Can I retire at age 74 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$437,669$433,771$429,967$426,254$422,629$414,266
2 years$216,668$212,633$208,722$204,930$201,252$192,861
3 years$143,010$138,958$135,057$131,301$127,683$119,526
4 years$106,189$102,149$98,287$94,595$91,064$83,205
5 years$84,102$80,086$76,275$72,658$69,226$61,686
6 years$69,382$65,396$61,641$58,105$54,776$47,564
7 years$58,872$54,920$51,224$47,771$44,547$37,665
8 years$50,993$47,076$43,442$40,074$36,956$30,401
9 years$44,868$40,988$37,417$34,134$31,123$24,891
10 years$39,971$36,129$32,621$29,424$26,518$20,604
11 years$35,967$32,164$28,719$25,608$22,806$17,202
12 years$32,632$28,868$25,487$22,461$19,764$14,461
13 years$29,813$26,089$22,771$19,830$17,234$12,225
14 years$27,399$23,714$20,460$17,603$15,107$10,382
15 years$25,308$21,663$18,473$15,699$13,302$8,851
16 years$23,481$19,875$16,748$14,057$11,756$7,569
17 years$21,870$18,304$15,240$12,630$10,424$6,490
18 years$20,440$16,914$13,912$11,382$9,268$5,577
19 years$19,162$15,676$12,736$10,285$8,261$4,802
20 years$18,013$14,567$11,688$9,315$7,379$4,141
21 years$16,975$13,568$10,751$8,454$6,603$3,576
22 years$16,032$12,666$9,909$7,686$5,919$3,092
23 years$15,173$11,846$9,149$7,000$5,313$2,676
24 years$14,387$11,099$8,461$6,384$4,776$2,318
25 years$13,664$10,416$7,837$5,831$4,297$2,009
26 years$12,998$9,789$7,268$5,331$3,871$1,743
27 years$12,383$9,213$6,749$4,880$3,490$1,512
28 years$11,813$8,681$6,274$4,471$3,149$1,313
29 years$11,282$8,190$5,839$4,100$2,843$1,141
30 years$10,789$7,734$5,439$3,763$2,569$991
31 years$10,327$7,311$5,070$3,456$2,323$862
32 years$9,896$6,918$4,731$3,176$2,101$749
33 years$9,492$6,551$4,417$2,921$1,902$652
34 years$9,112$6,209$4,127$2,687$1,722$567
35 years$8,754$5,889$3,858$2,474$1,559$493
36 years$8,418$5,590$3,610$2,278$1,413$429
37 years$8,100$5,309$3,378$2,099$1,281$374
38 years$7,800$5,046$3,164$1,935$1,161$325
39 years$7,515$4,798$2,964$1,784$1,053$283
40 years$7,246$4,565$2,778$1,645$955$246
41 years$6,990$4,345$2,605$1,518$866$215
42 years$6,748$4,138$2,444$1,401$786$187
43 years$6,517$3,943$2,293$1,293$713$163
44 years$6,297$3,758$2,152$1,194$648$142
45 years$6,088$3,584$2,021$1,103$588$123
46 years$5,888$3,419$1,898$1,019$534$107
47 years$5,698$3,263$1,783$941$485$94
48 years$5,515$3,115$1,676$870$440$81
49 years$5,341$2,974$1,575$804$400$71
50 years$5,175$2,841$1,481$743$363$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,300,000, adding $6,429 every year, while hoping to spend $49,944 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: 60/12/28 Blend
73$5,300,000$5,300,000$5,300,000$5,300,000
74$5,847,232$5,566,332$5,484,182$6,153,385
75$6,390,509$5,785,942$5,614,762$6,582,602
76$6,987,527$6,014,639$5,748,042$7,044,835
77$7,643,714$6,252,816$5,884,061$7,548,181
78$8,365,052$6,500,882$6,022,855$8,096,656
79$9,158,128$6,759,267$6,164,462$8,694,683
80$10,030,203$7,028,417$6,308,918$9,347,127
81$10,989,276$7,308,801$6,456,258$10,059,347
82$12,044,157$7,600,907$6,606,518$10,837,241
83$13,204,557$7,905,247$6,759,732$11,687,304
84$14,481,172$8,222,355$6,915,934$12,616,685
85$15,885,789$8,552,787$7,075,155$13,633,257
86$17,431,394$8,897,129$7,237,427$14,745,690
87$19,132,296$9,255,988$7,402,781$15,963,530
88$21,004,262$9,630,004$7,571,246$17,297,291
89$23,064,663$10,019,840$7,742,849$18,758,551
90$25,332,642$10,426,195$7,917,617$20,360,062
91$27,829,288$10,849,796$8,095,575$22,115,869
92$30,577,843$11,291,403$8,276,744$24,041,440
93$33,603,915$11,751,813$8,461,146$26,153,814
94$36,935,720$12,231,859$8,648,801$28,471,759
95$40,604,352$12,732,408$8,839,725$31,015,948
96$44,644,072$13,254,373$9,033,932$33,809,153
97$49,092,633$13,798,702$9,231,434$36,876,461
98$53,991,636$14,366,393$9,432,241$40,245,505
99$59,386,921$14,958,484$9,636,359$43,946,728
100$65,329,001$15,576,064$9,843,791$48,013,669