Can I retire at age 74 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$71,183$70,549$69,930$69,327$68,737$66,940
2 years$35,239$34,583$33,947$33,330$32,732$30,933
3 years$23,259$22,600$21,966$21,355$20,766$19,023
4 years$17,271$16,614$15,986$15,385$14,811$13,136
5 years$13,678$13,025$12,405$11,817$11,259$9,657
6 years$11,284$10,636$10,025$9,450$8,909$7,382
7 years$9,575$8,932$8,331$7,770$7,245$5,793
8 years$8,294$7,657$7,065$6,518$6,011$4,632
9 years$7,297$6,666$6,086$5,552$5,062$3,756
10 years$6,501$5,876$5,305$4,786$4,313$3,079
11 years$5,850$5,231$4,671$4,165$3,709$2,544
12 years$5,307$4,695$4,145$3,653$3,214$2,117
13 years$4,849$4,243$3,704$3,225$2,803$1,770
14 years$4,456$3,857$3,328$2,863$2,457$1,487
15 years$4,116$3,523$3,004$2,553$2,163$1,254
16 years$3,819$3,233$2,724$2,286$1,912$1,060
17 years$3,557$2,977$2,479$2,054$1,695$898
18 years$3,324$2,751$2,263$1,851$1,507$763
19 years$3,117$2,550$2,071$1,673$1,344$649
20 years$2,930$2,369$1,901$1,515$1,200$553
21 years$2,761$2,207$1,749$1,375$1,074$472
22 years$2,608$2,060$1,612$1,250$963$403
23 years$2,468$1,927$1,488$1,138$864$344
24 years$2,340$1,805$1,376$1,038$777$295
25 years$2,222$1,694$1,275$948$699$252
26 years$2,114$1,592$1,182$867$630$216
27 years$2,014$1,498$1,098$794$568$185
28 years$1,921$1,412$1,020$727$512$159
29 years$1,835$1,332$950$667$462$136
30 years$1,755$1,258$885$612$418$117
31 years$1,680$1,189$825$562$378$100
32 years$1,609$1,125$769$517$342$86
33 years$1,544$1,066$718$475$309$74
34 years$1,482$1,010$671$437$280$63
35 years$1,424$958$628$402$254$54
36 years$1,369$909$587$371$230$47
37 years$1,317$863$549$341$208$40
38 years$1,269$821$515$315$189$34
39 years$1,222$780$482$290$171$29
40 years$1,178$742$452$268$155$25
41 years$1,137$707$424$247$141$22
42 years$1,097$673$397$228$128$19
43 years$1,060$641$373$210$116$16
44 years$1,024$611$350$194$105$14
45 years$990$583$329$179$96$12
46 years$958$556$309$166$87$10
47 years$927$531$290$153$79$9
48 years$897$507$273$141$72$8
49 years$869$484$256$131$65$6
50 years$842$462$241$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $862,000, adding $4,603 every year, while hoping to spend $37,679 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: 34/46/20 Blend
73$862,000$862,000$862,000$862,000
74$954,672$908,986$895,625$981,141
75$1,011,958$913,436$885,538$1,005,533
76$1,073,825$916,842$873,851$1,028,022
77$1,140,700$919,111$860,469$1,051,491
78$1,213,052$920,148$845,296$1,076,050
79$1,291,398$919,850$828,228$1,101,821
80$1,376,305$918,108$809,159$1,128,943
81$1,468,399$914,806$787,976$1,157,571
82$1,568,365$909,821$764,562$1,187,879
83$1,676,959$903,022$738,795$1,220,060
84$1,795,010$894,272$710,547$1,254,334
85$1,923,434$883,424$679,683$1,290,944
86$2,063,234$870,322$646,062$1,330,163
87$2,215,518$854,802$609,539$1,372,296
88$2,381,503$836,689$569,961$1,417,683
89$2,562,528$815,798$527,166$1,466,705
90$2,760,068$791,935$480,989$1,519,784
91$2,975,747$764,891$431,254$1,577,393
92$3,211,350$734,448$377,778$1,640,058
93$3,468,846$700,374$320,371$1,708,365
94$3,750,399$662,423$258,835$1,782,966
95$4,058,394$620,336$192,960$1,864,586
96$4,395,456$573,839$122,530$1,954,032
97$4,764,477$522,641$47,319$2,052,200
98$5,168,639$466,436$0$2,160,087
99$5,611,449$404,900$0$2,285,828
100$6,096,766$337,690$0$2,434,856