Can I retire at age 74 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$437,669$433,771$429,967$426,254$422,629$420,849
2 years$216,668$212,633$208,722$204,930$201,252$199,454
3 years$143,010$138,958$135,057$131,301$127,683$125,923
4 years$106,189$102,149$98,287$94,595$91,064$89,357
5 years$84,102$80,086$76,275$72,658$69,226$67,576
6 years$69,382$65,396$61,641$58,105$54,776$53,185
7 years$58,872$54,920$51,224$47,771$44,547$43,017
8 years$50,993$47,076$43,442$40,074$36,956$35,486
9 years$44,868$40,988$37,417$34,134$31,123$29,713
10 years$39,971$36,129$32,621$29,424$26,518$25,167
11 years$35,967$32,164$28,719$25,608$22,806$21,514
12 years$32,632$28,868$25,487$22,461$19,764$18,529
13 years$29,813$26,089$22,771$19,830$17,234$16,056
14 years$27,399$23,714$20,460$17,603$15,107$13,984
15 years$25,308$21,663$18,473$15,699$13,302$12,232
16 years$23,481$19,875$16,748$14,057$11,756$10,739
17 years$21,870$18,304$15,240$12,630$10,424$9,457
18 years$20,440$16,914$13,912$11,382$9,268$8,351
19 years$19,162$15,676$12,736$10,285$8,261$7,391
20 years$18,013$14,567$11,688$9,315$7,379$6,555
21 years$16,975$13,568$10,751$8,454$6,603$5,824
22 years$16,032$12,666$9,909$7,686$5,919$5,182
23 years$15,173$11,846$9,149$7,000$5,313$4,617
24 years$14,387$11,099$8,461$6,384$4,776$4,119
25 years$13,664$10,416$7,837$5,831$4,297$3,678
26 years$12,998$9,789$7,268$5,331$3,871$3,288
27 years$12,383$9,213$6,749$4,880$3,490$2,941
28 years$11,813$8,681$6,274$4,471$3,149$2,633
29 years$11,282$8,190$5,839$4,100$2,843$2,359
30 years$10,789$7,734$5,439$3,763$2,569$2,115
31 years$10,327$7,311$5,070$3,456$2,323$1,896
32 years$9,896$6,918$4,731$3,176$2,101$1,702
33 years$9,492$6,551$4,417$2,921$1,902$1,527
34 years$9,112$6,209$4,127$2,687$1,722$1,372
35 years$8,754$5,889$3,858$2,474$1,559$1,232
36 years$8,418$5,590$3,610$2,278$1,413$1,107
37 years$8,100$5,309$3,378$2,099$1,281$995
38 years$7,800$5,046$3,164$1,935$1,161$894
39 years$7,515$4,798$2,964$1,784$1,053$804
40 years$7,246$4,565$2,778$1,645$955$723
41 years$6,990$4,345$2,605$1,518$866$651
42 years$6,748$4,138$2,444$1,401$786$585
43 years$6,517$3,943$2,293$1,293$713$527
44 years$6,297$3,758$2,152$1,194$648$474
45 years$6,088$3,584$2,021$1,103$588$427
46 years$5,888$3,419$1,898$1,019$534$384
47 years$5,698$3,263$1,783$941$485$346
48 years$5,515$3,115$1,676$870$440$311
49 years$5,341$2,974$1,575$804$400$280
50 years$5,175$2,841$1,481$743$363$252

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,300,000, adding $5,000 every year, while hoping to spend $32,422 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: 35/48/17 Blend
73$5,300,000$5,300,000$5,300,000$5,300,000
74$5,845,758$5,564,858$5,482,708$6,019,675
75$6,407,528$5,803,039$5,631,881$6,385,062
76$7,025,512$6,051,804$5,784,966$6,775,644
77$7,705,410$6,311,638$5,942,058$7,196,386
78$8,453,502$6,583,048$6,103,257$7,649,981
79$9,276,706$6,866,564$6,268,663$8,139,386
80$10,182,647$7,162,743$6,438,380$8,667,837
81$11,179,725$7,472,165$6,612,513$9,238,887
82$12,277,195$7,795,440$6,791,171$9,856,431
83$13,485,258$8,133,206$6,974,464$10,524,744
84$14,815,151$8,486,129$7,162,505$11,248,516
85$16,279,256$8,854,909$7,355,409$12,032,895
86$17,891,218$9,240,277$7,553,293$12,883,533
87$19,666,071$9,643,000$7,756,277$13,806,635
88$21,620,383$10,063,880$7,964,486$14,809,018
89$23,772,409$10,503,757$8,178,042$15,898,168
90$26,142,264$10,963,510$8,397,076$17,082,308
91$28,752,113$11,444,061$8,621,717$18,370,474
92$31,626,383$11,946,374$8,852,098$19,772,597
93$34,791,987$12,471,459$9,088,356$21,299,591
94$38,278,583$13,020,374$9,330,630$22,963,450
95$42,118,854$13,594,227$9,579,061$24,777,364
96$46,348,811$14,194,179$9,833,794$26,755,833
97$51,008,140$14,821,444$10,094,977$28,914,801
98$56,140,571$15,477,295$10,362,759$31,271,801
99$61,794,292$16,163,065$10,637,294$33,846,118
100$68,022,405$16,880,151$10,918,738$36,658,965