Can I retire at age 74 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$65,898$65,311$64,738$64,179$63,634$62,995
2 years$32,623$32,015$31,426$30,856$30,302$29,659
3 years$21,533$20,922$20,335$19,769$19,225$18,597
4 years$15,988$15,380$14,799$14,243$13,711$13,104
5 years$12,663$12,058$11,484$10,940$10,423$9,838
6 years$10,447$9,846$9,281$8,749$8,247$7,685
7 years$8,864$8,269$7,713$7,193$6,707$6,168
8 years$7,678$7,088$6,541$6,034$5,564$5,047
9 years$6,756$6,171$5,634$5,139$4,686$4,192
10 years$6,018$5,440$4,912$4,430$3,993$3,521
11 years$5,415$4,843$4,324$3,856$3,434$2,984
12 years$4,913$4,347$3,838$3,382$2,976$2,548
13 years$4,489$3,928$3,429$2,986$2,595$2,188
14 years$4,125$3,570$3,081$2,650$2,275$1,888
15 years$3,811$3,262$2,781$2,364$2,003$1,636
16 years$3,535$2,993$2,522$2,116$1,770$1,423
17 years$3,293$2,756$2,295$1,902$1,569$1,241
18 years$3,078$2,547$2,095$1,714$1,395$1,085
19 years$2,885$2,360$1,918$1,548$1,244$951
20 years$2,712$2,193$1,760$1,402$1,111$835
21 years$2,556$2,043$1,619$1,273$994$734
22 years$2,414$1,907$1,492$1,157$891$646
23 years$2,285$1,784$1,378$1,054$800$570
24 years$2,166$1,671$1,274$961$719$503
25 years$2,057$1,568$1,180$878$647$444
26 years$1,957$1,474$1,094$803$583$393
27 years$1,864$1,387$1,016$735$525$347
28 years$1,779$1,307$945$673$474$308
29 years$1,699$1,233$879$617$428$273
30 years$1,624$1,165$819$567$387$242
31 years$1,555$1,101$763$520$350$214
32 years$1,490$1,042$712$478$316$190
33 years$1,429$986$665$440$286$169
34 years$1,372$935$621$405$259$150
35 years$1,318$887$581$372$235$133
36 years$1,267$842$543$343$213$118
37 years$1,220$799$509$316$193$105
38 years$1,174$760$476$291$175$93
39 years$1,132$722$446$269$159$83
40 years$1,091$687$418$248$144$73
41 years$1,053$654$392$229$130$65
42 years$1,016$623$368$211$118$58
43 years$981$594$345$195$107$52
44 years$948$566$324$180$98$46
45 years$917$540$304$166$89$41
46 years$887$515$286$153$80$36
47 years$858$491$269$142$73$32
48 years$830$469$252$131$66$29
49 years$804$448$237$121$60$26
50 years$779$428$223$112$55$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $798,000, adding $6,465 every year, while hoping to spend $39,211 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: 54/29/17 Blend
73$798,000$798,000$798,000$798,000
74$886,065$843,771$831,402$929,536
75$934,723$843,395$817,533$959,569
76$987,030$841,687$801,886$987,526
77$1,043,318$838,540$784,360$1,017,086
78$1,103,948$833,840$764,847$1,048,413
79$1,169,320$827,468$743,239$1,081,688
80$1,239,872$819,295$719,419$1,117,112
81$1,316,086$809,188$693,267$1,154,911
82$1,398,491$797,002$664,655$1,195,333
83$1,487,668$782,586$633,453$1,238,656
84$1,584,257$765,780$599,520$1,285,186
85$1,688,961$746,413$562,714$1,335,265
86$1,802,553$724,305$522,882$1,389,272
87$1,925,882$699,265$479,868$1,447,627
88$2,059,885$671,091$433,506$1,510,795
89$2,205,588$639,570$383,624$1,579,295
90$2,364,125$604,476$330,042$1,653,699
91$2,536,740$565,569$272,573$1,734,643
92$2,724,803$522,598$211,020$1,822,831
93$2,929,822$475,294$145,178$1,919,042
94$3,153,457$423,376$74,834$2,024,142
95$3,397,532$366,545$0$2,139,086
96$3,664,060$304,485$0$2,264,978
97$3,955,254$236,864$0$2,417,436
98$4,273,549$163,329$0$2,584,215
99$4,621,628$83,510$0$2,766,798
100$5,002,444$0$0$2,966,822