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%15.2%
1 years$545,022$540,167$535,431$530,807$526,293$515,036
2 years$269,813$264,788$259,918$255,196$250,616$239,329
3 years$178,088$173,042$168,184$163,506$159,001$148,037
4 years$132,235$127,204$122,395$117,797$113,401$102,844
5 years$104,731$99,729$94,983$90,480$86,206$76,086
6 years$86,400$81,437$76,761$72,357$68,211$58,540
7 years$73,312$68,390$63,789$59,489$55,474$46,252
8 years$63,500$58,623$54,098$49,904$46,021$37,246
9 years$55,873$51,042$46,594$42,507$38,757$30,422
10 years$49,775$44,991$40,622$36,641$33,022$25,120
11 years$44,789$40,053$35,763$31,889$28,400$20,920
12 years$40,637$35,949$31,739$27,971$24,611$17,541
13 years$37,126$32,488$28,356$24,694$21,461$14,789
14 years$34,119$29,530$25,478$21,921$18,813$12,526
15 years$31,516$26,977$23,004$19,549$16,564$10,648
16 years$29,240$24,750$20,856$17,504$14,640$9,080
17 years$27,235$22,794$18,978$15,728$12,981$7,763
18 years$25,454$21,063$17,325$14,174$11,542$6,652
19 years$23,862$19,521$15,860$12,807$10,287$5,710
20 years$22,431$18,140$14,555$11,599$9,189$4,910
21 years$21,139$16,896$13,388$10,527$8,223$4,227
22 years$19,965$15,772$12,339$9,572$7,371$3,643
23 years$18,895$14,751$11,393$8,717$6,616$3,143
24 years$17,915$13,821$10,537$7,950$5,947$2,714
25 years$17,016$12,970$9,759$7,261$5,351$2,345
26 years$16,187$12,190$9,051$6,639$4,820$2,028
27 years$15,420$11,472$8,405$6,077$4,346$1,754
28 years$14,710$10,810$7,813$5,568$3,921$1,518
29 years$14,050$10,198$7,271$5,106$3,541$1,315
30 years$13,435$9,631$6,773$4,686$3,199$1,139
31 years$12,861$9,105$6,314$4,303$2,893$986
32 years$12,323$8,615$5,891$3,955$2,617$855
33 years$11,820$8,158$5,500$3,637$2,368$741
34 years$11,347$7,732$5,139$3,346$2,144$642
35 years$10,902$7,334$4,805$3,080$1,942$557
36 years$10,482$6,961$4,495$2,837$1,759$483
37 years$10,087$6,611$4,207$2,614$1,595$419
38 years$9,713$6,283$3,940$2,409$1,446$363
39 years$9,359$5,975$3,691$2,221$1,311$315
40 years$9,023$5,684$3,460$2,049$1,189$274
41 years$8,705$5,411$3,244$1,890$1,079$237
42 years$8,403$5,153$3,043$1,745$979$206
43 years$8,115$4,910$2,856$1,611$888$179
44 years$7,842$4,680$2,680$1,487$806$155
45 years$7,581$4,463$2,517$1,373$732$135
46 years$7,332$4,258$2,364$1,269$665$117
47 years$7,095$4,063$2,221$1,172$604$101
48 years$6,868$3,879$2,087$1,083$548$88
49 years$6,651$3,704$1,962$1,001$498$76
50 years$6,444$3,538$1,844$925$452$66

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 $3,790 every year, while hoping to spend $24,922 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: 65/11/24 Blend
73$6,600,000$6,600,000$6,600,000$6,600,000
74$7,277,109$6,927,309$6,825,009$7,704,499
75$7,992,858$7,240,231$7,027,130$8,305,858
76$8,780,777$7,567,650$7,235,187$8,959,698
77$9,648,203$7,910,251$7,449,352$9,673,758
78$10,603,217$8,268,751$7,669,803$10,453,954
79$11,654,726$8,643,901$7,896,722$11,306,796
80$12,812,543$9,036,487$8,130,298$12,239,453
81$14,087,483$9,447,335$8,370,723$13,259,812
82$15,491,459$9,877,308$8,618,196$14,376,559
83$17,037,604$10,327,312$8,872,921$15,599,253
84$18,740,385$10,798,296$9,135,109$16,938,421
85$20,615,746$11,291,253$9,404,977$18,405,650
86$22,681,254$11,807,227$9,682,746$20,013,700
87$24,956,270$12,347,309$9,968,645$21,776,622
88$27,462,124$12,912,642$10,262,910$23,709,886
89$30,222,327$13,504,427$10,565,783$25,830,529
90$33,262,780$14,123,920$10,877,513$28,157,313
91$36,612,029$14,772,438$11,198,355$30,710,901
92$40,301,530$15,451,361$11,528,574$33,514,048
93$44,365,945$16,162,137$11,868,440$36,591,818
94$48,843,470$16,906,280$12,218,232$39,971,815
95$53,776,198$17,685,381$12,578,236$43,684,443
96$59,210,510$18,501,105$12,948,747$47,763,193
97$65,197,520$19,355,197$13,330,068$52,244,953
98$71,793,553$20,249,488$13,722,511$57,170,356
99$79,060,676$21,185,893$14,126,396$62,584,164
100$87,067,287$22,166,425$14,542,053$68,535,683