Can I retire at age 74 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$71,926$71,286$70,661$70,051$69,455$69,017
2 years$35,607$34,944$34,301$33,678$33,074$32,632
3 years$23,502$22,836$22,195$21,578$20,983$20,552
4 years$17,451$16,787$16,152$15,546$14,965$14,547
5 years$13,821$13,161$12,535$11,941$11,377$10,972
6 years$11,402$10,747$10,130$9,549$9,002$8,613
7 years$9,675$9,025$8,418$7,851$7,321$6,947
8 years$8,380$7,736$7,139$6,586$6,073$5,715
9 years$7,374$6,736$6,149$5,610$5,115$4,771
10 years$6,569$5,937$5,361$4,836$4,358$4,029
11 years$5,911$5,286$4,720$4,208$3,748$3,434
12 years$5,363$4,744$4,189$3,691$3,248$2,948
13 years$4,900$4,287$3,742$3,259$2,832$2,546
14 years$4,503$3,897$3,362$2,893$2,483$2,211
15 years$4,159$3,560$3,036$2,580$2,186$1,927
16 years$3,859$3,266$2,752$2,310$1,932$1,686
17 years$3,594$3,008$2,505$2,076$1,713$1,480
18 years$3,359$2,780$2,286$1,870$1,523$1,302
19 years$3,149$2,576$2,093$1,690$1,358$1,148
20 years$2,960$2,394$1,921$1,531$1,213$1,015
21 years$2,790$2,230$1,767$1,389$1,085$898
22 years$2,635$2,081$1,628$1,263$973$796
23 years$2,494$1,947$1,504$1,150$873$707
24 years$2,364$1,824$1,391$1,049$785$628
25 years$2,246$1,712$1,288$958$706$559
26 years$2,136$1,609$1,194$876$636$498
27 years$2,035$1,514$1,109$802$574$443
28 years$1,941$1,427$1,031$735$518$395
29 years$1,854$1,346$960$674$467$353
30 years$1,773$1,271$894$618$422$315
31 years$1,697$1,202$833$568$382$281
32 years$1,626$1,137$777$522$345$251
33 years$1,560$1,077$726$480$313$225
34 years$1,497$1,020$678$442$283$201
35 years$1,439$968$634$407$256$180
36 years$1,383$919$593$374$232$161
37 years$1,331$873$555$345$210$144
38 years$1,282$829$520$318$191$129
39 years$1,235$788$487$293$173$115
40 years$1,191$750$457$270$157$103
41 years$1,149$714$428$249$142$93
42 years$1,109$680$402$230$129$83
43 years$1,071$648$377$213$117$74
44 years$1,035$618$354$196$106$67
45 years$1,000$589$332$181$97$60
46 years$968$562$312$167$88$53
47 years$936$536$293$155$80$48
48 years$906$512$275$143$72$43
49 years$878$489$259$132$66$38
50 years$850$467$243$122$60$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $871,000, adding $5,920 every year, while hoping to spend $48,281 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: 51/30/19 Blend
73$871,000$871,000$871,000$871,000
74$965,948$919,785$906,285$1,009,855
75$1,013,105$913,484$885,275$1,034,450
76$1,063,453$905,256$861,943$1,055,694
77$1,117,267$894,956$836,160$1,077,756
78$1,174,848$882,429$807,792$1,100,731
79$1,236,527$867,513$776,697$1,124,726
80$1,302,665$850,033$742,729$1,149,860
81$1,373,660$829,808$705,733$1,176,269
82$1,449,947$806,642$665,549$1,204,105
83$1,532,005$780,331$622,008$1,233,540
84$1,620,359$750,656$574,935$1,264,766
85$1,715,586$717,389$524,145$1,297,999
86$1,818,319$680,284$469,448$1,333,481
87$1,929,255$639,086$410,642$1,371,483
88$2,049,159$593,521$347,518$1,412,308
89$2,178,871$543,301$279,858$1,456,296
90$2,319,316$488,123$207,433$1,503,825
91$2,471,510$427,664$130,006$1,555,319
92$2,636,569$361,585$47,326$1,611,250
93$2,815,723$289,527$0$1,672,144
94$3,010,323$211,109$0$1,746,882
95$3,221,855$125,933$0$1,838,602
96$3,451,954$33,573$0$1,938,486
97$3,702,419$0$0$2,047,403
98$3,975,231$0$0$2,188,244
99$4,272,567$0$0$2,353,906
100$4,596,825$0$0$2,534,654