Can I retire at age 74 with 804,000?

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 $804,000?

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$66,394$65,802$65,225$64,662$64,112$63,655
2 years$32,868$32,256$31,663$31,088$30,530$30,068
3 years$21,694$21,080$20,488$19,918$19,369$18,918
4 years$16,109$15,496$14,910$14,350$13,814$13,377
5 years$12,758$12,149$11,571$11,022$10,501$10,080
6 years$10,525$9,920$9,351$8,814$8,309$7,904
7 years$8,931$8,331$7,771$7,247$6,758$6,368
8 years$7,736$7,141$6,590$6,079$5,606$5,232
9 years$6,806$6,218$5,676$5,178$4,721$4,363
10 years$6,063$5,481$4,949$4,464$4,023$3,680
11 years$5,456$4,879$4,357$3,885$3,460$3,133
12 years$4,950$4,379$3,866$3,407$2,998$2,686
13 years$4,523$3,958$3,454$3,008$2,614$2,317
14 years$4,156$3,597$3,104$2,670$2,292$2,009
15 years$3,839$3,286$2,802$2,381$2,018$1,749
16 years$3,562$3,015$2,541$2,132$1,783$1,528
17 years$3,318$2,777$2,312$1,916$1,581$1,339
18 years$3,101$2,566$2,110$1,727$1,406$1,177
19 years$2,907$2,378$1,932$1,560$1,253$1,037
20 years$2,733$2,210$1,773$1,413$1,119$915
21 years$2,575$2,058$1,631$1,282$1,002$808
22 years$2,432$1,921$1,503$1,166$898$716
23 years$2,302$1,797$1,388$1,062$806$634
24 years$2,182$1,684$1,284$969$724$563
25 years$2,073$1,580$1,189$884$652$500
26 years$1,972$1,485$1,103$809$587$444
27 years$1,878$1,398$1,024$740$529$395
28 years$1,792$1,317$952$678$478$352
29 years$1,712$1,242$886$622$431$314
30 years$1,637$1,173$825$571$390$280
31 years$1,567$1,109$769$524$352$249
32 years$1,501$1,049$718$482$319$222
33 years$1,440$994$670$443$288$198
34 years$1,382$942$626$408$261$177
35 years$1,328$893$585$375$237$158
36 years$1,277$848$548$346$214$141
37 years$1,229$805$513$318$194$126
38 years$1,183$765$480$293$176$113
39 years$1,140$728$450$271$160$101
40 years$1,099$692$421$250$145$90
41 years$1,060$659$395$230$131$81
42 years$1,024$628$371$213$119$72
43 years$989$598$348$196$108$64
44 years$955$570$327$181$98$58
45 years$924$544$307$167$89$52
46 years$893$519$288$155$81$46
47 years$864$495$271$143$74$41
48 years$837$473$254$132$67$37
49 years$810$451$239$122$61$33
50 years$785$431$225$113$55$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $804,000, adding $4,002 every year, while hoping to spend $21,851 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: 63/20/17 Blend
73$804,000$804,000$804,000$804,000
74$890,136$847,524$835,062$942,183
75$957,681$865,803$839,787$995,926
76$1,031,382$884,246$843,939$1,051,751
77$1,111,846$902,837$847,473$1,112,195
78$1,199,738$921,560$850,348$1,177,711
79$1,295,792$940,396$852,514$1,248,793
80$1,400,813$959,327$853,924$1,325,991
81$1,515,692$978,329$854,526$1,409,907
82$1,641,406$997,381$854,267$1,501,207
83$1,779,033$1,016,456$853,088$1,600,624
84$1,929,759$1,035,528$850,932$1,708,964
85$2,094,892$1,054,565$847,735$1,827,119
86$2,275,869$1,073,537$843,432$1,956,068
87$2,474,276$1,092,409$837,955$2,096,893
88$2,691,857$1,111,142$831,232$2,250,785
89$2,930,536$1,129,698$823,188$2,419,057
90$3,192,430$1,148,032$813,744$2,603,157
91$3,479,871$1,166,098$802,817$2,804,679
92$3,795,428$1,183,847$790,321$3,025,382
93$4,141,930$1,201,225$776,166$3,267,203
94$4,522,496$1,218,174$760,257$3,532,277
95$4,940,560$1,234,634$742,495$3,822,960
96$5,399,905$1,250,538$722,776$4,141,845
97$5,904,698$1,265,817$700,991$4,491,793
98$6,459,530$1,280,396$677,028$4,875,955
99$7,069,462$1,294,194$650,768$5,297,806
100$7,740,064$1,307,127$622,086$5,761,176