Can I retire at age 74 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$194,887$193,151$191,457$189,804$188,190$183,194
2 years$96,479$94,682$92,940$91,252$89,614$84,616
3 years$63,680$61,876$60,139$58,466$56,855$52,011
4 years$47,284$45,485$43,765$42,121$40,549$35,897
5 years$37,449$35,661$33,964$32,353$30,825$26,376
6 years$30,895$29,120$27,448$25,873$24,391$20,150
7 years$26,215$24,455$22,809$21,272$19,836$15,804
8 years$22,706$20,962$19,344$17,844$16,456$12,630
9 years$19,979$18,251$16,661$15,199$13,858$10,236
10 years$17,798$16,088$14,525$13,102$11,808$8,384
11 years$16,015$14,322$12,788$11,403$10,155$6,925
12 years$14,531$12,855$11,349$10,002$8,800$5,757
13 years$13,275$11,617$10,140$8,830$7,674$4,812
14 years$12,200$10,559$9,110$7,838$6,727$4,039
15 years$11,269$9,646$8,226$6,990$5,923$3,403
16 years$10,456$8,850$7,458$6,259$5,235$2,875
17 years$9,738$8,151$6,786$5,624$4,642$2,435
18 years$9,102$7,532$6,195$5,068$4,127$2,067
19 years$8,532$6,980$5,671$4,580$3,679$1,757
20 years$8,021$6,486$5,205$4,148$3,286$1,496
21 years$7,559$6,042$4,787$3,764$2,940$1,275
22 years$7,139$5,640$4,412$3,423$2,636$1,088
23 years$6,756$5,275$4,074$3,117$2,366$929
24 years$6,406$4,942$3,768$2,843$2,127$794
25 years$6,084$4,638$3,490$2,596$1,914$679
26 years$5,788$4,359$3,236$2,374$1,724$581
27 years$5,514$4,102$3,005$2,173$1,554$497
28 years$5,260$3,866$2,794$1,991$1,402$426
29 years$5,024$3,647$2,600$1,826$1,266$365
30 years$4,804$3,444$2,422$1,675$1,144$313
31 years$4,599$3,256$2,258$1,539$1,034$268
32 years$4,407$3,080$2,106$1,414$936$230
33 years$4,226$2,917$1,967$1,300$847$197
34 years$4,057$2,765$1,838$1,197$767$169
35 years$3,898$2,622$1,718$1,101$694$145
36 years$3,748$2,489$1,607$1,014$629$124
37 years$3,607$2,364$1,504$935$570$107
38 years$3,473$2,247$1,409$862$517$91
39 years$3,346$2,136$1,320$794$469$78
40 years$3,226$2,033$1,237$733$425$67
41 years$3,113$1,935$1,160$676$386$58
42 years$3,005$1,843$1,088$624$350$50
43 years$2,902$1,756$1,021$576$318$43
44 years$2,804$1,674$958$532$288$37
45 years$2,711$1,596$900$491$262$31
46 years$2,622$1,522$845$454$238$27
47 years$2,537$1,453$794$419$216$23
48 years$2,456$1,387$746$387$196$20
49 years$2,378$1,324$701$358$178$17
50 years$2,304$1,265$659$331$162$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,360,000, adding $2,302 every year, while hoping to spend $21,134 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: 52/18/30 Blend
73$2,360,000$2,360,000$2,360,000$2,360,000
74$2,603,095$2,478,015$2,441,435$2,716,372
75$2,846,124$2,576,951$2,500,736$2,894,493
76$3,113,234$2,680,027$2,561,316$3,085,854
77$3,406,858$2,787,423$2,623,195$3,293,629
78$3,729,679$2,899,327$2,686,393$3,519,397
79$4,084,649$3,015,938$2,750,931$3,764,893
80$4,475,025$3,137,461$2,816,828$4,032,030
81$4,904,393$3,264,111$2,884,107$4,322,908
82$5,376,702$3,396,114$2,952,786$4,639,840
83$5,896,307$3,533,704$3,022,885$4,985,372
84$6,468,004$3,677,130$3,094,426$5,362,305
85$7,097,077$3,826,646$3,167,426$5,773,722
86$7,789,350$3,982,523$3,241,906$6,223,017
87$8,551,239$4,145,042$3,317,885$6,713,925
88$9,389,813$4,314,496$3,395,381$7,250,559
89$10,312,861$4,491,193$3,474,414$7,837,447
90$11,328,966$4,675,456$3,555,000$8,479,573
91$12,447,587$4,867,619$3,637,159$9,182,426
92$13,679,143$5,068,035$3,720,906$9,952,049
93$15,035,118$5,277,071$3,806,259$10,795,097
94$16,528,165$5,495,112$3,893,233$11,718,898
95$18,172,225$5,722,560$3,981,844$12,731,523
96$19,982,663$5,959,836$4,072,106$13,841,859
97$21,976,406$6,207,380$4,164,034$15,059,695
98$24,172,110$6,465,652$4,257,639$16,395,811
99$26,590,331$6,735,134$4,352,935$17,862,082
100$29,253,718$7,016,329$4,449,933$19,471,587