Can I retire at age 74 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$70,688$70,058$69,444$68,844$68,259$67,800
2 years$34,994$34,342$33,711$33,098$32,504$32,042
3 years$23,098$22,443$21,813$21,206$20,622$20,170
4 years$17,151$16,498$15,874$15,278$14,708$14,270
5 years$13,583$12,935$12,319$11,735$11,181$10,758
6 years$11,206$10,562$9,956$9,385$8,847$8,440
7 years$9,508$8,870$8,273$7,716$7,195$6,803
8 years$8,236$7,603$7,016$6,472$5,969$5,593
9 years$7,247$6,620$6,043$5,513$5,027$4,667
10 years$6,456$5,835$5,269$4,752$4,283$3,939
11 years$5,809$5,195$4,638$4,136$3,683$3,355
12 years$5,270$4,663$4,116$3,628$3,192$2,879
13 years$4,815$4,214$3,678$3,203$2,783$2,485
14 years$4,425$3,830$3,304$2,843$2,440$2,156
15 years$4,088$3,499$2,983$2,535$2,148$1,878
16 years$3,792$3,210$2,705$2,270$1,899$1,642
17 years$3,532$2,956$2,461$2,040$1,684$1,440
18 years$3,301$2,732$2,247$1,838$1,497$1,266
19 years$3,095$2,532$2,057$1,661$1,334$1,116
20 years$2,909$2,353$1,888$1,504$1,192$986
21 years$2,742$2,191$1,736$1,365$1,066$872
22 years$2,589$2,046$1,600$1,241$956$772
23 years$2,451$1,913$1,478$1,131$858$685
24 years$2,324$1,793$1,367$1,031$771$608
25 years$2,207$1,682$1,266$942$694$541
26 years$2,099$1,581$1,174$861$625$481
27 years$2,000$1,488$1,090$788$564$428
28 years$1,908$1,402$1,013$722$509$382
29 years$1,822$1,323$943$662$459$340
30 years$1,742$1,249$878$608$415$304
31 years$1,668$1,181$819$558$375$271
32 years$1,598$1,117$764$513$339$242
33 years$1,533$1,058$713$472$307$216
34 years$1,472$1,003$667$434$278$193
35 years$1,414$951$623$400$252$173
36 years$1,360$903$583$368$228$154
37 years$1,308$857$546$339$207$138
38 years$1,260$815$511$312$188$123
39 years$1,214$775$479$288$170$110
40 years$1,170$737$449$266$154$99
41 years$1,129$702$421$245$140$88
42 years$1,090$668$395$226$127$79
43 years$1,053$637$370$209$115$71
44 years$1,017$607$348$193$105$63
45 years$983$579$326$178$95$57
46 years$951$552$307$165$86$51
47 years$920$527$288$152$78$45
48 years$891$503$271$140$71$41
49 years$863$480$254$130$65$36
50 years$836$459$239$120$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $856,000, adding $3,997 every year, while hoping to spend $20,313 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: 57/28/15 Blend
73$856,000$856,000$856,000$856,000
74$947,435$902,067$888,799$997,546
75$1,022,460$924,655$896,961$1,054,551
76$1,104,458$947,670$904,715$1,114,071
77$1,194,116$971,110$912,027$1,178,462
78$1,292,196$994,974$918,860$1,248,194
79$1,399,532$1,019,260$925,174$1,323,786
80$1,517,047$1,043,965$930,929$1,405,809
81$1,645,752$1,069,087$936,082$1,494,893
82$1,786,766$1,094,618$940,588$1,591,729
83$1,941,317$1,120,556$944,398$1,697,083
84$2,110,759$1,146,891$947,464$1,811,794
85$2,296,585$1,173,617$949,732$1,936,790
86$2,500,436$1,200,724$951,148$2,073,090
87$2,724,123$1,228,202$951,654$2,221,820
88$2,969,639$1,256,039$951,189$2,384,217
89$3,239,177$1,284,220$949,690$2,561,649
90$3,535,158$1,312,732$947,089$2,755,618
91$3,860,245$1,341,556$943,317$2,967,783
92$4,217,372$1,370,675$938,301$3,199,970
93$4,609,773$1,400,067$931,963$3,454,192
94$5,041,010$1,429,710$924,223$3,732,667
95$5,515,004$1,459,577$914,996$4,037,839
96$6,036,081$1,489,643$904,195$4,372,402
97$6,609,001$1,519,875$891,725$4,739,323
98$7,239,013$1,550,243$877,491$5,141,875
99$7,931,896$1,580,708$861,391$5,583,662
100$8,694,020$1,611,234$843,319$6,068,657