Can I retire at age 74 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$152,771$151,410$150,083$148,787$147,522$145,317
2 years$75,629$74,221$72,856$71,532$70,248$68,032
3 years$49,919$48,504$47,142$45,831$44,568$42,410
4 years$37,066$35,656$34,308$33,019$31,787$29,702
5 years$29,356$27,954$26,624$25,362$24,164$22,159
6 years$24,218$22,827$21,516$20,282$19,120$17,198
7 years$20,550$19,170$17,880$16,675$15,550$13,711
8 years$17,799$16,432$15,164$13,988$12,900$11,144
9 years$15,661$14,307$13,061$11,915$10,864$9,189
10 years$13,952$12,611$11,386$10,271$9,256$7,663
11 years$12,554$11,227$10,024$8,939$7,961$6,446
12 years$11,391$10,077$8,896$7,840$6,899$5,461
13 years$10,407$9,106$7,948$6,922$6,016$4,653
14 years$9,564$8,277$7,142$6,144$5,273$3,984
15 years$8,834$7,562$6,448$5,480$4,643$3,424
16 years$8,196$6,938$5,846$4,907$4,104$2,953
17 years$7,634$6,389$5,320$4,408$3,638$2,554
18 years$7,135$5,904$4,856$3,973$3,235$2,214
19 years$6,689$5,472$4,446$3,590$2,884$1,923
20 years$6,288$5,085$4,080$3,251$2,576$1,673
21 years$5,925$4,736$3,753$2,951$2,305$1,458
22 years$5,596$4,421$3,459$2,683$2,066$1,272
23 years$5,296$4,135$3,194$2,443$1,855$1,112
24 years$5,022$3,874$2,953$2,229$1,667$972
25 years$4,770$3,636$2,736$2,035$1,500$851
26 years$4,537$3,417$2,537$1,861$1,351$745
27 years$4,322$3,216$2,356$1,703$1,218$653
28 years$4,123$3,030$2,190$1,561$1,099$572
29 years$3,938$2,859$2,038$1,431$993$502
30 years$3,766$2,700$1,898$1,313$897$441
31 years$3,605$2,552$1,770$1,206$811$387
32 years$3,454$2,415$1,651$1,109$733$340
33 years$3,313$2,287$1,542$1,019$664$298
34 years$3,180$2,167$1,441$938$601$262
35 years$3,056$2,056$1,347$863$544$230
36 years$2,938$1,951$1,260$795$493$203
37 years$2,827$1,853$1,179$733$447$178
38 years$2,722$1,761$1,104$675$405$157
39 years$2,623$1,675$1,035$623$367$138
40 years$2,529$1,593$970$574$333$121
41 years$2,440$1,517$909$530$302$107
42 years$2,355$1,444$853$489$274$94
43 years$2,275$1,376$800$451$249$82
44 years$2,198$1,312$751$417$226$73
45 years$2,125$1,251$705$385$205$64
46 years$2,055$1,193$663$356$186$56
47 years$1,989$1,139$622$329$169$49
48 years$1,925$1,087$585$304$154$44
49 years$1,864$1,038$550$281$140$38
50 years$1,806$992$517$259$127$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,850,000, adding $2,521 every year, while hoping to spend $54,660 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: 68/17/15 Blend
73$1,850,000$1,850,000$1,850,000$1,850,000
74$2,041,300$1,943,250$1,914,575$2,172,801
75$2,191,355$1,980,312$1,920,556$2,297,808
76$2,354,884$2,017,357$1,924,905$2,427,781
77$2,533,202$2,054,328$1,927,510$2,568,559
78$2,727,760$2,091,162$1,928,252$2,721,198
79$2,940,153$2,127,789$1,927,010$2,886,862
80$3,172,135$2,164,138$1,923,651$3,066,833
81$3,425,640$2,200,128$1,918,041$3,262,525
82$3,702,796$2,235,675$1,910,036$3,475,496
83$4,005,946$2,270,688$1,899,487$3,707,461
84$4,337,670$2,305,069$1,886,237$3,960,312
85$4,700,807$2,338,712$1,870,121$4,236,135
86$5,098,486$2,371,506$1,850,967$4,537,225
87$5,534,152$2,403,330$1,828,594$4,866,115
88$6,011,598$2,434,055$1,802,814$5,225,597
89$6,535,001$2,463,544$1,773,429$5,618,744
90$7,108,964$2,491,650$1,740,231$6,048,949
91$7,738,553$2,518,217$1,703,005$6,519,945
92$8,429,352$2,543,075$1,661,521$7,035,853
93$9,187,508$2,566,049$1,615,545$7,601,211
94$10,019,795$2,586,946$1,564,826$8,221,023
95$10,933,672$2,605,565$1,509,107$8,900,801
96$11,937,359$2,621,689$1,448,114$9,646,626
97$13,039,908$2,635,090$1,381,564$10,465,195
98$14,251,292$2,645,523$1,309,160$11,363,894
99$15,582,499$2,652,729$1,230,592$12,350,862
100$17,045,633$2,656,432$1,145,535$13,435,069