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%11.6%
1 years$69,036$68,421$67,821$67,236$66,664$66,216
2 years$34,176$33,540$32,923$32,325$31,745$31,293
3 years$22,558$21,919$21,303$20,711$20,140$19,699
4 years$16,750$16,113$15,503$14,921$14,364$13,936
5 years$13,266$12,632$12,031$11,461$10,919$10,506
6 years$10,944$10,315$9,723$9,165$8,640$8,242
7 years$9,286$8,663$8,080$7,535$7,027$6,644
8 years$8,043$7,426$6,852$6,321$5,829$5,463
9 years$7,077$6,465$5,902$5,384$4,909$4,558
10 years$6,305$5,699$5,145$4,641$4,183$3,847
11 years$5,673$5,073$4,530$4,039$3,597$3,276
12 years$5,147$4,554$4,020$3,543$3,117$2,811
13 years$4,703$4,115$3,592$3,128$2,718$2,427
14 years$4,322$3,741$3,227$2,777$2,383$2,105
15 years$3,992$3,417$2,914$2,476$2,098$1,834
16 years$3,704$3,135$2,642$2,217$1,854$1,604
17 years$3,450$2,887$2,404$1,992$1,644$1,407
18 years$3,224$2,668$2,194$1,795$1,462$1,237
19 years$3,023$2,473$2,009$1,622$1,303$1,090
20 years$2,841$2,298$1,844$1,469$1,164$963
21 years$2,678$2,140$1,696$1,333$1,042$851
22 years$2,529$1,998$1,563$1,212$934$754
23 years$2,393$1,869$1,443$1,104$838$669
24 years$2,269$1,751$1,335$1,007$753$594
25 years$2,155$1,643$1,236$920$678$528
26 years$2,050$1,544$1,146$841$611$470
27 years$1,953$1,453$1,065$770$550$418
28 years$1,863$1,369$990$705$497$373
29 years$1,780$1,292$921$647$449$332
30 years$1,702$1,220$858$594$405$296
31 years$1,629$1,153$800$545$366$265
32 years$1,561$1,091$746$501$331$236
33 years$1,497$1,033$697$461$300$211
34 years$1,437$979$651$424$272$189
35 years$1,381$929$609$390$246$168
36 years$1,328$882$569$359$223$151
37 years$1,278$837$533$331$202$135
38 years$1,230$796$499$305$183$120
39 years$1,185$757$468$281$166$108
40 years$1,143$720$438$260$151$96
41 years$1,103$685$411$239$137$86
42 years$1,064$653$385$221$124$77
43 years$1,028$622$362$204$113$69
44 years$993$593$340$188$102$62
45 years$960$565$319$174$93$55
46 years$929$539$299$161$84$50
47 years$899$515$281$148$76$44
48 years$870$491$264$137$69$40
49 years$843$469$248$127$63$36
50 years$816$448$234$117$57$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $836,000, adding $3,602 every year, while hoping to spend $36,194 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: 40/31/29 Blend
73$836,000$836,000$836,000$836,000
74$924,987$880,679$867,721$953,948
75$980,826$885,323$858,280$980,016
76$1,041,147$888,980$847,309$1,004,586
77$1,106,370$891,566$834,720$1,030,486
78$1,176,954$892,987$820,417$1,057,860
79$1,253,407$893,147$804,305$1,086,871
80$1,336,285$891,942$786,279$1,117,699
81$1,426,199$889,260$766,233$1,150,547
82$1,523,824$884,987$744,055$1,185,639
83$1,629,899$878,996$719,626$1,223,226
84$1,745,240$871,157$692,824$1,263,588
85$1,870,741$861,331$663,520$1,307,036
86$2,007,389$849,369$631,581$1,353,917
87$2,156,270$835,115$596,865$1,404,615
88$2,318,576$818,402$559,227$1,459,560
89$2,495,621$799,055$518,512$1,519,226
90$2,688,853$776,887$474,561$1,584,144
91$2,899,863$751,701$427,205$1,654,901
92$3,130,403$723,288$376,271$1,732,149
93$3,382,403$691,429$321,575$1,816,612
94$3,657,988$655,888$262,927$1,909,093
95$3,959,495$616,419$200,127$2,010,484
96$4,289,500$572,760$132,968$2,121,773
97$4,650,839$524,635$61,232$2,244,054
98$5,046,634$471,752$0$2,378,542
99$5,480,325$413,802$0$2,531,322
100$5,955,699$350,459$0$2,719,670