Can I retire at age 74 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$119,740$118,673$117,632$116,617$115,625$114,800
2 years$59,277$58,173$57,103$56,066$55,060$54,228
3 years$39,125$38,017$36,950$35,922$34,932$34,119
4 years$29,052$27,946$26,890$25,880$24,914$24,126
5 years$23,009$21,910$20,868$19,878$18,939$18,179
6 years$18,982$17,891$16,864$15,897$14,986$14,254
7 years$16,106$15,025$14,014$13,070$12,188$11,484
8 years$13,951$12,879$11,885$10,964$10,111$9,436
9 years$12,275$11,214$10,237$9,339$8,515$7,869
10 years$10,935$9,884$8,925$8,050$7,255$6,637
11 years$9,840$8,799$7,857$7,006$6,239$5,650
12 years$8,928$7,898$6,973$6,145$5,407$4,844
13 years$8,156$7,137$6,230$5,425$4,715$4,179
14 years$7,496$6,488$5,598$4,816$4,133$3,623
15 years$6,924$5,927$5,054$4,295$3,639$3,155
16 years$6,424$5,438$4,582$3,846$3,216$2,756
17 years$5,983$5,008$4,169$3,455$2,852$2,416
18 years$5,592$4,627$3,806$3,114$2,536$2,123
19 years$5,242$4,289$3,484$2,814$2,260$1,869
20 years$4,928$3,985$3,198$2,548$2,019$1,650
21 years$4,644$3,712$2,941$2,313$1,807$1,458
22 years$4,386$3,465$2,711$2,103$1,619$1,291
23 years$4,151$3,241$2,503$1,915$1,454$1,144
24 years$3,936$3,036$2,315$1,747$1,307$1,015
25 years$3,738$2,850$2,144$1,595$1,176$902
26 years$3,556$2,678$1,989$1,459$1,059$802
27 years$3,388$2,520$1,846$1,335$955$713
28 years$3,232$2,375$1,717$1,223$862$635
29 years$3,087$2,241$1,597$1,122$778$566
30 years$2,952$2,116$1,488$1,029$703$504
31 years$2,825$2,000$1,387$945$635$450
32 years$2,707$1,893$1,294$869$575$401
33 years$2,597$1,792$1,208$799$520$358
34 years$2,493$1,699$1,129$735$471$320
35 years$2,395$1,611$1,056$677$427$285
36 years$2,303$1,529$988$623$387$255
37 years$2,216$1,453$924$574$350$228
38 years$2,134$1,380$866$529$318$204
39 years$2,056$1,313$811$488$288$182
40 years$1,982$1,249$760$450$261$163
41 years$1,912$1,189$713$415$237$145
42 years$1,846$1,132$669$383$215$130
43 years$1,783$1,079$627$354$195$116
44 years$1,723$1,028$589$327$177$104
45 years$1,666$981$553$302$161$93
46 years$1,611$935$519$279$146$83
47 years$1,559$893$488$257$133$74
48 years$1,509$852$458$238$120$67
49 years$1,461$814$431$220$109$60
50 years$1,416$777$405$203$99$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,450,000, adding $6,807 every year, while hoping to spend $29,791 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: 59/21/20 Blend
73$1,450,000$1,450,000$1,450,000$1,450,000
74$1,604,921$1,528,071$1,505,596$1,690,772
75$1,736,926$1,571,250$1,524,337$1,792,972
76$1,881,397$1,615,545$1,542,706$1,900,535
77$2,039,573$1,660,981$1,560,661$2,017,178
78$2,212,822$1,707,581$1,578,155$2,143,785
79$2,402,645$1,755,368$1,595,139$2,281,326
80$2,610,701$1,804,367$1,611,562$2,430,876
81$2,838,812$1,854,601$1,627,369$2,593,612
82$3,088,988$1,906,093$1,642,503$2,770,836
83$3,363,441$1,958,868$1,656,903$2,963,978
84$3,664,609$2,012,950$1,670,506$3,174,616
85$3,995,176$2,068,361$1,683,245$3,404,485
86$4,358,100$2,125,126$1,695,049$3,655,501
87$4,756,637$2,183,268$1,705,844$3,929,769
88$5,194,376$2,242,811$1,715,552$4,229,614
89$5,675,270$2,303,776$1,724,091$4,557,592
90$6,203,675$2,366,188$1,731,375$4,916,523
91$6,784,386$2,430,068$1,737,313$5,309,512
92$7,422,690$2,495,438$1,741,810$5,739,981
93$8,124,410$2,562,320$1,744,765$6,211,700
94$8,895,960$2,630,734$1,746,075$6,728,823
95$9,744,408$2,700,700$1,745,629$7,295,926
96$10,677,541$2,772,238$1,743,311$7,918,054
97$11,703,939$2,845,366$1,739,001$8,600,764
98$12,833,054$2,920,102$1,732,570$9,350,179
99$14,075,301$2,996,463$1,723,887$10,173,047
100$15,442,156$3,074,463$1,712,811$11,076,804