Can I retire at age 74 with 871,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12%
1 years$71,926$71,286$70,661$70,051$69,455$68,873
2 years$35,607$34,944$34,301$33,678$33,074$32,487
3 years$23,502$22,836$22,195$21,578$20,983$20,410
4 years$17,451$16,787$16,152$15,546$14,965$14,411
5 years$13,821$13,161$12,535$11,941$11,377$10,841
6 years$11,402$10,747$10,130$9,549$9,002$8,487
7 years$9,675$9,025$8,418$7,851$7,321$6,827
8 years$8,380$7,736$7,139$6,586$6,073$5,600
9 years$7,374$6,736$6,149$5,610$5,115$4,661
10 years$6,569$5,937$5,361$4,836$4,358$3,925
11 years$5,911$5,286$4,720$4,208$3,748$3,335
12 years$5,363$4,744$4,189$3,691$3,248$2,854
13 years$4,900$4,287$3,742$3,259$2,832$2,457
14 years$4,503$3,897$3,362$2,893$2,483$2,126
15 years$4,159$3,560$3,036$2,580$2,186$1,847
16 years$3,859$3,266$2,752$2,310$1,932$1,611
17 years$3,594$3,008$2,505$2,076$1,713$1,409
18 years$3,359$2,780$2,286$1,870$1,523$1,235
19 years$3,149$2,576$2,093$1,690$1,358$1,086
20 years$2,960$2,394$1,921$1,531$1,213$956
21 years$2,790$2,230$1,767$1,389$1,085$843
22 years$2,635$2,081$1,628$1,263$973$745
23 years$2,494$1,947$1,504$1,150$873$658
24 years$2,364$1,824$1,391$1,049$785$583
25 years$2,246$1,712$1,288$958$706$517
26 years$2,136$1,609$1,194$876$636$458
27 years$2,035$1,514$1,109$802$574$407
28 years$1,941$1,427$1,031$735$518$361
29 years$1,854$1,346$960$674$467$321
30 years$1,773$1,271$894$618$422$285
31 years$1,697$1,202$833$568$382$254
32 years$1,626$1,137$777$522$345$226
33 years$1,560$1,077$726$480$313$201
34 years$1,497$1,020$678$442$283$179
35 years$1,439$968$634$407$256$160
36 years$1,383$919$593$374$232$142
37 years$1,331$873$555$345$210$127
38 years$1,282$829$520$318$191$113
39 years$1,235$788$487$293$173$101
40 years$1,191$750$457$270$157$90
41 years$1,149$714$428$249$142$80
42 years$1,109$680$402$230$129$71
43 years$1,071$648$377$213$117$64
44 years$1,035$618$354$196$106$57
45 years$1,000$589$332$181$97$51
46 years$968$562$312$167$88$45
47 years$936$536$293$155$80$40
48 years$906$512$275$143$72$36
49 years$878$489$259$132$66$32
50 years$850$467$243$122$60$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $871,000, adding $2,112 every year, while hoping to spend $31,586 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: 34/48/18 Blend
73$871,000$871,000$871,000$871,000
74$962,021$915,858$902,357$989,328
75$1,026,539$927,127$898,979$1,020,847
76$1,096,580$937,891$894,429$1,051,731
77$1,172,674$948,089$888,634$1,084,369
78$1,255,402$957,662$881,519$1,118,934
79$1,345,407$966,541$873,004$1,155,618
80$1,443,394$974,657$863,005$1,194,636
81$1,550,140$981,934$851,435$1,236,222
82$1,666,498$988,293$838,202$1,280,642
83$1,793,410$993,648$823,211$1,328,185
84$1,931,910$997,909$806,360$1,379,176
85$2,083,137$1,000,979$787,546$1,433,974
86$2,248,346$1,002,756$766,658$1,492,976
87$2,428,917$1,003,131$743,581$1,556,624
88$2,626,371$1,001,989$718,195$1,625,406
89$2,842,380$999,206$690,374$1,699,866
90$3,078,789$994,653$659,987$1,780,603
91$3,337,625$988,190$626,896$1,868,282
92$3,621,124$979,673$590,958$1,963,640
93$3,931,745$968,944$552,023$2,067,494
94$4,272,201$955,840$509,933$2,180,747
95$4,645,474$940,185$464,525$2,304,397
96$5,054,853$921,794$415,627$2,439,553
97$5,503,958$900,472$363,060$2,587,440
98$5,996,778$876,011$306,638$2,749,411
99$6,537,704$848,191$246,166$2,926,966
100$7,131,577$816,779$181,439$3,121,764