Can I retire at age 74 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$134,604$133,405$132,235$131,093$129,978$129,376
2 years$66,636$65,395$64,192$63,026$61,895$61,287
3 years$43,982$42,736$41,536$40,381$39,268$38,674
4 years$32,658$31,416$30,228$29,092$28,007$27,430
5 years$25,865$24,630$23,458$22,346$21,290$20,733
6 years$21,338$20,112$18,958$17,870$16,846$16,309
7 years$18,106$16,890$15,754$14,692$13,700$13,184
8 years$15,683$14,478$13,361$12,325$11,366$10,870
9 years$13,799$12,606$11,507$10,498$9,572$9,096
10 years$12,293$11,111$10,032$9,049$8,156$7,700
11 years$11,061$9,892$8,832$7,876$7,014$6,578
12 years$10,036$8,878$7,839$6,908$6,078$5,662
13 years$9,169$8,023$7,003$6,099$5,300$4,903
14 years$8,426$7,293$6,292$5,414$4,646$4,268
15 years$7,784$6,662$5,681$4,828$4,091$3,730
16 years$7,222$6,113$5,151$4,323$3,616$3,273
17 years$6,726$5,629$4,687$3,884$3,206$2,880
18 years$6,286$5,202$4,279$3,500$2,850$2,542
19 years$5,893$4,821$3,917$3,163$2,541$2,248
20 years$5,540$4,480$3,595$2,865$2,269$1,992
21 years$5,221$4,173$3,306$2,600$2,031$1,769
22 years$4,931$3,895$3,047$2,364$1,820$1,573
23 years$4,666$3,643$2,814$2,153$1,634$1,400
24 years$4,425$3,413$2,602$1,964$1,469$1,248
25 years$4,202$3,203$2,410$1,793$1,322$1,114
26 years$3,998$3,011$2,235$1,640$1,190$995
27 years$3,808$2,833$2,076$1,501$1,073$889
28 years$3,633$2,670$1,930$1,375$968$795
29 years$3,470$2,519$1,796$1,261$875$712
30 years$3,318$2,379$1,673$1,157$790$638
31 years$3,176$2,249$1,559$1,063$714$571
32 years$3,043$2,128$1,455$977$646$512
33 years$2,919$2,015$1,358$898$585$460
34 years$2,802$1,910$1,269$826$529$412
35 years$2,692$1,811$1,187$761$480$370
36 years$2,589$1,719$1,110$701$435$332
37 years$2,491$1,633$1,039$646$394$298
38 years$2,399$1,552$973$595$357$268
39 years$2,311$1,476$912$549$324$241
40 years$2,228$1,404$854$506$294$216
41 years$2,150$1,336$801$467$266$194
42 years$2,075$1,273$752$431$242$175
43 years$2,004$1,213$705$398$219$157
44 years$1,937$1,156$662$367$199$141
45 years$1,872$1,102$622$339$181$127
46 years$1,811$1,052$584$313$164$114
47 years$1,752$1,003$548$289$149$103
48 years$1,696$958$515$267$135$92
49 years$1,643$915$484$247$123$83
50 years$1,591$874$455$228$112$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,630,000, adding $4,553 every year, while hoping to spend $29,904 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: 59/13/28 Blend
73$1,630,000$1,630,000$1,630,000$1,630,000
74$1,800,956$1,714,566$1,689,301$1,893,255
75$1,952,836$1,766,763$1,714,075$2,009,064
76$2,119,206$1,820,514$1,738,677$2,131,759
77$2,301,511$1,875,866$1,763,069$2,264,976
78$2,501,345$1,932,863$1,787,212$2,409,744
79$2,720,462$1,991,553$1,811,063$2,567,199
80$2,960,795$2,051,984$1,834,579$2,738,590
81$3,224,471$2,114,207$1,857,712$2,925,296
82$3,513,834$2,178,270$1,880,414$3,128,831
83$3,831,468$2,244,228$1,902,630$3,350,868
84$4,180,215$2,312,133$1,924,306$3,593,247
85$4,563,210$2,382,041$1,945,383$3,857,996
86$4,983,904$2,454,007$1,965,800$4,147,349
87$5,446,099$2,528,090$1,985,490$4,463,766
88$5,953,983$2,604,348$2,004,387$4,809,961
89$6,512,172$2,682,844$2,022,416$5,188,920
90$7,125,749$2,763,638$2,039,502$5,603,935
91$7,800,314$2,846,796$2,055,565$6,058,633
92$8,542,039$2,932,382$2,070,519$6,557,012
93$9,357,722$3,020,464$2,084,277$7,103,475
94$10,254,854$3,111,110$2,096,743$7,702,873
95$11,241,685$3,204,391$2,107,821$8,360,555
96$12,327,310$3,300,379$2,117,406$9,082,412
97$13,521,747$3,399,149$2,125,390$9,874,936
98$14,836,033$3,500,775$2,131,658$10,745,282
99$16,282,330$3,605,335$2,136,091$11,701,333
100$17,874,041$3,712,909$2,138,563$12,751,776