Can I retire at age 74 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$429,411$425,586$421,854$418,212$414,655$411,869
2 years$212,580$208,621$204,784$201,063$197,455$194,645
3 years$140,312$136,336$132,509$128,823$125,274$122,527
4 years$104,185$100,221$96,432$92,810$89,346$86,684
5 years$82,515$78,575$74,835$71,287$67,919$65,350
6 years$68,073$64,162$60,478$57,009$53,742$51,268
7 years$57,761$53,883$50,258$46,870$43,707$41,329
8 years$50,031$46,188$42,622$39,318$36,259$33,978
9 years$44,021$40,215$36,711$33,490$30,535$28,351
10 years$39,217$35,447$32,005$28,869$26,018$23,928
11 years$35,288$31,557$28,177$25,125$22,376$20,380
12 years$32,017$28,324$25,006$22,038$19,391$17,486
13 years$29,251$25,596$22,341$19,456$16,909$15,094
14 years$26,882$23,266$20,074$17,271$14,822$13,095
15 years$24,831$21,254$18,124$15,403$13,051$11,409
16 years$23,038$19,500$16,432$13,791$11,534$9,976
17 years$21,458$17,959$14,953$12,391$10,227$8,749
18 years$20,054$16,595$13,650$11,167$9,093$7,693
19 years$18,800$15,380$12,496$10,090$8,105$6,780
20 years$17,673$14,292$11,468$9,139$7,240$5,987
21 years$16,655$13,312$10,548$8,294$6,479$5,296
22 years$15,730$12,427$9,722$7,541$5,807$4,691
23 years$14,887$11,622$8,976$6,868$5,213$4,161
24 years$14,115$10,889$8,302$6,264$4,686$3,695
25 years$13,406$10,219$7,689$5,721$4,216$3,285
26 years$12,753$9,604$7,131$5,231$3,798$2,922
27 years$12,149$9,039$6,622$4,788$3,424$2,602
28 years$11,590$8,517$6,156$4,387$3,090$2,318
29 years$11,070$8,035$5,729$4,023$2,790$2,067
30 years$10,585$7,588$5,336$3,692$2,521$1,844
31 years$10,133$7,173$4,975$3,391$2,279$1,646
32 years$9,709$6,787$4,641$3,116$2,062$1,469
33 years$9,312$6,428$4,334$2,865$1,866$1,312
34 years$8,940$6,092$4,049$2,636$1,689$1,173
35 years$8,589$5,778$3,786$2,427$1,530$1,048
36 years$8,259$5,484$3,541$2,235$1,386$937
37 years$7,947$5,209$3,315$2,059$1,256$838
38 years$7,652$4,950$3,104$1,898$1,139$749
39 years$7,373$4,707$2,908$1,750$1,033$670
40 years$7,109$4,479$2,726$1,614$937$600
41 years$6,859$4,263$2,556$1,489$850$537
42 years$6,620$4,060$2,398$1,375$771$480
43 years$6,394$3,869$2,250$1,269$700$430
44 years$6,178$3,688$2,112$1,172$635$385
45 years$5,973$3,516$1,983$1,082$577$345
46 years$5,777$3,354$1,862$999$524$309
47 years$5,590$3,201$1,750$923$476$276
48 years$5,411$3,056$1,644$853$432$248
49 years$5,241$2,918$1,545$789$392$222
50 years$5,077$2,788$1,453$729$356$199

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,200,000, adding $3,952 every year, while hoping to spend $32,610 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: 46/33/21 Blend
73$5,200,000$5,200,000$5,200,000$5,200,000
74$5,734,476$5,458,876$5,378,276$5,963,608
75$6,284,696$5,691,665$5,523,752$6,357,402
76$6,889,946$5,934,766$5,673,008$6,780,840
77$7,555,803$6,188,653$5,826,137$7,239,578
78$8,288,415$6,453,817$5,983,232$7,736,922
79$9,094,554$6,730,774$6,144,391$8,276,506
80$9,981,681$7,020,066$6,309,711$8,862,319
81$10,958,020$7,322,256$6,479,293$9,498,749
82$12,032,628$7,637,937$6,653,240$10,190,613
83$13,215,489$7,967,728$6,831,656$10,943,211
84$14,517,600$8,312,278$7,014,648$11,762,364
85$15,951,082$8,672,267$7,202,326$12,654,476
86$17,529,289$9,048,404$7,394,800$13,626,586
87$19,266,936$9,441,435$7,592,185$14,686,437
88$21,180,237$9,852,139$7,794,597$15,842,542
89$23,287,059$10,281,332$8,002,154$17,104,268
90$25,607,089$10,729,868$8,214,977$18,481,916
91$28,162,023$11,198,641$8,433,189$19,986,820
92$30,975,764$11,688,590$8,656,915$21,631,449
93$34,074,655$12,200,694$8,886,285$23,429,526
94$37,487,723$12,735,981$9,121,429$25,396,147
95$41,246,954$13,295,528$9,362,480$27,547,929
96$45,387,594$13,880,459$9,609,574$29,903,158
97$49,948,483$14,491,956$9,862,849$32,481,963
98$54,972,421$15,131,254$10,122,447$35,306,496
99$60,506,569$15,799,647$10,388,510$38,401,146
100$66,602,900$16,498,491$10,661,186$41,792,758