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%13.9%
1 years$123,043$121,947$120,878$119,834$118,815$116,894
2 years$60,912$59,778$58,678$57,612$56,578$54,649
3 years$40,205$39,065$37,969$36,913$35,896$34,017
4 years$29,853$28,717$27,632$26,594$25,601$23,788
5 years$23,644$22,515$21,443$20,426$19,462$17,719
6 years$19,505$18,385$17,329$16,335$15,399$13,730
7 years$16,551$15,440$14,401$13,430$12,524$10,927
8 years$14,336$13,235$12,213$11,266$10,390$8,866
9 years$12,614$11,523$10,519$9,596$8,750$7,298
10 years$11,237$10,157$9,171$8,272$7,455$6,075
11 years$10,111$9,042$8,074$7,199$6,412$5,101
12 years$9,174$8,116$7,165$6,315$5,556$4,313
13 years$8,381$7,334$6,402$5,575$4,845$3,668
14 years$7,703$6,667$5,752$4,949$4,247$3,134
15 years$7,115$6,090$5,193$4,413$3,740$2,688
16 years$6,601$5,588$4,708$3,952$3,305$2,313
17 years$6,148$5,146$4,284$3,551$2,930$1,996
18 years$5,746$4,755$3,911$3,200$2,606$1,727
19 years$5,387$4,407$3,580$2,891$2,322$1,497
20 years$5,064$4,095$3,286$2,619$2,074$1,299
21 years$4,772$3,815$3,022$2,377$1,856$1,130
22 years$4,507$3,561$2,786$2,161$1,664$984
23 years$4,266$3,330$2,572$1,968$1,494$857
24 years$4,045$3,120$2,379$1,795$1,343$748
25 years$3,841$2,928$2,203$1,639$1,208$653
26 years$3,654$2,752$2,043$1,499$1,088$570
27 years$3,481$2,590$1,897$1,372$981$499
28 years$3,321$2,441$1,764$1,257$885$436
29 years$3,172$2,302$1,641$1,153$799$382
30 years$3,033$2,174$1,529$1,058$722$334
31 years$2,903$2,055$1,425$972$653$293
32 years$2,782$1,945$1,330$893$591$256
33 years$2,668$1,842$1,242$821$535$225
34 years$2,562$1,746$1,160$755$484$197
35 years$2,461$1,656$1,085$695$438$173
36 years$2,366$1,572$1,015$640$397$151
37 years$2,277$1,493$950$590$360$133
38 years$2,193$1,418$889$544$326$116
39 years$2,113$1,349$833$502$296$102
40 years$2,037$1,283$781$463$268$90
41 years$1,965$1,222$732$427$244$79
42 years$1,897$1,163$687$394$221$69
43 years$1,832$1,108$645$364$201$61
44 years$1,770$1,057$605$336$182$53
45 years$1,711$1,008$568$310$165$47
46 years$1,655$961$534$286$150$41
47 years$1,602$917$501$265$136$36
48 years$1,551$876$471$244$124$32
49 years$1,502$836$443$226$112$28
50 years$1,455$799$416$209$102$24

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 $5,700 every year, while hoping to spend $31,540 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: 44/48/8 Blend
73$1,490,000$1,490,000$1,490,000$1,490,000
74$1,647,860$1,568,890$1,545,795$1,716,370
75$1,782,383$1,612,207$1,564,020$1,807,719
76$1,929,571$1,656,590$1,581,800$1,902,980
77$2,090,681$1,702,057$1,599,084$2,005,499
78$2,267,100$1,748,627$1,615,823$2,115,954
79$2,460,353$1,796,319$1,631,962$2,235,090
80$2,672,122$1,845,151$1,647,446$2,363,725
81$2,904,257$1,895,142$1,662,213$2,502,763
82$3,158,796$1,946,309$1,676,202$2,653,194
83$3,437,985$1,998,669$1,689,347$2,816,112
84$3,744,296$2,052,241$1,701,577$2,992,718
85$4,080,453$2,107,040$1,712,819$3,184,335
86$4,449,457$2,163,083$1,722,996$3,392,421
87$4,854,613$2,220,385$1,732,027$3,618,578
88$5,299,561$2,278,961$1,739,828$3,864,572
89$5,788,311$2,338,825$1,746,307$4,132,349
90$6,325,282$2,399,991$1,751,372$4,424,048
91$6,915,341$2,462,471$1,754,923$4,742,029
92$7,563,850$2,526,276$1,756,857$5,088,888
93$8,276,716$2,591,416$1,757,064$5,467,487
94$9,060,446$2,657,901$1,755,431$5,880,975
95$9,922,212$2,725,739$1,751,838$6,332,823
96$10,869,912$2,794,934$1,746,159$6,826,856
97$11,912,250$2,865,493$1,738,263$7,367,283
98$13,058,815$2,937,417$1,728,010$7,958,746
99$14,320,172$3,010,709$1,715,256$8,606,356
100$15,707,962$3,085,367$1,699,850$9,315,744