Can I retire at age 74 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$148,642$147,318$146,027$144,766$143,535$141,506
2 years$73,585$72,215$70,887$69,599$68,350$66,310
3 years$48,570$47,193$45,868$44,593$43,364$41,377
4 years$36,064$34,692$33,380$32,127$30,928$29,008
5 years$28,563$27,199$25,905$24,676$23,511$21,664
6 years$23,564$22,210$20,935$19,734$18,603$16,832
7 years$19,994$18,652$17,397$16,224$15,129$13,434
8 years$17,318$15,988$14,754$13,610$12,551$10,931
9 years$15,238$13,921$12,708$11,593$10,570$9,025
10 years$13,575$12,270$11,079$9,993$9,006$7,535
11 years$12,215$10,924$9,754$8,697$7,746$6,346
12 years$11,083$9,804$8,656$7,628$6,712$5,383
13 years$10,125$8,860$7,734$6,735$5,853$4,593
14 years$9,305$8,054$6,949$5,978$5,131$3,938
15 years$8,595$7,357$6,274$5,332$4,518$3,389
16 years$7,975$6,750$5,688$4,774$3,993$2,927
17 years$7,428$6,217$5,176$4,289$3,540$2,535
18 years$6,942$5,744$4,725$3,866$3,148$2,201
19 years$6,508$5,324$4,325$3,493$2,806$1,914
20 years$6,118$4,947$3,970$3,163$2,506$1,668
21 years$5,765$4,608$3,651$2,871$2,243$1,456
22 years$5,445$4,302$3,365$2,610$2,010$1,272
23 years$5,153$4,023$3,107$2,377$1,804$1,113
24 years$4,886$3,769$2,874$2,168$1,622$975
25 years$4,641$3,537$2,662$1,980$1,459$854
26 years$4,415$3,325$2,468$1,811$1,315$750
27 years$4,206$3,129$2,292$1,657$1,185$658
28 years$4,012$2,948$2,131$1,518$1,069$578
29 years$3,832$2,781$1,983$1,392$966$508
30 years$3,664$2,627$1,847$1,278$873$446
31 years$3,507$2,483$1,722$1,174$789$392
32 years$3,361$2,350$1,607$1,079$714$345
33 years$3,224$2,225$1,500$992$646$304
34 years$3,095$2,109$1,402$913$585$267
35 years$2,973$2,000$1,310$840$530$235
36 years$2,859$1,898$1,226$774$480$207
37 years$2,751$1,803$1,147$713$435$183
38 years$2,649$1,714$1,074$657$394$161
39 years$2,552$1,629$1,007$606$358$142
40 years$2,461$1,550$944$559$324$125
41 years$2,374$1,476$885$516$294$110
42 years$2,292$1,405$830$476$267$97
43 years$2,213$1,339$779$439$242$85
44 years$2,139$1,276$731$406$220$75
45 years$2,068$1,217$686$375$200$66
46 years$2,000$1,161$645$346$181$58
47 years$1,935$1,108$606$320$165$52
48 years$1,873$1,058$569$295$149$45
49 years$1,814$1,010$535$273$136$40
50 years$1,757$965$503$252$123$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,800,000, adding $4,395 every year, while hoping to spend $51,175 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: 54/22/24 Blend
73$1,800,000$1,800,000$1,800,000$1,800,000
74$1,988,133$1,892,733$1,864,833$2,082,122
75$2,136,473$1,931,028$1,872,856$2,185,582
76$2,298,229$1,969,483$1,879,431$2,292,472
77$2,474,714$2,008,053$1,884,458$2,407,774
78$2,667,375$2,046,689$1,887,828$2,532,310
79$2,877,806$2,085,335$1,889,429$2,666,988
80$3,107,759$2,123,933$1,889,142$2,812,808
81$3,359,165$2,162,420$1,886,842$2,970,874
82$3,634,147$2,200,727$1,882,399$3,142,402
83$3,935,047$2,238,779$1,875,676$3,328,733
84$4,264,441$2,276,498$1,866,530$3,531,347
85$4,625,165$2,313,798$1,854,810$3,751,876
86$5,020,344$2,350,586$1,840,359$3,992,117
87$5,453,420$2,386,765$1,823,011$4,254,056
88$5,928,180$2,422,228$1,802,593$4,539,880
89$6,448,799$2,456,862$1,778,925$4,852,002
90$7,019,873$2,490,545$1,751,816$5,193,082
91$7,646,466$2,523,147$1,721,067$5,566,054
92$8,334,154$2,554,530$1,686,471$5,974,153
93$9,089,080$2,584,545$1,647,811$6,420,946
94$9,918,012$2,613,033$1,604,858$6,910,369
95$10,828,402$2,639,825$1,557,374$7,446,757
96$11,828,463$2,664,740$1,505,110$8,034,896
97$12,927,241$2,687,586$1,447,805$8,680,058
98$14,134,700$2,708,159$1,385,188$9,388,060
99$15,461,820$2,726,240$1,316,972$10,165,314
100$16,920,696$2,741,595$1,242,861$11,018,890