Can I retire at age 74 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$561,538$556,536$551,656$546,893$542,242$538,373
2 years$277,989$272,812$267,794$262,929$258,210$254,309
3 years$183,485$178,285$173,280$168,461$163,819$160,007
4 years$136,242$131,059$126,104$121,367$116,837$113,143
5 years$107,904$102,752$97,862$93,221$88,818$85,252
6 years$89,018$83,904$79,087$74,550$70,279$66,846
7 years$75,534$70,463$65,722$61,292$57,155$53,857
8 years$65,425$60,400$55,737$51,416$47,416$44,253
9 years$57,566$52,589$48,006$43,795$39,931$36,902
10 years$51,283$46,354$41,853$37,752$34,023$31,127
11 years$46,146$41,267$36,847$32,855$29,261$26,495
12 years$41,868$37,039$32,701$28,819$25,357$22,719
13 years$38,251$33,472$29,216$25,442$22,112$19,599
14 years$35,153$30,425$26,250$22,585$19,383$16,992
15 years$32,471$27,794$23,701$20,142$17,066$14,794
16 years$30,127$25,500$21,488$18,035$15,083$12,927
17 years$28,060$23,485$19,553$16,204$13,374$11,329
18 years$26,225$21,701$17,850$14,603$11,891$9,955
19 years$24,585$20,112$16,341$13,195$10,599$8,767
20 years$23,111$18,689$14,997$11,951$9,467$7,736
21 years$21,779$17,408$13,794$10,846$8,472$6,838
22 years$20,570$16,250$12,713$9,862$7,594$6,053
23 years$19,467$15,198$11,738$8,981$6,817$5,365
24 years$18,458$14,240$10,856$8,191$6,127$4,760
25 years$17,531$13,364$10,055$7,481$5,514$4,228
26 years$16,677$12,560$9,325$6,840$4,966$3,759
27 years$15,888$11,820$8,659$6,261$4,478$3,344
28 years$15,156$11,138$8,050$5,736$4,040$2,977
29 years$14,476$10,507$7,491$5,260$3,648$2,652
30 years$13,842$9,923$6,978$4,828$3,296$2,364
31 years$13,250$9,381$6,505$4,434$2,980$2,108
32 years$12,697$8,876$6,070$4,075$2,696$1,881
33 years$12,178$8,406$5,667$3,747$2,440$1,679
34 years$11,690$7,967$5,295$3,448$2,209$1,499
35 years$11,232$7,556$4,950$3,174$2,001$1,338
36 years$10,800$7,172$4,631$2,923$1,813$1,195
37 years$10,392$6,812$4,335$2,693$1,643$1,068
38 years$10,007$6,474$4,059$2,482$1,489$955
39 years$9,642$6,156$3,803$2,289$1,351$853
40 years$9,297$5,857$3,565$2,111$1,225$763
41 years$8,969$5,575$3,342$1,948$1,111$682
42 years$8,657$5,309$3,135$1,798$1,009$610
43 years$8,361$5,059$2,942$1,659$915$545
44 years$8,079$4,822$2,762$1,532$831$488
45 years$7,811$4,598$2,593$1,415$754$436
46 years$7,555$4,387$2,435$1,307$685$390
47 years$7,310$4,186$2,288$1,208$622$349
48 years$7,076$3,996$2,150$1,116$565$313
49 years$6,853$3,816$2,021$1,031$513$280
50 years$6,639$3,645$1,900$953$466$250

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $6,800,000, adding $2,139 every year, while hoping to spend $24,103 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: 68/24/8 Blend
73$6,800,000$6,800,000$6,800,000$6,800,000
74$7,495,806$7,135,406$7,030,006$7,994,523
75$8,234,733$7,459,396$7,239,866$8,649,498
76$9,048,223$7,798,453$7,455,948$9,362,389
77$9,943,855$8,153,291$7,678,436$10,141,339
78$10,929,982$8,524,656$7,907,518$10,992,811
79$12,015,808$8,913,331$8,143,387$11,923,914
80$13,211,473$9,320,138$8,386,243$12,942,471
81$14,528,153$9,745,934$8,636,292$14,057,090
82$15,978,161$10,191,621$8,893,744$15,277,242
83$17,575,066$10,658,143$9,158,817$16,613,351
84$19,333,820$11,146,490$9,431,735$18,076,888
85$21,270,899$11,657,697$9,712,728$19,680,482
86$23,404,459$12,192,852$10,002,032$21,438,028
87$25,754,505$12,753,094$10,299,892$23,364,828
88$28,343,084$13,339,615$10,606,558$25,477,722
89$31,194,489$13,953,666$10,922,288$27,795,250
90$34,335,491$14,596,560$11,247,348$30,337,826
91$37,795,588$15,269,668$11,582,012$33,127,924
92$41,607,289$15,974,432$11,926,559$36,190,290
93$45,806,414$16,712,361$12,281,281$39,552,170
94$50,432,438$17,485,037$12,646,474$43,243,569
95$55,528,860$18,294,117$13,022,444$47,297,525
96$61,143,615$19,141,340$13,409,507$51,750,423
97$67,329,526$20,028,528$13,807,988$56,642,332
98$74,144,802$20,957,590$14,218,219$62,017,380
99$81,653,587$21,930,527$14,640,545$67,924,165
100$89,926,567$22,949,438$15,075,318$74,416,216