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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$137,907$136,679$135,480$134,310$133,168$128,443
2 years$68,271$66,999$65,767$64,572$63,413$58,703
3 years$45,062$43,785$42,556$41,372$40,232$35,685
4 years$33,460$32,186$30,970$29,806$28,694$24,345
5 years$26,500$25,235$24,034$22,894$21,813$17,673
6 years$21,862$20,606$19,423$18,309$17,260$13,332
7 years$18,550$17,305$16,140$15,052$14,037$10,320
8 years$16,068$14,833$13,688$12,627$11,645$8,137
9 years$14,138$12,915$11,790$10,756$9,807$6,502
10 years$12,595$11,384$10,279$9,271$8,356$5,250
11 years$11,333$10,135$9,049$8,069$7,186$4,272
12 years$10,282$9,096$8,031$7,077$6,227$3,498
13 years$9,394$8,220$7,175$6,248$5,430$2,878
14 years$8,633$7,472$6,447$5,547$4,760$2,378
15 years$7,975$6,826$5,821$4,947$4,191$1,971
16 years$7,399$6,263$5,277$4,429$3,704$1,638
17 years$6,891$5,768$4,802$3,980$3,284$1,364
18 years$6,441$5,330$4,384$3,586$2,920$1,138
19 years$6,038$4,939$4,013$3,241$2,603$951
20 years$5,676$4,590$3,683$2,935$2,325$795
21 years$5,349$4,275$3,388$2,664$2,081$666
22 years$5,052$3,991$3,122$2,422$1,865$558
23 years$4,781$3,733$2,883$2,206$1,674$468
24 years$4,533$3,497$2,666$2,012$1,505$393
25 years$4,306$3,282$2,469$1,837$1,354$330
26 years$4,096$3,084$2,290$1,680$1,220$277
27 years$3,902$2,903$2,127$1,538$1,100$233
28 years$3,722$2,735$1,977$1,409$992$196
29 years$3,555$2,580$1,840$1,292$896$164
30 years$3,399$2,437$1,714$1,186$810$138
31 years$3,254$2,304$1,598$1,089$732$116
32 years$3,118$2,180$1,491$1,001$662$98
33 years$2,991$2,064$1,392$920$599$82
34 years$2,871$1,957$1,300$847$542$69
35 years$2,758$1,856$1,216$779$491$58
36 years$2,652$1,761$1,137$718$445$49
37 years$2,552$1,673$1,065$661$403$41
38 years$2,458$1,590$997$610$366$35
39 years$2,368$1,512$934$562$332$29
40 years$2,283$1,438$875$518$301$25
41 years$2,203$1,369$821$478$273$21
42 years$2,126$1,304$770$441$248$17
43 years$2,053$1,242$723$408$225$15
44 years$1,984$1,184$678$376$204$12
45 years$1,918$1,129$637$347$185$10
46 years$1,855$1,077$598$321$168$9
47 years$1,795$1,028$562$297$153$7
48 years$1,738$981$528$274$139$6
49 years$1,683$937$496$253$126$5
50 years$1,631$895$467$234$114$4

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 $6,137 every year, while hoping to spend $56,215 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: 72/19/9 Blend
73$1,670,000$1,670,000$1,670,000$1,670,000
74$1,846,670$1,758,160$1,732,275$1,976,226
75$1,975,218$1,784,498$1,730,494$2,088,977
76$2,114,994$1,810,242$1,726,769$2,204,827
77$2,267,084$1,835,304$1,720,976$2,330,124
78$2,432,682$1,859,589$1,712,984$2,465,785
79$2,613,103$1,882,997$1,702,657$2,612,821
80$2,809,794$1,905,418$1,689,851$2,772,344
81$3,024,348$1,926,739$1,674,416$2,945,582
82$3,258,517$1,946,834$1,656,194$3,133,885
83$3,514,230$1,965,573$1,635,020$3,338,745
84$3,793,611$1,982,816$1,610,723$3,561,800
85$4,098,998$1,998,413$1,583,121$3,804,862
86$4,432,965$2,012,205$1,552,026$4,069,922
87$4,798,348$2,024,022$1,517,238$4,359,177
88$5,198,265$2,033,685$1,478,552$4,675,050
89$5,636,154$2,041,002$1,435,750$5,020,208
90$6,115,800$2,045,769$1,388,605$5,397,592
91$6,641,369$2,047,770$1,336,881$5,810,445
92$7,217,452$2,046,774$1,280,330$6,262,339
93$7,849,103$2,042,536$1,218,692$6,757,212
94$8,541,890$2,034,799$1,151,696$7,299,405
95$9,301,945$2,023,286$1,079,060$7,893,704
96$10,136,022$2,007,706$1,000,487$8,545,380
97$11,051,561$1,987,748$915,668$9,260,248
98$12,056,757$1,963,085$824,280$10,044,715
99$13,160,639$1,933,369$725,986$10,905,843
100$14,373,150$1,898,230$620,433$11,851,417