Can I retire at age 74 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$64,990$64,411$63,846$63,295$62,756$61,565
2 years$32,173$31,574$30,993$30,430$29,884$28,688
3 years$21,236$20,634$20,055$19,497$18,960$17,797
4 years$15,768$15,168$14,595$14,046$13,522$12,401
5 years$12,488$11,892$11,326$10,789$10,279$9,204
6 years$10,303$9,711$9,153$8,628$8,134$7,104
7 years$8,742$8,155$7,606$7,094$6,615$5,632
8 years$7,572$6,990$6,451$5,951$5,488$4,551
9 years$6,662$6,086$5,556$5,069$4,621$3,731
10 years$5,935$5,365$4,844$4,369$3,938$3,092
11 years$5,341$4,776$4,264$3,803$3,387$2,585
12 years$4,846$4,287$3,785$3,335$2,935$2,176
13 years$4,427$3,874$3,381$2,945$2,559$1,842
14 years$4,068$3,521$3,038$2,614$2,243$1,566
15 years$3,758$3,217$2,743$2,331$1,975$1,337
16 years$3,487$2,951$2,487$2,087$1,746$1,145
17 years$3,248$2,718$2,263$1,875$1,548$983
18 years$3,035$2,512$2,066$1,690$1,376$846
19 years$2,845$2,328$1,891$1,527$1,227$730
20 years$2,675$2,163$1,736$1,383$1,096$630
21 years$2,521$2,015$1,596$1,255$981$545
22 years$2,381$1,881$1,471$1,141$879$472
23 years$2,253$1,759$1,359$1,039$789$409
24 years$2,136$1,648$1,256$948$709$355
25 years$2,029$1,547$1,164$866$638$308
26 years$1,930$1,454$1,079$792$575$268
27 years$1,839$1,368$1,002$725$518$233
28 years$1,754$1,289$932$664$468$202
29 years$1,675$1,216$867$609$422$176
30 years$1,602$1,148$808$559$382$153
31 years$1,534$1,086$753$513$345$133
32 years$1,469$1,027$702$472$312$116
33 years$1,409$973$656$434$282$101
34 years$1,353$922$613$399$256$88
35 years$1,300$875$573$367$232$77
36 years$1,250$830$536$338$210$67
37 years$1,203$788$502$312$190$58
38 years$1,158$749$470$287$172$51
39 years$1,116$712$440$265$156$44
40 years$1,076$678$413$244$142$39
41 years$1,038$645$387$225$129$34
42 years$1,002$614$363$208$117$29
43 years$968$585$340$192$106$26
44 years$935$558$320$177$96$22
45 years$904$532$300$164$87$20
46 years$874$508$282$151$79$17
47 years$846$484$265$140$72$15
48 years$819$463$249$129$65$13
49 years$793$442$234$119$59$11
50 years$768$422$220$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $787,000, adding $5,707 every year, while hoping to spend $46,803 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: 73/17/10 Blend
73$787,000$787,000$787,000$787,000
74$873,161$831,450$819,251$934,858
75$912,425$822,393$796,898$967,316
76$954,126$811,323$772,228$996,474
77$998,462$798,093$745,112$1,027,118
78$1,045,651$782,546$715,420$1,059,383
79$1,095,932$764,516$683,011$1,093,415
80$1,149,566$743,826$647,741$1,129,380
81$1,206,839$720,290$609,457$1,167,458
82$1,268,064$693,712$568,002$1,207,850
83$1,333,586$663,883$523,209$1,250,778
84$1,403,780$630,581$474,904$1,296,488
85$1,479,060$593,574$422,908$1,345,254
86$1,559,880$552,615$367,031$1,397,375
87$1,646,736$507,442$307,076$1,453,186
88$1,740,177$457,780$242,836$1,513,055
89$1,840,800$403,337$174,097$1,577,392
90$1,949,266$343,805$100,633$1,646,648
91$2,066,298$278,858$22,211$1,721,324
92$2,192,690$208,151$0$1,801,971
93$2,329,316$131,323$0$1,895,763
94$2,477,137$47,989$0$1,999,771
95$2,637,208$0$0$2,112,399
96$2,810,690$0$0$2,242,411
97$2,998,858$0$0$2,393,196
98$3,203,115$0$0$2,556,906
99$3,425,006$0$0$2,734,782
100$3,666,227$0$0$2,928,190