Can I retire at age 74 with 1,410,000?

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 $1,410,000?

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$116,436$115,399$114,387$113,400$112,435$111,821
2 years$57,642$56,568$55,528$54,519$53,541$52,920
3 years$38,046$36,968$35,930$34,931$33,968$33,362
4 years$28,250$27,175$26,148$25,166$24,227$23,638
5 years$22,374$21,306$20,292$19,330$18,417$17,848
6 years$18,458$17,398$16,399$15,458$14,572$14,025
7 years$15,662$14,611$13,628$12,709$11,851$11,325
8 years$13,566$12,524$11,557$10,661$9,832$9,326
9 years$11,937$10,904$9,954$9,081$8,280$7,795
10 years$10,634$9,612$8,678$7,828$7,055$6,591
11 years$9,569$8,557$7,640$6,813$6,067$5,624
12 years$8,681$7,680$6,781$5,976$5,258$4,835
13 years$7,931$6,941$6,058$5,276$4,585$4,181
14 years$7,289$6,309$5,443$4,683$4,019$3,635
15 years$6,733$5,763$4,914$4,176$3,539$3,173
16 years$6,247$5,288$4,456$3,740$3,128$2,780
17 years$5,818$4,870$4,054$3,360$2,773$2,443
18 years$5,438$4,500$3,701$3,028$2,466$2,153
19 years$5,098$4,170$3,388$2,736$2,198$1,901
20 years$4,792$3,875$3,110$2,478$1,963$1,683
21 years$4,516$3,610$2,860$2,249$1,757$1,492
22 years$4,265$3,370$2,636$2,045$1,575$1,324
23 years$4,037$3,151$2,434$1,862$1,414$1,177
24 years$3,827$2,953$2,251$1,698$1,270$1,048
25 years$3,635$2,771$2,085$1,551$1,143$934
26 years$3,458$2,604$1,934$1,418$1,030$833
27 years$3,294$2,451$1,796$1,298$928$743
28 years$3,143$2,309$1,669$1,189$838$664
29 years$3,002$2,179$1,553$1,091$756$593
30 years$2,870$2,058$1,447$1,001$684$530
31 years$2,747$1,945$1,349$919$618$475
32 years$2,633$1,840$1,259$845$559$425
33 years$2,525$1,743$1,175$777$506$380
34 years$2,424$1,652$1,098$715$458$341
35 years$2,329$1,567$1,026$658$415$305
36 years$2,239$1,487$960$606$376$274
37 years$2,155$1,412$899$558$341$245
38 years$2,075$1,342$842$515$309$220
39 years$1,999$1,276$789$475$280$197
40 years$1,928$1,214$739$438$254$177
41 years$1,860$1,156$693$404$230$159
42 years$1,795$1,101$650$373$209$142
43 years$1,734$1,049$610$344$190$128
44 years$1,675$1,000$573$318$172$115
45 years$1,620$953$538$293$156$103
46 years$1,566$910$505$271$142$92
47 years$1,516$868$474$250$129$83
48 years$1,467$829$446$231$117$75
49 years$1,421$791$419$214$106$67
50 years$1,377$756$394$198$97$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,410,000, adding $6,358 every year, while hoping to spend $57,699 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: 67/6/27 Blend
73$1,410,000$1,410,000$1,410,000$1,410,000
74$1,560,378$1,485,648$1,463,793$1,653,534
75$1,658,146$1,497,054$1,451,439$1,728,448
76$1,763,951$1,507,084$1,436,737$1,803,253
77$1,878,554$1,515,612$1,419,548$1,883,769
78$2,002,790$1,522,499$1,399,725$1,970,564
79$2,137,574$1,527,602$1,377,116$2,064,264
80$2,283,918$1,530,765$1,351,561$2,165,559
81$2,442,930$1,531,825$1,322,891$2,275,212
82$2,615,832$1,530,608$1,290,931$2,394,065
83$2,803,968$1,526,929$1,255,498$2,523,047
84$3,008,815$1,520,590$1,216,399$2,663,184
85$3,232,000$1,511,385$1,173,434$2,815,607
86$3,475,313$1,499,092$1,126,393$2,981,566
87$3,740,724$1,483,476$1,075,056$3,162,440
88$4,030,400$1,464,289$1,019,194$3,359,749
89$4,346,730$1,441,269$958,566$3,575,174
90$4,692,340$1,414,134$892,921$3,810,565
91$5,070,123$1,382,591$821,998$4,067,969
92$5,483,264$1,346,326$745,523$4,349,640
93$5,935,268$1,305,008$663,210$4,658,066
94$6,429,997$1,258,285$574,759$4,995,994
95$6,971,703$1,205,787$479,860$5,366,451
96$7,565,067$1,147,120$378,185$5,772,780
97$8,215,244$1,081,870$269,395$6,218,666
98$8,927,914$1,009,597$153,135$6,708,175
99$9,709,330$929,836$29,033$7,245,793
100$10,566,380$842,095$0$7,836,465