Can I retire at age 74 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$70,275$69,649$69,038$68,442$67,860$66,166
2 years$34,789$34,142$33,514$32,905$32,314$30,618
3 years$22,963$22,312$21,686$21,082$20,501$18,856
4 years$17,050$16,402$15,782$15,189$14,622$13,041
5 years$13,504$12,859$12,247$11,666$11,115$9,602
6 years$11,140$10,500$9,897$9,330$8,795$7,352
7 years$9,453$8,818$8,225$7,670$7,153$5,779
8 years$8,188$7,559$6,975$6,435$5,934$4,629
9 years$7,204$6,581$6,008$5,481$4,997$3,761
10 years$6,418$5,801$5,238$4,725$4,258$3,088
11 years$5,775$5,164$4,611$4,112$3,662$2,557
12 years$5,240$4,635$4,092$3,607$3,173$2,132
13 years$4,787$4,189$3,656$3,184$2,767$1,786
14 years$4,399$3,808$3,285$2,826$2,426$1,504
15 years$4,064$3,478$2,966$2,521$2,136$1,270
16 years$3,770$3,191$2,689$2,257$1,888$1,076
17 years$3,512$2,939$2,447$2,028$1,674$914
18 years$3,282$2,716$2,234$1,828$1,488$778
19 years$3,077$2,517$2,045$1,651$1,326$664
20 years$2,892$2,339$1,877$1,496$1,185$567
21 years$2,726$2,179$1,726$1,357$1,060$485
22 years$2,574$2,034$1,591$1,234$950$415
23 years$2,436$1,902$1,469$1,124$853$355
24 years$2,310$1,782$1,359$1,025$767$305
25 years$2,194$1,672$1,258$936$690$261
26 years$2,087$1,572$1,167$856$622$224
27 years$1,988$1,479$1,084$784$560$193
28 years$1,897$1,394$1,007$718$506$166
29 years$1,812$1,315$938$658$457$142
30 years$1,732$1,242$873$604$413$122
31 years$1,658$1,174$814$555$373$105
32 years$1,589$1,111$760$510$337$90
33 years$1,524$1,052$709$469$305$78
34 years$1,463$997$663$431$276$67
35 years$1,406$946$620$397$250$58
36 years$1,352$898$580$366$227$50
37 years$1,301$852$542$337$206$43
38 years$1,252$810$508$311$186$37
39 years$1,207$770$476$286$169$32
40 years$1,163$733$446$264$153$27
41 years$1,122$698$418$244$139$23
42 years$1,083$664$392$225$126$20
43 years$1,046$633$368$208$115$17
44 years$1,011$603$346$192$104$15
45 years$977$575$325$177$94$13
46 years$945$549$305$164$86$11
47 years$915$524$286$151$78$10
48 years$886$500$269$140$71$8
49 years$858$478$253$129$64$7
50 years$831$456$238$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $851,000, adding $2,564 every year, while hoping to spend $27,638 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: 75/19/6 Blend
73$851,000$851,000$851,000$851,000
74$940,447$895,344$882,153$1,010,200
75$1,006,966$909,809$882,299$1,070,885
76$1,079,343$924,057$881,523$1,133,578
77$1,158,148$938,047$879,765$1,201,473
78$1,244,005$951,737$876,964$1,275,076
79$1,337,603$965,082$873,051$1,354,941
80$1,439,699$978,032$867,959$1,441,681
81$1,551,127$990,534$861,615$1,535,970
82$1,672,806$1,002,534$853,942$1,638,550
83$1,805,744$1,013,970$844,862$1,750,242
84$1,951,055$1,024,780$834,290$1,871,944
85$2,109,964$1,034,895$822,139$2,004,652
86$2,283,817$1,044,242$808,318$2,149,459
87$2,474,101$1,052,745$792,731$2,307,571
88$2,682,450$1,060,320$775,279$2,480,317
89$2,910,665$1,066,880$755,855$2,669,161
90$3,160,727$1,072,331$734,350$2,875,716
91$3,434,820$1,076,575$710,650$3,101,760
92$3,735,350$1,079,505$684,635$3,349,252
93$4,064,964$1,081,009$656,179$3,620,352
94$4,426,580$1,080,968$625,151$3,917,437
95$4,823,411$1,079,255$591,413$4,243,131
96$5,258,996$1,075,736$554,823$4,600,323
97$5,737,235$1,070,268$515,230$4,992,198
98$6,262,421$1,062,699$472,478$5,422,266
99$6,839,286$1,052,869$426,404$5,894,394
100$7,473,040$1,040,608$376,836$6,412,847