Can I retire at age 74 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$156,074$154,684$153,328$152,004$150,711$147,789
2 years$77,265$75,826$74,431$73,079$71,767$68,835
3 years$50,998$49,553$48,162$46,822$45,532$42,681
4 years$37,867$36,427$35,049$33,733$32,474$29,727
5 years$29,991$28,559$27,200$25,910$24,686$22,050
6 years$24,742$23,320$21,981$20,720$19,533$17,011
7 years$20,994$19,585$18,267$17,035$15,886$13,479
8 years$18,184$16,788$15,492$14,291$13,179$10,886
9 years$16,000$14,617$13,343$12,172$11,098$8,918
10 years$14,254$12,884$11,633$10,493$9,456$7,386
11 years$12,826$11,470$10,241$9,132$8,133$6,171
12 years$11,637$10,295$9,089$8,010$7,048$5,191
13 years$10,632$9,303$8,120$7,071$6,146$4,391
14 years$9,771$8,456$7,296$6,277$5,387$3,732
15 years$9,025$7,725$6,587$5,598$4,743$3,183
16 years$8,373$7,088$5,972$5,013$4,192$2,724
17 years$7,799$6,527$5,435$4,504$3,717$2,338
18 years$7,289$6,032$4,961$4,059$3,305$2,010
19 years$6,833$5,590$4,542$3,667$2,946$1,732
20 years$6,424$5,195$4,168$3,322$2,631$1,495
21 years$6,053$4,839$3,834$3,015$2,355$1,292
22 years$5,717$4,517$3,534$2,741$2,111$1,118
23 years$5,411$4,224$3,263$2,496$1,895$968
24 years$5,130$3,958$3,017$2,277$1,703$839
25 years$4,873$3,714$2,795$2,079$1,532$728
26 years$4,635$3,491$2,592$1,901$1,380$632
27 years$4,416$3,285$2,407$1,740$1,245$549
28 years$4,212$3,096$2,237$1,594$1,123$477
29 years$4,023$2,920$2,082$1,462$1,014$415
30 years$3,847$2,758$1,939$1,342$916$361
31 years$3,683$2,607$1,808$1,232$828$314
32 years$3,529$2,467$1,687$1,133$749$273
33 years$3,385$2,336$1,575$1,041$678$238
34 years$3,249$2,214$1,472$958$614$207
35 years$3,122$2,100$1,376$882$556$180
36 years$3,002$1,993$1,287$812$504$157
37 years$2,888$1,893$1,205$749$457$137
38 years$2,781$1,799$1,128$690$414$119
39 years$2,680$1,711$1,057$636$375$104
40 years$2,584$1,628$991$587$341$90
41 years$2,493$1,550$929$541$309$79
42 years$2,406$1,476$871$500$280$69
43 years$2,324$1,406$818$461$254$60
44 years$2,246$1,340$768$426$231$52
45 years$2,171$1,278$721$393$210$45
46 years$2,100$1,219$677$363$190$40
47 years$2,032$1,164$636$336$173$35
48 years$1,967$1,111$598$310$157$30
49 years$1,905$1,061$562$287$143$26
50 years$1,845$1,013$528$265$129$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,890,000, adding $6,925 every year, while hoping to spend $37,883 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: 44/49/7 Blend
73$1,890,000$1,890,000$1,890,000$1,890,000
74$2,089,923$1,989,753$1,960,458$2,177,435
75$2,262,788$2,046,944$1,985,826$2,295,866
76$2,452,016$2,105,667$2,010,775$2,419,699
77$2,659,235$2,165,958$2,035,249$2,553,029
78$2,886,239$2,227,853$2,059,192$2,696,742
79$3,135,004$2,291,387$2,082,544$2,851,809
80$3,407,707$2,356,596$2,105,241$3,019,299
81$3,706,742$2,423,518$2,127,216$3,200,389
82$4,034,749$2,492,190$2,148,397$3,396,373
83$4,394,635$2,562,650$2,168,710$3,608,674
84$4,789,603$2,634,935$2,188,077$3,838,858
85$5,223,179$2,709,083$2,206,414$4,088,649
86$5,699,248$2,785,133$2,223,634$4,359,945
87$6,222,091$2,863,124$2,239,645$4,654,834
88$6,796,421$2,943,094$2,254,350$4,975,616
89$7,427,433$3,025,082$2,267,648$5,324,821
90$8,120,848$3,109,128$2,279,431$5,705,237
91$8,882,969$3,195,270$2,289,587$6,119,931
92$9,720,742$3,283,548$2,297,997$6,572,283
93$10,641,816$3,374,000$2,304,539$7,066,013
94$11,654,621$3,466,666$2,309,080$7,605,220
95$12,768,443$3,561,583$2,311,485$8,194,415
96$13,993,513$3,658,791$2,311,610$8,838,570
97$15,341,106$3,758,326$2,309,303$9,543,160
98$16,823,642$3,860,226$2,304,407$10,314,214
99$18,454,805$3,964,529$2,296,757$11,158,376
100$20,249,674$4,071,270$2,286,177$12,082,963