Can I retire at age 74 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$67,880$67,275$66,685$66,110$65,547$63,577
2 years$33,604$32,978$32,372$31,783$31,213$29,244
3 years$22,180$21,552$20,947$20,364$19,803$17,897
4 years$16,469$15,843$15,244$14,671$14,124$12,296
5 years$13,044$12,421$11,830$11,269$10,737$8,992
6 years$10,761$10,143$9,560$9,012$8,495$6,836
7 years$9,131$8,518$7,945$7,409$6,909$5,334
8 years$7,909$7,301$6,738$6,215$5,732$4,241
9 years$6,959$6,357$5,803$5,294$4,827$3,418
10 years$6,199$5,603$5,059$4,564$4,113$2,784
11 years$5,578$4,988$4,454$3,972$3,537$2,286
12 years$5,061$4,477$3,953$3,484$3,065$1,889
13 years$4,624$4,046$3,532$3,076$2,673$1,570
14 years$4,249$3,678$3,173$2,730$2,343$1,309
15 years$3,925$3,360$2,865$2,435$2,063$1,096
16 years$3,642$3,083$2,598$2,180$1,823$920
17 years$3,392$2,839$2,364$1,959$1,617$774
18 years$3,170$2,623$2,158$1,765$1,437$653
19 years$2,972$2,431$1,975$1,595$1,281$551
20 years$2,794$2,259$1,813$1,445$1,144$466
21 years$2,633$2,104$1,667$1,311$1,024$394
22 years$2,487$1,964$1,537$1,192$918$334
23 years$2,353$1,837$1,419$1,086$824$283
24 years$2,231$1,721$1,312$990$741$241
25 years$2,119$1,615$1,215$904$666$204
26 years$2,016$1,518$1,127$827$600$173
27 years$1,921$1,429$1,047$757$541$147
28 years$1,832$1,346$973$693$488$125
29 years$1,750$1,270$906$636$441$107
30 years$1,673$1,200$843$584$398$91
31 years$1,602$1,134$786$536$360$77
32 years$1,535$1,073$734$493$326$66
33 years$1,472$1,016$685$453$295$56
34 years$1,413$963$640$417$267$48
35 years$1,358$913$598$384$242$40
36 years$1,306$867$560$353$219$34
37 years$1,256$823$524$326$199$29
38 years$1,210$783$491$300$180$25
39 years$1,166$744$460$277$163$21
40 years$1,124$708$431$255$148$18
41 years$1,084$674$404$235$134$15
42 years$1,047$642$379$217$122$13
43 years$1,011$612$356$201$111$11
44 years$977$583$334$185$100$10
45 years$944$556$313$171$91$8
46 years$913$530$294$158$83$7
47 years$884$506$277$146$75$6
48 years$855$483$260$135$68$5
49 years$828$461$244$125$62$4
50 years$803$441$230$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $822,000, adding $2,486 every year, while hoping to spend $44,125 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: 68/22/10 Blend
73$822,000$822,000$822,000$822,000
74$908,408$864,842$852,101$968,164
75$954,117$860,271$833,698$1,003,593
76$1,003,010$853,997$813,199$1,036,788
77$1,055,364$845,889$790,489$1,071,929
78$1,111,484$835,812$765,443$1,109,201
79$1,171,706$823,617$737,936$1,148,807
80$1,236,396$809,150$707,833$1,190,973
81$1,305,958$792,248$674,995$1,235,950
82$1,380,833$772,736$639,275$1,284,013
83$1,461,509$750,430$600,521$1,335,468
84$1,548,518$725,136$558,574$1,390,655
85$1,642,447$696,648$513,266$1,449,947
86$1,743,940$664,747$464,424$1,513,761
87$1,853,705$629,203$411,865$1,582,553
88$1,972,520$589,771$355,400$1,656,832
89$2,101,242$546,195$294,830$1,737,159
90$2,240,810$498,199$229,949$1,824,154
91$2,392,259$445,498$160,538$1,918,505
92$2,556,726$387,784$86,374$2,020,969
93$2,735,464$324,738$7,219$2,132,387
94$2,929,849$256,017$0$2,253,685
95$3,141,394$181,263$0$2,394,133
96$3,371,768$100,096$0$2,547,980
97$3,622,803$12,116$0$2,715,735
98$3,896,518$0$0$2,898,814
99$4,195,134$0$0$3,118,895
100$4,521,095$0$0$3,362,377