Can I retire at age 74 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$70,853$70,222$69,606$69,005$68,418$67,760
2 years$35,076$34,422$33,789$33,175$32,580$31,917
3 years$23,151$22,495$21,864$21,256$20,670$20,023
4 years$17,191$16,537$15,911$15,314$14,742$14,116
5 years$13,615$12,965$12,348$11,762$11,207$10,603
6 years$11,232$10,587$9,979$9,406$8,867$8,287
7 years$9,531$8,891$8,293$7,734$7,212$6,654
8 years$8,255$7,621$7,033$6,487$5,983$5,449
9 years$7,264$6,635$6,057$5,526$5,038$4,528
10 years$6,471$5,849$5,281$4,763$4,293$3,806
11 years$5,823$5,207$4,649$4,146$3,692$3,227
12 years$5,283$4,673$4,126$3,636$3,199$2,757
13 years$4,826$4,223$3,686$3,210$2,790$2,369
14 years$4,436$3,839$3,312$2,850$2,446$2,046
15 years$4,097$3,507$2,990$2,541$2,153$1,774
16 years$3,801$3,218$2,711$2,276$1,903$1,544
17 years$3,541$2,963$2,467$2,045$1,687$1,347
18 years$3,309$2,738$2,252$1,843$1,500$1,179
19 years$3,102$2,538$2,062$1,665$1,337$1,034
20 years$2,916$2,358$1,892$1,508$1,195$908
21 years$2,748$2,197$1,740$1,369$1,069$799
22 years$2,595$2,050$1,604$1,244$958$704
23 years$2,456$1,918$1,481$1,133$860$621
24 years$2,329$1,797$1,370$1,034$773$549
25 years$2,212$1,686$1,269$944$696$485
26 years$2,104$1,585$1,177$863$627$429
27 years$2,005$1,491$1,093$790$565$380
28 years$1,912$1,405$1,016$724$510$337
29 years$1,826$1,326$945$664$460$299
30 years$1,747$1,252$880$609$416$265
31 years$1,672$1,184$821$559$376$235
32 years$1,602$1,120$766$514$340$209
33 years$1,537$1,061$715$473$308$185
34 years$1,475$1,005$668$435$279$165
35 years$1,417$953$625$400$252$146
36 years$1,363$905$584$369$229$130
37 years$1,311$859$547$340$207$116
38 years$1,263$817$512$313$188$103
39 years$1,217$777$480$289$170$91
40 years$1,173$739$450$266$155$81
41 years$1,132$703$422$246$140$72
42 years$1,092$670$396$227$127$64
43 years$1,055$638$371$209$115$57
44 years$1,019$608$348$193$105$51
45 years$986$580$327$179$95$45
46 years$953$553$307$165$86$40
47 years$922$528$289$152$78$36
48 years$893$504$271$141$71$32
49 years$865$482$255$130$65$28
50 years$838$460$240$120$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $858,000, adding $5,258 every year, while hoping to spend $34,403 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: 39/33/28 Blend
73$858,000$858,000$858,000$858,000
74$950,940$905,466$892,167$979,961
75$1,011,331$913,229$885,450$1,009,405
76$1,076,729$920,220$877,355$1,037,665
77$1,147,609$926,363$867,799$1,067,567
78$1,224,491$931,581$856,697$1,099,283
79$1,307,950$935,790$843,957$1,133,004
80$1,398,616$938,899$829,485$1,168,945
81$1,497,184$940,814$813,181$1,207,340
82$1,604,417$941,434$794,943$1,248,454
83$1,721,155$940,652$774,661$1,292,579
84$1,848,322$938,353$752,222$1,340,041
85$1,986,937$934,418$727,507$1,391,200
86$2,138,117$928,718$700,392$1,446,457
87$2,303,096$921,116$670,746$1,506,258
88$2,483,231$911,469$638,434$1,571,095
89$2,680,013$899,624$603,315$1,641,518
90$2,895,087$885,418$565,239$1,718,132
91$3,130,263$868,681$524,051$1,801,613
92$3,387,532$849,229$479,589$1,892,706
93$3,669,090$826,870$431,685$1,992,239
94$3,977,352$801,401$380,161$2,101,129
95$4,314,977$772,606$324,832$2,220,390
96$4,684,896$740,255$265,505$2,351,147
97$5,090,336$704,108$201,980$2,494,646
98$5,534,849$663,908$134,045$2,652,263
99$6,022,349$619,385$61,481$2,825,523
100$6,557,148$570,253$0$3,016,115