Can I retire at age 74 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$602,827$597,458$592,219$587,105$582,112$577,718
2 years$298,429$292,871$287,485$282,262$277,196$272,766
3 years$196,977$191,395$186,022$180,848$175,865$171,535
4 years$146,260$140,695$135,376$130,291$125,428$121,233
5 years$115,838$110,307$105,057$100,076$95,349$91,301
6 years$95,564$90,074$84,902$80,031$75,446$71,550
7 years$81,087$75,644$70,554$65,798$61,358$57,616
8 years$70,235$64,841$59,835$55,197$50,902$47,314
9 years$61,799$56,456$51,536$47,015$42,867$39,432
10 years$55,054$49,763$44,930$40,528$36,525$33,241
11 years$49,539$44,301$39,556$35,271$31,413$28,277
12 years$44,947$39,762$35,105$30,938$27,221$24,232
13 years$41,064$35,933$31,364$27,313$23,738$20,890
14 years$37,738$32,662$28,181$24,246$20,808$18,100
15 years$34,859$29,838$25,443$21,623$18,321$15,748
16 years$32,342$27,376$23,068$19,361$16,192$13,751
17 years$30,123$25,212$20,991$17,396$14,357$12,043
18 years$28,153$23,297$19,162$15,677$12,766$10,575
19 years$26,393$21,591$17,542$14,165$11,378$9,306
20 years$24,810$20,064$16,099$12,830$10,163$8,206
21 years$23,381$18,689$14,808$11,644$9,095$7,248
22 years$22,082$17,445$13,648$10,587$8,153$6,411
23 years$20,899$16,316$12,602$9,642$7,318$5,678
24 years$19,816$15,287$11,654$8,794$6,578$5,034
25 years$18,821$14,346$10,794$8,031$5,919$4,468
26 years$17,904$13,483$10,011$7,343$5,332$3,969
27 years$17,056$12,689$9,296$6,721$4,807$3,528
28 years$16,270$11,957$8,642$6,158$4,337$3,139
29 years$15,540$11,280$8,042$5,647$3,916$2,794
30 years$14,860$10,653$7,491$5,183$3,539$2,488
31 years$14,225$10,070$6,984$4,760$3,199$2,217
32 years$13,630$9,529$6,516$4,374$2,894$1,976
33 years$13,073$9,024$6,084$4,023$2,619$1,762
34 years$12,550$8,552$5,684$3,701$2,371$1,572
35 years$12,058$8,112$5,314$3,407$2,148$1,403
36 years$11,594$7,699$4,972$3,138$1,946$1,252
37 years$11,156$7,313$4,653$2,891$1,764$1,118
38 years$10,743$6,950$4,358$2,665$1,599$998
39 years$10,351$6,608$4,083$2,457$1,450$891
40 years$9,980$6,287$3,827$2,266$1,315$796
41 years$9,628$5,985$3,588$2,091$1,193$711
42 years$9,294$5,700$3,366$1,930$1,083$635
43 years$8,976$5,431$3,158$1,781$983$568
44 years$8,673$5,177$2,965$1,645$892$507
45 years$8,385$4,936$2,784$1,519$810$454
46 years$8,110$4,709$2,615$1,403$735$405
47 years$7,848$4,494$2,456$1,296$668$362
48 years$7,597$4,290$2,308$1,198$606$324
49 years$7,357$4,097$2,170$1,107$551$290
50 years$7,127$3,913$2,040$1,023$500$259

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $7,300,000, adding $2,681 every year, while hoping to spend $21,158 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: 41/32/27 Blend
73$7,300,000$7,300,000$7,300,000$7,300,000
74$8,047,365$7,660,465$7,547,315$8,313,282
75$8,845,685$8,013,316$7,777,639$8,858,377
76$9,724,724$8,382,748$8,014,968$9,445,827
77$10,692,693$8,769,550$8,259,517$10,081,306
78$11,758,640$9,174,551$8,511,504$10,769,239
79$12,932,536$9,598,618$8,771,154$11,514,485
80$14,225,367$10,042,663$9,038,700$12,322,380
81$15,649,238$10,507,637$9,314,380$13,198,778
82$17,217,490$10,994,541$9,598,441$14,150,112
83$18,944,823$11,504,422$9,891,138$15,183,447
84$20,847,435$12,038,378$10,192,731$16,306,542
85$22,943,175$12,597,561$10,503,489$17,527,924
86$25,251,715$13,183,177$10,823,692$18,856,963
87$27,794,727$13,796,491$11,153,623$20,303,956
88$30,596,099$14,438,828$11,493,579$21,880,223
89$33,682,148$15,111,578$11,843,861$23,598,206
90$37,081,881$15,816,199$12,204,784$25,471,586
91$40,827,256$16,554,216$12,576,668$27,515,407
92$44,953,496$17,327,232$12,959,846$29,746,212
93$49,499,410$18,136,924$13,354,658$32,182,195
94$54,507,768$18,985,052$13,761,458$34,843,369
95$60,025,701$19,873,459$14,180,607$37,751,748
96$66,105,144$20,804,081$14,612,479$40,931,552
97$72,803,330$21,778,942$15,057,458$44,409,428
98$80,183,328$22,800,169$15,515,941$48,214,695
99$88,314,639$23,869,988$15,988,337$52,379,617
100$97,273,851$24,990,736$16,475,065$56,939,699