Can I retire at age 74 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$388,122$384,664$381,291$377,999$374,785$373,205
2 years$192,139$188,561$185,093$181,730$178,469$176,875
3 years$126,821$123,227$119,767$116,436$113,228$111,668
4 years$94,168$90,585$87,160$83,886$80,755$79,241
5 years$74,581$71,019$67,640$64,432$61,389$59,926
6 years$61,527$57,993$54,663$51,527$48,575$47,164
7 years$52,207$48,702$45,425$42,363$39,504$38,147
8 years$45,220$41,747$38,524$35,538$32,773$31,469
9 years$39,788$36,348$33,181$30,270$27,599$26,349
10 years$35,446$32,039$28,928$26,093$23,516$22,318
11 years$31,895$28,522$25,468$22,709$20,225$19,079
12 years$28,938$25,600$22,602$19,919$17,526$16,431
13 years$26,438$23,135$20,193$17,585$15,283$14,238
14 years$24,297$21,029$18,144$15,610$13,397$12,401
15 years$22,443$19,211$16,381$13,922$11,796$10,847
16 years$20,823$17,625$14,852$12,465$10,425$9,523
17 years$19,394$16,232$13,515$11,200$9,244$8,386
18 years$18,126$14,999$12,337$10,093$8,219$7,405
19 years$16,993$13,901$11,294$9,120$7,326$6,554
20 years$15,974$12,918$10,365$8,260$6,544$5,813
21 years$15,053$12,032$9,534$7,497$5,856$5,164
22 years$14,217$11,232$8,787$6,816$5,249$4,595
23 years$13,455$10,505$8,113$6,208$4,712$4,095
24 years$12,758$9,842$7,503$5,662$4,235$3,653
25 years$12,117$9,237$6,950$5,171$3,811$3,262
26 years$11,527$8,681$6,445$4,728$3,433$2,916
27 years$10,981$8,170$5,985$4,327$3,095$2,608
28 years$10,475$7,698$5,564$3,965$2,793$2,335
29 years$10,005$7,262$5,178$3,636$2,522$2,092
30 years$9,567$6,859$4,823$3,337$2,278$1,875
31 years$9,158$6,484$4,496$3,065$2,060$1,682
32 years$8,776$6,135$4,195$2,816$1,863$1,509
33 years$8,417$5,810$3,917$2,590$1,686$1,355
34 years$8,080$5,506$3,660$2,383$1,527$1,216
35 years$7,763$5,223$3,422$2,194$1,383$1,093
36 years$7,465$4,957$3,201$2,020$1,253$982
37 years$7,183$4,708$2,996$1,861$1,136$882
38 years$6,917$4,474$2,806$1,716$1,030$793
39 years$6,664$4,255$2,629$1,582$934$713
40 years$6,426$4,048$2,464$1,459$847$641
41 years$6,199$3,853$2,310$1,346$768$577
42 years$5,984$3,670$2,167$1,242$697$519
43 years$5,779$3,497$2,033$1,147$633$467
44 years$5,584$3,333$1,909$1,059$574$420
45 years$5,399$3,178$1,792$978$521$378
46 years$5,222$3,032$1,683$903$473$340
47 years$5,053$2,893$1,581$835$430$306
48 years$4,891$2,762$1,486$771$390$276
49 years$4,737$2,638$1,397$713$355$248
50 years$4,589$2,520$1,313$659$322$224

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,700,000, adding $6,366 every year, while hoping to spend $53,043 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: 78/17/5 Blend
73$4,700,000$4,700,000$4,700,000$4,700,000
74$5,185,967$4,936,867$4,864,017$5,588,801
75$5,658,498$5,122,336$4,970,524$6,039,191
76$6,177,449$5,315,115$5,078,821$6,525,395
77$6,747,500$5,515,507$5,188,913$7,056,977
78$7,373,805$5,723,826$5,300,801$7,638,424
79$8,062,042$5,940,402$5,414,486$8,274,676
80$8,818,466$6,165,578$5,529,967$8,971,172
81$9,649,969$6,399,711$5,647,241$9,733,898
82$10,564,144$6,643,175$5,766,302$10,569,447
83$11,569,357$6,896,360$5,887,143$11,485,081
84$12,674,822$7,159,673$6,009,754$12,488,791
85$13,890,695$7,433,538$6,134,121$13,589,383
86$15,228,163$7,718,399$6,260,231$14,796,549
87$16,699,552$8,014,717$6,388,065$16,120,969
88$18,318,443$8,322,975$6,517,603$17,574,399
89$20,099,801$8,643,677$6,648,819$19,169,793
90$22,060,113$8,977,349$6,781,686$20,921,414
91$24,217,546$9,324,540$6,916,174$22,844,975
92$26,592,116$9,685,824$7,052,247$24,957,781
93$29,205,881$10,061,798$7,189,866$27,278,898
94$32,083,144$10,453,089$7,328,989$29,829,324
95$35,250,682$10,860,348$7,469,568$32,632,191
96$38,738,003$11,284,257$7,611,550$35,712,982
97$42,577,622$11,725,527$7,754,879$39,099,768
98$46,805,364$12,184,903$7,899,492$42,823,474
99$51,460,708$12,663,160$8,045,322$46,918,170
100$56,587,154$13,161,109$8,192,295$51,421,388