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%15.5%
1 years$520,248$515,614$511,093$506,680$502,371$491,024
2 years$257,549$252,752$248,103$243,596$239,224$227,853
3 years$169,994$165,176$160,539$156,074$151,774$140,734
4 years$126,225$121,422$116,831$112,443$108,246$97,623
5 years$99,970$95,196$90,666$86,367$82,287$72,109
6 years$82,473$77,735$73,272$69,068$65,111$55,390
7 years$69,980$65,282$60,889$56,785$52,953$43,689
8 years$60,614$55,958$51,639$47,635$43,929$35,121
9 years$53,333$48,722$44,476$40,575$36,995$28,634
10 years$47,512$42,946$38,776$34,976$31,521$23,600
11 years$42,753$38,232$34,137$30,439$27,110$19,617
12 years$38,789$34,315$30,296$26,700$23,493$16,416
13 years$35,438$31,011$27,068$23,572$20,486$13,813
14 years$32,569$28,188$24,320$20,924$17,958$11,675
15 years$30,084$25,750$21,958$18,661$15,812$9,905
16 years$27,911$23,625$19,908$16,709$13,974$8,428
17 years$25,997$21,758$18,116$15,013$12,391$7,190
18 years$24,297$20,106$16,537$13,529$11,017$6,147
19 years$22,777$18,634$15,139$12,225$9,820$5,265
20 years$21,412$17,315$13,894$11,072$8,771$4,517
21 years$20,178$16,128$12,780$10,049$7,849$3,880
22 years$19,057$15,055$11,778$9,136$7,036$3,336
23 years$18,036$14,081$10,875$8,321$6,316$2,872
24 years$17,101$13,193$10,058$7,589$5,677$2,474
25 years$16,242$12,381$9,316$6,931$5,108$2,132
26 years$15,451$11,636$8,640$6,337$4,601$1,839
27 years$14,719$10,951$8,023$5,801$4,148$1,587
28 years$14,041$10,319$7,458$5,315$3,743$1,371
29 years$13,411$9,735$6,940$4,874$3,380$1,184
30 years$12,824$9,193$6,465$4,473$3,054$1,023
31 years$12,276$8,691$6,027$4,108$2,761$884
32 years$11,763$8,223$5,623$3,775$2,498$764
33 years$11,282$7,788$5,250$3,472$2,260$661
34 years$10,831$7,381$4,906$3,194$2,047$571
35 years$10,406$7,001$4,586$2,940$1,854$494
36 years$10,006$6,645$4,291$2,708$1,679$427
37 years$9,628$6,311$4,016$2,495$1,522$370
38 years$9,271$5,998$3,761$2,300$1,380$320
39 years$8,933$5,703$3,523$2,121$1,251$277
40 years$8,613$5,426$3,302$1,956$1,135$240
41 years$8,309$5,165$3,097$1,805$1,030$207
42 years$8,021$4,919$2,905$1,665$934$179
43 years$7,746$4,687$2,726$1,537$848$155
44 years$7,485$4,468$2,559$1,419$770$134
45 years$7,236$4,260$2,402$1,311$699$116
46 years$6,999$4,064$2,256$1,211$634$101
47 years$6,773$3,878$2,120$1,119$576$87
48 years$6,556$3,702$1,992$1,034$523$75
49 years$6,349$3,536$1,872$955$475$65
50 years$6,151$3,377$1,760$883$432$57

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 $3,699 every year, while hoping to spend $40,913 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: 49/46/5 Blend
73$6,300,000$6,300,000$6,300,000$6,300,000
74$6,946,416$6,612,516$6,514,866$7,278,101
75$7,611,419$6,892,998$6,689,582$7,785,075
76$8,342,881$7,185,852$6,868,781$8,330,726
77$9,147,538$7,491,642$7,052,568$8,922,383
78$10,032,811$7,810,957$7,241,054$9,564,343
79$11,006,878$8,144,413$7,434,348$10,261,325
80$12,078,746$8,492,656$7,632,566$11,018,512
81$13,258,344$8,856,362$7,835,823$11,841,596
82$14,556,609$9,236,238$8,044,237$12,736,831
83$15,985,593$9,633,024$8,257,929$13,711,088
84$17,558,577$10,047,495$8,477,023$14,771,919
85$19,290,192$10,480,463$8,701,643$15,927,622
86$21,196,562$10,932,776$8,931,919$17,187,321
87$23,295,453$11,405,323$9,167,980$18,561,045
88$25,606,441$11,899,037$9,409,959$20,059,821
89$28,151,098$12,414,889$9,657,993$21,695,774
90$30,953,194$12,953,902$9,912,219$23,482,238
91$34,038,919$13,517,143$10,172,778$25,433,881
92$37,437,136$14,105,731$10,439,813$27,566,834
93$41,179,649$14,720,836$10,713,472$29,898,842
94$45,301,501$15,363,685$10,993,901$32,449,429
95$49,841,310$16,035,561$11,281,252$35,240,075
96$54,841,630$16,737,810$11,575,681$38,294,414
97$60,349,352$17,471,839$11,877,342$41,638,456
98$66,416,150$18,239,122$12,186,397$45,300,822
99$73,098,962$19,041,204$12,503,006$49,313,012
100$80,460,534$19,879,702$12,827,335$53,709,696