Can I retire at age 74 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$214,706$212,793$210,927$209,106$207,328$206,194
2 years$106,290$104,310$102,392$100,532$98,727$97,583
3 years$70,156$68,168$66,254$64,412$62,637$61,518
4 years$52,093$50,111$48,216$46,405$44,673$43,588
5 years$41,257$39,287$37,418$35,643$33,960$32,912
6 years$34,036$32,081$30,239$28,504$26,871$25,861
7 years$28,880$26,942$25,129$23,435$21,853$20,883
8 years$25,015$23,094$21,311$19,659$18,130$17,198
9 years$22,011$20,107$18,355$16,745$15,268$14,374
10 years$19,608$17,724$16,003$14,434$13,009$12,154
11 years$17,644$15,778$14,088$12,562$11,188$10,371
12 years$16,008$14,162$12,503$11,019$9,695$8,915
13 years$14,625$12,798$11,171$9,728$8,455$7,710
14 years$13,441$11,633$10,037$8,635$7,411$6,702
15 years$12,415$10,627$9,062$7,701$6,525$5,851
16 years$11,519$9,750$8,216$6,896$5,767$5,126
17 years$10,729$8,980$7,476$6,196$5,114$4,505
18 years$10,027$8,298$6,825$5,584$4,547$3,970
19 years$9,400$7,690$6,248$5,045$4,053$3,506
20 years$8,837$7,146$5,734$4,569$3,620$3,103
21 years$8,327$6,656$5,274$4,147$3,239$2,751
22 years$7,865$6,213$4,861$3,771$2,904$2,442
23 years$7,443$5,811$4,488$3,434$2,606$2,171
24 years$7,058$5,445$4,151$3,132$2,343$1,932
25 years$6,703$5,110$3,845$2,860$2,108$1,722
26 years$6,377$4,802$3,566$2,615$1,899$1,535
27 years$6,075$4,519$3,311$2,394$1,712$1,370
28 years$5,795$4,259$3,078$2,193$1,545$1,224
29 years$5,535$4,018$2,864$2,011$1,395$1,094
30 years$5,292$3,794$2,668$1,846$1,260$978
31 years$5,066$3,587$2,487$1,695$1,140$875
32 years$4,855$3,394$2,321$1,558$1,031$783
33 years$4,656$3,214$2,167$1,433$933$701
34 years$4,470$3,046$2,025$1,318$845$628
35 years$4,295$2,889$1,893$1,213$765$563
36 years$4,129$2,742$1,771$1,118$693$504
37 years$3,974$2,604$1,657$1,030$628$452
38 years$3,826$2,475$1,552$949$570$406
39 years$3,687$2,354$1,454$875$516$364
40 years$3,555$2,239$1,363$807$468$326
41 years$3,429$2,132$1,278$745$425$293
42 years$3,310$2,030$1,199$687$386$263
43 years$3,197$1,934$1,125$634$350$236
44 years$3,089$1,844$1,056$586$318$212
45 years$2,986$1,758$991$541$288$190
46 years$2,889$1,677$931$500$262$171
47 years$2,795$1,601$875$462$238$153
48 years$2,706$1,528$822$427$216$137
49 years$2,620$1,459$773$394$196$123
50 years$2,539$1,394$726$364$178$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,600,000, adding $4,391 every year, while hoping to spend $58,387 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: 57/35/8 Blend
73$2,600,000$2,600,000$2,600,000$2,600,000
74$2,869,729$2,731,929$2,691,629$3,027,810
75$3,100,318$2,803,671$2,719,676$3,206,508
76$3,352,471$2,876,970$2,746,705$3,394,194
77$3,628,324$2,951,843$2,772,620$3,597,259
78$3,930,232$3,028,302$2,797,322$3,817,176
79$4,260,787$3,106,361$2,820,704$4,055,571
80$4,622,844$3,186,029$2,842,654$4,314,230
81$5,019,545$3,267,315$2,863,054$4,595,123
82$5,454,352$3,350,227$2,881,780$4,900,416
83$5,931,079$3,434,771$2,898,702$5,232,496
84$6,453,923$3,520,949$2,913,683$5,593,990
85$7,027,511$3,608,763$2,926,579$5,987,793
86$7,656,936$3,698,212$2,937,239$6,417,090
87$8,347,810$3,789,291$2,945,503$6,885,394
88$9,106,315$3,881,994$2,951,205$7,396,569
89$9,939,258$3,976,310$2,954,169$7,954,876
90$10,854,140$4,072,227$2,954,211$8,565,005
91$11,859,224$4,169,728$2,951,139$9,232,125
92$12,963,612$4,268,793$2,944,750$9,961,929
93$14,177,333$4,369,396$2,934,832$10,760,691
94$15,511,434$4,471,509$2,921,161$11,635,320
95$16,978,085$4,575,097$2,903,505$12,593,430
96$18,590,695$4,680,123$2,881,618$13,643,409
97$20,364,039$4,786,542$2,855,245$14,794,501
98$22,314,392$4,894,304$2,824,117$16,056,889
99$24,459,687$5,003,352$2,787,952$17,441,793
100$26,819,684$5,113,625$2,746,457$18,961,578