Can I retire at age 74 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$404,637$401,033$397,517$394,084$390,733$388,759
2 years$200,316$196,585$192,969$189,464$186,063$184,072
3 years$132,217$128,470$124,864$121,391$118,046$116,098
4 years$98,175$94,439$90,869$87,456$84,192$82,302
5 years$77,754$74,042$70,518$67,174$64,001$62,175
6 years$64,145$60,461$56,989$53,720$50,642$48,883
7 years$54,429$50,775$47,358$44,166$41,185$39,493
8 years$47,144$43,523$40,163$37,050$34,167$32,543
9 years$41,482$37,895$34,593$31,558$28,774$27,216
10 years$36,954$33,402$30,159$27,203$24,517$23,025
11 years$33,252$29,736$26,551$23,675$21,085$19,659
12 years$30,170$26,690$23,564$20,766$18,272$16,910
13 years$27,563$24,120$21,053$18,334$15,934$14,635
14 years$25,331$21,924$18,916$16,274$13,967$12,730
15 years$23,398$20,028$17,078$14,514$12,298$11,120
16 years$21,709$18,375$15,484$12,996$10,869$9,749
17 years$20,220$16,923$14,090$11,676$9,637$8,574
18 years$18,897$15,638$12,862$10,523$8,569$7,560
19 years$17,716$14,493$11,775$9,508$7,638$6,682
20 years$16,654$13,467$10,806$8,612$6,822$5,918
21 years$15,694$12,544$9,940$7,816$6,105$5,250
22 years$14,822$11,710$9,161$7,106$5,472$4,664
23 years$14,028$10,952$8,459$6,472$4,912$4,150
24 years$13,301$10,261$7,823$5,903$4,415$3,696
25 years$12,633$9,630$7,245$5,391$3,973$3,296
26 years$12,017$9,050$6,720$4,929$3,579$2,941
27 years$11,448$8,517$6,240$4,512$3,227$2,627
28 years$10,921$8,026$5,801$4,134$2,911$2,348
29 years$10,431$7,571$5,398$3,791$2,629$2,100
30 years$9,974$7,150$5,028$3,479$2,375$1,880
31 years$9,548$6,760$4,688$3,195$2,148$1,683
32 years$9,149$6,396$4,374$2,936$1,943$1,508
33 years$8,775$6,057$4,084$2,700$1,758$1,351
34 years$8,424$5,741$3,816$2,484$1,592$1,211
35 years$8,094$5,445$3,567$2,287$1,442$1,086
36 years$7,782$5,168$3,337$2,106$1,306$974
37 years$7,489$4,908$3,123$1,941$1,184$874
38 years$7,211$4,665$2,925$1,789$1,073$785
39 years$6,948$4,436$2,740$1,649$973$704
40 years$6,699$4,220$2,569$1,521$883$632
41 years$6,463$4,017$2,408$1,404$801$568
42 years$6,238$3,826$2,259$1,295$727$510
43 years$6,025$3,645$2,120$1,196$660$458
44 years$5,822$3,475$1,990$1,104$599$412
45 years$5,628$3,314$1,869$1,020$544$370
46 years$5,444$3,161$1,755$942$493$332
47 years$5,268$3,017$1,649$870$448$298
48 years$5,099$2,880$1,549$804$407$268
49 years$4,938$2,750$1,456$743$370$241
50 years$4,784$2,627$1,369$687$336$217

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $4,900,000, adding $5,237 every year, while hoping to spend $20,653 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: 48/26/26 Blend
73$4,900,000$4,900,000$4,900,000$4,900,000
74$5,405,202$5,145,502$5,069,552$5,624,379
75$5,934,558$5,375,657$5,217,407$6,008,817
76$6,517,216$5,616,397$5,369,524$6,423,603
77$7,158,591$5,868,220$5,526,022$6,873,650
78$7,864,650$6,131,645$5,687,026$7,362,289
79$8,641,967$6,407,219$5,852,665$7,893,181
80$9,497,787$6,695,512$6,023,068$8,470,349
81$10,440,093$6,997,123$6,198,372$9,098,215
82$11,477,680$7,312,679$6,378,715$9,781,640
83$12,620,240$7,642,838$6,564,239$10,525,969
84$13,878,455$7,988,287$6,755,091$11,337,079
85$15,264,092$8,349,748$6,951,422$12,221,431
86$16,790,121$8,727,977$7,153,385$13,186,133
87$18,470,830$9,123,765$7,361,141$14,239,003
88$20,321,968$9,537,943$7,574,853$15,388,641
89$22,360,886$9,971,380$7,794,687$16,644,507
90$24,606,705$10,424,986$8,020,818$18,017,011
91$27,080,496$10,899,717$8,253,422$19,517,606
92$29,805,476$11,396,572$8,492,681$21,158,895
93$32,807,231$11,916,601$8,738,783$22,954,749
94$36,113,956$12,460,902$8,991,919$24,920,432
95$39,756,719$13,030,625$9,252,288$27,072,746
96$43,769,756$13,626,978$9,520,091$29,430,184
97$48,190,796$14,251,224$9,795,539$32,013,103
98$53,061,412$14,904,689$10,078,845$34,843,913
99$58,427,418$15,588,761$10,370,228$37,947,287
100$64,339,300$16,304,896$10,669,916$41,350,386