Can I retire at age 74 with 5,100,000?

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 $5,100,000?

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$421,153$417,402$413,742$410,169$406,681$392,096
2 years$208,492$204,609$200,846$197,197$193,658$179,121
3 years$137,614$133,714$129,960$126,346$122,864$108,833
4 years$102,182$98,294$94,578$91,025$87,628$74,209
5 years$80,928$77,064$73,396$69,916$66,613$53,843
6 years$66,764$62,928$59,315$55,912$52,709$40,596
7 years$56,650$52,847$49,291$45,969$42,866$31,408
8 years$49,068$45,300$41,803$38,562$35,562$24,748
9 years$43,175$39,442$36,005$32,846$29,948$19,765
10 years$38,462$34,766$31,390$28,314$25,517$15,947
11 years$34,610$30,950$27,635$24,641$21,946$12,969
12 years$31,401$27,779$24,525$21,614$19,018$10,612
13 years$28,688$25,104$21,912$19,082$16,584$8,726
14 years$26,365$22,819$19,688$16,939$14,537$7,204
15 years$24,353$20,846$17,775$15,106$12,800$5,967
16 years$22,595$19,125$16,116$13,526$11,312$4,955
17 years$21,045$17,614$14,665$12,153$10,030$4,124
18 years$19,669$16,276$13,387$10,952$8,919$3,438
19 years$18,439$15,084$12,255$9,896$7,949$2,870
20 years$17,333$14,017$11,247$8,963$7,101$2,399
21 years$16,334$13,056$10,345$8,135$6,354$2,007
22 years$15,427$12,188$9,535$7,396$5,696$1,681
23 years$14,601$11,399$8,804$6,736$5,113$1,409
24 years$13,844$10,680$8,142$6,144$4,595$1,181
25 years$13,149$10,023$7,541$5,611$4,135$991
26 years$12,508$9,420$6,994$5,130$3,725$832
27 years$11,916$8,865$6,495$4,696$3,358$698
28 years$11,367$8,353$6,038$4,302$3,030$586
29 years$10,857$7,881$5,618$3,945$2,736$493
30 years$10,381$7,442$5,233$3,621$2,472$414
31 years$9,938$7,035$4,879$3,325$2,235$348
32 years$9,523$6,657$4,552$3,056$2,022$292
33 years$9,133$6,304$4,250$2,810$1,830$246
34 years$8,768$5,975$3,971$2,586$1,657$206
35 years$8,424$5,667$3,713$2,380$1,501$174
36 years$8,100$5,379$3,473$2,192$1,360$146
37 years$7,794$5,109$3,251$2,020$1,232$123
38 years$7,505$4,855$3,044$1,862$1,117$103
39 years$7,232$4,617$2,852$1,717$1,013$87
40 years$6,973$4,393$2,673$1,583$919$73
41 years$6,727$4,181$2,507$1,461$834$61
42 years$6,493$3,982$2,351$1,348$756$52
43 years$6,271$3,794$2,207$1,245$686$43
44 years$6,060$3,617$2,071$1,149$623$36
45 years$5,858$3,449$1,945$1,061$566$31
46 years$5,666$3,290$1,827$980$514$26
47 years$5,483$3,140$1,716$906$466$22
48 years$5,307$2,997$1,613$837$424$18
49 years$5,140$2,862$1,516$773$385$15
50 years$4,979$2,734$1,425$715$349$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,100,000, adding $6,194 every year, while hoping to spend $21,635 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: 65/13/22 Blend
73$5,100,000$5,100,000$5,100,000$5,100,000
74$5,626,589$5,356,289$5,277,239$5,960,137
75$6,177,482$5,595,728$5,431,007$6,424,710
76$6,783,840$5,846,174$5,589,201$6,929,225
77$7,451,299$6,108,144$5,751,947$7,480,114
78$8,186,068$6,382,179$5,919,373$8,081,928
79$8,994,987$6,668,846$6,091,612$8,739,675
80$9,885,595$6,968,738$6,268,801$9,458,867
81$10,866,198$7,282,479$6,451,078$10,245,570
82$11,945,949$7,610,720$6,638,588$11,106,462
83$13,134,934$7,954,143$6,831,479$12,048,895
84$14,444,267$8,313,465$7,029,902$13,080,960
85$15,886,192$8,689,435$7,234,014$14,211,568
86$17,474,205$9,082,839$7,443,975$15,450,528
87$19,223,175$9,494,499$7,659,950$16,808,642
88$21,149,489$9,925,279$7,882,108$18,297,802
89$23,271,201$10,376,082$8,110,623$19,931,104
90$25,608,209$10,847,855$8,345,674$21,722,971
91$28,182,436$11,341,591$8,587,444$23,689,285
92$31,018,044$11,858,328$8,836,123$25,847,536
93$34,141,655$12,399,157$9,091,904$28,216,987
94$37,582,608$12,965,219$9,354,986$30,818,853
95$41,373,230$13,557,711$9,625,574$33,676,503
96$45,549,148$14,177,887$9,903,879$36,815,672
97$50,149,618$14,827,061$10,190,116$40,264,710
98$55,217,902$15,506,610$10,484,508$44,054,842
99$60,801,671$16,217,976$10,787,282$48,220,465
100$66,953,458$16,962,674$11,098,673$52,799,467