Can I retire at age 74 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$66,063$65,475$64,901$64,340$63,793$63,338
2 years$32,705$32,095$31,505$30,933$30,378$29,919
3 years$21,586$20,975$20,386$19,819$19,273$18,824
4 years$16,029$15,419$14,836$14,278$13,746$13,311
5 years$12,695$12,088$11,513$10,967$10,449$10,030
6 years$10,473$9,871$9,304$8,771$8,268$7,864
7 years$8,886$8,290$7,732$7,211$6,724$6,336
8 years$7,697$7,106$6,557$6,049$5,578$5,206
9 years$6,773$6,187$5,648$5,152$4,698$4,341
10 years$6,033$5,453$4,924$4,441$4,003$3,662
11 years$5,429$4,855$4,335$3,865$3,442$3,117
12 years$4,926$4,357$3,847$3,390$2,983$2,673
13 years$4,500$3,938$3,437$2,993$2,601$2,306
14 years$4,136$3,579$3,088$2,657$2,280$1,999
15 years$3,820$3,270$2,788$2,370$2,008$1,740
16 years$3,544$3,000$2,528$2,122$1,775$1,521
17 years$3,301$2,763$2,300$1,906$1,573$1,333
18 years$3,085$2,553$2,100$1,718$1,399$1,171
19 years$2,892$2,366$1,922$1,552$1,247$1,031
20 years$2,719$2,199$1,764$1,406$1,114$910
21 years$2,562$2,048$1,623$1,276$997$804
22 years$2,420$1,912$1,496$1,160$893$712
23 years$2,290$1,788$1,381$1,057$802$631
24 years$2,172$1,675$1,277$964$721$560
25 years$2,063$1,572$1,183$880$649$497
26 years$1,962$1,478$1,097$805$584$442
27 years$1,869$1,391$1,019$737$527$393
28 years$1,783$1,310$947$675$475$350
29 years$1,703$1,236$881$619$429$312
30 years$1,628$1,167$821$568$388$278
31 years$1,559$1,104$765$522$351$248
32 years$1,494$1,044$714$479$317$221
33 years$1,433$989$667$441$287$197
34 years$1,375$937$623$406$260$176
35 years$1,321$889$582$373$235$157
36 years$1,271$844$545$344$213$141
37 years$1,223$801$510$317$193$126
38 years$1,177$762$478$292$175$112
39 years$1,134$724$447$269$159$100
40 years$1,094$689$419$248$144$90
41 years$1,055$656$393$229$131$80
42 years$1,019$625$369$211$119$72
43 years$984$595$346$195$108$64
44 years$951$567$325$180$98$57
45 years$919$541$305$166$89$51
46 years$889$516$287$154$81$46
47 years$860$492$269$142$73$41
48 years$833$470$253$131$66$37
49 years$806$449$238$121$60$33
50 years$781$429$224$112$55$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $800,000, adding $3,360 every year, while hoping to spend $39,327 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: 63/31/6 Blend
73$800,000$800,000$800,000$800,000
74$885,066$842,666$830,266$939,695
75$933,499$842,113$816,236$975,961
76$985,554$840,215$800,418$1,010,610
77$1,041,559$836,864$782,711$1,047,415
78$1,101,875$831,947$763,008$1,086,583
79$1,166,896$825,342$741,199$1,128,342
80$1,237,056$816,921$717,166$1,172,945
81$1,312,835$806,548$690,790$1,220,672
82$1,394,754$794,080$661,942$1,271,831
83$1,483,392$779,363$630,490$1,326,766
84$1,579,382$762,235$596,295$1,385,856
85$1,683,421$742,526$559,212$1,449,518
86$1,796,273$720,054$519,090$1,518,218
87$1,918,783$694,627$475,770$1,592,468
88$2,051,877$666,041$429,086$1,672,835
89$2,196,573$634,082$378,865$1,759,946
90$2,353,994$598,523$324,927$1,854,494
91$2,525,373$559,122$267,084$1,957,247
92$2,712,068$515,625$205,138$2,069,052
93$2,915,572$467,764$138,883$2,190,846
94$3,137,530$415,254$68,106$2,323,666
95$3,379,752$357,796$0$2,468,656
96$3,644,230$295,071$0$2,627,558
97$3,933,156$226,744$0$2,805,978
98$4,248,945$152,462$0$3,001,113
99$4,594,255$71,850$0$3,214,685
100$4,972,012$0$0$3,448,600