Can I retire at age 74 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$404,637$401,033$397,517$394,084$390,733$388,433
2 years$200,316$196,585$192,969$189,464$186,063$183,743
3 years$132,217$128,470$124,864$121,391$118,046$115,778
4 years$98,175$94,439$90,869$87,456$84,192$81,992
5 years$77,754$74,042$70,518$67,174$64,001$61,877
6 years$64,145$60,461$56,989$53,720$50,642$48,596
7 years$54,429$50,775$47,358$44,166$41,185$39,218
8 years$47,144$43,523$40,163$37,050$34,167$32,279
9 years$41,482$37,895$34,593$31,558$28,774$26,965
10 years$36,954$33,402$30,159$27,203$24,517$22,785
11 years$33,252$29,736$26,551$23,675$21,085$19,430
12 years$30,170$26,690$23,564$20,766$18,272$16,693
13 years$27,563$24,120$21,053$18,334$15,934$14,428
14 years$25,331$21,924$18,916$16,274$13,967$12,533
15 years$23,398$20,028$17,078$14,514$12,298$10,934
16 years$21,709$18,375$15,484$12,996$10,869$9,573
17 years$20,220$16,923$14,090$11,676$9,637$8,408
18 years$18,897$15,638$12,862$10,523$8,569$7,403
19 years$17,716$14,493$11,775$9,508$7,638$6,534
20 years$16,654$13,467$10,806$8,612$6,822$5,778
21 years$15,694$12,544$9,940$7,816$6,105$5,118
22 years$14,822$11,710$9,161$7,106$5,472$4,541
23 years$14,028$10,952$8,459$6,472$4,912$4,034
24 years$13,301$10,261$7,823$5,903$4,415$3,588
25 years$12,633$9,630$7,245$5,391$3,973$3,194
26 years$12,017$9,050$6,720$4,929$3,579$2,846
27 years$11,448$8,517$6,240$4,512$3,227$2,538
28 years$10,921$8,026$5,801$4,134$2,911$2,265
29 years$10,431$7,571$5,398$3,791$2,629$2,023
30 years$9,974$7,150$5,028$3,479$2,375$1,807
31 years$9,548$6,760$4,688$3,195$2,148$1,616
32 years$9,149$6,396$4,374$2,936$1,943$1,445
33 years$8,775$6,057$4,084$2,700$1,758$1,293
34 years$8,424$5,741$3,816$2,484$1,592$1,157
35 years$8,094$5,445$3,567$2,287$1,442$1,036
36 years$7,782$5,168$3,337$2,106$1,306$928
37 years$7,489$4,908$3,123$1,941$1,184$831
38 years$7,211$4,665$2,925$1,789$1,073$744
39 years$6,948$4,436$2,740$1,649$973$667
40 years$6,699$4,220$2,569$1,521$883$598
41 years$6,463$4,017$2,408$1,404$801$536
42 years$6,238$3,826$2,259$1,295$727$481
43 years$6,025$3,645$2,120$1,196$660$431
44 years$5,822$3,475$1,990$1,104$599$386
45 years$5,628$3,314$1,869$1,020$544$347
46 years$5,444$3,161$1,755$942$493$311
47 years$5,268$3,017$1,649$870$448$279
48 years$5,099$2,880$1,549$804$407$250
49 years$4,938$2,750$1,456$743$370$224
50 years$4,784$2,627$1,369$687$336$201

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,900,000, adding $2,935 every year, while hoping to spend $44,512 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: 53/20/27 Blend
73$4,900,000$4,900,000$4,900,000$4,900,000
74$5,402,827$5,143,127$5,067,177$5,648,353
75$5,906,555$5,347,780$5,189,567$6,023,323
76$6,460,172$5,560,969$5,314,566$6,426,384
77$7,068,718$5,783,066$5,442,213$6,864,139
78$7,737,749$6,014,457$5,572,548$7,339,924
79$8,473,384$6,255,550$5,705,613$7,857,410
80$9,282,364$6,506,767$5,841,446$8,420,636
81$10,172,119$6,768,552$5,980,088$9,034,042
82$11,150,831$7,041,367$6,121,577$9,702,519
83$12,227,518$7,325,697$6,265,953$10,431,443
84$13,412,116$7,622,047$6,413,253$11,226,737
85$14,715,570$7,930,946$6,563,515$12,094,913
86$16,149,943$8,252,946$6,716,777$13,043,143
87$17,728,523$8,588,627$6,873,075$14,079,322
88$19,465,953$8,938,591$7,032,444$15,212,137
89$21,378,369$9,303,470$7,194,920$16,451,155
90$23,483,548$9,683,926$7,360,535$17,806,908
91$25,801,080$10,080,648$7,529,323$19,290,990
92$28,352,550$10,494,360$7,701,315$20,916,171
93$31,161,743$10,925,816$7,876,542$22,696,507
94$34,254,865$11,375,806$8,055,031$24,647,481
95$37,660,797$11,845,156$8,236,810$26,786,140
96$41,411,360$12,334,730$8,421,905$29,131,258
97$45,541,619$12,845,432$8,610,339$31,703,513
98$50,090,213$13,378,207$8,802,134$34,525,675
99$55,099,719$13,934,043$8,997,309$37,622,826
100$60,617,054$14,513,975$9,195,883$41,022,591