Can I retire at age 74 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$66,724$66,130$65,550$64,984$64,431$63,865
2 years$33,032$32,416$31,820$31,242$30,681$30,111
3 years$21,802$21,185$20,590$20,017$19,466$18,908
4 years$16,189$15,573$14,984$14,421$13,883$13,343
5 years$12,822$12,209$11,628$11,077$10,554$10,033
6 years$10,577$9,970$9,397$8,858$8,351$7,850
7 years$8,975$8,373$7,809$7,283$6,791$6,311
8 years$7,774$7,177$6,623$6,109$5,634$5,173
9 years$6,840$6,249$5,704$5,204$4,745$4,304
10 years$6,094$5,508$4,973$4,486$4,043$3,622
11 years$5,483$4,903$4,378$3,904$3,477$3,075
12 years$4,975$4,401$3,886$3,424$3,013$2,630
13 years$4,545$3,977$3,472$3,023$2,627$2,263
14 years$4,177$3,615$3,119$2,684$2,303$1,957
15 years$3,858$3,303$2,816$2,393$2,028$1,699
16 years$3,580$3,030$2,553$2,143$1,792$1,481
17 years$3,334$2,791$2,323$1,925$1,589$1,294
18 years$3,116$2,579$2,121$1,735$1,413$1,134
19 years$2,921$2,390$1,942$1,568$1,259$996
20 years$2,746$2,221$1,782$1,420$1,125$876
21 years$2,588$2,069$1,639$1,289$1,007$772
22 years$2,444$1,931$1,511$1,172$902$681
23 years$2,313$1,806$1,395$1,067$810$602
24 years$2,193$1,692$1,290$973$728$533
25 years$2,083$1,588$1,195$889$655$472
26 years$1,982$1,492$1,108$813$590$418
27 years$1,888$1,404$1,029$744$532$371
28 years$1,801$1,323$957$682$480$329
29 years$1,720$1,249$890$625$433$292
30 years$1,645$1,179$829$574$392$260
31 years$1,574$1,115$773$527$354$231
32 years$1,509$1,055$721$484$320$205
33 years$1,447$999$673$445$290$182
34 years$1,389$947$629$410$262$162
35 years$1,335$898$588$377$238$145
36 years$1,283$852$550$347$215$129
37 years$1,235$809$515$320$195$115
38 years$1,189$769$482$295$177$102
39 years$1,146$731$452$272$160$91
40 years$1,105$696$424$251$146$81
41 years$1,066$662$397$231$132$72
42 years$1,029$631$373$214$120$64
43 years$994$601$350$197$109$57
44 years$960$573$328$182$99$51
45 years$928$546$308$168$90$46
46 years$898$521$289$155$81$41
47 years$869$497$272$143$74$36
48 years$841$475$255$133$67$32
49 years$814$453$240$123$61$29
50 years$789$433$226$113$55$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $808,000, adding $3,189 every year, while hoping to spend $28,871 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: 74/6/20 Blend
73$808,000$808,000$808,000$808,000
74$893,705$850,881$838,357$955,362
75$954,145$861,856$835,724$1,007,690
76$1,019,782$872,401$832,035$1,061,199
77$1,091,115$882,464$827,223$1,119,094
78$1,168,695$891,991$821,222$1,181,805
79$1,253,126$900,923$813,957$1,249,808
80$1,345,074$909,197$805,353$1,323,625
81$1,445,270$916,746$795,331$1,403,833
82$1,554,521$923,500$783,808$1,491,067
83$1,673,713$929,383$770,697$1,586,029
84$1,803,822$934,313$755,906$1,689,489
85$1,945,924$938,207$739,340$1,802,300
86$2,101,200$940,971$720,900$1,925,400
87$2,270,954$942,510$700,482$2,059,822
88$2,456,619$942,720$677,975$2,206,709
89$2,659,773$941,492$653,267$2,367,316
90$2,882,155$938,711$626,236$2,543,029
91$3,125,679$934,252$596,760$2,735,376
92$3,392,454$927,986$564,706$2,946,041
93$3,684,800$919,773$529,940$3,176,879
94$4,005,274$909,466$492,318$3,429,939
95$4,356,693$896,911$451,691$3,707,474
96$4,742,157$881,941$407,904$4,011,972
97$5,165,082$864,381$360,794$4,346,174
98$5,629,231$844,046$310,191$4,713,102
99$6,138,749$820,741$255,918$5,116,087
100$6,698,200$794,256$197,791$5,558,800