Can I retire at age 74 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$64,742$64,165$63,603$63,053$62,517$62,149
2 years$32,050$31,454$30,875$30,314$29,770$29,399
3 years$21,155$20,555$19,978$19,423$18,887$18,524
4 years$15,708$15,110$14,539$13,993$13,471$13,119
5 years$12,441$11,847$11,283$10,748$10,240$9,900
6 years$10,263$9,674$9,118$8,595$8,103$7,775
7 years$8,709$8,124$7,577$7,067$6,590$6,275
8 years$7,543$6,964$6,426$5,928$5,467$5,165
9 years$6,637$6,063$5,535$5,049$4,604$4,314
10 years$5,913$5,344$4,825$4,353$3,923$3,646
11 years$5,320$4,758$4,248$3,788$3,374$3,109
12 years$4,827$4,270$3,770$3,323$2,924$2,671
13 years$4,410$3,859$3,368$2,933$2,549$2,308
14 years$4,053$3,508$3,027$2,604$2,235$2,005
15 years$3,744$3,204$2,733$2,322$1,968$1,749
16 years$3,473$2,940$2,477$2,079$1,739$1,532
17 years$3,235$2,708$2,254$1,868$1,542$1,345
18 years$3,024$2,502$2,058$1,684$1,371$1,185
19 years$2,835$2,319$1,884$1,521$1,222$1,045
20 years$2,665$2,155$1,729$1,378$1,092$924
21 years$2,511$2,007$1,590$1,250$977$819
22 years$2,372$1,874$1,466$1,137$876$727
23 years$2,244$1,752$1,353$1,035$786$645
24 years$2,128$1,642$1,252$944$706$574
25 years$2,021$1,541$1,159$862$636$511
26 years$1,923$1,448$1,075$789$573$455
27 years$1,832$1,363$998$722$516$406
28 years$1,747$1,284$928$661$466$362
29 years$1,669$1,211$864$606$421$324
30 years$1,596$1,144$805$557$380$289
31 years$1,528$1,082$750$511$344$259
32 years$1,464$1,023$700$470$311$231
33 years$1,404$969$653$432$281$207
34 years$1,348$919$610$397$255$185
35 years$1,295$871$571$366$231$166
36 years$1,245$827$534$337$209$148
37 years$1,198$785$500$311$189$133
38 years$1,154$746$468$286$172$119
39 years$1,112$710$438$264$156$107
40 years$1,072$675$411$243$141$96
41 years$1,034$643$385$225$128$86
42 years$998$612$361$207$116$77
43 years$964$583$339$191$106$69
44 years$932$556$318$177$96$62
45 years$901$530$299$163$87$55
46 years$871$506$281$151$79$50
47 years$843$483$264$139$72$45
48 years$816$461$248$129$65$40
49 years$790$440$233$119$59$36
50 years$765$420$219$110$54$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $784,000, adding $5,360 every year, while hoping to spend $26,383 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: 71/5/24 Blend
73$784,000$784,000$784,000$784,000
74$869,497$827,945$815,793$925,628
75$930,114$840,443$815,051$976,314
76$996,030$852,669$813,399$1,028,193
77$1,067,758$864,582$810,780$1,084,365
78$1,145,861$876,138$807,133$1,145,253
79$1,230,959$887,290$802,393$1,211,326
80$1,323,737$897,987$796,493$1,283,098
81$1,424,946$908,176$789,363$1,361,137
82$1,535,413$917,799$780,929$1,446,070
83$1,656,049$926,795$771,114$1,538,586
84$1,787,856$935,098$759,837$1,639,447
85$1,931,939$942,640$747,013$1,749,492
86$2,089,512$949,345$732,554$1,869,645
87$2,261,914$955,134$716,366$2,000,928
88$2,450,619$959,925$698,353$2,144,464
89$2,657,247$963,627$678,414$2,301,492
90$2,883,587$966,145$656,441$2,473,381
91$3,131,606$967,379$632,325$2,661,635
92$3,403,470$967,221$605,948$2,867,916
93$3,701,566$965,557$577,189$3,094,056
94$4,028,523$962,266$545,922$3,342,073
95$4,387,235$957,220$512,013$3,614,194
96$4,780,891$950,282$475,324$3,912,871
97$5,213,005$941,309$435,710$4,240,809
98$5,687,444$930,146$393,020$4,600,990
99$6,208,472$916,632$347,094$4,996,703
100$6,780,783$900,594$297,769$5,431,569