Can I retire at age 74 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$297,285$294,637$292,053$289,531$287,069$285,260
2 years$147,171$144,430$141,773$139,198$136,700$134,875
3 years$97,139$94,386$91,737$89,185$86,728$84,944
4 years$72,128$69,384$66,761$64,253$61,855$60,125
5 years$57,126$54,398$51,809$49,352$47,021$45,351
6 years$47,127$44,420$41,869$39,468$37,206$35,598
7 years$39,988$37,304$34,794$32,448$30,259$28,713
8 years$34,637$31,976$29,508$27,220$25,102$23,619
9 years$30,476$27,841$25,415$23,186$21,140$19,719
10 years$27,150$24,541$22,157$19,986$18,012$16,653
11 years$24,430$21,847$19,507$17,394$15,491$14,192
12 years$22,165$19,609$17,312$15,257$13,424$12,185
13 years$20,251$17,721$15,467$13,470$11,706$10,525
14 years$18,611$16,107$13,897$11,957$10,262$9,137
15 years$17,191$14,714$12,547$10,663$9,035$7,966
16 years$15,949$13,500$11,376$9,548$7,985$6,970
17 years$14,855$12,433$10,352$8,579$7,080$6,117
18 years$13,884$11,489$9,450$7,731$6,295$5,382
19 years$13,016$10,648$8,651$6,986$5,611$4,747
20 years$12,235$9,894$7,939$6,327$5,012$4,195
21 years$11,530$9,216$7,303$5,742$4,485$3,713
22 years$10,890$8,603$6,731$5,221$4,020$3,292
23 years$10,306$8,046$6,214$4,755$3,609$2,922
24 years$9,772$7,539$5,747$4,337$3,244$2,597
25 years$9,281$7,075$5,323$3,960$2,919$2,310
26 years$8,829$6,649$4,937$3,621$2,629$2,057
27 years$8,411$6,258$4,584$3,315$2,371$1,833
28 years$8,024$5,897$4,262$3,037$2,139$1,634
29 years$7,664$5,563$3,966$2,785$1,931$1,458
30 years$7,328$5,253$3,694$2,556$1,745$1,302
31 years$7,015$4,966$3,444$2,347$1,578$1,163
32 years$6,722$4,699$3,213$2,157$1,427$1,039
33 years$6,447$4,450$3,000$1,984$1,292$929
34 years$6,189$4,218$2,803$1,825$1,169$831
35 years$5,946$4,000$2,621$1,680$1,059$743
36 years$5,718$3,797$2,452$1,547$960$665
37 years$5,502$3,606$2,295$1,426$870$595
38 years$5,298$3,427$2,149$1,314$789$533
39 years$5,105$3,259$2,013$1,212$715$477
40 years$4,922$3,101$1,887$1,118$649$427
41 years$4,748$2,951$1,770$1,031$588$383
42 years$4,583$2,811$1,660$952$534$343
43 years$4,427$2,678$1,558$878$485$307
44 years$4,277$2,553$1,462$811$440$275
45 years$4,135$2,434$1,373$749$399$247
46 years$3,999$2,322$1,289$692$363$221
47 years$3,870$2,216$1,211$639$329$198
48 years$3,746$2,116$1,138$591$299$177
49 years$3,628$2,020$1,070$546$272$159
50 years$3,515$1,930$1,006$505$247$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $3,600,000, adding $2,952 every year, while hoping to spend $28,547 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: 64/22/14 Blend
73$3,600,000$3,600,000$3,600,000$3,600,000
74$3,970,245$3,779,445$3,723,645$4,210,883
75$4,344,836$3,934,264$3,818,013$4,527,157
76$4,756,679$4,095,712$3,914,586$4,868,930
77$5,209,543$4,264,085$4,013,407$5,241,561
78$5,707,581$4,439,689$4,114,521$5,648,056
79$6,255,368$4,622,849$4,217,972$6,091,722
80$6,857,947$4,813,900$4,323,805$6,576,200
81$7,520,872$5,013,195$4,432,067$7,105,496
82$8,250,262$5,221,103$4,542,803$7,684,017
83$9,052,862$5,438,010$4,656,059$8,316,615
84$9,936,100$5,664,319$4,771,884$9,008,631
85$10,908,164$5,900,452$4,890,324$9,765,942
86$11,978,074$6,146,852$5,011,427$10,595,020
87$13,155,769$6,403,979$5,135,241$11,502,988
88$14,452,201$6,672,317$5,261,815$12,497,688
89$15,879,437$6,952,372$5,391,197$13,587,756
90$17,450,774$7,244,672$5,523,436$14,782,699
91$19,180,863$7,549,772$5,658,582$16,092,984
92$21,085,851$7,868,250$5,796,684$17,530,141
93$23,183,526$8,200,713$5,937,791$19,106,863
94$25,493,491$8,547,794$6,081,953$20,837,129
95$28,037,349$8,910,157$6,229,220$22,736,334
96$30,838,901$9,288,497$6,379,642$24,821,434
97$33,924,376$9,683,541$6,533,267$27,111,102
98$37,322,677$10,096,048$6,690,146$29,625,906
99$41,065,652$10,526,817$6,850,327$32,388,498
100$45,188,396$10,976,678$7,013,861$35,423,831