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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$404,637$401,033$397,517$394,084$390,733$384,418
2 years$200,316$196,585$192,969$189,464$186,063$179,719
3 years$132,217$128,470$124,864$121,391$118,046$111,869
4 years$98,175$94,439$90,869$87,456$84,192$78,230
5 years$77,754$74,042$70,518$67,174$64,001$58,272
6 years$64,145$60,461$56,989$53,720$50,642$45,151
7 years$54,429$50,775$47,358$44,166$41,185$35,936
8 years$47,144$43,523$40,163$37,050$34,167$29,157
9 years$41,482$37,895$34,593$31,558$28,774$24,001
10 years$36,954$33,402$30,159$27,203$24,517$19,977
11 years$33,252$29,736$26,551$23,675$21,085$16,773
12 years$30,170$26,690$23,564$20,766$18,272$14,183
13 years$27,563$24,120$21,053$18,334$15,934$12,062
14 years$25,331$21,924$18,916$16,274$13,967$10,306
15 years$23,398$20,028$17,078$14,514$12,298$8,840
16 years$21,709$18,375$15,484$12,996$10,869$7,608
17 years$20,220$16,923$14,090$11,676$9,637$6,565
18 years$18,897$15,638$12,862$10,523$8,569$5,679
19 years$17,716$14,493$11,775$9,508$7,638$4,922
20 years$16,654$13,467$10,806$8,612$6,822$4,273
21 years$15,694$12,544$9,940$7,816$6,105$3,715
22 years$14,822$11,710$9,161$7,106$5,472$3,235
23 years$14,028$10,952$8,459$6,472$4,912$2,819
24 years$13,301$10,261$7,823$5,903$4,415$2,459
25 years$12,633$9,630$7,245$5,391$3,973$2,147
26 years$12,017$9,050$6,720$4,929$3,579$1,876
27 years$11,448$8,517$6,240$4,512$3,227$1,640
28 years$10,921$8,026$5,801$4,134$2,911$1,434
29 years$10,431$7,571$5,398$3,791$2,629$1,255
30 years$9,974$7,150$5,028$3,479$2,375$1,099
31 years$9,548$6,760$4,688$3,195$2,148$962
32 years$9,149$6,396$4,374$2,936$1,943$843
33 years$8,775$6,057$4,084$2,700$1,758$739
34 years$8,424$5,741$3,816$2,484$1,592$648
35 years$8,094$5,445$3,567$2,287$1,442$568
36 years$7,782$5,168$3,337$2,106$1,306$498
37 years$7,489$4,908$3,123$1,941$1,184$436
38 years$7,211$4,665$2,925$1,789$1,073$383
39 years$6,948$4,436$2,740$1,649$973$336
40 years$6,699$4,220$2,569$1,521$883$295
41 years$6,463$4,017$2,408$1,404$801$258
42 years$6,238$3,826$2,259$1,295$727$227
43 years$6,025$3,645$2,120$1,196$660$199
44 years$5,822$3,475$1,990$1,104$599$175
45 years$5,628$3,314$1,869$1,020$544$153
46 years$5,444$3,161$1,755$942$493$135
47 years$5,268$3,017$1,649$870$448$118
48 years$5,099$2,880$1,549$804$407$104
49 years$4,938$2,750$1,456$743$370$91
50 years$4,784$2,627$1,369$687$336$80

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 $5,508 every year, while hoping to spend $42,144 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: 54/39/7 Blend
73$4,900,000$4,900,000$4,900,000$4,900,000
74$5,405,482$5,145,782$5,069,832$5,688,227
75$5,912,000$5,353,084$5,194,830$6,087,365
76$6,468,770$5,569,132$5,322,603$6,516,427
77$7,080,875$5,794,309$5,453,200$6,982,360
78$7,753,911$6,029,017$5,586,669$7,488,662
79$8,494,046$6,273,675$5,723,059$8,039,180
80$9,308,076$6,528,723$5,862,419$8,638,140
81$10,203,488$6,794,618$6,004,798$9,290,189
82$11,188,530$7,071,841$6,150,246$10,000,435
83$12,272,292$7,360,893$6,298,811$10,774,496
84$13,464,788$7,662,298$6,450,542$11,618,550
85$14,777,050$7,976,605$6,605,490$12,539,390
86$16,221,237$8,304,387$6,763,702$13,544,489
87$17,810,745$8,646,243$6,925,227$14,642,067
88$19,560,333$9,002,801$7,090,114$15,841,169
89$21,486,265$9,374,716$7,258,411$17,151,744
90$23,606,462$9,762,675$7,430,166$18,584,741
91$25,940,669$10,167,395$7,605,425$20,152,208
92$28,510,646$10,589,625$7,784,235$21,867,402
93$31,340,367$11,030,152$7,966,642$23,744,916
94$34,456,251$11,489,797$8,152,691$25,800,810
95$37,887,409$11,969,417$8,342,427$28,052,762
96$41,665,919$12,469,913$8,535,892$30,520,233
97$45,827,128$12,992,224$8,733,130$33,224,644
98$50,409,986$13,537,333$8,934,180$36,189,579
99$55,457,412$14,106,270$9,139,083$39,441,004
100$61,016,702$14,700,112$9,347,877$43,007,506