Can I retire at age 74 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$70,935$70,304$69,687$69,085$68,498$66,385
2 years$35,117$34,463$33,829$33,214$32,618$30,508
3 years$23,178$22,522$21,889$21,281$20,694$18,653
4 years$17,211$16,556$15,930$15,331$14,759$12,802
5 years$13,631$12,980$12,362$11,776$11,220$9,353
6 years$11,245$10,599$9,991$9,417$8,878$7,102
7 years$9,542$8,901$8,302$7,743$7,220$5,536
8 years$8,265$7,630$7,041$6,495$5,990$4,395
9 years$7,272$6,643$6,064$5,532$5,044$3,538
10 years$6,478$5,856$5,287$4,769$4,298$2,878
11 years$5,829$5,213$4,655$4,150$3,696$2,361
12 years$5,289$4,679$4,131$3,640$3,203$1,948
13 years$4,832$4,228$3,691$3,214$2,793$1,616
14 years$4,441$3,843$3,316$2,853$2,449$1,347
15 years$4,102$3,511$2,994$2,544$2,156$1,126
16 years$3,806$3,221$2,714$2,278$1,905$944
17 years$3,545$2,967$2,470$2,047$1,689$793
18 years$3,313$2,741$2,255$1,845$1,502$667
19 years$3,106$2,541$2,064$1,667$1,339$563
20 years$2,919$2,361$1,894$1,510$1,196$475
21 years$2,751$2,199$1,742$1,370$1,070$402
22 years$2,598$2,053$1,606$1,246$959$340
23 years$2,459$1,920$1,483$1,135$861$288
24 years$2,332$1,799$1,371$1,035$774$244
25 years$2,215$1,688$1,270$945$696$207
26 years$2,107$1,587$1,178$864$627$175
27 years$2,007$1,493$1,094$791$566$149
28 years$1,915$1,407$1,017$725$510$126
29 years$1,829$1,327$946$665$461$107
30 years$1,749$1,254$881$610$416$91
31 years$1,674$1,185$822$560$376$77
32 years$1,604$1,121$767$515$341$66
33 years$1,538$1,062$716$473$308$56
34 years$1,477$1,006$669$436$279$47
35 years$1,419$955$625$401$253$40
36 years$1,364$906$585$369$229$34
37 years$1,313$860$548$340$208$29
38 years$1,264$818$513$314$188$25
39 years$1,218$778$480$289$171$21
40 years$1,174$740$450$267$155$18
41 years$1,133$704$422$246$140$15
42 years$1,094$671$396$227$127$13
43 years$1,056$639$372$210$116$11
44 years$1,021$609$349$194$105$9
45 years$987$581$328$179$95$8
46 years$954$554$308$165$87$7
47 years$923$529$289$153$79$6
48 years$894$505$272$141$71$5
49 years$866$482$255$130$65$4
50 years$839$461$240$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $859,000, adding $6,470 every year, while hoping to spend $42,299 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: 61/22/17 Blend
73$859,000$859,000$859,000$859,000
74$953,292$907,765$894,450$1,006,941
75$1,005,522$907,239$879,409$1,043,354
76$1,061,661$905,271$862,445$1,077,769
77$1,122,065$901,743$843,451$1,114,337
78$1,187,122$896,534$822,313$1,153,272
79$1,257,258$889,514$798,910$1,194,810
80$1,332,943$880,545$773,118$1,239,212
81$1,414,693$869,482$744,807$1,286,769
82$1,503,073$856,168$713,840$1,337,801
83$1,598,707$840,441$680,074$1,392,664
84$1,702,278$822,126$643,360$1,451,753
85$1,814,540$801,039$603,542$1,515,503
86$1,936,319$776,986$560,457$1,584,397
87$2,068,526$749,761$513,934$1,658,969
88$2,212,161$719,144$463,796$1,739,810
89$2,368,325$684,906$409,857$1,827,575
90$2,538,229$646,801$351,922$1,922,988
91$2,723,206$604,572$289,789$2,026,848
92$2,924,722$557,945$223,246$2,140,043
93$3,144,391$506,631$152,072$2,263,551
94$3,383,988$450,326$76,036$2,398,454
95$3,645,469$388,706$0$2,545,952
96$3,930,984$321,430$0$2,708,293
97$4,242,903$248,139$0$2,900,793
98$4,583,834$168,452$0$3,111,311
99$4,956,645$81,966$0$3,341,683
100$5,364,499$0$0$3,593,935