Can I retire at age 74 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$68,293$67,685$67,091$66,512$65,946$64,800
2 years$33,808$33,179$32,568$31,977$31,403$30,252
3 years$22,315$21,683$21,074$20,488$19,923$18,804
4 years$16,569$15,939$15,336$14,760$14,209$13,129
5 years$13,123$12,496$11,902$11,337$10,802$9,764
6 years$10,826$10,204$9,618$9,067$8,547$7,554
7 years$9,186$8,570$7,993$7,454$6,951$6,002
8 years$7,957$7,346$6,779$6,253$5,767$4,861
9 years$7,001$6,396$5,838$5,326$4,856$3,994
10 years$6,237$5,638$5,090$4,591$4,138$3,319
11 years$5,612$5,019$4,481$3,996$3,559$2,781
12 years$5,092$4,505$3,977$3,505$3,084$2,347
13 years$4,652$4,071$3,553$3,094$2,689$1,992
14 years$4,275$3,700$3,193$2,747$2,357$1,699
15 years$3,949$3,380$2,882$2,450$2,076$1,454
16 years$3,664$3,101$2,613$2,193$1,834$1,249
17 years$3,413$2,856$2,378$1,971$1,627$1,075
18 years$3,189$2,639$2,171$1,776$1,446$928
19 years$2,990$2,446$1,987$1,605$1,289$803
20 years$2,811$2,273$1,824$1,453$1,151$695
21 years$2,649$2,117$1,678$1,319$1,030$603
22 years$2,502$1,976$1,546$1,199$924$524
23 years$2,368$1,848$1,428$1,092$829$456
24 years$2,245$1,732$1,320$996$745$396
25 years$2,132$1,625$1,223$910$671$345
26 years$2,028$1,527$1,134$832$604$301
27 years$1,932$1,438$1,053$761$545$262
28 years$1,843$1,355$979$698$491$229
29 years$1,760$1,278$911$640$444$200
30 years$1,683$1,207$849$587$401$175
31 years$1,611$1,141$791$539$362$153
32 years$1,544$1,079$738$496$328$133
33 years$1,481$1,022$689$456$297$117
34 years$1,422$969$644$419$269$102
35 years$1,366$919$602$386$243$89
36 years$1,313$872$563$355$220$78
37 years$1,264$828$527$328$200$68
38 years$1,217$787$494$302$181$60
39 years$1,173$749$463$278$164$52
40 years$1,131$712$434$257$149$46
41 years$1,091$678$406$237$135$40
42 years$1,053$646$381$219$123$35
43 years$1,017$615$358$202$111$31
44 years$983$586$336$186$101$27
45 years$950$559$315$172$92$23
46 years$919$533$296$159$83$21
47 years$889$509$278$147$76$18
48 years$861$486$261$136$69$16
49 years$833$464$246$125$62$14
50 years$807$443$231$116$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $827,000, adding $3,613 every year, while hoping to spend $47,849 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: 72/10/18 Blend
73$827,000$827,000$827,000$827,000
74$915,081$871,250$858,431$976,835
75$957,508$863,030$836,278$1,010,125
76$1,002,659$852,804$811,778$1,040,455
77$1,050,762$840,422$784,804$1,072,444
78$1,102,064$825,728$755,220$1,106,248
79$1,156,839$808,553$722,884$1,142,041
80$1,215,386$788,722$687,650$1,180,012
81$1,278,032$766,046$649,363$1,220,375
82$1,345,136$740,327$607,862$1,263,363
83$1,417,092$711,355$562,977$1,309,235
84$1,494,333$678,908$514,534$1,358,278
85$1,577,332$642,752$462,348$1,410,811
86$1,666,610$602,637$406,227$1,467,184
87$1,762,738$558,300$345,970$1,527,786
88$1,866,345$509,465$281,367$1,593,047
89$1,978,120$455,836$212,201$1,663,443
90$2,098,820$397,104$138,241$1,739,501
91$2,229,278$332,940$59,251$1,821,802
92$2,370,409$262,999$0$1,910,989
93$2,523,218$186,913$0$2,012,584
94$2,688,811$104,296$0$2,135,021
95$2,868,403$14,740$0$2,267,828
96$3,063,332$0$0$2,412,022
97$3,275,067$0$0$2,577,764
98$3,505,227$0$0$2,759,726
99$3,755,590$0$0$2,957,698
100$4,028,114$0$0$3,173,233