Can I retire at age 74 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$123,869$122,765$121,689$120,638$119,612$118,166
2 years$61,321$60,179$59,072$57,999$56,958$55,503
3 years$40,475$39,328$38,224$37,161$36,137$34,718
4 years$30,053$28,910$27,817$26,772$25,773$24,401
5 years$23,802$22,666$21,587$20,564$19,592$18,271
6 years$19,636$18,508$17,446$16,445$15,503$14,234
7 years$16,662$15,543$14,497$13,520$12,608$11,392
8 years$14,432$13,323$12,295$11,342$10,459$9,297
9 years$12,698$11,600$10,590$9,661$8,808$7,698
10 years$11,312$10,225$9,232$8,328$7,505$6,446
11 years$10,179$9,103$8,128$7,247$6,455$5,447
12 years$9,236$8,170$7,213$6,357$5,593$4,635
13 years$8,438$7,384$6,445$5,612$4,878$3,968
14 years$7,754$6,711$5,791$4,982$4,276$3,413
15 years$7,163$6,131$5,228$4,443$3,765$2,947
16 years$6,646$5,625$4,740$3,978$3,327$2,554
17 years$6,190$5,181$4,313$3,574$2,950$2,220
18 years$5,785$4,787$3,937$3,221$2,623$1,934
19 years$5,423$4,437$3,605$2,911$2,338$1,689
20 years$5,098$4,123$3,308$2,636$2,088$1,477
21 years$4,804$3,840$3,043$2,393$1,869$1,294
22 years$4,537$3,585$2,804$2,175$1,675$1,135
23 years$4,294$3,353$2,589$1,981$1,504$997
24 years$4,072$3,141$2,395$1,807$1,352$876
25 years$3,867$2,948$2,218$1,650$1,216$771
26 years$3,679$2,770$2,057$1,509$1,096$679
27 years$3,505$2,607$1,910$1,381$988$599
28 years$3,343$2,457$1,776$1,265$891$528
29 years$3,193$2,318$1,652$1,160$805$466
30 years$3,053$2,189$1,539$1,065$727$411
31 years$2,923$2,069$1,435$978$657$363
32 years$2,801$1,958$1,339$899$595$321
33 years$2,686$1,854$1,250$827$538$283
34 years$2,579$1,757$1,168$761$487$250
35 years$2,478$1,667$1,092$700$441$221
36 years$2,382$1,582$1,022$645$400$196
37 years$2,292$1,503$956$594$362$173
38 years$2,207$1,428$895$548$329$153
39 years$2,127$1,358$839$505$298$135
40 years$2,051$1,292$786$466$270$120
41 years$1,978$1,230$737$430$245$106
42 years$1,910$1,171$692$397$222$94
43 years$1,844$1,116$649$366$202$83
44 years$1,782$1,064$609$338$183$74
45 years$1,723$1,014$572$312$166$65
46 years$1,666$968$537$288$151$58
47 years$1,613$923$505$266$137$51
48 years$1,561$882$474$246$125$45
49 years$1,512$842$446$227$113$40
50 years$1,465$804$419$210$103$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,500,000, adding $3,731 every year, while hoping to spend $59,844 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: 56/21/23 Blend
73$1,500,000$1,500,000$1,500,000$1,500,000
74$1,656,849$1,577,349$1,554,099$1,739,076
75$1,762,174$1,590,965$1,542,487$1,809,386
76$1,876,236$1,603,243$1,528,481$1,879,302
77$1,999,864$1,614,054$1,511,937$1,954,200
78$2,133,968$1,623,260$1,492,705$2,034,575
79$2,279,549$1,630,716$1,470,627$2,120,976
80$2,437,709$1,636,267$1,445,539$2,214,009
81$2,609,659$1,639,748$1,417,268$2,314,345
82$2,796,732$1,640,984$1,385,634$2,422,726
83$3,000,394$1,639,788$1,350,449$2,539,970
84$3,222,259$1,635,962$1,311,514$2,666,983
85$3,464,104$1,629,298$1,268,623$2,804,766
86$3,727,881$1,619,572$1,221,561$2,954,424
87$4,015,742$1,606,549$1,170,101$3,117,180
88$4,330,055$1,589,977$1,114,007$3,294,383
89$4,673,427$1,569,592$1,053,031$3,487,525
90$5,048,725$1,545,111$986,917$3,698,253
91$5,459,111$1,516,237$915,395$3,928,388
92$5,908,062$1,482,654$838,182$4,179,940
93$6,399,407$1,444,027$754,984$4,455,129
94$6,937,364$1,400,002$665,494$4,756,406
95$7,526,578$1,350,205$569,390$5,086,478
96$8,172,161$1,294,237$466,337$5,448,336
97$8,879,747$1,231,681$355,985$5,845,279
98$9,655,539$1,162,090$237,968$6,280,950
99$10,506,368$1,084,997$111,904$6,759,372
100$11,439,760$999,904$0$7,284,985