Can I retire at age 74 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$72,009$71,368$70,742$70,131$69,535$69,067
2 years$35,648$34,984$34,341$33,717$33,112$32,641
3 years$23,529$22,862$22,221$21,603$21,007$20,547
4 years$17,471$16,806$16,171$15,564$14,983$14,536
5 years$13,837$13,176$12,549$11,954$11,390$10,959
6 years$11,415$10,760$10,142$9,560$9,012$8,597
7 years$9,686$9,036$8,428$7,860$7,329$6,931
8 years$8,390$7,745$7,147$6,593$6,080$5,698
9 years$7,382$6,744$6,156$5,616$5,121$4,754
10 years$6,576$5,944$5,367$4,841$4,363$4,013
11 years$5,918$5,292$4,725$4,213$3,752$3,418
12 years$5,369$4,750$4,193$3,696$3,252$2,932
13 years$4,905$4,292$3,746$3,263$2,836$2,531
14 years$4,508$3,902$3,366$2,896$2,486$2,196
15 years$4,164$3,564$3,039$2,583$2,189$1,913
16 years$3,863$3,270$2,756$2,313$1,934$1,673
17 years$3,598$3,012$2,507$2,078$1,715$1,467
18 years$3,363$2,783$2,289$1,873$1,525$1,290
19 years$3,153$2,579$2,095$1,692$1,359$1,137
20 years$2,964$2,397$1,923$1,533$1,214$1,004
21 years$2,793$2,232$1,769$1,391$1,086$888
22 years$2,638$2,084$1,630$1,265$974$787
23 years$2,496$1,949$1,505$1,152$874$698
24 years$2,367$1,826$1,392$1,050$786$620
25 years$2,248$1,714$1,289$959$707$551
26 years$2,139$1,611$1,196$877$637$490
27 years$2,037$1,516$1,110$803$574$436
28 years$1,943$1,428$1,032$736$518$389
29 years$1,856$1,347$961$675$468$347
30 years$1,775$1,272$895$619$423$309
31 years$1,699$1,203$834$569$382$276
32 years$1,628$1,138$778$523$346$246
33 years$1,562$1,078$727$481$313$220
34 years$1,499$1,022$679$442$283$197
35 years$1,440$969$635$407$257$176
36 years$1,385$920$594$375$232$157
37 years$1,333$874$556$345$211$141
38 years$1,283$830$521$318$191$126
39 years$1,236$789$488$294$173$112
40 years$1,192$751$457$271$157$101
41 years$1,150$715$429$250$143$90
42 years$1,110$681$402$231$129$81
43 years$1,072$649$377$213$117$72
44 years$1,036$618$354$196$107$65
45 years$1,002$590$333$181$97$58
46 years$969$563$312$168$88$52
47 years$937$537$293$155$80$46
48 years$907$512$276$143$72$42
49 years$879$489$259$132$66$37
50 years$851$467$244$122$60$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $872,000, adding $3,227 every year, while hoping to spend $33,129 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: 50/34/16 Blend
73$872,000$872,000$872,000$872,000
74$964,273$918,057$904,541$1,008,080
75$1,027,379$927,792$899,594$1,048,323
76$1,095,813$936,895$893,371$1,088,329
77$1,170,081$945,298$885,794$1,131,078
78$1,250,743$952,932$876,782$1,176,842
79$1,338,414$959,721$866,250$1,225,917
80$1,433,771$965,585$854,107$1,278,634
81$1,537,557$970,441$840,262$1,335,357
82$1,650,593$974,197$824,615$1,396,490
83$1,773,778$976,757$807,064$1,462,477
84$1,908,105$978,020$787,502$1,533,810
85$2,054,665$977,877$765,818$1,611,035
86$2,214,661$976,212$741,892$1,694,754
87$2,389,414$972,905$715,604$1,785,630
88$2,580,382$967,824$686,824$1,884,400
89$2,789,166$960,833$655,417$1,991,874
90$3,017,532$951,785$621,245$2,108,952
91$3,267,424$940,526$584,160$2,236,623
92$3,540,980$926,891$544,009$2,375,983
93$3,840,559$910,707$500,631$2,528,243
94$4,168,754$891,789$453,860$2,694,739
95$4,528,423$869,943$403,521$2,876,947
96$4,922,713$844,962$349,431$3,076,498
97$5,355,092$816,627$291,398$3,295,192
98$5,829,377$784,707$229,225$3,535,017
99$6,349,772$748,957$162,704$3,798,170
100$6,920,911$709,118$91,616$4,087,074