Can I retire at age 74 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$69,119$68,503$67,902$67,316$66,744$65,289
2 years$34,217$33,580$32,962$32,363$31,783$30,325
3 years$22,585$21,945$21,329$20,736$20,164$18,748
4 years$16,770$16,132$15,522$14,939$14,381$13,018
5 years$13,282$12,648$12,046$11,474$10,932$9,626
6 years$10,957$10,328$9,735$9,176$8,650$7,402
7 years$9,297$8,673$8,090$7,544$7,035$5,845
8 years$8,053$7,434$6,861$6,329$5,836$4,704
9 years$7,086$6,473$5,909$5,391$4,915$3,840
10 years$6,312$5,706$5,152$4,647$4,188$3,169
11 years$5,680$5,079$4,535$4,044$3,602$2,637
12 years$5,153$4,559$4,025$3,547$3,121$2,210
13 years$4,708$4,120$3,596$3,132$2,722$1,862
14 years$4,327$3,745$3,231$2,780$2,386$1,576
15 years$3,997$3,421$2,917$2,479$2,101$1,339
16 years$3,708$3,139$2,645$2,220$1,857$1,141
17 years$3,454$2,891$2,407$1,995$1,646$975
18 years$3,228$2,671$2,197$1,797$1,464$835
19 years$3,026$2,476$2,011$1,624$1,305$716
20 years$2,845$2,300$1,846$1,471$1,165$615
21 years$2,681$2,143$1,698$1,335$1,043$529
22 years$2,532$2,000$1,565$1,214$935$456
23 years$2,396$1,871$1,445$1,105$839$393
24 years$2,272$1,753$1,336$1,008$754$339
25 years$2,158$1,645$1,238$921$679$293
26 years$2,053$1,546$1,148$842$611$253
27 years$1,956$1,455$1,066$771$551$219
28 years$1,865$1,371$991$706$497$189
29 years$1,782$1,293$922$647$449$164
30 years$1,704$1,221$859$594$406$142
31 years$1,631$1,155$801$546$367$122
32 years$1,563$1,093$747$502$332$106
33 years$1,499$1,035$698$461$300$92
34 years$1,439$981$652$424$272$80
35 years$1,383$930$609$391$246$69
36 years$1,329$883$570$360$223$60
37 years$1,279$838$534$331$202$52
38 years$1,232$797$500$306$183$45
39 years$1,187$758$468$282$166$39
40 years$1,144$721$439$260$151$34
41 years$1,104$686$411$240$137$29
42 years$1,066$654$386$221$124$25
43 years$1,029$623$362$204$113$22
44 years$994$594$340$189$102$19
45 years$961$566$319$174$93$17
46 years$930$540$300$161$84$14
47 years$900$515$282$149$77$12
48 years$871$492$265$137$70$11
49 years$844$470$249$127$63$9
50 years$817$449$234$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $837,000, adding $4,041 every year, while hoping to spend $27,117 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: 57/13/30 Blend
73$837,000$837,000$837,000$837,000
74$926,542$882,181$869,208$971,488
75$992,197$896,556$869,474$1,017,234
76$1,063,640$910,726$868,840$1,063,914
77$1,141,433$924,653$867,248$1,114,254
78$1,226,194$938,295$864,635$1,168,618
79$1,318,602$951,609$860,937$1,227,407
80$1,419,408$964,546$856,087$1,291,064
81$1,529,434$977,055$850,012$1,360,077
82$1,649,588$989,083$842,640$1,434,987
83$1,780,869$1,000,571$833,891$1,516,388
84$1,924,376$1,011,457$823,684$1,604,937
85$2,081,319$1,021,675$811,934$1,701,359
86$2,253,031$1,031,154$798,551$1,806,454
87$2,440,979$1,039,819$783,442$1,921,104
88$2,646,779$1,047,591$766,507$2,046,282
89$2,872,210$1,054,383$747,645$2,183,065
90$3,119,233$1,060,105$726,748$2,332,635
91$3,390,004$1,064,660$703,704$2,496,302
92$3,686,902$1,067,945$678,396$2,675,507
93$4,012,543$1,069,852$650,699$2,871,843
94$4,369,811$1,070,263$620,486$3,087,065
95$4,761,883$1,069,057$587,623$3,323,109
96$5,192,255$1,066,101$551,969$3,582,112
97$5,664,783$1,061,258$513,378$3,866,429
98$6,183,710$1,054,379$471,695$4,178,661
99$6,753,713$1,045,308$426,762$4,521,672
100$7,379,943$1,033,879$378,410$4,898,625