Can I retire at age 74 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$289,027$286,452$283,940$281,489$279,095$275,265
2 years$143,083$140,418$137,835$135,331$132,902$129,051
3 years$94,441$91,765$89,188$86,708$84,319$80,565
4 years$70,125$67,457$64,906$62,468$60,137$56,510
5 years$55,539$52,887$50,370$47,982$45,715$42,225
6 years$45,818$43,186$40,706$38,371$36,173$32,824
7 years$38,878$36,268$33,827$31,547$29,418$26,212
8 years$33,674$31,088$28,688$26,464$24,405$21,342
9 years$29,630$27,068$24,709$22,542$20,553$17,630
10 years$26,396$23,859$21,542$19,431$17,512$14,728
11 years$23,752$21,240$18,965$16,911$15,061$12,413
12 years$21,550$19,064$16,831$14,833$13,051$10,536
13 years$19,688$17,228$15,038$13,095$11,381$8,996
14 years$18,094$15,660$13,511$11,625$9,977$7,717
15 years$16,713$14,306$12,199$10,367$8,784$6,647
16 years$15,506$13,125$11,060$9,283$7,763$5,744
17 years$14,443$12,088$10,064$8,340$6,884$4,978
18 years$13,498$11,170$9,187$7,516$6,121$4,325
19 years$12,654$10,352$8,411$6,792$5,455$3,765
20 years$11,895$9,620$7,719$6,151$4,873$3,283
21 years$11,210$8,960$7,100$5,583$4,361$2,868
22 years$10,587$8,364$6,544$5,076$3,909$2,508
23 years$10,020$7,823$6,042$4,623$3,509$2,196
24 years$9,501$7,329$5,588$4,216$3,154$1,925
25 years$9,024$6,878$5,175$3,850$2,838$1,688
26 years$8,584$6,464$4,800$3,521$2,556$1,482
27 years$8,177$6,084$4,457$3,223$2,305$1,302
28 years$7,801$5,733$4,143$2,953$2,080$1,144
29 years$7,451$5,408$3,856$2,708$1,878$1,006
30 years$7,124$5,107$3,592$2,485$1,697$885
31 years$6,820$4,828$3,348$2,282$1,534$779
32 years$6,535$4,569$3,124$2,097$1,388$686
33 years$6,268$4,326$2,917$1,929$1,256$604
34 years$6,017$4,100$2,725$1,775$1,137$532
35 years$5,781$3,889$2,548$1,634$1,030$469
36 years$5,559$3,691$2,384$1,504$933$413
37 years$5,349$3,506$2,231$1,386$846$364
38 years$5,151$3,332$2,089$1,278$767$321
39 years$4,963$3,168$1,957$1,178$695$283
40 years$4,785$3,014$1,835$1,087$631$250
41 years$4,616$2,869$1,720$1,003$572$220
42 years$4,456$2,733$1,614$925$519$194
43 years$4,304$2,604$1,514$854$471$171
44 years$4,158$2,482$1,421$789$428$151
45 years$4,020$2,367$1,335$728$388$133
46 years$3,888$2,258$1,254$673$352$118
47 years$3,763$2,155$1,178$622$320$104
48 years$3,642$2,057$1,107$574$291$92
49 years$3,527$1,964$1,040$531$264$81
50 years$3,417$1,876$978$491$240$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $3,500,000, adding $2,826 every year, while hoping to spend $26,616 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: 63/30/7 Blend
73$3,500,000$3,500,000$3,500,000$3,500,000
74$3,859,915$3,674,415$3,620,165$4,097,787
75$4,225,307$3,826,142$3,713,121$4,408,477
76$4,627,077$3,984,412$3,808,300$4,744,175
77$5,068,908$4,149,517$3,905,746$5,110,004
78$5,554,856$4,321,762$4,005,508$5,508,878
79$6,089,391$4,501,469$4,107,633$5,944,006
80$6,677,440$4,688,972$4,212,169$6,418,917
81$7,324,427$4,884,620$4,319,166$6,937,490
82$8,036,333$5,088,781$4,428,672$7,503,997
83$8,819,745$5,301,837$4,540,739$8,123,135
84$9,681,922$5,524,190$4,655,416$8,800,074
85$10,630,862$5,756,258$4,772,756$9,540,501
86$11,675,376$5,998,482$4,892,810$10,350,678
87$12,825,177$6,251,320$5,015,632$11,237,494
88$14,090,963$6,515,253$5,141,273$12,208,533
89$15,484,524$6,790,783$5,269,789$13,272,143
90$17,018,852$7,078,437$5,401,233$14,437,511
91$18,708,260$7,378,766$5,535,660$15,714,754
92$20,568,523$7,692,346$5,673,125$17,115,007
93$22,617,021$8,019,780$5,813,683$18,650,533
94$24,872,907$8,361,699$5,957,391$20,334,829
95$27,357,286$8,718,764$6,104,306$22,182,761
96$30,093,412$9,091,666$6,254,483$24,210,696
97$33,106,912$9,481,130$6,407,980$26,436,657
98$36,426,024$9,887,913$6,564,855$28,880,491
99$40,081,865$10,312,807$6,725,164$31,564,055
100$44,108,724$10,756,644$6,888,966$34,511,421