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%11.6%
1 years$495,474$491,061$486,755$482,552$478,448$475,234
2 years$245,284$240,716$236,289$231,996$227,833$224,591
3 years$161,899$157,311$152,895$148,642$144,546$141,377
4 years$120,214$115,640$111,268$107,088$103,092$100,020
5 years$95,210$90,663$86,349$82,254$78,369$75,403
6 years$78,545$74,033$69,782$65,779$62,010$59,155
7 years$66,647$62,173$57,990$54,081$50,431$47,688
8 years$57,728$53,294$49,180$45,367$41,837$39,206
9 years$50,794$46,402$42,359$38,643$35,233$32,712
10 years$45,250$40,901$36,929$33,310$30,020$27,609
11 years$40,717$36,412$32,512$28,990$25,819$23,515
12 years$36,942$32,681$28,853$25,428$22,374$20,176
13 years$33,751$29,534$25,779$22,449$19,510$17,417
14 years$31,018$26,846$23,162$19,928$17,103$15,110
15 years$28,651$24,524$20,912$17,772$15,059$13,165
16 years$26,582$22,500$18,960$15,913$13,309$11,510
17 years$24,759$20,722$17,253$14,298$11,801$10,095
18 years$23,140$19,148$15,750$12,885$10,492$8,877
19 years$21,693$17,746$14,418$11,643$9,352$7,823
20 years$20,392$16,491$13,232$10,545$8,354$6,908
21 years$19,217$15,360$12,171$9,570$7,475$6,110
22 years$18,150$14,338$11,218$8,701$6,701$5,413
23 years$17,177$13,410$10,357$7,925$6,015$4,801
24 years$16,287$12,565$9,579$7,228$5,406$4,264
25 years$15,469$11,791$8,872$6,601$4,865$3,790
26 years$14,715$11,082$8,228$6,035$4,382$3,372
27 years$14,018$10,429$7,641$5,524$3,951$3,002
28 years$13,373$9,828$7,103$5,061$3,565$2,675
29 years$12,773$9,271$6,610$4,641$3,219$2,385
30 years$12,213$8,756$6,157$4,260$2,909$2,128
31 years$11,691$8,277$5,740$3,912$2,630$1,899
32 years$11,203$7,832$5,355$3,595$2,379$1,695
33 years$10,745$7,417$5,000$3,306$2,153$1,514
34 years$10,315$7,029$4,672$3,042$1,949$1,353
35 years$9,911$6,667$4,368$2,800$1,765$1,209
36 years$9,529$6,328$4,086$2,579$1,599$1,081
37 years$9,170$6,010$3,825$2,376$1,450$967
38 years$8,830$5,712$3,582$2,190$1,314$865
39 years$8,508$5,432$3,356$2,020$1,192$774
40 years$8,203$5,168$3,145$1,863$1,081$692
41 years$7,914$4,919$2,949$1,719$981$619
42 years$7,639$4,685$2,766$1,586$890$554
43 years$7,378$4,464$2,596$1,464$808$496
44 years$7,129$4,255$2,437$1,352$733$444
45 years$6,892$4,057$2,288$1,248$666$398
46 years$6,666$3,871$2,149$1,153$604$356
47 years$6,450$3,694$2,019$1,065$549$319
48 years$6,244$3,526$1,897$985$498$286
49 years$6,047$3,367$1,783$910$453$256
50 years$5,858$3,217$1,677$841$411$229

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 $3,552 every year, while hoping to spend $58,753 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: 66/29/5 Blend
73$6,000,000$6,000,000$6,000,000$6,000,000
74$6,615,664$6,297,664$6,204,664$7,047,838
75$7,227,949$6,543,737$6,350,007$7,581,040
76$7,900,718$6,799,898$6,498,251$8,156,109
77$8,640,078$7,066,580$6,649,429$8,782,969
78$9,452,758$7,344,234$6,803,577$9,466,652
79$10,346,170$7,633,332$6,960,727$10,212,696
80$11,328,480$7,934,367$7,120,913$11,027,191
81$12,408,687$8,247,853$7,284,165$11,916,840
82$13,596,703$8,574,327$7,450,515$12,889,018
83$14,903,450$8,914,353$7,619,991$13,951,842
84$16,340,962$9,268,516$7,792,620$15,114,243
85$17,922,497$9,637,430$7,968,429$16,386,054
86$19,662,663$10,021,735$8,147,443$17,778,095
87$21,577,556$10,422,102$8,329,684$19,302,279
88$23,684,912$10,839,230$8,515,173$20,971,718
89$26,004,270$11,273,850$8,703,929$22,800,849
90$28,557,164$11,726,726$8,895,969$24,805,565
91$31,367,317$12,198,658$9,091,306$27,003,367
92$34,460,871$12,690,480$9,289,953$29,413,522
93$37,866,631$13,203,065$9,491,918$32,057,248
94$41,616,338$13,737,326$9,697,207$34,957,906
95$45,744,965$14,294,216$9,905,825$38,141,227
96$50,291,051$14,874,731$10,117,769$41,635,541
97$55,297,060$15,479,915$10,333,036$45,472,053
98$60,809,787$16,110,857$10,551,619$49,685,128
99$66,880,793$16,768,697$10,773,507$54,312,614
100$73,566,896$17,454,626$10,998,682$59,396,198