Can I retire at age 74 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$363,348$360,111$356,954$353,872$350,862$345,192
2 years$179,875$176,525$173,278$170,131$167,077$161,380
3 years$118,726$115,361$112,123$109,004$106,001$100,454
4 years$88,157$84,803$81,597$78,531$75,601$70,247
5 years$69,820$66,486$63,322$60,320$57,470$52,325
6 years$57,600$54,291$51,174$48,238$45,474$40,544
7 years$48,875$45,594$42,526$39,659$36,983$32,269
8 years$42,334$39,082$36,065$33,269$30,681$26,182
9 years$37,249$34,028$31,063$28,338$25,838$21,552
10 years$33,183$29,994$27,081$24,428$22,015$17,938
11 years$29,859$26,702$23,842$21,259$18,934$15,062
12 years$27,091$23,966$21,159$18,647$16,407$12,736
13 years$24,751$21,658$18,904$16,463$14,308$10,831
14 years$22,746$19,687$16,986$14,614$12,542$9,254
15 years$21,011$17,984$15,336$13,033$11,043$7,938
16 years$19,494$16,500$13,904$11,670$9,760$6,831
17 years$18,156$15,196$12,652$10,485$8,654$5,895
18 years$16,969$14,042$11,550$9,449$7,694$5,099
19 years$15,908$13,014$10,573$8,538$6,858$4,420
20 years$14,954$12,093$9,704$7,733$6,126$3,837
21 years$14,092$11,264$8,925$7,018$5,482$3,336
22 years$13,310$10,515$8,226$6,381$4,914$2,905
23 years$12,597$9,834$7,595$5,811$4,411$2,531
24 years$11,944$9,214$7,024$5,300$3,965$2,208
25 years$11,344$8,647$6,506$4,841$3,568$1,928
26 years$10,791$8,127$6,034$4,426$3,214$1,684
27 years$10,280$7,648$5,603$4,051$2,897$1,473
28 years$9,807$7,207$5,209$3,712$2,614$1,288
29 years$9,367$6,799$4,847$3,404$2,361$1,127
30 years$8,956$6,421$4,515$3,124$2,133$987
31 years$8,574$6,070$4,209$2,869$1,928$864
32 years$8,216$5,743$3,927$2,637$1,744$757
33 years$7,880$5,439$3,667$2,425$1,579$663
34 years$7,564$5,155$3,426$2,231$1,429$581
35 years$7,268$4,889$3,203$2,054$1,295$510
36 years$6,988$4,641$2,997$1,891$1,173$447
37 years$6,724$4,408$2,805$1,743$1,063$392
38 years$6,475$4,189$2,627$1,606$964$344
39 years$6,239$3,983$2,461$1,481$874$302
40 years$6,015$3,790$2,306$1,366$793$265
41 years$5,803$3,607$2,163$1,260$719$232
42 years$5,602$3,436$2,029$1,163$653$204
43 years$5,410$3,273$1,904$1,074$592$179
44 years$5,228$3,120$1,787$991$538$157
45 years$5,054$2,975$1,678$916$488$138
46 years$4,888$2,838$1,576$846$443$121
47 years$4,730$2,709$1,481$781$402$106
48 years$4,579$2,586$1,391$722$365$93
49 years$4,434$2,469$1,308$667$332$82
50 years$4,296$2,359$1,229$617$301$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,400,000, adding $3,360 every year, while hoping to spend $55,329 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: 61/14/25 Blend
73$4,400,000$4,400,000$4,400,000$4,400,000
74$4,852,266$4,619,066$4,550,866$5,115,708
75$5,288,327$4,786,530$4,644,450$5,462,439
76$5,767,013$4,960,346$4,739,315$5,834,402
77$6,292,611$5,140,767$4,835,446$6,239,202
78$6,869,848$5,328,054$4,932,823$6,680,050
79$7,503,927$5,522,484$5,031,428$7,160,479
80$8,200,583$5,724,341$5,131,236$7,684,380
81$8,966,133$5,933,924$5,232,222$8,256,038
82$9,807,535$6,151,543$5,334,358$8,880,167
83$10,732,456$6,377,521$5,437,612$9,561,961
84$11,749,342$6,612,195$5,541,948$10,307,138
85$12,867,499$6,855,917$5,647,327$11,121,996
86$14,097,180$7,109,053$5,753,709$12,013,470
87$15,449,680$7,371,984$5,861,045$12,989,196
88$16,937,444$7,645,108$5,969,287$14,057,588
89$18,574,185$7,928,840$6,078,380$15,227,908
90$20,375,011$8,223,612$6,188,264$16,510,363
91$22,356,568$8,529,875$6,298,877$17,916,191
92$24,537,198$8,848,099$6,410,150$19,457,775
93$26,937,111$9,178,774$6,522,009$21,148,752
94$29,578,574$9,522,412$6,634,374$23,004,146
95$32,486,123$9,879,545$6,747,160$25,040,508
96$35,686,794$10,250,729$6,860,276$27,276,069
97$39,210,377$10,636,545$6,973,626$29,730,914
98$43,089,697$11,037,597$7,087,103$32,427,173
99$47,360,922$11,454,516$7,200,598$35,389,222
100$52,063,910$11,887,960$7,313,991$38,643,920