Can I retire at age 74 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$255,995$253,715$251,490$249,319$247,198$238,617
2 years$126,730$124,370$122,083$119,865$117,714$109,157
3 years$83,648$81,277$78,996$76,799$74,682$66,419
4 years$62,110$59,747$57,489$55,329$53,264$45,357
5 years$49,192$46,843$44,613$42,498$40,490$32,961
6 years$40,582$38,251$36,054$33,986$32,039$24,893
7 years$34,434$32,123$29,961$27,942$26,056$19,292
8 years$29,826$27,535$25,410$23,440$21,616$15,228
9 years$26,243$23,974$21,885$19,965$18,204$12,184
10 years$23,379$21,132$19,080$17,210$15,511$9,849
11 years$21,037$18,813$16,798$14,978$13,340$8,025
12 years$19,087$16,885$14,908$13,138$11,560$6,580
13 years$17,438$15,259$13,319$11,599$10,080$5,422
14 years$16,026$13,870$11,967$10,296$8,836$4,486
15 years$14,803$12,671$10,805$9,182$7,780$3,723
16 years$13,734$11,625$9,796$8,222$6,876$3,099
17 years$12,792$10,706$8,914$7,387$6,097$2,584
18 years$11,956$9,893$8,137$6,657$5,421$2,159
19 years$11,208$9,169$7,449$6,015$4,832$1,807
20 years$10,536$8,520$6,837$5,448$4,316$1,514
21 years$9,929$7,936$6,288$4,945$3,862$1,270
22 years$9,377$7,408$5,796$4,496$3,462$1,066
23 years$8,875$6,929$5,351$4,094$3,108$895
24 years$8,415$6,492$4,949$3,734$2,793$752
25 years$7,992$6,092$4,584$3,410$2,514$633
26 years$7,603$5,726$4,251$3,118$2,264$532
27 years$7,243$5,389$3,948$2,854$2,041$448
28 years$6,909$5,078$3,670$2,615$1,842$377
29 years$6,599$4,790$3,415$2,398$1,663$318
30 years$6,310$4,524$3,181$2,201$1,503$267
31 years$6,041$4,276$2,966$2,021$1,359$225
32 years$5,788$4,046$2,767$1,858$1,229$190
33 years$5,552$3,832$2,584$1,708$1,112$160
34 years$5,329$3,632$2,414$1,572$1,007$135
35 years$5,120$3,445$2,257$1,447$912$114
36 years$4,924$3,270$2,111$1,333$826$96
37 years$4,738$3,105$1,976$1,228$749$81
38 years$4,562$2,951$1,850$1,132$679$68
39 years$4,396$2,806$1,734$1,043$616$57
40 years$4,238$2,670$1,625$962$559$48
41 years$4,089$2,542$1,524$888$507$41
42 years$3,947$2,420$1,429$819$460$34
43 years$3,812$2,306$1,341$756$417$29
44 years$3,683$2,198$1,259$698$379$24
45 years$3,561$2,096$1,182$645$344$21
46 years$3,444$2,000$1,110$596$312$17
47 years$3,333$1,908$1,043$550$283$15
48 years$3,226$1,822$980$509$257$12
49 years$3,124$1,740$921$470$234$10
50 years$3,027$1,662$866$435$212$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $3,100,000, adding $2,906 every year, while hoping to spend $22,337 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: 39/36/25 Blend
73$3,100,000$3,100,000$3,100,000$3,100,000
74$3,419,198$3,254,898$3,206,848$3,527,054
75$3,744,189$3,390,621$3,290,511$3,741,361
76$4,101,582$3,532,247$3,376,228$3,970,641
77$4,494,656$3,680,039$3,464,044$4,218,129
78$4,927,027$3,834,277$3,554,006$4,485,496
79$5,402,678$3,995,252$3,646,159$4,774,576
80$5,925,998$4,163,266$3,740,553$5,087,383
81$6,501,823$4,338,639$3,837,234$5,426,126
82$7,135,480$4,521,703$3,936,252$5,793,235
83$7,832,840$4,712,808$4,037,658$6,191,376
84$8,600,371$4,912,317$4,141,501$6,623,482
85$9,445,200$5,120,612$4,247,833$7,092,772
86$10,375,181$5,338,093$4,356,706$7,602,786
87$11,398,968$5,565,177$4,468,174$8,157,415
88$12,526,094$5,802,302$4,582,289$8,760,935
89$13,767,067$6,049,926$4,699,107$9,418,050
90$15,133,464$6,308,528$4,818,683$10,133,930
91$16,638,040$6,578,610$4,941,072$10,914,261
92$18,294,854$6,860,696$5,066,332$11,765,298
93$20,119,395$7,155,335$5,194,519$12,693,921
94$22,128,730$7,463,104$5,325,693$13,707,697
95$24,341,668$7,784,603$5,459,911$14,814,952
96$26,778,934$8,120,464$5,597,234$16,024,847
97$29,463,365$8,471,347$5,737,721$17,347,462
98$32,420,127$8,837,941$5,881,433$18,793,888
99$35,676,950$9,220,971$6,028,431$20,376,335
100$39,264,394$9,621,193$6,178,779$22,108,236