Can I retire at age 74 with 836,000?

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 $836,000?

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$69,036$68,421$67,821$67,236$66,664$65,940
2 years$34,176$33,540$32,923$32,325$31,745$31,016
3 years$22,558$21,919$21,303$20,711$20,140$19,429
4 years$16,750$16,113$15,503$14,921$14,364$13,676
5 years$13,266$12,632$12,031$11,461$10,919$10,257
6 years$10,944$10,315$9,723$9,165$8,640$8,003
7 years$9,286$8,663$8,080$7,535$7,027$6,416
8 years$8,043$7,426$6,852$6,321$5,829$5,245
9 years$7,077$6,465$5,902$5,384$4,909$4,351
10 years$6,305$5,699$5,145$4,641$4,183$3,650
11 years$5,673$5,073$4,530$4,039$3,597$3,090
12 years$5,147$4,554$4,020$3,543$3,117$2,634
13 years$4,703$4,115$3,592$3,128$2,718$2,259
14 years$4,322$3,741$3,227$2,777$2,383$1,947
15 years$3,992$3,417$2,914$2,476$2,098$1,685
16 years$3,704$3,135$2,642$2,217$1,854$1,463
17 years$3,450$2,887$2,404$1,992$1,644$1,275
18 years$3,224$2,668$2,194$1,795$1,462$1,113
19 years$3,023$2,473$2,009$1,622$1,303$974
20 years$2,841$2,298$1,844$1,469$1,164$854
21 years$2,678$2,140$1,696$1,333$1,042$749
22 years$2,529$1,998$1,563$1,212$934$659
23 years$2,393$1,869$1,443$1,104$838$580
24 years$2,269$1,751$1,335$1,007$753$511
25 years$2,155$1,643$1,236$920$678$451
26 years$2,050$1,544$1,146$841$611$398
27 years$1,953$1,453$1,065$770$550$352
28 years$1,863$1,369$990$705$497$311
29 years$1,780$1,292$921$647$449$275
30 years$1,702$1,220$858$594$405$243
31 years$1,629$1,153$800$545$366$215
32 years$1,561$1,091$746$501$331$191
33 years$1,497$1,033$697$461$300$169
34 years$1,437$979$651$424$272$150
35 years$1,381$929$609$390$246$133
36 years$1,328$882$569$359$223$118
37 years$1,278$837$533$331$202$104
38 years$1,230$796$499$305$183$92
39 years$1,185$757$468$281$166$82
40 years$1,143$720$438$260$151$73
41 years$1,103$685$411$239$137$65
42 years$1,064$653$385$221$124$57
43 years$1,028$622$362$204$113$51
44 years$993$593$340$188$102$45
45 years$960$565$319$174$93$40
46 years$929$539$299$161$84$36
47 years$899$515$281$148$76$32
48 years$870$491$264$137$69$28
49 years$843$469$248$127$63$25
50 years$816$448$234$117$57$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $836,000, adding $2,703 every year, while hoping to spend $28,407 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: 42/30/28 Blend
73$836,000$836,000$836,000$836,000
74$924,060$879,752$866,794$955,196
75$988,089$892,635$865,607$990,752
76$1,057,698$905,197$863,428$1,026,356
77$1,133,424$917,393$860,194$1,064,372
78$1,215,861$929,173$855,838$1,105,042
79$1,305,662$940,486$850,292$1,148,631
80$1,403,545$951,275$843,482$1,195,432
81$1,510,300$961,481$835,332$1,245,770
82$1,626,797$971,040$825,762$1,300,005
83$1,753,994$979,885$814,689$1,358,535
84$1,892,945$987,943$802,025$1,421,800
85$2,044,810$995,137$787,677$1,490,286
86$2,210,868$1,001,385$771,551$1,564,530
87$2,392,524$1,006,601$753,546$1,645,129
88$2,591,327$1,010,690$733,556$1,732,737
89$2,808,984$1,013,555$711,471$1,828,084
90$3,047,372$1,015,091$687,177$1,931,971
91$3,308,559$1,015,186$660,553$2,045,285
92$3,594,824$1,013,722$631,473$2,169,009
93$3,908,674$1,010,573$599,806$2,304,225
94$4,252,874$1,005,605$565,414$2,452,130
95$4,630,465$998,678$528,154$2,614,047
96$5,044,801$989,642$487,875$2,791,437
97$5,499,573$978,336$444,421$2,985,913
98$5,998,847$964,593$397,627$3,199,257
99$6,547,105$948,233$347,323$3,433,437
100$7,149,281$929,068$293,330$3,690,626