Can I retire at age 74 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$123,043$121,947$120,878$119,834$118,815$115,521
2 years$60,912$59,778$58,678$57,612$56,578$53,285
3 years$40,205$39,065$37,969$36,913$35,896$32,705
4 years$29,853$28,717$27,632$26,594$25,601$22,538
5 years$23,644$22,515$21,443$20,426$19,462$16,534
6 years$19,505$18,385$17,329$16,335$15,399$12,611
7 years$16,551$15,440$14,401$13,430$12,524$9,874
8 years$14,336$13,235$12,213$11,266$10,390$7,877
9 years$12,614$11,523$10,519$9,596$8,750$6,372
10 years$11,237$10,157$9,171$8,272$7,455$5,210
11 years$10,111$9,042$8,074$7,199$6,412$4,295
12 years$9,174$8,116$7,165$6,315$5,556$3,563
13 years$8,381$7,334$6,402$5,575$4,845$2,972
14 years$7,703$6,667$5,752$4,949$4,247$2,490
15 years$7,115$6,090$5,193$4,413$3,740$2,093
16 years$6,601$5,588$4,708$3,952$3,305$1,765
17 years$6,148$5,146$4,284$3,551$2,930$1,491
18 years$5,746$4,755$3,911$3,200$2,606$1,263
19 years$5,387$4,407$3,580$2,891$2,322$1,071
20 years$5,064$4,095$3,286$2,619$2,074$910
21 years$4,772$3,815$3,022$2,377$1,856$774
22 years$4,507$3,561$2,786$2,161$1,664$659
23 years$4,266$3,330$2,572$1,968$1,494$561
24 years$4,045$3,120$2,379$1,795$1,343$479
25 years$3,841$2,928$2,203$1,639$1,208$408
26 years$3,654$2,752$2,043$1,499$1,088$348
27 years$3,481$2,590$1,897$1,372$981$298
28 years$3,321$2,441$1,764$1,257$885$254
29 years$3,172$2,302$1,641$1,153$799$217
30 years$3,033$2,174$1,529$1,058$722$186
31 years$2,903$2,055$1,425$972$653$159
32 years$2,782$1,945$1,330$893$591$136
33 years$2,668$1,842$1,242$821$535$116
34 years$2,562$1,746$1,160$755$484$99
35 years$2,461$1,656$1,085$695$438$85
36 years$2,366$1,572$1,015$640$397$73
37 years$2,277$1,493$950$590$360$62
38 years$2,193$1,418$889$544$326$53
39 years$2,113$1,349$833$502$296$46
40 years$2,037$1,283$781$463$268$39
41 years$1,965$1,222$732$427$244$33
42 years$1,897$1,163$687$394$221$29
43 years$1,832$1,108$645$364$201$24
44 years$1,770$1,057$605$336$182$21
45 years$1,711$1,008$568$310$165$18
46 years$1,655$961$534$286$150$15
47 years$1,602$917$501$265$136$13
48 years$1,551$876$471$244$124$11
49 years$1,502$836$443$226$112$10
50 years$1,455$799$416$209$102$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,490,000, adding $3,760 every year, while hoping to spend $21,027 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: 50/29/21 Blend
73$1,490,000$1,490,000$1,490,000$1,490,000
74$1,645,858$1,566,888$1,543,793$1,718,308
75$1,791,363$1,621,293$1,573,138$1,823,297
76$1,951,005$1,677,659$1,602,761$1,934,887
77$2,126,204$1,736,061$1,632,649$2,055,727
78$2,318,522$1,796,573$1,662,789$2,186,699
79$2,529,684$1,859,278$1,693,165$2,328,773
80$2,761,586$1,924,257$1,723,760$2,483,016
81$3,016,320$1,991,598$1,754,558$2,650,604
82$3,296,187$2,061,389$1,785,538$2,832,827
83$3,603,726$2,133,724$1,816,681$3,031,108
84$3,941,730$2,208,701$1,847,964$3,247,011
85$4,313,279$2,286,419$1,879,363$3,482,260
86$4,721,764$2,366,985$1,910,853$3,738,748
87$5,170,924$2,450,508$1,942,407$4,018,564
88$5,664,876$2,537,100$1,973,995$4,324,003
89$6,208,157$2,626,881$2,005,587$4,657,596
90$6,805,764$2,719,973$2,037,149$5,022,125
91$7,463,205$2,816,505$2,068,647$5,420,658
92$8,186,547$2,916,609$2,100,042$5,856,570
93$8,982,476$3,020,424$2,131,295$6,333,578
94$9,858,358$3,128,095$2,162,363$6,855,775
95$10,822,310$3,239,771$2,193,201$7,427,670
96$11,883,275$3,355,608$2,223,762$8,054,228
97$13,051,106$3,475,770$2,253,995$8,740,917
98$14,336,662$3,600,426$2,283,847$9,493,759
99$15,751,906$3,729,751$2,313,261$10,319,389
100$17,310,021$3,863,931$2,342,176$11,225,112