Can I retire at age 74 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$264,253$261,899$259,603$257,361$255,172$247,103
2 years$130,818$128,382$126,021$123,731$121,511$113,454
3 years$86,346$83,899$81,544$79,276$77,091$69,300
4 years$64,114$61,675$59,343$57,114$54,982$47,516
5 years$50,778$48,354$46,053$43,869$41,797$34,676
6 years$41,891$39,484$37,217$35,082$33,072$26,303
7 years$35,545$33,159$30,928$28,843$26,897$20,478
8 years$30,788$28,423$26,229$24,196$22,313$16,241
9 years$27,090$24,748$22,591$20,609$18,791$13,059
10 years$24,133$21,814$19,696$17,766$16,011$10,609
11 years$21,716$19,420$17,340$15,461$13,770$8,690
12 years$19,703$17,430$15,388$13,562$11,933$7,163
13 years$18,000$15,752$13,749$11,973$10,406$5,934
14 years$16,543$14,318$12,353$10,628$9,121$4,937
15 years$15,281$13,080$11,153$9,478$8,031$4,121
16 years$14,177$12,000$10,112$8,487$7,098$3,450
17 years$13,205$11,052$9,202$7,625$6,294$2,894
18 years$12,341$10,212$8,400$6,872$5,596$2,433
19 years$11,569$9,465$7,690$6,210$4,988$2,048
20 years$10,876$8,795$7,057$5,624$4,455$1,726
21 years$10,249$8,192$6,491$5,104$3,987$1,457
22 years$9,680$7,647$5,983$4,641$3,574$1,231
23 years$9,161$7,152$5,524$4,226$3,208$1,040
24 years$8,686$6,701$5,109$3,855$2,883$880
25 years$8,250$6,289$4,732$3,520$2,595$745
26 years$7,848$5,910$4,388$3,219$2,337$631
27 years$7,477$5,562$4,075$2,946$2,107$534
28 years$7,132$5,241$3,788$2,699$1,901$453
29 years$6,812$4,945$3,525$2,475$1,717$384
30 years$6,514$4,670$3,284$2,272$1,551$325
31 years$6,235$4,414$3,061$2,087$1,402$276
32 years$5,975$4,177$2,856$1,918$1,269$234
33 years$5,731$3,956$2,667$1,763$1,148$198
34 years$5,501$3,749$2,492$1,622$1,039$168
35 years$5,286$3,556$2,330$1,494$942$143
36 years$5,082$3,375$2,179$1,376$853$121
37 years$4,890$3,206$2,040$1,267$773$103
38 years$4,709$3,046$1,910$1,168$701$87
39 years$4,538$2,897$1,790$1,077$636$74
40 years$4,375$2,756$1,677$993$577$63
41 years$4,221$2,624$1,573$917$523$53
42 years$4,074$2,499$1,475$846$475$45
43 years$3,935$2,381$1,384$781$431$38
44 years$3,802$2,269$1,300$721$391$33
45 years$3,676$2,164$1,220$666$355$28
46 years$3,555$2,064$1,146$615$322$23
47 years$3,440$1,970$1,077$568$293$20
48 years$3,330$1,881$1,012$525$266$17
49 years$3,225$1,796$951$485$241$14
50 years$3,124$1,715$894$449$219$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $3,200,000, adding $5,179 every year, while hoping to spend $55,848 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: 56/22/22 Blend
73$3,200,000$3,200,000$3,200,000$3,200,000
74$3,531,742$3,362,142$3,312,542$3,708,194
75$3,832,558$3,467,465$3,364,090$3,934,736
76$4,162,185$3,576,077$3,415,494$4,175,049
77$4,523,504$3,688,081$3,466,689$4,435,660
78$4,919,685$3,803,581$3,517,607$4,718,534
79$5,354,223$3,922,686$3,568,176$5,025,835
80$5,830,964$4,045,508$3,618,321$5,359,948
81$6,354,148$4,172,163$3,667,960$5,723,495
82$6,928,441$4,302,770$3,717,007$6,119,366
83$7,558,987$4,437,450$3,765,371$6,550,741
84$8,251,449$4,576,331$3,812,957$7,021,125
85$9,012,069$4,719,543$3,859,662$7,534,374
86$9,847,719$4,867,219$3,905,380$8,094,738
87$10,765,972$5,019,499$3,949,996$8,706,897
88$11,775,172$5,176,525$3,993,392$9,376,004
89$12,884,508$5,338,444$4,035,439$10,107,736
90$14,104,108$5,505,407$4,076,006$10,908,349
91$15,445,126$5,677,571$4,114,952$11,784,729
92$16,919,853$5,855,097$4,152,127$12,744,466
93$18,541,832$6,038,150$4,187,377$13,795,920
94$20,325,981$6,226,902$4,220,536$14,948,300
95$22,288,739$6,421,528$4,251,432$16,211,752
96$24,448,218$6,622,210$4,279,883$17,597,454
97$26,824,374$6,829,136$4,305,696$19,117,721
98$29,439,194$7,042,498$4,328,671$20,786,121
99$32,316,906$7,262,495$4,348,596$22,617,603
100$35,484,205$7,489,331$4,365,248$24,628,638