Can I retire at age 74 with 1,230,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$101,572$100,667$99,785$98,923$98,082$97,179
2 years$50,283$49,347$48,439$47,559$46,706$45,796
3 years$33,189$32,249$31,343$30,472$29,632$28,744
4 years$24,644$23,706$22,810$21,953$21,134$20,274
5 years$19,518$18,586$17,701$16,862$16,066$15,236
6 years$16,102$15,177$14,305$13,485$12,712$11,915
7 years$13,663$12,745$11,888$11,087$10,338$9,573
8 years$11,834$10,925$10,082$9,300$8,577$7,843
9 years$10,413$9,512$8,683$7,922$7,223$6,521
10 years$9,276$8,385$7,570$6,829$6,154$5,484
11 years$8,347$7,464$6,665$5,943$5,293$4,654
12 years$7,573$6,700$5,915$5,213$4,587$3,978
13 years$6,919$6,055$5,285$4,602$4,000$3,421
14 years$6,359$5,503$4,748$4,085$3,506$2,956
15 years$5,873$5,027$4,287$3,643$3,087$2,565
16 years$5,449$4,613$3,887$3,262$2,728$2,234
17 years$5,076$4,248$3,537$2,931$2,419$1,951
18 years$4,744$3,925$3,229$2,641$2,151$1,708
19 years$4,447$3,638$2,956$2,387$1,917$1,499
20 years$4,180$3,381$2,713$2,162$1,712$1,318
21 years$3,939$3,149$2,495$1,962$1,532$1,160
22 years$3,721$2,939$2,300$1,784$1,374$1,023
23 years$3,521$2,749$2,123$1,625$1,233$904
24 years$3,339$2,576$1,964$1,482$1,108$799
25 years$3,171$2,417$1,819$1,353$997$707
26 years$3,017$2,272$1,687$1,237$898$626
27 years$2,874$2,138$1,566$1,132$810$555
28 years$2,741$2,015$1,456$1,038$731$492
29 years$2,618$1,901$1,355$951$660$436
30 years$2,504$1,795$1,262$873$596$387
31 years$2,397$1,697$1,177$802$539$344
32 years$2,297$1,606$1,098$737$488$306
33 years$2,203$1,520$1,025$678$441$272
34 years$2,115$1,441$958$624$400$242
35 years$2,032$1,367$895$574$362$215
36 years$1,954$1,297$838$529$328$191
37 years$1,880$1,232$784$487$297$170
38 years$1,810$1,171$734$449$269$151
39 years$1,744$1,113$688$414$244$135
40 years$1,682$1,059$645$382$222$120
41 years$1,622$1,008$605$352$201$107
42 years$1,566$960$567$325$182$95
43 years$1,512$915$532$300$166$85
44 years$1,461$872$500$277$150$75
45 years$1,413$832$469$256$136$67
46 years$1,366$793$441$236$124$60
47 years$1,322$757$414$218$112$53
48 years$1,280$723$389$202$102$47
49 years$1,240$690$366$187$93$42
50 years$1,201$659$344$172$84$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,230,000, adding $3,341 every year, while hoping to spend $48,298 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: 52/28/20 Blend
73$1,230,000$1,230,000$1,230,000$1,230,000
74$1,358,906$1,293,716$1,274,651$1,421,915
75$1,446,126$1,305,720$1,265,963$1,477,654
76$1,540,623$1,316,692$1,255,366$1,532,956
77$1,643,090$1,326,533$1,242,743$1,592,077
78$1,754,285$1,335,134$1,227,976$1,655,397
79$1,875,046$1,342,379$1,210,937$1,723,335
80$2,006,293$1,348,147$1,191,494$1,796,354
81$2,149,036$1,352,308$1,169,511$1,874,968
82$2,304,388$1,354,722$1,144,841$1,959,745
83$2,473,576$1,355,243$1,117,333$2,051,311
84$2,657,946$1,353,716$1,086,829$2,150,361
85$2,858,982$1,349,973$1,053,163$2,257,662
86$3,078,317$1,343,840$1,016,162$2,374,062
87$3,317,746$1,335,130$975,645$2,500,498
88$3,579,249$1,323,644$931,422$2,638,008
89$3,865,003$1,309,172$883,294$2,787,736
90$4,177,404$1,291,493$831,056$2,950,947
91$4,519,093$1,270,370$774,490$3,129,042
92$4,892,975$1,245,553$713,370$3,323,564
93$5,302,251$1,216,777$647,460$3,536,221
94$5,750,444$1,183,762$576,514$3,768,899
95$6,241,434$1,146,212$500,272$4,023,683
96$6,779,496$1,103,812$418,467$4,302,871
97$7,369,335$1,056,229$330,816$4,609,007
98$8,016,135$1,003,112$237,026$4,944,897
99$8,725,605$944,089$136,791$5,313,640
100$9,504,034$878,766$29,790$5,718,657