Can I retire at age 74 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$213,880$211,975$210,116$208,302$206,530$203,444
2 years$105,881$103,909$101,998$100,145$98,348$95,245
3 years$69,886$67,906$65,999$64,164$62,396$59,374
4 years$51,892$49,918$48,031$46,226$44,501$41,583
5 years$41,099$39,136$37,274$35,506$33,829$31,023
6 years$33,905$31,958$30,123$28,395$26,768$24,077
7 years$28,769$26,838$25,032$23,345$21,769$19,195
8 years$24,919$23,005$21,229$19,583$18,060$15,601
9 years$21,926$20,030$18,285$16,681$15,209$12,865
10 years$19,533$17,656$15,941$14,379$12,959$10,728
11 years$17,576$15,718$14,034$12,514$11,145$9,024
12 years$15,947$14,107$12,455$10,976$9,658$7,645
13 years$14,569$12,749$11,128$9,691$8,422$6,515
14 years$13,389$11,588$9,998$8,602$7,383$5,578
15 years$12,368$10,586$9,027$7,672$6,500$4,794
16 years$11,475$9,713$8,184$6,869$5,745$4,134
17 years$10,688$8,945$7,448$6,172$5,094$3,575
18 years$9,989$8,266$6,799$5,562$4,529$3,099
19 years$9,364$7,660$6,224$5,026$4,037$2,692
20 years$8,803$7,118$5,712$4,552$3,606$2,343
21 years$8,295$6,631$5,254$4,131$3,227$2,042
22 years$7,835$6,189$4,842$3,756$2,892$1,781
23 years$7,415$5,789$4,471$3,421$2,596$1,556
24 years$7,030$5,424$4,135$3,120$2,334$1,361
25 years$6,677$5,090$3,830$2,849$2,100$1,191
26 years$6,352$4,784$3,552$2,605$1,892$1,043
27 years$6,051$4,502$3,298$2,385$1,705$914
28 years$5,773$4,242$3,066$2,185$1,539$801
29 years$5,513$4,002$2,853$2,004$1,390$703
30 years$5,272$3,780$2,658$1,839$1,256$617
31 years$5,047$3,573$2,478$1,689$1,135$542
32 years$4,836$3,381$2,312$1,552$1,027$476
33 years$4,638$3,202$2,159$1,427$929$418
34 years$4,453$3,034$2,017$1,313$841$367
35 years$4,278$2,878$1,886$1,209$762$323
36 years$4,114$2,732$1,764$1,113$690$284
37 years$3,958$2,594$1,651$1,026$626$249
38 years$3,811$2,466$1,546$945$567$219
39 years$3,673$2,345$1,448$872$514$193
40 years$3,541$2,231$1,358$804$467$170
41 years$3,416$2,123$1,273$742$423$149
42 years$3,297$2,022$1,194$685$384$131
43 years$3,185$1,927$1,121$632$349$115
44 years$3,077$1,837$1,052$584$316$102
45 years$2,975$1,751$988$539$287$89
46 years$2,877$1,671$928$498$261$79
47 years$2,784$1,594$871$460$237$69
48 years$2,695$1,522$819$425$215$61
49 years$2,610$1,454$770$393$195$54
50 years$2,529$1,388$724$363$177$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,590,000, adding $2,594 every year, while hoping to spend $38,884 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: 60/21/19 Blend
73$2,590,000$2,590,000$2,590,000$2,590,000
74$2,856,856$2,719,586$2,679,441$3,013,991
75$3,106,883$2,811,473$2,727,830$3,212,482
76$3,381,109$2,906,560$2,776,536$3,424,413
77$3,681,963$3,004,961$2,825,531$3,654,739
78$4,012,116$3,106,798$2,874,780$3,905,249
79$4,374,516$3,212,195$2,924,248$4,177,910
80$4,772,404$3,321,280$2,973,898$4,474,889
81$5,209,355$3,434,189$3,023,690$4,798,570
82$5,689,306$3,551,060$3,073,580$5,151,578
83$6,216,592$3,672,040$3,123,522$5,536,803
84$6,795,992$3,797,276$3,173,467$5,957,428
85$7,432,767$3,926,927$3,223,362$6,416,956
86$8,132,716$4,061,153$3,273,152$6,919,246
87$8,902,227$4,200,124$3,322,776$7,468,548
88$9,748,337$4,344,013$3,372,172$8,069,540
89$10,678,800$4,493,002$3,421,273$8,727,377
90$11,702,159$4,647,280$3,470,006$9,447,734
91$12,827,825$4,807,043$3,518,297$10,236,862
92$14,066,168$4,972,493$3,566,065$11,101,648
93$15,428,614$5,143,842$3,613,225$12,049,677
94$16,927,752$5,321,310$3,659,688$13,089,302
95$18,577,454$5,505,125$3,705,358$14,229,728
96$20,393,001$5,695,523$3,750,134$15,481,092
97$22,391,234$5,892,751$3,793,911$16,854,562
98$24,590,709$6,097,064$3,836,576$18,362,442
99$27,011,871$6,308,730$3,878,011$20,018,285
100$29,677,248$6,528,024$3,918,091$21,837,025