Can I retire at age 74 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$379,864$376,480$373,179$369,957$366,810$354,785
2 years$188,051$184,549$181,155$177,864$174,672$162,671
3 years$124,122$120,605$117,219$113,959$110,819$99,219
4 years$92,164$88,657$85,306$82,101$79,037$67,928
5 years$72,994$69,508$66,201$63,062$60,083$49,493
6 years$60,218$56,759$53,500$50,431$47,541$37,481
7 years$51,096$47,666$44,459$41,462$38,664$29,131
8 years$44,258$40,859$37,704$34,781$32,075$23,063
9 years$38,942$35,575$32,475$29,626$27,012$18,509
10 years$34,692$31,357$28,312$25,538$23,016$15,009
11 years$31,216$27,916$24,926$22,226$19,794$12,270
12 years$28,322$25,056$22,121$19,495$17,153$10,094
13 years$25,876$22,643$19,764$17,211$14,958$8,346
14 years$23,780$20,582$17,758$15,278$13,112$6,929
15 years$21,966$18,802$16,033$13,625$11,545$5,771
16 years$20,380$17,250$14,536$12,200$10,203$4,820
17 years$18,982$15,887$13,227$10,962$9,047$4,035
18 years$17,740$14,680$12,075$9,879$8,044$3,384
19 years$16,631$13,605$11,054$8,926$7,170$2,843
20 years$15,634$12,643$10,145$8,084$6,404$2,391
21 years$14,733$11,776$9,331$7,337$5,731$2,013
22 years$13,915$10,993$8,600$6,671$5,137$1,696
23 years$13,169$10,281$7,941$6,075$4,611$1,430
24 years$12,487$9,633$7,344$5,541$4,145$1,207
25 years$11,860$9,040$6,802$5,061$3,730$1,019
26 years$11,282$8,496$6,308$4,627$3,360$861
27 years$10,748$7,996$5,858$4,235$3,029$727
28 years$10,252$7,534$5,446$3,880$2,733$615
29 years$9,792$7,108$5,068$3,558$2,468$520
30 years$9,364$6,713$4,720$3,266$2,230$440
31 years$8,963$6,346$4,401$2,999$2,016$372
32 years$8,589$6,004$4,106$2,756$1,824$315
33 years$8,238$5,686$3,834$2,535$1,650$266
34 years$7,908$5,389$3,582$2,332$1,494$225
35 years$7,598$5,112$3,349$2,147$1,353$191
36 years$7,306$4,852$3,133$1,977$1,226$161
37 years$7,030$4,608$2,932$1,822$1,111$137
38 years$6,769$4,379$2,746$1,679$1,008$116
39 years$6,523$4,164$2,573$1,548$914$98
40 years$6,289$3,962$2,411$1,428$829$83
41 years$6,067$3,771$2,261$1,318$752$70
42 years$5,856$3,592$2,121$1,216$682$59
43 years$5,656$3,422$1,990$1,122$619$50
44 years$5,465$3,262$1,868$1,036$562$43
45 years$5,284$3,111$1,754$957$510$36
46 years$5,110$2,967$1,648$884$463$31
47 years$4,945$2,832$1,548$817$421$26
48 years$4,787$2,703$1,455$755$382$22
49 years$4,636$2,582$1,367$698$347$19
50 years$4,491$2,466$1,285$645$315$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,600,000, adding $6,136 every year, while hoping to spend $49,088 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: 29/44/27 Blend
73$4,600,000$4,600,000$4,600,000$4,600,000
74$5,075,529$4,831,729$4,760,429$5,180,164
75$5,541,004$5,016,255$4,867,674$5,447,540
76$6,052,312$5,208,177$4,976,867$5,730,096
77$6,614,076$5,407,806$5,088,021$6,032,885
78$7,231,390$5,615,466$5,201,147$6,357,686
79$7,909,864$5,831,497$5,316,258$6,706,454
80$8,655,680$6,056,250$5,433,362$7,081,328
81$9,475,648$6,290,095$5,552,469$7,484,659
82$10,377,271$6,533,416$5,673,583$7,919,022
83$11,368,816$6,786,616$5,796,711$8,387,249
84$12,459,389$7,050,115$5,921,855$8,892,442
85$13,659,026$7,324,350$6,049,017$9,438,013
86$14,978,782$7,609,779$6,178,195$10,027,705
87$16,430,840$7,906,880$6,309,386$10,665,631
88$18,028,620$8,216,151$6,442,585$11,356,309
89$19,786,912$8,538,115$6,577,784$12,104,704
90$21,722,010$8,873,316$6,714,973$12,916,273
91$23,851,868$9,222,321$6,854,137$13,797,010
92$26,196,269$9,585,726$6,995,262$14,753,510
93$28,777,012$9,964,150$7,138,326$15,793,018
94$31,618,115$10,358,241$7,283,308$16,923,504
95$34,746,045$10,768,677$7,430,181$18,153,732
96$38,189,965$11,196,165$7,578,915$19,493,339
97$41,982,009$11,641,445$7,729,477$20,952,927
98$46,157,587$12,105,288$7,881,827$22,544,158
99$50,755,715$12,588,502$8,035,923$24,279,862
100$55,819,390$13,091,931$8,191,718$26,174,156