Can I retire at age 74 with 1,870,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$154,423$153,047$151,705$150,395$149,116$147,805
2 years$76,447$75,023$73,643$72,306$71,008$69,687
3 years$50,458$49,028$47,652$46,327$45,050$43,760
4 years$37,467$36,041$34,679$33,376$32,130$30,881
5 years$29,674$28,257$26,912$25,636$24,425$23,220
6 years$24,480$23,074$21,749$20,501$19,327$18,167
7 years$20,772$19,377$18,073$16,855$15,718$14,605
8 years$17,992$16,610$15,328$14,139$13,039$11,973
9 years$15,831$14,462$13,202$12,044$10,981$9,961
10 years$14,103$12,747$11,510$10,382$9,356$8,382
11 years$12,690$11,348$10,133$9,035$8,047$7,117
12 years$11,514$10,186$8,993$7,925$6,973$6,087
13 years$10,519$9,205$8,034$6,997$6,081$5,238
14 years$9,667$8,367$7,219$6,211$5,330$4,529
15 years$8,930$7,643$6,518$5,539$4,693$3,933
16 years$8,285$7,013$5,909$4,960$4,148$3,427
17 years$7,716$6,458$5,377$4,456$3,678$2,995
18 years$7,212$5,968$4,909$4,016$3,270$2,624
19 years$6,761$5,531$4,494$3,629$2,915$2,305
20 years$6,356$5,140$4,124$3,286$2,604$2,028
21 years$5,989$4,787$3,793$2,983$2,330$1,787
22 years$5,657$4,469$3,496$2,712$2,088$1,577
23 years$5,354$4,180$3,228$2,470$1,875$1,394
24 years$5,076$3,916$2,985$2,253$1,685$1,233
25 years$4,821$3,675$2,765$2,057$1,516$1,092
26 years$4,586$3,454$2,564$1,881$1,366$967
27 years$4,369$3,251$2,381$1,722$1,231$858
28 years$4,168$3,063$2,214$1,577$1,111$761
29 years$3,981$2,890$2,060$1,447$1,003$676
30 years$3,807$2,729$1,919$1,328$907$601
31 years$3,644$2,580$1,789$1,219$820$534
32 years$3,492$2,441$1,669$1,121$741$475
33 years$3,349$2,312$1,558$1,030$671$422
34 years$3,215$2,191$1,456$948$607$376
35 years$3,089$2,078$1,361$873$550$334
36 years$2,970$1,972$1,274$804$499$298
37 years$2,858$1,873$1,192$741$452$265
38 years$2,752$1,780$1,116$683$410$236
39 years$2,652$1,693$1,046$629$371$210
40 years$2,557$1,611$980$581$337$187
41 years$2,466$1,533$919$536$306$167
42 years$2,381$1,460$862$494$277$149
43 years$2,299$1,391$809$456$252$133
44 years$2,222$1,326$759$421$228$118
45 years$2,148$1,265$713$389$207$105
46 years$2,078$1,206$670$359$188$94
47 years$2,010$1,151$629$332$171$84
48 years$1,946$1,099$591$307$155$75
49 years$1,885$1,049$556$284$141$67
50 years$1,826$1,002$523$262$128$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,870,000, adding $4,392 every year, while hoping to spend $20,080 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: 76/15/9 Blend
73$1,870,000$1,870,000$1,870,000$1,870,000
74$2,065,270$1,966,160$1,937,175$2,218,869
75$2,254,563$2,041,137$1,980,706$2,395,528
76$2,462,490$2,119,115$2,025,021$2,586,122
77$2,690,932$2,200,219$2,070,128$2,794,465
78$2,941,959$2,284,582$2,116,029$3,022,312
79$3,217,852$2,372,340$2,162,729$3,271,595
80$3,521,124$2,463,636$2,210,231$3,544,442
81$3,854,544$2,558,619$2,258,540$3,843,197
82$4,221,163$2,657,446$2,307,655$4,170,437
83$4,624,340$2,760,280$2,357,580$4,529,004
84$5,067,779$2,867,289$2,408,315$4,922,026
85$5,555,558$2,978,653$2,459,860$5,352,947
86$6,092,174$3,094,556$2,512,214$5,825,561
87$6,682,578$3,215,191$2,565,376$6,344,046
88$7,332,226$3,340,761$2,619,341$6,913,003
89$8,047,132$3,471,477$2,674,108$7,537,501
90$8,833,919$3,607,558$2,729,670$8,223,123
91$9,699,886$3,749,237$2,786,021$8,976,017
92$10,653,077$3,896,752$2,843,156$9,802,957
93$11,702,353$4,050,355$2,901,064$10,711,402
94$12,857,480$4,210,308$2,959,735$11,709,573
95$14,129,215$4,376,886$3,019,159$12,806,522
96$15,529,417$4,550,375$3,079,323$14,012,223
97$17,071,148$4,731,074$3,140,211$15,337,664
98$18,768,804$4,919,296$3,201,807$16,794,948
99$20,638,248$5,115,367$3,264,093$18,397,411
100$22,696,959$5,319,630$3,327,049$20,159,743