Can I retire at age 74 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$72,835$72,186$71,553$70,935$70,332$67,918
2 years$36,057$35,385$34,734$34,103$33,491$31,084
3 years$23,799$23,125$22,475$21,850$21,248$18,923
4 years$17,671$16,999$16,356$15,742$15,154$12,929
5 years$13,996$13,327$12,693$12,091$11,520$9,400
6 years$11,546$10,883$10,258$9,670$9,116$7,103
7 years$9,797$9,139$8,524$7,950$7,413$5,508
8 years$8,486$7,834$7,229$6,669$6,150$4,350
9 years$7,467$6,821$6,227$5,680$5,179$3,483
10 years$6,652$6,012$5,429$4,897$4,413$2,817
11 years$5,985$5,353$4,779$4,262$3,795$2,297
12 years$5,431$4,804$4,241$3,738$3,289$1,885
13 years$4,961$4,342$3,789$3,300$2,868$1,554
14 years$4,560$3,946$3,405$2,929$2,514$1,287
15 years$4,212$3,605$3,074$2,613$2,214$1,069
16 years$3,908$3,308$2,787$2,339$1,956$890
17 years$3,640$3,046$2,536$2,102$1,735$743
18 years$3,402$2,815$2,315$1,894$1,542$621
19 years$3,189$2,609$2,119$1,711$1,375$520
20 years$2,998$2,424$1,945$1,550$1,228$436
21 years$2,825$2,258$1,789$1,407$1,099$366
22 years$2,668$2,108$1,649$1,279$985$308
23 years$2,525$1,971$1,523$1,165$884$259
24 years$2,394$1,847$1,408$1,062$795$217
25 years$2,274$1,733$1,304$970$715$183
26 years$2,163$1,629$1,210$887$644$154
27 years$2,061$1,533$1,123$812$581$130
28 years$1,966$1,445$1,044$744$524$109
29 years$1,878$1,363$972$682$473$92
30 years$1,795$1,287$905$626$428$78
31 years$1,719$1,217$844$575$387$65
32 years$1,647$1,151$787$529$350$55
33 years$1,580$1,090$735$486$316$47
34 years$1,516$1,033$687$447$287$39
35 years$1,457$980$642$412$260$33
36 years$1,401$930$601$379$235$28
37 years$1,348$884$562$349$213$24
38 years$1,298$840$526$322$193$20
39 years$1,251$798$493$297$175$17
40 years$1,206$760$462$274$159$14
41 years$1,163$723$434$253$144$12
42 years$1,123$689$407$233$131$10
43 years$1,085$656$382$215$119$9
44 years$1,048$625$358$199$108$7
45 years$1,013$596$336$184$98$6
46 years$980$569$316$170$89$5
47 years$948$543$297$157$81$4
48 years$918$518$279$145$73$4
49 years$889$495$262$134$67$3
50 years$861$473$246$124$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $882,000, adding $5,963 every year, while hoping to spend $47,181 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: 76/11/13 Blend
73$882,000$882,000$882,000$882,000
74$978,115$931,369$917,698$1,049,422
75$1,027,682$926,806$898,240$1,092,712
76$1,080,724$920,438$876,550$1,133,625
77$1,137,546$912,126$852,502$1,177,166
78$1,198,480$901,725$825,965$1,223,582
79$1,263,894$889,079$796,805$1,273,142
80$1,334,191$874,023$764,877$1,326,146
81$1,409,811$856,383$730,033$1,382,923
82$1,491,240$835,974$692,117$1,443,838
83$1,579,009$812,600$650,966$1,509,293
84$1,673,705$786,054$606,410$1,579,729
85$1,775,969$756,117$558,271$1,655,638
86$1,886,508$722,556$506,363$1,737,558
87$2,006,097$685,127$450,492$1,826,085
88$2,135,590$643,570$390,454$1,921,877
89$2,275,925$597,609$326,039$2,025,659
90$2,428,133$546,956$257,025$2,138,232
91$2,593,349$491,302$183,181$2,260,479
92$2,772,819$430,325$104,266$2,393,377
93$2,967,915$363,680$20,029$2,538,000
94$3,180,148$291,006$0$2,695,537
95$3,411,179$211,920$0$2,876,988
96$3,662,834$126,019$0$3,077,704
97$3,937,125$32,876$0$3,296,537
98$4,236,265$0$0$3,535,290
99$4,562,690$0$0$3,804,174
100$4,919,082$0$0$4,102,119