Can I retire at age 74 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$150,294$148,955$147,649$146,374$145,129$142,902
2 years$74,403$73,017$71,674$70,372$69,109$66,870
3 years$49,109$47,718$46,378$45,088$43,846$41,665
4 years$36,465$35,077$33,751$32,483$31,271$29,166
5 years$28,880$27,501$26,192$24,950$23,772$21,748
6 years$23,825$22,457$21,167$19,953$18,810$16,869
7 years$20,216$18,859$17,590$16,405$15,297$13,441
8 years$17,511$16,166$14,918$13,761$12,691$10,918
9 years$15,407$14,075$12,849$11,722$10,687$8,998
10 years$13,726$12,407$11,202$10,104$9,106$7,499
11 years$12,351$11,045$9,862$8,794$7,832$6,304
12 years$11,206$9,913$8,752$7,713$6,787$5,337
13 years$10,238$8,959$7,820$6,810$5,918$4,545
14 years$9,409$8,143$7,026$6,045$5,188$3,889
15 years$8,691$7,439$6,343$5,391$4,568$3,340
16 years$8,063$6,825$5,751$4,827$4,037$2,878
17 years$7,510$6,286$5,233$4,337$3,579$2,488
18 years$7,019$5,808$4,777$3,908$3,183$2,155
19 years$6,580$5,383$4,373$3,532$2,837$1,870
20 years$6,186$5,002$4,014$3,199$2,534$1,626
21 years$5,829$4,659$3,692$2,903$2,268$1,416
22 years$5,505$4,349$3,403$2,639$2,033$1,235
23 years$5,210$4,068$3,142$2,404$1,825$1,078
24 years$4,940$3,811$2,906$2,192$1,640$942
25 years$4,692$3,577$2,691$2,002$1,476$823
26 years$4,464$3,362$2,496$1,831$1,329$721
27 years$4,252$3,164$2,318$1,676$1,198$631
28 years$4,056$2,981$2,155$1,535$1,081$553
29 years$3,874$2,812$2,005$1,408$976$485
30 years$3,705$2,656$1,868$1,292$882$425
31 years$3,546$2,511$1,741$1,187$798$373
32 years$3,398$2,376$1,624$1,091$722$327
33 years$3,259$2,250$1,517$1,003$653$287
34 years$3,129$2,132$1,417$923$591$252
35 years$3,006$2,022$1,325$849$535$221
36 years$2,891$1,920$1,239$782$485$194
37 years$2,781$1,823$1,160$721$440$171
38 years$2,678$1,733$1,086$664$399$150
39 years$2,581$1,648$1,018$613$362$132
40 years$2,488$1,568$954$565$328$116
41 years$2,400$1,492$895$521$297$102
42 years$2,317$1,421$839$481$270$89
43 years$2,238$1,354$787$444$245$79
44 years$2,162$1,291$739$410$222$69
45 years$2,091$1,231$694$379$202$61
46 years$2,022$1,174$652$350$183$53
47 years$1,957$1,120$612$323$166$47
48 years$1,894$1,070$575$299$151$41
49 years$1,834$1,021$541$276$137$36
50 years$1,777$976$509$255$125$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,820,000, adding $2,542 every year, while hoping to spend $50,909 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: 50/43/7 Blend
73$1,820,000$1,820,000$1,820,000$1,820,000
74$2,008,262$1,911,802$1,883,592$2,104,982
75$2,158,938$1,951,314$1,892,526$2,210,699
76$2,323,277$1,991,055$1,900,052$2,319,848
77$2,502,618$2,030,984$1,906,071$2,437,242
78$2,698,436$2,071,053$1,910,476$2,563,666
79$2,912,356$2,111,214$1,913,156$2,699,984
80$3,146,163$2,151,411$1,913,994$2,847,148
81$3,401,827$2,191,585$1,912,867$3,006,206
82$3,681,513$2,231,672$1,909,648$3,178,315
83$3,987,607$2,271,603$1,904,201$3,364,749
84$4,322,736$2,311,305$1,896,384$3,566,910
85$4,689,792$2,350,696$1,886,051$3,786,347
86$5,091,961$2,389,691$1,873,044$4,024,763
87$5,532,752$2,428,196$1,857,201$4,284,040
88$6,016,028$2,466,113$1,838,353$4,566,249
89$6,546,044$2,503,334$1,816,319$4,873,673
90$7,127,488$2,539,745$1,790,913$5,208,831
91$7,765,522$2,575,223$1,761,939$5,574,497
92$8,465,834$2,609,637$1,729,192$5,973,731
93$9,234,686$2,642,846$1,692,458$6,409,906
94$10,078,979$2,674,701$1,651,510$6,886,740
95$11,006,315$2,705,041$1,606,115$7,408,332
96$12,025,066$2,733,695$1,556,027$7,979,201
97$13,144,456$2,760,480$1,500,988$8,604,329
98$14,374,650$2,785,202$1,440,730$9,289,209
99$15,726,840$2,807,653$1,374,971$10,039,894
100$17,213,363$2,827,613$1,303,417$10,863,062