Can I retire at age 74 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$71,431$70,795$70,174$69,568$68,976$68,284
2 years$35,362$34,703$34,065$33,446$32,846$32,149
3 years$23,340$22,679$22,042$21,429$20,839$20,158
4 years$17,331$16,671$16,041$15,439$14,862$14,204
5 years$13,726$13,071$12,449$11,858$11,298$10,664
6 years$11,324$10,673$10,060$9,483$8,940$8,330
7 years$9,608$8,963$8,360$7,797$7,270$6,685
8 years$8,322$7,683$7,090$6,540$6,032$5,471
9 years$7,323$6,690$6,107$5,571$5,079$4,544
10 years$6,524$5,897$5,324$4,802$4,328$3,817
11 years$5,870$5,249$4,687$4,179$3,722$3,235
12 years$5,326$4,712$4,160$3,666$3,226$2,761
13 years$4,866$4,258$3,716$3,236$2,813$2,371
14 years$4,472$3,870$3,339$2,873$2,466$2,047
15 years$4,131$3,536$3,015$2,562$2,171$1,774
16 years$3,832$3,244$2,733$2,294$1,919$1,542
17 years$3,569$2,987$2,487$2,061$1,701$1,345
18 years$3,336$2,761$2,271$1,858$1,513$1,176
19 years$3,127$2,558$2,079$1,679$1,348$1,031
20 years$2,940$2,377$1,908$1,520$1,204$905
21 years$2,770$2,214$1,755$1,380$1,078$796
22 years$2,617$2,067$1,617$1,254$966$700
23 years$2,476$1,933$1,493$1,142$867$618
24 years$2,348$1,811$1,381$1,042$779$545
25 years$2,230$1,700$1,279$952$701$482
26 years$2,121$1,598$1,186$870$632$426
27 years$2,021$1,504$1,102$796$570$377
28 years$1,928$1,417$1,024$730$514$333
29 years$1,841$1,337$953$669$464$295
30 years$1,761$1,262$888$614$419$262
31 years$1,686$1,193$828$564$379$232
32 years$1,615$1,129$772$518$343$206
33 years$1,549$1,069$721$477$310$183
34 years$1,487$1,013$674$439$281$162
35 years$1,429$961$630$404$255$144
36 years$1,374$912$589$372$231$128
37 years$1,322$866$551$343$209$114
38 years$1,273$823$516$316$189$101
39 years$1,227$783$484$291$172$90
40 years$1,183$745$453$269$156$80
41 years$1,141$709$425$248$141$71
42 years$1,101$675$399$229$128$63
43 years$1,064$644$374$211$116$56
44 years$1,028$613$351$195$106$50
45 years$994$585$330$180$96$44
46 years$961$558$310$166$87$39
47 years$930$533$291$154$79$35
48 years$900$508$274$142$72$31
49 years$872$485$257$131$65$28
50 years$845$464$242$121$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $865,000, adding $3,154 every year, while hoping to spend $48,126 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: 36/44/20 Blend
73$865,000$865,000$865,000$865,000
74$956,483$910,638$897,231$985,017
75$1,002,839$904,054$876,082$999,535
76$1,052,310$895,534$852,612$1,010,482
77$1,105,163$884,933$826,693$1,021,307
78$1,161,691$872,096$798,188$1,032,028
79$1,222,215$856,859$766,958$1,042,666
80$1,287,086$839,051$732,857$1,053,252
81$1,356,690$818,486$695,729$1,063,821
82$1,431,451$794,970$655,414$1,074,420
83$1,511,833$768,298$611,745$1,085,102
84$1,598,348$738,252$564,546$1,095,935
85$1,691,554$704,602$513,634$1,106,995
86$1,792,068$667,103$458,816$1,118,375
87$1,900,566$625,497$399,893$1,130,183
88$2,017,790$579,513$336,656$1,142,544
89$2,144,558$528,862$268,887$1,155,606
90$2,281,765$473,239$196,357$1,169,535
91$2,430,399$412,322$118,829$1,184,527
92$2,591,545$345,771$36,055$1,200,802
93$2,766,395$273,225$0$1,218,614
94$2,956,260$194,307$0$1,249,410
95$3,162,584$108,613$0$1,291,298
96$3,386,954$15,722$0$1,337,010
97$3,631,116$0$0$1,387,032
98$3,896,991$0$0$1,482,972
99$4,186,694$0$0$1,595,917
100$4,502,551$0$0$1,719,176