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%
1 years$404,637$401,033$397,517$394,084$390,733$389,086
2 years$200,316$196,585$192,969$189,464$186,063$184,401
3 years$132,217$128,470$124,864$121,391$118,046$116,420
4 years$98,175$94,439$90,869$87,456$84,192$82,613
5 years$77,754$74,042$70,518$67,174$64,001$62,476
6 years$64,145$60,461$56,989$53,720$50,642$49,171
7 years$54,429$50,775$47,358$44,166$41,185$39,771
8 years$47,144$43,523$40,163$37,050$34,167$32,808
9 years$41,482$37,895$34,593$31,558$28,774$27,470
10 years$36,954$33,402$30,159$27,203$24,517$23,268
11 years$33,252$29,736$26,551$23,675$21,085$19,890
12 years$30,170$26,690$23,564$20,766$18,272$17,130
13 years$27,563$24,120$21,053$18,334$15,934$14,844
14 years$25,331$21,924$18,916$16,274$13,967$12,929
15 years$23,398$20,028$17,078$14,514$12,298$11,309
16 years$21,709$18,375$15,484$12,996$10,869$9,928
17 years$20,220$16,923$14,090$11,676$9,637$8,743
18 years$18,897$15,638$12,862$10,523$8,569$7,721
19 years$17,716$14,493$11,775$9,508$7,638$6,833
20 years$16,654$13,467$10,806$8,612$6,822$6,060
21 years$15,694$12,544$9,940$7,816$6,105$5,384
22 years$14,822$11,710$9,161$7,106$5,472$4,791
23 years$14,028$10,952$8,459$6,472$4,912$4,269
24 years$13,301$10,261$7,823$5,903$4,415$3,808
25 years$12,633$9,630$7,245$5,391$3,973$3,401
26 years$12,017$9,050$6,720$4,929$3,579$3,040
27 years$11,448$8,517$6,240$4,512$3,227$2,719
28 years$10,921$8,026$5,801$4,134$2,911$2,435
29 years$10,431$7,571$5,398$3,791$2,629$2,181
30 years$9,974$7,150$5,028$3,479$2,375$1,955
31 years$9,548$6,760$4,688$3,195$2,148$1,753
32 years$9,149$6,396$4,374$2,936$1,943$1,573
33 years$8,775$6,057$4,084$2,700$1,758$1,412
34 years$8,424$5,741$3,816$2,484$1,592$1,268
35 years$8,094$5,445$3,567$2,287$1,442$1,139
36 years$7,782$5,168$3,337$2,106$1,306$1,023
37 years$7,489$4,908$3,123$1,941$1,184$920
38 years$7,211$4,665$2,925$1,789$1,073$827
39 years$6,948$4,436$2,740$1,649$973$744
40 years$6,699$4,220$2,569$1,521$883$669
41 years$6,463$4,017$2,408$1,404$801$602
42 years$6,238$3,826$2,259$1,295$727$541
43 years$6,025$3,645$2,120$1,196$660$487
44 years$5,822$3,475$1,990$1,104$599$438
45 years$5,628$3,314$1,869$1,020$544$394
46 years$5,444$3,161$1,755$942$493$355
47 years$5,268$3,017$1,649$870$448$320
48 years$5,099$2,880$1,549$804$407$288
49 years$4,938$2,750$1,456$743$370$259
50 years$4,784$2,627$1,369$687$336$233

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 $6,694 every year, while hoping to spend $34,646 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: 44/29/27 Blend
73$4,900,000$4,900,000$4,900,000$4,900,000
74$5,406,705$5,147,005$5,071,055$5,601,955
75$5,921,326$5,362,345$5,204,072$5,957,093
76$6,487,277$5,587,076$5,340,384$6,337,993
77$7,109,757$5,821,620$5,480,065$6,750,231
78$7,794,495$6,066,422$5,623,190$7,196,740
79$8,547,801$6,321,945$5,769,835$7,680,744
80$9,376,630$6,588,674$5,920,078$8,205,782
81$10,288,644$6,867,116$6,073,998$8,775,747
82$11,292,285$7,157,804$6,231,676$9,394,917
83$12,396,854$7,461,292$6,393,193$10,067,994
84$13,612,601$7,778,164$6,558,633$10,800,147
85$14,950,819$8,109,027$6,728,080$11,597,062
86$16,423,952$8,454,518$6,901,620$12,464,990
87$18,045,711$8,815,306$7,079,341$13,410,807
88$19,831,205$9,192,087$7,261,330$14,442,076
89$21,797,082$9,585,593$7,447,678$15,567,117
90$23,961,685$9,996,589$7,638,476$16,795,082
91$26,345,229$10,425,873$7,833,817$18,136,043
92$28,969,988$10,874,286$8,033,795$19,601,080
93$31,860,504$11,342,704$8,238,505$21,202,388
94$35,043,823$11,832,044$8,448,043$22,953,387
95$38,549,748$12,343,269$8,662,507$24,868,847
96$42,411,118$12,877,385$8,881,997$26,965,027
97$46,664,121$13,435,446$9,106,612$29,259,820
98$51,348,632$14,018,554$9,336,455$31,772,926
99$56,508,595$14,627,865$9,571,628$34,526,032
100$62,192,428$15,264,587$9,812,235$37,543,013