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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$322,058$319,190$316,391$313,659$310,991$301,399
2 years$159,435$156,466$153,588$150,798$148,091$138,510
3 years$105,234$102,252$99,381$96,617$93,955$84,687
4 years$78,139$75,166$72,324$69,607$67,010$58,125
5 years$61,886$58,931$56,127$53,465$50,940$42,463
6 years$51,055$48,122$45,359$42,757$40,307$32,245
7 years$43,321$40,412$37,693$35,153$32,780$25,133
8 years$37,523$34,641$31,967$29,489$27,194$19,956
9 years$33,016$30,161$27,533$25,118$22,902$16,065
10 years$29,412$26,586$24,004$21,652$19,513$13,068
11 years$26,466$23,668$21,133$18,843$16,782$10,717
12 years$24,013$21,243$18,755$16,528$14,543$8,846
13 years$21,938$19,197$16,756$14,592$12,682$7,339
14 years$20,161$17,450$15,055$12,953$11,117$6,114
15 years$18,623$15,941$13,593$11,552$9,788$5,111
16 years$17,278$14,625$12,324$10,343$8,651$4,284
17 years$16,093$13,469$11,214$9,294$7,670$3,599
18 years$15,041$12,446$10,237$8,375$6,820$3,030
19 years$14,100$11,535$9,372$7,568$6,079$2,555
20 years$13,255$10,719$8,601$6,854$5,430$2,157
21 years$12,491$9,984$7,911$6,221$4,859$1,823
22 years$11,797$9,320$7,291$5,656$4,355$1,542
23 years$11,165$8,717$6,732$5,151$3,910$1,306
24 years$10,586$8,167$6,226$4,698$3,514$1,106
25 years$10,055$7,664$5,767$4,290$3,162$938
26 years$9,565$7,203$5,348$3,923$2,848$795
27 years$9,112$6,779$4,966$3,591$2,568$675
28 years$8,692$6,388$4,617$3,290$2,317$573
29 years$8,302$6,026$4,296$3,017$2,092$486
30 years$7,939$5,691$4,002$2,769$1,891$413
31 years$7,599$5,380$3,731$2,543$1,709$351
32 years$7,282$5,091$3,481$2,337$1,546$298
33 years$6,984$4,821$3,250$2,149$1,399$253
34 years$6,705$4,569$3,037$1,977$1,267$215
35 years$6,442$4,334$2,839$1,820$1,147$183
36 years$6,194$4,113$2,656$1,676$1,040$155
37 years$5,960$3,907$2,486$1,545$942$132
38 years$5,739$3,713$2,328$1,424$854$112
39 years$5,530$3,531$2,181$1,313$775$95
40 years$5,332$3,359$2,044$1,211$703$81
41 years$5,144$3,197$1,917$1,117$637$69
42 years$4,965$3,045$1,798$1,031$578$59
43 years$4,795$2,901$1,687$952$525$50
44 years$4,634$2,766$1,584$879$477$42
45 years$4,480$2,637$1,487$812$433$36
46 years$4,333$2,516$1,397$750$393$31
47 years$4,193$2,401$1,312$693$357$26
48 years$4,059$2,292$1,233$640$324$22
49 years$3,930$2,189$1,159$591$294$19
50 years$3,808$2,091$1,090$547$267$16

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 $6,991 every year, while hoping to spend $57,274 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: 49/43/8 Blend
73$3,900,000$3,900,000$3,900,000$3,900,000
74$4,305,011$4,098,311$4,037,861$4,506,564
75$4,683,183$4,238,189$4,112,190$4,785,034
76$5,098,009$4,383,002$4,187,090$5,080,687
77$5,553,168$4,532,930$4,262,519$5,400,474
78$6,052,709$4,688,163$4,338,432$5,746,664
79$6,601,098$4,848,895$4,414,782$6,121,753
80$7,203,249$5,015,330$4,491,516$6,528,480
81$7,864,578$5,187,678$4,568,579$6,969,863
82$8,591,050$5,366,160$4,645,912$7,449,215
83$9,389,237$5,551,002$4,723,450$7,970,184
84$10,266,379$5,742,441$4,801,126$8,536,779
85$11,230,453$5,940,723$4,878,866$9,153,413
86$12,290,244$6,146,103$4,956,593$9,824,939
87$13,455,433$6,358,847$5,034,223$10,556,698
88$14,736,687$6,579,230$5,111,670$11,354,567
89$16,145,756$6,807,540$5,188,838$12,225,011
90$17,695,587$7,044,073$5,265,627$13,175,150
91$19,400,444$7,289,139$5,341,933$14,212,815
92$21,276,043$7,543,061$5,417,642$15,346,629
93$23,339,701$7,806,173$5,492,634$16,586,086
94$25,610,498$8,078,823$5,566,785$17,941,633
95$28,109,456$8,361,372$5,639,959$19,424,774
96$30,859,738$8,654,196$5,712,015$21,048,177
97$33,886,866$8,957,688$5,782,803$22,825,786
98$37,218,965$9,272,252$5,852,165$24,772,958
99$40,887,019$9,598,313$5,919,933$26,906,602
100$44,925,175$9,936,310$5,985,930$29,245,340