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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$561,538$556,536$551,656$546,893$542,242$523,002
2 years$277,989$272,812$267,794$262,929$258,210$239,032
3 years$183,485$178,285$173,280$168,461$163,819$145,305
4 years$136,242$131,059$126,104$121,367$116,837$99,128
5 years$107,904$102,752$97,862$93,221$88,818$71,960
6 years$89,018$83,904$79,087$74,550$70,279$54,286
7 years$75,534$70,463$65,722$61,292$57,155$42,023
8 years$65,425$60,400$55,737$51,416$47,416$33,132
9 years$57,566$52,589$48,006$43,795$39,931$26,477
10 years$51,283$46,354$41,853$37,752$34,023$21,376
11 years$46,146$41,267$36,847$32,855$29,261$17,395
12 years$41,868$37,039$32,701$28,819$25,357$14,244
13 years$38,251$33,472$29,216$25,442$22,112$11,721
14 years$35,153$30,425$26,250$22,585$19,383$9,683
15 years$32,471$27,794$23,701$20,142$17,066$8,026
16 years$30,127$25,500$21,488$18,035$15,083$6,670
17 years$28,060$23,485$19,553$16,204$13,374$5,555
18 years$26,225$21,701$17,850$14,603$11,891$4,634
19 years$24,585$20,112$16,341$13,195$10,599$3,872
20 years$23,111$18,689$14,997$11,951$9,467$3,239
21 years$21,779$17,408$13,794$10,846$8,472$2,712
22 years$20,570$16,250$12,713$9,862$7,594$2,273
23 years$19,467$15,198$11,738$8,981$6,817$1,906
24 years$18,458$14,240$10,856$8,191$6,127$1,600
25 years$17,531$13,364$10,055$7,481$5,514$1,343
26 years$16,677$12,560$9,325$6,840$4,966$1,128
27 years$15,888$11,820$8,659$6,261$4,478$948
28 years$15,156$11,138$8,050$5,736$4,040$797
29 years$14,476$10,507$7,491$5,260$3,648$670
30 years$13,842$9,923$6,978$4,828$3,296$563
31 years$13,250$9,381$6,505$4,434$2,980$474
32 years$12,697$8,876$6,070$4,075$2,696$398
33 years$12,178$8,406$5,667$3,747$2,440$335
34 years$11,690$7,967$5,295$3,448$2,209$282
35 years$11,232$7,556$4,950$3,174$2,001$237
36 years$10,800$7,172$4,631$2,923$1,813$200
37 years$10,392$6,812$4,335$2,693$1,643$168
38 years$10,007$6,474$4,059$2,482$1,489$141
39 years$9,642$6,156$3,803$2,289$1,351$119
40 years$9,297$5,857$3,565$2,111$1,225$100
41 years$8,969$5,575$3,342$1,948$1,111$84
42 years$8,657$5,309$3,135$1,798$1,009$71
43 years$8,361$5,059$2,942$1,659$915$60
44 years$8,079$4,822$2,762$1,532$831$50
45 years$7,811$4,598$2,593$1,415$754$42
46 years$7,555$4,387$2,435$1,307$685$36
47 years$7,310$4,186$2,288$1,208$622$30
48 years$7,076$3,996$2,150$1,116$565$25
49 years$6,853$3,816$2,021$1,031$513$21
50 years$6,639$3,645$1,900$953$466$18

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 $4,522 every year, while hoping to spend $35,780 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: 52/31/17 Blend
73$6,800,000$6,800,000$6,800,000$6,800,000
74$7,498,264$7,137,864$7,032,464$7,853,192
75$8,225,018$7,449,550$7,229,982$8,408,869
76$9,024,701$7,775,309$7,432,918$9,008,797
77$9,904,714$8,115,794$7,641,415$9,660,525
78$10,873,214$8,471,686$7,855,621$10,368,976
79$11,939,183$8,843,701$8,075,686$11,139,556
80$13,112,525$9,232,586$8,301,766$11,978,211
81$14,404,146$9,639,127$8,534,019$12,891,474
82$15,826,069$10,064,144$8,772,609$13,886,530
83$17,391,538$10,508,497$9,017,701$14,971,277
84$19,115,148$10,973,086$9,269,467$16,154,402
85$21,012,980$11,458,855$9,528,082$17,445,457
86$23,102,757$11,966,792$9,793,725$18,854,952
87$25,404,004$12,497,930$10,066,580$20,394,443
88$27,938,238$13,053,354$10,346,836$22,076,647
89$30,729,169$13,634,200$10,634,686$23,915,554
90$33,802,924$14,241,655$10,930,328$25,926,557
91$37,188,293$14,876,967$11,233,964$28,126,594
92$40,916,999$15,541,439$11,545,803$30,534,305
93$45,024,002$16,236,438$11,866,056$33,170,206
94$49,547,823$16,963,397$12,194,942$36,056,875
95$54,530,912$17,723,814$12,532,684$39,219,164
96$60,020,047$18,519,263$12,879,510$42,684,430
97$66,066,773$19,351,388$13,235,655$46,482,788
98$72,727,893$20,221,915$13,601,359$50,647,390
99$80,066,000$21,132,651$13,976,866$55,214,737
100$88,150,069$22,085,488$14,362,428$60,225,013