Can I retire at age 74 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$137,907$136,679$135,480$134,310$133,168$130,908
2 years$68,271$66,999$65,767$64,572$63,413$61,143
3 years$45,062$43,785$42,556$41,372$40,232$38,023
4 years$33,460$32,186$30,970$29,806$28,694$26,562
5 years$26,500$25,235$24,034$22,894$21,813$19,765
6 years$21,862$20,606$19,423$18,309$17,260$15,298
7 years$18,550$17,305$16,140$15,052$14,037$12,162
8 years$16,068$14,833$13,688$12,627$11,645$9,857
9 years$14,138$12,915$11,790$10,756$9,807$8,104
10 years$12,595$11,384$10,279$9,271$8,356$6,737
11 years$11,333$10,135$9,049$8,069$7,186$5,650
12 years$10,282$9,096$8,031$7,077$6,227$4,771
13 years$9,394$8,220$7,175$6,248$5,430$4,052
14 years$8,633$7,472$6,447$5,547$4,760$3,457
15 years$7,975$6,826$5,821$4,947$4,191$2,962
16 years$7,399$6,263$5,277$4,429$3,704$2,545
17 years$6,891$5,768$4,802$3,980$3,284$2,193
18 years$6,441$5,330$4,384$3,586$2,920$1,894
19 years$6,038$4,939$4,013$3,241$2,603$1,640
20 years$5,676$4,590$3,683$2,935$2,325$1,421
21 years$5,349$4,275$3,388$2,664$2,081$1,234
22 years$5,052$3,991$3,122$2,422$1,865$1,073
23 years$4,781$3,733$2,883$2,206$1,674$933
24 years$4,533$3,497$2,666$2,012$1,505$813
25 years$4,306$3,282$2,469$1,837$1,354$709
26 years$4,096$3,084$2,290$1,680$1,220$618
27 years$3,902$2,903$2,127$1,538$1,100$539
28 years$3,722$2,735$1,977$1,409$992$471
29 years$3,555$2,580$1,840$1,292$896$412
30 years$3,399$2,437$1,714$1,186$810$360
31 years$3,254$2,304$1,598$1,089$732$315
32 years$3,118$2,180$1,491$1,001$662$275
33 years$2,991$2,064$1,392$920$599$241
34 years$2,871$1,957$1,300$847$542$211
35 years$2,758$1,856$1,216$779$491$184
36 years$2,652$1,761$1,137$718$445$161
37 years$2,552$1,673$1,065$661$403$141
38 years$2,458$1,590$997$610$366$124
39 years$2,368$1,512$934$562$332$108
40 years$2,283$1,438$875$518$301$95
41 years$2,203$1,369$821$478$273$83
42 years$2,126$1,304$770$441$248$73
43 years$2,053$1,242$723$408$225$64
44 years$1,984$1,184$678$376$204$56
45 years$1,918$1,129$637$347$185$49
46 years$1,855$1,077$598$321$168$43
47 years$1,795$1,028$562$297$153$38
48 years$1,738$981$528$274$139$33
49 years$1,683$937$496$253$126$29
50 years$1,631$895$467$234$114$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,670,000, adding $2,327 every year, while hoping to spend $49,090 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: 65/25/10 Blend
73$1,670,000$1,670,000$1,670,000$1,670,000
74$1,842,740$1,754,230$1,728,345$1,958,430
75$1,978,468$1,787,956$1,734,013$2,069,556
76$2,126,396$1,821,689$1,738,226$2,184,933
77$2,287,714$1,855,378$1,740,883$2,309,734
78$2,463,737$1,888,968$1,741,878$2,444,874
79$2,655,908$1,922,397$1,741,101$2,591,361
80$2,865,818$1,955,602$1,738,435$2,750,304
81$3,095,217$1,988,512$1,733,759$2,922,928
82$3,346,033$2,021,054$1,726,944$3,110,580
83$3,620,389$2,053,145$1,717,857$3,314,745
84$3,920,620$2,084,701$1,706,357$3,537,060
85$4,249,300$2,115,628$1,692,296$3,779,329
86$4,609,261$2,145,826$1,675,521$4,043,539
87$5,003,624$2,175,190$1,655,869$4,331,880
88$5,435,826$2,203,606$1,633,172$4,646,768
89$5,909,649$2,230,952$1,607,253$4,990,862
90$6,429,263$2,257,098$1,577,925$5,367,095
91$6,999,257$2,281,906$1,544,995$5,778,699
92$7,624,688$2,305,226$1,508,260$6,229,236
93$8,311,126$2,326,902$1,467,506$6,722,632
94$9,064,705$2,346,764$1,422,512$7,263,215
95$9,892,183$2,364,634$1,373,044$7,855,754
96$10,801,005$2,380,320$1,318,860$8,505,508
97$11,799,371$2,393,619$1,259,705$9,218,270
98$12,896,315$2,404,314$1,195,314$10,000,427
99$14,101,789$2,412,176$1,125,407$10,859,021
100$15,426,759$2,416,960$1,049,695$11,801,810