Can I retire at age 74 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$213,054$211,156$209,305$207,497$205,733$204,694
2 years$105,472$103,508$101,604$99,758$97,968$96,919
3 years$69,616$67,644$65,745$63,916$62,155$61,129
4 years$51,692$49,725$47,845$46,048$44,329$43,334
5 years$40,940$38,985$37,130$35,369$33,699$32,737
6 years$33,775$31,834$30,006$28,285$26,664$25,738
7 years$28,658$26,734$24,936$23,255$21,685$20,795
8 years$24,823$22,916$21,147$19,508$17,990$17,135
9 years$21,841$19,953$18,214$16,616$15,150$14,330
10 years$19,457$17,587$15,880$14,323$12,909$12,124
11 years$17,508$15,657$13,980$12,466$11,102$10,351
12 years$15,885$14,053$12,407$10,934$9,621$8,904
13 years$14,513$12,700$11,085$9,653$8,389$7,706
14 years$13,338$11,544$9,960$8,569$7,354$6,703
15 years$12,320$10,545$8,992$7,642$6,475$5,855
16 years$11,430$9,675$8,153$6,843$5,723$5,133
17 years$10,646$8,910$7,419$6,148$5,074$4,514
18 years$9,950$8,234$6,772$5,541$4,512$3,981
19 years$9,328$7,631$6,200$5,006$4,021$3,518
20 years$8,769$7,091$5,690$4,534$3,592$3,116
21 years$8,263$6,605$5,234$4,115$3,214$2,764
22 years$7,804$6,166$4,824$3,742$2,881$2,456
23 years$7,386$5,766$4,454$3,408$2,586$2,185
24 years$7,003$5,403$4,119$3,108$2,325$1,946
25 years$6,652$5,070$3,815$2,838$2,092$1,735
26 years$6,328$4,765$3,538$2,595$1,884$1,549
27 years$6,028$4,485$3,285$2,375$1,699$1,383
28 years$5,750$4,226$3,054$2,176$1,533$1,237
29 years$5,492$3,987$2,842$1,996$1,384$1,106
30 years$5,252$3,765$2,647$1,832$1,251$990
31 years$5,027$3,559$2,468$1,682$1,131$886
32 years$4,817$3,368$2,303$1,546$1,023$794
33 years$4,620$3,189$2,150$1,422$926$711
34 years$4,436$3,023$2,009$1,308$838$638
35 years$4,262$2,867$1,878$1,204$759$572
36 years$4,098$2,721$1,757$1,109$688$513
37 years$3,943$2,584$1,645$1,022$623$460
38 years$3,797$2,456$1,540$942$565$413
39 years$3,658$2,336$1,443$868$512$371
40 years$3,527$2,222$1,352$801$465$333
41 years$3,403$2,115$1,268$739$422$299
42 years$3,285$2,014$1,190$682$383$269
43 years$3,172$1,919$1,116$630$347$241
44 years$3,065$1,830$1,048$581$315$217
45 years$2,963$1,745$984$537$286$195
46 years$2,866$1,664$924$496$260$175
47 years$2,774$1,588$868$458$236$157
48 years$2,685$1,516$816$423$214$141
49 years$2,600$1,448$767$391$195$127
50 years$2,519$1,383$721$362$177$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,580,000, adding $3,996 every year, while hoping to spend $45,136 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: 59/33/8 Blend
73$2,580,000$2,580,000$2,580,000$2,580,000
74$2,847,282$2,710,542$2,670,552$3,010,029
75$3,089,680$2,795,334$2,711,991$3,204,532
76$3,355,291$2,882,768$2,753,306$3,411,029
77$3,646,433$2,972,926$2,794,444$3,635,058
78$3,965,662$3,065,893$2,835,351$3,878,306
79$4,315,792$3,161,754$2,875,967$4,142,628
80$4,699,923$3,260,600$2,916,232$4,430,064
81$5,121,468$3,362,523$2,956,080$4,742,861
82$5,584,189$3,467,618$2,995,440$5,083,492
83$6,092,228$3,575,983$3,034,239$5,454,678
84$6,650,149$3,687,719$3,072,399$5,859,415
85$7,262,977$3,802,931$3,109,837$6,301,000
86$7,936,251$3,921,725$3,146,467$6,783,063
87$8,676,071$4,044,212$3,182,196$7,309,603
88$9,489,158$4,170,506$3,216,928$7,885,020
89$10,382,916$4,300,724$3,250,558$8,514,161
90$11,365,502$4,434,988$3,282,981$9,202,362
91$12,445,903$4,573,422$3,314,080$9,955,501
92$13,634,020$4,716,155$3,343,736$10,780,049
93$14,940,761$4,863,318$3,371,824$11,683,134
94$16,378,147$5,015,049$3,398,208$12,672,609
95$17,959,419$5,171,487$3,422,749$13,757,119
96$19,699,168$5,332,778$3,445,299$14,946,190
97$21,613,470$5,499,071$3,465,703$16,250,313
98$23,720,038$5,670,519$3,483,798$17,681,044
99$26,038,388$5,847,281$3,499,412$19,251,113
100$28,590,026$6,029,520$3,512,364$20,974,545