Can I retire at age 74 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$66,228$65,638$65,063$64,501$63,953$63,630
2 years$32,786$32,176$31,584$31,010$30,454$30,128
3 years$21,640$21,027$20,437$19,869$19,321$19,002
4 years$16,069$15,457$14,873$14,314$13,780$13,471
5 years$12,726$12,119$11,542$10,995$10,475$10,176
6 years$10,499$9,896$9,328$8,792$8,289$8,001
7 years$8,909$8,310$7,751$7,229$6,741$6,464
8 years$7,716$7,124$6,574$6,064$5,592$5,326
9 years$6,789$6,202$5,662$5,165$4,710$4,455
10 years$6,048$5,467$4,936$4,452$4,013$3,769
11 years$5,443$4,867$4,346$3,875$3,451$3,218
12 years$4,938$4,368$3,857$3,399$2,991$2,768
13 years$4,511$3,948$3,446$3,001$2,608$2,395
14 years$4,146$3,588$3,096$2,664$2,286$2,083
15 years$3,830$3,278$2,795$2,376$2,013$1,820
16 years$3,553$3,008$2,534$2,127$1,779$1,596
17 years$3,309$2,770$2,306$1,911$1,577$1,403
18 years$3,093$2,559$2,105$1,722$1,402$1,237
19 years$2,900$2,372$1,927$1,556$1,250$1,094
20 years$2,726$2,204$1,769$1,409$1,117$969
21 years$2,569$2,053$1,627$1,279$999$859
22 years$2,426$1,917$1,499$1,163$896$763
23 years$2,296$1,793$1,384$1,059$804$679
24 years$2,177$1,679$1,280$966$723$605
25 years$2,068$1,576$1,186$882$650$539
26 years$1,967$1,481$1,100$807$586$481
27 years$1,874$1,394$1,021$738$528$430
28 years$1,787$1,314$949$677$477$384
29 years$1,707$1,239$884$620$430$344
30 years$1,633$1,170$823$569$389$308
31 years$1,563$1,106$767$523$351$275
32 years$1,497$1,047$716$481$318$247
33 years$1,436$991$668$442$288$221
34 years$1,379$940$625$407$261$198
35 years$1,325$891$584$374$236$178
36 years$1,274$846$546$345$214$159
37 years$1,226$803$511$318$194$143
38 years$1,180$764$479$293$176$128
39 years$1,137$726$449$270$159$115
40 years$1,096$691$420$249$144$104
41 years$1,058$658$394$230$131$93
42 years$1,021$626$370$212$119$83
43 years$986$597$347$196$108$75
44 years$953$569$326$181$98$67
45 years$921$542$306$167$89$61
46 years$891$517$287$154$81$54
47 years$862$494$270$142$73$49
48 years$835$471$254$132$67$44
49 years$808$450$238$122$60$39
50 years$783$430$224$112$55$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $802,000, adding $5,009 every year, while hoping to spend $21,205 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: 59/25/16 Blend
73$802,000$802,000$802,000$802,000
74$888,971$846,465$834,034$937,490
75$957,084$865,380$839,412$989,783
76$1,031,434$884,511$844,260$1,043,998
77$1,112,634$903,846$848,537$1,102,628
78$1,201,361$923,372$852,201$1,166,101
79$1,298,358$943,076$855,207$1,234,892
80$1,404,444$962,940$857,510$1,309,520
81$1,520,521$982,947$859,061$1,390,558
82$1,647,581$1,003,079$859,807$1,478,640
83$1,786,719$1,023,315$859,695$1,574,462
84$1,939,138$1,043,631$858,668$1,678,791
85$2,106,165$1,064,003$856,668$1,792,473
86$2,289,258$1,084,404$853,631$1,916,440
87$2,490,028$1,104,805$849,493$2,051,720
88$2,710,245$1,125,175$844,185$2,199,445
89$2,951,861$1,145,479$837,636$2,360,864
90$3,217,024$1,165,681$829,770$2,537,350
91$3,508,102$1,185,741$820,509$2,730,421
92$3,827,703$1,205,617$809,771$2,941,746
93$4,178,699$1,225,263$797,469$3,173,168
94$4,564,255$1,244,629$783,512$3,426,716
95$4,987,856$1,263,663$767,807$3,704,628
96$5,453,343$1,282,308$750,254$4,009,368
97$5,964,946$1,300,504$730,750$4,343,655
98$6,527,327$1,318,185$709,187$4,710,484
99$7,145,621$1,335,282$685,450$5,113,158
100$7,825,484$1,351,721$659,423$5,555,315