Can I retire at age 74 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$187,454$185,785$184,156$182,566$181,013$176,709
2 years$92,799$91,071$89,396$87,772$86,197$81,885
3 years$61,252$59,516$57,845$56,236$54,687$50,503
4 years$45,481$43,750$42,096$40,515$39,003$34,979
5 years$36,021$34,301$32,669$31,119$29,649$25,797
6 years$29,716$28,009$26,401$24,887$23,461$19,783
7 years$25,215$23,522$21,939$20,461$19,080$15,578
8 years$21,840$20,163$18,606$17,164$15,829$12,501
9 years$19,217$17,555$16,026$14,620$13,330$10,174
10 years$17,120$15,474$13,972$12,602$11,358$8,369
11 years$15,405$13,776$12,300$10,968$9,768$6,943
12 years$13,977$12,364$10,916$9,620$8,465$5,799
13 years$12,769$11,174$9,753$8,493$7,381$4,870
14 years$11,735$10,157$8,763$7,539$6,471$4,108
15 years$10,840$9,278$7,912$6,724$5,697$3,477
16 years$10,057$8,513$7,173$6,020$5,035$2,953
17 years$9,367$7,840$6,527$5,409$4,465$2,514
18 years$8,755$7,244$5,959$4,875$3,970$2,144
19 years$8,207$6,714$5,455$4,405$3,538$1,833
20 years$7,715$6,239$5,006$3,989$3,160$1,568
21 years$7,270$5,811$4,605$3,621$2,828$1,344
22 years$6,867$5,425$4,244$3,292$2,535$1,153
23 years$6,499$5,074$3,919$2,998$2,276$990
24 years$6,162$4,754$3,624$2,734$2,045$851
25 years$5,852$4,461$3,357$2,497$1,841$732
26 years$5,567$4,193$3,113$2,283$1,658$630
27 years$5,304$3,946$2,891$2,090$1,495$542
28 years$5,059$3,718$2,687$1,915$1,349$467
29 years$4,832$3,508$2,501$1,756$1,218$402
30 years$4,621$3,313$2,329$1,612$1,100$347
31 years$4,423$3,131$2,172$1,480$995$299
32 years$4,238$2,963$2,026$1,360$900$258
33 years$4,065$2,806$1,892$1,251$814$222
34 years$3,903$2,659$1,768$1,151$737$192
35 years$3,750$2,522$1,653$1,059$668$165
36 years$3,605$2,394$1,546$976$605$143
37 years$3,469$2,274$1,447$899$548$123
38 years$3,341$2,161$1,355$829$497$106
39 years$3,219$2,055$1,270$764$451$92
40 years$3,103$1,955$1,190$705$409$79
41 years$2,994$1,861$1,116$650$371$68
42 years$2,890$1,772$1,047$600$337$59
43 years$2,791$1,689$982$554$306$51
44 years$2,697$1,610$922$511$277$44
45 years$2,607$1,535$866$472$252$38
46 years$2,522$1,464$813$436$229$33
47 years$2,440$1,397$764$403$208$28
48 years$2,362$1,334$718$372$189$24
49 years$2,288$1,274$675$344$171$21
50 years$2,216$1,217$634$318$156$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,270,000, adding $6,362 every year, while hoping to spend $40,501 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: 68/24/8 Blend
73$2,270,000$2,270,000$2,270,000$2,270,000
74$2,508,102$2,387,792$2,352,607$2,674,586
75$2,720,836$2,461,701$2,388,327$2,859,722
76$2,953,911$2,537,875$2,423,886$3,056,610
77$3,209,360$2,616,380$2,459,236$3,270,838
78$3,489,420$2,697,288$2,494,325$3,504,095
79$3,796,556$2,780,671$2,529,101$3,758,243
80$4,133,484$2,866,603$2,563,505$4,035,331
81$4,503,193$2,955,160$2,597,476$4,337,613
82$4,908,977$3,046,421$2,630,950$4,667,572
83$5,354,465$3,140,468$2,663,859$5,027,942
84$5,843,653$3,237,384$2,696,131$5,421,734
85$6,380,944$3,337,253$2,727,689$5,852,261
86$6,971,187$3,440,166$2,758,454$6,323,173
87$7,619,726$3,546,212$2,788,339$6,838,491
88$8,332,446$3,655,484$2,817,257$7,402,642
89$9,115,832$3,768,080$2,845,112$8,020,500
90$9,977,029$3,884,097$2,871,804$8,697,437
91$10,923,905$4,003,638$2,897,230$9,439,368
92$11,965,134$4,126,806$2,921,277$10,252,807
93$13,110,268$4,253,710$2,943,830$11,144,931
94$14,369,833$4,384,460$2,964,767$12,123,646
95$15,755,427$4,519,169$2,983,958$13,197,662
96$17,279,828$4,657,956$3,001,267$14,376,570
97$18,957,114$4,800,939$3,016,553$15,670,941
98$20,802,798$4,948,243$3,029,666$17,092,416
99$22,833,971$5,099,995$3,040,447$18,653,825
100$25,069,466$5,256,325$3,048,733$20,369,298