616$5,272$4,177$1,832
21 years$9,608$7,680$6,086$4,785$3,738$1,558
22 years$9,075$7,169$5,609$4,351$3,350$1,326
23 years$8,589$6,705$5,179$3,962$3,007$1,130
24 years$8,143$6,282$4,789$3,614$2,703$964
25 years$7,734$5,896$4,436$3,300$2,432$822
26 years$7,358$5,541$4,114$3,018$2,191$702
27 years$7,009$5,215$3,820$2,762$1,975$599
28 years$6,686$4,914$3,551$2,531$1,782$512
29 years$6,386$4,636$3,305$2,321$1,610$437
30 years$6,107$4,378$3,078$2,130$1,454$374
31 years$5,846$4,139$2,870$1,956$1,315$320
32 years$5,601$3,916$2,678$1,798$1,189$273
33 years$5,373$3,708$2,500$1,653$1,076$234
34 years$5,158$3,515$2,336$1,521$975$200
35 years$4,955$3,334$2,184$1,400$883$171
36 years$4,765$3,164$2,043$1,290$800$146
37 years$4,585$3,005$1,912$1,188$725$125
38 years$4,415$2,856$1,791$1,095$657$107
39 years$4,254$2,716$1,678$1,010$596$92
40 years$4,101$2,584$1,573$931$541$79
41 years$3,957$2,460$1,475$859$490$67
42 years$3,819$2,342$1,383$793$445$58
43 years$3,689$2,232$1,298$732$404$49
44 years$3,564$2,127$1,218$676$367$42
45 years$3,446$2,029$1,144$624$333$36
46 years$3,333$1,935$1,074$577$302$31
47 years$3,225$1,847$1,009$533$274$26
48 years$3,122$1,763$949$492$249$23
49 years$3,023$1,684$892$455$226$19
50 years$2,929$1,608$838$421$206$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $3,000,000, adding $3,785 every year, while hoping to spend $53,315 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: 56/24/20 Blend
73$3,000,000$3,000,000$3,000,000$3,000,000
74$3,309,904$3,150,904$3,104,404$3,477,265
75$3,590,788$3,248,572$3,151,675$3,689,546
76$3,898,534$3,349,238$3,198,742$3,914,670
77$4,235,828$3,452,994$3,245,544$4,158,756
78$4,605,625$3,559,933$3,292,011$4,423,636
79$5,011,179$3,670,150$3,338,074$4,711,329
80$5,456,077$3,783,745$3,383,658$5,024,059
81$5,944,268$3,900,820$3,428,682$5,364,270
82$6,480,103$4,021,479$3,473,061$5,734,657
83$7,068,372$4,145,831$3,516,708$6,138,186
84$7,714,355$4,273,985$3,559,526$6,578,123
85$8,423,865$4,406,057$3,601,417$7,058,064
86$9,203,309$4,542,163$3,642,274$7,581,970
87$10,059,743$4,682,426$3,681,987$8,154,203
88$11,000,941$4,826,969$3,720,437$8,779,569
89$12,035,466$4,975,920$3,757,501$9,463,359
90$13,172,755$5,129,411$3,793,049$10,211,401
91$14,423,202$5,287,578$3,826,942$11,030,118
92$15,798,260$5,450,560$3,859,035$11,926,581
93$17,310,545$5,618,501$3,889,176$12,908,583
94$18,973,962$5,791,548$3,917,204$13,984,706
95$20,803,825$5,969,853$3,942,950$15,164,407
96$22,817,012$6,153,573$3,966,235$16,458,102
97$25,032,117$6,342,867$3,986,874$17,877,269
98$27,469,627$6,537,902$4,004,668$19,434,553
99$30,152,116$6,738,847$4,019,412$21,143,884
100$33,104,458$6,945,876$4,030,889$23,020,611