Can I retire at age 74 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$240,305$238,165$236,076$234,038$232,047$228,580
2 years$118,963$116,747$114,600$112,518$110,499$107,013
3 years$78,521$76,296$74,154$72,091$70,105$66,709
4 years$58,304$56,085$53,965$51,938$49,999$46,720
5 years$46,177$43,972$41,879$39,893$38,009$34,856
6 years$38,095$35,906$33,845$31,903$30,075$27,052
7 years$32,324$30,154$28,125$26,229$24,459$21,566
8 years$27,998$25,847$23,852$22,003$20,291$17,529
9 years$24,635$22,505$20,544$18,742$17,088$14,454
10 years$21,946$19,837$17,911$16,156$14,560$12,053
11 years$19,748$17,660$15,768$14,060$12,522$10,139
12 years$17,917$15,850$13,994$12,333$10,851$8,590
13 years$16,369$14,324$12,503$10,888$9,463$7,320
14 years$15,044$13,020$11,234$9,665$8,295$6,267
15 years$13,896$11,894$10,142$8,620$7,303$5,386
16 years$12,892$10,913$9,196$7,718$6,455$4,645
17 years$12,008$10,050$8,368$6,934$5,723$4,017
18 years$11,223$9,287$7,639$6,249$5,089$3,482
19 years$10,521$8,607$6,993$5,647$4,536$3,025
20 years$9,890$7,998$6,418$5,114$4,051$2,632
21 years$9,320$7,450$5,903$4,641$3,626$2,294
22 years$8,803$6,954$5,441$4,220$3,250$2,001
23 years$8,331$6,504$5,023$3,843$2,917$1,748
24 years$7,899$6,094$4,646$3,505$2,622$1,529
25 years$7,502$5,719$4,303$3,201$2,359$1,338
26 years$7,137$5,375$3,991$2,927$2,125$1,172
27 years$6,799$5,058$3,706$2,679$1,916$1,027
28 years$6,486$4,766$3,445$2,455$1,729$900
29 years$6,195$4,497$3,206$2,251$1,561$790
30 years$5,924$4,246$2,986$2,066$1,411$693
31 years$5,670$4,014$2,784$1,897$1,275$609
32 years$5,433$3,798$2,597$1,744$1,154$534
33 years$5,211$3,597$2,425$1,604$1,044$469
34 years$5,003$3,409$2,266$1,475$945$413
35 years$4,807$3,234$2,119$1,358$856$363
36 years$4,622$3,069$1,982$1,251$776$319
37 years$4,447$2,915$1,855$1,152$703$280
38 years$4,282$2,770$1,737$1,062$637$246
39 years$4,126$2,634$1,627$979$578$217
40 years$3,978$2,506$1,525$903$524$191
41 years$3,838$2,386$1,430$834$476$168
42 years$3,705$2,272$1,342$769$432$147
43 years$3,578$2,165$1,259$710$392$130
44 years$3,457$2,064$1,182$656$356$114
45 years$3,343$1,968$1,110$606$323$100
46 years$3,233$1,877$1,042$559$293$88
47 years$3,128$1,791$979$517$266$78
48 years$3,028$1,710$920$477$242$68
49 years$2,933$1,633$865$441$219$60
50 years$2,841$1,560$813$408$199$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $2,910,000, adding $5,230 every year, while hoping to spend $44,778 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: 30/40/30 Blend
73$2,910,000$2,910,000$2,910,000$2,910,000
74$3,212,215$3,057,985$3,012,880$3,278,907
75$3,492,217$3,160,183$3,066,168$3,434,075
76$3,799,279$3,265,887$3,119,740$3,596,644
77$4,136,113$3,375,224$3,173,559$3,770,659
78$4,505,708$3,488,320$3,227,584$3,957,149
79$4,911,354$3,605,312$3,281,772$4,157,246
80$5,356,677$3,726,337$3,336,077$4,372,191
81$5,845,670$3,851,540$3,390,447$4,603,351
82$6,382,733$3,981,070$3,444,832$4,852,225
83$6,972,712$4,115,082$3,499,174$5,120,465
84$7,620,945$4,253,738$3,553,413$5,409,883
85$8,333,314$4,397,204$3,607,485$5,722,475
86$9,116,298$4,545,653$3,661,322$6,060,435
87$9,977,036$4,699,265$3,714,851$6,426,174
88$10,923,391$4,858,227$3,767,996$6,822,348
89$11,964,029$5,022,732$3,820,676$7,251,878
90$13,108,495$5,192,980$3,872,804$7,717,977
91$14,367,307$5,369,182$3,924,288$8,224,180
92$15,752,052$5,551,552$3,975,031$8,774,381
93$17,275,499$5,740,315$4,024,933$9,372,863
94$18,951,715$5,935,706$4,073,883$10,024,341
95$20,796,199$6,137,965$4,121,767$10,734,005
96$22,826,030$6,347,344$4,168,465$11,507,569
97$25,060,025$6,564,104$4,213,849$12,351,325
98$27,518,919$6,788,516$4,257,784$13,272,200
99$30,225,557$7,020,861$4,300,128$14,277,820
100$33,205,113$7,261,433$4,340,731$15,376,584