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%12.3%
1 years$338,574$335,558$332,616$329,744$326,940$323,795
2 years$167,611$164,489$161,464$158,531$155,686$152,518
3 years$110,631$107,496$104,478$101,572$98,773$95,680
4 years$82,146$79,021$76,033$73,177$70,446$67,452
5 years$65,060$61,953$59,005$56,207$53,552$50,666
6 years$53,673$50,589$47,685$44,949$42,374$39,599
7 years$45,542$42,485$39,626$36,955$34,461$31,799
8 years$39,447$36,417$33,606$31,001$28,589$26,039
9 years$34,709$31,708$28,945$26,406$24,076$21,637
10 years$30,921$27,949$25,235$22,762$20,514$18,185
11 years$27,823$24,881$22,216$19,810$17,643$15,422
12 years$25,244$22,332$19,716$17,376$15,289$13,174
13 years$23,063$20,182$17,615$15,340$13,332$11,321
14 years$21,195$18,345$15,827$13,617$11,687$9,777
15 years$19,578$16,758$14,290$12,144$10,290$8,478
16 years$18,165$15,375$12,956$10,874$9,094$7,377
17 years$16,918$14,160$11,790$9,770$8,064$6,439
18 years$15,812$13,085$10,762$8,805$7,170$5,634
19 years$14,823$12,127$9,852$7,956$6,391$4,940
20 years$13,935$11,269$9,042$7,206$5,708$4,340
21 years$13,132$10,496$8,317$6,540$5,108$3,819
22 years$12,402$9,798$7,665$5,946$4,579$3,366
23 years$11,738$9,164$7,078$5,415$4,110$2,969
24 years$11,129$8,586$6,546$4,939$3,694$2,623
25 years$10,570$8,057$6,062$4,510$3,324$2,319
26 years$10,055$7,573$5,623$4,124$2,994$2,052
27 years$9,579$7,127$5,221$3,775$2,700$1,817
28 years$9,138$6,716$4,854$3,459$2,436$1,610
29 years$8,728$6,335$4,517$3,172$2,200$1,427
30 years$8,346$5,983$4,207$2,911$1,988$1,266
31 years$7,989$5,656$3,922$2,673$1,797$1,123
32 years$7,655$5,352$3,660$2,457$1,625$997
33 years$7,342$5,068$3,417$2,259$1,471$886
34 years$7,049$4,803$3,193$2,079$1,332$787
35 years$6,772$4,556$2,985$1,914$1,206$699
36 years$6,512$4,324$2,792$1,762$1,093$621
37 years$6,266$4,107$2,614$1,624$991$552
38 years$6,034$3,903$2,447$1,497$898$491
39 years$5,814$3,712$2,293$1,380$814$437
40 years$5,605$3,531$2,149$1,273$739$388
41 years$5,408$3,361$2,015$1,174$670$345
42 years$5,220$3,201$1,890$1,084$608$307
43 years$5,041$3,050$1,774$1,000$552$273
44 years$4,871$2,907$1,665$924$501$243
45 years$4,709$2,773$1,563$853$455$216
46 years$4,555$2,645$1,468$788$413$193
47 years$4,408$2,524$1,380$728$375$171
48 years$4,267$2,410$1,296$673$341$153
49 years$4,132$2,301$1,219$622$309$136
50 years$4,003$2,198$1,146$575$281$121

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 $6,252 every year, while hoping to spend $36,012 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: 56/20/24 Blend
73$4,100,000$4,100,000$4,100,000$4,100,000
74$4,524,649$4,307,349$4,243,799$4,748,082
75$4,947,847$4,480,093$4,347,650$5,074,602
76$5,413,004$4,660,094$4,453,773$5,425,837
77$5,924,361$4,847,670$4,562,205$5,807,749
78$6,486,594$5,043,153$4,672,987$6,223,300
79$7,104,849$5,246,890$4,786,154$6,675,751
80$7,784,800$5,459,244$4,901,747$7,168,688
81$8,532,696$5,680,594$5,019,802$7,706,058
82$9,355,424$5,911,336$5,140,359$8,292,201
83$10,260,571$6,151,885$5,263,454$8,931,897
84$11,256,496$6,402,674$5,389,126$9,630,406
85$12,352,409$6,664,156$5,517,413$10,393,515
86$13,558,460$6,936,805$5,648,352$11,227,596
87$14,885,831$7,221,116$5,781,979$12,139,663
88$16,346,842$7,517,607$5,918,332$13,137,438
89$17,955,070$7,826,819$6,057,446$14,229,422
90$19,725,473$8,149,320$6,199,357$15,424,974
91$21,674,537$8,485,702$6,344,100$16,734,398
92$23,820,422$8,836,583$6,491,710$18,169,044
93$26,183,142$9,202,613$6,642,220$19,741,405
94$28,784,751$9,584,470$6,795,662$21,465,241
95$31,649,548$9,982,861$6,952,069$23,355,705
96$34,804,310$10,398,529$7,111,471$25,429,485
97$38,278,542$10,832,250$7,273,899$27,704,961
98$42,104,759$11,284,836$7,439,380$30,202,373
99$46,318,786$11,757,135$7,607,941$32,944,016
100$50,960,104$12,250,036$7,779,608$35,954,447