Can I retire at age 74 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$70,770$70,140$69,525$68,925$68,338$66,849
2 years$35,035$34,382$33,750$33,137$32,542$31,049
3 years$23,125$22,469$21,838$21,231$20,646$19,196
4 years$17,171$16,517$15,893$15,296$14,725$13,329
5 years$13,599$12,950$12,333$11,749$11,194$9,856
6 years$11,219$10,574$9,967$9,395$8,857$7,579
7 years$9,519$8,880$8,283$7,725$7,203$5,985
8 years$8,245$7,612$7,025$6,480$5,976$4,817
9 years$7,255$6,628$6,050$5,519$5,032$3,932
10 years$6,463$5,842$5,275$4,758$4,288$3,245
11 years$5,816$5,201$4,644$4,141$3,688$2,700
12 years$5,277$4,668$4,121$3,632$3,196$2,263
13 years$4,821$4,218$3,682$3,206$2,787$1,907
14 years$4,430$3,834$3,308$2,846$2,443$1,614
15 years$4,092$3,503$2,987$2,538$2,151$1,371
16 years$3,797$3,214$2,708$2,273$1,901$1,168
17 years$3,536$2,960$2,464$2,042$1,686$998
18 years$3,305$2,735$2,250$1,840$1,499$854
19 years$3,098$2,535$2,059$1,663$1,336$733
20 years$2,913$2,355$1,890$1,506$1,193$630
21 years$2,745$2,194$1,738$1,367$1,068$542
22 years$2,592$2,048$1,602$1,243$957$467
23 years$2,453$1,915$1,479$1,132$859$402
24 years$2,326$1,795$1,368$1,032$772$347
25 years$2,209$1,684$1,267$943$695$300
26 years$2,102$1,583$1,175$862$626$259
27 years$2,002$1,490$1,091$789$564$224
28 years$1,910$1,404$1,015$723$509$194
29 years$1,824$1,324$944$663$460$167
30 years$1,744$1,251$879$608$415$145
31 years$1,670$1,182$820$559$376$125
32 years$1,600$1,119$765$514$340$109
33 years$1,535$1,059$714$472$307$94
34 years$1,473$1,004$667$435$278$81
35 years$1,416$952$624$400$252$71
36 years$1,361$904$584$368$228$61
37 years$1,310$858$546$339$207$53
38 years$1,261$816$512$313$188$46
39 years$1,215$776$479$288$170$40
40 years$1,172$738$449$266$154$35
41 years$1,130$703$421$245$140$30
42 years$1,091$669$395$227$127$26
43 years$1,054$638$371$209$115$22
44 years$1,018$608$348$193$105$20
45 years$984$580$327$178$95$17
46 years$952$553$307$165$86$15
47 years$921$528$288$152$78$13
48 years$892$504$271$141$71$11
49 years$864$481$255$130$65$10
50 years$837$459$239$120$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $857,000, adding $3,249 every year, while hoping to spend $23,089 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: 48/44/8 Blend
73$857,000$857,000$857,000$857,000
74$947,765$902,344$889,061$991,078
75$1,019,871$921,993$894,278$1,040,763
76$1,098,557$941,830$898,896$1,091,980
77$1,184,472$961,841$902,870$1,147,048
78$1,278,326$982,009$906,154$1,206,334
79$1,380,904$1,002,317$908,699$1,270,239
80$1,493,069$1,022,743$910,453$1,339,207
81$1,615,771$1,043,266$911,363$1,413,726
82$1,750,056$1,063,863$911,370$1,494,333
83$1,897,077$1,084,508$910,417$1,581,621
84$2,058,103$1,105,172$908,439$1,676,245
85$2,234,530$1,125,827$905,373$1,778,922
86$2,427,898$1,146,438$901,148$1,890,447
87$2,639,900$1,166,970$895,694$2,011,693
88$2,872,404$1,187,386$888,934$2,143,625
89$3,127,466$1,207,644$880,789$2,287,304
90$3,407,349$1,227,700$871,177$2,443,901
91$3,714,548$1,247,506$860,011$2,614,705
92$4,051,810$1,267,012$847,199$2,801,141
93$4,422,161$1,286,163$832,648$3,004,774
94$4,828,937$1,304,900$816,256$3,227,334
95$5,275,808$1,323,160$797,920$3,470,725
96$5,766,821$1,340,876$777,532$3,737,048
97$6,306,434$1,357,975$754,975$4,028,617
98$6,899,555$1,374,381$730,133$4,347,985
99$7,551,596$1,390,012$702,878$4,697,966
100$8,268,517$1,404,780$673,082$5,081,660