Can I retire at age 74 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$71,348$70,713$70,093$69,488$68,897$66,479
2 years$35,321$34,663$34,026$33,407$32,808$30,397
3 years$23,313$22,653$22,017$21,404$20,815$18,487
4 years$17,311$16,652$16,023$15,421$14,845$12,618
5 years$13,710$13,055$12,434$11,845$11,285$9,165
6 years$11,311$10,661$10,049$9,472$8,930$6,918
7 years$9,597$8,953$8,350$7,788$7,262$5,358
8 years$8,313$7,674$7,082$6,533$6,025$4,227
9 years$7,314$6,682$6,100$5,565$5,074$3,380
10 years$6,516$5,890$5,318$4,797$4,323$2,731
11 years$5,863$5,243$4,682$4,175$3,718$2,223
12 years$5,320$4,706$4,155$3,662$3,222$1,822
13 years$4,860$4,253$3,712$3,233$2,810$1,500
14 years$4,467$3,866$3,335$2,870$2,463$1,240
15 years$4,126$3,531$3,011$2,559$2,168$1,029
16 years$3,828$3,240$2,730$2,291$1,916$855
17 years$3,565$2,984$2,484$2,059$1,699$713
18 years$3,332$2,757$2,268$1,855$1,511$595
19 years$3,124$2,555$2,076$1,677$1,347$498
20 years$2,936$2,375$1,905$1,518$1,203$417
21 years$2,767$2,212$1,753$1,378$1,076$349
22 years$2,614$2,065$1,615$1,253$965$293
23 years$2,474$1,931$1,491$1,141$866$246
24 years$2,345$1,809$1,379$1,041$779$206
25 years$2,228$1,698$1,278$951$701$173
26 years$2,119$1,596$1,185$869$631$146
27 years$2,019$1,502$1,100$795$569$123
28 years$1,926$1,415$1,023$729$513$103
29 years$1,839$1,335$952$668$464$87
30 years$1,759$1,261$887$613$419$73
31 years$1,684$1,192$827$563$379$61
32 years$1,613$1,128$771$518$343$52
33 years$1,547$1,068$720$476$310$44
34 years$1,485$1,012$673$438$281$37
35 years$1,427$960$629$403$254$31
36 years$1,372$911$588$371$230$26
37 years$1,320$865$551$342$209$22
38 years$1,271$823$516$315$189$18
39 years$1,225$782$483$291$172$16
40 years$1,181$744$453$268$156$13
41 years$1,140$708$425$247$141$11
42 years$1,100$675$398$228$128$9
43 years$1,062$643$374$211$116$8
44 years$1,027$613$351$195$106$7
45 years$992$584$329$180$96$6
46 years$960$557$309$166$87$5
47 years$929$532$291$153$79$4
48 years$899$508$273$142$72$3
49 years$871$485$257$131$65$3
50 years$844$463$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $864,000, adding $5,160 every year, while hoping to spend $43,206 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: 38/33/29 Blend
73$864,000$864,000$864,000$864,000
74$957,451$911,659$898,267$985,411
75$1,009,140$910,359$882,388$1,005,163
76$1,064,653$907,548$864,529$1,022,177
77$1,124,335$903,105$844,578$1,039,749
78$1,188,564$896,904$822,418$1,057,957
79$1,257,755$888,809$797,926$1,076,891
80$1,332,364$878,679$770,975$1,096,656
81$1,412,892$866,361$741,429$1,117,368
82$1,499,889$851,696$709,150$1,139,160
83$1,593,962$834,512$673,990$1,162,184
84$1,695,773$814,631$635,796$1,186,609
85$1,806,056$791,861$594,409$1,212,628
86$1,925,612$766,001$549,660$1,240,458
87$2,055,326$736,837$501,376$1,270,341
88$2,196,171$704,143$449,373$1,302,553
89$2,349,214$667,680$393,461$1,337,401
90$2,515,632$627,195$333,440$1,375,231
91$2,696,719$582,420$269,103$1,416,430
92$2,893,898$533,072$200,232$1,461,430
93$3,108,737$478,853$126,600$1,510,717
94$3,342,958$419,447$47,971$1,564,832
95$3,598,459$354,519$0$1,624,380
96$3,877,328$283,718$0$1,701,158
97$4,181,865$206,669$0$1,801,361
98$4,514,600$122,981$0$1,911,053
99$4,878,318$32,236$0$2,031,256
100$5,276,088$0$0$2,163,102