Can I retire at age 74 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$64,412$63,838$63,278$62,732$62,198$61,396
2 years$31,887$31,293$30,718$30,160$29,618$28,811
3 years$21,047$20,450$19,876$19,323$18,791$18,004
4 years$15,628$15,033$14,465$13,921$13,402$12,641
5 years$12,377$11,786$11,225$10,693$10,188$9,455
6 years$10,211$9,624$9,072$8,551$8,061$7,358
7 years$8,664$8,082$7,539$7,031$6,556$5,883
8 years$7,505$6,928$6,393$5,898$5,439$4,795
9 years$6,603$6,032$5,507$5,024$4,580$3,966
10 years$5,882$5,317$4,801$4,330$3,903$3,317
11 years$5,293$4,734$4,227$3,769$3,356$2,799
12 years$4,803$4,249$3,751$3,306$2,909$2,379
13 years$4,388$3,839$3,351$2,918$2,536$2,034
14 years$4,032$3,490$3,011$2,591$2,223$1,747
15 years$3,725$3,188$2,719$2,310$1,958$1,507
16 years$3,456$2,925$2,465$2,069$1,730$1,304
17 years$3,219$2,694$2,243$1,859$1,534$1,132
18 years$3,008$2,489$2,047$1,675$1,364$985
19 years$2,820$2,307$1,874$1,514$1,216$858
20 years$2,651$2,144$1,720$1,371$1,086$750
21 years$2,498$1,997$1,582$1,244$972$656
22 years$2,359$1,864$1,458$1,131$871$574
23 years$2,233$1,743$1,346$1,030$782$504
24 years$2,117$1,633$1,245$940$703$442
25 years$2,011$1,533$1,153$858$632$388
26 years$1,913$1,441$1,070$785$570$342
27 years$1,822$1,356$993$718$514$301
28 years$1,738$1,278$923$658$463$265
29 years$1,660$1,205$859$603$418$233
30 years$1,588$1,138$800$554$378$205
31 years$1,520$1,076$746$509$342$181
32 years$1,456$1,018$696$467$309$160
33 years$1,397$964$650$430$280$141
34 years$1,341$914$607$395$253$124
35 years$1,288$867$568$364$229$110
36 years$1,239$823$531$335$208$97
37 years$1,192$781$497$309$188$85
38 years$1,148$743$466$285$171$75
39 years$1,106$706$436$263$155$67
40 years$1,066$672$409$242$141$59
41 years$1,029$639$383$223$127$52
42 years$993$609$360$206$116$46
43 years$959$580$337$190$105$41
44 years$927$553$317$176$95$36
45 years$896$527$297$162$87$32
46 years$867$503$279$150$79$28
47 years$839$480$262$139$71$25
48 years$812$458$247$128$65$22
49 years$786$438$232$118$59$19
50 years$762$418$218$109$53$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $780,000, adding $5,162 every year, while hoping to spend $59,055 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: 87/6/7 Blend
73$780,000$780,000$780,000$780,000
74$864,885$823,545$811,455$939,237
75$890,269$801,064$775,804$965,989
76$916,263$775,503$736,980$986,679
77$942,867$746,648$694,814$1,007,510
78$970,078$714,273$649,130$1,028,454
79$997,893$678,139$599,742$1,049,479
80$1,026,304$637,994$546,460$1,070,547
81$1,055,302$593,570$489,081$1,091,619
82$1,084,874$544,586$427,396$1,112,649
83$1,115,003$490,742$361,186$1,133,587
84$1,145,668$431,724$290,220$1,154,376
85$1,176,844$367,197$214,261$1,174,956
86$1,208,502$296,809$133,058$1,195,256
87$1,240,605$220,188$46,351$1,215,201
88$1,273,110$136,941$0$1,234,705
89$1,305,969$46,652$0$1,257,124
90$1,339,124$0$0$1,282,824
91$1,372,509$0$0$1,311,621
92$1,406,048$0$0$1,343,643
93$1,439,656$0$0$1,375,725
94$1,473,232$0$0$1,407,773
95$1,506,664$0$0$1,439,679
96$1,539,827$0$0$1,471,321
97$1,572,576$0$0$1,502,562
98$1,604,749$0$0$1,533,246
99$1,636,165$0$0$1,563,199
100$1,666,619$0$0$1,592,225