Can I retire at age 74 with 5,400,000?

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 $5,400,000?

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$445,927$441,955$438,080$434,297$430,604$428,429
2 years$220,756$216,645$212,660$208,797$205,049$202,855
3 years$145,709$141,580$137,605$133,778$130,092$127,945
4 years$108,192$104,076$100,141$96,380$92,783$90,700
5 years$85,689$81,597$77,714$74,029$70,532$68,520
6 years$70,691$66,630$62,804$59,201$55,809$53,871
7 years$59,983$55,956$52,191$48,673$45,388$43,523
8 years$51,955$47,964$44,262$40,830$37,654$35,863
9 years$45,714$41,762$38,123$34,778$31,710$29,993
10 years$40,725$36,811$33,236$29,979$27,018$25,375
11 years$36,645$32,771$29,261$26,091$23,237$21,665
12 years$33,248$29,413$25,968$22,885$20,136$18,636
13 years$30,376$26,581$23,201$20,204$17,559$16,128
14 years$27,916$24,161$20,846$17,935$15,392$14,029
15 years$25,786$22,072$18,821$15,995$13,553$12,255
16 years$23,924$20,250$17,064$14,322$11,978$10,744
17 years$22,283$18,650$15,528$12,868$10,620$9,449
18 years$20,826$17,233$14,175$11,597$9,443$8,332
19 years$19,523$15,972$12,976$10,479$8,417$7,364
20 years$18,353$14,842$11,909$9,490$7,518$6,521
21 years$17,295$13,824$10,954$8,613$6,728$5,785
22 years$16,335$12,905$10,096$7,831$6,031$5,140
23 years$15,459$12,069$9,322$7,132$5,413$4,573
24 years$14,658$11,308$8,621$6,505$4,866$4,074
25 years$13,922$10,612$7,985$5,941$4,378$3,632
26 years$13,244$9,974$7,405$5,432$3,944$3,242
27 years$12,617$9,386$6,877$4,972$3,556$2,895
28 years$12,035$8,845$6,393$4,555$3,208$2,588
29 years$11,495$8,344$5,949$4,177$2,897$2,315
30 years$10,992$7,880$5,541$3,834$2,618$2,072
31 years$10,522$7,449$5,166$3,521$2,367$1,855
32 years$10,083$7,049$4,820$3,236$2,141$1,662
33 years$9,671$6,675$4,500$2,976$1,937$1,489
34 years$9,284$6,326$4,205$2,738$1,754$1,335
35 years$8,920$6,001$3,931$2,520$1,589$1,197
36 years$8,576$5,695$3,678$2,321$1,440$1,074
37 years$8,253$5,409$3,442$2,139$1,305$964
38 years$7,947$5,141$3,223$1,971$1,183$865
39 years$7,657$4,888$3,020$1,818$1,073$776
40 years$7,383$4,651$2,831$1,676$973$697
41 years$7,122$4,427$2,654$1,547$883$626
42 years$6,875$4,216$2,490$1,427$801$562
43 years$6,640$4,017$2,336$1,318$727$505
44 years$6,416$3,829$2,193$1,217$660$453
45 years$6,203$3,652$2,059$1,124$599$407
46 years$5,999$3,484$1,934$1,038$544$366
47 years$5,805$3,324$1,817$959$494$329
48 years$5,619$3,174$1,707$886$448$296
49 years$5,442$3,031$1,605$819$407$266
50 years$5,272$2,895$1,509$757$370$239

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,400,000, adding $3,049 every year, while hoping to spend $53,140 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: 27/44/29 Blend
73$5,400,000$5,400,000$5,400,000$5,400,000
74$5,953,945$5,667,745$5,584,045$6,060,978
75$6,504,707$5,888,924$5,714,570$6,369,570
76$7,109,865$6,119,160$5,847,687$6,695,898
77$7,774,913$6,358,840$5,983,425$7,045,194
78$8,505,900$6,608,369$6,121,816$7,419,454
79$9,309,494$6,868,171$6,262,889$7,820,866
80$10,193,038$7,138,687$6,406,671$8,251,827
81$11,164,623$7,420,378$6,553,190$8,714,966
82$12,233,165$7,713,727$6,702,472$9,213,167
83$13,408,485$8,019,237$6,854,542$9,749,591
84$14,701,405$8,337,434$7,009,424$10,327,708
85$16,123,849$8,668,869$7,167,140$10,951,327
86$17,688,953$9,014,115$7,327,711$11,624,629
87$19,411,193$9,373,773$7,491,156$12,352,202
88$21,306,517$9,748,471$7,657,493$13,139,087
89$23,392,499$10,138,863$7,826,736$13,990,821
90$25,688,502$10,545,635$7,998,899$14,913,485
91$28,215,861$10,969,503$8,173,994$15,913,761
92$30,998,085$11,411,214$8,352,029$16,998,993
93$34,061,078$11,871,553$8,533,011$18,177,250
94$37,433,384$12,351,335$8,716,943$19,457,405
95$41,146,455$12,851,416$8,903,826$20,849,210
96$45,234,948$13,372,689$9,093,658$22,363,389
97$49,737,050$13,916,089$9,286,433$24,011,734
98$54,694,843$14,482,592$9,482,143$25,807,216
99$60,154,697$15,073,218$9,680,774$27,764,097
100$66,167,706$15,689,036$9,882,311$29,898,068