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

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$379,864$376,480$373,179$369,957$366,810$358,818
2 years$188,051$184,549$181,155$177,864$174,672$166,659
3 years$124,122$120,605$117,219$113,959$110,819$103,037
4 years$92,164$88,657$85,306$82,101$79,037$71,546
5 years$72,994$69,508$66,201$63,062$60,083$52,903
6 years$60,218$56,759$53,500$50,431$47,541$40,681
7 years$51,096$47,666$44,459$41,462$38,664$32,124
8 years$44,258$40,859$37,704$34,781$32,075$25,854
9 years$38,942$35,575$32,475$29,626$27,012$21,104
10 years$34,692$31,357$28,312$25,538$23,016$17,415
11 years$31,216$27,916$24,926$22,226$19,794$14,494
12 years$28,322$25,056$22,121$19,495$17,153$12,145
13 years$25,876$22,643$19,764$17,211$14,958$10,233
14 years$23,780$20,582$17,758$15,278$13,112$8,661
15 years$21,966$18,802$16,033$13,625$11,545$7,358
16 years$20,380$17,250$14,536$12,200$10,203$6,270
17 years$18,982$15,887$13,227$10,962$9,047$5,357
18 years$17,740$14,680$12,075$9,879$8,044$4,587
19 years$16,631$13,605$11,054$8,926$7,170$3,934
20 years$15,634$12,643$10,145$8,084$6,404$3,380
21 years$14,733$11,776$9,331$7,337$5,731$2,908
22 years$13,915$10,993$8,600$6,671$5,137$2,504
23 years$13,169$10,281$7,941$6,075$4,611$2,159
24 years$12,487$9,633$7,344$5,541$4,145$1,863
25 years$11,860$9,040$6,802$5,061$3,730$1,608
26 years$11,282$8,496$6,308$4,627$3,360$1,390
27 years$10,748$7,996$5,858$4,235$3,029$1,201
28 years$10,252$7,534$5,446$3,880$2,733$1,039
29 years$9,792$7,108$5,068$3,558$2,468$899
30 years$9,364$6,713$4,720$3,266$2,230$778
31 years$8,963$6,346$4,401$2,999$2,016$673
32 years$8,589$6,004$4,106$2,756$1,824$583
33 years$8,238$5,686$3,834$2,535$1,650$505
34 years$7,908$5,389$3,582$2,332$1,494$437
35 years$7,598$5,112$3,349$2,147$1,353$379
36 years$7,306$4,852$3,133$1,977$1,226$328
37 years$7,030$4,608$2,932$1,822$1,111$285
38 years$6,769$4,379$2,746$1,679$1,008$247
39 years$6,523$4,164$2,573$1,548$914$214
40 years$6,289$3,962$2,411$1,428$829$185
41 years$6,067$3,771$2,261$1,318$752$161
42 years$5,856$3,592$2,121$1,216$682$139
43 years$5,656$3,422$1,990$1,122$619$121
44 years$5,465$3,262$1,868$1,036$562$105
45 years$5,284$3,111$1,754$957$510$91
46 years$5,110$2,967$1,648$884$463$79
47 years$4,945$2,832$1,548$817$421$68
48 years$4,787$2,703$1,455$755$382$59
49 years$4,636$2,582$1,367$698$347$51
50 years$4,491$2,466$1,285$645$315$45

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 $2,001 every year, while hoping to spend $20,613 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: 73/6/21 Blend
73$4,600,000$4,600,000$4,600,000$4,600,000
74$5,071,264$4,827,464$4,756,164$5,415,549
75$5,566,601$5,042,078$4,893,563$5,859,383
76$6,111,771$5,266,517$5,034,875$6,342,804
77$6,711,836$5,501,240$5,180,208$6,871,909
78$7,372,373$5,746,730$5,329,674$7,451,237
79$8,099,526$6,003,491$5,483,389$8,085,788
80$8,900,067$6,272,052$5,641,472$8,781,070
81$9,781,456$6,552,964$5,804,043$9,543,145
82$10,751,915$6,846,810$5,971,229$10,378,690
83$11,820,502$7,154,195$6,143,157$11,295,059
84$12,997,199$7,475,757$6,319,959$12,300,352
85$14,293,007$7,812,162$6,501,771$13,403,487
86$15,720,044$8,164,109$6,688,731$14,614,289
87$17,291,668$8,532,330$6,880,983$15,943,581
88$19,022,595$8,917,591$7,078,673$17,403,281
89$20,929,043$9,320,696$7,281,951$19,006,519
90$23,028,882$9,742,486$7,490,973$20,767,758
91$25,341,804$10,183,845$7,705,897$22,702,930
92$27,889,510$10,645,695$7,926,886$24,829,584
93$30,695,911$11,129,005$8,154,108$27,167,055
94$33,787,358$11,634,790$8,387,734$29,736,642
95$37,192,887$12,164,113$8,627,942$32,561,807
96$40,944,495$12,718,088$8,874,912$35,668,403
97$45,077,442$13,297,883$9,128,830$39,084,907
98$49,630,583$13,904,721$9,389,888$42,842,695
99$54,646,734$14,539,885$9,658,281$46,976,335
100$60,173,079$15,204,717$9,934,211$51,523,912