Can I retire at age 74 with 6,100,000?

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 $6,100,000?

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 years$503,732$499,245$494,868$490,595$486,423$474,471
2 years$249,372$244,728$240,227$235,863$231,630$219,662
3 years$164,597$159,933$155,443$151,120$146,955$135,347
4 years$122,217$117,567$113,123$108,873$104,810$93,649
5 years$96,796$92,174$87,788$83,625$79,675$68,993
6 years$79,855$75,267$70,946$66,876$63,044$52,851
7 years$67,758$63,209$58,956$54,982$51,272$41,570
8 years$58,690$54,182$49,999$46,123$42,535$33,319
9 years$51,640$47,175$43,064$39,287$35,820$27,084
10 years$46,004$41,583$37,545$33,866$30,521$22,253
11 years$41,396$37,019$33,054$29,473$26,249$18,438
12 years$37,558$33,226$29,334$25,852$22,747$15,380
13 years$34,313$30,026$26,208$22,823$19,836$12,898
14 years$31,535$27,293$23,548$20,260$17,388$10,864
15 years$29,129$24,933$21,261$18,068$15,310$9,185
16 years$27,025$22,875$19,276$16,178$13,531$7,788
17 years$25,171$21,067$17,540$14,536$11,997$6,620
18 years$23,525$19,467$16,012$13,100$10,667$5,639
19 years$22,054$18,042$14,658$11,837$9,508$4,812
20 years$20,732$16,766$13,453$10,721$8,493$4,112
21 years$19,537$15,616$12,374$9,730$7,600$3,519
22 years$18,452$14,577$11,405$8,846$6,812$3,014
23 years$17,463$13,634$10,530$8,057$6,115$2,584
24 years$16,558$12,774$9,739$7,348$5,496$2,217
25 years$15,727$11,988$9,020$6,711$4,946$1,904
26 years$14,960$11,267$8,365$6,136$4,455$1,636
27 years$14,252$10,603$7,768$5,616$4,017$1,406
28 years$13,596$9,991$7,221$5,146$3,624$1,209
29 years$12,985$9,426$6,720$4,719$3,273$1,040
30 years$12,417$8,902$6,260$4,331$2,957$895
31 years$11,886$8,415$5,836$3,977$2,673$770
32 years$11,390$7,962$5,445$3,655$2,418$663
33 years$10,924$7,540$5,084$3,361$2,189$571
34 years$10,487$7,147$4,750$3,093$1,982$492
35 years$10,076$6,778$4,441$2,847$1,795$423
36 years$9,688$6,434$4,154$2,622$1,626$365
37 years$9,322$6,111$3,888$2,416$1,474$314
38 years$8,977$5,807$3,641$2,227$1,336$271
39 years$8,650$5,522$3,412$2,053$1,212$233
40 years$8,340$5,254$3,198$1,894$1,099$201
41 years$8,046$5,001$2,998$1,747$997$173
42 years$7,766$4,763$2,813$1,613$905$149
43 years$7,501$4,538$2,639$1,489$821$129
44 years$7,248$4,326$2,477$1,374$745$111
45 years$7,007$4,125$2,326$1,269$677$96
46 years$6,777$3,935$2,185$1,172$614$82
47 years$6,558$3,755$2,053$1,083$558$71
48 years$6,348$3,585$1,929$1,001$507$61
49 years$6,148$3,423$1,813$925$460$53
50 years$5,956$3,270$1,704$855$418$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $6,100,000, adding $2,803 every year, while hoping to spend $36,034 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: 54/25/21 Blend
73$6,100,000$6,100,000$6,100,000$6,100,000
74$6,725,091$6,401,791$6,307,241$7,049,514
75$7,372,711$6,677,139$6,480,194$7,547,712
76$8,085,180$6,964,771$6,657,733$8,085,742
77$8,869,075$7,265,252$6,839,974$8,670,668
78$9,731,642$7,579,171$7,027,034$9,306,985
79$10,680,865$7,907,146$7,219,036$9,999,630
80$11,725,543$8,249,826$7,416,103$10,754,036
81$12,875,367$8,607,886$7,618,361$11,576,177
82$14,141,018$8,982,036$7,825,940$12,472,621
83$15,534,265$9,373,019$8,038,972$13,450,597
84$17,068,076$9,781,613$8,257,594$14,518,055
85$18,756,739$10,208,631$8,481,942$15,683,740
86$20,615,999$10,654,926$8,712,159$16,957,277
87$22,663,204$11,121,391$8,948,390$18,349,255
88$24,917,472$11,608,960$9,190,783$19,871,328
89$27,399,868$12,118,613$9,439,488$21,536,320
90$30,133,604$12,651,375$9,694,660$23,358,349
91$33,144,258$13,208,319$9,956,457$25,352,949
92$36,460,015$13,790,569$10,225,042$27,537,225
93$40,111,933$14,399,303$10,500,577$29,930,002
94$44,134,236$15,035,755$10,783,232$32,552,007
95$48,564,637$15,701,216$11,073,179$35,426,057
96$53,444,693$16,397,039$11,370,594$38,577,277
97$58,820,199$17,124,640$11,675,656$42,033,328
98$64,741,617$17,885,505$11,988,548$45,824,668
99$71,264,554$18,681,188$12,309,457$49,984,837
100$78,450,289$19,513,316$12,638,574$54,550,769