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%16%
1 years$71,926$71,286$70,661$70,051$69,455$67,748
2 years$35,607$34,944$34,301$33,678$33,074$31,365
3 years$23,502$22,836$22,195$21,578$20,983$19,326
4 years$17,451$16,787$16,152$15,546$14,965$13,372
5 years$13,821$13,161$12,535$11,941$11,377$9,851
6 years$11,402$10,747$10,130$9,549$9,002$7,546
7 years$9,675$9,025$8,418$7,851$7,321$5,936
8 years$8,380$7,736$7,139$6,586$6,073$4,758
9 years$7,374$6,736$6,149$5,610$5,115$3,867
10 years$6,569$5,937$5,361$4,836$4,358$3,177
11 years$5,911$5,286$4,720$4,208$3,748$2,633
12 years$5,363$4,744$4,189$3,691$3,248$2,196
13 years$4,900$4,287$3,742$3,259$2,832$1,842
14 years$4,503$3,897$3,362$2,893$2,483$1,551
15 years$4,159$3,560$3,036$2,580$2,186$1,311
16 years$3,859$3,266$2,752$2,310$1,932$1,112
17 years$3,594$3,008$2,505$2,076$1,713$945
18 years$3,359$2,780$2,286$1,870$1,523$805
19 years$3,149$2,576$2,093$1,690$1,358$687
20 years$2,960$2,394$1,921$1,531$1,213$587
21 years$2,790$2,230$1,767$1,389$1,085$502
22 years$2,635$2,081$1,628$1,263$973$430
23 years$2,494$1,947$1,504$1,150$873$369
24 years$2,364$1,824$1,391$1,049$785$317
25 years$2,246$1,712$1,288$958$706$272
26 years$2,136$1,609$1,194$876$636$234
27 years$2,035$1,514$1,109$802$574$201
28 years$1,941$1,427$1,031$735$518$173
29 years$1,854$1,346$960$674$467$148
30 years$1,773$1,271$894$618$422$128
31 years$1,697$1,202$833$568$382$110
32 years$1,626$1,137$777$522$345$95
33 years$1,560$1,077$726$480$313$81
34 years$1,497$1,020$678$442$283$70
35 years$1,439$968$634$407$256$60
36 years$1,383$919$593$374$232$52
37 years$1,331$873$555$345$210$45
38 years$1,282$829$520$318$191$39
39 years$1,235$788$487$293$173$33
40 years$1,191$750$457$270$157$29
41 years$1,149$714$428$249$142$25
42 years$1,109$680$402$230$129$21
43 years$1,071$648$377$213$117$18
44 years$1,035$618$354$196$106$16
45 years$1,000$589$332$181$97$14
46 years$968$562$312$167$88$12
47 years$936$536$293$155$80$10
48 years$906$512$275$143$72$9
49 years$878$489$259$132$66$8
50 years$850$467$243$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $871,000, adding $2,248 every year, while hoping to spend $49,693 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: 35/44/21 Blend
73$871,000$871,000$871,000$871,000
74$962,161$915,998$902,497$989,618
75$1,007,428$908,009$879,858$1,002,025
76$1,055,647$897,963$854,795$1,010,654
77$1,107,067$885,706$827,174$1,018,945
78$1,161,959$871,078$796,856$1,026,899
79$1,220,623$853,904$763,694$1,034,519
80$1,283,385$834,003$727,536$1,041,814
81$1,350,603$811,183$688,222$1,048,800
82$1,422,672$785,238$645,584$1,055,497
83$1,500,022$755,952$599,449$1,061,934
84$1,583,127$723,097$549,634$1,068,149
85$1,672,508$686,431$495,948$1,074,189
86$1,768,734$645,696$438,193$1,080,113
87$1,872,433$600,623$376,160$1,085,993
88$1,984,292$550,925$309,633$1,091,915
89$2,105,069$496,299$238,384$1,097,982
90$2,235,594$436,425$162,178$1,104,316
91$2,376,780$370,966$80,767$1,111,060
92$2,529,632$299,563$0$1,118,379
93$2,695,253$221,840$0$1,127,838
94$2,874,856$137,398$0$1,157,691
95$3,069,777$45,816$0$1,190,143
96$3,281,482$0$0$1,225,554
97$3,511,587$0$0$1,290,160
98$3,761,868$0$0$1,384,669
99$4,034,279$0$0$1,487,650
100$4,330,969$0$0$1,599,929