Can I retire at age 74 with 5,000,000?

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 $5,000,000?

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$412,895$409,217$405,629$402,127$398,707$396,360
2 years$204,404$200,597$196,907$193,330$189,860$187,493
3 years$134,915$131,092$127,412$123,869$120,455$118,140
4 years$100,178$96,367$92,723$89,240$85,910$83,665
5 years$79,341$75,553$71,957$68,545$65,307$63,139
6 years$65,455$61,694$58,152$54,816$51,675$49,587
7 years$55,539$51,811$48,325$45,067$42,026$40,019
8 years$48,106$44,411$40,983$37,806$34,865$32,938
9 years$42,328$38,668$35,299$32,202$29,361$27,515
10 years$37,708$34,084$30,774$27,759$25,017$23,250
11 years$33,931$30,343$27,093$24,158$21,515$19,827
12 years$30,785$27,234$24,044$21,190$18,645$17,033
13 years$28,126$24,612$21,482$18,708$16,259$14,722
14 years$25,848$22,371$19,302$16,607$14,252$12,789
15 years$23,876$20,437$17,427$14,810$12,549$11,157
16 years$22,152$18,750$15,800$13,261$11,091$9,769
17 years$20,632$17,268$14,377$11,915$9,834$8,579
18 years$19,283$15,957$13,125$10,738$8,744$7,554
19 years$18,077$14,789$12,015$9,702$7,793$6,667
20 years$16,993$13,742$11,027$8,787$6,961$5,896
21 years$16,014$12,800$10,143$7,975$6,230$5,223
22 years$15,125$11,949$9,348$7,251$5,584$4,634
23 years$14,314$11,175$8,631$6,604$5,012$4,116
24 years$13,572$10,471$7,982$6,023$4,505$3,661
25 years$12,891$9,826$7,393$5,501$4,054$3,259
26 years$12,263$9,235$6,857$5,029$3,652$2,904
27 years$11,682$8,691$6,367$4,604$3,292$2,590
28 years$11,144$8,190$5,919$4,218$2,971$2,311
29 years$10,644$7,726$5,508$3,868$2,683$2,064
30 years$10,178$7,296$5,131$3,550$2,424$1,844
31 years$9,743$6,898$4,783$3,260$2,191$1,649
32 years$9,336$6,526$4,463$2,996$1,982$1,474
33 years$8,954$6,181$4,167$2,755$1,794$1,319
34 years$8,596$5,858$3,893$2,535$1,624$1,181
35 years$8,259$5,556$3,640$2,334$1,471$1,057
36 years$7,941$5,274$3,405$2,149$1,333$947
37 years$7,641$5,009$3,187$1,980$1,208$848
38 years$7,358$4,760$2,985$1,825$1,095$760
39 years$7,090$4,526$2,796$1,683$993$681
40 years$6,836$4,306$2,621$1,552$901$610
41 years$6,595$4,099$2,458$1,432$817$547
42 years$6,366$3,904$2,305$1,322$742$490
43 years$6,148$3,720$2,163$1,220$673$440
44 years$5,941$3,546$2,031$1,127$611$394
45 years$5,743$3,381$1,907$1,040$555$354
46 years$5,555$3,225$1,791$961$504$317
47 years$5,375$3,078$1,682$888$457$285
48 years$5,203$2,938$1,581$820$415$255
49 years$5,039$2,806$1,486$758$377$229
50 years$4,882$2,680$1,397$701$343$205

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,000,000, adding $4,625 every year, while hoping to spend $38,179 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: 78/7/15 Blend
73$5,000,000$5,000,000$5,000,000$5,000,000
74$5,514,771$5,249,771$5,172,271$5,927,178
75$6,036,655$5,466,387$5,304,920$6,416,235
76$6,610,492$5,692,339$5,440,733$6,947,241
77$7,241,541$5,928,041$5,579,776$7,528,644
78$7,935,595$6,173,932$5,722,115$8,165,467
79$8,699,038$6,430,467$5,867,818$8,863,240
80$9,538,904$6,698,124$6,016,954$9,628,057
81$10,462,941$6,977,402$6,169,592$10,466,624
82$11,479,690$7,268,823$6,325,801$11,386,331
83$12,598,557$7,572,934$6,485,654$12,395,317
84$13,829,908$7,890,306$6,649,222$13,502,543
85$15,185,166$8,221,538$6,816,578$14,717,884
86$16,676,914$8,567,256$6,987,795$16,052,214
87$18,319,022$8,928,113$7,162,949$17,517,513
88$20,126,768$9,304,796$7,342,113$19,126,978
89$22,116,989$9,698,022$7,525,365$20,895,144
90$24,308,237$10,108,541$7,712,780$22,838,025
91$26,720,955$10,537,137$7,904,435$24,973,264
92$29,377,668$10,984,632$8,100,410$27,320,294
93$32,303,199$11,451,887$8,300,782$29,900,527
94$35,524,897$11,939,802$8,505,630$32,737,550
95$39,072,901$12,449,317$8,715,033$35,857,353
96$42,980,423$12,981,419$8,929,073$39,288,565
97$47,284,057$13,537,140$9,147,828$43,062,732
98$52,024,131$14,117,560$9,371,380$47,214,609
99$57,245,081$14,723,809$9,599,810$51,782,488
100$62,995,874$15,357,071$9,833,199$56,808,558