Can I retire at age 74 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$217,183$215,248$213,361$211,519$209,720$206,161
2 years$107,516$105,514$103,573$101,692$99,867$96,292
3 years$70,966$68,955$67,019$65,155$63,359$59,880
4 years$52,694$50,689$48,773$46,940$45,189$41,832
5 years$41,734$39,741$37,849$36,055$34,352$31,127
6 years$34,429$32,451$30,588$28,833$27,181$24,092
7 years$29,214$27,253$25,419$23,705$22,106$19,153
8 years$25,304$23,360$21,557$19,886$18,339$15,523
9 years$22,265$20,339$18,567$16,938$15,444$12,762
10 years$19,835$17,928$16,187$14,601$13,159$10,610
11 years$17,848$15,960$14,251$12,707$11,317$8,897
12 years$16,193$14,325$12,647$11,146$9,807$7,513
13 years$14,794$12,946$11,300$9,840$8,552$6,381
14 years$13,596$11,767$10,153$8,735$7,497$5,445
15 years$12,559$10,750$9,167$7,790$6,601$4,664
16 years$11,652$9,863$8,311$6,975$5,834$4,008
17 years$10,853$9,083$7,563$6,267$5,173$3,454
18 years$10,143$8,393$6,904$5,648$4,599$2,983
19 years$9,509$7,779$6,320$5,103$4,099$2,582
20 years$8,939$7,228$5,800$4,622$3,662$2,238
21 years$8,423$6,733$5,335$4,195$3,277$1,943
22 years$7,956$6,285$4,917$3,814$2,937$1,689
23 years$7,529$5,878$4,540$3,474$2,637$1,470
24 years$7,139$5,508$4,199$3,168$2,370$1,280
25 years$6,781$5,169$3,889$2,893$2,132$1,116
26 years$6,450$4,858$3,607$2,645$1,921$973
27 years$6,145$4,572$3,349$2,421$1,732$850
28 years$5,862$4,308$3,113$2,219$1,563$742
29 years$5,599$4,064$2,897$2,035$1,411$648
30 years$5,354$3,838$2,699$1,867$1,275$567
31 years$5,125$3,628$2,516$1,715$1,153$495
32 years$4,911$3,433$2,347$1,576$1,043$433
33 years$4,710$3,251$2,192$1,449$944$379
34 years$4,521$3,081$2,048$1,333$854$332
35 years$4,344$2,922$1,915$1,227$774$290
36 years$4,177$2,774$1,791$1,130$701$254
37 years$4,019$2,635$1,676$1,042$635$222
38 years$3,870$2,504$1,570$960$576$195
39 years$3,729$2,381$1,471$885$522$171
40 years$3,596$2,265$1,379$816$474$149
41 years$3,469$2,156$1,293$753$430$131
42 years$3,348$2,054$1,213$695$390$115
43 years$3,234$1,957$1,138$642$354$100
44 years$3,125$1,865$1,068$593$321$88
45 years$3,021$1,778$1,003$547$292$77
46 years$2,922$1,697$942$506$265$67
47 years$2,827$1,619$885$467$241$59
48 years$2,737$1,546$832$432$218$52
49 years$2,650$1,476$782$399$198$45
50 years$2,568$1,410$735$369$180$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,630,000, adding $5,420 every year, while hoping to spend $23,030 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: 53/29/18 Blend
73$2,630,000$2,630,000$2,630,000$2,630,000
74$2,903,851$2,764,461$2,723,696$3,043,273
75$3,175,540$2,875,416$2,790,436$3,250,361
76$3,474,169$2,991,035$2,858,640$3,472,697
77$3,802,463$3,111,524$2,928,332$3,714,118
78$4,163,421$3,237,096$2,999,539$3,976,447
79$4,560,350$3,367,973$3,072,283$4,261,687
80$4,996,891$3,504,390$3,146,590$4,572,041
81$5,477,059$3,646,590$3,222,486$4,909,932
82$6,005,274$3,794,828$3,299,994$5,278,025
83$6,586,408$3,949,370$3,379,140$5,679,250
84$7,225,828$4,110,496$3,459,948$6,116,832
85$7,929,448$4,278,497$3,542,442$6,594,318
86$8,703,786$4,453,677$3,626,648$7,115,612
87$9,556,020$4,636,355$3,712,588$7,685,009
88$10,494,062$4,826,864$3,800,288$8,307,235
89$11,526,630$5,025,554$3,889,771$8,987,492
90$12,663,328$5,232,787$3,981,060$9,731,505
91$13,914,739$5,448,946$4,074,178$10,545,576
92$15,292,527$5,674,429$4,169,147$11,436,643
93$16,809,542$5,909,653$4,265,990$12,412,341
94$18,479,943$6,155,054$4,364,729$13,481,077
95$20,319,334$6,411,088$4,465,384$14,652,108
96$22,344,907$6,678,233$4,567,976$15,935,624
97$24,575,609$6,956,987$4,672,524$17,342,847
98$27,032,314$7,247,873$4,779,047$18,886,131
99$29,738,029$7,551,438$4,887,563$20,579,082
100$32,718,102$7,868,252$4,998,090$22,436,683