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%17.4%
1 years$66,394$65,802$65,225$64,662$64,112$62,184
2 years$32,868$32,256$31,663$31,088$30,530$28,604
3 years$21,694$21,080$20,488$19,918$19,369$17,506
4 years$16,109$15,496$14,910$14,350$13,814$12,027
5 years$12,758$12,149$11,571$11,022$10,501$8,796
6 years$10,525$9,920$9,351$8,814$8,309$6,686
7 years$8,931$8,331$7,771$7,247$6,758$5,217
8 years$7,736$7,141$6,590$6,079$5,606$4,148
9 years$6,806$6,218$5,676$5,178$4,721$3,343
10 years$6,063$5,481$4,949$4,464$4,023$2,723
11 years$5,456$4,879$4,357$3,885$3,460$2,236
12 years$4,950$4,379$3,866$3,407$2,998$1,848
13 years$4,523$3,958$3,454$3,008$2,614$1,535
14 years$4,156$3,597$3,104$2,670$2,292$1,281
15 years$3,839$3,286$2,802$2,381$2,018$1,072
16 years$3,562$3,015$2,541$2,132$1,783$900
17 years$3,318$2,777$2,312$1,916$1,581$757
18 years$3,101$2,566$2,110$1,727$1,406$638
19 years$2,907$2,378$1,932$1,560$1,253$539
20 years$2,733$2,210$1,773$1,413$1,119$456
21 years$2,575$2,058$1,631$1,282$1,002$386
22 years$2,432$1,921$1,503$1,166$898$327
23 years$2,302$1,797$1,388$1,062$806$277
24 years$2,182$1,684$1,284$969$724$235
25 years$2,073$1,580$1,189$884$652$200
26 years$1,972$1,485$1,103$809$587$170
27 years$1,878$1,398$1,024$740$529$144
28 years$1,792$1,317$952$678$478$123
29 years$1,712$1,242$886$622$431$104
30 years$1,637$1,173$825$571$390$89
31 years$1,567$1,109$769$524$352$75
32 years$1,501$1,049$718$482$319$64
33 years$1,440$994$670$443$288$55
34 years$1,382$942$626$408$261$46
35 years$1,328$893$585$375$237$40
36 years$1,277$848$548$346$214$34
37 years$1,229$805$513$318$194$29
38 years$1,183$765$480$293$176$24
39 years$1,140$728$450$271$160$21
40 years$1,099$692$421$250$145$18
41 years$1,060$659$395$230$131$15
42 years$1,024$628$371$213$119$13
43 years$989$598$348$196$108$11
44 years$955$570$327$181$98$9
45 years$924$544$307$167$89$8
46 years$893$519$288$155$81$7
47 years$864$495$271$143$74$6
48 years$837$473$254$132$67$5
49 years$810$451$239$122$61$4
50 years$785$431$225$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $804,000, adding $3,337 every year, while hoping to spend $57,835 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: 34/40/26 Blend
73$804,000$804,000$804,000$804,000
74$889,450$846,838$834,376$912,581
75$918,638$826,797$800,792$910,176
76$948,865$803,836$764,144$902,142
77$980,175$777,750$724,269$892,338
78$1,012,617$748,324$680,996$880,648
79$1,046,240$715,328$634,145$866,946
80$1,081,098$678,521$583,531$851,100
81$1,117,249$637,647$528,958$832,973
82$1,154,752$592,435$470,222$812,417
83$1,193,672$542,600$407,109$789,282
84$1,234,077$487,838$339,398$763,405
85$1,276,042$427,830$266,857$734,618
86$1,319,643$362,239$189,242$702,743
87$1,364,966$290,708$106,300$667,594
88$1,412,099$212,859$17,768$628,976
89$1,461,138$128,295$0$586,684
90$1,512,187$36,594$0$561,784
91$1,565,357$0$0$539,412
92$1,620,766$0$0$542,075
93$1,678,543$0$0$561,669
94$1,738,826$0$0$582,137
95$1,801,763$0$0$603,533
96$1,867,515$0$0$625,916
97$1,936,256$0$0$649,347
98$2,008,174$0$0$673,895
99$2,083,472$0$0$699,634
100$2,162,370$0$0$726,644