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%18.9%
1 years$404,637$401,033$397,517$394,084$390,733$376,719
2 years$200,316$196,585$192,969$189,464$186,063$172,097
3 years$132,217$128,470$124,864$121,391$118,046$104,565
4 years$98,175$94,439$90,869$87,456$84,192$71,299
5 years$77,754$74,042$70,518$67,174$64,001$51,731
6 years$64,145$60,461$56,989$53,720$50,642$39,004
7 years$54,429$50,775$47,358$44,166$41,185$30,176
8 years$47,144$43,523$40,163$37,050$34,167$23,777
9 years$41,482$37,895$34,593$31,558$28,774$18,990
10 years$36,954$33,402$30,159$27,203$24,517$15,322
11 years$33,252$29,736$26,551$23,675$21,085$12,460
12 years$30,170$26,690$23,564$20,766$18,272$10,196
13 years$27,563$24,120$21,053$18,334$15,934$8,384
14 years$25,331$21,924$18,916$16,274$13,967$6,922
15 years$23,398$20,028$17,078$14,514$12,298$5,733
16 years$21,709$18,375$15,484$12,996$10,869$4,761
17 years$20,220$16,923$14,090$11,676$9,637$3,962
18 years$18,897$15,638$12,862$10,523$8,569$3,303
19 years$17,716$14,493$11,775$9,508$7,638$2,758
20 years$16,654$13,467$10,806$8,612$6,822$2,305
21 years$15,694$12,544$9,940$7,816$6,105$1,929
22 years$14,822$11,710$9,161$7,106$5,472$1,615
23 years$14,028$10,952$8,459$6,472$4,912$1,354
24 years$13,301$10,261$7,823$5,903$4,415$1,135
25 years$12,633$9,630$7,245$5,391$3,973$952
26 years$12,017$9,050$6,720$4,929$3,579$799
27 years$11,448$8,517$6,240$4,512$3,227$671
28 years$10,921$8,026$5,801$4,134$2,911$563
29 years$10,431$7,571$5,398$3,791$2,629$473
30 years$9,974$7,150$5,028$3,479$2,375$398
31 years$9,548$6,760$4,688$3,195$2,148$334
32 years$9,149$6,396$4,374$2,936$1,943$281
33 years$8,775$6,057$4,084$2,700$1,758$236
34 years$8,424$5,741$3,816$2,484$1,592$198
35 years$8,094$5,445$3,567$2,287$1,442$167
36 years$7,782$5,168$3,337$2,106$1,306$140
37 years$7,489$4,908$3,123$1,941$1,184$118
38 years$7,211$4,665$2,925$1,789$1,073$99
39 years$6,948$4,436$2,740$1,649$973$83
40 years$6,699$4,220$2,569$1,521$883$70
41 years$6,463$4,017$2,408$1,404$801$59
42 years$6,238$3,826$2,259$1,295$727$50
43 years$6,025$3,645$2,120$1,196$660$42
44 years$5,822$3,475$1,990$1,104$599$35
45 years$5,628$3,314$1,869$1,020$544$29
46 years$5,444$3,161$1,755$942$493$25
47 years$5,268$3,017$1,649$870$448$21
48 years$5,099$2,880$1,549$804$407$18
49 years$4,938$2,750$1,456$743$370$15
50 years$4,784$2,627$1,369$687$336$12

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 $3,456 every year, while hoping to spend $37,738 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: 34/39/27 Blend
73$4,900,000$4,900,000$4,900,000$4,900,000
74$5,403,365$5,143,665$5,067,715$5,542,754
75$5,914,355$5,355,552$5,197,330$5,859,812
76$6,476,202$5,576,556$5,330,023$6,197,847
77$7,094,052$5,807,085$5,465,857$6,561,640
78$7,773,577$6,047,564$5,604,895$6,953,509
79$8,521,025$6,298,438$5,747,202$7,375,996
80$9,343,282$6,560,173$5,892,845$7,831,888
81$10,247,931$6,833,256$6,041,890$8,324,247
82$11,243,332$7,118,197$6,194,405$8,856,430
83$12,338,691$7,415,529$6,350,457$9,432,125
84$13,544,157$7,725,809$6,510,117$10,055,381
85$14,870,907$8,049,620$6,673,452$10,730,646
86$16,331,262$8,387,573$6,840,535$11,462,803
87$17,938,794$8,740,307$7,011,436$12,257,221
88$19,708,459$9,108,490$7,186,227$13,119,796
89$21,656,736$9,492,821$7,364,981$14,057,010
90$23,801,786$9,894,032$7,547,770$15,075,986
91$26,163,617$10,312,888$7,734,669$16,184,554
92$28,764,277$10,750,191$7,925,751$17,391,325
93$31,628,061$11,206,778$8,121,092$18,705,766
94$34,781,741$11,683,528$8,320,766$20,138,287
95$38,254,816$12,181,358$8,524,849$21,700,338
96$42,079,793$12,701,231$8,733,417$23,404,513
97$46,292,491$13,244,151$8,946,547$25,264,666
98$50,932,383$13,811,172$9,164,313$27,296,038
99$56,042,962$14,403,395$9,386,794$29,515,399
100$61,672,158$15,021,975$9,614,065$31,941,200