Can I retire at age 74 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$470,701$466,508$462,417$458,425$454,526$443,538
2 years$233,020$228,680$224,474$220,396$216,441$205,437
3 years$153,804$149,445$145,250$141,210$137,319$126,643
4 years$114,203$109,858$105,705$101,734$97,937$87,671
5 years$90,449$86,130$82,031$78,141$74,450$64,622
6 years$74,618$70,332$66,293$62,490$58,910$49,530
7 years$63,315$59,064$55,090$51,377$47,910$38,980
8 years$54,841$50,629$46,721$43,099$39,746$31,262
9 years$48,254$44,082$40,241$36,711$33,472$25,427
10 years$42,987$38,856$35,083$31,645$28,519$20,905
11 years$38,681$34,591$30,886$27,540$24,528$17,332
12 years$35,095$31,047$27,411$24,157$21,255$14,466
13 years$32,063$28,058$24,490$21,327$18,535$12,140
14 years$29,467$25,504$22,004$18,931$16,248$10,233
15 years$27,218$23,298$19,867$16,884$14,306$8,657
16 years$25,253$21,375$18,012$15,117$12,643$7,346
17 years$23,521$19,686$16,390$13,583$11,210$6,249
18 years$21,983$18,191$14,962$12,241$9,968$5,327
19 years$20,608$16,859$13,697$11,061$8,885$4,549
20 years$19,372$15,666$12,571$10,018$7,936$3,890
21 years$18,256$14,592$11,563$9,092$7,102$3,331
22 years$17,242$13,621$10,657$8,266$6,366$2,856
23 years$16,318$12,740$9,840$7,528$5,714$2,450
24 years$15,472$11,936$9,100$6,866$5,136$2,104
25 years$14,695$11,202$8,428$6,271$4,622$1,808
26 years$13,979$10,528$7,817$5,734$4,163$1,555
27 years$13,318$9,908$7,259$5,248$3,753$1,337
28 years$12,704$9,336$6,748$4,808$3,387$1,151
29 years$12,134$8,808$6,279$4,409$3,058$991
30 years$11,603$8,318$5,849$4,047$2,763$853
31 years$11,107$7,863$5,453$3,717$2,498$735
32 years$10,643$7,440$5,088$3,416$2,260$633
33 years$10,208$7,046$4,750$3,141$2,045$546
34 years$9,799$6,678$4,438$2,890$1,852$470
35 years$9,415$6,334$4,150$2,660$1,677$405
36 years$9,053$6,012$3,882$2,450$1,520$350
37 years$8,711$5,710$3,633$2,257$1,377$301
38 years$8,388$5,426$3,403$2,081$1,249$260
39 years$8,082$5,160$3,188$1,919$1,132$224
40 years$7,793$4,909$2,988$1,770$1,027$193
41 years$7,518$4,673$2,802$1,633$932$167
42 years$7,257$4,451$2,628$1,507$845$144
43 years$7,009$4,241$2,466$1,391$767$124
44 years$6,772$4,042$2,315$1,284$696$107
45 years$6,547$3,855$2,174$1,186$632$92
46 years$6,333$3,677$2,042$1,096$574$80
47 years$6,128$3,509$1,918$1,012$521$69
48 years$5,932$3,350$1,802$935$473$59
49 years$5,744$3,199$1,694$864$430$51
50 years$5,565$3,056$1,593$799$391$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,700,000, adding $3,377 every year, while hoping to spend $50,014 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: 62/18/20 Blend
73$5,700,000$5,700,000$5,700,000$5,700,000
74$6,284,883$5,982,783$5,894,433$6,641,858
75$6,872,727$6,222,725$6,038,682$7,123,084
76$7,518,854$6,472,748$6,186,087$7,642,354
77$8,229,158$6,733,293$6,336,702$8,208,126
78$9,010,128$7,004,821$6,490,578$8,824,933
79$9,868,918$7,287,814$6,647,769$9,497,763
80$10,813,407$7,582,776$6,808,329$10,232,108
81$11,852,277$7,890,234$6,972,309$11,034,008
82$12,995,092$8,210,738$7,139,765$11,910,115
83$14,252,391$8,544,865$7,310,747$12,867,748
84$15,635,787$8,893,215$7,485,309$13,914,966
85$17,158,073$9,256,418$7,663,502$15,060,640
86$18,833,347$9,635,133$7,845,380$16,314,537
87$20,677,140$10,030,046$8,030,992$17,687,410
88$22,706,569$10,441,879$8,220,390$19,191,099
89$24,940,490$10,871,382$8,413,625$20,838,641
90$27,399,684$11,319,344$8,610,745$22,644,394
91$30,107,047$11,786,587$8,811,800$24,624,165
92$33,087,807$12,273,971$9,016,837$26,795,365
93$36,369,764$12,782,397$9,225,902$29,177,169
94$39,983,552$13,312,806$9,439,042$31,790,692
95$43,962,925$13,866,184$9,656,300$34,659,192
96$48,345,077$14,443,560$9,877,720$37,808,287
97$53,170,993$15,046,013$10,103,341$41,266,190
98$58,485,836$15,674,669$10,333,205$45,063,980
99$64,339,372$16,330,709$10,567,349$49,235,891
100$70,786,441$17,015,366$10,805,807$53,819,630