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%13.6%
1 years$520,248$515,614$511,093$506,680$502,371$494,864
2 years$257,549$252,752$248,103$243,596$239,224$231,678
3 years$169,994$165,176$160,539$156,074$151,774$144,423
4 years$126,225$121,422$116,831$112,443$108,246$101,147
5 years$99,970$95,196$90,666$86,367$82,287$75,461
6 years$82,473$77,735$73,272$69,068$65,111$58,565
7 years$69,980$65,282$60,889$56,785$52,953$46,690
8 years$60,614$55,958$51,639$47,635$43,929$37,949
9 years$53,333$48,722$44,476$40,575$36,995$31,293
10 years$47,512$42,946$38,776$34,976$31,521$26,094
11 years$42,753$38,232$34,137$30,439$27,110$21,951
12 years$38,789$34,315$30,296$26,700$23,493$18,597
13 years$35,438$31,011$27,068$23,572$20,486$15,846
14 years$32,569$28,188$24,320$20,924$17,958$13,567
15 years$30,084$25,750$21,958$18,661$15,812$11,661
16 years$27,911$23,625$19,908$16,709$13,974$10,057
17 years$25,997$21,758$18,116$15,013$12,391$8,697
18 years$24,297$20,106$16,537$13,529$11,017$7,539
19 years$22,777$18,634$15,139$12,225$9,820$6,549
20 years$21,412$17,315$13,894$11,072$8,771$5,698
21 years$20,178$16,128$12,780$10,049$7,849$4,966
22 years$19,057$15,055$11,778$9,136$7,036$4,333
23 years$18,036$14,081$10,875$8,321$6,316$3,785
24 years$17,101$13,193$10,058$7,589$5,677$3,310
25 years$16,242$12,381$9,316$6,931$5,108$2,896
26 years$15,451$11,636$8,640$6,337$4,601$2,537
27 years$14,719$10,951$8,023$5,801$4,148$2,223
28 years$14,041$10,319$7,458$5,315$3,743$1,949
29 years$13,411$9,735$6,940$4,874$3,380$1,710
30 years$12,824$9,193$6,465$4,473$3,054$1,501
31 years$12,276$8,691$6,027$4,108$2,761$1,317
32 years$11,763$8,223$5,623$3,775$2,498$1,157
33 years$11,282$7,788$5,250$3,472$2,260$1,016
34 years$10,831$7,381$4,906$3,194$2,047$893
35 years$10,406$7,001$4,586$2,940$1,854$785
36 years$10,006$6,645$4,291$2,708$1,679$690
37 years$9,628$6,311$4,016$2,495$1,522$607
38 years$9,271$5,998$3,761$2,300$1,380$533
39 years$8,933$5,703$3,523$2,121$1,251$469
40 years$8,613$5,426$3,302$1,956$1,135$413
41 years$8,309$5,165$3,097$1,805$1,030$363
42 years$8,021$4,919$2,905$1,665$934$319
43 years$7,746$4,687$2,726$1,537$848$281
44 years$7,485$4,468$2,559$1,419$770$247
45 years$7,236$4,260$2,402$1,311$699$217
46 years$6,999$4,064$2,256$1,211$634$191
47 years$6,773$3,878$2,120$1,119$576$168
48 years$6,556$3,702$1,992$1,034$523$148
49 years$6,349$3,536$1,872$955$475$130
50 years$6,151$3,377$1,760$883$432$115

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 $2,786 every year, while hoping to spend $57,235 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: 62/30/8 Blend
73$6,300,000$6,300,000$6,300,000$6,300,000
74$6,945,474$6,611,574$6,513,924$7,364,427
75$7,593,014$6,874,643$6,671,243$7,907,789
76$8,304,686$7,148,685$6,831,913$8,493,712
77$9,086,970$7,434,176$6,995,988$9,131,768
78$9,947,005$7,731,615$7,163,518$9,826,999
79$10,892,658$8,041,523$7,334,555$10,584,946
80$11,932,597$8,364,445$7,509,150$11,411,708
81$13,076,369$8,700,950$7,687,354$12,313,992
82$14,334,496$9,051,634$7,869,217$13,299,177
83$15,718,568$9,417,117$8,054,789$14,375,383
84$17,241,356$9,798,051$8,244,119$15,551,545
85$18,916,934$10,195,114$8,437,256$16,837,496
86$20,760,804$10,609,018$8,634,248$18,244,055
87$22,790,051$11,040,505$8,835,140$19,783,134
88$25,023,499$11,490,352$9,039,979$21,467,842
89$27,481,886$11,959,370$9,248,809$23,312,608
90$30,188,068$12,448,409$9,461,674$25,333,319
91$33,167,227$12,958,356$9,678,616$27,547,463
92$36,447,108$13,490,140$9,899,674$29,974,292
93$40,058,288$14,044,731$10,124,887$32,635,007
94$44,034,455$14,623,145$10,354,293$35,552,948
95$48,412,733$15,226,443$10,587,925$38,753,816
96$53,234,029$15,855,736$10,825,818$42,265,913
97$58,543,417$16,512,184$11,068,000$46,120,405
98$64,390,569$17,197,004$11,314,501$50,351,611
99$70,830,214$17,911,465$11,565,344$54,997,331
100$77,922,666$18,656,896$11,820,553$60,099,191