Can I retire at age 74 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$495,474$491,061$486,755$482,552$478,448$466,503
2 years$245,284$240,716$236,289$231,996$227,833$215,874
3 years$161,899$157,311$152,895$148,642$144,546$132,948
4 years$120,214$115,640$111,268$107,088$103,092$91,943
5 years$95,210$90,663$86,349$82,254$78,369$67,700
6 years$78,545$74,033$69,782$65,779$62,010$51,833
7 years$66,647$62,173$57,990$54,081$50,431$40,746
8 years$57,728$53,294$49,180$45,367$41,837$32,640
9 years$50,794$46,402$42,359$38,643$35,233$26,516
10 years$45,250$40,901$36,929$33,310$30,020$21,773
11 years$40,717$36,412$32,512$28,990$25,819$18,029
12 years$36,942$32,681$28,853$25,428$22,374$15,028
13 years$33,751$29,534$25,779$22,449$19,510$12,595
14 years$31,018$26,846$23,162$19,928$17,103$10,602
15 years$28,651$24,524$20,912$17,772$15,059$8,956
16 years$26,582$22,500$18,960$15,913$13,309$7,589
17 years$24,759$20,722$17,253$14,298$11,801$6,446
18 years$23,140$19,148$15,750$12,885$10,492$5,487
19 years$21,693$17,746$14,418$11,643$9,352$4,679
20 years$20,392$16,491$13,232$10,545$8,354$3,995
21 years$19,217$15,360$12,171$9,570$7,475$3,416
22 years$18,150$14,338$11,218$8,701$6,701$2,924
23 years$17,177$13,410$10,357$7,925$6,015$2,505
24 years$16,287$12,565$9,579$7,228$5,406$2,148
25 years$15,469$11,791$8,872$6,601$4,865$1,842
26 years$14,715$11,082$8,228$6,035$4,382$1,582
27 years$14,018$10,429$7,641$5,524$3,951$1,358
28 years$13,373$9,828$7,103$5,061$3,565$1,167
29 years$12,773$9,271$6,610$4,641$3,219$1,003
30 years$12,213$8,756$6,157$4,260$2,909$862
31 years$11,691$8,277$5,740$3,912$2,630$742
32 years$11,203$7,832$5,355$3,595$2,379$638
33 years$10,745$7,417$5,000$3,306$2,153$549
34 years$10,315$7,029$4,672$3,042$1,949$472
35 years$9,911$6,667$4,368$2,800$1,765$406
36 years$9,529$6,328$4,086$2,579$1,599$350
37 years$9,170$6,010$3,825$2,376$1,450$301
38 years$8,830$5,712$3,582$2,190$1,314$259
39 years$8,508$5,432$3,356$2,020$1,192$223
40 years$8,203$5,168$3,145$1,863$1,081$192
41 years$7,914$4,919$2,949$1,719$981$165
42 years$7,639$4,685$2,766$1,586$890$142
43 years$7,378$4,464$2,596$1,464$808$123
44 years$7,129$4,255$2,437$1,352$733$106
45 years$6,892$4,057$2,288$1,248$666$91
46 years$6,666$3,871$2,149$1,153$604$78
47 years$6,450$3,694$2,019$1,065$549$67
48 years$6,244$3,526$1,897$985$498$58
49 years$6,047$3,367$1,783$910$453$50
50 years$5,858$3,217$1,677$841$411$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $6,000,000, adding $3,727 every year, while hoping to spend $37,120 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: 70/5/25 Blend
73$6,000,000$6,000,000$6,000,000$6,000,000
74$6,615,844$6,297,844$6,204,844$7,036,645
75$7,251,165$6,566,943$6,373,211$7,587,911
76$7,950,044$6,847,984$6,545,974$8,186,507
77$8,718,926$7,141,513$6,723,242$8,840,925
78$9,564,910$7,448,100$6,905,124$9,556,700
79$10,495,819$7,768,345$7,091,734$10,339,928
80$11,520,272$8,102,874$7,283,186$11,197,319
81$12,647,767$8,452,341$7,479,600$12,136,266
82$13,888,767$8,817,434$7,681,095$13,164,907
83$15,254,804$9,198,871$7,887,794$14,292,208
84$16,758,582$9,597,404$8,099,823$15,528,039
85$18,414,101$10,013,820$8,317,311$16,883,276
86$20,236,787$10,448,944$8,540,388$18,369,895
87$22,243,636$10,903,640$8,769,188$20,001,087
88$24,453,379$11,378,810$9,003,847$21,791,384
89$26,886,653$11,875,402$9,244,506$23,756,792
90$29,566,201$12,394,406$9,491,307$25,914,942
91$32,517,082$12,936,860$9,744,394$28,285,258
92$35,766,910$13,503,851$10,003,916$30,889,135
93$39,346,112$14,096,517$10,270,025$33,750,146
94$43,288,218$14,716,050$10,542,873$36,894,257
95$47,630,177$15,363,696$10,822,620$40,350,077
96$52,412,702$16,040,764$11,109,425$44,149,123
97$57,680,658$16,748,623$11,403,451$48,326,117
98$63,483,485$17,488,704$11,704,866$52,919,315
99$69,875,660$18,262,511$12,013,839$57,970,865
100$76,917,219$19,071,616$12,330,544$63,527,205