Can I retire at age 74 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$218,009$216,067$214,172$212,323$210,517$208,406
2 years$107,925$105,915$103,967$102,078$100,246$98,119
3 years$71,235$69,217$67,274$65,403$63,600$61,524
4 years$52,894$50,882$48,958$47,119$45,360$43,351
5 years$41,892$39,892$37,993$36,192$34,482$32,545
6 years$34,560$32,575$30,704$28,943$27,285$25,423
7 years$29,325$27,356$25,515$23,796$22,190$20,404
8 years$25,400$23,449$21,639$19,961$18,408$16,698
9 years$22,349$20,417$18,638$17,003$15,503$13,868
10 years$19,910$17,996$16,249$14,657$13,209$11,648
11 years$17,916$16,021$14,305$12,756$11,360$9,872
12 years$16,255$14,380$12,695$11,188$9,844$8,428
13 years$14,850$12,995$11,343$9,878$8,585$7,238
14 years$13,648$11,812$10,191$8,768$7,525$6,246
15 years$12,606$10,791$9,201$7,820$6,626$5,413
16 years$11,696$9,900$8,342$7,002$5,856$4,707
17 years$10,894$9,118$7,591$6,291$5,192$4,105
18 years$10,181$8,425$6,930$5,669$4,617$3,589
19 years$9,545$7,808$6,344$5,123$4,115$3,145
20 years$8,973$7,256$5,822$4,640$3,676$2,761
21 years$8,455$6,759$5,355$4,211$3,289$2,428
22 years$7,986$6,309$4,936$3,829$2,948$2,138
23 years$7,558$5,901$4,557$3,487$2,647$1,885
24 years$7,166$5,528$4,215$3,180$2,379$1,664
25 years$6,806$5,188$3,904$2,904$2,141$1,470
26 years$6,475$4,876$3,620$2,656$1,928$1,299
27 years$6,168$4,589$3,362$2,431$1,738$1,150
28 years$5,884$4,324$3,125$2,227$1,569$1,018
29 years$5,620$4,079$2,908$2,042$1,416$902
30 years$5,374$3,852$2,709$1,874$1,280$799
31 years$5,144$3,642$2,526$1,721$1,157$708
32 years$4,929$3,446$2,356$1,582$1,047$628
33 years$4,728$3,263$2,200$1,455$947$558
34 years$4,539$3,093$2,056$1,339$858$495
35 years$4,361$2,934$1,922$1,232$777$439
36 years$4,193$2,784$1,798$1,135$704$390
37 years$4,035$2,645$1,683$1,046$638$347
38 years$3,885$2,513$1,576$964$578$308
39 years$3,743$2,390$1,476$889$524$274
40 years$3,609$2,274$1,384$820$476$243
41 years$3,482$2,164$1,298$756$432$216
42 years$3,361$2,061$1,217$698$392$192
43 years$3,246$1,964$1,142$644$355$171
44 years$3,137$1,872$1,072$595$323$152
45 years$3,032$1,785$1,007$549$293$135
46 years$2,933$1,703$946$507$266$120
47 years$2,838$1,625$888$469$241$107
48 years$2,747$1,551$835$433$219$95
49 years$2,661$1,482$785$400$199$84
50 years$2,578$1,415$738$370$181$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,640,000, adding $2,938 every year, while hoping to spend $27,361 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: 35/37/28 Blend
73$2,640,000$2,640,000$2,640,000$2,640,000
74$2,912,311$2,772,391$2,731,471$2,989,568
75$3,180,254$2,879,126$2,793,863$3,154,427
76$3,474,611$2,990,174$2,857,428$3,329,515
77$3,798,047$3,105,718$2,922,177$3,517,907
78$4,153,497$3,225,947$2,988,120$3,720,813
79$4,544,197$3,351,062$3,055,265$3,939,560
80$4,973,710$3,481,269$3,123,621$4,175,607
81$5,445,962$3,616,785$3,193,196$4,430,554
82$5,965,280$3,757,837$3,263,998$4,706,160
83$6,536,428$3,904,661$3,336,032$5,004,356
84$7,164,659$4,057,504$3,409,304$5,327,265
85$7,855,757$4,216,624$3,483,818$5,677,220
86$8,616,096$4,382,291$3,559,578$6,056,786
87$9,452,700$4,554,786$3,636,586$6,468,780
88$10,373,307$4,734,402$3,714,844$6,916,303
89$11,386,444$4,921,447$3,794,350$7,402,762
90$12,501,505$5,116,241$3,875,105$7,931,905
91$13,728,842$5,319,121$3,957,104$8,507,854
92$15,079,861$5,530,435$4,040,344$9,135,142
93$16,567,130$5,750,550$4,124,819$9,818,759
94$18,204,498$5,979,847$4,210,522$10,564,191
95$20,007,225$6,218,728$4,297,442$11,377,477
96$21,992,125$6,467,608$4,385,569$12,265,261
97$24,177,725$6,726,925$4,474,890$13,234,854
98$26,584,443$6,997,134$4,565,388$14,294,304
99$29,234,774$7,278,711$4,657,046$15,452,468
100$32,153,509$7,572,156$4,749,845$16,719,095