Can I retire at age 74 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$330,316$327,374$324,503$321,702$318,966$317,355
2 years$163,523$160,477$157,526$154,664$151,888$150,263
3 years$107,932$104,874$101,930$99,095$96,364$94,774
4 years$80,143$77,093$74,179$71,392$68,728$67,185
5 years$63,473$60,442$57,566$54,836$52,246$50,755
6 years$52,364$49,356$46,522$43,853$41,340$39,904
7 years$44,431$41,449$38,660$36,054$33,621$32,240
8 years$38,485$35,529$32,787$30,245$27,892$26,565
9 years$33,863$30,935$28,239$25,762$23,489$22,217
10 years$30,167$27,267$24,619$22,207$20,014$18,796
11 years$27,145$24,274$21,675$19,327$17,212$16,048
12 years$24,628$21,787$19,236$16,952$14,916$13,804
13 years$22,501$19,689$17,186$14,966$13,007$11,947
14 years$20,678$17,897$15,441$13,285$11,402$10,392
15 years$19,101$16,349$13,942$11,848$10,039$9,078
16 years$17,722$15,000$12,640$10,609$8,873$7,959
17 years$16,506$13,815$11,502$9,532$7,867$6,999
18 years$15,426$12,765$10,500$8,590$6,995$6,172
19 years$14,462$11,831$9,612$7,762$6,235$5,455
20 years$13,595$10,994$8,821$7,030$5,569$4,831
21 years$12,811$10,240$8,114$6,380$4,984$4,285
22 years$12,100$9,559$7,478$5,801$4,467$3,808
23 years$11,451$8,940$6,905$5,283$4,010$3,388
24 years$10,858$8,376$6,386$4,818$3,604$3,017
25 years$10,313$7,861$5,915$4,400$3,243$2,690
26 years$9,810$7,388$5,486$4,024$2,921$2,401
27 years$9,346$6,953$5,094$3,683$2,634$2,145
28 years$8,915$6,552$4,735$3,374$2,377$1,917
29 years$8,515$6,181$4,407$3,094$2,146$1,715
30 years$8,142$5,837$4,105$2,840$1,939$1,535
31 years$7,794$5,518$3,827$2,608$1,753$1,374
32 years$7,469$5,221$3,570$2,397$1,586$1,231
33 years$7,163$4,945$3,334$2,204$1,435$1,103
34 years$6,877$4,686$3,115$2,028$1,299$989
35 years$6,607$4,445$2,912$1,867$1,177$887
36 years$6,353$4,219$2,724$1,719$1,066$795
37 years$6,113$4,007$2,550$1,584$966$714
38 years$5,886$3,808$2,388$1,460$876$641
39 years$5,672$3,621$2,237$1,346$795$575
40 years$5,469$3,445$2,097$1,242$721$516
41 years$5,276$3,279$1,966$1,146$654$464
42 years$5,093$3,123$1,844$1,057$593$416
43 years$4,918$2,976$1,731$976$538$374
44 years$4,753$2,837$1,624$901$489$336
45 years$4,595$2,705$1,525$832$444$302
46 years$4,444$2,580$1,433$769$403$271
47 years$4,300$2,462$1,346$710$366$244
48 years$4,163$2,351$1,265$656$332$219
49 years$4,031$2,245$1,189$607$302$197
50 years$3,905$2,144$1,118$561$274$177

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,000,000, adding $4,095 every year, while hoping to spend $59,628 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: 29/42/29 Blend
73$4,000,000$4,000,000$4,000,000$4,000,000
74$4,412,224$4,200,224$4,138,224$4,500,628
75$4,798,827$4,342,591$4,213,411$4,713,489
76$5,222,865$4,489,936$4,289,118$4,936,731
77$5,688,094$4,642,439$4,365,300$5,175,554
78$6,198,649$4,800,289$4,441,907$5,431,351
79$6,759,088$4,963,680$4,518,888$5,705,646
80$7,374,430$5,132,814$4,596,185$6,000,117
81$8,050,202$5,307,902$4,673,737$6,316,604
82$8,792,496$5,489,163$4,751,481$6,657,131
83$9,608,021$5,676,822$4,829,346$7,023,921
84$10,504,168$5,871,116$4,907,258$7,419,419
85$11,489,080$6,072,287$4,985,138$7,846,309
86$12,571,728$6,280,591$5,062,902$8,307,547
87$13,761,995$6,496,291$5,140,460$8,806,379
88$15,070,770$6,719,661$5,217,717$9,346,378
89$16,510,049$6,950,985$5,294,571$9,931,473
90$18,093,049$7,190,558$5,370,914$10,565,985
91$19,834,334$7,438,689$5,446,633$11,254,671
92$21,749,946$7,695,695$5,521,606$12,002,761
93$23,857,565$7,961,909$5,595,705$12,816,014
94$26,176,669$8,237,674$5,668,793$13,700,765
95$28,728,719$8,523,350$5,740,727$14,663,987
96$31,537,362$8,819,308$5,811,355$15,713,357
97$34,628,653$9,125,934$5,880,515$16,857,323
98$38,031,302$9,443,631$5,948,039$18,105,187
99$41,776,943$9,772,817$6,013,746$19,467,190
100$45,900,432$10,113,926$6,077,448$20,954,604