Can I retire at age 74 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$146,165$144,863$143,593$142,353$141,142$138,067
2 years$72,359$71,011$69,705$68,439$67,211$64,128
3 years$47,760$46,407$45,104$43,849$42,641$39,647
4 years$35,463$34,114$32,824$31,591$30,412$27,530
5 years$28,087$26,746$25,473$24,265$23,119$20,356
6 years$23,171$21,840$20,586$19,405$18,293$15,653
7 years$19,661$18,341$17,107$15,954$14,877$12,361
8 years$17,030$15,722$14,508$13,383$12,342$9,948
9 years$14,984$13,689$12,496$11,400$10,394$8,121
10 years$13,349$12,066$10,894$9,827$8,856$6,701
11 years$12,012$10,741$9,591$8,552$7,616$5,577
12 years$10,898$9,641$8,512$7,501$6,600$4,673
13 years$9,957$8,713$7,605$6,623$5,756$3,938
14 years$9,150$7,920$6,833$5,879$5,045$3,333
15 years$8,452$7,235$6,169$5,243$4,442$2,831
16 years$7,842$6,638$5,593$4,694$3,926$2,413
17 years$7,304$6,113$5,090$4,218$3,481$2,061
18 years$6,826$5,649$4,646$3,801$3,095$1,765
19 years$6,399$5,235$4,253$3,435$2,759$1,514
20 years$6,016$4,865$3,904$3,111$2,464$1,301
21 years$5,669$4,531$3,590$2,823$2,205$1,119
22 years$5,354$4,230$3,309$2,567$1,977$964
23 years$5,067$3,956$3,055$2,338$1,774$831
24 years$4,805$3,707$2,826$2,132$1,595$717
25 years$4,563$3,478$2,617$1,947$1,435$619
26 years$4,341$3,269$2,427$1,780$1,293$535
27 years$4,135$3,077$2,254$1,630$1,166$462
28 years$3,945$2,899$2,095$1,493$1,052$400
29 years$3,768$2,735$1,950$1,369$950$346
30 years$3,603$2,583$1,816$1,257$858$299
31 years$3,449$2,442$1,693$1,154$776$259
32 years$3,305$2,310$1,580$1,061$702$224
33 years$3,170$2,188$1,475$975$635$194
34 years$3,043$2,074$1,378$897$575$168
35 years$2,924$1,967$1,289$826$521$146
36 years$2,811$1,867$1,205$761$472$126
37 years$2,705$1,773$1,128$701$428$109
38 years$2,605$1,685$1,057$646$388$95
39 years$2,510$1,602$990$596$352$82
40 years$2,420$1,524$928$550$319$71
41 years$2,335$1,451$870$507$289$62
42 years$2,253$1,382$816$468$263$54
43 years$2,176$1,317$766$432$238$46
44 years$2,103$1,255$719$399$216$40
45 years$2,033$1,197$675$368$196$35
46 years$1,966$1,142$634$340$178$30
47 years$1,903$1,090$596$314$162$26
48 years$1,842$1,040$560$290$147$23
49 years$1,784$993$526$268$134$20
50 years$1,728$949$495$248$121$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,770,000, adding $5,384 every year, while hoping to spend $24,657 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$1,770,000$1,770,000$1,770,000$1,770,000
74$1,956,094$1,862,284$1,834,849$2,093,407
75$2,129,380$1,927,301$1,870,081$2,249,861
76$2,319,516$1,994,677$1,905,668$2,417,532
77$2,528,193$2,064,503$1,941,594$2,600,437
78$2,757,275$2,136,870$1,977,844$2,800,071
79$3,008,818$2,211,877$2,014,402$3,018,082
80$3,285,081$2,289,623$2,051,249$3,256,284
81$3,588,559$2,370,214$2,088,365$3,516,673
82$3,921,996$2,453,759$2,125,730$3,801,448
83$4,288,417$2,540,371$2,163,319$4,113,028
84$4,691,154$2,630,167$2,201,108$4,454,078
85$5,133,878$2,723,271$2,239,071$4,827,534
86$5,620,632$2,819,810$2,277,179$5,236,627
87$6,155,873$2,919,917$2,315,401$5,684,916
88$6,744,509$3,023,730$2,353,704$6,176,320
89$7,391,950$3,131,394$2,392,054$6,715,157
90$8,104,154$3,243,057$2,430,413$7,306,181
91$8,887,686$3,358,876$2,468,740$7,954,629
92$9,749,782$3,479,012$2,506,995$8,666,269
93$10,698,411$3,603,636$2,545,131$9,447,456
94$11,742,356$3,732,921$2,583,100$10,305,187
95$12,891,294$3,867,052$2,620,851$11,247,173
96$14,155,887$4,006,218$2,658,331$12,281,907
97$15,547,884$4,150,619$2,695,481$13,418,744
98$17,080,229$4,300,460$2,732,240$14,667,993
99$18,767,187$4,455,957$2,768,545$16,041,006
100$20,624,474$4,617,334$2,804,326$17,550,294