Can I retire at age 74 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$346,832$343,743$340,729$337,787$334,914$328,960
2 years$171,699$168,501$165,402$162,397$159,483$153,504
3 years$113,329$110,117$107,026$104,050$101,182$95,366
4 years$84,150$80,948$77,888$74,962$72,164$66,554
5 years$66,647$63,464$60,444$57,578$54,858$49,471
6 years$54,982$51,823$48,848$46,046$43,407$38,249
7 years$46,653$43,521$40,593$37,857$35,302$30,374
8 years$40,409$37,306$34,426$31,757$29,286$24,588
9 years$35,556$32,481$29,651$27,050$24,663$20,191
10 years$31,675$28,631$25,850$23,317$21,014$16,765
11 years$28,502$25,488$22,758$20,293$18,073$14,041
12 years$25,860$22,877$20,197$17,800$15,662$11,842
13 years$23,626$20,674$18,045$15,714$13,657$10,044
14 years$21,712$18,792$16,214$13,950$11,972$8,559
15 years$20,056$17,167$14,639$12,441$10,541$7,322
16 years$18,608$15,750$13,272$11,139$9,316$6,283
17 years$17,331$14,505$12,077$10,008$8,260$5,407
18 years$16,198$13,404$11,025$9,020$7,345$4,663
19 years$15,185$12,422$10,093$8,150$6,547$4,030
20 years$14,274$11,543$9,263$7,381$5,847$3,488
21 years$13,452$10,752$8,520$6,699$5,233$3,024
22 years$12,705$10,037$7,852$6,091$4,690$2,624
23 years$12,024$9,387$7,250$5,547$4,210$2,280
24 years$11,401$8,795$6,705$5,059$3,784$1,983
25 years$10,828$8,254$6,210$4,621$3,405$1,726
26 years$10,301$7,757$5,760$4,225$3,067$1,503
27 years$9,813$7,301$5,348$3,867$2,766$1,310
28 years$9,361$6,879$4,972$3,543$2,495$1,142
29 years$8,941$6,490$4,627$3,249$2,253$996
30 years$8,549$6,129$4,310$2,982$2,036$869
31 years$8,184$5,794$4,018$2,739$1,841$759
32 years$7,842$5,482$3,749$2,517$1,665$662
33 years$7,522$5,192$3,500$2,314$1,507$578
34 years$7,221$4,921$3,270$2,129$1,364$505
35 years$6,937$4,667$3,058$1,960$1,236$441
36 years$6,671$4,430$2,860$1,805$1,120$386
37 years$6,419$4,207$2,677$1,663$1,015$337
38 years$6,181$3,998$2,507$1,533$920$295
39 years$5,956$3,802$2,349$1,414$834$258
40 years$5,742$3,617$2,202$1,304$757$225
41 years$5,540$3,443$2,064$1,203$687$197
42 years$5,347$3,279$1,937$1,110$623$172
43 years$5,164$3,125$1,817$1,025$565$151
44 years$4,990$2,978$1,706$946$513$132
45 years$4,824$2,840$1,602$874$466$115
46 years$4,666$2,709$1,504$807$423$101
47 years$4,515$2,586$1,413$746$384$88
48 years$4,371$2,468$1,328$689$349$77
49 years$4,233$2,357$1,248$637$317$67
50 years$4,101$2,252$1,174$589$288$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,200,000, adding $2,854 every year, while hoping to spend $28,300 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: 45/46/9 Blend
73$4,200,000$4,200,000$4,200,000$4,200,000
74$4,631,344$4,408,744$4,343,644$4,827,892
75$5,073,630$4,594,661$4,459,045$5,150,031
76$5,560,081$4,788,740$4,577,364$5,495,986
77$6,095,171$4,991,351$4,698,667$5,870,458
78$6,683,832$5,202,880$4,823,026$6,276,085
79$7,331,494$5,423,733$4,950,509$6,715,764
80$8,044,145$5,654,334$5,081,189$7,192,673
81$8,828,378$5,895,127$5,215,140$7,710,305
82$9,691,461$6,146,576$5,352,435$8,272,495
83$10,641,400$6,409,168$5,493,151$8,883,453
84$11,687,017$6,683,412$5,637,366$9,547,809
85$12,838,033$6,969,839$5,785,158$10,270,647
86$14,105,159$7,269,008$5,936,607$11,057,555
87$15,500,197$7,581,502$6,091,796$11,914,676
88$17,036,154$7,907,932$6,250,808$12,848,761
89$18,727,359$8,248,938$6,413,727$13,867,234
90$20,589,602$8,605,188$6,580,640$14,978,256
91$22,640,284$8,977,385$6,751,634$16,190,801
92$24,898,578$9,366,261$6,926,798$17,514,742
93$27,385,610$9,772,586$7,106,223$18,960,933
94$30,124,662$10,197,162$7,290,002$20,541,317
95$33,141,388$10,640,833$7,478,227$22,269,030
96$36,464,056$11,104,481$7,670,994$24,158,526
97$40,123,817$11,589,027$7,868,399$26,225,706
98$44,154,997$12,095,441$8,070,541$28,488,069
99$48,595,421$12,624,732$8,277,519$30,964,870
100$53,486,773$13,177,962$8,489,435$33,677,301