Can I retire at age 74 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$322,058$319,190$316,391$313,659$310,991$308,000
2 years$159,435$156,466$153,588$150,798$148,091$145,078
3 years$105,234$102,252$99,381$96,617$93,955$91,013
4 years$78,139$75,166$72,324$69,607$67,010$64,162
5 years$61,886$58,931$56,127$53,465$50,940$48,194
6 years$51,055$48,122$45,359$42,757$40,307$37,667
7 years$43,321$40,412$37,693$35,153$32,780$30,248
8 years$37,523$34,641$31,967$29,489$27,194$24,769
9 years$33,016$30,161$27,533$25,118$22,902$20,582
10 years$29,412$26,586$24,004$21,652$19,513$17,298
11 years$26,466$23,668$21,133$18,843$16,782$14,670
12 years$24,013$21,243$18,755$16,528$14,543$12,532
13 years$21,938$19,197$16,756$14,592$12,682$10,769
14 years$20,161$17,450$15,055$12,953$11,117$9,300
15 years$18,623$15,941$13,593$11,552$9,788$8,064
16 years$17,278$14,625$12,324$10,343$8,651$7,018
17 years$16,093$13,469$11,214$9,294$7,670$6,125
18 years$15,041$12,446$10,237$8,375$6,820$5,359
19 years$14,100$11,535$9,372$7,568$6,079$4,699
20 years$13,255$10,719$8,601$6,854$5,430$4,128
21 years$12,491$9,984$7,911$6,221$4,859$3,633
22 years$11,797$9,320$7,291$5,656$4,355$3,201
23 years$11,165$8,717$6,732$5,151$3,910$2,825
24 years$10,586$8,167$6,226$4,698$3,514$2,495
25 years$10,055$7,664$5,767$4,290$3,162$2,206
26 years$9,565$7,203$5,348$3,923$2,848$1,952
27 years$9,112$6,779$4,966$3,591$2,568$1,728
28 years$8,692$6,388$4,617$3,290$2,317$1,531
29 years$8,302$6,026$4,296$3,017$2,092$1,357
30 years$7,939$5,691$4,002$2,769$1,891$1,204
31 years$7,599$5,380$3,731$2,543$1,709$1,068
32 years$7,282$5,091$3,481$2,337$1,546$949
33 years$6,984$4,821$3,250$2,149$1,399$842
34 years$6,705$4,569$3,037$1,977$1,267$748
35 years$6,442$4,334$2,839$1,820$1,147$665
36 years$6,194$4,113$2,656$1,676$1,040$591
37 years$5,960$3,907$2,486$1,545$942$525
38 years$5,739$3,713$2,328$1,424$854$467
39 years$5,530$3,531$2,181$1,313$775$415
40 years$5,332$3,359$2,044$1,211$703$369
41 years$5,144$3,197$1,917$1,117$637$329
42 years$4,965$3,045$1,798$1,031$578$292
43 years$4,795$2,901$1,687$952$525$260
44 years$4,634$2,766$1,584$879$477$231
45 years$4,480$2,637$1,487$812$433$206
46 years$4,333$2,516$1,397$750$393$183
47 years$4,193$2,401$1,312$693$357$163
48 years$4,059$2,292$1,233$640$324$145
49 years$3,930$2,189$1,159$591$294$129
50 years$3,808$2,091$1,090$547$267$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $3,900,000, adding $2,138 every year, while hoping to spend $22,717 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: 43/48/9 Blend
73$3,900,000$3,900,000$3,900,000$3,900,000
74$4,300,005$4,093,305$4,032,855$4,473,622
75$4,714,435$4,269,707$4,143,785$4,771,001
76$5,170,375$4,453,990$4,257,670$5,090,490
77$5,672,036$4,646,518$4,374,585$5,436,078
78$6,224,056$4,847,670$4,494,606$5,810,163
79$6,831,547$5,057,843$4,617,812$6,215,374
80$7,500,140$5,277,452$4,744,283$6,654,595
81$8,236,040$5,506,933$4,874,103$7,130,995
82$9,046,085$5,746,741$5,007,354$7,648,050
83$9,937,808$5,997,354$5,144,123$8,209,579
84$10,919,511$6,259,272$5,284,498$8,819,775
85$12,000,342$6,533,016$5,428,569$9,483,245
86$13,190,379$6,819,136$5,576,428$10,205,049
87$14,500,729$7,118,205$5,728,170$10,990,748
88$15,943,630$7,430,824$5,883,890$11,846,453
89$17,532,567$7,757,621$6,043,687$12,778,880
90$19,282,401$8,099,257$6,207,663$13,795,411
91$21,209,505$8,456,420$6,375,919$14,904,163
92$23,331,923$8,829,833$6,548,561$16,114,060
93$25,669,538$9,220,254$6,725,697$17,434,914
94$28,244,260$9,628,474$6,907,436$18,877,517
95$31,080,230$10,055,325$7,093,891$20,453,737
96$34,204,053$10,501,676$7,285,176$22,176,631
97$37,645,046$10,968,438$7,481,409$24,060,559
98$41,435,514$11,456,565$7,682,709$26,121,322
99$45,611,056$11,967,056$7,889,200$28,376,303
100$50,210,901$12,500,959$8,101,005$30,844,630