Can I retire at age 74 with 876,000?

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 $876,000?

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$72,339$71,695$71,066$70,453$69,853$69,384
2 years$35,812$35,145$34,498$33,871$33,264$32,790
3 years$23,637$22,967$22,323$21,702$21,104$20,641
4 years$17,551$16,883$16,245$15,635$15,051$14,603
5 years$13,901$13,237$12,607$12,009$11,442$11,009
6 years$11,468$10,809$10,188$9,604$9,054$8,637
7 years$9,730$9,077$8,466$7,896$7,363$6,962
8 years$8,428$7,781$7,180$6,624$6,108$5,724
9 years$7,416$6,775$6,184$5,642$5,144$4,776
10 years$6,606$5,972$5,392$4,863$4,383$4,031
11 years$5,945$5,316$4,747$4,233$3,770$3,433
12 years$5,394$4,771$4,213$3,713$3,267$2,946
13 years$4,928$4,312$3,764$3,278$2,849$2,543
14 years$4,529$3,919$3,382$2,909$2,497$2,206
15 years$4,183$3,581$3,053$2,595$2,199$1,922
16 years$3,881$3,285$2,768$2,323$1,943$1,681
17 years$3,615$3,025$2,519$2,087$1,723$1,474
18 years$3,378$2,796$2,299$1,881$1,532$1,296
19 years$3,167$2,591$2,105$1,700$1,365$1,142
20 years$2,977$2,408$1,932$1,540$1,220$1,009
21 years$2,806$2,243$1,777$1,397$1,091$892
22 years$2,650$2,093$1,638$1,270$978$790
23 years$2,508$1,958$1,512$1,157$878$701
24 years$2,378$1,834$1,399$1,055$789$622
25 years$2,258$1,722$1,295$964$710$553
26 years$2,148$1,618$1,201$881$640$492
27 years$2,047$1,523$1,116$807$577$438
28 years$1,952$1,435$1,037$739$520$391
29 years$1,865$1,354$965$678$470$348
30 years$1,783$1,278$899$622$425$311
31 years$1,707$1,208$838$571$384$277
32 years$1,636$1,143$782$525$347$248
33 years$1,569$1,083$730$483$314$221
34 years$1,506$1,026$682$444$285$198
35 years$1,447$973$638$409$258$177
36 years$1,391$924$597$377$234$158
37 years$1,339$878$558$347$212$141
38 years$1,289$834$523$320$192$126
39 years$1,242$793$490$295$174$113
40 years$1,198$754$459$272$158$101
41 years$1,155$718$431$251$143$90
42 years$1,115$684$404$232$130$81
43 years$1,077$652$379$214$118$72
44 years$1,041$621$356$197$107$65
45 years$1,006$592$334$182$97$58
46 years$973$565$314$168$88$52
47 years$942$539$295$156$80$47
48 years$912$515$277$144$73$42
49 years$883$492$260$133$66$37
50 years$855$470$245$123$60$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $876,000, adding $4,671 every year, while hoping to spend $36,745 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: 66/6/28 Blend
73$876,000$876,000$876,000$876,000
74$970,170$923,742$910,164$1,026,764
75$1,030,031$929,909$901,558$1,071,697
76$1,094,766$935,147$891,433$1,116,278
77$1,164,834$939,371$879,697$1,164,211
78$1,240,739$942,491$866,258$1,215,830
79$1,323,034$944,413$851,018$1,271,503
80$1,412,329$945,035$833,873$1,331,638
81$1,509,294$944,249$814,715$1,396,683
82$1,614,666$941,941$793,432$1,467,136
83$1,729,256$937,990$769,906$1,543,545
84$1,853,955$932,267$744,013$1,626,514
85$1,989,746$924,636$715,625$1,716,712
86$2,137,709$914,951$684,607$1,814,876
87$2,299,031$903,060$650,817$1,921,821
88$2,475,021$888,799$614,108$2,038,444
89$2,667,119$871,996$574,327$2,165,738
90$2,876,910$852,469$531,312$2,304,798
91$3,106,139$830,023$484,895$2,456,832
92$3,356,726$804,456$434,899$2,623,173
93$3,630,787$775,548$381,143$2,805,293
94$3,930,649$743,073$323,434$3,004,817
95$4,258,877$706,785$261,571$3,223,535
96$4,618,295$666,430$195,346$3,463,425
97$5,012,011$621,735$124,540$3,726,668
98$5,443,450$572,414$48,925$4,015,670
99$5,916,382$518,162$0$4,333,087
100$6,434,961$458,660$0$4,691,339