Can I retire at age 74 with 835,000?

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 $835,000?

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 years$68,954$68,339$67,740$67,155$66,584$66,026
2 years$34,135$33,500$32,884$32,286$31,707$31,144
3 years$22,531$21,892$21,278$20,686$20,116$19,567
4 years$16,730$16,093$15,485$14,903$14,347$13,815
5 years$13,250$12,617$12,017$11,447$10,906$10,393
6 years$10,931$10,303$9,711$9,154$8,630$8,136
7 years$9,275$8,652$8,070$7,526$7,018$6,544
8 years$8,034$7,417$6,844$6,314$5,822$5,368
9 years$7,069$6,458$5,895$5,378$4,903$4,469
10 years$6,297$5,692$5,139$4,636$4,178$3,762
11 years$5,666$5,067$4,525$4,034$3,593$3,197
12 years$5,141$4,548$4,015$3,539$3,114$2,736
13 years$4,697$4,110$3,588$3,124$2,715$2,356
14 years$4,317$3,736$3,223$2,773$2,380$2,038
15 years$3,987$3,413$2,910$2,473$2,096$1,771
16 years$3,699$3,131$2,639$2,215$1,852$1,544
17 years$3,446$2,884$2,401$1,990$1,642$1,351
18 years$3,220$2,665$2,192$1,793$1,460$1,184
19 years$3,019$2,470$2,007$1,620$1,302$1,041
20 years$2,838$2,295$1,841$1,467$1,163$916
21 years$2,674$2,138$1,694$1,332$1,040$808
22 years$2,526$1,995$1,561$1,211$933$714
23 years$2,390$1,866$1,441$1,103$837$631
24 years$2,267$1,749$1,333$1,006$752$559
25 years$2,153$1,641$1,235$919$677$495
26 years$2,048$1,542$1,145$840$610$439
27 years$1,951$1,451$1,063$769$550$390
28 years$1,861$1,368$989$704$496$346
29 years$1,778$1,290$920$646$448$308
30 years$1,700$1,218$857$593$405$274
31 years$1,627$1,152$799$544$366$243
32 years$1,559$1,090$745$500$331$217
33 years$1,495$1,032$696$460$300$193
34 years$1,436$978$650$423$271$172
35 years$1,379$928$608$390$246$153
36 years$1,326$881$569$359$223$136
37 years$1,276$836$532$331$202$121
38 years$1,229$795$498$305$183$108
39 years$1,184$756$467$281$166$97
40 years$1,142$719$438$259$150$86
41 years$1,101$685$410$239$136$77
42 years$1,063$652$385$221$124$68
43 years$1,027$621$361$204$112$61
44 years$992$592$339$188$102$54
45 years$959$565$318$174$93$49
46 years$928$539$299$160$84$43
47 years$898$514$281$148$76$39
48 years$869$491$264$137$69$35
49 years$842$469$248$127$63$31
50 years$815$448$233$117$57$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $835,000, adding $3,645 every year, while hoping to spend $42,632 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: 62/27/11 Blend
73$835,000$835,000$835,000$835,000
74$923,930$879,675$866,732$978,649
75$972,811$877,419$850,408$1,013,489
76$1,025,248$873,623$832,107$1,046,275
77$1,081,561$868,168$811,720$1,081,006
78$1,142,097$860,925$789,130$1,117,869
79$1,207,239$851,759$764,214$1,157,074
80$1,277,409$840,527$736,847$1,198,853
81$1,353,067$827,075$706,894$1,243,465
82$1,434,722$811,243$674,216$1,291,194
83$1,522,930$792,861$638,669$1,342,355
84$1,618,304$771,746$600,099$1,397,300
85$1,721,517$747,708$558,349$1,456,416
86$1,833,309$720,543$513,251$1,520,133
87$1,954,495$690,038$464,633$1,588,926
88$2,085,969$655,964$412,313$1,663,321
89$2,228,714$618,083$356,102$1,743,902
90$2,383,814$576,140$295,803$1,831,315
91$2,552,458$529,867$231,208$1,926,272
92$2,735,958$478,979$162,102$2,029,565
93$2,935,753$423,177$88,260$2,142,068
94$3,153,431$362,143$9,448$2,264,748
95$3,390,736$295,543$0$2,398,675
96$3,649,589$223,023$0$2,553,795
97$3,932,105$144,209$0$2,724,407
98$4,240,610$58,706$0$2,910,878
99$4,577,667$0$0$3,114,842
100$4,946,097$0$0$3,348,172