Can I retire at age 74 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$553,280$548,351$543,543$538,850$534,267$519,876
2 years$273,901$268,800$263,856$259,063$254,413$240,017
3 years$180,787$175,664$170,732$165,984$161,410$147,459
4 years$134,239$129,131$124,249$119,582$115,119$101,721
5 years$106,317$101,241$96,423$91,850$87,512$74,703
6 years$87,709$82,671$77,924$73,454$69,245$57,039
7 years$74,423$69,427$64,755$60,390$56,315$44,711
8 years$64,463$59,511$54,917$50,660$46,718$35,712
9 years$56,720$51,815$47,300$43,151$39,344$28,924
10 years$50,529$45,673$41,238$37,197$33,523$23,676
11 years$45,467$40,660$36,305$32,372$28,831$19,542
12 years$41,252$36,494$32,220$28,395$24,984$16,237
13 years$37,689$32,980$28,786$25,068$21,787$13,562
14 years$34,636$29,978$25,864$22,253$19,098$11,376
15 years$31,994$27,385$23,352$19,846$16,815$9,577
16 years$29,684$25,125$21,172$17,770$14,862$8,086
17 years$27,647$23,140$19,266$15,966$13,177$6,843
18 years$25,839$21,382$17,587$14,388$11,717$5,804
19 years$24,224$19,817$16,100$13,001$10,443$4,930
20 years$22,771$18,415$14,776$11,775$9,328$4,194
21 years$21,459$17,152$13,591$10,687$8,348$3,572
22 years$20,267$16,011$12,526$9,717$7,482$3,046
23 years$19,181$14,975$11,566$8,849$6,717$2,599
24 years$18,187$14,031$10,696$8,071$6,037$2,220
25 years$17,274$13,167$9,907$7,371$5,432$1,897
26 years$16,432$12,375$9,188$6,739$4,893$1,622
27 years$15,654$11,646$8,532$6,169$4,412$1,387
28 years$14,933$10,974$7,932$5,652$3,981$1,187
29 years$14,263$10,353$7,381$5,183$3,595$1,016
30 years$13,638$9,777$6,875$4,757$3,248$870
31 years$13,055$9,243$6,410$4,369$2,936$745
32 years$12,510$8,745$5,980$4,015$2,656$638
33 years$11,999$8,282$5,584$3,692$2,404$547
34 years$11,519$7,850$5,217$3,397$2,176$468
35 years$11,067$7,445$4,878$3,127$1,971$401
36 years$10,641$7,067$4,563$2,880$1,786$344
37 years$10,239$6,712$4,271$2,654$1,619$295
38 years$9,860$6,378$3,999$2,446$1,468$253
39 years$9,500$6,065$3,747$2,255$1,331$217
40 years$9,160$5,771$3,512$2,080$1,207$186
41 years$8,837$5,493$3,293$1,919$1,095$159
42 years$8,530$5,231$3,089$1,771$994$137
43 years$8,238$4,984$2,899$1,635$902$117
44 years$7,961$4,751$2,721$1,510$819$100
45 years$7,696$4,531$2,555$1,394$743$86
46 years$7,444$4,322$2,400$1,288$675$74
47 years$7,203$4,125$2,254$1,190$613$63
48 years$6,972$3,938$2,119$1,099$556$54
49 years$6,752$3,760$1,991$1,016$505$47
50 years$6,542$3,592$1,872$939$459$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $6,700,000, adding $4,415 every year, while hoping to spend $22,313 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: 48/47/5 Blend
73$6,700,000$6,700,000$6,700,000$6,700,000
74$7,387,954$7,032,854$6,929,004$7,733,061
75$8,117,785$7,353,723$7,137,385$8,290,163
76$8,921,310$7,689,567$7,351,999$8,891,922
77$9,806,023$8,041,095$7,573,030$9,544,693
78$10,780,182$8,409,053$7,800,671$10,253,220
79$11,852,884$8,794,220$8,035,117$11,022,711
80$13,034,155$9,197,414$8,276,570$11,858,882
81$14,335,042$9,619,491$8,525,239$12,768,010
82$15,767,719$10,061,349$8,781,337$13,756,988
83$17,345,601$10,523,929$9,045,086$14,833,387
84$19,083,467$11,008,216$9,316,711$16,005,525
85$20,997,607$11,515,245$9,596,448$17,282,537
86$23,105,970$12,046,099$9,884,536$18,674,465
87$25,428,334$12,601,913$10,181,222$20,192,345
88$27,986,494$13,183,877$10,486,763$21,848,303
89$30,804,467$13,793,237$10,801,420$23,655,674
90$33,908,719$14,431,302$11,125,464$25,629,114
91$37,328,413$15,099,441$11,459,173$27,784,740
92$41,095,689$15,799,091$11,802,832$30,140,276
93$45,245,959$16,531,757$12,156,737$32,715,210
94$49,818,250$17,299,016$12,521,191$35,530,980
95$54,855,566$18,102,523$12,896,506$38,611,166
96$60,405,299$18,944,011$13,283,003$41,981,706
97$66,519,669$19,825,297$13,681,014$45,671,137
98$73,256,226$20,748,288$14,090,879$49,710,857
99$80,678,385$21,714,978$14,512,947$54,135,412
100$88,856,031$22,727,462$14,947,581$58,982,820