Can I retire at age 74 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$67,385$66,784$66,199$65,627$65,069$64,443
2 years$33,359$32,737$32,135$31,551$30,985$30,355
3 years$22,018$21,394$20,794$20,215$19,658$19,043
4 years$16,349$15,727$15,132$14,564$14,020$13,425
5 years$12,949$12,330$11,743$11,187$10,658$10,084
6 years$10,682$10,069$9,490$8,946$8,433$7,881
7 years$9,064$8,456$7,887$7,355$6,859$6,329
8 years$7,851$7,248$6,688$6,170$5,690$5,182
9 years$6,908$6,311$5,761$5,255$4,792$4,306
10 years$6,154$5,563$5,022$4,530$4,083$3,619
11 years$5,538$4,952$4,422$3,943$3,511$3,069
12 years$5,024$4,445$3,924$3,458$3,043$2,622
13 years$4,590$4,017$3,506$3,053$2,653$2,253
14 years$4,218$3,651$3,150$2,710$2,326$1,946
15 years$3,897$3,335$2,844$2,417$2,048$1,687
16 years$3,615$3,060$2,579$2,164$1,810$1,468
17 years$3,367$2,818$2,346$1,944$1,605$1,281
18 years$3,147$2,604$2,142$1,752$1,427$1,121
19 years$2,950$2,413$1,961$1,583$1,272$983
20 years$2,773$2,243$1,800$1,434$1,136$864
21 years$2,613$2,089$1,655$1,302$1,017$760
22 years$2,468$1,950$1,526$1,183$911$670
23 years$2,336$1,824$1,409$1,078$818$591
24 years$2,215$1,709$1,303$983$735$522
25 years$2,104$1,604$1,207$898$662$461
26 years$2,001$1,507$1,119$821$596$408
27 years$1,907$1,418$1,039$751$537$362
28 years$1,819$1,337$966$688$485$320
29 years$1,737$1,261$899$631$438$284
30 years$1,661$1,191$837$579$396$252
31 years$1,590$1,126$781$532$358$224
32 years$1,524$1,065$728$489$324$198
33 years$1,461$1,009$680$450$293$176
34 years$1,403$956$635$414$265$157
35 years$1,348$907$594$381$240$139
36 years$1,296$861$556$351$218$124
37 years$1,247$817$520$323$197$110
38 years$1,201$777$487$298$179$98
39 years$1,157$739$456$275$162$87
40 years$1,116$703$428$253$147$77
41 years$1,076$669$401$234$133$69
42 years$1,039$637$376$216$121$61
43 years$1,003$607$353$199$110$54
44 years$970$579$331$184$100$48
45 years$937$552$311$170$91$43
46 years$907$526$292$157$82$38
47 years$877$502$275$145$75$34
48 years$849$480$258$134$68$30
49 years$822$458$243$124$62$27
50 years$797$437$228$114$56$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $816,000, adding $2,487 every year, while hoping to spend $49,322 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: 70/24/6 Blend
73$816,000$816,000$816,000$816,000
74$901,797$858,549$845,901$964,031
75$941,302$848,140$821,761$995,075
76$983,184$835,568$795,159$1,022,709
77$1,027,632$820,674$765,960$1,051,581
78$1,074,856$803,292$734,024$1,081,803
79$1,125,081$783,244$699,205$1,113,495
80$1,178,559$760,342$661,347$1,146,793
81$1,235,560$734,387$620,291$1,181,848
82$1,296,385$705,170$575,868$1,218,828
83$1,361,360$672,467$527,903$1,257,917
84$1,430,844$636,043$476,213$1,299,322
85$1,505,230$595,648$420,606$1,343,271
86$1,584,949$551,021$360,882$1,390,020
87$1,670,474$501,881$296,832$1,439,849
88$1,762,325$447,936$228,238$1,493,072
89$1,861,070$388,873$154,873$1,550,035
90$1,967,336$324,364$76,497$1,611,125
91$2,081,808$254,062$0$1,676,768
92$2,205,241$177,600$0$1,747,895
93$2,338,464$94,590$0$1,829,829
94$2,482,386$4,624$0$1,918,268
95$2,638,009$0$0$2,013,875
96$2,806,432$0$0$2,141,872
97$2,988,863$0$0$2,281,874
98$3,186,631$0$0$2,433,685
99$3,401,198$0$0$2,598,431
100$3,634,172$0$0$2,777,351