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%13%
1 years$134,604$133,405$132,235$131,093$129,978$128,354
2 years$66,636$65,395$64,192$63,026$61,895$60,260
3 years$43,982$42,736$41,536$40,381$39,268$37,675
4 years$32,658$31,416$30,228$29,092$28,007$26,466
5 years$25,865$24,630$23,458$22,346$21,290$19,807
6 years$21,338$20,112$18,958$17,870$16,846$15,422
7 years$18,106$16,890$15,754$14,692$13,700$12,336
8 years$15,683$14,478$13,361$12,325$11,366$10,061
9 years$13,799$12,606$11,507$10,498$9,572$8,326
10 years$12,293$11,111$10,032$9,049$8,156$6,968
11 years$11,061$9,892$8,832$7,876$7,014$5,884
12 years$10,036$8,878$7,839$6,908$6,078$5,004
13 years$9,169$8,023$7,003$6,099$5,300$4,281
14 years$8,426$7,293$6,292$5,414$4,646$3,680
15 years$7,784$6,662$5,681$4,828$4,091$3,176
16 years$7,222$6,113$5,151$4,323$3,616$2,750
17 years$6,726$5,629$4,687$3,884$3,206$2,388
18 years$6,286$5,202$4,279$3,500$2,850$2,079
19 years$5,893$4,821$3,917$3,163$2,541$1,814
20 years$5,540$4,480$3,595$2,865$2,269$1,586
21 years$5,221$4,173$3,306$2,600$2,031$1,388
22 years$4,931$3,895$3,047$2,364$1,820$1,217
23 years$4,666$3,643$2,814$2,153$1,634$1,068
24 years$4,425$3,413$2,602$1,964$1,469$938
25 years$4,202$3,203$2,410$1,793$1,322$825
26 years$3,998$3,011$2,235$1,640$1,190$726
27 years$3,808$2,833$2,076$1,501$1,073$639
28 years$3,633$2,670$1,930$1,375$968$563
29 years$3,470$2,519$1,796$1,261$875$496
30 years$3,318$2,379$1,673$1,157$790$438
31 years$3,176$2,249$1,559$1,063$714$386
32 years$3,043$2,128$1,455$977$646$341
33 years$2,919$2,015$1,358$898$585$301
34 years$2,802$1,910$1,269$826$529$266
35 years$2,692$1,811$1,187$761$480$235
36 years$2,589$1,719$1,110$701$435$207
37 years$2,491$1,633$1,039$646$394$183
38 years$2,399$1,552$973$595$357$162
39 years$2,311$1,476$912$549$324$143
40 years$2,228$1,404$854$506$294$127
41 years$2,150$1,336$801$467$266$112
42 years$2,075$1,273$752$431$242$99
43 years$2,004$1,213$705$398$219$88
44 years$1,937$1,156$662$367$199$77
45 years$1,872$1,102$622$339$181$68
46 years$1,811$1,052$584$313$164$61
47 years$1,752$1,003$548$289$149$54
48 years$1,696$958$515$267$135$47
49 years$1,643$915$484$247$123$42
50 years$1,591$874$455$228$112$37

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 $3,327 every year, while hoping to spend $44,609 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: 50/35/15 Blend
73$1,630,000$1,630,000$1,630,000$1,630,000
74$1,799,692$1,713,302$1,688,037$1,882,106
75$1,935,797$1,749,790$1,697,122$1,975,629
76$2,084,289$1,786,571$1,705,017$2,072,286
77$2,246,386$1,823,612$1,711,634$2,176,339
78$2,423,425$1,860,877$1,716,882$2,288,500
79$2,616,882$1,898,328$1,720,665$2,409,551
80$2,828,379$1,935,921$1,722,883$2,540,356
81$3,059,703$1,973,610$1,723,428$2,681,865
82$3,312,820$2,011,344$1,722,191$2,835,127
83$3,589,898$2,049,071$1,719,055$3,001,298
84$3,893,322$2,086,729$1,713,897$3,181,652
85$4,225,719$2,124,257$1,706,591$3,377,592
86$4,589,982$2,161,585$1,697,001$3,590,668
87$4,989,296$2,198,638$1,684,986$3,822,586
88$5,427,171$2,235,339$1,670,400$4,075,227
89$5,907,471$2,271,599$1,653,088$4,350,666
90$6,434,455$2,307,329$1,632,887$4,651,189
91$7,012,810$2,342,429$1,609,630$4,979,318
92$7,647,701$2,376,793$1,583,137$5,337,833
93$8,344,819$2,410,307$1,553,224$5,729,798
94$9,110,429$2,442,851$1,519,696$6,158,591
95$9,951,436$2,474,295$1,482,350$6,627,938
96$10,875,447$2,504,499$1,440,972$7,141,946
97$11,890,838$2,533,315$1,395,340$7,705,143
98$13,006,842$2,560,586$1,345,222$8,322,520
99$14,233,626$2,586,141$1,290,374$8,999,581
100$15,582,396$2,609,802$1,230,541$9,742,395