Can I retire at age 74 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$139,559$138,316$137,103$135,919$134,763$131,559
2 years$69,088$67,802$66,555$65,346$64,173$60,963
3 years$45,601$44,309$43,065$41,868$40,714$37,599
4 years$33,860$32,572$31,341$30,163$29,037$26,042
5 years$26,817$25,537$24,322$23,168$22,074$19,206
6 years$22,124$20,853$19,655$18,528$17,466$14,728
7 years$18,772$17,512$16,334$15,233$14,205$11,598
8 years$16,260$15,011$13,852$12,778$11,784$9,307
9 years$14,307$13,070$11,931$10,884$9,924$7,574
10 years$12,745$11,520$10,402$9,382$8,456$6,231
11 years$11,469$10,256$9,157$8,166$7,272$5,169
12 years$10,405$9,205$8,127$7,162$6,302$4,318
13 years$9,507$8,319$7,261$6,323$5,495$3,626
14 years$8,737$7,562$6,524$5,613$4,817$3,058
15 years$8,070$6,908$5,890$5,006$4,241$2,589
16 years$7,487$6,338$5,340$4,482$3,749$2,198
17 years$6,974$5,837$4,860$4,027$3,324$1,871
18 years$6,518$5,393$4,436$3,629$2,955$1,596
19 years$6,110$4,999$4,061$3,279$2,634$1,364
20 years$5,744$4,645$3,727$2,970$2,353$1,168
21 years$5,413$4,327$3,428$2,696$2,106$1,001
22 years$5,112$4,039$3,160$2,451$1,887$859
23 years$4,838$3,777$2,917$2,232$1,694$737
24 years$4,587$3,539$2,698$2,036$1,523$634
25 years$4,357$3,321$2,499$1,859$1,370$545
26 years$4,145$3,121$2,318$1,700$1,234$469
27 years$3,949$2,938$2,152$1,556$1,113$404
28 years$3,767$2,768$2,001$1,426$1,004$348
29 years$3,598$2,611$1,862$1,307$907$300
30 years$3,440$2,466$1,734$1,200$819$258
31 years$3,293$2,331$1,617$1,102$741$223
32 years$3,156$2,206$1,508$1,013$670$192
33 years$3,027$2,089$1,408$931$606$166
34 years$2,905$1,980$1,316$857$549$143
35 years$2,791$1,878$1,230$789$497$123
36 years$2,684$1,782$1,151$726$451$106
37 years$2,583$1,693$1,077$669$408$92
38 years$2,487$1,609$1,009$617$370$79
39 years$2,396$1,530$945$569$336$68
40 years$2,310$1,456$886$525$304$59
41 years$2,229$1,386$831$484$276$51
42 years$2,152$1,320$779$447$251$44
43 years$2,078$1,257$731$412$227$38
44 years$2,008$1,198$686$381$206$33
45 years$1,941$1,143$644$352$187$28
46 years$1,878$1,090$605$325$170$24
47 years$1,817$1,040$569$300$155$21
48 years$1,759$993$534$277$140$18
49 years$1,703$948$502$256$127$16
50 years$1,650$906$472$237$116$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,690,000, adding $6,931 every year, while hoping to spend $45,392 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: 33/46/21 Blend
73$1,690,000$1,690,000$1,690,000$1,690,000
74$1,869,529$1,779,959$1,753,764$1,918,951
75$2,011,925$1,818,881$1,764,219$1,995,290
76$2,167,323$1,858,188$1,773,502$2,072,881
77$2,337,002$1,897,852$1,781,527$2,155,567
78$2,522,371$1,937,840$1,788,202$2,243,825
79$2,724,977$1,978,119$1,793,431$2,338,181
80$2,946,526$2,018,648$1,797,113$2,439,215
81$3,188,897$2,059,388$1,799,142$2,547,567
82$3,454,158$2,100,291$1,799,406$2,663,942
83$3,744,585$2,141,307$1,797,789$2,789,119
84$4,062,685$2,182,384$1,794,167$2,923,958
85$4,411,221$2,223,463$1,788,414$3,069,407
86$4,793,233$2,264,480$1,780,393$3,226,512
87$5,212,070$2,305,367$1,769,963$3,396,428
88$5,671,421$2,346,050$1,756,977$3,580,428
89$6,175,349$2,386,450$1,741,279$3,779,918
90$6,728,329$2,426,480$1,722,707$3,996,449
91$7,335,291$2,466,050$1,701,090$4,231,732
92$8,001,664$2,505,060$1,676,250$4,487,656
93$8,733,430$2,543,404$1,648,000$4,766,304
94$9,537,176$2,580,967$1,616,145$5,069,975
95$10,420,163$2,617,629$1,580,480$5,401,206
96$11,390,385$2,653,259$1,540,792$5,762,795
97$12,456,652$2,687,716$1,496,856$6,157,829
98$13,628,669$2,720,852$1,448,439$6,589,716
99$14,917,126$2,752,507$1,395,295$7,062,214
100$16,333,804$2,782,511$1,337,168$7,579,467