Can I retire at age 74 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$118,088$117,036$116,010$115,008$114,030$111,409
2 years$58,459$57,371$56,316$55,292$54,300$51,674
3 years$38,586$37,492$36,440$35,426$34,450$31,901
4 years$28,651$27,561$26,519$25,523$24,570$22,118
5 years$22,692$21,608$20,580$19,604$18,678$16,329
6 years$18,720$17,645$16,631$15,677$14,779$12,536
7 years$15,884$14,818$13,821$12,889$12,019$9,882
8 years$13,758$12,702$11,721$10,812$9,971$7,939
9 years$12,106$11,059$10,095$9,210$8,397$6,469
10 years$10,785$9,748$8,801$7,939$7,155$5,329
11 years$9,704$8,678$7,749$6,909$6,153$4,426
12 years$8,805$7,789$6,877$6,060$5,332$3,702
13 years$8,044$7,039$6,144$5,350$4,650$3,113
14 years$7,393$6,398$5,520$4,749$4,076$2,629
15 years$6,828$5,845$4,984$4,236$3,589$2,229
16 years$6,335$5,363$4,519$3,793$3,172$1,895
17 years$5,901$4,939$4,112$3,408$2,812$1,616
18 years$5,515$4,564$3,754$3,071$2,501$1,380
19 years$5,170$4,230$3,436$2,775$2,229$1,181
20 years$4,860$3,930$3,154$2,513$1,991$1,013
21 years$4,580$3,661$2,901$2,281$1,782$869
22 years$4,326$3,417$2,674$2,074$1,597$747
23 years$4,094$3,196$2,469$1,889$1,434$642
24 years$3,882$2,995$2,283$1,723$1,289$553
25 years$3,687$2,810$2,114$1,573$1,159$476
26 years$3,507$2,641$1,961$1,438$1,044$410
27 years$3,341$2,486$1,821$1,317$942$354
28 years$3,187$2,342$1,693$1,206$850$305
29 years$3,044$2,210$1,575$1,106$767$264
30 years$2,911$2,087$1,467$1,015$693$227
31 years$2,786$1,973$1,368$932$627$196
32 years$2,670$1,867$1,276$857$567$170
33 years$2,561$1,768$1,192$788$513$147
34 years$2,458$1,675$1,114$725$465$127
35 years$2,362$1,589$1,041$667$421$109
36 years$2,271$1,508$974$615$381$95
37 years$2,185$1,432$912$566$346$82
38 years$2,104$1,361$854$522$313$71
39 years$2,028$1,295$800$481$284$61
40 years$1,955$1,232$750$444$258$53
41 years$1,886$1,172$703$410$234$46
42 years$1,821$1,117$659$378$212$40
43 years$1,758$1,064$619$349$192$34
44 years$1,699$1,014$581$322$175$30
45 years$1,643$967$545$298$159$26
46 years$1,589$922$512$275$144$22
47 years$1,537$880$481$254$131$19
48 years$1,488$840$452$235$119$17
49 years$1,441$803$425$217$108$14
50 years$1,396$767$400$200$98$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,430,000, adding $6,567 every year, while hoping to spend $22,113 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: 51/20/29 Blend
73$1,430,000$1,430,000$1,430,000$1,430,000
74$1,582,634$1,506,844$1,484,679$1,650,104
75$1,720,534$1,557,151$1,510,888$1,748,184
76$1,871,760$1,609,182$1,537,233$1,852,041
77$2,037,646$1,662,999$1,563,697$1,964,549
78$2,219,663$1,718,663$1,590,258$2,086,542
79$2,419,433$1,776,242$1,616,896$2,218,939
80$2,638,741$1,835,803$1,643,588$2,362,750
81$2,879,552$1,897,418$1,670,308$2,519,088
82$3,144,034$1,961,158$1,697,030$2,689,177
83$3,434,571$2,027,101$1,723,727$2,874,368
84$3,753,794$2,095,326$1,750,368$3,076,144
85$4,104,598$2,165,914$1,776,923$3,296,140
86$4,490,173$2,238,949$1,803,356$3,536,159
87$4,914,034$2,314,522$1,829,632$3,798,182
88$5,380,054$2,392,722$1,855,713$4,084,395
89$5,892,499$2,473,644$1,881,558$4,397,202
90$6,456,069$2,557,388$1,907,126$4,739,254
91$7,075,943$2,644,055$1,932,369$5,113,469
92$7,757,827$2,733,751$1,957,241$5,523,061
93$8,508,007$2,826,587$1,981,691$5,971,572
94$9,333,411$2,922,676$2,005,664$6,462,903
95$10,241,669$3,022,138$2,029,105$7,001,350
96$11,241,192$3,125,096$2,051,952$7,591,649
97$12,341,245$3,231,676$2,074,144$8,239,014
98$13,552,037$3,342,013$2,095,612$8,949,191
99$14,884,817$3,456,244$2,116,288$9,728,511
100$16,351,981$3,574,513$2,136,096$10,583,947