Can I retire at age 74 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$72,752$72,104$71,472$70,855$70,252$69,519
2 years$36,016$35,345$34,695$34,065$33,453$32,715
3 years$23,772$23,098$22,450$21,826$21,224$20,503
4 years$17,651$16,980$16,338$15,724$15,137$14,440
5 years$13,980$13,312$12,679$12,078$11,507$10,835
6 years$11,533$10,871$10,246$9,659$9,105$8,459
7 years$9,786$9,129$8,515$7,941$7,405$6,785
8 years$8,476$7,825$7,221$6,661$6,143$5,550
9 years$7,458$6,813$6,220$5,674$5,173$4,606
10 years$6,644$6,006$5,422$4,891$4,408$3,867
11 years$5,979$5,346$4,774$4,257$3,791$3,275
12 years$5,424$4,799$4,237$3,734$3,285$2,794
13 years$4,956$4,337$3,785$3,296$2,865$2,398
14 years$4,554$3,942$3,401$2,926$2,511$2,068
15 years$4,207$3,601$3,071$2,610$2,211$1,791
16 years$3,903$3,304$2,784$2,337$1,954$1,556
17 years$3,635$3,043$2,533$2,099$1,733$1,356
18 years$3,398$2,812$2,313$1,892$1,541$1,185
19 years$3,185$2,606$2,117$1,710$1,373$1,038
20 years$2,994$2,421$1,943$1,548$1,227$910
21 years$2,822$2,255$1,787$1,405$1,098$800
22 years$2,665$2,105$1,647$1,278$984$704
23 years$2,522$1,969$1,521$1,164$883$620
24 years$2,391$1,845$1,406$1,061$794$547
25 years$2,271$1,731$1,303$969$714$483
26 years$2,161$1,627$1,208$886$643$426
27 years$2,058$1,531$1,122$811$580$377
28 years$1,964$1,443$1,043$743$523$333
29 years$1,875$1,361$971$682$473$295
30 years$1,793$1,286$904$625$427$261
31 years$1,717$1,215$843$574$386$232
32 years$1,645$1,150$786$528$349$205
33 years$1,578$1,089$734$485$316$182
34 years$1,515$1,032$686$447$286$161
35 years$1,455$979$641$411$259$143
36 years$1,399$929$600$379$235$127
37 years$1,346$883$562$349$213$113
38 years$1,296$839$526$322$193$100
39 years$1,249$798$493$297$175$89
40 years$1,204$759$462$274$159$79
41 years$1,162$722$433$252$144$70
42 years$1,122$688$406$233$131$62
43 years$1,083$655$381$215$119$55
44 years$1,047$625$358$199$108$49
45 years$1,012$596$336$183$98$44
46 years$979$568$316$169$89$39
47 years$947$542$296$156$81$34
48 years$917$518$279$145$73$31
49 years$888$494$262$134$66$27
50 years$860$472$246$123$60$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $881,000, adding $4,188 every year, while hoping to spend $22,235 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: 61/12/27 Blend
73$881,000$881,000$881,000$881,000
74$975,182$928,489$914,833$1,027,361
75$1,050,993$950,327$921,822$1,085,180
76$1,133,791$972,490$928,300$1,145,494
77$1,224,266$994,970$934,227$1,210,856
78$1,323,176$1,017,759$939,559$1,281,763
79$1,431,357$1,040,847$944,251$1,358,764
80$1,549,730$1,064,222$948,257$1,442,461
81$1,679,306$1,087,872$951,528$1,533,522
82$1,821,201$1,111,784$954,010$1,632,678
83$1,976,643$1,135,941$955,649$1,740,739
84$2,146,986$1,160,327$956,388$1,858,597
85$2,333,718$1,184,923$956,167$1,987,232
86$2,538,481$1,209,708$954,922$2,127,729
87$2,763,081$1,234,659$952,587$2,281,280
88$3,009,509$1,259,751$949,093$2,449,201
89$3,279,958$1,284,958$944,366$2,632,942
90$3,576,842$1,310,249$938,331$2,834,102
91$3,902,822$1,335,593$930,907$3,054,442
92$4,260,827$1,360,955$922,010$3,295,905
93$4,654,087$1,386,297$911,552$3,560,631
94$5,086,157$1,411,578$899,442$3,850,980
95$5,560,954$1,436,755$885,583$4,169,554
96$6,082,795$1,461,779$869,874$4,519,220
97$6,656,434$1,486,601$852,209$4,903,137
98$7,287,110$1,511,164$832,478$5,324,790
99$7,980,595$1,535,411$810,565$5,788,019
100$8,743,246$1,559,276$786,349$6,297,056