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%15.7%
1 years$346,832$343,743$340,729$337,787$334,914$327,083
2 years$171,699$168,501$165,402$162,397$159,483$151,638
3 years$113,329$110,117$107,026$104,050$101,182$93,569
4 years$84,150$80,948$77,888$74,962$72,164$64,840
5 years$66,647$63,464$60,444$57,578$54,858$47,844
6 years$54,982$51,823$48,848$46,046$43,407$36,711
7 years$46,653$43,521$40,593$37,857$35,302$28,923
8 years$40,409$37,306$34,426$31,757$29,286$23,224
9 years$35,556$32,481$29,651$27,050$24,663$18,912
10 years$31,675$28,631$25,850$23,317$21,014$15,568
11 years$28,502$25,488$22,758$20,293$18,073$12,923
12 years$25,860$22,877$20,197$17,800$15,662$10,801
13 years$23,626$20,674$18,045$15,714$13,657$9,076
14 years$21,712$18,792$16,214$13,950$11,972$7,661
15 years$20,056$17,167$14,639$12,441$10,541$6,490
16 years$18,608$15,750$13,272$11,139$9,316$5,515
17 years$17,331$14,505$12,077$10,008$8,260$4,698
18 years$16,198$13,404$11,025$9,020$7,345$4,011
19 years$15,185$12,422$10,093$8,150$6,547$3,430
20 years$14,274$11,543$9,263$7,381$5,847$2,938
21 years$13,452$10,752$8,520$6,699$5,233$2,520
22 years$12,705$10,037$7,852$6,091$4,690$2,163
23 years$12,024$9,387$7,250$5,547$4,210$1,859
24 years$11,401$8,795$6,705$5,059$3,784$1,599
25 years$10,828$8,254$6,210$4,621$3,405$1,376
26 years$10,301$7,757$5,760$4,225$3,067$1,185
27 years$9,813$7,301$5,348$3,867$2,766$1,021
28 years$9,361$6,879$4,972$3,543$2,495$880
29 years$8,941$6,490$4,627$3,249$2,253$759
30 years$8,549$6,129$4,310$2,982$2,036$655
31 years$8,184$5,794$4,018$2,739$1,841$565
32 years$7,842$5,482$3,749$2,517$1,665$488
33 years$7,522$5,192$3,500$2,314$1,507$421
34 years$7,221$4,921$3,270$2,129$1,364$363
35 years$6,937$4,667$3,058$1,960$1,236$314
36 years$6,671$4,430$2,860$1,805$1,120$271
37 years$6,419$4,207$2,677$1,663$1,015$234
38 years$6,181$3,998$2,507$1,533$920$202
39 years$5,956$3,802$2,349$1,414$834$175
40 years$5,742$3,617$2,202$1,304$757$151
41 years$5,540$3,443$2,064$1,203$687$130
42 years$5,347$3,279$1,937$1,110$623$113
43 years$5,164$3,125$1,817$1,025$565$97
44 years$4,990$2,978$1,706$946$513$84
45 years$4,824$2,840$1,602$874$466$73
46 years$4,666$2,709$1,504$807$423$63
47 years$4,515$2,586$1,413$746$384$54
48 years$4,371$2,468$1,328$689$349$47
49 years$4,233$2,357$1,248$637$317$41
50 years$4,101$2,252$1,174$589$288$35

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 $3,502 every year, while hoping to spend $49,427 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: 28/47/25 Blend
73$4,200,000$4,200,000$4,200,000$4,200,000
74$4,632,012$4,409,412$4,344,312$4,725,471
75$5,051,888$4,572,884$4,437,257$4,963,009
76$5,512,934$4,742,708$4,531,658$5,213,488
77$6,019,298$4,919,146$4,627,514$5,481,590
78$6,575,548$5,102,466$4,724,817$5,768,856
79$7,186,718$5,292,951$4,823,563$6,076,975
80$7,858,352$5,490,894$4,923,741$6,407,803
81$8,596,558$5,696,602$5,025,340$6,763,370
82$9,408,065$5,910,394$5,128,348$7,145,909
83$10,300,289$6,132,604$5,232,748$7,557,868
84$11,281,396$6,363,579$5,338,523$8,001,933
85$12,360,385$6,603,682$5,445,651$8,481,054
86$13,547,173$6,853,291$5,554,108$8,998,472
87$14,852,683$7,112,801$5,663,870$9,557,746
88$16,288,952$7,382,623$5,774,904$10,162,784
89$17,869,241$7,663,187$5,887,179$10,817,882
90$19,608,162$7,954,942$6,000,658$11,527,761
91$21,521,815$8,258,354$6,115,301$12,297,608
92$23,627,939$8,573,913$6,231,063$13,133,127
93$25,946,082$8,902,128$6,347,896$14,040,588
94$28,497,780$9,243,530$6,465,749$15,026,885
95$31,306,766$9,598,675$6,584,563$16,099,600
96$34,399,187$9,968,141$6,704,277$17,267,072
97$37,803,858$10,352,534$6,824,824$18,538,471
98$41,552,528$10,752,484$6,946,132$19,923,888
99$45,680,182$11,168,652$7,068,123$21,434,422
100$50,225,369$11,601,724$7,190,714$23,082,286