Can I retire at age 74 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$355,090$351,927$348,841$345,829$342,888$332,712
2 years$175,787$172,513$169,340$166,264$163,280$153,112
3 years$116,027$112,739$109,574$106,527$103,592$93,750
4 years$86,153$82,875$79,742$76,747$73,882$64,443
5 years$68,234$64,975$61,883$58,949$56,164$47,153
6 years$56,291$53,057$50,011$47,142$44,441$35,865
7 years$47,764$44,557$41,559$38,758$36,142$28,002
8 years$41,371$38,194$35,245$32,513$29,984$22,274
9 years$36,402$33,255$30,357$27,694$25,250$17,964
10 years$32,429$29,312$26,466$23,872$21,515$14,640
11 years$29,181$26,095$23,300$20,776$18,503$12,030
12 years$26,475$23,422$20,678$18,223$16,035$9,949
13 years$24,188$21,166$18,475$16,089$13,982$8,271
14 years$22,229$19,239$16,600$14,282$12,257$6,905
15 years$20,533$17,576$14,987$12,737$10,792$5,784
16 years$19,051$16,125$13,588$11,404$9,538$4,859
17 years$17,744$14,851$12,365$10,247$8,457$4,091
18 years$16,583$13,723$11,287$9,234$7,520$3,452
19 years$15,546$12,718$10,333$8,344$6,702$2,917
20 years$14,614$11,818$9,483$7,557$5,987$2,468
21 years$13,772$11,008$8,723$6,859$5,357$2,091
22 years$13,007$10,276$8,039$6,236$4,802$1,773
23 years$12,310$9,611$7,423$5,679$4,311$1,505
24 years$11,672$9,005$6,865$5,180$3,875$1,278
25 years$11,086$8,450$6,358$4,731$3,487$1,086
26 years$10,546$7,942$5,897$4,325$3,141$923
27 years$10,047$7,474$5,476$3,959$2,831$785
28 years$9,584$7,043$5,090$3,627$2,555$668
29 years$9,154$6,644$4,737$3,326$2,307$569
30 years$8,753$6,275$4,412$3,053$2,085$484
31 years$8,379$5,932$4,114$2,804$1,885$412
32 years$8,029$5,613$3,838$2,577$1,705$351
33 years$7,701$5,315$3,584$2,369$1,543$299
34 years$7,393$5,038$3,348$2,180$1,397$255
35 years$7,103$4,778$3,130$2,007$1,265$217
36 years$6,829$4,535$2,928$1,848$1,146$185
37 years$6,572$4,307$2,741$1,703$1,039$157
38 years$6,328$4,094$2,567$1,570$942$134
39 years$6,097$3,893$2,405$1,447$854$114
40 years$5,879$3,704$2,254$1,335$775$97
41 years$5,671$3,525$2,114$1,232$703$83
42 years$5,475$3,357$1,983$1,137$638$71
43 years$5,287$3,199$1,860$1,049$579$60
44 years$5,109$3,049$1,746$969$525$51
45 years$4,939$2,908$1,640$895$477$44
46 years$4,777$2,774$1,540$826$433$37
47 years$4,623$2,647$1,447$764$393$32
48 years$4,475$2,527$1,360$706$357$27
49 years$4,334$2,413$1,278$652$324$23
50 years$4,198$2,305$1,202$603$295$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,300,000, adding $2,878 every year, while hoping to spend $23,398 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: 63/25/12 Blend
73$4,300,000$4,300,000$4,300,000$4,300,000
74$4,741,569$4,513,669$4,447,019$5,026,871
75$5,200,313$4,709,943$4,571,098$5,414,465
76$5,705,066$4,915,051$4,698,551$5,834,553
77$6,260,494$5,129,400$4,829,464$6,292,679
78$6,871,742$5,353,418$4,963,928$6,792,536
79$7,544,476$5,587,552$5,102,036$7,338,188
80$8,284,941$5,832,271$5,243,883$7,934,104
81$9,100,018$6,088,065$5,389,566$8,585,203
82$9,997,289$6,355,449$5,539,185$9,296,895
83$10,985,106$6,634,960$5,692,842$10,075,134
84$12,072,676$6,927,162$5,850,641$10,926,471
85$13,270,141$7,232,645$6,012,690$11,858,117
86$14,588,679$7,552,028$6,179,098$12,878,007
87$16,040,604$7,885,957$6,349,978$13,994,875
88$17,639,488$8,235,111$6,525,445$15,218,335
89$19,400,284$8,600,200$6,705,616$16,558,969
90$21,339,471$8,981,968$6,890,612$18,028,428
91$23,475,207$9,381,193$7,080,556$19,639,538
92$25,827,499$9,798,693$7,275,576$21,406,420
93$28,418,396$10,235,322$7,475,801$23,344,621
94$31,272,195$10,691,975$7,681,362$25,471,261
95$34,415,667$11,169,590$7,892,396$27,805,189
96$37,878,315$11,669,150$8,109,042$30,367,162
97$41,692,650$12,191,684$8,331,441$33,180,040
98$45,894,495$12,738,272$8,559,739$36,268,994
99$50,523,327$13,310,041$8,794,084$39,661,746
100$55,622,650$13,908,177$9,034,629$43,388,828