Can I retire at age 74 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$305,543$302,821$300,166$297,574$295,043$292,084
2 years$151,259$148,442$145,711$143,064$140,497$137,516
3 years$99,837$97,008$94,285$91,663$89,137$86,227
4 years$74,132$71,311$68,615$66,038$63,573$60,757
5 years$58,713$55,909$53,248$50,723$48,327$45,613
6 years$48,436$45,654$43,033$40,564$38,240$35,631
7 years$41,099$38,340$35,760$33,350$31,099$28,596
8 years$35,599$32,864$30,328$27,976$25,800$23,403
9 years$31,323$28,614$26,121$23,830$21,727$19,436
10 years$27,904$25,222$22,773$20,541$18,513$16,325
11 years$25,109$22,454$20,049$17,877$15,921$13,836
12 years$22,781$20,153$17,793$15,681$13,797$11,812
13 years$20,813$18,213$15,897$13,844$12,031$10,144
14 years$19,128$16,555$14,283$12,289$10,547$8,754
15 years$17,668$15,123$12,896$10,960$9,286$7,586
16 years$16,392$13,875$11,692$9,813$8,207$6,597
17 years$15,268$12,779$10,639$8,817$7,277$5,753
18 years$14,269$11,808$9,712$7,946$6,470$5,031
19 years$13,377$10,944$8,891$7,180$5,767$4,408
20 years$12,575$10,169$8,160$6,503$5,151$3,870
21 years$11,850$9,472$7,506$5,902$4,610$3,403
22 years$11,192$8,842$6,917$5,366$4,132$2,996
23 years$10,593$8,270$6,387$4,887$3,709$2,642
24 years$10,044$7,748$5,907$4,457$3,334$2,331
25 years$9,539$7,271$5,471$4,070$3,000$2,060
26 years$9,074$6,834$5,074$3,722$2,702$1,821
27 years$8,645$6,431$4,712$3,407$2,436$1,611
28 years$8,246$6,060$4,380$3,121$2,198$1,426
29 years$7,876$5,717$4,076$2,862$1,985$1,264
30 years$7,532$5,399$3,797$2,627$1,794$1,120
31 years$7,210$5,104$3,540$2,413$1,622$993
32 years$6,909$4,830$3,303$2,217$1,467$881
33 years$6,626$4,574$3,084$2,039$1,328$781
34 years$6,361$4,335$2,881$1,876$1,202$694
35 years$6,112$4,111$2,694$1,727$1,089$616
36 years$5,876$3,902$2,520$1,590$986$547
37 years$5,655$3,706$2,359$1,465$894$486
38 years$5,445$3,522$2,209$1,351$810$431
39 years$5,247$3,349$2,069$1,245$735$383
40 years$5,058$3,187$1,940$1,149$667$341
41 years$4,880$3,033$1,819$1,060$605$303
42 years$4,711$2,889$1,706$978$549$269
43 years$4,550$2,753$1,601$903$498$239
44 years$4,396$2,624$1,503$834$452$213
45 years$4,250$2,502$1,411$770$410$189
46 years$4,111$2,387$1,325$711$373$168
47 years$3,978$2,278$1,245$657$338$150
48 years$3,850$2,174$1,170$607$307$133
49 years$3,729$2,076$1,100$561$279$118
50 years$3,612$1,984$1,034$519$253$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $3,700,000, adding $3,467 every year, while hoping to spend $36,368 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: 67/14/19 Blend
73$3,700,000$3,700,000$3,700,000$3,700,000
74$4,080,976$3,884,876$3,827,526$4,334,981
75$4,458,541$4,036,540$3,917,053$4,657,053
76$4,873,397$4,194,416$4,008,360$5,004,573
77$5,329,313$4,358,771$4,101,469$5,383,717
78$5,830,434$4,529,882$4,196,400$5,797,591
79$6,381,332$4,708,041$4,293,173$6,249,618
80$6,987,042$4,893,549$4,391,808$6,743,562
81$7,653,111$5,086,723$4,492,324$7,283,571
82$8,385,651$5,287,895$4,594,740$7,874,209
83$9,191,395$5,497,410$4,699,071$8,520,502
84$10,077,763$5,715,629$4,805,336$9,227,985
85$11,052,930$5,942,929$4,913,549$10,002,752
86$12,125,901$6,179,705$5,023,726$10,851,512
87$13,306,601$6,426,368$5,135,878$11,781,658
88$14,605,963$6,683,350$5,250,020$12,801,327
89$16,036,037$6,951,099$5,366,161$13,919,484
90$17,610,096$7,230,087$5,484,311$15,146,001
91$19,342,769$7,520,804$5,604,478$16,491,752
92$21,250,172$7,823,764$5,726,668$17,968,714
93$23,350,065$8,139,503$5,850,887$19,590,079
94$25,662,016$8,468,584$5,977,137$21,370,380
95$28,207,590$8,811,593$6,105,419$23,325,622
96$31,010,546$9,169,143$6,235,732$25,473,440
97$34,097,065$9,541,874$6,368,073$27,833,258
98$37,495,998$9,930,458$6,502,436$30,426,474
99$41,239,135$10,335,596$6,638,812$33,276,663
100$45,361,505$10,758,019$6,777,191$36,409,793