Can I retire at age 74 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$478,959$474,692$470,530$466,467$462,500$445,736
2 years$237,108$232,692$228,413$224,263$220,238$203,532
3 years$156,502$152,067$147,798$143,688$139,728$123,606
4 years$116,207$111,785$107,559$103,519$99,655$84,240
5 years$92,036$87,641$83,470$79,512$75,756$61,088
6 years$75,927$71,566$67,456$63,587$59,943$46,033
7 years$64,426$60,101$56,057$52,278$48,750$35,594
8 years$55,803$51,517$47,540$43,855$40,443$28,030
9 years$49,101$44,855$40,947$37,355$34,059$22,372
10 years$43,742$39,538$35,698$32,200$29,020$18,040
11 years$39,360$35,198$31,428$28,024$24,958$14,661
12 years$35,711$31,592$27,892$24,580$21,628$11,989
13 years$32,626$28,550$24,919$21,701$18,860$9,852
14 years$29,984$25,951$22,390$19,264$16,533$8,128
15 years$27,696$23,707$20,215$17,180$14,557$6,727
16 years$25,696$21,750$18,328$15,383$12,865$5,582
17 years$23,933$20,031$16,678$13,821$11,407$4,642
18 years$22,368$18,510$15,225$12,456$10,143$3,867
19 years$20,970$17,155$13,938$11,255$9,040$3,226
20 years$19,712$15,941$12,791$10,193$8,075$2,695
21 years$18,576$14,848$11,765$9,251$7,226$2,253
22 years$17,545$13,860$10,844$8,411$6,477$1,885
23 years$16,605$12,963$10,012$7,660$5,814$1,579
24 years$15,744$12,146$9,260$6,987$5,226$1,323
25 years$14,953$11,398$8,576$6,381$4,703$1,109
26 years$14,225$10,713$7,954$5,834$4,236$930
27 years$13,551$10,082$7,386$5,340$3,819$780
28 years$12,927$9,500$6,866$4,893$3,446$654
29 years$12,347$8,962$6,390$4,487$3,112$549
30 years$11,806$8,464$5,952$4,118$2,812$461
31 years$11,302$8,001$5,549$3,782$2,542$387
32 years$10,830$7,571$5,177$3,476$2,299$325
33 years$10,387$7,170$4,834$3,196$2,081$273
34 years$9,971$6,795$4,516$2,941$1,884$229
35 years$9,580$6,445$4,222$2,707$1,706$193
36 years$9,212$6,117$3,950$2,493$1,546$162
37 years$8,864$5,810$3,697$2,297$1,401$136
38 years$8,535$5,522$3,462$2,117$1,270$114
39 years$8,224$5,250$3,244$1,952$1,152$96
40 years$7,930$4,995$3,040$1,801$1,045$81
41 years$7,650$4,755$2,851$1,661$948$68
42 years$7,384$4,529$2,674$1,533$860$57
43 years$7,132$4,315$2,509$1,415$781$48
44 years$6,891$4,113$2,355$1,307$709$40
45 years$6,662$3,922$2,212$1,207$643$34
46 years$6,444$3,742$2,077$1,115$584$28
47 years$6,235$3,571$1,952$1,030$530$24
48 years$6,036$3,409$1,834$952$482$20
49 years$5,845$3,255$1,724$880$437$17
50 years$5,663$3,109$1,621$813$397$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,800,000, adding $5,656 every year, while hoping to spend $45,860 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: 81/13/6 Blend
73$5,800,000$5,800,000$5,800,000$5,800,000
74$6,397,434$6,090,034$6,000,134$6,912,513
75$7,001,178$6,339,651$6,152,344$7,499,877
76$7,664,966$6,599,962$6,308,116$8,137,685
77$8,394,876$6,871,443$6,467,520$8,836,268
78$9,197,600$7,154,591$6,630,630$9,601,672
79$10,080,516$7,449,927$6,797,517$10,440,558
80$11,051,749$7,757,994$6,968,254$11,360,257
81$12,120,253$8,079,361$7,142,916$12,368,844
82$13,295,893$8,414,624$7,321,578$13,475,211
83$14,589,539$8,764,405$7,504,315$14,689,150
84$16,013,167$9,129,356$7,691,205$16,021,445
85$17,579,972$9,510,157$7,882,323$17,483,973
86$19,304,496$9,907,522$8,077,747$19,089,815
87$21,202,760$10,322,195$8,277,557$20,853,379
88$23,292,416$10,754,957$8,481,830$22,790,534
89$25,592,917$11,206,625$8,690,645$24,918,759
90$28,125,697$11,678,051$8,904,084$27,257,308
91$30,914,372$12,170,130$9,122,225$29,827,390
92$33,984,968$12,683,796$9,345,149$32,652,367
93$37,366,160$13,220,028$9,572,937$35,757,975
94$41,089,548$13,779,849$9,805,670$39,172,564
95$45,189,950$14,364,330$10,043,429$42,927,367
96$49,705,736$14,974,593$10,286,294$47,056,789
97$54,679,184$15,611,810$10,534,348$51,598,735
98$60,156,882$16,277,211$10,787,670$56,594,964
99$66,190,169$16,972,079$11,046,342$62,091,482
100$72,835,616$17,697,760$11,310,444$68,138,973