Can I retire at age 74 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$155,249$153,866$152,517$151,200$149,914$146,588
2 years$76,856$75,424$74,037$72,692$71,388$68,054
3 years$50,728$49,291$47,907$46,575$45,291$42,054
4 years$37,667$36,234$34,864$33,554$32,302$29,186
5 years$29,832$28,408$27,056$25,773$24,556$21,570
6 years$24,611$23,197$21,865$20,611$19,430$16,577
7 years$20,883$19,481$18,170$16,945$15,802$13,083
8 years$18,088$16,699$15,410$14,215$13,109$10,523
9 years$15,915$14,539$13,272$12,108$11,040$8,585
10 years$14,178$12,816$11,571$10,437$9,406$7,080
11 years$12,758$11,409$10,187$9,084$8,090$5,889
12 years$11,575$10,240$9,041$7,967$7,010$4,931
13 years$10,575$9,254$8,077$7,034$6,113$4,152
14 years$9,719$8,412$7,257$6,244$5,359$3,512
15 years$8,977$7,684$6,553$5,569$4,718$2,981
16 years$8,329$7,050$5,941$4,986$4,170$2,539
17 years$7,758$6,493$5,406$4,480$3,697$2,167
18 years$7,250$6,000$4,935$4,037$3,288$1,854
19 years$6,797$5,560$4,518$3,648$2,930$1,589
20 years$6,390$5,167$4,146$3,304$2,617$1,365
21 years$6,021$4,813$3,814$2,999$2,342$1,173
22 years$5,687$4,493$3,515$2,726$2,100$1,009
23 years$5,382$4,202$3,245$2,483$1,885$870
24 years$5,103$3,937$3,001$2,265$1,694$750
25 years$4,847$3,695$2,780$2,068$1,524$647
26 years$4,611$3,472$2,578$1,891$1,373$558
27 years$4,392$3,268$2,394$1,731$1,238$482
28 years$4,190$3,079$2,226$1,586$1,117$417
29 years$4,002$2,905$2,071$1,454$1,009$360
30 years$3,827$2,743$1,929$1,335$911$311
31 years$3,663$2,593$1,799$1,226$824$269
32 years$3,510$2,454$1,678$1,127$745$233
33 years$3,367$2,324$1,567$1,036$675$202
34 years$3,232$2,203$1,464$953$611$175
35 years$3,105$2,089$1,369$877$553$151
36 years$2,986$1,983$1,280$808$501$131
37 years$2,873$1,883$1,198$745$454$113
38 years$2,767$1,790$1,122$686$412$98
39 years$2,666$1,702$1,051$633$373$85
40 years$2,570$1,619$985$584$339$74
41 years$2,480$1,541$924$538$307$64
42 years$2,394$1,468$867$497$279$55
43 years$2,312$1,399$813$459$253$48
44 years$2,234$1,333$764$424$230$41
45 years$2,159$1,271$717$391$209$36
46 years$2,089$1,213$673$361$189$31
47 years$2,021$1,157$633$334$172$27
48 years$1,956$1,105$594$308$156$23
49 years$1,895$1,055$559$285$142$20
50 years$1,836$1,008$525$264$129$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,880,000, adding $5,043 every year, while hoping to spend $23,999 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: 49/35/16 Blend
73$1,880,000$1,880,000$1,880,000$1,880,000
74$2,076,962$1,977,322$1,948,182$2,169,266
75$2,263,277$2,048,676$1,987,911$2,304,868
76$2,467,792$2,122,722$2,028,167$2,449,203
77$2,692,338$2,199,566$2,068,942$2,605,469
78$2,938,932$2,279,321$2,110,227$2,774,796
79$3,209,796$2,362,100$2,152,012$2,958,423
80$3,507,377$2,448,025$2,194,287$3,157,715
81$3,834,373$2,537,221$2,237,038$3,374,171
82$4,193,753$2,629,819$2,280,253$3,609,443
83$4,588,790$2,725,954$2,323,916$3,865,344
84$5,023,090$2,825,770$2,368,011$4,143,871
85$5,500,626$2,929,413$2,412,519$4,447,220
86$6,025,773$3,037,038$2,457,422$4,777,808
87$6,603,354$3,148,805$2,502,698$5,138,295
88$7,238,682$3,264,881$2,548,324$5,531,606
89$7,937,609$3,385,442$2,594,274$5,960,962
90$8,706,584$3,510,669$2,640,522$6,429,908
91$9,552,715$3,640,750$2,687,038$6,942,345
92$10,483,830$3,775,885$2,733,792$7,502,570
93$11,508,555$3,916,278$2,780,749$8,115,311
94$12,636,397$4,062,145$2,827,874$8,785,772
95$13,877,829$4,213,710$2,875,127$9,519,687
96$15,244,391$4,371,205$2,922,467$10,323,364
97$16,748,800$4,534,875$2,969,851$11,203,753
98$18,405,068$4,704,974$3,017,230$12,168,506
99$20,228,633$4,881,766$3,064,556$13,226,049
100$22,236,508$5,065,527$3,111,773$14,385,660