Can I retire at age 74 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$138,733$137,497$136,291$135,115$133,966$132,346
2 years$68,680$67,401$66,161$64,959$63,793$62,164
3 years$45,332$44,047$42,810$41,620$40,473$38,884
4 years$33,660$32,379$31,155$29,985$28,866$27,329
5 years$26,659$25,386$24,178$23,031$21,943$20,464
6 years$21,993$20,729$19,539$18,418$17,363$15,942
7 years$18,661$17,408$16,237$15,143$14,121$12,759
8 years$16,164$14,922$13,770$12,703$11,714$10,412
9 years$14,222$12,993$11,860$10,820$9,865$8,622
10 years$12,670$11,452$10,340$9,327$8,406$7,220
11 years$11,401$10,195$9,103$8,117$7,229$6,100
12 years$10,344$9,151$8,079$7,120$6,265$5,191
13 years$9,450$8,270$7,218$6,286$5,463$4,444
14 years$8,685$7,517$6,485$5,580$4,789$3,822
15 years$8,022$6,867$5,855$4,976$4,216$3,301
16 years$7,443$6,300$5,309$4,456$3,726$2,861
17 years$6,932$5,802$4,831$4,003$3,304$2,486
18 years$6,479$5,361$4,410$3,608$2,938$2,166
19 years$6,074$4,969$4,037$3,260$2,619$1,891
20 years$5,710$4,617$3,705$2,953$2,339$1,654
21 years$5,381$4,301$3,408$2,680$2,093$1,449
22 years$5,082$4,015$3,141$2,436$1,876$1,271
23 years$4,810$3,755$2,900$2,219$1,684$1,116
24 years$4,560$3,518$2,682$2,024$1,514$982
25 years$4,331$3,302$2,484$1,848$1,362$864
26 years$4,120$3,103$2,304$1,690$1,227$761
27 years$3,925$2,920$2,139$1,547$1,106$670
28 years$3,744$2,752$1,989$1,417$998$591
29 years$3,576$2,596$1,851$1,300$901$521
30 years$3,420$2,452$1,724$1,193$814$460
31 years$3,274$2,318$1,607$1,095$736$406
32 years$3,137$2,193$1,500$1,007$666$359
33 years$3,009$2,077$1,400$926$603$317
34 years$2,888$1,968$1,308$852$546$280
35 years$2,775$1,867$1,223$784$494$248
36 years$2,668$1,772$1,144$722$448$219
37 years$2,567$1,683$1,071$665$406$194
38 years$2,472$1,599$1,003$613$368$172
39 years$2,382$1,521$940$565$334$152
40 years$2,297$1,447$881$522$303$134
41 years$2,216$1,377$826$481$275$119
42 years$2,139$1,312$775$444$249$105
43 years$2,066$1,250$727$410$226$93
44 years$1,996$1,191$682$379$205$82
45 years$1,930$1,136$641$350$186$73
46 years$1,866$1,084$602$323$169$65
47 years$1,806$1,034$565$298$154$57
48 years$1,748$987$531$276$140$51
49 years$1,693$943$499$255$127$45
50 years$1,640$901$469$235$115$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,680,000, adding $4,146 every year, while hoping to spend $42,958 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: 72/20/8 Blend
73$1,680,000$1,680,000$1,680,000$1,680,000
74$1,855,637$1,766,597$1,740,557$1,986,510
75$1,999,205$1,807,453$1,753,158$2,114,331
76$2,155,977$1,848,871$1,764,742$2,248,491
77$2,327,254$1,890,834$1,775,229$2,394,188
78$2,514,471$1,933,321$1,784,536$2,552,548
79$2,719,203$1,976,310$1,792,574$2,724,810
80$2,943,187$2,019,775$1,799,251$2,912,339
81$3,188,337$2,063,689$1,804,471$3,116,640
82$3,456,758$2,108,021$1,808,131$3,339,369
83$3,750,770$2,152,735$1,810,125$3,582,349
84$4,072,925$2,197,796$1,810,341$3,847,589
85$4,426,036$2,243,161$1,808,661$4,137,305
86$4,813,202$2,288,786$1,804,961$4,453,932
87$5,237,833$2,334,621$1,799,112$4,800,158
88$5,703,688$2,380,613$1,790,978$5,178,942
89$6,214,905$2,426,705$1,780,417$5,593,544
90$6,776,044$2,472,832$1,767,279$6,047,556
91$7,392,126$2,518,926$1,751,409$6,544,936
92$8,068,684$2,564,915$1,732,642$7,090,044
93$8,811,812$2,610,717$1,710,807$7,687,685
94$9,628,222$2,656,248$1,685,725$8,343,152
95$10,525,311$2,701,414$1,657,207$9,062,280
96$11,511,226$2,746,116$1,625,056$9,851,494
97$12,594,942$2,790,248$1,589,067$10,717,878
98$13,786,349$2,833,693$1,549,024$11,669,237
99$15,096,341$2,876,328$1,504,701$12,714,170
100$16,536,922$2,918,022$1,455,862$13,862,154