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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.9%
1 years$264,253$261,899$259,603$257,361$255,172$246,021
2 years$130,818$128,382$126,021$123,731$121,511$112,390
3 years$86,346$83,899$81,544$79,276$77,091$68,288
4 years$64,114$61,675$59,343$57,114$54,982$46,563
5 years$50,778$48,354$46,053$43,869$41,797$33,784
6 years$41,891$39,484$37,217$35,082$33,072$25,472
7 years$35,545$33,159$30,928$28,843$26,897$19,707
8 years$30,788$28,423$26,229$24,196$22,313$15,528
9 years$27,090$24,748$22,591$20,609$18,791$12,402
10 years$24,133$21,814$19,696$17,766$16,011$10,006
11 years$21,716$19,420$17,340$15,461$13,770$8,137
12 years$19,703$17,430$15,388$13,562$11,933$6,658
13 years$18,000$15,752$13,749$11,973$10,406$5,475
14 years$16,543$14,318$12,353$10,628$9,121$4,520
15 years$15,281$13,080$11,153$9,478$8,031$3,744
16 years$14,177$12,000$10,112$8,487$7,098$3,109
17 years$13,205$11,052$9,202$7,625$6,294$2,587
18 years$12,341$10,212$8,400$6,872$5,596$2,157
19 years$11,569$9,465$7,690$6,210$4,988$1,801
20 years$10,876$8,795$7,057$5,624$4,455$1,505
21 years$10,249$8,192$6,491$5,104$3,987$1,260
22 years$9,680$7,647$5,983$4,641$3,574$1,055
23 years$9,161$7,152$5,524$4,226$3,208$884
24 years$8,686$6,701$5,109$3,855$2,883$741
25 years$8,250$6,289$4,732$3,520$2,595$622
26 years$7,848$5,910$4,388$3,219$2,337$522
27 years$7,477$5,562$4,075$2,946$2,107$438
28 years$7,132$5,241$3,788$2,699$1,901$368
29 years$6,812$4,945$3,525$2,475$1,717$309
30 years$6,514$4,670$3,284$2,272$1,551$260
31 years$6,235$4,414$3,061$2,087$1,402$218
32 years$5,975$4,177$2,856$1,918$1,269$183
33 years$5,731$3,956$2,667$1,763$1,148$154
34 years$5,501$3,749$2,492$1,622$1,039$130
35 years$5,286$3,556$2,330$1,494$942$109
36 years$5,082$3,375$2,179$1,376$853$92
37 years$4,890$3,206$2,040$1,267$773$77
38 years$4,709$3,046$1,910$1,168$701$65
39 years$4,538$2,897$1,790$1,077$636$54
40 years$4,375$2,756$1,677$993$577$46
41 years$4,221$2,624$1,573$917$523$38
42 years$4,074$2,499$1,475$846$475$32
43 years$3,935$2,381$1,384$781$431$27
44 years$3,802$2,269$1,300$721$391$23
45 years$3,676$2,164$1,220$666$355$19
46 years$3,555$2,064$1,146$615$322$16
47 years$3,440$1,970$1,077$568$293$14
48 years$3,330$1,881$1,012$525$266$11
49 years$3,225$1,796$951$485$241$10
50 years$3,124$1,715$894$449$219$8

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 $7,000 every year, while hoping to spend $39,148 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: 45/25/30 Blend
73$3,200,000$3,200,000$3,200,000$3,200,000
74$3,533,621$3,364,021$3,314,421$3,661,680
75$3,852,397$3,487,204$3,383,800$3,876,911
76$4,202,376$3,615,112$3,454,192$4,105,924
77$4,586,700$3,747,934$3,525,589$4,353,571
78$5,008,828$3,885,868$3,597,982$4,621,619
79$5,472,574$4,029,121$3,671,360$4,912,007
80$5,982,136$4,177,908$3,745,710$5,226,872
81$6,542,142$4,332,453$3,821,019$5,568,563
82$7,157,688$4,492,990$3,897,271$5,939,662
83$7,834,389$4,659,764$3,974,446$6,343,015
84$8,578,433$4,833,028$4,052,526$6,781,747
85$9,396,634$5,013,048$4,131,486$7,259,303
86$10,296,502$5,200,099$4,211,303$7,779,472
87$11,286,312$5,394,470$4,291,948$8,346,422
88$12,375,178$5,596,462$4,373,391$8,964,744
89$13,573,146$5,806,387$4,455,599$9,639,492
90$14,891,280$6,024,574$4,538,535$10,376,226
91$16,341,775$6,251,362$4,622,160$11,181,073
92$17,938,065$6,487,108$4,706,432$12,060,773
93$19,694,954$6,732,183$4,791,303$13,022,751
94$21,628,752$6,986,973$4,876,725$14,075,182
95$23,757,433$7,251,883$4,962,643$15,227,067
96$26,100,800$7,527,333$5,049,000$16,488,321
97$28,680,673$7,813,764$5,135,733$17,869,860
98$31,521,097$8,111,634$5,222,776$19,383,707
99$34,648,567$8,421,423$5,310,058$21,043,106
100$38,092,277$8,743,629$5,397,501$22,862,640