Can I retire at age 74 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$141,210$139,952$138,725$137,527$136,358$134,822
2 years$69,906$68,604$67,342$66,119$64,932$63,386
3 years$46,141$44,834$43,575$42,363$41,196$39,687
4 years$34,261$32,957$31,711$30,520$29,381$27,922
5 years$27,135$25,839$24,609$23,442$22,335$20,929
6 years$22,385$21,099$19,888$18,747$17,673$16,322
7 years$18,994$17,719$16,527$15,413$14,373$13,078
8 years$16,452$15,189$14,016$12,930$11,924$10,685
9 years$14,476$13,225$12,072$11,013$10,041$8,858
10 years$12,896$11,657$10,525$9,493$8,556$7,427
11 years$11,604$10,377$9,266$8,262$7,358$6,283
12 years$10,529$9,314$8,223$7,247$6,377$5,353
13 years$9,619$8,417$7,347$6,398$5,560$4,588
14 years$8,840$7,651$6,601$5,679$4,874$3,952
15 years$8,166$6,989$5,960$5,065$4,292$3,418
16 years$7,576$6,413$5,404$4,535$3,793$2,966
17 years$7,056$5,906$4,917$4,075$3,363$2,581
18 years$6,595$5,457$4,489$3,672$2,990$2,252
19 years$6,182$5,058$4,109$3,318$2,665$1,969
20 years$5,812$4,700$3,771$3,005$2,381$1,725
21 years$5,477$4,378$3,469$2,727$2,131$1,513
22 years$5,173$4,086$3,197$2,480$1,910$1,330
23 years$4,895$3,822$2,952$2,258$1,714$1,170
24 years$4,642$3,581$2,730$2,060$1,541$1,030
25 years$4,409$3,361$2,529$1,881$1,386$908
26 years$4,194$3,158$2,345$1,720$1,249$801
27 years$3,995$2,972$2,178$1,574$1,126$707
28 years$3,811$2,801$2,024$1,443$1,016$624
29 years$3,640$2,642$1,884$1,323$917$551
30 years$3,481$2,495$1,755$1,214$829$488
31 years$3,332$2,359$1,636$1,115$749$431
32 years$3,193$2,232$1,526$1,025$678$382
33 years$3,062$2,114$1,425$942$614$338
34 years$2,940$2,003$1,332$867$555$299
35 years$2,825$1,900$1,245$798$503$265
36 years$2,716$1,804$1,165$735$456$235
37 years$2,613$1,713$1,090$677$413$208
38 years$2,516$1,628$1,021$624$375$184
39 years$2,425$1,548$956$576$340$163
40 years$2,338$1,473$896$531$308$145
41 years$2,255$1,402$841$490$280$128
42 years$2,177$1,335$788$452$254$114
43 years$2,103$1,272$740$417$230$101
44 years$2,032$1,213$694$385$209$89
45 years$1,964$1,156$652$356$190$79
46 years$1,900$1,103$612$329$172$70
47 years$1,838$1,053$575$304$156$62
48 years$1,780$1,005$541$281$142$55
49 years$1,723$960$508$259$129$49
50 years$1,670$917$478$240$117$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,710,000, adding $6,361 every year, while hoping to spend $49,403 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: 63/19/18 Blend
73$1,710,000$1,710,000$1,710,000$1,710,000
74$1,890,981$1,800,351$1,773,846$2,001,127
75$2,031,297$1,836,004$1,780,706$2,111,631
76$2,184,269$1,871,748$1,786,139$2,226,100
77$2,351,137$1,907,536$1,790,047$2,349,945
78$2,533,263$1,943,315$1,792,324$2,484,083
79$2,732,148$1,979,030$1,792,859$2,629,524
80$2,949,446$2,014,621$1,791,538$2,787,382
81$3,186,974$2,050,023$1,788,240$2,958,885
82$3,446,736$2,085,164$1,782,836$3,145,385
83$3,730,936$2,119,971$1,775,195$3,348,373
84$4,042,003$2,154,360$1,765,175$3,569,493
85$4,382,610$2,188,246$1,752,631$3,810,557
86$4,755,700$2,221,535$1,737,408$4,073,562
87$5,164,517$2,254,126$1,719,347$4,360,708
88$5,612,631$2,285,911$1,698,278$4,674,423
89$6,103,975$2,316,776$1,674,026$5,017,380
90$6,642,879$2,346,597$1,646,404$5,392,529
91$7,234,115$2,375,242$1,615,222$5,803,119
92$7,882,938$2,402,572$1,580,274$6,252,733
93$8,595,135$2,428,436$1,541,351$6,745,320
94$9,377,083$2,452,673$1,498,230$7,285,234
95$10,235,804$2,475,113$1,450,680$7,877,275
96$11,179,037$2,495,574$1,398,458$8,526,731
97$12,215,303$2,513,861$1,341,311$9,239,436
98$13,353,992$2,529,769$1,278,973$10,021,817
99$14,605,449$2,543,077$1,211,168$10,880,961
100$15,981,069$2,553,552$1,137,606$11,824,679