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%12.5%
1 years$470,701$466,508$462,417$458,425$454,526$449,779
2 years$233,020$228,680$224,474$220,396$216,441$211,661
3 years$153,804$149,445$145,250$141,210$137,319$132,654
4 years$114,203$109,858$105,705$101,734$97,937$93,423
5 years$90,449$86,130$82,031$78,141$74,450$70,100
6 years$74,618$70,332$66,293$62,490$58,910$54,729
7 years$63,315$59,064$55,090$51,377$47,910$43,900
8 years$54,841$50,629$46,721$43,099$39,746$35,907
9 years$48,254$44,082$40,241$36,711$33,472$29,802
10 years$42,987$38,856$35,083$31,645$28,519$25,018
11 years$38,681$34,591$30,886$27,540$24,528$21,190
12 years$35,095$31,047$27,411$24,157$21,255$18,079
13 years$32,063$28,058$24,490$21,327$18,535$15,516
14 years$29,467$25,504$22,004$18,931$16,248$13,381
15 years$27,218$23,298$19,867$16,884$14,306$11,588
16 years$25,253$21,375$18,012$15,117$12,643$10,070
17 years$23,521$19,686$16,390$13,583$11,210$8,776
18 years$21,983$18,191$14,962$12,241$9,968$7,668
19 years$20,608$16,859$13,697$11,061$8,885$6,714
20 years$19,372$15,666$12,571$10,018$7,936$5,890
21 years$18,256$14,592$11,563$9,092$7,102$5,175
22 years$17,242$13,621$10,657$8,266$6,366$4,554
23 years$16,318$12,740$9,840$7,528$5,714$4,012
24 years$15,472$11,936$9,100$6,866$5,136$3,538
25 years$14,695$11,202$8,428$6,271$4,622$3,123
26 years$13,979$10,528$7,817$5,734$4,163$2,759
27 years$13,318$9,908$7,259$5,248$3,753$2,439
28 years$12,704$9,336$6,748$4,808$3,387$2,158
29 years$12,134$8,808$6,279$4,409$3,058$1,910
30 years$11,603$8,318$5,849$4,047$2,763$1,691
31 years$11,107$7,863$5,453$3,717$2,498$1,498
32 years$10,643$7,440$5,088$3,416$2,260$1,328
33 years$10,208$7,046$4,750$3,141$2,045$1,177
34 years$9,799$6,678$4,438$2,890$1,852$1,044
35 years$9,415$6,334$4,150$2,660$1,677$926
36 years$9,053$6,012$3,882$2,450$1,520$822
37 years$8,711$5,710$3,633$2,257$1,377$729
38 years$8,388$5,426$3,403$2,081$1,249$647
39 years$8,082$5,160$3,188$1,919$1,132$575
40 years$7,793$4,909$2,988$1,770$1,027$510
41 years$7,518$4,673$2,802$1,633$932$453
42 years$7,257$4,451$2,628$1,507$845$402
43 years$7,009$4,241$2,466$1,391$767$357
44 years$6,772$4,042$2,315$1,284$696$317
45 years$6,547$3,855$2,174$1,186$632$282
46 years$6,333$3,677$2,042$1,096$574$251
47 years$6,128$3,509$1,918$1,012$521$223
48 years$5,932$3,350$1,802$935$473$198
49 years$5,744$3,199$1,694$864$430$176
50 years$5,565$3,056$1,593$799$391$156

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 $6,881 every year, while hoping to spend $24,918 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: 61/25/14 Blend
73$5,700,000$5,700,000$5,700,000$5,700,000
74$6,288,498$5,986,398$5,898,048$6,650,013
75$6,903,412$6,253,219$6,069,120$7,160,758
76$7,580,212$6,532,279$6,245,088$7,714,427
77$8,325,185$6,824,151$6,426,089$8,318,013
78$9,145,256$7,129,437$6,612,265$8,976,351
79$10,048,058$7,448,765$6,803,762$9,694,756
80$11,042,000$7,782,795$7,000,728$10,479,077
81$12,136,349$8,132,217$7,203,317$11,335,746
82$13,341,315$8,497,754$7,411,687$12,271,840
83$14,668,151$8,880,166$7,626,000$13,295,144
84$16,129,253$9,280,245$7,846,422$14,414,224
85$17,738,284$9,698,824$8,073,125$15,638,508
86$19,510,297$10,136,774$8,306,283$16,978,369
87$21,461,881$10,595,010$8,546,077$18,445,224
88$23,611,315$11,074,487$8,792,692$20,051,638
89$25,978,741$11,576,209$9,046,319$21,811,442
90$28,586,355$12,101,226$9,307,153$23,739,860
91$31,458,617$12,650,639$9,575,396$25,853,653
92$34,622,477$13,225,601$9,851,253$28,171,269
93$38,107,635$13,827,322$10,134,936$30,713,022
94$41,946,821$14,457,068$10,426,663$33,501,275
95$46,176,098$15,116,165$10,726,658$36,560,653
96$50,835,208$15,806,005$11,035,149$39,918,270
97$55,967,946$16,528,046$11,352,373$43,603,980
98$61,622,571$17,283,815$11,678,572$47,650,660
99$67,852,263$18,074,911$12,013,994$52,094,516
100$74,715,625$18,903,014$12,358,894$56,975,418