Can I retire at age 74 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$235,350$233,254$231,209$229,212$227,263$224,516
2 years$116,510$114,340$112,237$110,198$108,220$105,456
3 years$76,902$74,723$72,625$70,605$68,660$65,964
4 years$57,102$54,929$52,852$50,867$48,969$46,362
5 years$45,225$43,065$41,016$39,071$37,225$34,715
6 years$37,309$35,166$33,147$31,245$29,455$27,045
7 years$31,657$29,532$27,545$25,688$23,955$21,645
8 years$27,421$25,315$23,360$21,549$19,873$17,664
9 years$24,127$22,041$20,120$18,355$16,736$14,626
10 years$21,494$19,428$17,541$15,822$14,260$12,248
11 years$19,341$17,296$15,443$13,770$12,264$10,349
12 years$17,548$15,524$13,705$12,078$10,628$8,807
13 years$16,032$14,029$12,245$10,663$9,267$7,538
14 years$14,733$12,752$11,002$9,466$8,124$6,484
15 years$13,609$11,649$9,933$8,442$7,153$5,600
16 years$12,627$10,688$9,006$7,559$6,322$4,853
17 years$11,760$9,843$8,195$6,791$5,605$4,218
18 years$10,991$9,095$7,481$6,120$4,984$3,675
19 years$10,304$8,429$6,849$5,530$4,442$3,208
20 years$9,686$7,833$6,285$5,009$3,968$2,806
21 years$9,128$7,296$5,781$4,546$3,551$2,458
22 years$8,621$6,811$5,328$4,133$3,183$2,157
23 years$8,159$6,370$4,920$3,764$2,857$1,894
24 years$7,736$5,968$4,550$3,433$2,568$1,665
25 years$7,348$5,601$4,214$3,135$2,311$1,465
26 years$6,990$5,264$3,908$2,867$2,082$1,290
27 years$6,659$4,954$3,629$2,624$1,877$1,137
28 years$6,352$4,668$3,374$2,404$1,693$1,003
29 years$6,067$4,404$3,140$2,205$1,529$885
30 years$5,801$4,159$2,925$2,023$1,382$781
31 years$5,553$3,932$2,726$1,858$1,249$690
32 years$5,321$3,720$2,544$1,708$1,130$609
33 years$5,104$3,523$2,375$1,570$1,023$538
34 years$4,900$3,339$2,219$1,445$926$476
35 years$4,708$3,167$2,075$1,330$839$421
36 years$4,526$3,006$1,941$1,225$760$372
37 years$4,356$2,855$1,817$1,129$689$329
38 years$4,194$2,713$1,701$1,040$624$291
39 years$4,041$2,580$1,594$959$566$257
40 years$3,896$2,455$1,494$885$513$228
41 years$3,759$2,337$1,401$816$466$202
42 years$3,628$2,225$1,314$753$423$178
43 years$3,504$2,120$1,233$695$384$158
44 years$3,386$2,021$1,157$642$348$140
45 years$3,274$1,927$1,087$593$316$124
46 years$3,166$1,839$1,021$548$287$110
47 years$3,064$1,755$959$506$261$97
48 years$2,966$1,675$901$468$237$86
49 years$2,872$1,599$847$432$215$76
50 years$2,783$1,528$796$399$195$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,850,000, adding $4,518 every year, while hoping to spend $54,530 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: 62/32/6 Blend
73$2,850,000$2,850,000$2,850,000$2,850,000
74$3,145,360$2,994,310$2,950,135$3,336,727
75$3,408,168$3,083,012$2,990,945$3,553,666
76$3,695,954$3,174,233$3,031,295$3,783,564
77$4,011,209$3,268,038$3,071,111$4,033,069
78$4,356,675$3,364,495$3,110,316$4,304,072
79$4,735,373$3,463,672$3,148,829$4,598,656
80$5,150,629$3,565,640$3,186,563$4,919,112
81$5,606,108$3,670,471$3,223,427$5,267,961
82$6,105,844$3,778,237$3,259,325$5,647,980
83$6,654,282$3,889,012$3,294,154$6,062,223
84$7,256,318$4,002,874$3,327,808$6,514,056
85$7,917,346$4,119,898$3,360,173$7,007,182
86$8,643,307$4,240,164$3,391,131$7,545,680
87$9,440,745$4,363,753$3,420,554$8,134,040
88$10,316,870$4,490,746$3,448,312$8,777,209
89$11,279,625$4,621,227$3,474,265$9,480,632
90$12,337,759$4,755,280$3,498,265$10,250,307
91$13,500,913$4,892,991$3,520,159$11,092,841
92$14,779,707$5,034,448$3,539,785$12,015,508
93$16,185,841$5,179,740$3,556,972$13,026,323
94$17,732,207$5,328,958$3,571,541$14,134,113
95$19,433,008$5,482,192$3,583,303$15,348,602
96$21,303,892$5,639,537$3,592,061$16,680,501
97$23,362,101$5,801,086$3,597,607$18,141,608
98$25,626,631$5,966,935$3,599,723$19,744,921
99$28,118,413$6,137,181$3,598,180$21,504,761
100$30,860,511$6,311,922$3,592,738$23,436,903