Can I retire at age 74 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$151,945$150,592$149,272$147,983$146,724$144,234
2 years$75,221$73,820$72,462$71,146$69,869$67,368
3 years$49,649$48,242$46,888$45,584$44,328$41,893
4 years$36,866$35,463$34,122$32,840$31,615$29,266
5 years$29,198$27,803$26,480$25,225$24,033$21,777
6 years$24,087$22,704$21,400$20,172$19,017$16,856
7 years$20,438$19,066$17,783$16,585$15,466$13,400
8 years$17,703$16,343$15,082$13,913$12,830$10,860
9 years$15,577$14,230$12,990$11,850$10,805$8,929
10 years$13,877$12,543$11,325$10,215$9,206$7,423
11 years$12,487$11,166$9,970$8,890$7,918$6,225
12 years$11,329$10,022$8,848$7,798$6,861$5,257
13 years$10,350$9,057$7,905$6,884$5,983$4,464
14 years$9,512$8,233$7,103$6,111$5,245$3,809
15 years$8,786$7,521$6,413$5,450$4,618$3,263
16 years$8,152$6,900$5,814$4,880$4,081$2,804
17 years$7,593$6,355$5,291$4,385$3,619$2,417
18 years$7,096$5,872$4,830$3,951$3,218$2,087
19 years$6,652$5,442$4,422$3,570$2,868$1,806
20 years$6,254$5,057$4,058$3,234$2,562$1,566
21 years$5,893$4,711$3,732$2,935$2,292$1,360
22 years$5,566$4,397$3,440$2,668$2,055$1,182
23 years$5,268$4,113$3,176$2,430$1,845$1,028
24 years$4,995$3,853$2,938$2,216$1,658$896
25 years$4,744$3,616$2,721$2,024$1,492$781
26 years$4,513$3,398$2,523$1,851$1,344$681
27 years$4,299$3,198$2,343$1,694$1,212$594
28 years$4,101$3,014$2,178$1,552$1,093$519
29 years$3,917$2,843$2,027$1,423$987$454
30 years$3,745$2,685$1,888$1,306$892$396
31 years$3,585$2,538$1,760$1,200$806$347
32 years$3,436$2,402$1,642$1,103$729$303
33 years$3,295$2,274$1,533$1,014$660$265
34 years$3,163$2,156$1,433$933$598$232
35 years$3,039$2,045$1,340$859$541$203
36 years$2,922$1,941$1,253$791$491$178
37 years$2,812$1,843$1,173$729$445$156
38 years$2,708$1,752$1,098$672$403$136
39 years$2,609$1,666$1,029$619$365$119
40 years$2,516$1,585$965$571$332$104
41 years$2,427$1,509$904$527$301$92
42 years$2,343$1,437$848$486$273$80
43 years$2,262$1,369$796$449$248$70
44 years$2,186$1,305$747$415$225$62
45 years$2,114$1,244$702$383$204$54
46 years$2,044$1,187$659$354$185$47
47 years$1,978$1,133$619$327$168$41
48 years$1,915$1,081$582$302$153$36
49 years$1,854$1,033$547$279$139$32
50 years$1,796$986$514$258$126$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,840,000, adding $6,295 every year, while hoping to spend $21,538 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: 75/15/10 Blend
73$1,840,000$1,840,000$1,840,000$1,840,000
74$2,034,173$1,936,653$1,908,133$2,182,616
75$2,218,743$2,008,633$1,949,139$2,353,291
76$2,421,416$2,083,418$1,990,798$2,536,937
77$2,644,018$2,161,123$2,033,107$2,737,581
78$2,888,557$2,241,867$2,076,065$2,956,905
79$3,157,247$2,325,775$2,119,670$3,196,755
80$3,452,526$2,412,978$2,163,919$3,459,169
81$3,777,080$2,503,611$2,208,807$3,746,387
82$4,133,870$2,597,815$2,254,329$4,060,877
83$4,526,155$2,695,738$2,300,480$4,405,357
84$4,957,528$2,797,535$2,347,251$4,782,819
85$5,431,947$2,903,365$2,394,635$5,196,559
86$5,953,772$3,013,397$2,442,622$5,650,206
87$6,527,808$3,127,804$2,491,201$6,147,758
88$7,159,349$3,246,771$2,540,360$6,693,618
89$7,854,226$3,370,486$2,590,086$7,292,634
90$8,618,866$3,499,149$2,640,363$7,950,148
91$9,460,350$3,632,967$2,691,175$8,672,042
92$10,386,480$3,772,157$2,742,503$9,464,798
93$11,405,852$3,916,944$2,794,328$10,335,554
94$12,527,939$4,067,564$2,846,628$11,292,174
95$13,763,177$4,224,263$2,899,378$12,343,320
96$15,123,067$4,387,298$2,952,554$13,498,535
97$16,620,282$4,556,937$3,006,126$14,768,333
98$18,268,784$4,733,460$3,060,064$16,164,295
99$20,083,960$4,917,160$3,114,337$17,699,181
100$22,082,764$5,108,341$3,168,908$19,387,048