Can I retire at age 74 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$503,732$499,245$494,868$490,595$486,423$472,176
2 years$249,372$244,728$240,227$235,863$231,630$217,392
3 years$164,597$159,933$155,443$151,120$146,955$133,173
4 years$122,217$117,567$113,123$108,873$104,810$91,588
5 years$96,796$92,174$87,788$83,625$79,675$67,050
6 years$79,855$75,267$70,946$66,876$63,044$51,027
7 years$67,758$63,209$58,956$54,982$51,272$39,863
8 years$58,690$54,182$49,999$46,123$42,535$31,727
9 years$51,640$47,175$43,064$39,287$35,820$25,603
10 years$46,004$41,583$37,545$33,866$30,521$20,880
11 years$41,396$37,019$33,054$29,473$26,249$17,168
12 years$37,558$33,226$29,334$25,852$22,747$14,207
13 years$34,313$30,026$26,208$22,823$19,836$11,819
14 years$31,535$27,293$23,548$20,260$17,388$9,874
15 years$29,129$24,933$21,261$18,068$15,310$8,277
16 years$27,025$22,875$19,276$16,178$13,531$6,958
17 years$25,171$21,067$17,540$14,536$11,997$5,863
18 years$23,525$19,467$16,012$13,100$10,667$4,950
19 years$22,054$18,042$14,658$11,837$9,508$4,186
20 years$20,732$16,766$13,453$10,721$8,493$3,545
21 years$19,537$15,616$12,374$9,730$7,600$3,006
22 years$18,452$14,577$11,405$8,846$6,812$2,551
23 years$17,463$13,634$10,530$8,057$6,115$2,166
24 years$16,558$12,774$9,739$7,348$5,496$1,841
25 years$15,727$11,988$9,020$6,711$4,946$1,566
26 years$14,960$11,267$8,365$6,136$4,455$1,332
27 years$14,252$10,603$7,768$5,616$4,017$1,134
28 years$13,596$9,991$7,221$5,146$3,624$966
29 years$12,985$9,426$6,720$4,719$3,273$822
30 years$12,417$8,902$6,260$4,331$2,957$701
31 years$11,886$8,415$5,836$3,977$2,673$597
32 years$11,390$7,962$5,445$3,655$2,418$509
33 years$10,924$7,540$5,084$3,361$2,189$434
34 years$10,487$7,147$4,750$3,093$1,982$370
35 years$10,076$6,778$4,441$2,847$1,795$315
36 years$9,688$6,434$4,154$2,622$1,626$269
37 years$9,322$6,111$3,888$2,416$1,474$229
38 years$8,977$5,807$3,641$2,227$1,336$196
39 years$8,650$5,522$3,412$2,053$1,212$167
40 years$8,340$5,254$3,198$1,894$1,099$142
41 years$8,046$5,001$2,998$1,747$997$121
42 years$7,766$4,763$2,813$1,613$905$104
43 years$7,501$4,538$2,639$1,489$821$88
44 years$7,248$4,326$2,477$1,374$745$75
45 years$7,007$4,125$2,326$1,269$677$64
46 years$6,777$3,935$2,185$1,172$614$55
47 years$6,558$3,755$2,053$1,083$558$47
48 years$6,348$3,585$1,929$1,001$507$40
49 years$6,148$3,423$1,813$925$460$34
50 years$5,956$3,270$1,704$855$418$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $6,100,000, adding $5,498 every year, while hoping to spend $20,881 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: 49/29/22 Blend
73$6,100,000$6,100,000$6,100,000$6,100,000
74$6,727,871$6,404,571$6,310,021$7,015,554
75$7,391,897$6,696,178$6,499,190$7,507,831
76$8,122,953$7,001,374$6,693,995$8,039,774
77$8,927,856$7,320,802$6,894,605$8,617,243
78$9,814,113$7,655,138$7,101,191$9,244,537
79$10,790,001$8,005,088$7,313,929$9,926,380
80$11,864,637$8,371,393$7,533,002$10,667,964
81$13,048,069$8,754,830$7,758,596$11,474,990
82$14,351,368$9,156,213$7,990,905$12,353,731
83$15,786,734$9,576,393$8,230,127$13,311,077
84$17,367,610$10,016,266$8,476,466$14,354,606
85$19,108,811$10,476,767$8,730,131$15,492,651
86$21,026,659$10,958,879$8,991,341$16,734,373
87$23,139,144$11,463,630$9,260,316$18,089,850
88$25,466,087$11,992,098$9,537,287$19,570,166
89$28,029,330$12,545,413$9,822,489$21,187,511
90$30,852,944$13,124,761$10,116,164$22,955,300
91$33,963,453$13,731,382$10,418,564$24,888,289
92$37,390,083$14,366,578$10,729,944$27,002,715
93$41,165,045$15,031,713$11,050,570$29,316,445
94$45,323,829$15,728,217$11,380,714$31,849,141
95$49,905,548$16,457,588$11,720,656$34,622,442
96$54,953,301$17,221,397$12,070,685$37,660,165
97$60,514,582$18,021,290$12,431,098$40,988,524
98$66,641,729$18,858,993$12,802,199$44,636,376
99$73,392,417$19,736,315$13,184,305$48,635,484
100$80,830,202$20,655,153$13,577,737$53,020,819