Can I retire at age 74 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$71,761$71,122$70,498$69,890$69,295$68,458
2 years$35,525$34,864$34,223$33,601$32,998$32,155
3 years$23,448$22,784$22,144$21,528$20,935$20,113
4 years$17,411$16,749$16,115$15,510$14,931$14,136
5 years$13,790$13,131$12,506$11,913$11,350$10,585
6 years$11,376$10,722$10,107$9,527$8,981$8,246
7 years$9,653$9,005$8,399$7,833$7,304$6,600
8 years$8,361$7,719$7,123$6,571$6,059$5,386
9 years$7,357$6,721$6,135$5,597$5,103$4,460
10 years$6,554$5,924$5,349$4,824$4,348$3,735
11 years$5,897$5,274$4,709$4,199$3,739$3,155
12 years$5,350$4,733$4,179$3,683$3,240$2,685
13 years$4,888$4,278$3,734$3,251$2,826$2,299
14 years$4,492$3,888$3,355$2,886$2,477$1,977
15 years$4,150$3,552$3,029$2,574$2,181$1,708
16 years$3,850$3,259$2,746$2,305$1,928$1,480
17 years$3,586$3,001$2,499$2,071$1,709$1,286
18 years$3,351$2,773$2,281$1,866$1,520$1,120
19 years$3,142$2,570$2,088$1,686$1,355$978
20 years$2,953$2,388$1,916$1,527$1,210$856
21 years$2,783$2,225$1,763$1,386$1,083$750
22 years$2,629$2,077$1,625$1,260$970$658
23 years$2,488$1,942$1,500$1,148$871$578
24 years$2,359$1,820$1,387$1,047$783$508
25 years$2,240$1,708$1,285$956$705$447
26 years$2,131$1,605$1,192$874$635$393
27 years$2,030$1,511$1,107$800$572$347
28 years$1,937$1,423$1,029$733$516$306
29 years$1,850$1,343$957$672$466$270
30 years$1,769$1,268$892$617$421$238
31 years$1,693$1,199$831$567$381$210
32 years$1,623$1,134$776$521$345$186
33 years$1,556$1,074$724$479$312$164
34 years$1,494$1,018$677$441$282$145
35 years$1,435$966$633$406$256$128
36 years$1,380$917$592$374$232$113
37 years$1,328$871$554$344$210$100
38 years$1,279$827$519$317$190$89
39 years$1,232$787$486$292$173$78
40 years$1,188$748$456$270$157$69
41 years$1,146$712$427$249$142$61
42 years$1,106$679$401$230$129$54
43 years$1,069$646$376$212$117$48
44 years$1,032$616$353$196$106$43
45 years$998$588$331$181$96$38
46 years$965$561$311$167$88$33
47 years$934$535$292$154$79$30
48 years$904$511$275$143$72$26
49 years$876$488$258$132$66$23
50 years$848$466$243$122$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $869,000, adding $4,082 every year, while hoping to spend $46,882 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: 76/14/10 Blend
73$869,000$869,000$869,000$869,000
74$961,849$915,792$902,322$1,032,946
75$1,010,075$910,783$882,668$1,075,316
76$1,061,649$903,958$860,784$1,115,384
77$1,116,863$895,178$836,546$1,157,975
78$1,176,038$884,296$809,824$1,203,321
79$1,239,523$871,156$780,483$1,251,680
80$1,307,705$855,593$748,380$1,303,337
81$1,381,007$837,433$713,366$1,358,604
82$1,459,892$816,490$675,287$1,417,827
83$1,544,872$792,569$633,980$1,481,389
84$1,636,507$765,463$589,276$1,549,710
85$1,735,410$734,950$540,996$1,623,255
86$1,842,259$700,800$488,957$1,702,538
87$1,957,797$662,766$432,964$1,788,124
88$2,082,840$620,589$372,816$1,880,640
89$2,218,285$573,994$308,301$1,980,774
90$2,365,121$522,690$239,200$2,089,288
91$2,524,431$466,370$165,281$2,207,022
92$2,697,411$404,710$86,306$2,334,905
93$2,885,372$337,366$2,022$2,473,959
94$3,089,759$263,976$0$2,625,314
95$3,312,161$184,157$0$2,799,598
96$3,554,326$97,506$0$2,989,645
97$3,818,179$3,595$0$3,196,788
98$4,105,836$0$0$3,422,733
99$4,419,627$0$0$3,684,465
100$4,762,117$0$0$3,970,770