Can I retire at age 74 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$487,216$482,877$478,642$474,510$470,474$467,705
2 years$241,196$236,704$232,351$228,130$224,035$221,242
3 years$159,200$154,689$150,346$146,165$142,137$139,406
4 years$118,210$113,713$109,414$105,304$101,373$98,725
5 years$93,623$89,152$84,909$80,883$77,063$74,505
6 years$77,236$72,799$68,619$64,683$60,977$58,513
7 years$65,536$61,137$57,023$53,179$49,591$47,222
8 years$56,765$52,406$48,360$44,611$41,140$38,867
9 years$49,947$45,628$41,653$37,999$34,646$32,468
10 years$44,496$40,219$36,314$32,755$29,520$27,435
11 years$40,038$35,805$31,970$28,507$25,388$23,396
12 years$36,327$32,136$28,373$25,004$22,001$20,099
13 years$33,188$29,042$25,349$22,075$19,185$17,372
14 years$30,501$26,398$22,776$19,596$16,818$15,091
15 years$28,174$24,115$20,564$17,476$14,808$13,166
16 years$26,139$22,125$18,644$15,648$13,087$11,527
17 years$24,346$20,377$16,965$14,059$11,604$10,123
18 years$22,754$18,829$15,487$12,670$10,318$8,914
19 years$21,331$17,450$14,178$11,449$9,196$7,867
20 years$20,052$16,216$13,012$10,369$8,214$6,957
21 years$18,897$15,104$11,968$9,411$7,351$6,163
22 years$17,847$14,099$11,031$8,556$6,589$5,468
23 years$16,891$13,187$10,185$7,792$5,915$4,857
24 years$16,015$12,355$9,419$7,107$5,316$4,320
25 years$15,211$11,595$8,724$6,491$4,784$3,846
26 years$14,470$10,897$8,091$5,935$4,309$3,427
27 years$13,785$10,256$7,513$5,432$3,885$3,056
28 years$13,150$9,664$6,985$4,977$3,506$2,727
29 years$12,560$9,117$6,500$4,564$3,165$2,436
30 years$12,010$8,610$6,054$4,189$2,860$2,176
31 years$11,497$8,139$5,644$3,847$2,586$1,945
32 years$11,016$7,701$5,266$3,535$2,339$1,740
33 years$10,566$7,293$4,917$3,251$2,117$1,557
34 years$10,143$6,912$4,594$2,991$1,917$1,393
35 years$9,745$6,556$4,295$2,754$1,736$1,247
36 years$9,371$6,223$4,018$2,536$1,573$1,117
37 years$9,017$5,910$3,761$2,337$1,426$1,000
38 years$8,682$5,617$3,522$2,154$1,292$896
39 years$8,366$5,341$3,300$1,986$1,172$803
40 years$8,066$5,082$3,093$1,832$1,063$720
41 years$7,782$4,837$2,900$1,690$964$645
42 years$7,512$4,607$2,720$1,560$875$579
43 years$7,255$4,389$2,553$1,440$794$519
44 years$7,010$4,184$2,396$1,329$721$465
45 years$6,777$3,990$2,250$1,228$654$417
46 years$6,555$3,806$2,113$1,134$594$374
47 years$6,343$3,632$1,985$1,048$540$336
48 years$6,140$3,467$1,866$968$490$301
49 years$5,946$3,311$1,754$895$445$270
50 years$5,760$3,163$1,649$827$404$242

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,900,000, adding $2,664 every year, while hoping to spend $49,378 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: 62/10/28 Blend
73$5,900,000$5,900,000$5,900,000$5,900,000
74$6,504,548$6,191,848$6,100,398$6,858,812
75$7,115,474$6,442,711$6,252,223$7,350,758
76$7,787,060$6,704,211$6,407,480$7,882,100
77$8,525,440$6,976,817$6,566,231$8,461,259
78$9,337,374$7,261,021$6,728,539$9,092,923
79$10,230,309$7,557,334$6,894,468$9,782,253
80$11,212,450$7,866,292$7,064,082$10,534,929
81$12,292,837$8,188,458$7,237,446$11,357,205
82$13,481,430$8,524,416$7,414,624$12,255,968
83$14,789,203$8,874,779$7,595,681$13,238,797
84$16,228,248$9,240,190$7,780,683$14,314,042
85$17,811,888$9,621,318$7,969,694$15,490,895
86$19,554,803$10,018,864$8,162,781$16,779,476
87$21,473,167$10,433,563$8,360,008$18,190,935
88$23,584,803$10,866,180$8,561,441$19,737,548
89$25,909,349$11,317,519$8,767,146$21,432,835
90$28,468,444$11,788,419$8,977,187$23,291,688
91$31,285,931$12,279,758$9,191,629$25,330,509
92$34,388,084$12,792,454$9,410,536$27,567,364
93$37,803,853$13,327,468$9,633,973$30,022,152
94$41,565,137$13,885,806$9,862,003$32,716,794
95$45,707,090$14,468,519$10,094,689$35,675,434
96$50,268,444$15,076,708$10,332,092$38,924,671
97$55,291,883$15,711,523$10,574,274$42,493,806
98$60,824,438$16,374,171$10,821,295$46,415,117
99$66,917,936$17,065,911$11,073,214$50,724,164
100$73,629,487$17,788,062$11,330,088$55,460,123