Can I retire at age 74 with 5,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$454,185$450,139$446,192$442,340$438,578$433,457
2 years$224,844$220,656$216,598$212,663$208,847$203,692
3 years$148,407$144,201$140,153$136,255$132,501$127,473
4 years$110,196$106,003$101,996$98,164$94,501$89,638
5 years$87,275$83,108$79,153$75,400$71,838$67,155
6 years$72,000$67,864$63,967$60,298$56,843$52,345
7 years$61,093$56,992$53,157$49,574$46,229$41,917
8 years$52,917$48,853$45,081$41,586$38,351$34,227
9 years$46,561$42,535$38,829$35,422$32,297$28,358
10 years$41,479$37,493$33,852$30,534$27,519$23,762
11 years$37,324$33,377$29,802$26,574$23,667$20,089
12 years$33,864$29,958$26,449$23,309$20,509$17,107
13 years$30,938$27,073$23,630$20,578$17,885$14,653
14 years$28,433$24,609$21,232$18,267$15,677$12,612
15 years$26,263$22,480$19,170$16,291$13,804$10,900
16 years$24,367$20,625$17,380$14,587$12,200$9,452
17 years$22,696$18,995$15,815$13,106$10,817$8,221
18 years$21,211$17,552$14,437$11,811$9,618$7,167
19 years$19,885$16,267$13,217$10,673$8,573$6,262
20 years$18,693$15,116$12,130$9,666$7,657$5,481
21 years$17,615$14,080$11,157$8,773$6,853$4,806
22 years$16,637$13,144$10,283$7,976$6,142$4,219
23 years$15,746$12,293$9,494$7,264$5,514$3,708
24 years$14,930$11,518$8,781$6,625$4,956$3,263
25 years$14,180$10,809$8,133$6,051$4,459$2,873
26 years$13,489$10,158$7,543$5,532$4,017$2,532
27 years$12,850$9,560$7,004$5,064$3,622$2,233
28 years$12,258$9,009$6,511$4,640$3,268$1,971
29 years$11,708$8,499$6,059$4,255$2,951$1,740
30 years$11,196$8,026$5,644$3,905$2,666$1,537
31 years$10,717$7,587$5,262$3,586$2,411$1,359
32 years$10,269$7,179$4,909$3,296$2,180$1,201
33 years$9,850$6,799$4,584$3,031$1,973$1,062
34 years$9,456$6,444$4,283$2,789$1,787$940
35 years$9,085$6,112$4,004$2,567$1,618$831
36 years$8,735$5,801$3,746$2,364$1,466$736
37 years$8,405$5,510$3,506$2,178$1,329$651
38 years$8,094$5,236$3,283$2,008$1,205$577
39 years$7,799$4,979$3,076$1,851$1,092$511
40 years$7,519$4,737$2,883$1,708$991$452
41 years$7,254$4,509$2,703$1,575$899$401
42 years$7,002$4,294$2,536$1,454$816$355
43 years$6,763$4,092$2,380$1,342$740$314
44 years$6,535$3,900$2,234$1,239$672$278
45 years$6,318$3,719$2,097$1,144$610$247
46 years$6,110$3,548$1,970$1,057$554$219
47 years$5,913$3,386$1,851$977$503$194
48 years$5,724$3,232$1,739$902$457$172
49 years$5,543$3,087$1,635$834$415$152
50 years$5,370$2,949$1,537$771$377$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,500,000, adding $4,741 every year, while hoping to spend $50,509 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: 57/16/27 Blend
73$5,500,000$5,500,000$5,500,000$5,500,000
74$6,065,890$5,774,390$5,689,140$6,366,561
75$6,630,870$6,003,594$5,825,985$6,802,502
76$7,251,785$6,242,336$5,965,722$7,271,714
77$7,934,287$6,491,031$6,108,393$7,782,104
78$8,684,602$6,750,110$6,254,043$8,337,669
79$9,509,593$7,020,026$6,402,714$8,942,806
80$10,416,815$7,301,251$6,554,449$9,602,355
81$11,414,598$7,594,280$6,709,291$10,321,640
82$12,512,115$7,899,628$6,867,281$11,106,524
83$13,719,476$8,217,835$7,028,460$11,963,457
84$15,047,818$8,549,465$7,192,869$12,899,543
85$16,509,413$8,895,106$7,360,547$13,922,599
86$18,117,783$9,255,375$7,531,535$15,041,234
87$19,887,824$9,630,917$7,705,869$16,264,925
88$21,835,955$10,022,404$7,883,588$17,604,107
89$23,980,260$10,430,540$8,064,727$19,070,268
90$26,340,672$10,856,062$8,249,320$20,676,063
91$28,939,150$11,299,739$8,437,402$22,435,423
92$31,799,893$11,762,375$8,629,004$24,363,693
93$34,949,563$12,244,812$8,824,157$26,477,771
94$38,417,541$12,747,931$9,022,889$28,796,267
95$42,236,201$13,272,650$9,225,226$31,339,679
96$46,441,217$13,819,933$9,431,195$34,130,584
97$51,071,897$14,390,786$9,640,816$37,193,849
98$56,171,558$14,986,262$9,854,110$40,556,865
99$61,787,929$15,607,461$10,071,095$44,249,802
100$67,973,606$16,255,535$10,291,786$48,305,896