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%19.9%
1 years$280,769$278,268$275,828$273,446$271,121$260,364
2 years$138,994$136,406$133,897$131,465$129,105$118,401
3 years$91,743$89,143$86,640$84,231$81,910$71,595
4 years$68,121$65,529$63,052$60,683$58,419$48,573
5 years$53,952$51,376$48,931$46,611$44,409$35,056
6 years$44,509$41,952$39,543$37,275$35,139$26,286
7 years$37,767$35,231$32,861$30,646$28,578$20,221
8 years$32,712$30,200$27,869$25,708$23,708$15,839
9 years$28,783$26,294$24,003$21,897$19,965$12,572
10 years$25,642$23,177$20,926$18,876$17,012$10,080
11 years$23,073$20,633$18,423$16,428$14,631$8,144
12 years$20,934$18,519$16,350$14,409$12,679$6,619
13 years$19,126$16,736$14,608$12,721$11,056$5,406
14 years$17,577$15,213$13,125$11,292$9,692$4,432
15 years$16,236$13,897$11,850$10,071$8,533$3,645
16 years$15,063$12,750$10,744$9,017$7,542$3,005
17 years$14,030$11,742$9,777$8,102$6,687$2,482
18 years$13,112$10,851$8,925$7,302$5,946$2,054
19 years$12,293$10,056$8,170$6,598$5,300$1,702
20 years$11,556$9,345$7,498$5,975$4,734$1,412
21 years$10,890$8,704$6,897$5,423$4,236$1,172
22 years$10,285$8,125$6,357$4,931$3,797$974
23 years$9,734$7,599$5,869$4,491$3,408$810
24 years$9,229$7,120$5,428$4,096$3,064$674
25 years$8,766$6,682$5,027$3,740$2,757$561
26 years$8,339$6,280$4,663$3,420$2,483$467
27 years$7,944$5,910$4,330$3,130$2,239$389
28 years$7,578$5,569$4,025$2,868$2,020$324
29 years$7,238$5,254$3,746$2,630$1,824$270
30 years$6,921$4,962$3,489$2,414$1,648$225
31 years$6,625$4,690$3,253$2,217$1,490$187
32 years$6,348$4,438$3,035$2,037$1,348$156
33 years$6,089$4,203$2,834$1,874$1,220$130
34 years$5,845$3,983$2,648$1,724$1,104$109
35 years$5,616$3,778$2,475$1,587$1,000$90
36 years$5,400$3,586$2,316$1,461$906$75
37 years$5,196$3,406$2,167$1,347$821$63
38 years$5,003$3,237$2,030$1,241$745$52
39 years$4,821$3,078$1,901$1,144$675$44
40 years$4,648$2,928$1,782$1,056$613$36
41 years$4,484$2,788$1,671$974$556$30
42 years$4,329$2,655$1,568$899$504$25
43 years$4,181$2,529$1,471$830$458$21
44 years$4,040$2,411$1,381$766$415$18
45 years$3,905$2,299$1,297$707$377$15
46 years$3,777$2,193$1,218$654$342$12
47 years$3,655$2,093$1,144$604$311$10
48 years$3,538$1,998$1,075$558$282$9
49 years$3,426$1,908$1,011$516$256$7
50 years$3,320$1,823$950$477$233$6

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 $2,493 every year, while hoping to spend $45,460 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: 64/30/6 Blend
73$3,400,000$3,400,000$3,400,000$3,400,000
74$3,749,372$3,569,172$3,516,472$3,985,421
75$4,083,438$3,695,692$3,585,904$4,269,329
76$4,450,056$3,826,888$3,656,139$4,573,665
77$4,852,498$3,962,941$3,727,156$4,904,848
78$5,294,367$4,104,040$3,798,930$5,265,477
79$5,779,635$4,250,380$3,871,436$5,658,413
80$6,312,675$4,402,166$3,944,647$6,086,804
81$6,898,306$4,559,611$4,018,531$6,554,113
82$7,541,836$4,722,935$4,093,055$7,064,152
83$8,249,114$4,892,368$4,168,182$7,621,115
84$9,026,581$5,068,152$4,243,873$8,229,619
85$9,881,335$5,250,534$4,320,086$8,894,747
86$10,821,197$5,439,776$4,396,775$9,622,093
87$11,854,781$5,636,147$4,473,889$10,417,815
88$12,991,581$5,839,930$4,551,376$11,288,694
89$14,242,053$6,051,419$4,629,179$12,242,194
90$15,617,722$6,270,918$4,707,236$13,286,535
91$17,131,283$6,498,746$4,785,481$14,430,768
92$18,796,725$6,735,235$4,863,846$15,684,859
93$20,629,460$6,980,731$4,942,254$17,059,782
94$22,646,472$7,235,594$5,020,626$18,567,623
95$24,866,472$7,500,198$5,098,877$20,221,693
96$27,310,079$7,774,934$5,176,917$22,036,652
97$30,000,012$8,060,211$5,254,648$24,028,643
98$32,961,303$8,356,451$5,331,969$26,215,452
99$36,221,537$8,664,098$5,408,771$28,616,663
100$39,811,107$8,983,613$5,484,938$31,253,853