Can I retire at age 74 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$228,744$226,706$224,719$222,778$220,884$216,957
2 years$113,240$111,131$109,087$107,105$105,183$101,240
3 years$74,743$72,625$70,586$68,623$66,732$62,896
4 years$55,499$53,387$51,369$49,439$47,594$43,894
5 years$43,955$41,856$39,864$37,974$36,180$32,627
6 years$36,262$34,179$32,216$30,368$28,628$25,226
7 years$30,769$28,703$26,772$24,967$23,282$20,032
8 years$26,651$24,604$22,705$20,944$19,315$16,216
9 years$23,450$21,422$19,556$17,840$16,266$13,317
10 years$20,890$18,883$17,049$15,378$13,859$11,057
11 years$18,798$16,810$15,010$13,384$11,920$9,261
12 years$17,055$15,088$13,321$11,739$10,329$7,810
13 years$15,582$13,635$11,901$10,364$9,007$6,625
14 years$14,320$12,394$10,693$9,200$7,896$5,645
15 years$13,227$11,322$9,655$8,205$6,952$4,829
16 years$12,272$10,388$8,753$7,347$6,144$4,144
17 years$11,430$9,567$7,965$6,601$5,448$3,566
18 years$10,683$8,840$7,271$5,949$4,844$3,076
19 years$10,015$8,193$6,656$5,375$4,318$2,658
20 years$9,414$7,613$6,109$4,868$3,857$2,301
21 years$8,872$7,091$5,619$4,418$3,451$1,994
22 years$8,379$6,620$5,179$4,017$3,093$1,731
23 years$7,930$6,191$4,782$3,659$2,777$1,504
24 years$7,519$5,801$4,422$3,337$2,496$1,308
25 years$7,141$5,444$4,096$3,047$2,246$1,138
26 years$6,794$5,116$3,799$2,786$2,023$991
27 years$6,472$4,815$3,527$2,550$1,824$864
28 years$6,174$4,537$3,279$2,337$1,646$753
29 years$5,897$4,280$3,052$2,143$1,486$657
30 years$5,639$4,042$2,842$1,967$1,343$573
31 years$5,398$3,821$2,650$1,806$1,214$500
32 years$5,172$3,616$2,472$1,660$1,098$437
33 years$4,961$3,424$2,309$1,526$994$381
34 years$4,762$3,245$2,157$1,404$900$333
35 years$4,575$3,078$2,017$1,293$815$291
36 years$4,399$2,922$1,886$1,191$738$254
37 years$4,233$2,775$1,766$1,097$669$222
38 years$4,076$2,637$1,654$1,011$607$194
39 years$3,928$2,508$1,549$932$550$170
40 years$3,787$2,386$1,452$860$499$149
41 years$3,653$2,271$1,362$793$453$130
42 years$3,527$2,163$1,277$732$411$114
43 years$3,406$2,061$1,198$676$373$99
44 years$3,291$1,964$1,125$624$338$87
45 years$3,182$1,873$1,056$576$307$76
46 years$3,077$1,787$992$532$279$66
47 years$2,978$1,705$932$492$253$58
48 years$2,883$1,628$876$455$230$51
49 years$2,792$1,555$823$420$209$44
50 years$2,704$1,485$774$388$190$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,770,000, adding $3,472 every year, while hoping to spend $57,474 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: 24/47/29 Blend
73$2,770,000$2,770,000$2,770,000$2,770,000
74$3,056,121$2,909,311$2,866,376$3,101,552
75$3,306,694$2,990,716$2,901,248$3,222,114
76$3,580,898$3,074,183$2,935,362$3,346,122
77$3,881,085$3,159,752$2,968,631$3,477,789
78$4,209,841$3,247,466$3,000,966$3,617,792
79$4,570,016$3,337,363$3,032,269$3,766,876
80$4,964,748$3,429,484$3,062,441$3,925,861
81$5,397,493$3,523,870$3,091,374$4,095,649
82$5,872,059$3,620,560$3,118,955$4,277,232
83$6,392,636$3,719,595$3,145,068$4,471,705
84$6,963,844$3,821,014$3,169,586$4,680,271
85$7,590,768$3,924,856$3,192,380$4,904,254
86$8,279,012$4,031,159$3,213,310$5,145,115
87$9,034,747$4,139,962$3,232,232$5,404,461
88$9,864,773$4,251,302$3,248,993$5,684,064
89$10,776,578$4,365,214$3,263,433$5,985,873
90$11,778,414$4,481,734$3,275,383$6,312,038
91$12,879,369$4,600,897$3,284,665$6,664,927
92$14,089,459$4,722,734$3,291,095$7,047,149
93$15,419,713$4,847,278$3,294,477$7,461,579
94$16,882,288$4,974,558$3,294,605$7,911,385
95$18,490,572$5,104,603$3,291,266$8,400,057
96$20,259,320$5,237,438$3,284,232$8,931,444
97$22,204,785$5,373,087$3,273,269$9,509,785
98$24,344,876$5,511,571$3,258,127$10,139,754
99$26,699,326$5,652,911$3,238,547$10,826,500
100$29,289,875$5,797,121$3,214,255$11,575,700