Can I retire at age 74 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$218,835$216,885$214,983$213,127$211,315$206,964
2 years$108,334$106,316$104,361$102,465$100,626$96,262
3 years$71,505$69,479$67,528$65,650$63,841$59,601
4 years$53,094$51,074$49,143$47,297$45,532$41,448
5 years$42,051$40,043$38,137$36,329$34,613$30,696
6 years$34,691$32,698$30,821$29,053$27,388$23,643
7 years$29,436$27,460$25,612$23,886$22,274$18,701
8 years$25,496$23,538$21,721$20,037$18,478$15,077
9 years$22,434$20,494$18,708$17,067$15,561$12,330
10 years$19,985$18,065$16,310$14,712$13,259$10,193
11 years$17,983$16,082$14,359$12,804$11,403$8,500
12 years$16,316$14,434$12,744$11,231$9,882$7,136
13 years$14,907$13,044$11,386$9,915$8,617$6,025
14 years$13,699$11,857$10,230$8,801$7,554$5,110
15 years$12,654$10,831$9,236$7,849$6,651$4,350
16 years$11,740$9,938$8,374$7,028$5,878$3,715
17 years$10,935$9,152$7,620$6,315$5,212$3,180
18 years$10,220$8,457$6,956$5,691$4,634$2,729
19 years$9,581$7,838$6,368$5,142$4,131$2,346
20 years$9,007$7,283$5,844$4,657$3,689$2,020
21 years$8,487$6,784$5,376$4,227$3,302$1,742
22 years$8,016$6,333$4,954$3,843$2,959$1,504
23 years$7,587$5,923$4,575$3,500$2,657$1,299
24 years$7,193$5,549$4,231$3,192$2,388$1,124
25 years$6,832$5,208$3,918$2,915$2,149$973
26 years$6,499$4,895$3,634$2,666$1,935$842
27 years$6,192$4,606$3,375$2,440$1,745$730
28 years$5,906$4,341$3,137$2,235$1,575$633
29 years$5,641$4,095$2,919$2,050$1,422$549
30 years$5,394$3,867$2,719$1,881$1,285$476
31 years$5,164$3,656$2,535$1,728$1,161$413
32 years$4,948$3,459$2,365$1,588$1,051$359
33 years$4,746$3,276$2,209$1,460$951$311
34 years$4,556$3,105$2,064$1,344$861$270
35 years$4,377$2,945$1,929$1,237$780$235
36 years$4,209$2,795$1,805$1,139$706$204
37 years$4,050$2,655$1,689$1,050$640$177
38 years$3,900$2,523$1,582$967$580$154
39 years$3,758$2,399$1,482$892$526$134
40 years$3,623$2,282$1,389$823$477$116
41 years$3,495$2,173$1,303$759$433$101
42 years$3,374$2,069$1,222$701$393$88
43 years$3,258$1,971$1,147$647$357$76
44 years$3,149$1,879$1,076$597$324$66
45 years$3,044$1,792$1,011$551$294$58
46 years$2,944$1,710$949$509$267$50
47 years$2,849$1,631$892$471$242$44
48 years$2,758$1,557$838$435$220$38
49 years$2,671$1,487$788$402$200$33
50 years$2,587$1,421$740$371$182$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,650,000, adding $5,960 every year, while hoping to spend $25,409 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: 70/8/22 Blend
73$2,650,000$2,650,000$2,650,000$2,650,000
74$2,926,448$2,785,998$2,744,923$3,114,867
75$3,197,910$2,895,477$2,809,843$3,350,966
76$3,496,211$3,009,468$2,876,086$3,605,773
77$3,824,059$3,128,167$2,943,670$3,884,076
78$4,184,442$3,251,776$3,012,612$4,188,199
79$4,580,649$3,380,508$3,082,928$4,520,701
80$5,016,306$3,514,583$3,154,637$4,884,402
81$5,495,405$3,654,233$3,227,753$5,282,405
82$6,022,346$3,799,700$3,302,292$5,718,128
83$6,601,977$3,951,238$3,378,271$6,195,336
84$7,239,639$4,109,109$3,455,703$6,718,173
85$7,941,217$4,273,590$3,534,604$7,291,206
86$8,713,195$4,444,969$3,614,987$7,919,464
87$9,562,716$4,623,548$3,696,864$8,608,487
88$10,497,653$4,809,642$3,780,249$9,364,376
89$11,526,679$5,003,580$3,865,153$10,193,852
90$12,659,351$5,205,706$3,951,587$11,104,319
91$13,906,200$5,416,381$4,039,560$12,103,932
92$15,278,829$5,635,979$4,129,081$13,201,676
93$16,790,022$5,864,895$4,220,158$14,407,449
94$18,453,870$6,103,540$4,312,799$15,732,155
95$20,285,894$6,352,343$4,407,007$17,187,805
96$22,303,202$6,611,755$4,502,788$18,787,635
97$24,524,641$6,882,243$4,600,144$20,546,224
98$26,970,982$7,164,301$4,699,077$22,479,635
99$29,665,113$7,458,442$4,799,587$24,605,568
100$32,632,252$7,765,203$4,901,670$26,943,522