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%17.1%
1 years$379,864$376,480$373,179$369,957$366,810$356,211
2 years$188,051$184,549$181,155$177,864$174,672$164,077
3 years$124,122$120,605$117,219$113,959$110,819$100,561
4 years$92,164$88,657$85,306$82,101$79,037$69,194
5 years$72,994$69,508$66,201$63,062$60,083$50,683
6 years$60,218$56,759$53,500$50,431$47,541$38,592
7 years$51,096$47,666$44,459$41,462$38,664$30,166
8 years$44,258$40,859$37,704$34,781$32,075$24,023
9 years$38,942$35,575$32,475$29,626$27,012$19,398
10 years$34,692$31,357$28,312$25,538$23,016$15,829
11 years$31,216$27,916$24,926$22,226$19,794$13,023
12 years$28,322$25,056$22,121$19,495$17,153$10,785
13 years$25,876$22,643$19,764$17,211$14,958$8,978
14 years$23,780$20,582$17,758$15,278$13,112$7,505
15 years$21,966$18,802$16,033$13,625$11,545$6,296
16 years$20,380$17,250$14,536$12,200$10,203$5,297
17 years$18,982$15,887$13,227$10,962$9,047$4,467
18 years$17,740$14,680$12,075$9,879$8,044$3,774
19 years$16,631$13,605$11,054$8,926$7,170$3,194
20 years$15,634$12,643$10,145$8,084$6,404$2,707
21 years$14,733$11,776$9,331$7,337$5,731$2,297
22 years$13,915$10,993$8,600$6,671$5,137$1,950
23 years$13,169$10,281$7,941$6,075$4,611$1,658
24 years$12,487$9,633$7,344$5,541$4,145$1,410
25 years$11,860$9,040$6,802$5,061$3,730$1,200
26 years$11,282$8,496$6,308$4,627$3,360$1,022
27 years$10,748$7,996$5,858$4,235$3,029$871
28 years$10,252$7,534$5,446$3,880$2,733$742
29 years$9,792$7,108$5,068$3,558$2,468$632
30 years$9,364$6,713$4,720$3,266$2,230$539
31 years$8,963$6,346$4,401$2,999$2,016$460
32 years$8,589$6,004$4,106$2,756$1,824$392
33 years$8,238$5,686$3,834$2,535$1,650$335
34 years$7,908$5,389$3,582$2,332$1,494$286
35 years$7,598$5,112$3,349$2,147$1,353$244
36 years$7,306$4,852$3,133$1,977$1,226$208
37 years$7,030$4,608$2,932$1,822$1,111$178
38 years$6,769$4,379$2,746$1,679$1,008$152
39 years$6,523$4,164$2,573$1,548$914$129
40 years$6,289$3,962$2,411$1,428$829$110
41 years$6,067$3,771$2,261$1,318$752$94
42 years$5,856$3,592$2,121$1,216$682$81
43 years$5,656$3,422$1,990$1,122$619$69
44 years$5,465$3,262$1,868$1,036$562$59
45 years$5,284$3,111$1,754$957$510$50
46 years$5,110$2,967$1,648$884$463$43
47 years$4,945$2,832$1,548$817$421$37
48 years$4,787$2,703$1,455$755$382$31
49 years$4,636$2,582$1,367$698$347$27
50 years$4,491$2,466$1,285$645$315$23

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 $6,829 every year, while hoping to spend $35,579 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: 48/38/14 Blend
73$4,600,000$4,600,000$4,600,000$4,600,000
74$5,076,244$4,832,444$4,761,144$5,299,820
75$5,556,165$5,031,378$4,882,787$5,653,823
76$6,083,846$5,238,867$5,007,312$6,033,758
77$6,664,120$5,455,294$5,134,778$6,445,504
78$7,302,313$5,681,056$5,265,247$6,892,045
79$8,004,293$5,916,572$5,398,777$7,376,661
80$8,776,525$6,162,278$5,535,430$7,902,954
81$9,626,133$6,418,632$5,675,269$8,474,884
82$10,560,964$6,686,110$5,818,356$9,096,802
83$11,589,666$6,965,213$5,964,754$9,773,490
84$12,721,768$7,256,465$6,114,529$10,510,206
85$13,967,767$7,560,411$6,267,745$11,312,732
86$15,339,233$7,877,624$6,424,468$12,187,423
87$16,848,910$8,208,703$6,584,763$13,141,272
88$18,510,845$8,554,276$6,748,699$14,181,965
89$20,340,512$8,914,996$6,916,341$15,317,962
90$22,354,965$9,291,551$7,087,759$16,558,565
91$24,572,993$9,684,659$7,263,021$17,914,009
92$27,015,301$10,095,070$7,442,195$19,395,557
93$29,704,704$10,523,571$7,625,351$21,015,599
94$32,666,343$10,970,985$7,812,559$22,787,774
95$35,927,919$11,438,172$8,003,888$24,727,086
96$39,519,958$11,926,034$8,199,410$26,850,053
97$43,476,098$12,435,515$8,399,195$29,174,854
98$47,833,406$12,967,600$8,603,314$31,721,500
99$52,632,725$13,523,324$8,811,837$34,512,018
100$57,919,065$14,103,769$9,024,835$37,570,657