Can I retire at age 74 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$338,574$335,558$332,616$329,744$326,940$315,465
2 years$167,611$164,489$161,464$158,531$155,686$144,246
3 years$110,631$107,496$104,478$101,572$98,773$87,727
4 years$82,146$79,021$76,033$73,177$70,446$59,879
5 years$65,060$61,953$59,005$56,207$53,552$43,491
6 years$53,673$50,589$47,685$44,949$42,374$32,827
7 years$45,542$42,485$39,626$36,955$34,461$25,426
8 years$39,447$36,417$33,606$31,001$28,589$20,059
9 years$34,709$31,708$28,945$26,406$24,076$16,039
10 years$30,921$27,949$25,235$22,762$20,514$12,957
11 years$27,823$24,881$22,216$19,810$17,643$10,551
12 years$25,244$22,332$19,716$17,376$15,289$8,645
13 years$23,063$20,182$17,615$15,340$13,332$7,119
14 years$21,195$18,345$15,827$13,617$11,687$5,886
15 years$19,578$16,758$14,290$12,144$10,290$4,882
16 years$18,165$15,375$12,956$10,874$9,094$4,060
17 years$16,918$14,160$11,790$9,770$8,064$3,383
18 years$15,812$13,085$10,762$8,805$7,170$2,825
19 years$14,823$12,127$9,852$7,956$6,391$2,362
20 years$13,935$11,269$9,042$7,206$5,708$1,977
21 years$13,132$10,496$8,317$6,540$5,108$1,657
22 years$12,402$9,798$7,665$5,946$4,579$1,390
23 years$11,738$9,164$7,078$5,415$4,110$1,167
24 years$11,129$8,586$6,546$4,939$3,694$980
25 years$10,570$8,057$6,062$4,510$3,324$823
26 years$10,055$7,573$5,623$4,124$2,994$692
27 years$9,579$7,127$5,221$3,775$2,700$582
28 years$9,138$6,716$4,854$3,459$2,436$490
29 years$8,728$6,335$4,517$3,172$2,200$412
30 years$8,346$5,983$4,207$2,911$1,988$347
31 years$7,989$5,656$3,922$2,673$1,797$292
32 years$7,655$5,352$3,660$2,457$1,625$246
33 years$7,342$5,068$3,417$2,259$1,471$207
34 years$7,049$4,803$3,193$2,079$1,332$174
35 years$6,772$4,556$2,985$1,914$1,206$147
36 years$6,512$4,324$2,792$1,762$1,093$123
37 years$6,266$4,107$2,614$1,624$991$104
38 years$6,034$3,903$2,447$1,497$898$88
39 years$5,814$3,712$2,293$1,380$814$74
40 years$5,605$3,531$2,149$1,273$739$62
41 years$5,408$3,361$2,015$1,174$670$52
42 years$5,220$3,201$1,890$1,084$608$44
43 years$5,041$3,050$1,774$1,000$552$37
44 years$4,871$2,907$1,665$924$501$31
45 years$4,709$2,773$1,563$853$455$26
46 years$4,555$2,645$1,468$788$413$22
47 years$4,408$2,524$1,380$728$375$19
48 years$4,267$2,410$1,296$673$341$16
49 years$4,132$2,301$1,219$622$309$13
50 years$4,003$2,198$1,146$575$281$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,100,000, adding $6,335 every year, while hoping to spend $42,419 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: 49/27/24 Blend
73$4,100,000$4,100,000$4,100,000$4,100,000
74$4,524,735$4,307,435$4,243,885$4,715,448
75$4,941,124$4,473,365$4,340,921$5,015,037
76$5,398,563$4,646,005$4,439,787$5,335,566
77$5,901,195$4,825,638$4,540,498$5,682,939
78$6,453,583$5,012,560$4,643,070$6,059,709
79$7,060,754$5,207,080$4,747,519$6,468,682
80$7,728,246$5,409,523$4,853,856$6,912,943
81$8,462,163$5,620,225$4,962,096$7,395,887
82$9,269,227$5,839,539$5,072,249$7,921,246
83$10,156,845$6,067,834$5,184,327$8,493,127
84$11,133,177$6,305,492$5,298,336$9,116,048
85$12,207,217$6,552,916$5,414,286$9,794,980
86$13,388,869$6,810,526$5,532,181$10,535,392
87$14,689,051$7,078,759$5,652,026$11,343,305
88$16,119,788$7,358,072$5,773,823$12,225,342
89$17,694,333$7,648,944$5,897,572$13,188,794
90$19,427,287$7,951,874$6,023,272$14,241,689
91$21,334,738$8,267,383$6,150,920$15,392,859
92$23,434,414$8,596,018$6,280,508$16,652,031
93$25,745,848$8,938,347$6,412,029$18,029,911
94$28,290,564$9,294,965$6,545,472$19,538,287
95$31,092,278$9,666,495$6,680,822$21,190,140
96$34,177,123$10,053,586$6,818,062$22,999,760
97$37,573,896$10,456,918$6,957,173$24,982,884
98$41,314,326$10,877,200$7,098,132$27,156,843
99$45,433,380$11,315,175$7,240,911$29,540,718
100$49,969,584$11,771,618$7,385,481$32,155,528