Can I retire at age 74 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$147,817$146,500$145,215$143,961$142,737$141,246
2 years$73,176$71,814$70,493$69,212$67,970$66,469
3 years$48,300$46,931$45,614$44,345$43,123$41,658
4 years$35,864$34,499$33,195$31,948$30,756$29,338
5 years$28,404$27,048$25,761$24,539$23,380$22,014
6 years$23,433$22,087$20,818$19,624$18,500$17,187
7 years$19,883$18,548$17,300$16,134$15,045$13,786
8 years$17,222$15,899$14,672$13,534$12,482$11,276
9 years$15,153$13,843$12,637$11,528$10,511$9,359
10 years$13,500$12,202$11,017$9,938$8,956$7,856
11 years$12,147$10,863$9,699$8,649$7,703$6,654
12 years$11,021$9,750$8,608$7,586$6,675$5,677
13 years$10,069$8,811$7,691$6,697$5,821$4,872
14 years$9,254$8,009$6,910$5,945$5,102$4,202
15 years$8,548$7,316$6,239$5,302$4,492$3,639
16 years$7,930$6,713$5,656$4,747$3,970$3,162
17 years$7,386$6,182$5,147$4,265$3,520$2,756
18 years$6,903$5,713$4,699$3,844$3,130$2,408
19 years$6,472$5,294$4,301$3,473$2,790$2,109
20 years$6,084$4,920$3,948$3,146$2,492$1,850
21 years$5,733$4,583$3,631$2,855$2,230$1,625
22 years$5,415$4,278$3,347$2,596$1,999$1,430
23 years$5,125$4,001$3,090$2,364$1,794$1,260
24 years$4,859$3,748$2,858$2,156$1,613$1,111
25 years$4,615$3,518$2,647$1,969$1,451$981
26 years$4,390$3,306$2,455$1,801$1,307$866
27 years$4,182$3,111$2,279$1,648$1,179$766
28 years$3,990$2,932$2,119$1,510$1,064$678
29 years$3,810$2,766$1,972$1,385$960$600
30 years$3,644$2,612$1,837$1,271$868$531
31 years$3,488$2,469$1,712$1,167$785$471
32 years$3,342$2,336$1,598$1,073$710$417
33 years$3,206$2,213$1,492$986$642$370
34 years$3,077$2,097$1,394$908$581$328
35 years$2,957$1,989$1,303$835$527$291
36 years$2,843$1,888$1,219$769$477$258
37 years$2,736$1,793$1,141$709$432$229
38 years$2,634$1,704$1,069$653$392$203
39 years$2,538$1,620$1,001$602$356$180
40 years$2,447$1,542$938$556$323$160
41 years$2,361$1,468$880$513$293$142
42 years$2,279$1,398$825$473$265$126
43 years$2,201$1,332$774$437$241$112
44 years$2,127$1,269$727$403$219$100
45 years$2,056$1,210$683$372$199$89
46 years$1,989$1,155$641$344$180$79
47 years$1,924$1,102$602$318$164$70
48 years$1,863$1,052$566$294$149$62
49 years$1,804$1,005$532$271$135$55
50 years$1,748$960$500$251$123$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,790,000, adding $4,093 every year, while hoping to spend $29,277 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: 68/24/8 Blend
73$1,790,000$1,790,000$1,790,000$1,790,000
74$1,976,802$1,881,932$1,854,187$2,108,082
75$2,147,285$1,942,996$1,885,152$2,256,733
76$2,334,177$2,006,071$1,916,173$2,415,309
77$2,539,119$2,071,225$1,947,220$2,587,939
78$2,763,921$2,138,527$1,978,264$2,775,995
79$3,010,576$2,208,050$2,009,271$2,980,986
80$3,281,279$2,279,869$2,040,206$3,204,572
81$3,578,448$2,354,061$2,071,032$3,448,581
82$3,904,746$2,430,706$2,101,708$3,715,028
83$4,263,108$2,509,888$2,132,192$4,006,127
84$4,656,765$2,591,692$2,162,441$4,324,319
85$5,089,277$2,676,208$2,192,405$4,672,291
86$5,564,568$2,763,527$2,222,035$5,053,000
87$6,086,958$2,853,744$2,251,278$5,469,705
88$6,661,209$2,946,958$2,280,076$5,925,993
89$7,292,565$3,043,272$2,308,371$6,425,816
90$7,986,804$3,142,789$2,336,099$6,973,525
91$8,750,293$3,245,621$2,363,194$7,573,913
92$9,590,046$3,351,880$2,389,584$8,232,259
93$10,513,791$3,461,683$2,415,196$8,954,378
94$11,530,044$3,575,151$2,439,951$9,746,675
95$12,648,186$3,692,411$2,463,766$10,616,204
96$13,878,553$3,813,592$2,486,555$11,570,738
97$15,232,536$3,938,828$2,508,225$12,618,837
98$16,722,684$4,068,260$2,528,680$13,769,934
99$18,362,825$4,202,032$2,547,818$15,034,419
100$20,168,194$4,340,292$2,565,531$16,423,736