Can I retire at age 74 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$66,559$65,966$65,387$64,823$64,272$62,718
2 years$32,950$32,336$31,741$31,165$30,606$29,049
3 years$21,748$21,132$20,539$19,968$19,417$17,908
4 years$16,149$15,534$14,947$14,386$13,849$12,397
5 years$12,790$12,179$11,599$11,049$10,528$9,138
6 years$10,551$9,945$9,374$8,836$8,330$7,004
7 years$8,953$8,352$7,790$7,265$6,775$5,512
8 years$7,755$7,159$6,606$6,094$5,620$4,421
9 years$6,823$6,233$5,690$5,191$4,733$3,595
10 years$6,079$5,494$4,961$4,475$4,033$2,956
11 years$5,470$4,891$4,367$3,894$3,468$2,451
12 years$4,963$4,390$3,876$3,416$3,006$2,046
13 years$4,534$3,967$3,463$3,016$2,621$1,717
14 years$4,167$3,606$3,111$2,677$2,297$1,447
15 years$3,849$3,294$2,809$2,387$2,023$1,224
16 years$3,571$3,023$2,547$2,138$1,788$1,039
17 years$3,326$2,784$2,318$1,921$1,585$884
18 years$3,108$2,572$2,116$1,731$1,409$753
19 years$2,914$2,384$1,937$1,564$1,256$643
20 years$2,739$2,215$1,778$1,417$1,122$550
21 years$2,581$2,063$1,635$1,286$1,004$471
22 years$2,438$1,926$1,507$1,169$900$404
23 years$2,307$1,801$1,391$1,065$808$346
24 years$2,188$1,688$1,287$971$726$298
25 years$2,078$1,584$1,192$887$654$256
26 years$1,977$1,489$1,105$811$589$220
27 years$1,883$1,401$1,026$742$531$189
28 years$1,796$1,320$954$680$479$163
29 years$1,716$1,245$888$624$432$140
30 years$1,641$1,176$827$572$391$121
31 years$1,571$1,112$771$526$353$104
32 years$1,505$1,052$719$483$320$90
33 years$1,443$996$672$444$289$77
34 years$1,386$944$628$409$262$67
35 years$1,331$896$587$376$237$57
36 years$1,280$850$549$346$215$49
37 years$1,232$807$514$319$195$43
38 years$1,186$767$481$294$177$37
39 years$1,143$730$451$271$160$32
40 years$1,102$694$423$250$145$27
41 years$1,063$661$396$231$132$24
42 years$1,026$629$372$213$120$20
43 years$991$600$349$197$108$18
44 years$958$572$327$182$98$15
45 years$926$545$307$168$89$13
46 years$895$520$289$155$81$11
47 years$866$496$271$143$74$10
48 years$839$474$255$132$67$8
49 years$812$452$240$122$61$7
50 years$787$432$225$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $806,000, adding $4,205 every year, while hoping to spend $33,655 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: 68/9/23 Blend
73$806,000$806,000$806,000$806,000
74$892,549$849,831$837,338$947,760
75$947,781$855,665$829,581$991,125
76$1,007,518$860,655$820,435$1,034,279
77$1,072,185$864,727$809,819$1,080,693
78$1,142,247$867,799$797,648$1,130,690
79$1,218,218$869,783$783,831$1,184,623
80$1,300,661$870,587$768,274$1,242,885
81$1,390,196$870,113$750,879$1,305,907
82$1,487,505$868,258$731,542$1,374,165
83$1,593,338$864,910$710,156$1,448,187
84$1,708,520$859,952$686,609$1,528,552
85$1,833,960$853,261$660,781$1,615,902
86$1,970,657$844,703$632,549$1,710,944
87$2,119,710$834,139$601,786$1,814,457
88$2,282,330$821,422$568,355$1,927,304
89$2,459,849$806,393$532,116$2,050,434
90$2,653,733$788,886$492,922$2,184,896
91$2,865,598$768,726$450,619$2,331,846
92$3,097,220$745,724$405,046$2,492,561
93$3,350,557$719,685$356,036$2,668,449
94$3,627,763$690,398$303,412$2,861,062
95$3,931,210$657,644$246,991$3,072,116
96$4,263,511$621,186$186,584$3,303,499
97$4,627,544$580,779$121,989$3,557,298
98$5,026,477$536,160$52,999$3,835,812
99$5,463,799$487,053$0$4,141,579
100$5,943,353$433,166$0$4,482,459