Can I retire at age 74 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$165,984$164,505$163,063$161,655$160,280$156,596
2 years$82,170$80,640$79,157$77,719$76,324$72,633
3 years$54,236$52,699$51,220$49,795$48,423$44,840
4 years$40,272$38,739$37,275$35,875$34,536$31,088
5 years$31,895$30,372$28,927$27,555$26,253$22,951
6 years$26,313$24,801$23,377$22,036$20,773$17,620
7 years$22,327$20,828$19,427$18,117$16,894$13,890
8 years$19,339$17,853$16,475$15,198$14,016$11,160
9 years$17,016$15,545$14,190$12,945$11,803$9,093
10 years$15,159$13,702$12,371$11,159$10,057$7,490
11 years$13,640$12,198$10,891$9,712$8,649$6,222
12 years$12,376$10,948$9,666$8,518$7,495$5,203
13 years$11,307$9,894$8,636$7,520$6,536$4,375
14 years$10,391$8,993$7,759$6,676$5,729$3,696
15 years$9,598$8,216$7,006$5,954$5,045$3,133
16 years$8,905$7,538$6,352$5,331$4,458$2,664
17 years$8,294$6,942$5,780$4,790$3,953$2,271
18 years$7,752$6,415$5,276$4,317$3,515$1,940
19 years$7,267$5,945$4,830$3,900$3,133$1,661
20 years$6,831$5,524$4,433$3,533$2,798$1,423
21 years$6,438$5,146$4,077$3,206$2,504$1,222
22 years$6,080$4,803$3,758$2,915$2,245$1,050
23 years$5,754$4,492$3,470$2,655$2,015$903
24 years$5,456$4,209$3,209$2,421$1,811$777
25 years$5,182$3,950$2,972$2,211$1,630$669
26 years$4,930$3,712$2,756$2,022$1,468$577
27 years$4,696$3,494$2,560$1,851$1,324$498
28 years$4,480$3,292$2,380$1,696$1,194$429
29 years$4,279$3,106$2,214$1,555$1,078$370
30 years$4,091$2,933$2,063$1,427$974$320
31 years$3,917$2,773$1,923$1,311$881$276
32 years$3,753$2,624$1,794$1,204$797$238
33 years$3,600$2,485$1,675$1,108$721$206
34 years$3,456$2,355$1,565$1,019$653$178
35 years$3,320$2,234$1,463$938$591$154
36 years$3,192$2,120$1,369$864$536$133
37 years$3,072$2,013$1,281$796$486$115
38 years$2,958$1,914$1,200$734$440$99
39 years$2,850$1,820$1,124$677$399$86
40 years$2,748$1,731$1,054$624$362$74
41 years$2,651$1,648$988$576$329$64
42 years$2,559$1,569$927$531$298$56
43 years$2,471$1,495$870$490$271$48
44 years$2,388$1,425$816$453$246$42
45 years$2,309$1,359$766$418$223$36
46 years$2,233$1,297$720$386$202$31
47 years$2,161$1,237$676$357$184$27
48 years$2,092$1,181$636$330$167$23
49 years$2,026$1,128$597$305$152$20
50 years$1,962$1,078$562$282$138$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,010,000, adding $6,819 every year, while hoping to spend $29,466 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: 44/38/18 Blend
73$2,010,000$2,010,000$2,010,000$2,010,000
74$2,222,054$2,115,524$2,084,369$2,307,986
75$2,417,352$2,187,833$2,122,844$2,441,332
76$2,631,582$2,262,698$2,161,620$2,582,333
77$2,866,646$2,340,212$2,200,676$2,734,546
78$3,124,635$2,420,474$2,239,990$2,899,020
79$3,407,855$2,503,584$2,279,537$3,076,910
80$3,718,846$2,589,649$2,319,291$3,269,483
81$4,060,405$2,678,778$2,359,224$3,478,136
82$4,435,613$2,771,085$2,399,304$3,704,401
83$4,847,865$2,866,688$2,439,501$3,949,966
84$5,300,901$2,965,710$2,479,778$4,216,687
85$5,798,842$3,068,278$2,520,099$4,506,606
86$6,346,225$3,174,526$2,560,424$4,821,969
87$6,948,053$3,284,590$2,600,711$5,165,248
88$7,609,834$3,398,615$2,640,915$5,539,164
89$8,337,639$3,516,749$2,680,987$5,946,710
90$9,138,155$3,639,147$2,720,878$6,391,181
91$10,018,752$3,765,969$2,760,532$6,876,205
92$10,987,547$3,897,385$2,799,892$7,405,775
93$12,053,487$4,033,566$2,838,898$7,984,284
94$13,226,426$4,174,694$2,877,484$8,616,574
95$14,517,224$4,320,957$2,915,583$9,307,971
96$15,937,848$4,472,551$2,953,122$10,064,343
97$17,501,481$4,629,679$2,990,025$10,892,148
98$19,222,651$4,792,552$3,026,209$11,798,501
99$21,117,365$4,961,391$3,061,591$12,791,234
100$23,203,261$5,136,423$3,096,079$13,878,975