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%14.5%
1 years$445,927$441,955$438,080$434,297$430,604$422,601
2 years$220,756$216,645$212,660$208,797$205,049$197,017
3 years$145,709$141,580$137,605$133,778$130,092$122,280
4 years$108,192$104,076$100,141$96,380$92,783$85,251
5 years$85,689$81,597$77,714$74,029$70,532$63,302
6 years$70,691$66,630$62,804$59,201$55,809$48,890
7 years$59,983$55,956$52,191$48,673$45,388$38,780
8 years$51,955$47,964$44,262$40,830$37,654$31,356
9 years$45,714$41,762$38,123$34,778$31,710$25,719
10 years$40,725$36,811$33,236$29,979$27,018$21,328
11 years$36,645$32,771$29,261$26,091$23,237$17,841
12 years$33,248$29,413$25,968$22,885$20,136$15,027
13 years$30,376$26,581$23,201$20,204$17,559$12,729
14 years$27,916$24,161$20,846$17,935$15,392$10,832
15 years$25,786$22,072$18,821$15,995$13,553$9,253
16 years$23,924$20,250$17,064$14,322$11,978$7,930
17 years$22,283$18,650$15,528$12,868$10,620$6,814
18 years$20,826$17,233$14,175$11,597$9,443$5,868
19 years$19,523$15,972$12,976$10,479$8,417$5,064
20 years$18,353$14,842$11,909$9,490$7,518$4,377
21 years$17,295$13,824$10,954$8,613$6,728$3,788
22 years$16,335$12,905$10,096$7,831$6,031$3,283
23 years$15,459$12,069$9,322$7,132$5,413$2,848
24 years$14,658$11,308$8,621$6,505$4,866$2,473
25 years$13,922$10,612$7,985$5,941$4,378$2,148
26 years$13,244$9,974$7,405$5,432$3,944$1,868
27 years$12,617$9,386$6,877$4,972$3,556$1,625
28 years$12,035$8,845$6,393$4,555$3,208$1,415
29 years$11,495$8,344$5,949$4,177$2,897$1,232
30 years$10,992$7,880$5,541$3,834$2,618$1,073
31 years$10,522$7,449$5,166$3,521$2,367$935
32 years$10,083$7,049$4,820$3,236$2,141$815
33 years$9,671$6,675$4,500$2,976$1,937$711
34 years$9,284$6,326$4,205$2,738$1,754$620
35 years$8,920$6,001$3,931$2,520$1,589$541
36 years$8,576$5,695$3,678$2,321$1,440$472
37 years$8,253$5,409$3,442$2,139$1,305$412
38 years$7,947$5,141$3,223$1,971$1,183$359
39 years$7,657$4,888$3,020$1,818$1,073$313
40 years$7,383$4,651$2,831$1,676$973$274
41 years$7,122$4,427$2,654$1,547$883$239
42 years$6,875$4,216$2,490$1,427$801$208
43 years$6,640$4,017$2,336$1,318$727$182
44 years$6,416$3,829$2,193$1,217$660$159
45 years$6,203$3,652$2,059$1,124$599$139
46 years$5,999$3,484$1,934$1,038$544$121
47 years$5,805$3,324$1,817$959$494$106
48 years$5,619$3,174$1,707$886$448$92
49 years$5,442$3,031$1,605$819$407$81
50 years$5,272$2,895$1,509$757$370$70

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 $4,410 every year, while hoping to spend $38,477 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: 55/36/9 Blend
73$5,400,000$5,400,000$5,400,000$5,400,000
74$5,955,349$5,669,149$5,585,449$6,269,616
75$6,521,855$5,905,998$5,731,622$6,719,507
76$7,144,856$6,153,163$5,881,403$7,204,477
77$7,830,072$6,411,109$6,034,871$7,731,575
78$8,583,808$6,680,322$6,192,108$8,304,811
79$9,413,010$6,961,312$6,353,197$8,928,595
80$10,325,331$7,254,609$6,518,223$9,607,776
81$11,329,202$7,560,773$6,687,271$10,347,681
82$12,433,915$7,880,385$6,860,429$11,154,172
83$13,649,707$8,214,056$7,037,785$12,033,690
84$14,987,856$8,562,424$7,219,430$12,993,323
85$16,460,792$8,926,158$7,405,456$14,040,864
86$18,082,209$9,305,956$7,595,955$15,184,886
87$19,867,197$9,702,550$7,791,021$16,434,820
88$21,832,382$10,116,706$7,990,752$17,801,042
89$23,996,086$10,549,226$8,195,243$19,294,969
90$26,378,497$11,000,948$8,404,594$20,929,162
91$29,001,861$11,472,751$8,618,905$22,717,446
92$31,890,689$11,965,555$8,838,277$24,675,035
93$35,071,993$12,480,321$9,062,813$26,818,673
94$38,575,537$13,018,057$9,292,618$29,166,789
95$42,434,117$13,579,817$9,527,796$31,739,672
96$46,683,875$14,166,706$9,768,455$34,559,651
97$51,364,634$14,779,879$10,014,702$37,651,313
98$56,520,280$15,420,546$10,266,648$41,041,721
99$62,199,169$16,089,973$10,524,401$44,760,676
100$68,454,591$16,789,489$10,788,075$48,840,986