Can I retire at age 74 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$67,550$66,948$66,361$65,788$65,228$64,790
2 years$33,440$32,818$32,214$31,629$31,061$30,619
3 years$22,072$21,447$20,845$20,265$19,706$19,274
4 years$16,389$15,766$15,170$14,600$14,055$13,636
5 years$12,980$12,360$11,772$11,214$10,684$10,280
6 years$10,708$10,093$9,514$8,968$8,454$8,065
7 years$9,086$8,476$7,906$7,373$6,875$6,501
8 years$7,870$7,266$6,705$6,185$5,704$5,345
9 years$6,925$6,326$5,775$5,268$4,803$4,460
10 years$6,169$5,576$5,035$4,541$4,093$3,764
11 years$5,551$4,964$4,432$3,952$3,520$3,206
12 years$5,036$4,456$3,934$3,467$3,050$2,751
13 years$4,601$4,027$3,514$3,061$2,660$2,374
14 years$4,229$3,660$3,158$2,717$2,332$2,060
15 years$3,906$3,343$2,851$2,423$2,053$1,795
16 years$3,624$3,068$2,585$2,169$1,814$1,569
17 years$3,375$2,825$2,352$1,949$1,609$1,376
18 years$3,155$2,611$2,147$1,757$1,430$1,210
19 years$2,957$2,419$1,966$1,587$1,275$1,067
20 years$2,780$2,248$1,804$1,438$1,139$942
21 years$2,620$2,094$1,659$1,305$1,019$833
22 years$2,474$1,955$1,529$1,186$914$738
23 years$2,342$1,828$1,412$1,080$820$655
24 years$2,220$1,713$1,306$985$737$581
25 years$2,109$1,608$1,210$900$663$517
26 years$2,006$1,511$1,122$823$597$460
27 years$1,911$1,422$1,042$753$539$409
28 years$1,823$1,340$968$690$486$365
29 years$1,741$1,264$901$633$439$325
30 years$1,665$1,194$839$581$397$290
31 years$1,594$1,128$783$533$359$259
32 years$1,527$1,068$730$490$324$231
33 years$1,465$1,011$682$451$293$206
34 years$1,406$958$637$415$266$184
35 years$1,351$909$596$382$241$165
36 years$1,299$863$557$352$218$147
37 years$1,250$819$521$324$198$132
38 years$1,204$779$488$299$179$118
39 years$1,160$741$457$275$162$105
40 years$1,118$705$429$254$147$94
41 years$1,079$671$402$234$134$84
42 years$1,041$639$377$216$121$76
43 years$1,006$609$354$200$110$68
44 years$972$580$332$184$100$61
45 years$940$553$312$170$91$54
46 years$909$528$293$157$82$49
47 years$879$504$275$145$75$43
48 years$851$481$259$134$68$39
49 years$824$459$243$124$62$35
50 years$799$439$229$115$56$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $818,000, adding $4,677 every year, while hoping to spend $49,239 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: 76/11/13 Blend
73$818,000$818,000$818,000$818,000
74$906,260$862,906$850,227$972,393
75$946,309$852,799$826,320$1,006,549
76$988,792$840,546$799,962$1,037,319
77$1,033,907$825,990$771,018$1,069,683
78$1,081,867$808,965$739,349$1,103,784
79$1,132,908$789,295$704,807$1,139,780
80$1,187,286$766,793$667,240$1,177,842
81$1,245,285$741,261$626,488$1,218,164
82$1,307,211$712,490$582,383$1,260,956
83$1,373,403$680,258$534,749$1,306,453
84$1,444,232$644,333$483,405$1,354,915
85$1,520,104$604,466$428,160$1,406,627
86$1,601,465$560,394$368,813$1,461,905
87$1,688,803$511,842$305,157$1,521,100
88$1,782,655$458,517$236,974$1,584,598
89$1,883,611$400,109$164,037$1,652,827
90$1,992,316$336,291$86,109$1,726,258
91$2,109,481$266,718$2,943$1,805,414
92$2,235,887$191,026$0$1,890,871
93$2,372,390$108,829$0$1,995,170
94$2,519,932$19,720$0$2,108,321
95$2,679,548$0$0$2,230,734
96$2,852,377$0$0$2,372,596
97$3,039,669$0$0$2,528,943
98$3,242,800$0$0$2,698,538
99$3,463,283$0$0$2,882,650
100$3,702,780$0$0$3,082,669