Can I retire at age 74 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$172,590$171,053$169,553$168,089$166,660$164,919
2 years$85,441$83,849$82,307$80,812$79,362$77,609
3 years$56,395$54,797$53,258$51,777$50,350$48,640
4 years$41,874$40,281$38,758$37,302$35,910$34,255
5 years$33,165$31,581$30,078$28,652$27,298$25,703
6 years$27,360$25,788$24,308$22,913$21,600$20,067
7 years$23,215$21,657$20,200$18,838$17,567$16,097
8 years$20,108$18,564$17,131$15,803$14,573$13,166
9 years$17,693$16,163$14,755$13,461$12,273$10,928
10 years$15,762$14,247$12,864$11,603$10,457$9,173
11 years$14,183$12,683$11,325$10,098$8,993$7,770
12 years$12,868$11,384$10,051$8,857$7,794$6,629
13 years$11,757$10,288$8,980$7,820$6,796$5,689
14 years$10,804$9,351$8,068$6,942$5,957$4,906
15 years$9,980$8,543$7,284$6,191$5,245$4,249
16 years$9,259$7,838$6,604$5,543$4,636$3,692
17 years$8,624$7,218$6,010$4,980$4,111$3,218
18 years$8,060$6,670$5,486$4,488$3,655$2,812
19 years$7,556$6,182$5,022$4,056$3,258$2,462
20 years$7,103$5,744$4,609$3,673$2,910$2,160
21 years$6,694$5,351$4,240$3,334$2,604$1,898
22 years$6,322$4,995$3,907$3,031$2,334$1,670
23 years$5,983$4,671$3,608$2,760$2,095$1,471
24 years$5,673$4,377$3,337$2,518$1,883$1,297
25 years$5,388$4,107$3,090$2,299$1,695$1,145
26 years$5,126$3,860$2,866$2,102$1,526$1,012
27 years$4,883$3,633$2,662$1,924$1,376$894
28 years$4,658$3,423$2,474$1,763$1,242$791
29 years$4,449$3,229$2,302$1,617$1,121$700
30 years$4,254$3,050$2,145$1,484$1,013$620
31 years$4,072$2,883$1,999$1,363$916$549
32 years$3,902$2,728$1,865$1,252$829$487
33 years$3,743$2,584$1,742$1,152$750$432
34 years$3,593$2,449$1,627$1,060$679$383
35 years$3,452$2,322$1,522$975$615$340
36 years$3,319$2,204$1,423$898$557$301
37 years$3,194$2,094$1,332$828$505$267
38 years$3,076$1,990$1,248$763$458$237
39 years$2,964$1,892$1,169$703$415$211
40 years$2,857$1,800$1,096$649$377$187
41 years$2,757$1,714$1,027$599$342$166
42 years$2,661$1,632$964$552$310$148
43 years$2,570$1,555$904$510$281$131
44 years$2,483$1,482$849$471$255$116
45 years$2,401$1,413$797$435$232$103
46 years$2,322$1,348$749$402$210$92
47 years$2,247$1,287$703$371$191$82
48 years$2,175$1,228$661$343$174$73
49 years$2,106$1,173$621$317$158$64
50 years$2,041$1,120$584$293$143$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,090,000, adding $6,318 every year, while hoping to spend $54,488 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: 65/9/26 Blend
73$2,090,000$2,090,000$2,090,000$2,090,000
74$2,309,697$2,198,927$2,166,532$2,443,688
75$2,487,311$2,248,700$2,181,136$2,584,658
76$2,681,216$2,299,085$2,194,403$2,732,019
77$2,893,015$2,350,055$2,206,231$2,891,871
78$3,124,475$2,401,580$2,216,512$3,065,447
79$3,377,539$2,453,626$2,225,133$3,254,106
80$3,654,349$2,506,154$2,231,975$3,459,347
81$3,957,261$2,559,123$2,236,914$3,682,820
82$4,288,869$2,612,488$2,239,819$3,926,345
83$4,652,033$2,666,200$2,240,552$4,191,927
84$5,049,899$2,720,202$2,238,970$4,481,778
85$5,485,934$2,774,437$2,234,920$4,798,333
86$5,963,953$2,828,838$2,228,244$5,144,278
87$6,488,162$2,883,337$2,218,776$5,522,574
88$7,063,191$2,937,857$2,206,341$5,936,483
89$7,694,139$2,992,315$2,190,756$6,389,602
90$8,386,625$3,046,622$2,171,830$6,885,896
91$9,146,837$3,100,682$2,149,363$7,429,733
92$9,981,591$3,154,392$2,123,142$8,025,930
93$10,898,395$3,207,639$2,092,950$8,679,797
94$11,905,522$3,260,305$2,058,555$9,397,185
95$13,012,084$3,312,258$2,019,715$10,184,545
96$14,228,120$3,363,362$1,976,178$11,048,987
97$15,564,688$3,413,467$1,927,680$11,998,348
98$17,033,973$3,462,414$1,873,945$13,041,266
99$18,649,399$3,510,032$1,814,683$14,187,262
100$20,425,754$3,556,140$1,749,590$15,446,833