Can I retire at age 74 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$114,785$113,762$112,765$111,791$110,841$109,729
2 years$56,824$55,766$54,740$53,746$52,781$51,661
3 years$37,507$36,444$35,421$34,435$33,487$32,393
4 years$27,850$26,790$25,777$24,809$23,883$22,825
5 years$22,057$21,004$20,004$19,056$18,155$17,136
6 years$18,196$17,151$16,166$15,239$14,366$13,386
7 years$15,440$14,403$13,434$12,529$11,683$10,743
8 years$13,374$12,346$11,393$10,510$9,692$8,792
9 years$11,767$10,750$9,813$8,952$8,162$7,302
10 years$10,483$9,475$8,555$7,717$6,955$6,133
11 years$9,433$8,435$7,532$6,716$5,981$5,198
12 years$8,558$7,571$6,684$5,891$5,183$4,437
13 years$7,819$6,842$5,972$5,201$4,520$3,811
14 years$7,186$6,219$5,366$4,617$3,962$3,289
15 years$6,637$5,681$4,845$4,117$3,489$2,850
16 years$6,158$5,213$4,392$3,687$3,083$2,478
17 years$5,736$4,801$3,997$3,312$2,734$2,161
18 years$5,361$4,436$3,649$2,985$2,431$1,890
19 years$5,025$4,111$3,340$2,697$2,167$1,656
20 years$4,724$3,820$3,065$2,443$1,935$1,454
21 years$4,452$3,559$2,820$2,217$1,732$1,278
22 years$4,205$3,322$2,599$2,016$1,552$1,126
23 years$3,979$3,107$2,399$1,836$1,393$992
24 years$3,773$2,911$2,219$1,674$1,252$876
25 years$3,584$2,732$2,055$1,529$1,127$774
26 years$3,409$2,567$1,906$1,398$1,015$684
27 years$3,248$2,416$1,770$1,280$915$605
28 years$3,098$2,277$1,646$1,173$826$536
29 years$2,959$2,148$1,531$1,075$746$475
30 years$2,829$2,028$1,426$987$674$421
31 years$2,709$1,918$1,330$906$609$373
32 years$2,595$1,814$1,241$833$551$331
33 years$2,489$1,718$1,158$766$499$294
34 years$2,390$1,628$1,082$705$452$261
35 years$2,296$1,545$1,012$649$409$231
36 years$2,208$1,466$947$597$371$205
37 years$2,124$1,392$886$551$336$182
38 years$2,046$1,323$830$507$304$162
39 years$1,971$1,258$777$468$276$144
40 years$1,900$1,197$729$432$250$128
41 years$1,833$1,140$683$398$227$114
42 years$1,770$1,085$641$367$206$101
43 years$1,709$1,034$601$339$187$90
44 years$1,652$986$565$313$170$80
45 years$1,597$940$530$289$154$71
46 years$1,544$897$498$267$140$63
47 years$1,494$856$468$247$127$56
48 years$1,447$817$440$228$115$50
49 years$1,401$780$413$211$105$44
50 years$1,357$745$388$195$95$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,390,000, adding $6,771 every year, while hoping to spend $25,214 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: 50/29/21 Blend
73$1,390,000$1,390,000$1,390,000$1,390,000
74$1,538,764$1,465,094$1,443,549$1,606,352
75$1,668,891$1,510,056$1,465,081$1,698,845
76$1,811,445$1,556,377$1,486,488$1,796,191
77$1,967,668$1,604,095$1,507,741$1,901,462
78$2,138,927$1,653,252$1,528,807$2,015,416
79$2,326,727$1,703,891$1,549,652$2,138,890
80$2,532,725$1,756,054$1,570,237$2,272,800
81$2,758,749$1,809,786$1,590,526$2,418,160
82$3,006,809$1,865,133$1,610,476$2,576,082
83$3,279,121$1,922,142$1,630,045$2,747,791
84$3,578,126$1,980,862$1,649,186$2,934,639
85$3,906,513$2,041,342$1,667,852$3,138,110
86$4,267,242$2,103,633$1,685,990$3,359,842
87$4,663,578$2,167,788$1,703,547$3,601,635
88$5,099,113$2,233,860$1,720,466$3,865,476
89$5,577,808$2,301,905$1,736,688$4,153,549
90$6,104,026$2,371,979$1,752,148$4,468,262
91$6,682,572$2,444,142$1,766,781$4,812,266
92$7,318,742$2,518,452$1,780,515$5,188,483
93$8,018,370$2,594,972$1,793,278$5,600,129
94$8,787,882$2,673,765$1,804,992$6,050,749
95$9,634,362$2,754,895$1,815,575$6,544,247
96$10,565,611$2,838,429$1,824,941$7,084,924
97$11,590,227$2,924,435$1,833,000$7,677,517
98$12,717,681$3,012,984$1,839,657$8,327,247
99$13,958,411$3,104,147$1,844,812$9,039,866
100$15,323,917$3,197,998$1,848,361$9,821,709