Can I retire at age 74 with 841,000?

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 $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%19.4%
1 years$69,449$68,830$68,227$67,638$67,063$64,529
2 years$34,381$33,740$33,120$32,518$31,935$29,412
3 years$22,693$22,050$21,431$20,835$20,261$17,828
4 years$16,850$16,209$15,596$15,010$14,450$12,125
5 years$13,345$12,708$12,103$11,529$10,985$8,774
6 years$11,009$10,377$9,781$9,220$8,692$6,597
7 years$9,342$8,715$8,128$7,580$7,069$5,090
8 years$8,091$7,470$6,893$6,359$5,864$3,999
9 years$7,120$6,504$5,937$5,416$4,939$3,184
10 years$6,343$5,733$5,176$4,669$4,208$2,561
11 years$5,707$5,104$4,557$4,063$3,619$2,076
12 years$5,178$4,581$4,044$3,564$3,136$1,693
13 years$4,731$4,140$3,613$3,147$2,735$1,387
14 years$4,348$3,763$3,247$2,793$2,397$1,141
15 years$4,016$3,437$2,931$2,491$2,111$942
16 years$3,726$3,154$2,658$2,230$1,865$779
17 years$3,470$2,905$2,418$2,004$1,654$646
18 years$3,243$2,684$2,208$1,806$1,471$537
19 years$3,041$2,487$2,021$1,632$1,311$446
20 years$2,858$2,311$1,855$1,478$1,171$372
21 years$2,694$2,153$1,706$1,341$1,048$310
22 years$2,544$2,010$1,572$1,220$939$258
23 years$2,408$1,880$1,452$1,111$843$216
24 years$2,283$1,761$1,343$1,013$758$180
25 years$2,168$1,653$1,244$925$682$151
26 years$2,063$1,553$1,153$846$614$126
27 years$1,965$1,462$1,071$774$554$105
28 years$1,874$1,378$996$709$500$88
29 years$1,790$1,300$926$651$451$74
30 years$1,712$1,227$863$597$408$62
31 years$1,639$1,160$805$548$369$52
32 years$1,570$1,098$751$504$333$43
33 years$1,506$1,040$701$463$302$36
34 years$1,446$985$655$426$273$30
35 years$1,389$935$612$393$247$25
36 years$1,336$887$573$362$224$21
37 years$1,285$842$536$333$203$18
38 years$1,238$801$502$307$184$15
39 years$1,193$761$470$283$167$12
40 years$1,150$724$441$261$152$10
41 years$1,109$689$413$241$137$9
42 years$1,071$657$388$222$125$7
43 years$1,034$626$364$205$113$6
44 years$999$596$342$189$103$5
45 years$966$569$321$175$93$4
46 years$934$543$301$162$85$4
47 years$904$518$283$149$77$3
48 years$875$494$266$138$70$3
49 years$848$472$250$128$63$2
50 years$821$451$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $841,000, adding $4,249 every year, while hoping to spend $57,906 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: 35/37/28 Blend
73$841,000$841,000$841,000$841,000
74$931,165$886,592$873,556$955,776
75$964,532$868,423$841,209$956,405
76$999,362$847,424$805,837$951,575
77$1,035,743$823,393$767,278$945,248
78$1,073,769$796,120$725,363$937,331
79$1,113,545$765,381$679,914$927,724
80$1,155,180$730,939$630,745$916,325
81$1,198,796$692,542$577,662$903,027
82$1,244,523$649,926$520,463$887,719
83$1,292,503$602,811$458,937$870,286
84$1,342,889$550,900$392,863$850,608
85$1,395,849$493,880$322,009$828,562
86$1,451,565$431,419$246,135$804,020
87$1,510,234$363,167$164,990$776,849
88$1,572,071$288,756$78,311$746,913
89$1,637,311$207,794$0$714,071
90$1,706,209$119,869$0$682,421
91$1,779,045$24,545$0$672,817
92$1,856,123$0$0$661,776
93$1,937,774$0$0$681,256
94$2,024,362$0$0$712,569
95$2,116,283$0$0$745,874
96$2,213,972$0$0$781,336
97$2,317,902$0$0$819,135
98$2,428,593$0$0$859,470
99$2,546,615$0$0$902,558
100$2,672,589$0$0$948,636