Can I retire at age 74 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$207,273$205,427$203,626$201,868$200,151$196,351
2 years$102,611$100,700$98,848$97,052$95,310$91,496
3 years$67,728$65,808$63,961$62,182$60,469$56,760
4 years$50,289$48,376$46,547$44,799$43,127$39,552
5 years$39,829$37,927$36,122$34,410$32,784$29,354
6 years$32,858$30,971$29,192$27,518$25,941$22,658
7 years$27,881$26,009$24,259$22,624$21,097$17,963
8 years$24,149$22,295$20,574$18,979$17,502$14,516
9 years$21,249$19,411$17,720$16,166$14,739$11,899
10 years$18,930$17,110$15,449$13,935$12,559$9,861
11 years$17,033$15,232$13,601$12,127$10,801$8,244
12 years$15,454$13,672$12,070$10,637$9,360$6,939
13 years$14,119$12,355$10,784$9,391$8,162$5,874
14 years$12,976$11,230$9,690$8,337$7,155$4,995
15 years$11,986$10,259$8,748$7,435$6,300$4,264
16 years$11,120$9,413$7,932$6,657$5,568$3,652
17 years$10,357$8,669$7,217$5,981$4,937$3,136
18 years$9,680$8,010$6,589$5,390$4,389$2,699
19 years$9,075$7,424$6,032$4,871$3,912$2,327
20 years$8,531$6,899$5,535$4,411$3,495$2,010
21 years$8,039$6,426$5,092$4,003$3,127$1,738
22 years$7,593$5,998$4,693$3,640$2,803$1,505
23 years$7,186$5,610$4,333$3,315$2,516$1,305
24 years$6,813$5,256$4,007$3,024$2,262$1,132
25 years$6,471$4,933$3,711$2,761$2,035$983
26 years$6,156$4,636$3,442$2,525$1,833$854
27 years$5,864$4,363$3,196$2,311$1,653$742
28 years$5,594$4,111$2,971$2,117$1,491$645
29 years$5,343$3,878$2,765$1,942$1,347$562
30 years$5,109$3,663$2,576$1,782$1,217$489
31 years$4,891$3,463$2,401$1,637$1,100$426
32 years$4,687$3,276$2,240$1,504$995$371
33 years$4,495$3,103$2,092$1,383$901$323
34 years$4,315$2,941$1,954$1,273$815$281
35 years$4,146$2,789$1,827$1,171$738$245
36 years$3,986$2,647$1,709$1,079$669$214
37 years$3,836$2,514$1,600$994$606$186
38 years$3,694$2,390$1,498$916$550$162
39 years$3,559$2,272$1,404$845$499$142
40 years$3,432$2,162$1,316$779$452$124
41 years$3,311$2,058$1,234$719$410$108
42 years$3,196$1,960$1,157$664$372$94
43 years$3,086$1,867$1,086$612$338$82
44 years$2,982$1,780$1,019$566$307$72
45 years$2,883$1,697$957$522$278$62
46 years$2,789$1,619$899$482$253$54
47 years$2,698$1,545$845$446$230$47
48 years$2,612$1,475$794$412$208$41
49 years$2,530$1,409$746$381$189$36
50 years$2,451$1,346$701$352$172$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,510,000, adding $6,924 every year, while hoping to spend $26,760 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: 66/14/20 Blend
73$2,510,000$2,510,000$2,510,000$2,510,000
74$2,773,162$2,640,132$2,601,227$2,941,802
75$3,027,552$2,741,026$2,659,896$3,156,650
76$3,306,993$2,845,967$2,719,633$3,387,725
77$3,614,012$2,955,125$2,780,446$3,639,701
78$3,951,393$3,068,677$2,842,342$3,914,632
79$4,322,202$3,186,810$2,905,328$4,214,777
80$4,729,818$3,309,715$2,969,408$4,542,622
81$5,177,963$3,437,595$3,034,587$4,900,905
82$5,670,740$3,570,661$3,100,870$5,292,641
83$6,212,665$3,709,133$3,168,259$5,721,149
84$6,808,717$3,853,241$3,236,756$6,190,084
85$7,464,380$4,003,224$3,306,361$6,703,472
86$8,185,699$4,159,334$3,377,076$7,265,743
87$8,979,330$4,321,831$3,448,898$7,881,779
88$9,852,610$4,490,990$3,521,825$8,556,955
89$10,813,623$4,667,095$3,595,853$9,297,191
90$11,871,274$4,850,444$3,670,976$10,109,009
91$13,035,378$5,041,350$3,747,187$10,999,590
92$14,316,747$5,240,136$3,824,478$11,976,844
93$15,727,297$5,447,144$3,902,840$13,049,486
94$17,280,155$5,662,728$3,982,258$14,227,114
95$18,989,787$5,887,259$4,062,721$15,520,301
96$20,872,135$6,121,124$4,144,211$16,940,695
97$22,944,762$6,364,728$4,226,711$18,501,125
98$25,227,022$6,618,494$4,310,201$20,215,728
99$27,740,242$6,882,864$4,394,657$22,100,074
100$30,507,923$7,158,301$4,480,054$24,171,318