Can I retire at age 74 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$68,623$68,012$67,416$66,833$66,265$65,546
2 years$33,972$33,339$32,726$32,131$31,555$30,831
3 years$22,423$21,788$21,176$20,587$20,020$19,313
4 years$16,650$16,016$15,411$14,832$14,278$13,594
5 years$13,187$12,557$11,959$11,392$10,854$10,195
6 years$10,879$10,254$9,665$9,110$8,588$7,955
7 years$9,231$8,611$8,032$7,490$6,985$6,378
8 years$7,995$7,381$6,811$6,283$5,794$5,214
9 years$7,035$6,427$5,867$5,352$4,880$4,325
10 years$6,267$5,665$5,115$4,613$4,158$3,628
11 years$5,639$5,043$4,503$4,015$3,576$3,071
12 years$5,117$4,526$3,996$3,522$3,099$2,619
13 years$4,674$4,090$3,570$3,109$2,702$2,246
14 years$4,296$3,718$3,208$2,760$2,369$1,936
15 years$3,968$3,397$2,896$2,461$2,086$1,675
16 years$3,682$3,116$2,626$2,204$1,843$1,455
17 years$3,429$2,870$2,390$1,980$1,634$1,267
18 years$3,205$2,652$2,181$1,785$1,453$1,106
19 years$3,004$2,458$1,997$1,613$1,295$968
20 years$2,824$2,284$1,833$1,460$1,157$848
21 years$2,662$2,127$1,686$1,325$1,035$745
22 years$2,514$1,986$1,554$1,205$928$655
23 years$2,379$1,857$1,435$1,098$833$577
24 years$2,256$1,740$1,327$1,001$749$508
25 years$2,142$1,633$1,229$914$674$448
26 years$2,038$1,535$1,140$836$607$396
27 years$1,942$1,444$1,058$765$547$349
28 years$1,852$1,361$984$701$494$309
29 years$1,769$1,284$915$643$446$273
30 years$1,692$1,213$853$590$403$242
31 years$1,619$1,146$795$542$364$214
32 years$1,552$1,085$742$498$329$189
33 years$1,488$1,027$693$458$298$168
34 years$1,429$974$647$421$270$149
35 years$1,373$923$605$388$244$132
36 years$1,320$876$566$357$222$117
37 years$1,270$832$530$329$201$104
38 years$1,223$791$496$303$182$92
39 years$1,178$752$465$280$165$82
40 years$1,136$716$436$258$150$72
41 years$1,096$681$408$238$136$64
42 years$1,058$649$383$220$123$57
43 years$1,022$618$360$203$112$51
44 years$987$589$337$187$102$45
45 years$955$562$317$173$92$40
46 years$923$536$298$160$84$35
47 years$893$512$280$148$76$31
48 years$865$488$263$136$69$28
49 years$837$466$247$126$63$25
50 years$811$445$232$116$57$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $831,000, adding $4,064 every year, while hoping to spend $58,275 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: 87/5/8 Blend
73$831,000$831,000$831,000$831,000
74$919,954$875,911$863,031$998,900
75$951,785$856,827$829,938$1,031,895
76$984,910$834,854$793,784$1,059,694
77$1,019,399$809,790$754,403$1,088,379
78$1,055,328$781,419$711,626$1,117,995
79$1,092,777$749,515$665,272$1,148,595
80$1,131,836$713,837$615,154$1,180,235
81$1,172,598$674,129$561,076$1,212,975
82$1,215,165$630,123$502,834$1,246,883
83$1,259,647$581,535$440,214$1,282,031
84$1,306,163$528,062$372,993$1,318,501
85$1,354,841$469,387$300,938$1,356,378
86$1,405,822$405,174$223,807$1,395,760
87$1,459,255$335,067$141,344$1,436,752
88$1,515,305$258,691$53,285$1,479,468
89$1,574,149$175,650$0$1,524,037
90$1,635,980$85,524$0$1,574,070
91$1,701,008$0$0$1,631,327
92$1,769,460$0$0$1,692,118
93$1,841,585$0$0$1,761,131
94$1,917,654$0$0$1,833,920
95$1,997,961$0$0$1,910,768
96$2,082,828$0$0$1,991,984
97$2,172,605$0$0$2,077,902
98$2,267,675$0$0$2,168,890
99$2,368,456$0$0$2,265,348
100$2,475,406$0$0$2,367,715