Can I retire at age 74 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$545,022$540,167$535,431$530,807$526,293$513,988
2 years$269,813$264,788$259,918$255,196$250,616$238,288
3 years$178,088$173,042$168,184$163,506$159,001$147,036
4 years$132,235$127,204$122,395$117,797$113,401$101,891
5 years$104,731$99,729$94,983$90,480$86,206$75,183
6 years$86,400$81,437$76,761$72,357$68,211$57,688
7 years$73,312$68,390$63,789$59,489$55,474$45,451
8 years$63,500$58,623$54,098$49,904$46,021$36,494
9 years$55,873$51,042$46,594$42,507$38,757$29,718
10 years$49,775$44,991$40,622$36,641$33,022$24,463
11 years$44,789$40,053$35,763$31,889$28,400$20,308
12 years$40,637$35,949$31,739$27,971$24,611$16,973
13 years$37,126$32,488$28,356$24,694$21,461$14,263
14 years$34,119$29,530$25,478$21,921$18,813$12,039
15 years$31,516$26,977$23,004$19,549$16,564$10,199
16 years$29,240$24,750$20,856$17,504$14,640$8,666
17 years$27,235$22,794$18,978$15,728$12,981$7,382
18 years$25,454$21,063$17,325$14,174$11,542$6,302
19 years$23,862$19,521$15,860$12,807$10,287$5,390
20 years$22,431$18,140$14,555$11,599$9,189$4,617
21 years$21,139$16,896$13,388$10,527$8,223$3,960
22 years$19,965$15,772$12,339$9,572$7,371$3,400
23 years$18,895$14,751$11,393$8,717$6,616$2,922
24 years$17,915$13,821$10,537$7,950$5,947$2,513
25 years$17,016$12,970$9,759$7,261$5,351$2,163
26 years$16,187$12,190$9,051$6,639$4,820$1,862
27 years$15,420$11,472$8,405$6,077$4,346$1,605
28 years$14,710$10,810$7,813$5,568$3,921$1,383
29 years$14,050$10,198$7,271$5,106$3,541$1,193
30 years$13,435$9,631$6,773$4,686$3,199$1,029
31 years$12,861$9,105$6,314$4,303$2,893$888
32 years$12,323$8,615$5,891$3,955$2,617$766
33 years$11,820$8,158$5,500$3,637$2,368$661
34 years$11,347$7,732$5,139$3,346$2,144$571
35 years$10,902$7,334$4,805$3,080$1,942$493
36 years$10,482$6,961$4,495$2,837$1,759$426
37 years$10,087$6,611$4,207$2,614$1,595$368
38 years$9,713$6,283$3,940$2,409$1,446$318
39 years$9,359$5,975$3,691$2,221$1,311$274
40 years$9,023$5,684$3,460$2,049$1,189$237
41 years$8,705$5,411$3,244$1,890$1,079$205
42 years$8,403$5,153$3,043$1,745$979$177
43 years$8,115$4,910$2,856$1,611$888$153
44 years$7,842$4,680$2,680$1,487$806$132
45 years$7,581$4,463$2,517$1,373$732$114
46 years$7,332$4,258$2,364$1,269$665$99
47 years$7,095$4,063$2,221$1,172$604$85
48 years$6,868$3,879$2,087$1,083$548$74
49 years$6,651$3,704$1,962$1,001$498$64
50 years$6,444$3,538$1,844$925$452$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $6,600,000, adding $2,829 every year, while hoping to spend $24,879 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: 80/6/14 Blend
73$6,600,000$6,600,000$6,600,000$6,600,000
74$7,276,118$6,926,318$6,824,018$7,837,675
75$7,991,811$7,239,237$7,026,152$8,520,194
76$8,779,671$7,566,654$7,234,223$9,265,559
77$9,647,032$7,909,255$7,448,404$10,082,855
78$10,601,977$8,267,757$7,668,874$10,979,278
79$11,653,412$8,642,909$7,895,814$11,962,752
80$12,811,148$9,035,501$8,129,412$13,042,006
81$14,086,001$9,446,355$8,369,862$14,226,652
82$15,489,883$9,876,337$8,617,363$15,527,279
83$17,035,926$10,326,352$8,872,119$16,955,547
84$18,738,596$10,797,349$9,134,341$18,524,302
85$20,613,837$11,290,323$9,404,245$20,247,693
86$22,679,215$11,806,316$9,682,054$22,141,304
87$24,954,088$12,346,419$9,967,997$24,222,304
88$27,459,789$12,911,777$10,262,309$26,509,606
89$30,219,824$13,503,590$10,565,232$29,024,042
90$33,260,095$14,123,115$10,877,016$31,788,565
91$36,609,145$14,771,669$11,197,917$34,828,458
92$40,298,430$15,450,632$11,528,199$38,171,575
93$44,362,608$16,161,452$11,868,132$41,848,605
94$48,839,876$16,905,644$12,217,996$45,893,355
95$53,772,321$17,684,799$12,578,077$50,343,074
96$59,206,326$18,500,582$12,948,671$55,238,797
97$65,193,000$19,354,739$13,330,080$60,625,738
98$71,788,665$20,249,101$13,722,616$66,553,711
99$79,055,386$21,185,584$14,126,601$73,077,599
100$87,061,557$22,166,199$14,542,364$80,257,873