Can I retire at age 74 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$68,871$68,257$67,659$67,075$66,504$65,082
2 years$34,095$33,460$32,844$32,247$31,669$30,242
3 years$22,504$21,866$21,252$20,661$20,092$18,706
4 years$16,710$16,074$15,466$14,885$14,330$12,996
5 years$13,234$12,602$12,002$11,433$10,893$9,614
6 years$10,918$10,291$9,700$9,143$8,619$7,397
7 years$9,264$8,642$8,061$7,517$7,010$5,845
8 years$8,024$7,408$6,836$6,306$5,815$4,707
9 years$7,060$6,450$5,888$5,371$4,897$3,844
10 years$6,290$5,685$5,133$4,630$4,173$3,174
11 years$5,660$5,061$4,519$4,030$3,589$2,643
12 years$5,135$4,543$4,011$3,535$3,110$2,217
13 years$4,691$4,105$3,583$3,120$2,712$1,869
14 years$4,311$3,732$3,220$2,770$2,377$1,583
15 years$3,982$3,409$2,907$2,470$2,093$1,346
16 years$3,695$3,128$2,635$2,212$1,850$1,147
17 years$3,441$2,880$2,398$1,987$1,640$981
18 years$3,216$2,662$2,189$1,791$1,458$841
19 years$3,015$2,467$2,004$1,618$1,300$722
20 years$2,835$2,292$1,839$1,466$1,161$620
21 years$2,671$2,135$1,692$1,330$1,039$534
22 years$2,523$1,993$1,559$1,209$931$460
23 years$2,388$1,864$1,440$1,102$836$397
24 years$2,264$1,746$1,331$1,005$751$343
25 years$2,150$1,639$1,233$918$676$296
26 years$2,045$1,540$1,144$839$609$256
27 years$1,949$1,450$1,062$768$549$222
28 years$1,859$1,366$987$704$496$192
29 years$1,775$1,289$919$645$447$166
30 years$1,698$1,217$856$592$404$144
31 years$1,625$1,151$798$544$366$125
32 years$1,557$1,089$744$500$331$108
33 years$1,494$1,031$695$460$299$94
34 years$1,434$977$649$423$271$81
35 years$1,378$927$607$389$245$70
36 years$1,325$880$568$358$222$61
37 years$1,275$835$532$330$202$53
38 years$1,227$794$498$304$183$46
39 years$1,183$755$466$281$166$40
40 years$1,140$718$437$259$150$35
41 years$1,100$684$410$239$136$30
42 years$1,062$651$385$220$124$26
43 years$1,025$620$361$204$112$23
44 years$991$591$339$188$102$20
45 years$958$564$318$174$93$17
46 years$927$538$299$160$84$15
47 years$897$513$281$148$76$13
48 years$868$490$264$137$69$11
49 years$840$468$248$126$63$10
50 years$814$447$233$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $834,000, adding $5,681 every year, while hoping to spend $54,730 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: 73/9/18 Blend
73$834,000$834,000$834,000$834,000
74$924,928$880,726$867,799$988,156
75$961,038$865,649$838,638$1,015,799
76$998,998$847,999$806,666$1,038,877
77$1,038,937$827,593$771,730$1,062,741
78$1,080,998$804,234$733,673$1,087,458
79$1,125,336$777,718$692,327$1,113,103
80$1,172,120$747,826$647,520$1,139,757
81$1,221,534$714,328$599,070$1,167,515
82$1,273,779$676,978$546,787$1,196,479
83$1,329,074$635,519$490,474$1,226,765
84$1,387,658$589,678$429,923$1,258,501
85$1,449,792$539,166$364,919$1,291,830
86$1,515,763$483,677$295,236$1,326,911
87$1,585,883$422,889$220,638$1,363,923
88$1,660,494$356,461$140,880$1,403,061
89$1,739,969$284,033$55,705$1,444,546
90$1,824,720$205,225$0$1,488,622
91$1,915,195$119,634$0$1,542,319
92$2,011,884$26,836$0$1,611,037
93$2,115,329$0$0$1,684,456
94$2,226,119$0$0$1,770,297
95$2,344,903$0$0$1,865,208
96$2,472,392$0$0$1,967,101
97$2,609,367$0$0$2,076,604
98$2,756,684$0$0$2,194,405
99$2,915,285$0$0$2,321,260
100$3,086,201$0$0$2,458,000