Can I retire at age 74 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$445,927$441,955$438,080$434,297$430,604$417,489
2 years$220,756$216,645$212,660$208,797$205,049$191,949
3 years$145,709$141,580$137,605$133,778$130,092$117,416
4 years$108,192$104,076$100,141$96,380$92,783$80,630
5 years$85,689$81,597$77,714$74,029$70,532$58,934
6 years$70,691$66,630$62,804$59,201$55,809$44,777
7 years$59,983$55,956$52,191$48,673$45,388$34,921
8 years$51,955$47,964$44,262$40,830$37,654$27,745
9 years$45,714$41,762$38,123$34,778$31,710$22,349
10 years$40,725$36,811$33,236$29,979$27,018$18,191
11 years$36,645$32,771$29,261$26,091$23,237$14,928
12 years$33,248$29,413$25,968$22,885$20,136$12,330
13 years$30,376$26,581$23,201$20,204$17,559$10,236
14 years$27,916$24,161$20,846$17,935$15,392$8,534
15 years$25,786$22,072$18,821$15,995$13,553$7,138
16 years$23,924$20,250$17,064$14,322$11,978$5,988
17 years$22,283$18,650$15,528$12,868$10,620$5,035
18 years$20,826$17,233$14,175$11,597$9,443$4,241
19 years$19,523$15,972$12,976$10,479$8,417$3,579
20 years$18,353$14,842$11,909$9,490$7,518$3,024
21 years$17,295$13,824$10,954$8,613$6,728$2,558
22 years$16,335$12,905$10,096$7,831$6,031$2,165
23 years$15,459$12,069$9,322$7,132$5,413$1,835
24 years$14,658$11,308$8,621$6,505$4,866$1,556
25 years$13,922$10,612$7,985$5,941$4,378$1,320
26 years$13,244$9,974$7,405$5,432$3,944$1,120
27 years$12,617$9,386$6,877$4,972$3,556$951
28 years$12,035$8,845$6,393$4,555$3,208$808
29 years$11,495$8,344$5,949$4,177$2,897$687
30 years$10,992$7,880$5,541$3,834$2,618$583
31 years$10,522$7,449$5,166$3,521$2,367$496
32 years$10,083$7,049$4,820$3,236$2,141$422
33 years$9,671$6,675$4,500$2,976$1,937$359
34 years$9,284$6,326$4,205$2,738$1,754$305
35 years$8,920$6,001$3,931$2,520$1,589$259
36 years$8,576$5,695$3,678$2,321$1,440$221
37 years$8,253$5,409$3,442$2,139$1,305$188
38 years$7,947$5,141$3,223$1,971$1,183$160
39 years$7,657$4,888$3,020$1,818$1,073$136
40 years$7,383$4,651$2,831$1,676$973$116
41 years$7,122$4,427$2,654$1,547$883$98
42 years$6,875$4,216$2,490$1,427$801$84
43 years$6,640$4,017$2,336$1,318$727$71
44 years$6,416$3,829$2,193$1,217$660$61
45 years$6,203$3,652$2,059$1,124$599$52
46 years$5,999$3,484$1,934$1,038$544$44
47 years$5,805$3,324$1,817$959$494$37
48 years$5,619$3,174$1,707$886$448$32
49 years$5,442$3,031$1,605$819$407$27
50 years$5,272$2,895$1,509$757$370$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,400,000, adding $2,123 every year, while hoping to spend $39,517 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: 57/22/21 Blend
73$5,400,000$5,400,000$5,400,000$5,400,000
74$5,952,990$5,666,790$5,583,090$6,258,652
75$6,518,149$5,902,417$5,728,078$6,702,857
76$7,139,630$6,148,265$5,876,598$7,182,305
77$7,823,136$6,404,794$6,028,728$7,703,966
78$8,574,950$6,672,483$6,184,544$8,271,912
79$9,401,996$6,951,835$6,344,127$8,890,627
80$10,311,901$7,243,377$6,507,557$9,565,041
81$11,313,070$7,547,657$6,674,915$10,300,577
82$12,414,762$7,865,252$6,846,284$11,103,203
83$13,627,182$8,196,763$7,021,749$11,979,485
84$14,961,571$8,542,821$7,201,394$12,936,650
85$16,430,317$8,904,085$7,385,306$13,982,649
86$18,047,069$9,281,245$7,573,574$15,126,234
87$19,826,867$9,675,022$7,766,285$16,377,039
88$21,786,282$10,086,174$7,963,531$17,745,667
89$23,943,576$10,515,489$8,165,402$19,243,791
90$26,318,869$10,963,797$8,371,992$20,884,260
91$28,934,334$11,431,962$8,583,393$22,681,223
92$31,814,400$11,920,892$8,799,700$24,650,254
93$34,985,988$12,431,536$9,021,010$26,808,505
94$38,478,765$12,964,887$9,247,420$29,174,859
95$42,325,417$13,521,984$9,479,026$31,770,110
96$46,561,964$14,103,917$9,715,929$34,617,156
97$51,228,100$14,711,823$9,958,227$37,741,215
98$56,367,560$15,346,897$10,206,023$41,170,058
99$62,028,543$16,010,387$10,459,416$44,934,268
100$68,264,158$16,703,600$10,718,510$49,067,531