Can I retire at age 74 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$115,611$114,581$113,576$112,596$111,638$111,168
2 years$57,233$56,167$55,134$54,132$53,161$52,686
3 years$37,776$36,706$35,675$34,683$33,727$33,263
4 years$28,050$26,983$25,963$24,987$24,055$23,604
5 years$22,216$21,155$20,148$19,193$18,286$17,850
6 years$18,327$17,274$16,283$15,349$14,469$14,049
7 years$15,551$14,507$13,531$12,619$11,767$11,363
8 years$13,470$12,435$11,475$10,586$9,762$9,374
9 years$11,852$10,827$9,884$9,017$8,221$7,849
10 years$10,558$9,544$8,617$7,772$7,005$6,648
11 years$9,501$8,496$7,586$6,764$6,024$5,683
12 years$8,620$7,626$6,732$5,933$5,221$4,894
13 years$7,875$6,891$6,015$5,238$4,552$4,241
14 years$7,237$6,264$5,405$4,650$3,991$3,694
15 years$6,685$5,722$4,880$4,147$3,514$3,231
16 years$6,203$5,250$4,424$3,713$3,105$2,837
17 years$5,777$4,835$4,026$3,336$2,753$2,498
18 years$5,399$4,468$3,675$3,007$2,448$2,206
19 years$5,062$4,141$3,364$2,717$2,182$1,952
20 years$4,758$3,848$3,088$2,460$1,949$1,732
21 years$4,484$3,584$2,840$2,233$1,744$1,538
22 years$4,235$3,346$2,617$2,030$1,563$1,369
23 years$4,008$3,129$2,417$1,849$1,403$1,220
24 years$3,800$2,932$2,235$1,686$1,261$1,088
25 years$3,609$2,751$2,070$1,540$1,135$972
26 years$3,434$2,586$1,920$1,408$1,022$869
27 years$3,271$2,434$1,783$1,289$922$777
28 years$3,120$2,293$1,657$1,181$832$696
29 years$2,980$2,163$1,542$1,083$751$623
30 years$2,850$2,043$1,437$994$679$559
31 years$2,728$1,931$1,339$913$614$501
32 years$2,614$1,827$1,250$839$555$449
33 years$2,507$1,731$1,167$771$502$403
34 years$2,407$1,640$1,090$710$455$362
35 years$2,312$1,556$1,019$653$412$325
36 years$2,224$1,477$953$602$373$292
37 years$2,140$1,402$892$554$338$263
38 years$2,060$1,333$836$511$307$236
39 years$1,985$1,267$783$471$278$212
40 years$1,914$1,206$734$435$252$191
41 years$1,847$1,148$688$401$229$172
42 years$1,782$1,093$646$370$208$155
43 years$1,721$1,042$606$342$188$139
44 years$1,663$993$569$315$171$125
45 years$1,608$947$534$291$155$113
46 years$1,555$903$501$269$141$101
47 years$1,505$862$471$249$128$91
48 years$1,457$823$443$230$116$82
49 years$1,411$786$416$212$106$74
50 years$1,367$751$391$196$96$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,400,000, adding $6,012 every year, while hoping to spend $37,652 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: 29/42/29 Blend
73$1,400,000$1,400,000$1,400,000$1,400,000
74$1,549,001$1,474,801$1,453,101$1,579,943
75$1,666,938$1,507,005$1,461,719$1,637,174
76$1,795,642$1,539,525$1,469,363$1,695,000
77$1,936,173$1,572,337$1,475,962$1,756,422
78$2,089,695$1,605,414$1,481,439$1,821,780
79$2,257,491$1,638,726$1,485,714$1,891,445
80$2,440,974$1,672,242$1,488,704$1,965,831
81$2,641,698$1,705,927$1,490,321$2,045,392
82$2,861,376$1,739,743$1,490,472$2,130,631
83$3,101,894$1,773,647$1,489,059$2,222,104
84$3,365,327$1,807,596$1,485,983$2,320,424
85$3,653,961$1,841,539$1,481,135$2,426,268
86$3,970,316$1,875,426$1,474,404$2,540,383
87$4,317,164$1,909,197$1,465,672$2,663,597
88$4,697,560$1,942,793$1,454,817$2,796,822
89$5,114,867$1,976,146$1,441,709$2,941,064
90$5,572,792$2,009,185$1,426,215$3,097,437
91$6,075,415$2,041,834$1,408,192$3,267,168
92$6,627,234$2,074,010$1,387,492$3,451,615
93$7,233,200$2,105,624$1,363,961$3,652,273
94$7,898,769$2,136,582$1,337,436$3,870,798
95$8,629,951$2,166,783$1,307,748$4,109,013
96$9,433,367$2,196,116$1,274,719$4,368,933
97$10,316,311$2,224,467$1,238,163$4,652,784
98$11,286,819$2,251,710$1,197,885$4,963,019
99$12,353,743$2,277,712$1,153,683$5,302,349
100$13,526,838$2,302,333$1,105,344$5,673,765