Can I retire at age 74 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$478,959$474,692$470,530$466,467$462,500$449,316
2 years$237,108$232,692$228,413$224,263$220,238$207,058
3 years$156,502$152,067$147,798$143,688$139,728$126,965
4 years$116,207$111,785$107,559$103,519$99,655$87,407
5 years$92,036$87,641$83,470$79,512$75,756$64,056
6 years$75,927$71,566$67,456$63,587$59,943$48,802
7 years$64,426$60,101$56,057$52,278$48,750$38,168
8 years$55,803$51,517$47,540$43,855$40,443$30,414
9 years$49,101$44,855$40,947$37,355$34,059$24,573
10 years$43,742$39,538$35,698$32,200$29,020$20,065
11 years$39,360$35,198$31,428$28,024$24,958$16,519
12 years$35,711$31,592$27,892$24,580$21,628$13,689
13 years$32,626$28,550$24,919$21,701$18,860$11,403
14 years$29,984$25,951$22,390$19,264$16,533$9,539
15 years$27,696$23,707$20,215$17,180$14,557$8,008
16 years$25,696$21,750$18,328$15,383$12,865$6,742
17 years$23,933$20,031$16,678$13,821$11,407$5,689
18 years$22,368$18,510$15,225$12,456$10,143$4,810
19 years$20,970$17,155$13,938$11,255$9,040$4,074
20 years$19,712$15,941$12,791$10,193$8,075$3,455
21 years$18,576$14,848$11,765$9,251$7,226$2,934
22 years$17,545$13,860$10,844$8,411$6,477$2,494
23 years$16,605$12,963$10,012$7,660$5,814$2,121
24 years$15,744$12,146$9,260$6,987$5,226$1,806
25 years$14,953$11,398$8,576$6,381$4,703$1,538
26 years$14,225$10,713$7,954$5,834$4,236$1,311
27 years$13,551$10,082$7,386$5,340$3,819$1,118
28 years$12,927$9,500$6,866$4,893$3,446$953
29 years$12,347$8,962$6,390$4,487$3,112$813
30 years$11,806$8,464$5,952$4,118$2,812$694
31 years$11,302$8,001$5,549$3,782$2,542$592
32 years$10,830$7,571$5,177$3,476$2,299$506
33 years$10,387$7,170$4,834$3,196$2,081$432
34 years$9,971$6,795$4,516$2,941$1,884$369
35 years$9,580$6,445$4,222$2,707$1,706$315
36 years$9,212$6,117$3,950$2,493$1,546$269
37 years$8,864$5,810$3,697$2,297$1,401$230
38 years$8,535$5,522$3,462$2,117$1,270$196
39 years$8,224$5,250$3,244$1,952$1,152$168
40 years$7,930$4,995$3,040$1,801$1,045$143
41 years$7,650$4,755$2,851$1,661$948$122
42 years$7,384$4,529$2,674$1,533$860$105
43 years$7,132$4,315$2,509$1,415$781$89
44 years$6,891$4,113$2,355$1,307$709$76
45 years$6,662$3,922$2,212$1,207$643$65
46 years$6,444$3,742$2,077$1,115$584$56
47 years$6,235$3,571$1,952$1,030$530$48
48 years$6,036$3,409$1,834$952$482$41
49 years$5,845$3,255$1,724$880$437$35
50 years$5,663$3,109$1,621$813$397$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $5,800,000, adding $2,562 every year, while hoping to spend $38,893 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: 54/34/12 Blend
73$5,800,000$5,800,000$5,800,000$5,800,000
74$6,394,243$6,086,843$5,996,943$6,719,560
75$7,005,074$6,343,716$6,156,458$7,197,788
76$7,676,906$6,611,873$6,320,014$7,713,606
77$8,415,920$6,891,825$6,487,705$8,274,125
78$9,228,927$7,184,107$6,659,626$8,883,601
79$10,123,430$7,489,281$6,835,876$9,546,712
80$11,107,697$7,807,932$7,016,555$10,268,599
81$12,190,836$8,140,676$7,201,764$11,054,915
82$13,382,886$8,488,153$7,391,607$11,911,875
83$14,694,905$8,851,038$7,586,191$12,846,313
84$16,139,080$9,230,033$7,785,623$13,865,745
85$17,728,837$9,625,875$7,990,012$14,978,437
86$19,478,972$10,039,337$8,199,471$16,193,485
87$21,405,787$10,471,224$8,414,113$17,520,890
88$23,527,246$10,922,383$8,634,055$18,971,658
89$25,863,143$11,393,698$8,859,414$20,557,900
90$28,435,289$11,886,094$9,090,310$22,292,939
91$31,267,719$12,400,543$9,326,865$24,191,439
92$34,386,915$12,938,058$9,569,204$26,269,538
93$37,822,061$13,499,704$9,817,452$28,544,996
94$41,605,313$14,086,591$10,071,739$31,037,362
95$45,772,108$14,699,887$10,332,195$33,768,156
96$50,361,492$15,340,810$10,598,952$36,761,065
97$55,416,492$16,010,638$10,872,146$40,042,166
98$60,984,524$16,710,709$11,151,912$43,640,170
99$67,117,835$17,442,423$11,438,390$47,586,684
100$73,873,999$18,207,247$11,731,722$51,916,512