Can I retire at age 74 with 841,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$69,449$68,830$68,227$67,638$67,063$66,696
2 years$34,381$33,740$33,120$32,518$31,935$31,565
3 years$22,693$22,050$21,431$20,835$20,261$19,899
4 years$16,850$16,209$15,596$15,010$14,450$14,099
5 years$13,345$12,708$12,103$11,529$10,985$10,646
6 years$11,009$10,377$9,781$9,220$8,692$8,365
7 years$9,342$8,715$8,128$7,580$7,069$6,755
8 years$8,091$7,470$6,893$6,359$5,864$5,563
9 years$7,120$6,504$5,937$5,416$4,939$4,650
10 years$6,343$5,733$5,176$4,669$4,208$3,931
11 years$5,707$5,104$4,557$4,063$3,619$3,354
12 years$5,178$4,581$4,044$3,564$3,136$2,884
13 years$4,731$4,140$3,613$3,147$2,735$2,494
14 years$4,348$3,763$3,247$2,793$2,397$2,168
15 years$4,016$3,437$2,931$2,491$2,111$1,893
16 years$3,726$3,154$2,658$2,230$1,865$1,658
17 years$3,470$2,905$2,418$2,004$1,654$1,457
18 years$3,243$2,684$2,208$1,806$1,471$1,284
19 years$3,041$2,487$2,021$1,632$1,311$1,134
20 years$2,858$2,311$1,855$1,478$1,171$1,004
21 years$2,694$2,153$1,706$1,341$1,048$890
22 years$2,544$2,010$1,572$1,220$939$790
23 years$2,408$1,880$1,452$1,111$843$702
24 years$2,283$1,761$1,343$1,013$758$625
25 years$2,168$1,653$1,244$925$682$557
26 years$2,063$1,553$1,153$846$614$497
27 years$1,965$1,462$1,071$774$554$443
28 years$1,874$1,378$996$709$500$396
29 years$1,790$1,300$926$651$451$354
30 years$1,712$1,227$863$597$408$316
31 years$1,639$1,160$805$548$369$283
32 years$1,570$1,098$751$504$333$253
33 years$1,506$1,040$701$463$302$227
34 years$1,446$985$655$426$273$203
35 years$1,389$935$612$393$247$182
36 years$1,336$887$573$362$224$163
37 years$1,285$842$536$333$203$146
38 years$1,238$801$502$307$184$131
39 years$1,193$761$470$283$167$118
40 years$1,150$724$441$261$152$106
41 years$1,109$689$413$241$137$95
42 years$1,071$657$388$222$125$85
43 years$1,034$626$364$205$113$76
44 years$999$596$342$189$103$68
45 years$966$569$321$175$93$61
46 years$934$543$301$162$85$55
47 years$904$518$283$149$77$50
48 years$875$494$266$138$70$44
49 years$848$472$250$128$63$40
50 years$821$451$235$118$58$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $841,000, adding $2,543 every year, while hoping to spend $53,843 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: 80/9/11 Blend
73$841,000$841,000$841,000$841,000
74$929,405$884,832$871,797$1,001,775
75$966,916$870,900$843,713$1,035,711
76$1,006,448$854,481$812,885$1,065,669
77$1,048,151$835,396$779,162$1,096,966
78$1,092,188$813,456$742,389$1,129,709
79$1,138,736$788,460$702,404$1,164,018
80$1,187,989$760,197$659,036$1,200,024
81$1,240,159$728,441$612,108$1,237,873
82$1,295,476$692,956$561,435$1,277,724
83$1,354,193$653,489$506,822$1,319,756
84$1,416,587$609,776$448,066$1,364,163
85$1,482,959$561,536$384,957$1,411,162
86$1,553,640$508,470$317,273$1,460,991
87$1,628,993$450,267$244,783$1,513,913
88$1,709,414$386,593$167,246$1,570,221
89$1,795,336$317,098$84,411$1,630,234
90$1,887,237$241,413$0$1,694,309
91$1,985,638$159,145$0$1,763,306
92$2,091,112$69,882$0$1,847,794
93$2,204,287$0$0$1,938,367
94$2,325,853$0$0$2,038,244
95$2,456,564$0$0$2,153,095
96$2,597,253$0$0$2,276,729
97$2,748,831$0$0$2,409,950
98$2,912,300$0$0$2,553,641
99$3,088,759$0$0$2,708,772
100$3,279,419$0$0$2,876,407