Can I retire at age 74 with 2,820,000?

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 $2,820,000?

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$232,873$230,799$228,775$226,800$224,871$220,873
2 years$115,284$113,137$111,056$109,038$107,081$103,067
3 years$76,092$73,936$71,860$69,862$67,937$64,031
4 years$56,501$54,351$52,296$50,332$48,453$44,687
5 years$44,748$42,612$40,584$38,659$36,833$33,216
6 years$36,916$34,796$32,798$30,916$29,145$25,682
7 years$31,324$29,221$27,255$25,418$23,703$20,394
8 years$27,132$25,048$23,114$21,323$19,664$16,509
9 years$23,873$21,809$19,909$18,162$16,560$13,557
10 years$21,267$19,223$17,357$15,656$14,110$11,256
11 years$19,137$17,113$15,281$13,625$12,135$9,428
12 years$17,363$15,360$13,561$11,951$10,516$7,951
13 years$15,863$13,881$12,116$10,551$9,170$6,744
14 years$14,578$12,618$10,886$9,366$8,038$5,747
15 years$13,466$11,526$9,829$8,353$7,078$4,916
16 years$12,494$10,575$8,911$7,479$6,255$4,219
17 years$11,637$9,739$8,109$6,720$5,546$3,630
18 years$10,876$9,000$7,402$6,056$4,931$3,131
19 years$10,196$8,341$6,777$5,472$4,396$2,706
20 years$9,584$7,751$6,219$4,956$3,926$2,342
21 years$9,032$7,219$5,720$4,498$3,513$2,030
22 years$8,530$6,739$5,272$4,090$3,149$1,762
23 years$8,073$6,303$4,868$3,725$2,827$1,531
24 years$7,655$5,905$4,502$3,397$2,541$1,331
25 years$7,270$5,542$4,170$3,102$2,287$1,159
26 years$6,916$5,209$3,867$2,837$2,060$1,009
27 years$6,589$4,902$3,591$2,596$1,857$879
28 years$6,285$4,619$3,338$2,379$1,676$767
29 years$6,003$4,357$3,107$2,181$1,513$669
30 years$5,740$4,115$2,894$2,002$1,367$584
31 years$5,495$3,890$2,698$1,839$1,236$509
32 years$5,265$3,681$2,517$1,690$1,118$445
33 years$5,050$3,486$2,350$1,554$1,012$388
34 years$4,848$3,304$2,196$1,430$916$339
35 years$4,658$3,134$2,053$1,316$830$296
36 years$4,479$2,974$1,921$1,212$752$259
37 years$4,310$2,825$1,798$1,117$681$226
38 years$4,150$2,685$1,683$1,029$618$198
39 years$3,999$2,553$1,577$949$560$173
40 years$3,855$2,429$1,478$875$508$151
41 years$3,719$2,312$1,386$808$461$132
42 years$3,590$2,202$1,300$745$418$116
43 years$3,467$2,098$1,220$688$380$101
44 years$3,351$2,000$1,145$635$345$88
45 years$3,239$1,907$1,075$587$313$77
46 years$3,133$1,819$1,010$542$284$68
47 years$3,032$1,736$949$501$258$59
48 years$2,935$1,657$892$463$234$52
49 years$2,842$1,583$838$428$213$45
50 years$2,753$1,512$788$395$193$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,820,000, adding $5,109 every year, while hoping to spend $46,512 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: 53/23/24 Blend
73$2,820,000$2,820,000$2,820,000$2,820,000
74$3,112,910$2,963,450$2,919,740$3,256,943
75$3,380,938$3,059,171$2,968,063$3,452,586
76$3,674,747$3,158,023$3,016,446$3,660,153
77$3,996,916$3,260,110$3,064,841$3,885,072
78$4,350,287$3,365,542$3,113,200$4,129,016
79$4,737,992$3,474,429$3,161,467$4,393,828
80$5,163,477$3,586,886$3,209,586$4,681,534
81$5,630,542$3,703,034$3,257,498$4,994,368
82$6,143,369$3,822,995$3,305,136$5,334,788
83$6,706,569$3,946,897$3,352,434$5,705,497
84$7,325,216$4,074,872$3,399,318$6,109,477
85$8,004,905$4,207,058$3,445,712$6,550,007
86$8,751,796$4,343,595$3,491,534$7,030,701
87$9,572,678$4,484,629$3,536,699$7,555,536
88$10,475,028$4,630,313$3,581,115$8,128,894
89$11,467,084$4,780,802$3,624,686$8,755,601
90$12,557,924$4,936,258$3,667,310$9,440,973
91$13,757,547$5,096,849$3,708,880$10,190,864
92$15,076,971$5,262,749$3,749,282$11,011,723
93$16,528,335$5,434,137$3,788,396$11,910,653
94$18,125,015$5,611,199$3,826,096$12,895,480
95$19,881,745$5,794,127$3,862,249$13,974,825
96$21,814,763$5,983,119$3,896,714$15,158,183
97$23,941,959$6,178,382$3,929,344$16,456,017
98$26,283,045$6,380,128$3,959,983$17,879,853
99$28,859,740$6,588,579$3,988,467$19,442,389
100$31,695,976$6,803,963$4,014,624$21,157,615