Can I retire at age 74 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$107,353$106,397$105,464$104,553$103,664$103,097
2 years$53,145$52,155$51,196$50,266$49,364$48,792
3 years$35,078$34,084$33,127$32,206$31,318$30,759
4 years$26,046$25,055$24,108$23,202$22,337$21,794
5 years$20,629$19,644$18,709$17,822$16,980$16,456
6 years$17,018$16,041$15,120$14,252$13,436$12,931
7 years$14,440$13,471$12,564$11,718$10,927$10,441
8 years$12,508$11,547$10,656$9,830$9,065$8,599
9 years$11,005$10,054$9,178$8,373$7,634$7,187
10 years$9,804$8,862$8,001$7,217$6,504$6,077
11 years$8,822$7,889$7,044$6,281$5,594$5,185
12 years$8,004$7,081$6,252$5,509$4,848$4,457
13 years$7,313$6,399$5,585$4,864$4,227$3,855
14 years$6,720$5,817$5,018$4,318$3,706$3,351
15 years$6,208$5,314$4,531$3,851$3,263$2,925
16 years$5,759$4,875$4,108$3,448$2,884$2,563
17 years$5,364$4,490$3,738$3,098$2,557$2,253
18 years$5,014$4,149$3,412$2,792$2,273$1,985
19 years$4,700$3,845$3,124$2,523$2,026$1,753
20 years$4,418$3,573$2,867$2,285$1,810$1,551
21 years$4,164$3,328$2,637$2,074$1,620$1,375
22 years$3,932$3,107$2,430$1,885$1,452$1,221
23 years$3,722$2,906$2,244$1,717$1,303$1,085
24 years$3,529$2,722$2,075$1,566$1,171$966
25 years$3,352$2,555$1,922$1,430$1,054$861
26 years$3,188$2,401$1,783$1,308$949$768
27 years$3,037$2,260$1,655$1,197$856$685
28 years$2,897$2,129$1,539$1,097$772$612
29 years$2,767$2,009$1,432$1,006$697$547
30 years$2,646$1,897$1,334$923$630$489
31 years$2,533$1,793$1,244$848$570$438
32 years$2,427$1,697$1,160$779$515$392
33 years$2,328$1,607$1,083$716$466$351
34 years$2,235$1,523$1,012$659$422$314
35 years$2,147$1,445$946$607$382$281
36 years$2,065$1,371$885$559$347$252
37 years$1,987$1,302$829$515$314$226
38 years$1,913$1,238$776$475$285$203
39 years$1,843$1,177$727$438$258$182
40 years$1,777$1,120$681$404$234$163
41 years$1,715$1,066$639$372$212$146
42 years$1,655$1,015$599$344$193$131
43 years$1,598$967$562$317$175$118
44 years$1,545$922$528$293$159$106
45 years$1,493$879$496$271$144$95
46 years$1,444$839$466$250$131$85
47 years$1,398$800$437$231$119$77
48 years$1,353$764$411$213$108$69
49 years$1,310$730$386$197$98$62
50 years$1,269$697$363$182$89$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,300,000, adding $4,457 every year, while hoping to spend $35,162 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: 63/24/13 Blend
73$1,300,000$1,300,000$1,300,000$1,300,000
74$1,437,197$1,368,297$1,348,147$1,523,032
75$1,546,379$1,397,932$1,355,898$1,610,711
76$1,665,520$1,427,840$1,362,730$1,701,968
77$1,795,596$1,457,998$1,368,576$1,800,751
78$1,937,687$1,488,380$1,373,363$1,907,792
79$2,092,978$1,518,957$1,377,017$2,023,897
80$2,262,774$1,549,698$1,379,459$2,149,954
81$2,448,513$1,580,570$1,380,608$2,286,942
82$2,651,778$1,611,534$1,380,375$2,435,940
83$2,874,312$1,642,552$1,378,670$2,598,134
84$3,118,034$1,673,579$1,375,397$2,774,833
85$3,385,058$1,704,569$1,370,457$2,967,481
86$3,677,711$1,735,470$1,363,745$3,177,665
87$3,998,557$1,766,228$1,355,150$3,407,138
88$4,350,420$1,796,783$1,344,557$3,657,828
89$4,736,408$1,827,071$1,331,846$3,931,864
90$5,159,949$1,857,024$1,316,890$4,231,590
91$5,624,814$1,886,569$1,299,556$4,559,587
92$6,135,160$1,915,625$1,279,706$4,918,703
93$6,695,564$1,944,109$1,257,194$5,312,076
94$7,311,070$1,971,929$1,231,868$5,743,165
95$7,987,233$1,998,987$1,203,570$6,215,779
96$8,730,174$2,025,180$1,172,132$6,734,119
97$9,546,634$2,050,397$1,137,381$7,302,816
98$10,444,041$2,074,517$1,099,134$7,926,971
99$11,430,579$2,097,414$1,057,201$8,612,209
100$12,515,264$2,118,952$1,011,382$9,364,728