Can I retire at age 74 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$153,597$152,229$150,894$149,591$148,319$147,323
2 years$76,038$74,622$73,250$71,919$70,628$69,623
3 years$50,189$48,766$47,397$46,079$44,809$43,827
4 years$37,266$35,848$34,493$33,197$31,958$31,006
5 years$29,515$28,106$26,768$25,499$24,294$23,375
6 years$24,349$22,950$21,633$20,392$19,223$18,338
7 years$20,661$19,274$17,977$16,765$15,634$14,783
8 years$17,896$16,521$15,246$14,064$12,970$12,154
9 years$15,746$14,385$13,131$11,979$10,922$10,141
10 years$14,027$12,679$11,448$10,326$9,306$8,559
11 years$12,622$11,288$10,079$8,987$8,004$7,290
12 years$11,452$10,131$8,945$7,883$6,936$6,255
13 years$10,463$9,156$7,991$6,959$6,048$5,399
14 years$9,615$8,322$7,180$6,178$5,302$4,684
15 years$8,882$7,602$6,483$5,509$4,668$4,081
16 years$8,241$6,975$5,878$4,933$4,126$3,568
17 years$7,675$6,424$5,348$4,432$3,658$3,129
18 years$7,173$5,936$4,882$3,994$3,253$2,752
19 years$6,725$5,501$4,470$3,609$2,899$2,425
20 years$6,322$5,112$4,102$3,269$2,590$2,141
21 years$5,957$4,762$3,773$2,967$2,317$1,894
22 years$5,626$4,445$3,477$2,697$2,077$1,678
23 years$5,325$4,157$3,211$2,457$1,865$1,488
24 years$5,049$3,895$2,969$2,241$1,676$1,322
25 years$4,795$3,655$2,750$2,046$1,508$1,175
26 years$4,562$3,435$2,551$1,871$1,358$1,045
27 years$4,346$3,233$2,369$1,713$1,225$931
28 years$4,146$3,047$2,202$1,569$1,105$829
29 years$3,959$2,874$2,049$1,439$998$739
30 years$3,786$2,714$1,909$1,321$902$660
31 years$3,624$2,566$1,779$1,213$815$589
32 years$3,473$2,428$1,660$1,115$737$526
33 years$3,331$2,299$1,550$1,025$667$469
34 years$3,198$2,179$1,448$943$604$419
35 years$3,072$2,067$1,354$868$547$375
36 years$2,954$1,962$1,267$800$496$335
37 years$2,843$1,863$1,186$737$449$300
38 years$2,737$1,771$1,110$679$407$268
39 years$2,637$1,684$1,040$626$369$240
40 years$2,543$1,602$975$577$335$215
41 years$2,453$1,525$914$533$304$192
42 years$2,368$1,452$858$492$276$172
43 years$2,287$1,384$805$454$250$154
44 years$2,210$1,319$755$419$227$138
45 years$2,136$1,258$709$387$206$123
46 years$2,066$1,200$666$358$187$110
47 years$2,000$1,145$626$330$170$99
48 years$1,936$1,093$588$305$154$89
49 years$1,874$1,044$553$282$140$79
50 years$1,816$997$520$261$127$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,860,000, adding $5,746 every year, while hoping to spend $43,368 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: 52/25/23 Blend
73$1,860,000$1,860,000$1,860,000$1,860,000
74$2,055,647$1,957,067$1,928,237$2,149,128
75$2,219,180$2,006,820$1,946,690$2,264,073
76$2,397,939$2,057,558$1,964,307$2,384,110
77$2,593,433$2,109,282$1,981,015$2,513,781
78$2,807,321$2,161,994$1,996,737$2,654,021
79$3,041,430$2,215,694$2,011,390$2,805,857
80$3,297,772$2,270,380$2,024,888$2,970,422
81$3,578,564$2,326,048$2,037,141$3,148,962
82$3,886,247$2,382,693$2,048,054$3,342,854
83$4,223,506$2,440,307$2,057,526$3,553,610
84$4,593,304$2,498,882$2,065,453$3,782,900
85$4,998,899$2,558,406$2,071,724$4,032,563
86$5,443,883$2,618,864$2,076,224$4,304,626
87$5,932,211$2,680,240$2,078,829$4,601,322
88$6,468,240$2,742,515$2,079,413$4,925,112
89$7,056,768$2,805,666$2,077,841$5,278,709
90$7,703,082$2,869,667$2,073,972$5,665,101
91$8,413,006$2,934,490$2,067,660$6,087,584
92$9,192,954$3,000,102$2,058,748$6,549,789
93$10,049,995$3,066,467$2,047,076$7,055,717
94$10,991,914$3,133,543$2,032,472$7,609,778
95$12,027,288$3,201,285$2,014,758$8,216,835
96$13,165,568$3,269,644$1,993,749$8,882,246
97$14,417,164$3,338,565$1,969,248$9,611,914
98$15,793,547$3,407,988$1,941,051$10,412,350
99$17,307,356$3,477,846$1,908,942$11,290,727
100$18,972,513$3,548,067$1,872,698$12,254,952