Can I retire at age 74 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$462,443$458,324$454,305$450,382$446,552$433,648
2 years$228,932$224,668$220,536$216,530$212,644$199,746
3 years$151,105$146,823$142,702$138,733$134,910$122,422
4 years$112,200$107,931$103,850$99,949$96,219$84,237
5 years$88,862$84,619$80,592$76,771$73,144$61,701
6 years$73,309$69,098$65,130$61,394$57,876$46,982
7 years$62,204$58,028$54,124$50,475$47,069$36,724
8 years$53,879$49,741$45,901$42,343$39,048$29,246
9 years$47,408$43,308$39,535$36,066$32,884$23,615
10 years$42,233$38,174$34,467$31,090$28,019$19,270
11 years$38,003$33,984$30,344$27,057$24,097$15,855
12 years$34,480$30,502$26,930$23,733$20,882$13,130
13 years$31,501$27,565$24,060$20,953$18,210$10,930
14 years$28,950$25,056$21,618$18,599$15,963$9,137
15 years$26,741$22,889$19,518$16,587$14,055$7,665
16 years$24,810$21,000$17,696$14,852$12,422$6,448
17 years$23,108$19,341$16,103$13,345$11,014$5,437
18 years$21,597$17,872$14,700$12,026$9,793$4,594
19 years$20,247$16,563$13,457$10,867$8,729$3,888
20 years$19,033$15,391$12,350$9,842$7,797$3,295
21 years$17,936$14,336$11,360$8,932$6,977$2,796
22 years$16,940$13,383$10,470$8,121$6,254$2,374
23 years$16,032$12,516$9,667$7,396$5,614$2,018
24 years$15,201$11,727$8,940$6,746$5,046$1,717
25 years$14,438$11,005$8,280$6,161$4,541$1,461
26 years$13,734$10,343$7,680$5,633$4,090$1,244
27 years$13,084$9,734$7,131$5,156$3,687$1,060
28 years$12,481$9,172$6,629$4,724$3,327$903
29 years$11,921$8,653$6,169$4,332$3,004$770
30 years$11,399$8,172$5,746$3,976$2,715$657
31 years$10,912$7,725$5,357$3,651$2,454$560
32 years$10,456$7,310$4,998$3,356$2,220$478
33 years$10,029$6,922$4,667$3,086$2,009$408
34 years$9,627$6,561$4,361$2,839$1,819$348
35 years$9,250$6,223$4,077$2,614$1,648$297
36 years$8,894$5,906$3,814$2,407$1,493$253
37 years$8,558$5,610$3,570$2,218$1,353$216
38 years$8,241$5,331$3,343$2,044$1,227$185
39 years$7,941$5,069$3,132$1,885$1,112$158
40 years$7,656$4,823$2,936$1,739$1,009$134
41 years$7,386$4,591$2,753$1,604$915$115
42 years$7,130$4,372$2,582$1,480$831$98
43 years$6,886$4,166$2,423$1,367$754$84
44 years$6,654$3,971$2,274$1,262$684$71
45 years$6,432$3,787$2,135$1,165$621$61
46 years$6,221$3,613$2,006$1,076$564$52
47 years$6,020$3,447$1,884$994$512$44
48 years$5,828$3,291$1,771$919$465$38
49 years$5,644$3,143$1,664$849$422$32
50 years$5,468$3,002$1,565$785$384$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,600,000, adding $5,830 every year, while hoping to spend $54,565 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: 39/35/26 Blend
73$5,600,000$5,600,000$5,600,000$5,600,000
74$6,177,214$5,880,414$5,793,614$6,370,244
75$6,749,233$6,110,497$5,929,643$6,741,319
76$7,377,769$6,350,026$6,068,400$7,136,800
77$8,068,529$6,599,405$6,209,920$7,563,387
78$8,827,802$6,859,058$6,354,235$8,023,945
79$9,662,513$7,129,428$6,501,377$8,521,623
80$10,580,294$7,410,974$6,651,378$9,059,880
81$11,589,553$7,704,181$6,804,268$9,642,513
82$12,699,554$8,009,553$6,960,077$10,273,699
83$13,920,503$8,327,615$7,118,834$10,958,023
84$15,263,644$8,658,919$7,280,566$11,700,530
85$16,741,369$9,004,038$7,445,297$12,506,761
86$18,367,328$9,363,575$7,613,054$13,382,811
87$20,156,562$9,738,157$7,783,858$14,335,381
88$22,125,645$10,128,441$7,957,731$15,371,842
89$24,292,837$10,535,111$8,134,691$16,500,297
90$26,678,260$10,958,884$8,314,757$17,729,663
91$29,304,083$11,400,511$8,497,942$19,069,748
92$32,194,737$11,860,774$8,684,261$20,531,342
93$35,377,140$12,340,491$8,873,723$22,126,316
94$38,880,951$12,840,518$9,066,336$23,867,736
95$42,738,854$13,361,749$9,262,104$25,769,977
96$46,986,863$13,905,121$9,461,031$27,848,862
97$51,664,661$14,471,610$9,663,113$30,121,804
98$56,815,977$15,062,239$9,868,348$32,607,972
99$62,488,994$15,678,077$10,076,725$35,328,465
100$68,736,810$16,320,241$10,288,234$38,306,508