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%12.2%
1 years$72,752$72,104$71,472$70,855$70,252$69,605
2 years$36,016$35,345$34,695$34,065$33,453$32,802
3 years$23,772$23,098$22,450$21,826$21,224$20,588
4 years$17,651$16,980$16,338$15,724$15,137$14,521
5 years$13,980$13,312$12,679$12,078$11,507$10,913
6 years$11,533$10,871$10,246$9,659$9,105$8,534
7 years$9,786$9,129$8,515$7,941$7,405$6,857
8 years$8,476$7,825$7,221$6,661$6,143$5,618
9 years$7,458$6,813$6,220$5,674$5,173$4,671
10 years$6,644$6,006$5,422$4,891$4,408$3,928
11 years$5,979$5,346$4,774$4,257$3,791$3,333
12 years$5,424$4,799$4,237$3,734$3,285$2,849
13 years$4,956$4,337$3,785$3,296$2,865$2,450
14 years$4,554$3,942$3,401$2,926$2,511$2,117
15 years$4,207$3,601$3,071$2,610$2,211$1,837
16 years$3,903$3,304$2,784$2,337$1,954$1,600
17 years$3,635$3,043$2,533$2,099$1,733$1,397
18 years$3,398$2,812$2,313$1,892$1,541$1,223
19 years$3,185$2,606$2,117$1,710$1,373$1,074
20 years$2,994$2,421$1,943$1,548$1,227$944
21 years$2,822$2,255$1,787$1,405$1,098$831
22 years$2,665$2,105$1,647$1,278$984$733
23 years$2,522$1,969$1,521$1,164$883$647
24 years$2,391$1,845$1,406$1,061$794$572
25 years$2,271$1,731$1,303$969$714$506
26 years$2,161$1,627$1,208$886$643$448
27 years$2,058$1,531$1,122$811$580$397
28 years$1,964$1,443$1,043$743$523$352
29 years$1,875$1,361$971$682$473$313
30 years$1,793$1,286$904$625$427$277
31 years$1,717$1,215$843$574$386$246
32 years$1,645$1,150$786$528$349$219
33 years$1,578$1,089$734$485$316$195
34 years$1,515$1,032$686$447$286$173
35 years$1,455$979$641$411$259$154
36 years$1,399$929$600$379$235$137
37 years$1,346$883$562$349$213$122
38 years$1,296$839$526$322$193$108
39 years$1,249$798$493$297$175$96
40 years$1,204$759$462$274$159$86
41 years$1,162$722$433$252$144$76
42 years$1,122$688$406$233$131$68
43 years$1,083$655$381$215$119$61
44 years$1,047$625$358$199$108$54
45 years$1,012$596$336$183$98$48
46 years$979$568$316$169$89$43
47 years$947$542$296$156$81$38
48 years$917$518$279$145$73$34
49 years$888$494$262$134$66$30
50 years$860$472$246$123$60$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $881,000, adding $4,434 every year, while hoping to spend $52,349 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: 85/6/9 Blend
73$881,000$881,000$881,000$881,000
74$975,436$928,743$915,087$1,056,839
75$1,019,231$918,552$890,044$1,100,476
76$1,065,739$906,108$862,407$1,140,849
77$1,115,181$891,244$832,034$1,183,568
78$1,167,800$873,785$798,777$1,228,837
79$1,223,860$853,545$762,481$1,276,876
80$1,283,652$830,326$722,982$1,327,932
81$1,347,494$803,922$680,111$1,382,273
82$1,415,734$774,110$633,691$1,440,195
83$1,488,755$740,657$583,535$1,502,025
84$1,566,975$703,317$529,451$1,568,122
85$1,650,855$661,827$471,236$1,638,880
86$1,740,897$615,912$408,678$1,714,736
87$1,837,657$565,280$341,556$1,796,169
88$1,941,740$509,621$269,640$1,883,707
89$2,053,813$448,608$192,690$1,977,932
90$2,174,610$381,898$110,453$2,079,486
91$2,304,934$309,125$22,667$2,189,073
92$2,445,670$229,904$0$2,307,474
93$2,597,788$143,829$0$2,442,365
94$2,762,356$50,470$0$2,590,639
95$2,940,547$0$0$2,751,186
96$3,133,650$0$0$2,928,528
97$3,343,086$0$0$3,124,493
98$3,570,412$0$0$3,337,210
99$3,817,345$0$0$3,568,286
100$4,085,773$0$0$3,819,488