Can I retire at age 74 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$396,380$392,849$389,404$386,042$382,759$375,491
2 years$196,227$192,573$189,031$185,597$182,266$174,973
3 years$129,519$125,849$122,316$118,914$115,637$108,545
4 years$96,171$92,512$89,014$85,671$82,473$75,637
5 years$76,168$72,531$69,079$65,803$62,695$56,134
6 years$62,836$59,227$55,826$52,623$49,608$43,330
7 years$53,318$49,738$46,392$43,265$40,345$34,351
8 years$46,182$42,635$39,344$36,294$33,470$27,759
9 years$40,635$37,121$33,887$30,914$28,187$22,754
10 years$36,200$32,721$29,543$26,648$24,016$18,858
11 years$32,574$29,129$26,009$23,192$20,655$15,765
12 years$29,554$26,145$23,083$20,342$17,899$13,270
13 years$27,001$23,627$20,623$17,959$15,608$11,233
14 years$24,814$21,477$18,530$15,942$13,682$9,553
15 years$22,921$19,619$16,730$14,218$12,047$8,155
16 years$21,266$18,000$15,168$12,730$10,647$6,983
17 years$19,807$16,578$13,802$11,438$9,440$5,996
18 years$18,512$15,318$12,600$10,308$8,394$5,161
19 years$17,354$14,197$11,534$9,314$7,482$4,450
20 years$16,314$13,193$10,586$8,436$6,683$3,843
21 years$15,373$12,288$9,737$7,656$5,980$3,324
22 years$14,520$11,471$8,974$6,961$5,361$2,878
23 years$13,742$10,728$8,286$6,340$4,812$2,495
24 years$13,029$10,052$7,663$5,782$4,325$2,164
25 years$12,375$9,433$7,098$5,281$3,892$1,879
26 years$11,772$8,866$6,583$4,828$3,506$1,633
27 years$11,215$8,344$6,113$4,419$3,161$1,419
28 years$10,698$7,862$5,682$4,049$2,852$1,234
29 years$10,218$7,417$5,288$3,713$2,575$1,074
30 years$9,771$7,005$4,926$3,408$2,327$935
31 years$9,353$6,622$4,592$3,130$2,104$814
32 years$8,962$6,265$4,284$2,876$1,903$709
33 years$8,596$5,933$4,000$2,645$1,722$618
34 years$8,252$5,624$3,738$2,434$1,559$538
35 years$7,928$5,334$3,494$2,240$1,412$469
36 years$7,624$5,063$3,269$2,063$1,280$409
37 years$7,336$4,808$3,060$1,901$1,160$356
38 years$7,064$4,570$2,865$1,752$1,051$311
39 years$6,806$4,345$2,684$1,616$953$271
40 years$6,562$4,134$2,516$1,490$865$236
41 years$6,331$3,935$2,359$1,375$785$206
42 years$6,111$3,748$2,213$1,269$712$180
43 years$5,902$3,571$2,077$1,171$646$157
44 years$5,703$3,404$1,949$1,082$586$137
45 years$5,513$3,246$1,830$999$532$119
46 years$5,333$3,096$1,719$923$483$104
47 years$5,160$2,955$1,615$852$439$91
48 years$4,995$2,821$1,518$788$399$79
49 years$4,837$2,694$1,427$728$362$69
50 years$4,686$2,573$1,341$673$329$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,800,000, adding $6,381 every year, while hoping to spend $59,818 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: 42/36/22 Blend
73$4,800,000$4,800,000$4,800,000$4,800,000
74$5,296,182$5,041,782$4,967,382$5,484,250
75$5,772,747$5,225,183$5,070,143$5,802,213
76$6,295,916$5,415,567$5,174,342$6,140,081
77$6,870,381$5,613,211$5,279,964$6,504,760
78$7,501,308$5,818,406$5,386,991$6,898,748
79$8,194,389$6,031,456$5,495,403$7,324,789
80$8,955,895$6,252,675$5,605,177$7,785,899
81$9,792,733$6,482,393$5,716,288$8,285,394
82$10,712,514$6,720,953$5,828,706$8,826,919
83$11,723,622$6,968,711$5,942,398$9,414,482
84$12,835,293$7,226,039$6,057,330$10,052,492
85$14,057,704$7,493,327$6,173,462$10,745,796
86$15,402,067$7,770,977$6,290,751$11,499,727
87$16,880,736$8,059,413$6,409,149$12,320,150
88$18,507,320$8,359,073$6,528,604$13,213,520
89$20,296,815$8,670,416$6,649,061$14,186,937
90$22,265,743$8,993,920$6,770,458$15,248,216
91$24,432,310$9,330,083$6,892,729$16,405,956
92$26,816,574$9,679,425$7,015,804$17,669,621
93$29,440,636$10,042,488$7,139,604$19,049,628
94$32,328,848$10,419,838$7,264,049$20,557,443
95$35,508,045$10,812,063$7,389,048$22,205,689
96$39,007,791$11,219,780$7,514,507$24,008,260
97$42,860,666$11,643,630$7,640,323$25,980,455
98$47,102,568$12,084,281$7,766,388$28,139,117
99$51,773,052$12,542,434$7,892,584$30,502,791
100$56,915,705$13,018,815$8,018,788$33,091,899