Can I retire at age 74 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$66,146$65,557$64,982$64,421$63,873$61,878
2 years$32,745$32,136$31,545$30,972$30,416$28,423
3 years$21,613$21,001$20,411$19,844$19,297$17,370
4 years$16,049$15,438$14,854$14,296$13,763$11,916
5 years$12,710$12,104$11,528$10,981$10,462$8,700
6 years$10,486$9,883$9,316$8,782$8,278$6,603
7 years$8,897$8,300$7,742$7,220$6,733$5,144
8 years$7,707$7,115$6,565$6,056$5,585$4,082
9 years$6,781$6,195$5,655$5,159$4,704$3,284
10 years$6,041$5,460$4,930$4,447$4,008$2,670
11 years$5,436$4,861$4,340$3,870$3,447$2,188
12 years$4,932$4,363$3,852$3,395$2,987$1,805
13 years$4,506$3,943$3,441$2,997$2,605$1,496
14 years$4,141$3,584$3,092$2,660$2,283$1,246
15 years$3,825$3,274$2,792$2,373$2,010$1,041
16 years$3,549$3,004$2,531$2,124$1,777$872
17 years$3,305$2,766$2,303$1,909$1,575$732
18 years$3,089$2,556$2,103$1,720$1,401$616
19 years$2,896$2,369$1,925$1,554$1,249$519
20 years$2,722$2,202$1,767$1,408$1,115$438
21 years$2,565$2,051$1,625$1,278$998$369
22 years$2,423$1,914$1,498$1,162$895$312
23 years$2,293$1,790$1,383$1,058$803$264
24 years$2,174$1,677$1,279$965$722$224
25 years$2,065$1,574$1,184$881$649$189
26 years$1,964$1,479$1,098$806$585$161
27 years$1,871$1,392$1,020$737$527$136
28 years$1,785$1,312$948$676$476$115
29 years$1,705$1,238$882$620$430$98
30 years$1,630$1,169$822$569$388$83
31 years$1,561$1,105$766$522$351$71
32 years$1,496$1,046$715$480$318$60
33 years$1,434$990$668$441$287$51
34 years$1,377$938$624$406$260$43
35 years$1,323$890$583$374$236$37
36 years$1,272$845$546$344$214$31
37 years$1,224$802$511$317$194$26
38 years$1,179$763$478$292$175$22
39 years$1,136$725$448$270$159$19
40 years$1,095$690$420$249$144$16
41 years$1,056$657$394$229$131$14
42 years$1,020$625$369$212$119$12
43 years$985$596$347$195$108$10
44 years$952$568$325$180$98$8
45 years$920$542$305$167$89$7
46 years$890$517$287$154$81$6
47 years$861$493$270$142$73$5
48 years$834$471$253$131$67$4
49 years$807$450$238$121$60$4
50 years$782$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $801,000, adding $3,295 every year, while hoping to spend $48,927 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: 28/45/27 Blend
73$801,000$801,000$801,000$801,000
74$886,101$843,648$831,232$903,408
75$924,425$832,929$807,021$906,725
76$965,019$820,044$780,358$905,826
77$1,008,061$804,837$751,111$903,869
78$1,053,750$787,140$719,139$900,795
79$1,102,298$766,776$684,296$896,547
80$1,153,943$743,558$646,430$891,067
81$1,208,940$717,288$605,381$884,295
82$1,267,571$687,754$560,981$876,174
83$1,330,146$654,737$513,056$866,644
84$1,397,002$618,000$461,424$855,649
85$1,468,509$577,294$405,894$843,132
86$1,545,073$532,359$346,269$829,040
87$1,627,141$482,915$282,339$813,321
88$1,715,201$428,668$213,888$795,927
89$1,809,788$369,310$140,691$776,814
90$1,911,492$304,512$62,509$755,943
91$2,020,958$233,927$0$733,280
92$2,138,897$157,191$0$714,830
93$2,266,087$73,916$0$714,156
94$2,403,385$0$0$713,303
95$2,551,731$0$0$720,431
96$2,712,159$0$0$767,825
97$2,885,806$0$0$819,230
98$3,073,920$0$0$875,032
99$3,277,876$0$0$935,650
100$3,499,183$0$0$1,001,550