Can I retire at age 74 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$272,511$270,084$267,715$265,404$263,147$261,598
2 years$134,906$132,394$129,959$127,598$125,308$123,745
3 years$89,044$86,521$84,092$81,753$79,500$77,973
4 years$66,118$63,602$61,197$58,899$56,700$55,219
5 years$52,365$49,865$47,492$45,240$43,103$41,672
6 years$43,200$40,718$38,380$36,179$34,106$32,728
7 years$36,656$34,195$31,894$29,744$27,737$26,412
8 years$31,750$29,312$27,049$24,952$23,011$21,739
9 years$27,937$25,521$23,297$21,253$19,378$18,160
10 years$24,887$22,496$20,311$18,321$16,511$15,345
11 years$22,394$20,026$17,881$15,944$14,200$13,086
12 years$20,318$17,975$15,869$13,985$12,306$11,242
13 years$18,563$16,244$14,178$12,347$10,731$9,717
14 years$17,060$14,765$12,739$10,960$9,406$8,441
15 years$15,758$13,488$11,502$9,775$8,282$7,364
16 years$14,620$12,375$10,428$8,752$7,320$6,447
17 years$13,617$11,397$9,489$7,864$6,490$5,662
18 years$12,727$10,531$8,662$7,087$5,771$4,986
19 years$11,931$9,760$7,930$6,404$5,144$4,400
20 years$11,216$9,070$7,278$5,800$4,594$3,891
21 years$10,569$8,448$6,694$5,264$4,112$3,447
22 years$9,982$7,886$6,170$4,786$3,685$3,058
23 years$9,447$7,376$5,697$4,359$3,308$2,717
24 years$8,958$6,911$5,268$3,975$2,973$2,416
25 years$8,508$6,485$4,880$3,630$2,676$2,151
26 years$8,093$6,095$4,526$3,319$2,410$1,917
27 years$7,710$5,736$4,202$3,038$2,173$1,709
28 years$7,355$5,405$3,907$2,784$1,961$1,526
29 years$7,025$5,099$3,635$2,553$1,770$1,362
30 years$6,717$4,816$3,386$2,343$1,600$1,217
31 years$6,430$4,552$3,157$2,152$1,446$1,088
32 years$6,162$4,307$2,945$1,977$1,308$973
33 years$5,910$4,079$2,750$1,818$1,184$871
34 years$5,673$3,866$2,570$1,673$1,072$779
35 years$5,451$3,667$2,402$1,540$971$698
36 years$5,241$3,481$2,247$1,418$880$625
37 years$5,043$3,306$2,104$1,307$797$560
38 years$4,856$3,142$1,970$1,205$723$501
39 years$4,679$2,987$1,846$1,111$655$449
40 years$4,512$2,842$1,730$1,025$595$403
41 years$4,353$2,706$1,622$945$539$361
42 years$4,201$2,577$1,522$872$489$324
43 years$4,058$2,455$1,428$805$444$290
44 years$3,921$2,340$1,340$744$403$260
45 years$3,791$2,232$1,258$687$366$233
46 years$3,666$2,129$1,182$634$332$209
47 years$3,548$2,032$1,110$586$302$188
48 years$3,434$1,939$1,043$541$274$168
49 years$3,326$1,852$981$500$249$151
50 years$3,222$1,769$922$463$226$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $3,300,000, adding $5,914 every year, while hoping to spend $30,971 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: 53/28/19 Blend
73$3,300,000$3,300,000$3,300,000$3,300,000
74$3,642,700$3,467,800$3,416,650$3,816,576
75$3,981,303$3,604,770$3,498,155$4,073,471
76$4,353,405$3,747,412$3,581,352$4,349,112
77$4,762,390$3,895,974$3,666,266$4,648,373
78$5,211,988$4,050,711$3,752,920$4,973,512
79$5,706,306$4,211,890$3,841,337$5,327,011
80$6,249,868$4,379,792$3,931,542$5,711,601
81$6,847,662$4,554,710$4,023,556$6,130,284
82$7,505,181$4,736,947$4,117,402$6,586,362
83$8,228,477$4,926,825$4,213,103$7,083,469
84$9,024,219$5,124,677$4,310,679$7,625,602
85$9,899,754$5,330,851$4,410,151$8,217,159
86$10,863,178$5,545,712$4,511,541$8,862,980
87$11,923,412$5,769,641$4,614,867$9,568,390
88$13,090,283$6,003,037$4,720,148$10,339,251
89$14,374,622$6,246,316$4,827,403$11,182,014
90$15,788,361$6,499,913$4,936,648$12,103,780
91$17,344,648$6,764,283$5,047,901$13,112,365
92$19,057,972$7,039,902$5,161,175$14,216,373
93$20,944,296$7,327,269$5,276,485$15,425,278
94$23,021,211$7,626,902$5,393,844$16,749,509
95$25,308,100$7,939,345$5,513,264$18,200,549
96$27,826,322$8,265,169$5,634,754$19,791,042
97$30,599,412$8,604,967$5,758,323$21,534,910
98$33,653,303$8,959,361$5,883,977$23,447,485
99$37,016,572$9,329,003$6,011,723$25,545,649
100$40,720,710$9,714,571$6,141,564$27,847,995