Can I retire at age 74 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$255,995$253,715$251,490$249,319$247,198$244,413
2 years$126,730$124,370$122,083$119,865$117,714$114,910
3 years$83,648$81,277$78,996$76,799$74,682$71,947
4 years$62,110$59,747$57,489$55,329$53,264$50,618
5 years$49,192$46,843$44,613$42,498$40,490$37,942
6 years$40,582$38,251$36,054$33,986$32,039$29,590
7 years$34,434$32,123$29,961$27,942$26,056$23,709
8 years$29,826$27,535$25,410$23,440$21,616$19,370
9 years$26,243$23,974$21,885$19,965$18,204$16,058
10 years$23,379$21,132$19,080$17,210$15,511$13,464
11 years$21,037$18,813$16,798$14,978$13,340$11,390
12 years$19,087$16,885$14,908$13,138$11,560$9,705
13 years$17,438$15,259$13,319$11,599$10,080$8,318
14 years$16,026$13,870$11,967$10,296$8,836$7,164
15 years$14,803$12,671$10,805$9,182$7,780$6,196
16 years$13,734$11,625$9,796$8,222$6,876$5,377
17 years$12,792$10,706$8,914$7,387$6,097$4,680
18 years$11,956$9,893$8,137$6,657$5,421$4,083
19 years$11,208$9,169$7,449$6,015$4,832$3,570
20 years$10,536$8,520$6,837$5,448$4,316$3,127
21 years$9,929$7,936$6,288$4,945$3,862$2,744
22 years$9,377$7,408$5,796$4,496$3,462$2,410
23 years$8,875$6,929$5,351$4,094$3,108$2,120
24 years$8,415$6,492$4,949$3,734$2,793$1,867
25 years$7,992$6,092$4,584$3,410$2,514$1,645
26 years$7,603$5,726$4,251$3,118$2,264$1,451
27 years$7,243$5,389$3,948$2,854$2,041$1,281
28 years$6,909$5,078$3,670$2,615$1,842$1,131
29 years$6,599$4,790$3,415$2,398$1,663$1,000
30 years$6,310$4,524$3,181$2,201$1,503$884
31 years$6,041$4,276$2,966$2,021$1,359$782
32 years$5,788$4,046$2,767$1,858$1,229$692
33 years$5,552$3,832$2,584$1,708$1,112$612
34 years$5,329$3,632$2,414$1,572$1,007$542
35 years$5,120$3,445$2,257$1,447$912$480
36 years$4,924$3,270$2,111$1,333$826$425
37 years$4,738$3,105$1,976$1,228$749$377
38 years$4,562$2,951$1,850$1,132$679$334
39 years$4,396$2,806$1,734$1,043$616$296
40 years$4,238$2,670$1,625$962$559$262
41 years$4,089$2,542$1,524$888$507$232
42 years$3,947$2,420$1,429$819$460$206
43 years$3,812$2,306$1,341$756$417$183
44 years$3,683$2,198$1,259$698$379$162
45 years$3,561$2,096$1,182$645$344$144
46 years$3,444$2,000$1,110$596$312$127
47 years$3,333$1,908$1,043$550$283$113
48 years$3,226$1,822$980$509$257$100
49 years$3,124$1,740$921$470$234$89
50 years$3,027$1,662$866$435$212$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $3,100,000, adding $6,586 every year, while hoping to spend $52,556 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: 82/12/6 Blend
73$3,100,000$3,100,000$3,100,000$3,100,000
74$3,422,993$3,258,693$3,210,643$3,701,828
75$3,716,220$3,362,450$3,262,281$3,988,802
76$4,037,593$3,469,530$3,313,887$4,296,049
77$4,389,930$3,580,039$3,365,404$4,631,707
78$4,776,331$3,694,089$3,416,774$4,998,588
79$5,200,212$3,811,795$3,467,931$5,399,789
80$5,665,335$3,933,274$3,518,807$5,838,722
81$6,175,843$4,058,648$3,569,331$6,319,141
82$6,736,301$4,188,044$3,619,426$6,845,182
83$7,351,738$4,321,592$3,669,011$7,421,401
84$8,027,691$4,459,426$3,717,999$8,052,815
85$8,770,264$4,601,686$3,766,299$8,744,949
86$9,586,176$4,748,514$3,813,816$9,503,889
87$10,482,834$4,900,059$3,860,447$10,336,340
88$11,468,396$5,056,475$3,906,085$11,249,687
89$12,551,849$5,217,918$3,950,615$12,252,063
90$13,743,094$5,384,553$3,993,917$13,352,430
91$15,053,042$5,556,549$4,035,866$14,560,660
92$16,493,712$5,734,079$4,076,326$15,887,628
93$18,078,345$5,917,323$4,115,158$17,345,314
94$19,821,532$6,106,469$4,152,212$18,946,917
95$21,739,350$6,301,707$4,187,332$20,706,979
96$23,849,509$6,503,236$4,220,354$22,641,519
97$26,171,526$6,711,262$4,251,103$24,768,189
98$28,726,904$6,925,996$4,279,397$27,106,435
99$31,539,336$7,147,657$4,305,044$29,677,683
100$34,634,928$7,376,472$4,327,843$32,505,540