Can I retire at age 74 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$227,092$225,070$223,096$221,170$219,289$211,340
2 years$112,422$110,328$108,299$106,332$104,423$96,502
3 years$74,204$72,101$70,077$68,128$66,250$58,606
4 years$55,098$53,002$50,998$49,082$47,250$39,941
5 years$43,638$41,554$39,576$37,700$35,919$28,964
6 years$36,000$33,932$31,984$30,149$28,421$21,826
7 years$30,547$28,496$26,579$24,787$23,114$16,877
8 years$26,458$24,426$22,541$20,793$19,175$13,290
9 years$23,280$21,268$19,414$17,711$16,149$10,608
10 years$20,740$18,746$16,926$15,267$13,759$8,553
11 years$18,662$16,689$14,901$13,287$11,834$6,951
12 years$16,932$14,979$13,224$11,655$10,255$5,684
13 years$15,469$13,537$11,815$10,289$8,942$4,671
14 years$14,216$12,304$10,616$9,134$7,839$3,854
15 years$13,132$11,240$9,585$8,146$6,902$3,190
16 years$12,184$10,313$8,690$7,293$6,100$2,647
17 years$11,348$9,498$7,908$6,553$5,409$2,201
18 years$10,606$8,776$7,219$5,906$4,809$1,834
19 years$9,943$8,134$6,608$5,336$4,286$1,530
20 years$9,346$7,558$6,065$4,833$3,829$1,278
21 years$8,808$7,040$5,578$4,386$3,426$1,068
22 years$8,319$6,572$5,141$3,988$3,071$894
23 years$7,873$6,146$4,747$3,632$2,757$748
24 years$7,465$5,759$4,390$3,313$2,478$627
25 years$7,090$5,404$4,066$3,025$2,230$526
26 years$6,744$5,079$3,771$2,766$2,008$441
27 years$6,425$4,780$3,502$2,532$1,811$370
28 years$6,129$4,504$3,256$2,320$1,634$310
29 years$5,854$4,249$3,030$2,127$1,475$260
30 years$5,598$4,013$2,822$1,952$1,333$219
31 years$5,359$3,794$2,631$1,793$1,205$184
32 years$5,135$3,590$2,455$1,648$1,090$154
33 years$4,925$3,399$2,292$1,515$987$129
34 years$4,728$3,222$2,141$1,394$893$109
35 years$4,542$3,056$2,002$1,284$809$91
36 years$4,368$2,900$1,873$1,182$733$77
37 years$4,203$2,755$1,753$1,089$664$64
38 years$4,047$2,618$1,642$1,004$602$54
39 years$3,899$2,489$1,538$926$546$45
40 years$3,760$2,369$1,442$854$495$38
41 years$3,627$2,255$1,352$788$449$32
42 years$3,501$2,147$1,268$727$408$27
43 years$3,381$2,046$1,190$671$370$23
44 years$3,267$1,950$1,117$620$336$19
45 years$3,159$1,860$1,049$572$305$16
46 years$3,055$1,774$985$529$277$13
47 years$2,956$1,693$925$488$251$11
48 years$2,862$1,616$870$451$228$9
49 years$2,771$1,543$817$417$207$8
50 years$2,685$1,474$768$385$188$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,750,000, adding $4,034 every year, while hoping to spend $22,789 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: 76/18/6 Blend
73$2,750,000$2,750,000$2,750,000$2,750,000
74$3,034,661$2,888,911$2,846,286$3,263,204
75$3,319,949$3,006,220$2,917,389$3,531,208
76$3,633,573$3,128,514$2,990,111$3,821,542
77$3,978,398$3,256,012$3,064,481$4,139,096
78$4,357,583$3,388,945$3,140,529$4,486,559
79$4,774,607$3,527,554$3,218,287$4,866,893
80$5,233,302$3,672,089$3,297,785$5,283,356
81$5,737,893$3,822,815$3,379,054$5,739,539
82$6,293,031$3,980,007$3,462,126$6,239,393
83$6,903,845$4,143,952$3,547,032$6,787,266
84$7,575,983$4,314,951$3,633,803$7,387,950
85$8,315,669$4,493,319$3,722,471$8,046,719
86$9,129,762$4,679,386$3,813,069$8,769,381
87$10,025,818$4,873,496$3,905,626$9,562,332
88$11,012,163$5,076,010$4,000,177$10,432,616
89$12,097,972$5,287,303$4,096,752$11,387,989
90$13,293,355$5,507,771$4,195,383$12,436,995
91$14,609,451$5,737,825$4,296,102$13,589,044
92$16,058,534$5,977,897$4,398,940$14,854,498
93$17,654,130$6,228,439$4,503,929$16,244,773
94$19,411,141$6,489,923$4,611,101$17,772,442
95$21,345,991$6,762,843$4,720,486$19,451,355
96$23,476,775$7,047,715$4,832,116$21,296,766
97$25,823,434$7,345,081$4,946,020$23,325,482
98$28,407,941$7,655,507$5,062,228$25,556,012
99$31,254,509$7,979,585$5,180,771$28,008,751
100$34,389,820$8,317,935$5,301,678$30,706,163