Can I retire at age 74 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$118,914$117,855$116,821$115,813$114,828$110,886
2 years$58,868$57,772$56,709$55,679$54,680$50,749
3 years$38,856$37,755$36,695$35,674$34,691$30,894
4 years$28,851$27,754$26,704$25,701$24,742$21,108
5 years$22,850$21,759$20,724$19,741$18,808$15,347
6 years$18,851$17,768$16,748$15,787$14,883$11,597
7 years$15,995$14,922$13,917$12,979$12,103$8,993
8 years$13,855$12,791$11,803$10,888$10,041$7,103
9 years$12,191$11,136$10,166$9,274$8,456$5,686
10 years$10,860$9,816$8,863$7,994$7,205$4,600
11 years$9,772$8,739$7,803$6,958$6,196$3,750
12 years$8,866$7,843$6,925$6,103$5,370$3,077
13 years$8,100$7,088$6,187$5,388$4,683$2,537
14 years$7,444$6,443$5,559$4,783$4,105$2,101
15 years$6,876$5,886$5,019$4,265$3,614$1,745
16 years$6,380$5,400$4,550$3,819$3,194$1,453
17 years$5,942$4,973$4,141$3,431$2,832$1,213
18 years$5,554$4,596$3,780$3,092$2,518$1,014
19 years$5,206$4,259$3,460$2,794$2,245$849
20 years$4,894$3,958$3,176$2,531$2,005$712
21 years$4,612$3,687$2,921$2,297$1,794$598
22 years$4,356$3,441$2,692$2,088$1,608$502
23 years$4,123$3,218$2,486$1,902$1,444$422
24 years$3,909$3,016$2,299$1,735$1,298$355
25 years$3,713$2,830$2,129$1,584$1,168$299
26 years$3,532$2,660$1,975$1,448$1,052$252
27 years$3,364$2,503$1,834$1,326$948$212
28 years$3,209$2,359$1,705$1,215$856$179
29 years$3,065$2,225$1,586$1,114$773$150
30 years$2,931$2,101$1,478$1,022$698$127
31 years$2,806$1,986$1,378$939$631$107
32 years$2,689$1,880$1,285$863$571$90
33 years$2,579$1,780$1,200$794$517$76
34 years$2,476$1,687$1,121$730$468$64
35 years$2,379$1,600$1,048$672$424$54
36 years$2,287$1,519$981$619$384$46
37 years$2,201$1,442$918$570$348$38
38 years$2,119$1,371$860$526$315$32
39 years$2,042$1,304$805$485$286$27
40 years$1,969$1,240$755$447$259$23
41 years$1,899$1,181$708$412$235$19
42 years$1,833$1,124$664$381$214$16
43 years$1,771$1,071$623$351$194$14
44 years$1,711$1,021$585$324$176$12
45 years$1,654$974$549$300$160$10
46 years$1,600$929$516$277$145$8
47 years$1,548$886$485$256$132$7
48 years$1,499$846$455$236$120$6
49 years$1,451$808$428$218$109$5
50 years$1,406$772$402$202$99$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,440,000, adding $2,612 every year, while hoping to spend $27,416 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: 52/23/25 Blend
73$1,440,000$1,440,000$1,440,000$1,440,000
74$1,589,574$1,513,254$1,490,934$1,661,017
75$1,722,540$1,558,233$1,511,710$1,755,748
76$1,868,150$1,604,497$1,532,263$1,855,727
77$2,027,665$1,652,081$1,552,557$1,963,928
78$2,202,472$1,701,018$1,572,553$2,081,144
79$2,394,100$1,751,345$1,592,210$2,208,250
80$2,604,235$1,803,097$1,611,486$2,346,208
81$2,834,731$1,856,312$1,630,334$2,496,078
82$3,087,630$1,911,028$1,648,707$2,659,028
83$3,365,183$1,967,284$1,666,554$2,836,344
84$3,669,870$2,025,118$1,683,821$3,029,442
85$4,004,419$2,084,572$1,700,451$3,239,882
86$4,371,839$2,145,686$1,716,386$3,469,382
87$4,775,444$2,208,501$1,731,563$3,719,834
88$5,218,884$2,273,062$1,745,914$3,993,325
89$5,706,179$2,339,411$1,759,371$4,292,149
90$6,241,760$2,407,593$1,771,861$4,618,839
91$6,830,507$2,477,652$1,783,305$4,976,181
92$7,477,796$2,549,635$1,793,624$5,367,247
93$8,189,553$2,623,589$1,802,732$5,795,421
94$8,972,303$2,699,560$1,810,539$6,264,431
95$9,833,237$2,777,598$1,816,951$6,778,386
96$10,780,277$2,857,750$1,821,869$7,341,812
97$11,822,154$2,940,068$1,825,190$7,959,695
98$12,968,483$3,024,602$1,826,804$8,637,533
99$14,229,864$3,111,402$1,826,597$9,381,379
100$15,617,970$3,200,521$1,824,448$10,197,907