Can I retire at age 74 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$72,257$71,613$70,985$70,372$69,774$68,170
2 years$35,771$35,104$34,459$33,833$33,226$31,619
3 years$23,610$22,941$22,297$21,677$21,080$19,520
4 years$17,531$16,864$16,227$15,617$15,034$13,533
5 years$13,885$13,222$12,593$11,995$11,429$9,991
6 years$11,455$10,797$10,177$9,593$9,043$7,670
7 years$9,719$9,067$8,457$7,887$7,355$6,047
8 years$8,419$7,772$7,172$6,616$6,101$4,858
9 years$7,407$6,767$6,177$5,635$5,138$3,958
10 years$6,599$5,965$5,385$4,858$4,378$3,260
11 years$5,938$5,310$4,741$4,228$3,765$2,708
12 years$5,387$4,766$4,208$3,708$3,263$2,265
13 years$4,922$4,307$3,759$3,274$2,845$1,905
14 years$4,523$3,915$3,378$2,906$2,494$1,609
15 years$4,178$3,576$3,050$2,592$2,196$1,364
16 years$3,877$3,281$2,765$2,321$1,941$1,160
17 years$3,611$3,022$2,516$2,085$1,721$989
18 years$3,375$2,792$2,297$1,879$1,530$845
19 years$3,164$2,588$2,103$1,698$1,364$723
20 years$2,974$2,405$1,930$1,538$1,218$620
21 years$2,802$2,240$1,775$1,396$1,090$532
22 years$2,647$2,091$1,636$1,269$977$457
23 years$2,505$1,956$1,510$1,156$877$393
24 years$2,375$1,832$1,397$1,054$788$338
25 years$2,256$1,720$1,294$963$709$291
26 years$2,146$1,616$1,200$880$639$251
27 years$2,044$1,521$1,114$806$576$217
28 years$1,950$1,433$1,036$738$520$187
29 years$1,863$1,352$964$677$469$161
30 years$1,781$1,277$898$621$424$139
31 years$1,705$1,207$837$571$383$120
32 years$1,634$1,142$781$524$347$104
33 years$1,567$1,082$729$482$314$90
34 years$1,504$1,025$681$444$284$78
35 years$1,445$972$637$408$257$67
36 years$1,390$923$596$376$233$58
37 years$1,337$877$558$347$211$50
38 years$1,288$833$522$319$192$43
39 years$1,241$792$489$295$174$37
40 years$1,196$754$459$272$158$32
41 years$1,154$717$430$251$143$28
42 years$1,114$683$403$231$130$24
43 years$1,076$651$379$214$118$21
44 years$1,040$620$355$197$107$18
45 years$1,005$592$334$182$97$16
46 years$972$564$313$168$88$14
47 years$941$539$294$155$80$12
48 years$911$514$277$144$73$10
49 years$882$491$260$133$66$9
50 years$854$469$244$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $875,000, adding $3,206 every year, while hoping to spend $39,150 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: 65/7/28 Blend
73$875,000$875,000$875,000$875,000
74$967,557$921,182$907,619$1,023,089
75$1,024,593$924,665$896,369$1,064,500
76$1,086,134$927,006$883,430$1,105,114
77$1,152,598$928,108$868,704$1,148,649
78$1,224,446$927,868$852,089$1,195,398
79$1,302,183$926,177$833,477$1,245,685
80$1,386,363$922,917$812,756$1,299,865
81$1,477,597$917,965$789,808$1,358,333
82$1,576,556$911,190$764,512$1,421,525
83$1,683,980$902,453$736,737$1,489,922
84$1,800,678$891,606$706,351$1,564,057
85$1,927,546$878,493$673,211$1,644,516
86$2,065,564$862,948$637,173$1,731,950
87$2,215,815$844,795$598,081$1,827,076
88$2,379,488$823,850$555,777$1,930,685
89$2,557,891$799,914$510,091$2,043,652
90$2,752,466$772,780$460,849$2,166,945
91$2,964,799$742,227$407,868$2,301,629
92$3,196,634$708,022$350,958$2,448,882
93$3,449,893$669,917$289,917$2,610,005
94$3,726,691$627,653$224,539$2,786,435
95$4,029,358$580,952$154,605$2,979,755
96$4,360,456$529,523$79,888$3,191,716
97$4,722,810$473,057$152$3,424,249
98$5,119,528$411,228$0$3,679,485
99$5,554,034$343,692$0$3,985,154
100$6,030,097$270,084$0$4,320,172