Can I retire at age 74 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$520,248$515,614$511,093$506,680$502,371$491,826
2 years$257,549$252,752$248,103$243,596$239,224$228,650
3 years$169,994$165,176$160,539$156,074$151,774$141,500
4 years$126,225$121,422$116,831$112,443$108,246$98,352
5 years$99,970$95,196$90,666$86,367$82,287$72,801
6 years$82,473$77,735$73,272$69,068$65,111$56,043
7 years$69,980$65,282$60,889$56,785$52,953$44,305
8 years$60,614$55,958$51,639$47,635$43,929$35,698
9 years$53,333$48,722$44,476$40,575$36,995$29,175
10 years$47,512$42,946$38,776$34,976$31,521$24,105
11 years$42,753$38,232$34,137$30,439$27,110$20,088
12 years$38,789$34,315$30,296$26,700$23,493$16,854
13 years$35,438$31,011$27,068$23,572$20,486$14,220
14 years$32,569$28,188$24,320$20,924$17,958$12,052
15 years$30,084$25,750$21,958$18,661$15,812$10,252
16 years$27,911$23,625$19,908$16,709$13,974$8,749
17 years$25,997$21,758$18,116$15,013$12,391$7,485
18 years$24,297$20,106$16,537$13,529$11,017$6,418
19 years$22,777$18,634$15,139$12,225$9,820$5,514
20 years$21,412$17,315$13,894$11,072$8,771$4,744
21 years$20,178$16,128$12,780$10,049$7,849$4,088
22 years$19,057$15,055$11,778$9,136$7,036$3,526
23 years$18,036$14,081$10,875$8,321$6,316$3,044
24 years$17,101$13,193$10,058$7,589$5,677$2,631
25 years$16,242$12,381$9,316$6,931$5,108$2,275
26 years$15,451$11,636$8,640$6,337$4,601$1,969
27 years$14,719$10,951$8,023$5,801$4,148$1,705
28 years$14,041$10,319$7,458$5,315$3,743$1,476
29 years$13,411$9,735$6,940$4,874$3,380$1,279
30 years$12,824$9,193$6,465$4,473$3,054$1,109
31 years$12,276$8,691$6,027$4,108$2,761$962
32 years$11,763$8,223$5,623$3,775$2,498$834
33 years$11,282$7,788$5,250$3,472$2,260$724
34 years$10,831$7,381$4,906$3,194$2,047$628
35 years$10,406$7,001$4,586$2,940$1,854$545
36 years$10,006$6,645$4,291$2,708$1,679$473
37 years$9,628$6,311$4,016$2,495$1,522$411
38 years$9,271$5,998$3,761$2,300$1,380$356
39 years$8,933$5,703$3,523$2,121$1,251$309
40 years$8,613$5,426$3,302$1,956$1,135$269
41 years$8,309$5,165$3,097$1,805$1,030$233
42 years$8,021$4,919$2,905$1,665$934$203
43 years$7,746$4,687$2,726$1,537$848$176
44 years$7,485$4,468$2,559$1,419$770$153
45 years$7,236$4,260$2,402$1,311$699$133
46 years$6,999$4,064$2,256$1,211$634$115
47 years$6,773$3,878$2,120$1,119$576$100
48 years$6,556$3,702$1,992$1,034$523$87
49 years$6,349$3,536$1,872$955$475$76
50 years$6,151$3,377$1,760$883$432$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $6,300,000, adding $5,278 every year, while hoping to spend $47,339 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: 65/28/7 Blend
73$6,300,000$6,300,000$6,300,000$6,300,000
74$6,948,044$6,614,144$6,516,494$7,390,578
75$7,606,376$6,887,869$6,684,428$7,959,286
76$8,330,272$7,173,420$6,856,402$8,574,256
77$9,126,368$7,471,326$7,032,500$9,244,876
78$10,001,978$7,782,141$7,212,809$9,976,551
79$10,965,159$8,106,445$7,397,417$10,775,231
80$12,024,788$8,444,844$7,586,413$11,647,459
81$13,190,646$8,797,971$7,779,888$12,600,433
82$14,473,511$9,166,491$7,977,934$13,642,076
83$15,885,257$9,551,097$8,180,642$14,781,103
84$17,438,968$9,952,515$8,388,108$16,027,107
85$19,149,060$10,371,505$8,600,427$17,390,645
86$21,031,417$10,808,862$8,817,694$18,883,334
87$23,103,543$11,265,418$9,040,009$20,517,965
88$25,384,724$11,742,043$9,267,469$22,308,615
89$27,896,212$12,239,648$9,500,174$24,270,780
90$30,661,421$12,759,187$9,738,226$26,421,522
91$33,706,156$13,301,657$9,981,726$28,779,624
92$37,058,847$13,868,102$10,230,778$31,365,765
93$40,750,825$14,459,614$10,485,484$34,202,716
94$44,816,612$15,077,338$10,745,951$37,315,549
95$49,294,249$15,722,470$11,012,283$40,731,872
96$54,225,655$16,396,264$11,284,587$44,482,087
97$59,657,021$17,100,030$11,562,969$48,599,675
98$65,639,247$17,835,141$11,847,539$53,121,507
99$72,228,423$18,603,036$12,138,404$58,088,189
100$79,486,354$19,405,217$12,435,673$63,544,443