Can I retire at age 74 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$280,769$278,268$275,828$273,446$271,121$266,629
2 years$138,994$136,406$133,897$131,465$129,105$124,593
3 years$91,743$89,143$86,640$84,231$81,910$77,518
4 years$68,121$65,529$63,052$60,683$58,419$54,180
5 years$53,952$51,376$48,931$46,611$44,409$40,337
6 years$44,509$41,952$39,543$37,275$35,139$31,238
7 years$37,767$35,231$32,861$30,646$28,578$24,848
8 years$32,712$30,200$27,869$25,708$23,708$20,149
9 years$28,783$26,294$24,003$21,897$19,965$16,576
10 years$25,642$23,177$20,926$18,876$17,012$13,788
11 years$23,073$20,633$18,423$16,428$14,631$11,570
12 years$20,934$18,519$16,350$14,409$12,679$9,777
13 years$19,126$16,736$14,608$12,721$11,056$8,309
14 years$17,577$15,213$13,125$11,292$9,692$7,095
15 years$16,236$13,897$11,850$10,071$8,533$6,082
16 years$15,063$12,750$10,744$9,017$7,542$5,230
17 years$14,030$11,742$9,777$8,102$6,687$4,510
18 years$13,112$10,851$8,925$7,302$5,946$3,898
19 years$12,293$10,056$8,170$6,598$5,300$3,376
20 years$11,556$9,345$7,498$5,975$4,734$2,929
21 years$10,890$8,704$6,897$5,423$4,236$2,545
22 years$10,285$8,125$6,357$4,931$3,797$2,214
23 years$9,734$7,599$5,869$4,491$3,408$1,928
24 years$9,229$7,120$5,428$4,096$3,064$1,681
25 years$8,766$6,682$5,027$3,740$2,757$1,466
26 years$8,339$6,280$4,663$3,420$2,483$1,280
27 years$7,944$5,910$4,330$3,130$2,239$1,118
28 years$7,578$5,569$4,025$2,868$2,020$977
29 years$7,238$5,254$3,746$2,630$1,824$854
30 years$6,921$4,962$3,489$2,414$1,648$747
31 years$6,625$4,690$3,253$2,217$1,490$654
32 years$6,348$4,438$3,035$2,037$1,348$572
33 years$6,089$4,203$2,834$1,874$1,220$501
34 years$5,845$3,983$2,648$1,724$1,104$439
35 years$5,616$3,778$2,475$1,587$1,000$384
36 years$5,400$3,586$2,316$1,461$906$337
37 years$5,196$3,406$2,167$1,347$821$295
38 years$5,003$3,237$2,030$1,241$745$259
39 years$4,821$3,078$1,901$1,144$675$227
40 years$4,648$2,928$1,782$1,056$613$199
41 years$4,484$2,788$1,671$974$556$174
42 years$4,329$2,655$1,568$899$504$153
43 years$4,181$2,529$1,471$830$458$134
44 years$4,040$2,411$1,381$766$415$117
45 years$3,905$2,299$1,297$707$377$103
46 years$3,777$2,193$1,218$654$342$90
47 years$3,655$2,093$1,144$604$311$79
48 years$3,538$1,998$1,075$558$282$69
49 years$3,426$1,908$1,011$516$256$61
50 years$3,320$1,823$950$477$233$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $3,400,000, adding $6,848 every year, while hoping to spend $40,068 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: 67/24/9 Blend
73$3,400,000$3,400,000$3,400,000$3,400,000
74$3,753,864$3,573,664$3,520,964$3,998,249
75$4,094,126$3,706,141$3,596,284$4,293,967
76$4,467,752$3,843,767$3,672,785$4,611,706
77$4,878,102$3,986,752$3,750,463$4,958,022
78$5,328,880$4,135,313$3,829,314$5,335,704
79$5,824,162$4,289,681$3,909,333$5,747,820
80$6,368,444$4,450,092$3,990,513$6,197,747
81$6,966,674$4,616,795$4,072,844$6,689,202
82$7,624,306$4,790,049$4,156,315$7,226,275
83$8,347,347$4,970,124$4,240,914$7,813,469
84$9,142,418$5,157,302$4,326,626$8,455,741
85$10,016,811$5,351,876$4,413,435$9,158,548
86$10,978,561$5,554,153$4,501,320$9,927,899
87$12,036,520$5,764,453$4,590,260$10,770,407
88$13,200,443$5,983,109$4,680,231$11,693,357
89$14,481,076$6,210,469$4,771,207$12,704,769
90$15,890,261$6,446,897$4,863,157$13,813,475
91$17,441,044$6,692,771$4,956,050$15,029,200
92$19,147,802$6,948,488$5,049,848$16,362,654
93$21,026,373$7,214,459$5,144,514$17,825,634
94$23,094,211$7,491,116$5,240,003$19,431,130
95$25,370,549$7,778,909$5,336,271$21,193,451
96$27,876,576$8,078,306$5,433,267$23,128,357
97$30,635,641$8,389,798$5,530,937$25,253,205
98$33,673,475$8,713,896$5,629,221$27,587,117
99$37,018,427$9,051,135$5,728,058$30,151,153
100$40,701,737$9,402,071$5,827,378$32,968,514