Can I retire at age 74 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$67,054$66,457$65,874$65,305$64,750$62,753
2 years$33,195$32,577$31,978$31,397$30,833$28,839
3 years$21,910$21,289$20,692$20,116$19,562$17,632
4 years$16,269$15,650$15,058$14,493$13,952$12,102
5 years$12,885$12,270$11,686$11,132$10,606$8,841
6 years$10,630$10,019$9,444$8,902$8,392$6,714
7 years$9,020$8,414$7,848$7,319$6,825$5,233
8 years$7,812$7,212$6,656$6,140$5,662$4,155
9 years$6,874$6,280$5,733$5,230$4,768$3,345
10 years$6,124$5,535$4,998$4,508$4,063$2,721
11 years$5,510$4,928$4,400$3,923$3,494$2,231
12 years$5,000$4,423$3,905$3,441$3,028$1,842
13 years$4,568$3,997$3,489$3,038$2,640$1,528
14 years$4,198$3,633$3,135$2,697$2,315$1,273
15 years$3,877$3,319$2,830$2,405$2,038$1,064
16 years$3,597$3,045$2,566$2,154$1,801$892
17 years$3,351$2,804$2,335$1,935$1,597$749
18 years$3,132$2,591$2,131$1,744$1,420$631
19 years$2,936$2,402$1,951$1,576$1,266$532
20 years$2,760$2,232$1,791$1,427$1,131$449
21 years$2,601$2,079$1,647$1,295$1,012$380
22 years$2,456$1,940$1,518$1,178$907$321
23 years$2,325$1,815$1,402$1,072$814$272
24 years$2,204$1,700$1,296$978$732$230
25 years$2,093$1,596$1,201$893$658$195
26 years$1,991$1,500$1,114$817$593$166
27 years$1,897$1,411$1,034$748$535$140
28 years$1,810$1,330$961$685$482$119
29 years$1,729$1,255$895$628$436$101
30 years$1,653$1,185$833$576$394$86
31 years$1,582$1,120$777$529$356$73
32 years$1,516$1,060$725$487$322$62
33 years$1,454$1,004$677$447$291$53
34 years$1,396$951$632$412$264$45
35 years$1,341$902$591$379$239$38
36 years$1,290$856$553$349$216$32
37 years$1,241$813$518$322$196$27
38 years$1,195$773$485$296$178$23
39 years$1,151$735$454$273$161$20
40 years$1,110$699$426$252$146$17
41 years$1,071$666$399$233$133$14
42 years$1,034$634$374$215$120$12
43 years$998$604$351$198$109$10
44 years$965$576$330$183$99$9
45 years$933$549$310$169$90$8
46 years$902$524$291$156$82$6
47 years$873$500$273$144$74$5
48 years$845$477$257$133$67$5
49 years$818$456$241$123$61$4
50 years$793$435$227$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $812,000, adding $5,511 every year, while hoping to spend $48,794 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: 80/7/13 Blend
73$812,000$812,000$812,000$812,000
74$900,509$857,473$844,887$969,859
75$940,444$847,572$821,274$1,006,315
76$982,818$835,552$795,235$1,039,437
77$1,027,826$821,255$766,636$1,074,375
78$1,075,686$804,518$735,340$1,111,290
79$1,126,632$785,166$701,200$1,150,357
80$1,180,924$763,014$664,066$1,191,770
81$1,238,843$737,867$623,777$1,235,743
82$1,300,701$709,518$580,169$1,282,512
83$1,366,836$677,748$533,069$1,332,338
84$1,437,621$642,325$482,294$1,385,506
85$1,513,465$603,005$427,657$1,442,335
86$1,594,814$559,528$368,959$1,503,173
87$1,682,160$511,621$305,995$1,568,406
88$1,776,044$458,993$238,549$1,638,459
89$1,877,056$401,339$166,396$1,713,802
90$1,985,846$338,336$89,301$1,794,953
91$2,103,129$269,641$7,019$1,882,484
92$2,229,689$194,894$0$1,977,024
93$2,366,387$113,714$0$2,090,477
94$2,514,171$25,698$0$2,214,171
95$2,674,080$0$0$2,348,019
96$2,847,259$0$0$2,498,354
97$3,034,966$0$0$2,663,465
98$3,238,584$0$0$2,842,591
99$3,459,633$0$0$3,037,073
100$3,699,786$0$0$3,248,384