Can I retire at age 74 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$71,101$70,467$69,849$69,246$68,657$67,354
2 years$35,198$34,543$33,907$33,291$32,694$31,386
3 years$23,232$22,574$21,940$21,330$20,742$19,470
4 years$17,251$16,594$15,967$15,367$14,794$13,567
5 years$13,663$13,010$12,391$11,803$11,246$10,069
6 years$11,271$10,624$10,014$9,439$8,898$7,772
7 years$9,564$8,922$8,322$7,761$7,237$6,162
8 years$8,284$7,648$7,057$6,510$6,004$4,979
9 years$7,289$6,659$6,078$5,545$5,056$4,082
10 years$6,493$5,869$5,299$4,780$4,308$3,383
11 years$5,843$5,225$4,665$4,160$3,705$2,828
12 years$5,301$4,690$4,140$3,649$3,211$2,380
13 years$4,843$4,238$3,699$3,221$2,800$2,015
14 years$4,451$3,852$3,324$2,860$2,454$1,714
15 years$4,111$3,519$3,001$2,550$2,161$1,463
16 years$3,815$3,229$2,721$2,284$1,910$1,253
17 years$3,553$2,974$2,476$2,052$1,693$1,076
18 years$3,321$2,748$2,260$1,849$1,506$926
19 years$3,113$2,547$2,069$1,671$1,342$798
20 years$2,926$2,366$1,899$1,513$1,199$689
21 years$2,758$2,204$1,747$1,373$1,073$596
22 years$2,605$2,058$1,610$1,249$962$516
23 years$2,465$1,924$1,486$1,137$863$448
24 years$2,337$1,803$1,375$1,037$776$388
25 years$2,220$1,692$1,273$947$698$337
26 years$2,112$1,590$1,181$866$629$293
27 years$2,012$1,497$1,096$793$567$255
28 years$1,919$1,410$1,019$726$512$221
29 years$1,833$1,330$949$666$462$193
30 years$1,753$1,256$884$611$417$168
31 years$1,678$1,188$824$561$377$146
32 years$1,608$1,124$769$516$341$127
33 years$1,542$1,064$718$474$309$111
34 years$1,480$1,009$670$437$280$97
35 years$1,422$957$627$402$253$84
36 years$1,367$908$586$370$230$73
37 years$1,316$862$549$341$208$64
38 years$1,267$820$514$314$189$56
39 years$1,221$779$482$290$171$49
40 years$1,177$742$451$267$155$42
41 years$1,136$706$423$247$141$37
42 years$1,096$672$397$228$128$32
43 years$1,059$641$373$210$116$28
44 years$1,023$611$350$194$105$25
45 years$989$582$328$179$96$21
46 years$957$555$308$165$87$19
47 years$926$530$290$153$79$16
48 years$896$506$272$141$72$14
49 years$868$483$256$131$65$12
50 years$841$462$241$121$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $861,000, adding $5,508 every year, while hoping to spend $20,408 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: 37/48/15 Blend
73$861,000$861,000$861,000$861,000
74$954,504$908,871$895,525$985,276
75$1,030,149$931,691$903,811$1,030,711
76$1,112,826$954,946$911,691$1,077,398
77$1,203,231$978,635$919,129$1,127,387
78$1,302,129$1,002,757$926,089$1,180,985
79$1,410,365$1,027,310$932,531$1,238,528
80$1,528,865$1,052,292$938,414$1,300,388
81$1,658,655$1,077,699$943,696$1,366,973
82$1,800,859$1,103,528$948,331$1,438,734
83$1,956,718$1,129,772$952,271$1,516,165
84$2,127,597$1,156,425$955,467$1,599,814
85$2,315,003$1,183,481$957,866$1,690,281
86$2,520,591$1,210,929$959,412$1,788,230
87$2,746,187$1,238,760$960,048$1,894,391
88$2,993,801$1,266,963$959,713$2,009,567
89$3,265,649$1,295,524$958,343$2,134,647
90$3,564,169$1,324,428$955,872$2,270,606
91$3,892,049$1,353,660$952,228$2,418,522
92$4,252,249$1,383,200$947,339$2,579,581
93$4,648,030$1,413,030$941,127$2,755,090
94$5,082,987$1,443,125$933,512$2,946,491
95$5,561,075$1,473,462$924,408$3,155,373
96$6,086,657$1,504,014$913,728$3,383,486
97$6,664,536$1,534,751$901,378$3,632,759
98$7,300,006$1,565,641$887,261$3,905,321
99$7,998,898$1,596,648$871,276$4,203,514
100$8,767,636$1,627,735$853,315$4,529,924