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%13.4%
1 years$289,027$286,452$283,940$281,489$279,095$275,151
2 years$143,083$140,418$137,835$135,331$132,902$128,937
3 years$94,441$91,765$89,188$86,708$84,319$80,455
4 years$70,125$67,457$64,906$62,468$60,137$56,404
5 years$55,539$52,887$50,370$47,982$45,715$42,124
6 years$45,818$43,186$40,706$38,371$36,173$32,728
7 years$38,878$36,268$33,827$31,547$29,418$26,121
8 years$33,674$31,088$28,688$26,464$24,405$21,255
9 years$29,630$27,068$24,709$22,542$20,553$17,548
10 years$26,396$23,859$21,542$19,431$17,512$14,650
11 years$23,752$21,240$18,965$16,911$15,061$12,340
12 years$21,550$19,064$16,831$14,833$13,051$10,468
13 years$19,688$17,228$15,038$13,095$11,381$8,931
14 years$18,094$15,660$13,511$11,625$9,977$7,657
15 years$16,713$14,306$12,199$10,367$8,784$6,590
16 years$15,506$13,125$11,060$9,283$7,763$5,691
17 years$14,443$12,088$10,064$8,340$6,884$4,929
18 years$13,498$11,170$9,187$7,516$6,121$4,279
19 years$12,654$10,352$8,411$6,792$5,455$3,722
20 years$11,895$9,620$7,719$6,151$4,873$3,244
21 years$11,210$8,960$7,100$5,583$4,361$2,831
22 years$10,587$8,364$6,544$5,076$3,909$2,474
23 years$10,020$7,823$6,042$4,623$3,509$2,164
24 years$9,501$7,329$5,588$4,216$3,154$1,896
25 years$9,024$6,878$5,175$3,850$2,838$1,661
26 years$8,584$6,464$4,800$3,521$2,556$1,457
27 years$8,177$6,084$4,457$3,223$2,305$1,279
28 years$7,801$5,733$4,143$2,953$2,080$1,123
29 years$7,451$5,408$3,856$2,708$1,878$987
30 years$7,124$5,107$3,592$2,485$1,697$868
31 years$6,820$4,828$3,348$2,282$1,534$763
32 years$6,535$4,569$3,124$2,097$1,388$671
33 years$6,268$4,326$2,917$1,929$1,256$591
34 years$6,017$4,100$2,725$1,775$1,137$520
35 years$5,781$3,889$2,548$1,634$1,030$458
36 years$5,559$3,691$2,384$1,504$933$403
37 years$5,349$3,506$2,231$1,386$846$355
38 years$5,151$3,332$2,089$1,278$767$313
39 years$4,963$3,168$1,957$1,178$695$275
40 years$4,785$3,014$1,835$1,087$631$243
41 years$4,616$2,869$1,720$1,003$572$214
42 years$4,456$2,733$1,614$925$519$188
43 years$4,304$2,604$1,514$854$471$166
44 years$4,158$2,482$1,421$789$428$146
45 years$4,020$2,367$1,335$728$388$129
46 years$3,888$2,258$1,254$673$352$114
47 years$3,763$2,155$1,178$622$320$100
48 years$3,642$2,057$1,107$574$291$88
49 years$3,527$1,964$1,040$531$264$78
50 years$3,417$1,876$978$491$240$69

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 $2,381 every year, while hoping to spend $29,094 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: 78/11/11 Blend
73$3,500,000$3,500,000$3,500,000$3,500,000
74$3,859,456$3,673,956$3,619,706$4,152,660
75$4,222,165$3,823,024$3,710,010$4,494,859
76$4,620,895$3,978,421$3,802,365$4,866,108
77$5,059,289$4,140,427$3,896,807$5,272,454
78$5,541,362$4,309,334$3,993,376$5,717,386
79$6,071,537$4,485,447$4,092,110$6,204,744
80$6,654,685$4,669,085$4,193,047$6,738,758
81$7,296,176$4,860,584$4,296,227$7,324,086
82$8,001,925$5,060,291$4,401,689$7,965,857
83$8,778,448$5,268,572$4,509,473$8,669,719
84$9,632,927$5,485,809$4,619,617$9,441,895
85$10,573,274$5,712,402$4,732,163$10,289,235
86$11,608,206$5,948,768$4,847,149$11,219,285
87$12,747,330$6,195,345$4,964,615$12,240,359
88$14,001,230$6,452,589$5,084,602$13,361,611
89$15,381,568$6,720,979$5,207,149$14,593,125
90$16,901,196$7,001,014$5,332,296$15,946,010
91$18,574,273$7,293,219$5,460,083$17,432,502
92$20,416,402$7,598,140$5,590,549$19,066,082
93$22,444,776$7,916,350$5,723,733$20,861,597
94$24,678,340$8,248,448$5,859,675$22,835,406
95$27,137,970$8,595,061$5,998,414$25,005,529
96$29,846,669$8,956,845$6,139,987$27,391,820
97$32,829,785$9,334,486$6,284,432$30,016,150
98$36,115,249$9,728,703$6,431,787$32,902,616
99$39,733,842$10,140,246$6,582,089$36,077,764
100$43,719,477$10,569,902$6,735,373$39,570,843