Can I retire at age 74 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$338,574$335,558$332,616$329,744$326,940$324,879
2 years$167,611$164,489$161,464$158,531$155,686$153,607
3 years$110,631$107,496$104,478$101,572$98,773$96,741
4 years$82,146$79,021$76,033$73,177$70,446$68,476
5 years$65,060$61,953$59,005$56,207$53,552$51,650
6 years$53,673$50,589$47,685$44,949$42,374$40,542
7 years$45,542$42,485$39,626$36,955$34,461$32,701
8 years$39,447$36,417$33,606$31,001$28,589$26,900
9 years$34,709$31,708$28,945$26,406$24,076$22,458
10 years$30,921$27,949$25,235$22,762$20,514$18,966
11 years$27,823$24,881$22,216$19,810$17,643$16,163
12 years$25,244$22,332$19,716$17,376$15,289$13,877
13 years$23,063$20,182$17,615$15,340$13,332$11,987
14 years$21,195$18,345$15,827$13,617$11,687$10,406
15 years$19,578$16,758$14,290$12,144$10,290$9,072
16 years$18,165$15,375$12,956$10,874$9,094$7,938
17 years$16,918$14,160$11,790$9,770$8,064$6,966
18 years$15,812$13,085$10,762$8,805$7,170$6,130
19 years$14,823$12,127$9,852$7,956$6,391$5,406
20 years$13,935$11,269$9,042$7,206$5,708$4,777
21 years$13,132$10,496$8,317$6,540$5,108$4,229
22 years$12,402$9,798$7,665$5,946$4,579$3,749
23 years$11,738$9,164$7,078$5,415$4,110$3,328
24 years$11,129$8,586$6,546$4,939$3,694$2,957
25 years$10,570$8,057$6,062$4,510$3,324$2,631
26 years$10,055$7,573$5,623$4,124$2,994$2,343
27 years$9,579$7,127$5,221$3,775$2,700$2,087
28 years$9,138$6,716$4,854$3,459$2,436$1,861
29 years$8,728$6,335$4,517$3,172$2,200$1,661
30 years$8,346$5,983$4,207$2,911$1,988$1,483
31 years$7,989$5,656$3,922$2,673$1,797$1,324
32 years$7,655$5,352$3,660$2,457$1,625$1,183
33 years$7,342$5,068$3,417$2,259$1,471$1,058
34 years$7,049$4,803$3,193$2,079$1,332$946
35 years$6,772$4,556$2,985$1,914$1,206$846
36 years$6,512$4,324$2,792$1,762$1,093$757
37 years$6,266$4,107$2,614$1,624$991$678
38 years$6,034$3,903$2,447$1,497$898$607
39 years$5,814$3,712$2,293$1,380$814$543
40 years$5,605$3,531$2,149$1,273$739$486
41 years$5,408$3,361$2,015$1,174$670$436
42 years$5,220$3,201$1,890$1,084$608$390
43 years$5,041$3,050$1,774$1,000$552$350
44 years$4,871$2,907$1,665$924$501$313
45 years$4,709$2,773$1,563$853$455$281
46 years$4,555$2,645$1,468$788$413$252
47 years$4,408$2,524$1,380$728$375$225
48 years$4,267$2,410$1,296$673$341$202
49 years$4,132$2,301$1,219$622$309$181
50 years$4,003$2,198$1,146$575$281$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,100,000, adding $4,494 every year, while hoping to spend $31,913 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: 48/40/12 Blend
73$4,100,000$4,100,000$4,100,000$4,100,000
74$4,522,836$4,305,536$4,241,986$4,724,756
75$4,950,210$4,482,552$4,350,137$5,041,310
76$5,420,106$4,667,172$4,460,842$5,381,140
77$5,936,829$4,859,735$4,574,152$5,749,398
78$6,505,119$5,060,596$4,690,120$6,148,748
79$7,130,202$5,270,125$4,808,799$6,582,113
80$7,817,831$5,488,711$4,930,243$7,052,710
81$8,574,350$5,716,758$5,054,506$7,564,068
82$9,406,746$5,954,691$5,181,644$8,120,070
83$10,322,717$6,202,953$5,311,712$8,724,981
84$11,330,746$6,462,010$5,444,766$9,383,489
85$12,440,180$6,732,347$5,580,864$10,100,750
86$13,661,318$7,014,472$5,720,063$10,882,432
87$15,005,508$7,308,916$5,862,420$11,734,768
88$16,485,253$7,616,236$6,007,994$12,664,612
89$18,114,332$7,937,014$6,156,845$13,679,504
90$19,907,925$8,271,859$6,309,031$14,787,739
91$21,882,762$8,621,409$6,464,611$15,998,438
92$24,057,275$8,986,329$6,623,647$17,321,640
93$26,451,776$9,367,319$6,786,199$18,768,390
94$29,088,648$9,765,108$6,952,327$20,350,840
95$31,992,552$10,180,460$7,122,092$22,082,365
96$35,190,665$10,614,176$7,295,555$23,977,684
97$38,712,935$11,067,092$7,472,778$26,052,995
98$42,592,360$11,540,085$7,653,821$28,326,130
99$46,865,303$12,034,072$7,838,747$30,816,716
100$51,571,835$12,550,013$8,027,616$33,546,359