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%16%
1 years$297,285$294,637$292,053$289,531$287,069$280,016
2 years$147,171$144,430$141,773$139,198$136,700$129,637
3 years$97,139$94,386$91,737$89,185$86,728$79,877
4 years$72,128$69,384$66,761$64,253$61,855$55,268
5 years$57,126$54,398$51,809$49,352$47,021$40,717
6 years$47,127$44,420$41,869$39,468$37,206$31,191
7 years$39,988$37,304$34,794$32,448$30,259$24,533
8 years$34,637$31,976$29,508$27,220$25,102$19,664
9 years$30,476$27,841$25,415$23,186$21,140$15,984
10 years$27,150$24,541$22,157$19,986$18,012$13,133
11 years$24,430$21,847$19,507$17,394$15,491$10,882
12 years$22,165$19,609$17,312$15,257$13,424$9,077
13 years$20,251$17,721$15,467$13,470$11,706$7,612
14 years$18,611$16,107$13,897$11,957$10,262$6,412
15 years$17,191$14,714$12,547$10,663$9,035$5,420
16 years$15,949$13,500$11,376$9,548$7,985$4,596
17 years$14,855$12,433$10,352$8,579$7,080$3,907
18 years$13,884$11,489$9,450$7,731$6,295$3,328
19 years$13,016$10,648$8,651$6,986$5,611$2,840
20 years$12,235$9,894$7,939$6,327$5,012$2,427
21 years$11,530$9,216$7,303$5,742$4,485$2,077
22 years$10,890$8,603$6,731$5,221$4,020$1,779
23 years$10,306$8,046$6,214$4,755$3,609$1,525
24 years$9,772$7,539$5,747$4,337$3,244$1,309
25 years$9,281$7,075$5,323$3,960$2,919$1,124
26 years$8,829$6,649$4,937$3,621$2,629$965
27 years$8,411$6,258$4,584$3,315$2,371$830
28 years$8,024$5,897$4,262$3,037$2,139$713
29 years$7,664$5,563$3,966$2,785$1,931$614
30 years$7,328$5,253$3,694$2,556$1,745$528
31 years$7,015$4,966$3,444$2,347$1,578$454
32 years$6,722$4,699$3,213$2,157$1,427$391
33 years$6,447$4,450$3,000$1,984$1,292$337
34 years$6,189$4,218$2,803$1,825$1,169$290
35 years$5,946$4,000$2,621$1,680$1,059$250
36 years$5,718$3,797$2,452$1,547$960$215
37 years$5,502$3,606$2,295$1,426$870$185
38 years$5,298$3,427$2,149$1,314$789$160
39 years$5,105$3,259$2,013$1,212$715$138
40 years$4,922$3,101$1,887$1,118$649$119
41 years$4,748$2,951$1,770$1,031$588$102
42 years$4,583$2,811$1,660$952$534$88
43 years$4,427$2,678$1,558$878$485$76
44 years$4,277$2,553$1,462$811$440$65
45 years$4,135$2,434$1,373$749$399$56
46 years$3,999$2,322$1,289$692$363$49
47 years$3,870$2,216$1,211$639$329$42
48 years$3,746$2,116$1,138$591$299$36
49 years$3,628$2,020$1,070$546$272$31
50 years$3,515$1,930$1,006$505$247$27

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 $2,777 every year, while hoping to spend $58,593 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: 35/40/25 Blend
73$3,600,000$3,600,000$3,600,000$3,600,000
74$3,970,064$3,779,264$3,723,464$4,078,901
75$4,312,669$3,902,106$3,785,858$4,282,861
76$4,688,254$4,029,003$3,848,378$4,497,249
77$5,100,124$4,160,092$3,910,967$4,727,412
78$5,551,916$4,295,515$3,973,563$4,974,798
79$6,047,635$4,435,419$4,036,100$5,240,996
80$6,591,693$4,579,954$4,098,510$5,527,753
81$7,188,953$4,729,279$4,160,717$5,836,992
82$7,844,768$4,883,555$4,222,643$6,170,824
83$8,565,036$5,042,951$4,284,203$6,531,575
84$9,356,254$5,207,641$4,345,308$6,921,800
85$10,225,581$5,377,804$4,405,865$7,344,311
86$11,180,901$5,553,627$4,465,772$7,802,203
87$12,230,902$5,735,303$4,524,924$8,298,879
88$13,385,153$5,923,033$4,583,209$8,838,086
89$14,654,199$6,117,022$4,640,507$9,423,946
90$16,049,656$6,317,485$4,696,693$10,060,998
91$17,584,323$6,524,643$4,751,634$10,754,237
92$19,272,301$6,738,727$4,805,190$11,509,163
93$21,129,124$6,959,974$4,857,213$12,331,828
94$23,171,912$7,188,630$4,907,547$13,228,899
95$25,419,525$7,424,950$4,956,027$14,207,715
96$27,892,742$7,669,198$5,002,479$15,276,356
97$30,614,461$7,921,648$5,046,721$16,443,721
98$33,609,909$8,182,583$5,088,560$17,719,612
99$36,906,886$8,452,296$5,127,793$19,114,819
100$40,536,021$8,731,090$5,164,207$20,641,230