Can I retire at age 74 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$602,827$597,458$592,219$587,105$582,112$579,659
2 years$298,429$292,871$287,485$282,262$277,196$274,720
3 years$196,977$191,395$186,022$180,848$175,865$173,442
4 years$146,260$140,695$135,376$130,291$125,428$123,077
5 years$115,838$110,307$105,057$100,076$95,349$93,076
6 years$95,564$90,074$84,902$80,031$75,446$73,255
7 years$81,087$75,644$70,554$65,798$61,358$59,250
8 years$70,235$64,841$59,835$55,197$50,902$48,877
9 years$61,799$56,456$51,536$47,015$42,867$40,925
10 years$55,054$49,763$44,930$40,528$36,525$34,664
11 years$49,539$44,301$39,556$35,271$31,413$29,633
12 years$44,947$39,762$35,105$30,938$27,221$25,521
13 years$41,064$35,933$31,364$27,313$23,738$22,115
14 years$37,738$32,662$28,181$24,246$20,808$19,261
15 years$34,859$29,838$25,443$21,623$18,321$16,848
16 years$32,342$27,376$23,068$19,361$16,192$14,791
17 years$30,123$25,212$20,991$17,396$14,357$13,026
18 years$28,153$23,297$19,162$15,677$12,766$11,502
19 years$26,393$21,591$17,542$14,165$11,378$10,180
20 years$24,810$20,064$16,099$12,830$10,163$9,029
21 years$23,381$18,689$14,808$11,644$9,095$8,021
22 years$22,082$17,445$13,648$10,587$8,153$7,137
23 years$20,899$16,316$12,602$9,642$7,318$6,360
24 years$19,816$15,287$11,654$8,794$6,578$5,673
25 years$18,821$14,346$10,794$8,031$5,919$5,066
26 years$17,904$13,483$10,011$7,343$5,332$4,529
27 years$17,056$12,689$9,296$6,721$4,807$4,051
28 years$16,270$11,957$8,642$6,158$4,337$3,627
29 years$15,540$11,280$8,042$5,647$3,916$3,249
30 years$14,860$10,653$7,491$5,183$3,539$2,913
31 years$14,225$10,070$6,984$4,760$3,199$2,612
32 years$13,630$9,529$6,516$4,374$2,894$2,344
33 years$13,073$9,024$6,084$4,023$2,619$2,104
34 years$12,550$8,552$5,684$3,701$2,371$1,889
35 years$12,058$8,112$5,314$3,407$2,148$1,697
36 years$11,594$7,699$4,972$3,138$1,946$1,525
37 years$11,156$7,313$4,653$2,891$1,764$1,370
38 years$10,743$6,950$4,358$2,665$1,599$1,232
39 years$10,351$6,608$4,083$2,457$1,450$1,108
40 years$9,980$6,287$3,827$2,266$1,315$996
41 years$9,628$5,985$3,588$2,091$1,193$896
42 years$9,294$5,700$3,366$1,930$1,083$806
43 years$8,976$5,431$3,158$1,781$983$725
44 years$8,673$5,177$2,965$1,645$892$653
45 years$8,385$4,936$2,784$1,519$810$588
46 years$8,110$4,709$2,615$1,403$735$529
47 years$7,848$4,494$2,456$1,296$668$476
48 years$7,597$4,290$2,308$1,198$606$429
49 years$7,357$4,097$2,170$1,107$551$386
50 years$7,127$3,913$2,040$1,023$500$347

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,300,000, adding $4,170 every year, while hoping to spend $55,596 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: 61/23/16 Blend
73$7,300,000$7,300,000$7,300,000$7,300,000
74$8,048,901$7,662,001$7,548,851$8,507,182
75$8,810,736$7,978,286$7,742,584$9,132,652
76$9,648,414$8,308,205$7,940,944$9,808,303
77$10,569,613$8,652,368$8,144,026$10,544,321
78$11,582,791$9,011,412$8,351,929$11,346,562
79$12,697,269$9,386,004$8,564,752$12,221,468
80$13,923,315$9,776,842$8,782,595$13,176,126
81$15,272,241$10,184,656$9,005,560$14,218,335
82$16,756,513$10,610,207$9,233,750$15,356,676
83$18,389,866$11,054,296$9,467,269$16,600,591
84$20,187,432$11,517,757$9,706,223$17,960,472
85$22,165,887$12,001,464$9,950,718$19,447,757
86$24,343,604$12,506,332$10,200,863$21,075,035
87$26,740,827$13,033,317$10,456,768$22,856,165
88$29,379,863$13,583,421$10,718,541$24,806,402
89$32,285,292$14,157,692$10,986,295$26,942,539
90$35,484,198$14,757,225$11,260,143$29,283,068
91$39,006,426$15,383,169$11,540,197$31,848,345
92$42,884,860$16,036,723$11,826,573$34,660,786
93$47,155,738$16,719,145$12,119,385$37,745,071
94$51,858,989$17,431,748$12,418,750$41,128,380
95$57,038,612$18,175,911$12,724,784$44,840,641
96$62,743,093$18,953,072$13,037,606$48,914,814
97$69,025,856$19,764,740$13,357,334$53,387,197
98$75,945,775$20,612,494$13,684,086$58,297,764
99$83,567,722$21,497,985$14,017,982$63,690,545
100$91,963,186$22,422,943$14,359,141$69,614,032