Can I retire at age 74 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$68,706$68,094$67,497$66,914$66,345$65,762
2 years$34,013$33,379$32,765$32,170$31,593$31,005
3 years$22,450$21,814$21,201$20,612$20,044$19,470
4 years$16,670$16,035$15,429$14,850$14,295$13,739
5 years$13,202$12,572$11,974$11,406$10,867$10,331
6 years$10,892$10,266$9,677$9,121$8,599$8,083
7 years$9,242$8,621$8,041$7,499$6,993$6,498
8 years$8,005$7,390$6,820$6,291$5,801$5,327
9 years$7,043$6,434$5,874$5,358$4,886$4,432
10 years$6,275$5,672$5,121$4,619$4,163$3,729
11 years$5,646$5,049$4,508$4,020$3,580$3,167
12 years$5,123$4,532$4,001$3,526$3,103$2,708
13 years$4,680$4,095$3,575$3,113$2,705$2,330
14 years$4,301$3,723$3,212$2,763$2,372$2,015
15 years$3,973$3,401$2,900$2,464$2,088$1,750
16 years$3,686$3,120$2,629$2,207$1,845$1,525
17 years$3,433$2,873$2,392$1,983$1,636$1,333
18 years$3,209$2,655$2,184$1,787$1,455$1,168
19 years$3,008$2,461$1,999$1,614$1,297$1,025
20 years$2,828$2,287$1,835$1,462$1,158$902
21 years$2,665$2,130$1,688$1,327$1,037$795
22 years$2,517$1,988$1,555$1,207$929$702
23 years$2,382$1,860$1,436$1,099$834$620
24 years$2,258$1,742$1,328$1,002$750$548
25 years$2,145$1,635$1,230$915$675$486
26 years$2,041$1,537$1,141$837$608$430
27 years$1,944$1,446$1,060$766$548$382
28 years$1,854$1,363$985$702$494$339
29 years$1,771$1,286$917$644$446$301
30 years$1,694$1,214$854$591$403$267
31 years$1,621$1,148$796$542$365$238
32 years$1,553$1,086$743$499$330$211
33 years$1,490$1,028$693$458$299$188
34 years$1,430$975$648$422$270$167
35 years$1,374$925$606$388$245$149
36 years$1,321$878$567$358$222$132
37 years$1,272$833$530$330$201$118
38 years$1,224$792$497$304$182$105
39 years$1,180$753$465$280$165$94
40 years$1,137$717$436$258$150$83
41 years$1,097$682$409$238$136$74
42 years$1,059$650$384$220$123$66
43 years$1,023$619$360$203$112$59
44 years$989$590$338$187$102$53
45 years$956$563$317$173$92$47
46 years$924$537$298$160$84$42
47 years$894$512$280$148$76$37
48 years$866$489$263$137$69$33
49 years$838$467$247$126$63$30
50 years$812$446$232$117$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $832,000, adding $5,907 every year, while hoping to spend $49,266 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: 39/45/16 Blend
73$832,000$832,000$832,000$832,000
74$922,957$878,861$865,965$954,321
75$964,680$869,507$842,556$967,898
76$1,009,008$858,043$816,712$977,375
77$1,056,153$844,314$788,299$986,572
78$1,106,351$828,155$757,177$995,490
79$1,159,857$809,393$723,200$1,004,133
80$1,216,951$787,842$686,216$1,012,507
81$1,277,940$763,306$646,065$1,020,628
82$1,343,162$735,580$602,580$1,028,513
83$1,412,984$704,443$555,586$1,036,191
84$1,487,813$669,665$504,902$1,043,694
85$1,568,091$631,000$450,338$1,051,068
86$1,654,305$588,188$391,693$1,058,366
87$1,746,992$540,956$328,762$1,065,655
88$1,846,736$489,014$261,327$1,073,013
89$1,954,183$432,056$189,161$1,080,538
90$2,070,041$369,758$112,030$1,088,340
91$2,195,087$301,778$29,684$1,096,553
92$2,330,176$227,755$0$1,105,329
93$2,476,246$147,308$0$1,124,785
94$2,634,330$60,032$0$1,151,244
95$2,805,562$0$0$1,179,922
96$2,991,189$0$0$1,228,223
97$3,192,583$0$0$1,312,972
98$3,411,252$0$0$1,405,089
99$3,648,857$0$0$1,505,285
100$3,907,220$0$0$1,614,343