Can I retire at age 74 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$90,011$89,209$88,427$87,664$86,918$83,734
2 years$44,560$43,730$42,926$42,146$41,390$38,217
3 years$29,412$28,578$27,776$27,003$26,259$23,198
4 years$21,839$21,008$20,214$19,454$18,728$15,802
5 years$17,296$16,470$15,687$14,943$14,237$11,453
6 years$14,269$13,449$12,677$11,950$11,265$8,626
7 years$12,108$11,295$10,535$9,825$9,162$6,666
8 years$10,487$9,682$8,934$8,242$7,600$5,246
9 years$9,228$8,430$7,695$7,020$6,401$4,185
10 years$8,220$7,430$6,709$6,051$5,454$3,372
11 years$7,397$6,615$5,906$5,267$4,690$2,739
12 years$6,711$5,937$5,242$4,619$4,065$2,238
13 years$6,131$5,365$4,683$4,078$3,544$1,838
14 years$5,635$4,877$4,208$3,620$3,107$1,515
15 years$5,205$4,455$3,799$3,229$2,736$1,253
16 years$4,829$4,088$3,444$2,891$2,418$1,039
17 years$4,498$3,765$3,134$2,597$2,144$864
18 years$4,204$3,479$2,861$2,341$1,906$719
19 years$3,941$3,224$2,619$2,115$1,699$599
20 years$3,705$2,996$2,404$1,916$1,518$500
21 years$3,491$2,790$2,211$1,739$1,358$418
22 years$3,297$2,605$2,038$1,581$1,217$349
23 years$3,121$2,436$1,882$1,440$1,093$292
24 years$2,959$2,283$1,740$1,313$982$245
25 years$2,810$2,142$1,612$1,199$884$205
26 years$2,673$2,013$1,495$1,096$796$172
27 years$2,547$1,895$1,388$1,004$718$144
28 years$2,429$1,785$1,290$919$648$121
29 years$2,320$1,684$1,201$843$585$101
30 years$2,219$1,591$1,119$774$528$85
31 years$2,124$1,504$1,043$711$478$71
32 years$2,035$1,423$973$653$432$60
33 years$1,952$1,347$908$601$391$50
34 years$1,874$1,277$849$553$354$42
35 years$1,800$1,211$794$509$321$35
36 years$1,731$1,150$742$469$291$30
37 years$1,666$1,092$695$432$263$25
38 years$1,604$1,038$651$398$239$21
39 years$1,546$987$610$367$217$18
40 years$1,490$939$571$338$196$15
41 years$1,438$894$536$312$178$12
42 years$1,388$851$503$288$162$10
43 years$1,340$811$472$266$147$9
44 years$1,295$773$443$246$133$7
45 years$1,252$737$416$227$121$6
46 years$1,211$703$390$210$110$5
47 years$1,172$671$367$194$100$4
48 years$1,134$641$345$179$91$4
49 years$1,098$612$324$165$82$3
50 years$1,064$584$305$153$75$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,090,000, adding $3,341 every year, while hoping to spend $38,558 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: 72/9/19 Blend
73$1,090,000$1,090,000$1,090,000$1,090,000
74$1,204,626$1,146,856$1,129,961$1,285,668
75$1,286,473$1,162,027$1,126,790$1,355,163
76$1,375,375$1,176,648$1,122,219$1,426,293
77$1,472,013$1,190,653$1,116,163$1,503,215
78$1,577,132$1,203,970$1,108,529$1,586,495
79$1,691,556$1,216,520$1,099,220$1,676,759
80$1,816,187$1,228,223$1,088,137$1,774,699
81$1,952,023$1,238,990$1,075,174$1,881,074
82$2,100,156$1,248,727$1,060,219$1,996,723
83$2,261,794$1,257,337$1,043,158$2,122,570
84$2,438,262$1,264,712$1,023,870$2,259,636
85$2,631,022$1,270,739$1,002,226$2,409,042
86$2,841,681$1,275,301$978,096$2,572,028
87$3,072,010$1,278,267$951,339$2,749,959
88$3,323,957$1,279,505$921,811$2,944,340
89$3,599,669$1,278,869$889,360$3,156,832
90$3,901,508$1,276,206$853,827$3,389,262
91$4,232,077$1,271,356$815,045$3,643,649
92$4,594,242$1,264,145$772,842$3,922,216
93$4,991,158$1,254,391$727,036$4,227,414
94$5,426,301$1,241,902$677,436$4,561,945
95$5,903,499$1,226,470$623,845$4,928,789
96$6,426,968$1,207,879$566,057$5,331,230
97$7,001,352$1,185,899$503,853$5,772,888
98$7,631,767$1,160,285$437,009$6,257,756
99$8,323,847$1,130,779$365,289$6,790,232
100$9,083,798$1,097,106$288,445$7,375,169