Can I retire at age 74 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$129,649$128,494$127,368$126,268$125,194$123,323
2 years$64,183$62,987$61,829$60,706$59,616$57,736
3 years$42,363$41,163$40,007$38,895$37,823$35,991
4 years$31,456$30,259$29,115$28,021$26,976$25,207
5 years$24,913$23,724$22,595$21,523$20,506$18,805
6 years$20,553$19,372$18,260$17,212$16,226$14,595
7 years$17,439$16,269$15,174$14,151$13,196$11,635
8 years$15,105$13,945$12,869$11,871$10,947$9,457
9 years$13,291$12,142$11,084$10,111$9,219$7,798
10 years$11,840$10,702$9,663$8,716$7,855$6,503
11 years$10,654$9,528$8,507$7,586$6,756$5,470
12 years$9,667$8,552$7,550$6,654$5,854$4,635
13 years$8,831$7,728$6,745$5,874$5,105$3,949
14 years$8,116$7,025$6,061$5,214$4,475$3,381
15 years$7,497$6,417$5,472$4,650$3,940$2,906
16 years$6,956$5,888$4,961$4,164$3,482$2,506
17 years$6,479$5,422$4,515$3,741$3,088$2,167
18 years$6,055$5,010$4,121$3,372$2,746$1,879
19 years$5,676$4,644$3,773$3,047$2,447$1,632
20 years$5,336$4,315$3,462$2,759$2,186$1,420
21 years$5,028$4,019$3,185$2,504$1,956$1,238
22 years$4,749$3,752$2,935$2,277$1,753$1,080
23 years$4,495$3,509$2,710$2,074$1,574$943
24 years$4,262$3,288$2,506$1,891$1,415$825
25 years$4,048$3,085$2,321$1,727$1,273$722
26 years$3,850$2,900$2,153$1,579$1,147$632
27 years$3,668$2,729$1,999$1,446$1,034$554
28 years$3,499$2,572$1,859$1,324$933$486
29 years$3,342$2,426$1,730$1,215$842$426
30 years$3,196$2,291$1,611$1,115$761$374
31 years$3,059$2,166$1,502$1,024$688$328
32 years$2,931$2,049$1,401$941$622$288
33 years$2,812$1,941$1,308$865$563$253
34 years$2,699$1,839$1,223$796$510$223
35 years$2,593$1,745$1,143$733$462$196
36 years$2,494$1,656$1,069$675$419$172
37 years$2,399$1,573$1,001$622$379$151
38 years$2,310$1,495$937$573$344$133
39 years$2,226$1,421$878$528$312$117
40 years$2,146$1,352$823$487$283$103
41 years$2,071$1,287$772$450$257$90
42 years$1,999$1,226$724$415$233$80
43 years$1,930$1,168$679$383$211$70
44 years$1,865$1,113$638$354$192$62
45 years$1,803$1,062$599$327$174$54
46 years$1,744$1,013$562$302$158$48
47 years$1,688$967$528$279$144$42
48 years$1,634$923$496$258$130$37
49 years$1,582$881$467$238$118$33
50 years$1,533$842$439$220$108$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,570,000, adding $5,061 every year, while hoping to spend $20,218 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: 54/31/15 Blend
73$1,570,000$1,570,000$1,570,000$1,570,000
74$1,735,360$1,652,150$1,627,815$1,821,900
75$1,890,855$1,711,594$1,660,835$1,940,894
76$2,061,533$1,773,273$1,694,284$2,067,755
77$2,248,921$1,837,275$1,728,154$2,205,382
78$2,454,702$1,903,692$1,762,438$2,354,805
79$2,680,728$1,972,620$1,797,127$2,517,157
80$2,929,042$2,044,158$1,832,210$2,693,684
81$3,201,893$2,118,410$1,867,678$2,885,756
82$3,501,759$2,195,484$1,903,517$3,094,881
83$3,831,369$2,275,494$1,939,715$3,322,719
84$4,193,730$2,358,555$1,976,258$3,571,094
85$4,592,157$2,444,790$2,013,129$3,842,016
86$5,030,299$2,534,327$2,050,311$4,137,696
87$5,512,178$2,627,298$2,087,785$4,460,567
88$6,042,226$2,723,841$2,125,532$4,813,309
89$6,625,325$2,824,101$2,163,529$5,198,870
90$7,266,854$2,928,228$2,201,753$5,620,496
91$7,972,740$3,036,378$2,240,178$6,081,762
92$8,749,513$3,148,714$2,278,778$6,586,602
93$9,604,369$3,265,407$2,317,522$7,139,350
94$10,545,236$3,386,633$2,356,381$7,744,776
95$11,580,850$3,512,578$2,395,319$8,408,134
96$12,720,837$3,643,434$2,434,302$9,135,208
97$13,975,802$3,779,403$2,473,292$9,932,371
98$15,357,434$3,920,693$2,512,247$10,806,638
99$16,878,608$4,067,524$2,551,124$11,765,738
100$18,553,517$4,220,122$2,589,876$12,818,181