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%19.8%
1 years$379,864$376,480$373,179$369,957$366,810$352,396
2 years$188,051$184,549$181,155$177,864$174,672$160,326
3 years$124,122$120,605$117,219$113,959$110,819$96,993
4 years$92,164$88,657$85,306$82,101$79,037$65,837
5 years$72,994$69,508$66,201$63,062$60,083$47,541
6 years$60,218$56,759$53,500$50,431$47,541$35,667
7 years$51,096$47,666$44,459$41,462$38,664$27,453
8 years$44,258$40,859$37,704$34,781$32,075$21,517
9 years$38,942$35,575$32,475$29,626$27,012$17,089
10 years$34,692$31,357$28,312$25,538$23,016$13,710
11 years$31,216$27,916$24,926$22,226$19,794$11,084
12 years$28,322$25,056$22,121$19,495$17,153$9,015
13 years$25,876$22,643$19,764$17,211$14,958$7,368
14 years$23,780$20,582$17,758$15,278$13,112$6,045
15 years$21,966$18,802$16,033$13,625$11,545$4,975
16 years$20,380$17,250$14,536$12,200$10,203$4,104
17 years$18,982$15,887$13,227$10,962$9,047$3,393
18 years$17,740$14,680$12,075$9,879$8,044$2,809
19 years$16,631$13,605$11,054$8,926$7,170$2,330
20 years$15,634$12,643$10,145$8,084$6,404$1,934
21 years$14,733$11,776$9,331$7,337$5,731$1,607
22 years$13,915$10,993$8,600$6,671$5,137$1,336
23 years$13,169$10,281$7,941$6,075$4,611$1,112
24 years$12,487$9,633$7,344$5,541$4,145$926
25 years$11,860$9,040$6,802$5,061$3,730$771
26 years$11,282$8,496$6,308$4,627$3,360$642
27 years$10,748$7,996$5,858$4,235$3,029$535
28 years$10,252$7,534$5,446$3,880$2,733$446
29 years$9,792$7,108$5,068$3,558$2,468$372
30 years$9,364$6,713$4,720$3,266$2,230$310
31 years$8,963$6,346$4,401$2,999$2,016$259
32 years$8,589$6,004$4,106$2,756$1,824$216
33 years$8,238$5,686$3,834$2,535$1,650$180
34 years$7,908$5,389$3,582$2,332$1,494$150
35 years$7,598$5,112$3,349$2,147$1,353$125
36 years$7,306$4,852$3,133$1,977$1,226$105
37 years$7,030$4,608$2,932$1,822$1,111$87
38 years$6,769$4,379$2,746$1,679$1,008$73
39 years$6,523$4,164$2,573$1,548$914$61
40 years$6,289$3,962$2,411$1,428$829$51
41 years$6,067$3,771$2,261$1,318$752$42
42 years$5,856$3,592$2,121$1,216$682$35
43 years$5,656$3,422$1,990$1,122$619$30
44 years$5,465$3,262$1,868$1,036$562$25
45 years$5,284$3,111$1,754$957$510$21
46 years$5,110$2,967$1,648$884$463$17
47 years$4,945$2,832$1,548$817$421$14
48 years$4,787$2,703$1,455$755$382$12
49 years$4,636$2,582$1,367$698$347$10
50 years$4,491$2,466$1,285$645$315$8

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 $4,239 every year, while hoping to spend $55,298 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: 61/30/9 Blend
73$4,600,000$4,600,000$4,600,000$4,600,000
74$5,073,573$4,829,773$4,758,473$5,372,746
75$5,532,240$5,007,595$4,859,045$5,751,440
76$6,035,839$5,192,277$4,961,133$6,157,732
77$6,588,893$5,384,097$5,064,729$6,599,660
78$7,196,386$5,583,344$5,169,824$7,080,666
79$7,863,810$5,790,320$5,276,405$7,604,533
80$8,597,212$6,005,340$5,384,459$8,175,426
81$9,403,258$6,228,731$5,493,968$8,797,926
82$10,289,288$6,460,836$5,604,913$9,477,075
83$11,263,390$6,702,012$5,717,273$10,218,419
84$12,334,475$6,952,630$5,831,021$11,028,063
85$13,512,361$7,213,078$5,946,129$11,912,727
86$14,807,863$7,483,761$6,062,567$12,879,807
87$16,232,901$7,765,101$6,180,298$13,937,442
88$17,800,603$8,057,537$6,299,284$15,094,595
89$19,525,437$8,361,529$6,419,483$16,361,131
90$21,423,343$8,677,555$6,540,847$17,747,912
91$23,511,884$9,006,116$6,663,325$19,266,898
92$25,810,413$9,347,732$6,786,863$20,931,255
93$28,340,251$9,702,947$6,911,399$22,755,484
94$31,124,893$10,072,328$7,036,868$24,755,550
95$34,190,229$10,456,468$7,163,199$26,949,036
96$37,564,782$10,855,985$7,290,316$29,355,306
97$41,279,985$11,271,524$7,418,137$31,995,683
98$45,370,472$11,703,757$7,546,573$34,893,653
99$49,874,406$12,153,387$7,675,530$38,075,084
100$54,833,840$12,621,148$7,804,905$41,568,465