Can I retire at age 74 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$69,862$69,240$68,632$68,040$67,461$66,235
2 years$34,585$33,941$33,317$32,711$32,124$30,893
3 years$22,828$22,181$21,558$20,959$20,381$19,183
4 years$16,950$16,305$15,689$15,099$14,536$13,381
5 years$13,425$12,784$12,175$11,598$11,050$9,941
6 years$11,075$10,439$9,839$9,275$8,743$7,682
7 years$9,397$8,766$8,177$7,625$7,111$6,097
8 years$8,140$7,514$6,934$6,397$5,899$4,933
9 years$7,162$6,543$5,973$5,449$4,968$4,048
10 years$6,380$5,767$5,207$4,697$4,233$3,359
11 years$5,741$5,134$4,584$4,088$3,640$2,812
12 years$5,209$4,608$4,068$3,585$3,155$2,370
13 years$4,759$4,164$3,635$3,165$2,751$2,009
14 years$4,373$3,785$3,266$2,810$2,411$1,710
15 years$4,040$3,458$2,949$2,506$2,123$1,462
16 years$3,748$3,173$2,673$2,244$1,877$1,254
17 years$3,491$2,922$2,433$2,016$1,664$1,078
18 years$3,263$2,700$2,221$1,817$1,479$929
19 years$3,059$2,502$2,033$1,642$1,319$802
20 years$2,875$2,325$1,866$1,487$1,178$694
21 years$2,710$2,166$1,716$1,349$1,054$601
22 years$2,559$2,022$1,582$1,227$945$521
23 years$2,422$1,891$1,460$1,117$848$453
24 years$2,296$1,772$1,351$1,019$762$393
25 years$2,181$1,663$1,251$931$686$342
26 years$2,075$1,563$1,160$851$618$298
27 years$1,977$1,471$1,077$779$557$259
28 years$1,886$1,386$1,002$714$503$226
29 years$1,801$1,307$932$654$454$197
30 years$1,722$1,235$868$601$410$172
31 years$1,648$1,167$809$552$371$150
32 years$1,580$1,104$755$507$335$131
33 years$1,515$1,046$705$466$304$114
34 years$1,454$991$659$429$275$99
35 years$1,397$940$616$395$249$87
36 years$1,344$892$576$364$226$76
37 years$1,293$847$539$335$204$66
38 years$1,245$805$505$309$185$58
39 years$1,200$766$473$285$168$50
40 years$1,157$729$443$263$152$44
41 years$1,116$694$416$242$138$39
42 years$1,077$661$390$224$125$34
43 years$1,040$629$366$206$114$29
44 years$1,005$600$344$191$103$26
45 years$972$572$323$176$94$22
46 years$940$546$303$163$85$20
47 years$909$521$285$150$77$17
48 years$880$497$268$139$70$15
49 years$853$475$251$128$64$13
50 years$826$454$236$119$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $846,000, adding $6,599 every year, while hoping to spend $50,199 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: 42/29/29 Blend
73$846,000$846,000$846,000$846,000
74$939,099$894,261$881,148$970,334
75$981,476$884,668$857,255$983,889
76$1,026,492$872,923$830,879$993,359
77$1,074,365$858,867$801,884$1,002,666
78$1,125,331$842,332$770,128$1,011,827
79$1,179,649$823,141$735,462$1,020,862
80$1,237,603$801,104$697,729$1,029,800
81$1,299,503$776,023$656,768$1,038,674
82$1,365,690$747,686$612,408$1,047,528
83$1,436,539$715,871$564,471$1,056,413
84$1,512,457$680,340$512,772$1,065,392
85$1,593,895$640,844$457,118$1,074,537
86$1,681,346$597,118$397,304$1,083,937
87$1,775,350$548,884$333,121$1,093,694
88$1,876,501$495,845$264,346$1,103,926
89$1,985,452$437,689$190,749$1,114,771
90$2,102,918$374,086$112,090$1,126,389
91$2,229,687$304,688$28,116$1,138,961
92$2,366,623$229,125$0$1,152,699
93$2,514,676$147,010$0$1,186,870
94$2,674,890$57,931$0$1,233,240
95$2,848,413$0$0$1,283,498
96$3,036,507$0$0$1,350,388
97$3,240,560$0$0$1,443,098
98$3,462,097$0$0$1,543,847
99$3,702,798$0$0$1,653,408
100$3,964,508$0$0$1,772,636