Can I retire at age 74 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$157,726$156,321$154,950$153,612$152,306$151,473
2 years$78,082$76,628$75,219$73,852$72,527$71,686
3 years$51,538$50,077$48,671$47,318$46,014$45,192
4 years$38,268$36,812$35,420$34,090$32,818$32,020
5 years$30,308$28,861$27,488$26,184$24,947$24,177
6 years$25,004$23,567$22,214$20,940$19,740$18,998
7 years$21,216$19,792$18,460$17,216$16,054$15,341
8 years$18,377$16,965$15,656$14,442$13,318$12,634
9 years$16,169$14,771$13,484$12,301$11,216$10,560
10 years$14,405$13,020$11,756$10,604$9,557$8,928
11 years$12,962$11,591$10,350$9,228$8,219$7,618
12 years$11,760$10,404$9,185$8,095$7,122$6,549
13 years$10,744$9,402$8,206$7,146$6,211$5,664
14 years$9,874$8,546$7,373$6,344$5,444$4,924
15 years$9,121$7,807$6,657$5,657$4,794$4,298
16 years$8,462$7,163$6,036$5,066$4,237$3,766
17 years$7,882$6,597$5,492$4,551$3,756$3,310
18 years$7,366$6,095$5,014$4,102$3,340$2,916
19 years$6,906$5,649$4,590$3,706$2,977$2,576
20 years$6,491$5,250$4,212$3,357$2,659$2,279
21 years$6,117$4,890$3,874$3,046$2,380$2,021
22 years$5,778$4,564$3,571$2,770$2,133$1,794
23 years$5,468$4,269$3,297$2,523$1,915$1,595
24 years$5,185$4,000$3,049$2,301$1,721$1,419
25 years$4,924$3,754$2,824$2,101$1,549$1,265
26 years$4,684$3,528$2,619$1,921$1,395$1,128
27 years$4,463$3,320$2,432$1,759$1,258$1,007
28 years$4,257$3,128$2,261$1,611$1,135$899
29 years$4,066$2,951$2,104$1,478$1,025$803
30 years$3,888$2,787$1,960$1,356$926$718
31 years$3,722$2,635$1,827$1,245$837$643
32 years$3,566$2,493$1,705$1,145$757$575
33 years$3,421$2,361$1,592$1,052$685$515
34 years$3,284$2,238$1,487$968$620$461
35 years$3,155$2,122$1,391$891$562$413
36 years$3,034$2,014$1,301$821$509$371
37 years$2,919$1,913$1,218$756$461$332
38 years$2,811$1,818$1,140$697$418$298
39 years$2,708$1,729$1,068$643$379$267
40 years$2,611$1,645$1,001$593$344$240
41 years$2,519$1,566$939$547$312$215
42 years$2,432$1,491$881$505$283$193
43 years$2,349$1,421$826$466$257$173
44 years$2,269$1,354$776$430$233$155
45 years$2,194$1,292$728$397$212$140
46 years$2,122$1,232$684$367$192$125
47 years$2,053$1,176$643$339$175$112
48 years$1,988$1,122$604$313$159$101
49 years$1,925$1,072$568$290$144$91
50 years$1,865$1,024$534$268$131$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,910,000, adding $6,550 every year, while hoping to spend $59,873 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: 69/7/24 Blend
73$1,910,000$1,910,000$1,910,000$1,910,000
74$2,111,576$2,010,346$1,980,741$2,243,970
75$2,263,253$2,045,149$1,983,392$2,368,282
76$2,428,393$2,079,650$1,984,124$2,496,731
77$2,608,309$2,113,772$1,982,811$2,635,884
78$2,804,440$2,147,431$1,979,320$2,786,799
79$3,018,374$2,180,536$1,973,508$2,950,640
80$3,251,858$2,212,992$1,965,231$3,128,693
81$3,506,814$2,244,696$1,954,332$3,322,373
82$3,785,359$2,275,535$1,940,652$3,533,241
83$4,089,822$2,305,392$1,924,020$3,763,020
84$4,422,768$2,334,141$1,904,259$4,013,606
85$4,787,022$2,361,646$1,881,183$4,287,090
86$5,185,693$2,387,761$1,854,598$4,585,779
87$5,622,207$2,412,334$1,824,300$4,912,216
88$6,100,333$2,435,200$1,790,075$5,269,202
89$6,624,225$2,456,183$1,751,701$5,659,827
90$7,198,456$2,475,096$1,708,943$6,087,497
91$7,828,064$2,491,741$1,661,558$6,555,969
92$8,518,595$2,505,905$1,609,289$7,069,380
93$9,276,161$2,517,364$1,551,869$7,632,295
94$10,107,492$2,525,877$1,489,019$8,249,745
95$11,020,000$2,531,189$1,420,446$8,927,276
96$12,021,854$2,533,031$1,345,844$9,671,002
97$13,122,048$2,531,114$1,264,894$10,487,663
98$14,330,491$2,525,133$1,177,263$11,384,689
99$15,658,100$2,514,764$1,082,601$12,370,270
100$17,116,902$2,499,663$980,543$13,453,436