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

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$346,832$343,743$340,729$337,787$334,914$330,318
2 years$171,699$168,501$165,402$162,397$159,483$154,861
3 years$113,329$110,117$107,026$104,050$101,182$96,678
4 years$84,150$80,948$77,888$74,962$72,164$67,812
5 years$66,647$63,464$60,444$57,578$54,858$50,670
6 years$54,982$51,823$48,848$46,046$43,407$39,389
7 years$46,653$43,521$40,593$37,857$35,302$31,455
8 years$40,409$37,306$34,426$31,757$29,286$25,610
9 years$35,556$32,481$29,651$27,050$24,663$21,156
10 years$31,675$28,631$25,850$23,317$21,014$17,674
11 years$28,502$25,488$22,758$20,293$18,073$14,895
12 years$25,860$22,877$20,197$17,800$15,662$12,644
13 years$23,626$20,674$18,045$15,714$13,657$10,795
14 years$21,712$18,792$16,214$13,950$11,972$9,260
15 years$20,056$17,167$14,639$12,441$10,541$7,976
16 years$18,608$15,750$13,272$11,139$9,316$6,893
17 years$17,331$14,505$12,077$10,008$8,260$5,974
18 years$16,198$13,404$11,025$9,020$7,345$5,190
19 years$15,185$12,422$10,093$8,150$6,547$4,518
20 years$14,274$11,543$9,263$7,381$5,847$3,940
21 years$13,452$10,752$8,520$6,699$5,233$3,441
22 years$12,705$10,037$7,852$6,091$4,690$3,010
23 years$12,024$9,387$7,250$5,547$4,210$2,635
24 years$11,401$8,795$6,705$5,059$3,784$2,309
25 years$10,828$8,254$6,210$4,621$3,405$2,026
26 years$10,301$7,757$5,760$4,225$3,067$1,778
27 years$9,813$7,301$5,348$3,867$2,766$1,562
28 years$9,361$6,879$4,972$3,543$2,495$1,373
29 years$8,941$6,490$4,627$3,249$2,253$1,208
30 years$8,549$6,129$4,310$2,982$2,036$1,062
31 years$8,184$5,794$4,018$2,739$1,841$935
32 years$7,842$5,482$3,749$2,517$1,665$823
33 years$7,522$5,192$3,500$2,314$1,507$725
34 years$7,221$4,921$3,270$2,129$1,364$639
35 years$6,937$4,667$3,058$1,960$1,236$563
36 years$6,671$4,430$2,860$1,805$1,120$496
37 years$6,419$4,207$2,677$1,663$1,015$437
38 years$6,181$3,998$2,507$1,533$920$385
39 years$5,956$3,802$2,349$1,414$834$340
40 years$5,742$3,617$2,202$1,304$757$300
41 years$5,540$3,443$2,064$1,203$687$264
42 years$5,347$3,279$1,937$1,110$623$233
43 years$5,164$3,125$1,817$1,025$565$206
44 years$4,990$2,978$1,706$946$513$181
45 years$4,824$2,840$1,602$874$466$160
46 years$4,666$2,709$1,504$807$423$141
47 years$4,515$2,586$1,413$746$384$125
48 years$4,371$2,468$1,328$689$349$110
49 years$4,233$2,357$1,248$637$317$97
50 years$4,101$2,252$1,174$589$288$86

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 $3,613 every year, while hoping to spend $59,953 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: 39/35/26 Blend
73$4,200,000$4,200,000$4,200,000$4,200,000
74$4,632,127$4,409,527$4,344,427$4,776,900
75$5,040,814$4,561,804$4,426,176$5,034,852
76$5,489,178$4,719,534$4,508,654$5,307,755
77$5,981,203$4,882,919$4,591,822$5,601,689
78$6,521,276$5,052,173$4,675,638$5,918,606
79$7,114,232$5,227,514$4,760,057$6,260,652
80$7,765,394$5,409,173$4,845,030$6,630,186
81$8,480,628$5,597,386$4,930,502$7,029,803
82$9,266,395$5,792,402$5,016,418$7,462,356
83$10,129,815$5,994,477$5,102,715$7,930,981
84$11,078,728$6,203,878$5,189,328$8,439,129
85$12,121,774$6,420,884$5,276,186$8,990,597
86$13,268,470$6,645,782$5,363,213$9,589,561
87$14,529,303$6,878,875$5,450,330$10,240,616
88$15,915,826$7,120,474$5,537,450$10,948,820
89$17,440,767$7,370,904$5,624,481$11,719,738
90$19,118,150$7,630,503$5,711,326$12,559,495
91$20,963,426$7,899,622$5,797,881$13,474,834
92$22,993,620$8,178,629$5,884,035$14,473,175
93$25,227,490$8,467,902$5,969,670$15,562,688
94$27,685,703$8,767,838$6,054,663$16,752,369
95$30,391,031$9,078,848$6,138,881$18,052,121
96$33,368,566$9,401,362$6,222,183$19,472,846
97$36,645,956$9,735,825$6,304,423$21,026,553
98$40,253,665$10,082,701$6,385,442$22,726,461
99$44,225,259$10,442,474$6,465,074$24,587,130
100$48,597,725$10,815,645$6,543,144$26,624,595