Can I retire at age 74 with 838,000?

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 $838,000?

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%
1 years$69,201$68,585$67,983$67,396$66,823$66,236
2 years$34,258$33,620$33,002$32,402$31,821$31,229
3 years$22,612$21,971$21,354$20,760$20,188$19,610
4 years$16,790$16,151$15,540$14,957$14,398$13,839
5 years$13,298$12,663$12,060$11,488$10,945$10,405
6 years$10,970$10,340$9,746$9,187$8,661$8,141
7 years$9,308$8,684$8,099$7,553$7,044$6,545
8 years$8,063$7,443$6,869$6,336$5,843$5,366
9 years$7,094$6,481$5,916$5,397$4,921$4,464
10 years$6,320$5,712$5,158$4,652$4,193$3,756
11 years$5,687$5,086$4,541$4,049$3,606$3,189
12 years$5,160$4,564$4,030$3,551$3,125$2,728
13 years$4,714$4,125$3,600$3,135$2,725$2,347
14 years$4,332$3,749$3,235$2,783$2,389$2,030
15 years$4,002$3,425$2,921$2,482$2,103$1,762
16 years$3,713$3,143$2,648$2,223$1,859$1,536
17 years$3,458$2,894$2,410$1,997$1,648$1,342
18 years$3,232$2,674$2,200$1,800$1,465$1,176
19 years$3,030$2,479$2,014$1,626$1,306$1,033
20 years$2,848$2,303$1,848$1,473$1,167$909
21 years$2,684$2,145$1,700$1,337$1,044$801
22 years$2,535$2,003$1,567$1,215$936$707
23 years$2,399$1,873$1,447$1,107$840$625
24 years$2,275$1,755$1,338$1,009$755$552
25 years$2,160$1,647$1,239$922$679$489
26 years$2,055$1,548$1,149$843$612$434
27 years$1,958$1,457$1,067$772$552$384
28 years$1,868$1,373$992$707$498$341
29 years$1,784$1,295$923$648$450$303
30 years$1,706$1,223$860$595$406$269
31 years$1,633$1,156$802$546$367$239
32 years$1,565$1,094$748$502$332$213
33 years$1,501$1,036$698$462$301$189
34 years$1,441$982$653$425$272$168
35 years$1,384$931$610$391$247$150
36 years$1,331$884$571$360$223$133
37 years$1,281$839$534$332$202$119
38 years$1,233$798$500$306$184$106
39 years$1,188$759$469$282$166$94
40 years$1,146$722$439$260$151$84
41 years$1,105$687$412$240$137$75
42 years$1,067$654$386$222$124$67
43 years$1,030$623$363$204$113$59
44 years$996$594$340$189$102$53
45 years$963$567$320$174$93$47
46 years$931$541$300$161$84$42
47 years$901$516$282$149$77$38
48 years$872$492$265$138$70$33
49 years$845$470$249$127$63$30
50 years$818$449$234$117$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $838,000, adding $6,500 every year, while hoping to spend $40,440 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: 56/26/18 Blend
73$838,000$838,000$838,000$838,000
74$930,181$885,767$872,778$977,471
75$982,031$886,141$858,988$1,010,780
76$1,037,815$885,179$843,381$1,042,143
77$1,097,891$882,772$825,853$1,075,405
78$1,162,653$878,804$806,295$1,110,760
79$1,232,532$873,155$784,595$1,148,419
80$1,308,005$865,694$760,634$1,188,619
81$1,389,594$856,285$734,287$1,231,622
82$1,477,872$844,782$705,425$1,277,717
83$1,573,470$831,032$673,912$1,327,228
84$1,677,082$814,870$639,607$1,380,511
85$1,789,471$796,126$602,360$1,437,963
86$1,911,475$774,614$562,017$1,500,023
87$2,044,018$750,142$518,417$1,567,177
88$2,188,113$722,504$471,389$1,639,963
89$2,344,877$691,484$420,758$1,718,980
90$2,515,539$656,851$366,338$1,804,889
91$2,701,451$618,363$307,936$1,898,421
92$2,904,099$575,763$245,352$2,000,386
93$3,125,121$528,780$178,375$2,111,684
94$3,366,318$477,125$106,786$2,233,305
95$3,629,675$420,496$30,355$2,366,350
96$3,917,373$358,572$0$2,512,033
97$4,231,817$291,014$0$2,681,534
98$4,575,653$217,464$0$2,873,367
99$4,951,794$137,544$0$3,083,389
100$5,363,448$50,855$0$3,313,471