Can I retire at age 74 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$528,506$523,798$519,205$514,722$510,345$504,386
2 years$261,637$256,764$252,041$247,463$243,021$237,024
3 years$172,692$167,798$163,088$158,552$154,183$148,332
4 years$128,228$123,349$118,686$114,228$109,964$104,306
5 years$101,557$96,707$92,105$87,738$83,593$78,144
6 years$83,782$78,969$74,435$70,165$66,144$60,910
7 years$71,090$66,318$61,856$57,686$53,793$48,777
8 years$61,576$56,847$52,458$48,392$44,627$39,827
9 years$54,180$49,495$45,182$41,219$37,582$32,998
10 years$48,267$43,628$39,391$35,531$32,022$27,650
11 years$43,432$38,839$34,679$30,923$27,540$23,376
12 years$39,405$34,860$30,777$27,123$23,865$19,906
13 years$36,001$31,503$27,497$23,946$20,811$17,050
14 years$33,086$28,636$24,706$21,256$18,243$14,676
15 years$30,561$26,159$22,306$18,957$16,062$12,683
16 years$28,354$24,000$20,224$16,974$14,196$10,999
17 years$26,409$22,104$18,403$15,251$12,587$9,566
18 years$24,682$20,425$16,800$13,744$11,192$8,340
19 years$23,139$18,929$15,379$12,419$9,976$7,287
20 years$21,752$17,590$14,114$11,248$8,910$6,378
21 years$20,498$16,384$12,982$10,208$7,974$5,592
22 years$19,360$15,294$11,965$9,282$7,147$4,909
23 years$18,322$14,304$11,048$8,453$6,416$4,315
24 years$17,373$13,402$10,217$7,709$5,767$3,796
25 years$16,500$12,577$9,463$7,041$5,189$3,343
26 years$15,696$11,821$8,777$6,438$4,674$2,947
27 years$14,953$11,125$8,150$5,893$4,214$2,599
28 years$14,264$10,483$7,577$5,399$3,803$2,293
29 years$13,624$9,889$7,051$4,951$3,434$2,025
30 years$13,028$9,339$6,567$4,544$3,103$1,789
31 years$12,471$8,829$6,123$4,173$2,805$1,581
32 years$11,950$8,354$5,712$3,835$2,537$1,398
33 years$11,461$7,911$5,334$3,527$2,296$1,236
34 years$11,003$7,498$4,984$3,245$2,079$1,093
35 years$10,571$7,112$4,659$2,987$1,883$967
36 years$10,165$6,750$4,359$2,751$1,706$856
37 years$9,781$6,411$4,080$2,535$1,546$758
38 years$9,418$6,093$3,820$2,336$1,402$671
39 years$9,075$5,794$3,579$2,154$1,271$594
40 years$8,750$5,512$3,355$1,987$1,153$526
41 years$8,441$5,247$3,146$1,833$1,046$466
42 years$8,148$4,997$2,951$1,692$949$413
43 years$7,869$4,761$2,769$1,562$861$366
44 years$7,604$4,538$2,599$1,442$782$324
45 years$7,351$4,328$2,441$1,332$710$287
46 years$7,110$4,129$2,292$1,230$645$254
47 years$6,880$3,940$2,153$1,137$585$225
48 years$6,660$3,761$2,024$1,050$532$200
49 years$6,450$3,592$1,902$971$483$177
50 years$6,249$3,431$1,788$897$438$157

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $6,400,000, adding $2,970 every year, while hoping to spend $23,596 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: 43/30/27 Blend
73$6,400,000$6,400,000$6,400,000$6,400,000
74$7,055,864$6,716,664$6,617,464$7,303,589
75$7,750,456$7,020,674$6,814,043$7,785,159
76$8,515,105$7,338,790$7,016,416$8,304,132
77$9,356,934$7,671,679$7,224,754$8,865,991
78$10,283,787$8,020,037$7,439,229$9,474,723
79$11,304,311$8,384,597$7,660,021$10,134,705
80$12,428,034$8,766,125$7,887,315$10,850,745
81$13,665,452$9,165,424$8,121,299$11,628,122
82$15,028,135$9,583,336$8,362,169$12,472,638
83$16,528,829$10,020,744$8,610,126$13,390,667
84$18,181,580$10,478,571$8,865,376$14,389,212
85$20,001,866$10,957,786$9,128,131$15,475,973
86$22,006,743$11,459,404$9,398,610$16,659,412
87$24,215,006$11,984,490$9,677,038$17,948,833
88$26,647,363$12,534,156$9,963,645$19,354,464
89$29,326,637$13,109,573$10,258,671$20,887,554
90$32,277,977$13,711,965$10,562,359$22,560,474
91$35,529,094$14,342,615$10,874,961$24,386,829
92$39,110,526$15,002,867$11,196,737$26,381,585
93$43,055,924$15,694,132$11,527,952$28,561,207
94$47,402,370$16,417,887$11,868,880$30,943,807
95$52,190,729$17,175,680$12,219,805$33,549,317
96$57,466,029$17,969,134$12,581,014$36,399,664
97$63,277,894$18,799,951$12,952,807$39,518,981
98$69,681,004$19,669,914$13,335,491$42,933,828
99$76,735,617$20,580,890$13,729,381$46,673,433
100$84,508,136$21,534,840$14,134,801$50,769,970