Can I retire at age 74 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$65,733$65,147$64,576$64,019$63,474$62,423
2 years$32,541$31,935$31,348$30,778$30,226$29,169
3 years$21,479$20,870$20,284$19,720$19,176$18,148
4 years$15,948$15,342$14,762$14,207$13,677$12,685
5 years$12,631$12,028$11,456$10,912$10,397$9,444
6 years$10,420$9,822$9,258$8,727$8,227$7,313
7 years$8,842$8,248$7,693$7,175$6,691$5,817
8 years$7,659$7,070$6,525$6,019$5,550$4,717
9 years$6,739$6,156$5,620$5,127$4,674$3,881
10 years$6,003$5,426$4,899$4,419$3,983$3,228
11 years$5,402$4,831$4,313$3,846$3,425$2,709
12 years$4,901$4,336$3,828$3,373$2,968$2,289
13 years$4,478$3,918$3,420$2,978$2,588$1,945
14 years$4,115$3,562$3,073$2,644$2,269$1,661
15 years$3,801$3,254$2,774$2,358$1,998$1,424
16 years$3,527$2,985$2,515$2,111$1,766$1,224
17 years$3,285$2,749$2,289$1,897$1,566$1,056
18 years$3,070$2,540$2,089$1,709$1,392$913
19 years$2,878$2,354$1,913$1,545$1,241$790
20 years$2,705$2,188$1,755$1,399$1,108$686
21 years$2,549$2,038$1,615$1,270$992$596
22 years$2,408$1,902$1,488$1,154$889$518
23 years$2,279$1,779$1,374$1,051$798$451
24 years$2,161$1,667$1,271$959$717$393
25 years$2,052$1,564$1,177$876$645$343
26 years$1,952$1,470$1,092$801$581$300
27 years$1,860$1,384$1,014$733$524$262
28 years$1,774$1,304$942$671$473$229
29 years$1,694$1,230$877$616$427$200
30 years$1,620$1,162$817$565$386$175
31 years$1,551$1,098$761$519$349$153
32 years$1,486$1,039$710$477$316$134
33 years$1,426$984$663$439$286$117
34 years$1,368$933$620$404$259$103
35 years$1,315$885$579$372$234$90
36 years$1,264$840$542$342$212$79
37 years$1,217$797$507$315$192$69
38 years$1,171$758$475$291$174$61
39 years$1,129$721$445$268$158$53
40 years$1,088$686$417$247$143$47
41 years$1,050$653$391$228$130$41
42 years$1,013$622$367$210$118$36
43 years$979$592$344$194$107$31
44 years$946$564$323$179$97$27
45 years$914$538$304$166$88$24
46 years$884$513$285$153$80$21
47 years$856$490$268$141$73$19
48 years$828$468$252$131$66$16
49 years$802$447$237$121$60$14
50 years$777$427$222$112$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $796,000, adding $4,883 every year, while hoping to spend $58,007 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: 63/9/28 Blend
73$796,000$796,000$796,000$796,000
74$882,229$840,041$827,703$930,932
75$910,497$819,484$793,712$943,991
76$939,705$795,975$756,638$951,472
77$969,886$769,310$716,317$958,397
78$1,001,077$739,269$672,576$964,719
79$1,033,316$705,622$625,237$970,393
80$1,066,643$668,126$574,111$975,367
81$1,101,099$626,522$519,001$979,590
82$1,136,727$580,538$459,704$983,007
83$1,173,574$529,885$396,005$985,561
84$1,211,687$474,258$327,680$987,193
85$1,251,118$413,336$254,496$987,839
86$1,291,920$346,777$176,210$987,435
87$1,334,149$274,222$92,566$985,912
88$1,377,865$195,292$3,300$983,198
89$1,423,130$109,584$0$979,220
90$1,470,011$16,676$0$1,001,375
91$1,518,579$0$0$1,024,946
92$1,568,906$0$0$1,057,258
93$1,621,074$0$0$1,092,469
94$1,675,164$0$0$1,128,983
95$1,731,268$0$0$1,166,862
96$1,789,478$0$0$1,206,170
97$1,849,898$0$0$1,246,977
98$1,912,634$0$0$1,289,356
99$1,977,801$0$0$1,333,386
100$2,045,523$0$0$1,379,151