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%17.6%
1 years$69,201$68,585$67,983$67,396$66,823$64,762
2 years$34,258$33,620$33,002$32,402$31,821$29,762
3 years$22,612$21,971$21,354$20,760$20,188$18,197
4 years$16,790$16,151$15,540$14,957$14,398$12,489
5 years$13,298$12,663$12,060$11,488$10,945$9,124
6 years$10,970$10,340$9,746$9,187$8,661$6,928
7 years$9,308$8,684$8,099$7,553$7,044$5,400
8 years$8,063$7,443$6,869$6,336$5,843$4,288
9 years$7,094$6,481$5,916$5,397$4,921$3,452
10 years$6,320$5,712$5,158$4,652$4,193$2,808
11 years$5,687$5,086$4,541$4,049$3,606$2,303
12 years$5,160$4,564$4,030$3,551$3,125$1,901
13 years$4,714$4,125$3,600$3,135$2,725$1,577
14 years$4,332$3,749$3,235$2,783$2,389$1,314
15 years$4,002$3,425$2,921$2,482$2,103$1,098
16 years$3,713$3,143$2,648$2,223$1,859$921
17 years$3,458$2,894$2,410$1,997$1,648$773
18 years$3,232$2,674$2,200$1,800$1,465$651
19 years$3,030$2,479$2,014$1,626$1,306$549
20 years$2,848$2,303$1,848$1,473$1,167$463
21 years$2,684$2,145$1,700$1,337$1,044$392
22 years$2,535$2,003$1,567$1,215$936$331
23 years$2,399$1,873$1,447$1,107$840$281
24 years$2,275$1,755$1,338$1,009$755$238
25 years$2,160$1,647$1,239$922$679$201
26 years$2,055$1,548$1,149$843$612$171
27 years$1,958$1,457$1,067$772$552$145
28 years$1,868$1,373$992$707$498$123
29 years$1,784$1,295$923$648$450$104
30 years$1,706$1,223$860$595$406$89
31 years$1,633$1,156$802$546$367$75
32 years$1,565$1,094$748$502$332$64
33 years$1,501$1,036$698$462$301$54
34 years$1,441$982$653$425$272$46
35 years$1,384$931$610$391$247$39
36 years$1,331$884$571$360$223$33
37 years$1,281$839$534$332$202$28
38 years$1,233$798$500$306$184$24
39 years$1,188$759$469$282$166$20
40 years$1,146$722$439$260$151$17
41 years$1,105$687$412$240$137$15
42 years$1,067$654$386$222$124$13
43 years$1,030$623$363$204$113$11
44 years$996$594$340$189$102$9
45 years$963$567$320$174$93$8
46 years$931$541$300$161$84$7
47 years$901$516$282$149$77$6
48 years$872$492$265$138$70$5
49 years$845$470$249$127$63$4
50 years$818$449$234$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $838,000, adding $4,904 every year, while hoping to spend $44,525 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: 71/18/11 Blend
73$838,000$838,000$838,000$838,000
74$928,534$884,120$871,131$992,049
75$975,871$880,068$852,940$1,030,705
76$1,026,543$874,325$832,647$1,067,087
77$1,080,845$866,761$810,135$1,105,717
78$1,139,097$857,239$785,281$1,146,806
79$1,201,654$845,612$757,956$1,190,589
80$1,268,901$831,726$728,027$1,237,324
81$1,341,266$815,417$695,353$1,287,298
82$1,419,214$796,512$659,786$1,340,825
83$1,503,259$774,826$621,174$1,398,257
84$1,593,964$750,165$579,355$1,459,978
85$1,691,948$722,322$534,164$1,526,415
86$1,797,891$691,081$485,423$1,598,040
87$1,912,542$656,210$432,950$1,675,374
88$2,036,722$617,465$376,555$1,758,991
89$2,171,335$574,588$316,037$1,849,529
90$2,317,374$527,306$251,187$1,947,689
91$2,475,934$475,332$181,789$2,054,247
92$2,648,216$418,359$107,616$2,170,062
93$2,835,541$356,067$28,429$2,296,080
94$3,039,367$288,114$0$2,433,347
95$3,261,292$214,141$0$2,589,601
96$3,503,079$133,769$0$2,763,524
97$3,766,666$46,597$0$2,953,217
98$4,054,186$0$0$3,160,270
99$4,367,988$0$0$3,395,903
100$4,710,657$0$0$3,663,330