Can I retire at age 74 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$90,837$90,028$89,238$88,468$87,716$85,665
2 years$44,969$44,131$43,320$42,533$41,769$39,715
3 years$29,681$28,840$28,031$27,251$26,500$24,506
4 years$22,039$21,201$20,399$19,633$18,900$16,982
5 years$17,455$16,622$15,831$15,080$14,368$12,531
6 years$14,400$13,573$12,793$12,060$11,369$9,615
7 years$12,219$11,398$10,631$9,915$9,246$7,575
8 years$10,583$9,771$9,016$8,317$7,670$6,082
9 years$9,312$8,507$7,766$7,084$6,459$4,953
10 years$8,296$7,499$6,770$6,107$5,504$4,077
11 years$7,465$6,675$5,960$5,315$4,733$3,385
12 years$6,773$5,992$5,290$4,662$4,102$2,829
13 years$6,188$5,415$4,726$4,116$3,577$2,377
14 years$5,687$4,922$4,246$3,653$3,135$2,006
15 years$5,253$4,496$3,834$3,258$2,761$1,700
16 years$4,873$4,125$3,476$2,917$2,440$1,444
17 years$4,539$3,799$3,163$2,621$2,163$1,230
18 years$4,242$3,510$2,887$2,362$1,924$1,050
19 years$3,977$3,253$2,643$2,135$1,715$898
20 years$3,739$3,023$2,426$1,933$1,531$769
21 years$3,523$2,816$2,231$1,755$1,371$660
22 years$3,327$2,629$2,057$1,595$1,228$567
23 years$3,149$2,459$1,899$1,453$1,103$487
24 years$2,986$2,304$1,756$1,325$991$419
25 years$2,836$2,162$1,627$1,210$892$360
26 years$2,698$2,032$1,509$1,106$803$310
27 years$2,570$1,912$1,401$1,013$724$267
28 years$2,452$1,802$1,302$928$654$231
29 years$2,342$1,700$1,212$851$590$199
30 years$2,239$1,605$1,129$781$533$171
31 years$2,143$1,517$1,052$717$482$148
32 years$2,054$1,436$982$659$436$128
33 years$1,970$1,360$917$606$395$110
34 years$1,891$1,289$857$558$357$95
35 years$1,817$1,222$801$513$324$82
36 years$1,747$1,160$749$473$293$71
37 years$1,681$1,102$701$436$266$61
38 years$1,619$1,047$657$402$241$53
39 years$1,560$996$615$370$218$46
40 years$1,504$947$577$342$198$40
41 years$1,451$902$541$315$180$34
42 years$1,400$859$507$291$163$29
43 years$1,353$818$476$268$148$25
44 years$1,307$780$447$248$134$22
45 years$1,264$744$419$229$122$19
46 years$1,222$710$394$211$111$16
47 years$1,183$677$370$195$101$14
48 years$1,145$646$348$180$91$12
49 years$1,109$617$327$167$83$11
50 years$1,074$590$307$154$75$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,100,000, adding $2,745 every year, while hoping to spend $30,747 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: 61/25/14 Blend
73$1,100,000$1,100,000$1,100,000$1,100,000
74$1,215,031$1,156,731$1,139,681$1,284,798
75$1,306,250$1,180,697$1,145,146$1,356,006
76$1,405,743$1,204,806$1,149,764$1,429,959
77$1,514,320$1,229,033$1,153,473$1,509,922
78$1,632,876$1,253,351$1,156,209$1,596,478
79$1,762,394$1,277,730$1,157,907$1,690,271
80$1,903,956$1,302,137$1,158,495$1,792,010
81$2,058,754$1,326,536$1,157,899$1,902,476
82$2,228,101$1,350,889$1,156,042$2,022,530
83$2,413,440$1,375,156$1,152,842$2,153,121
84$2,616,363$1,399,291$1,148,214$2,295,294
85$2,838,622$1,423,246$1,142,069$2,450,202
86$3,082,146$1,446,970$1,134,313$2,619,114
87$3,349,060$1,470,406$1,124,848$2,803,431
88$3,641,704$1,493,496$1,113,570$3,004,694
89$3,962,656$1,516,175$1,100,373$3,224,604
90$4,314,753$1,538,375$1,085,142$3,465,035
91$4,701,124$1,560,021$1,067,761$3,728,053
92$5,125,212$1,581,036$1,048,104$4,015,935
93$5,590,811$1,601,334$1,026,043$4,331,189
94$6,102,101$1,620,826$1,001,442$4,676,583
95$6,663,684$1,639,415$974,159$5,055,165
96$7,280,632$1,656,999$944,046$5,470,296
97$7,958,533$1,673,468$910,948$5,925,681
98$8,703,541$1,688,706$874,702$6,425,403
99$9,522,436$1,702,586$835,139$6,973,963
100$10,422,690$1,714,978$792,081$7,576,323