Can I retire at age 74 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$429,411$425,586$421,854$418,212$414,655$410,496
2 years$212,580$208,621$204,784$201,063$197,455$193,265
3 years$140,312$136,336$132,509$128,823$125,274$121,184
4 years$104,185$100,221$96,432$92,810$89,346$85,388
5 years$82,515$78,575$74,835$71,287$67,919$64,105
6 years$68,073$64,162$60,478$57,009$53,742$50,075
7 years$57,761$53,883$50,258$46,870$43,707$40,189
8 years$50,031$46,188$42,622$39,318$36,259$32,891
9 years$44,021$40,215$36,711$33,490$30,535$27,315
10 years$39,217$35,447$32,005$28,869$26,018$22,943
11 years$35,288$31,557$28,177$25,125$22,376$19,445
12 years$32,017$28,324$25,006$22,038$19,391$16,600
13 years$29,251$25,596$22,341$19,456$16,909$14,256
14 years$26,882$23,266$20,074$17,271$14,822$12,303
15 years$24,831$21,254$18,124$15,403$13,051$10,662
16 years$23,038$19,500$16,432$13,791$11,534$9,271
17 years$21,458$17,959$14,953$12,391$10,227$8,086
18 years$20,054$16,595$13,650$11,167$9,093$7,070
19 years$18,800$15,380$12,496$10,090$8,105$6,195
20 years$17,673$14,292$11,468$9,139$7,240$5,439
21 years$16,655$13,312$10,548$8,294$6,479$4,782
22 years$15,730$12,427$9,722$7,541$5,807$4,211
23 years$14,887$11,622$8,976$6,868$5,213$3,713
24 years$14,115$10,889$8,302$6,264$4,686$3,277
25 years$13,406$10,219$7,689$5,721$4,216$2,895
26 years$12,753$9,604$7,131$5,231$3,798$2,559
27 years$12,149$9,039$6,622$4,788$3,424$2,264
28 years$11,590$8,517$6,156$4,387$3,090$2,005
29 years$11,070$8,035$5,729$4,023$2,790$1,776
30 years$10,585$7,588$5,336$3,692$2,521$1,574
31 years$10,133$7,173$4,975$3,391$2,279$1,395
32 years$9,709$6,787$4,641$3,116$2,062$1,238
33 years$9,312$6,428$4,334$2,865$1,866$1,098
34 years$8,940$6,092$4,049$2,636$1,689$975
35 years$8,589$5,778$3,786$2,427$1,530$865
36 years$8,259$5,484$3,541$2,235$1,386$769
37 years$7,947$5,209$3,315$2,059$1,256$683
38 years$7,652$4,950$3,104$1,898$1,139$606
39 years$7,373$4,707$2,908$1,750$1,033$539
40 years$7,109$4,479$2,726$1,614$937$479
41 years$6,859$4,263$2,556$1,489$850$426
42 years$6,620$4,060$2,398$1,375$771$378
43 years$6,394$3,869$2,250$1,269$700$336
44 years$6,178$3,688$2,112$1,172$635$299
45 years$5,973$3,516$1,983$1,082$577$266
46 years$5,777$3,354$1,862$999$524$236
47 years$5,590$3,201$1,750$923$476$210
48 years$5,411$3,056$1,644$853$432$187
49 years$5,241$2,918$1,545$789$392$166
50 years$5,077$2,788$1,453$729$356$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,200,000, adding $4,492 every year, while hoping to spend $39,249 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: 47/43/10 Blend
73$5,200,000$5,200,000$5,200,000$5,200,000
74$5,735,033$5,459,433$5,378,833$5,988,557
75$6,278,246$5,685,185$5,517,264$6,389,402
76$6,875,551$5,920,683$5,659,016$6,819,742
77$7,532,425$6,166,364$5,804,160$7,285,881
78$8,254,899$6,422,683$5,952,767$7,791,157
79$9,049,623$6,690,118$6,104,908$8,339,236
80$9,923,919$6,969,168$6,260,657$8,934,145
81$10,885,857$7,260,356$6,420,087$9,580,305
82$11,944,328$7,564,227$6,583,274$10,282,577
83$13,109,129$7,881,353$6,750,293$11,046,300
84$14,391,053$8,212,333$6,921,222$11,877,342
85$15,801,995$8,557,792$7,096,137$12,782,155
86$17,355,059$8,918,385$7,275,118$13,767,829
87$19,064,686$9,294,796$7,458,245$14,842,161
88$20,946,786$9,687,743$7,645,598$16,013,723
89$23,018,891$10,097,975$7,837,259$17,291,944
90$25,300,320$10,526,279$8,033,310$18,687,191
91$27,812,361$10,973,474$8,233,833$20,210,869
92$30,578,469$11,440,421$8,438,914$21,875,524
93$33,624,491$11,928,020$8,648,636$23,694,958
94$36,978,909$12,437,213$8,863,085$25,684,357
95$40,673,105$12,968,985$9,082,346$27,860,427
96$44,741,664$13,524,367$9,306,507$30,241,557
97$49,222,693$14,104,440$9,535,654$32,847,980
98$54,158,184$14,710,334$9,769,875$35,701,964
99$59,594,411$15,343,232$10,009,258$38,828,019
100$65,582,364$16,004,374$10,253,891$42,253,123