Can I retire at age 74 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$73,165$72,513$71,877$71,257$70,651$70,324
2 years$36,220$35,546$34,892$34,258$33,643$33,313
3 years$23,907$23,230$22,577$21,950$21,345$21,021
4 years$17,752$17,076$16,431$15,813$15,223$14,910
5 years$14,059$13,388$12,751$12,146$11,572$11,269
6 years$11,599$10,932$10,305$9,713$9,157$8,865
7 years$9,842$9,181$8,563$7,986$7,447$7,166
8 years$8,524$7,870$7,262$6,699$6,178$5,908
9 years$7,501$6,852$6,255$5,706$5,203$4,944
10 years$6,682$6,040$5,453$4,919$4,433$4,185
11 years$6,013$5,377$4,801$4,281$3,813$3,576
12 years$5,455$4,826$4,261$3,755$3,304$3,077
13 years$4,984$4,361$3,807$3,315$2,881$2,665
14 years$4,580$3,964$3,420$2,943$2,526$2,320
15 years$4,231$3,621$3,088$2,624$2,224$2,028
16 years$3,925$3,323$2,800$2,350$1,965$1,779
17 years$3,656$3,060$2,548$2,111$1,743$1,566
18 years$3,417$2,828$2,326$1,903$1,549$1,381
19 years$3,203$2,621$2,129$1,719$1,381$1,222
20 years$3,011$2,435$1,954$1,557$1,234$1,083
21 years$2,838$2,268$1,797$1,413$1,104$961
22 years$2,680$2,117$1,656$1,285$989$855
23 years$2,536$1,980$1,529$1,170$888$761
24 years$2,405$1,855$1,414$1,067$798$678
25 years$2,284$1,741$1,310$975$718$605
26 years$2,173$1,636$1,215$891$647$541
27 years$2,070$1,540$1,128$816$583$483
28 years$1,975$1,451$1,049$747$526$432
29 years$1,886$1,369$976$685$475$387
30 years$1,804$1,293$909$629$430$347
31 years$1,726$1,222$848$578$388$311
32 years$1,654$1,156$791$531$351$278
33 years$1,587$1,095$738$488$318$250
34 years$1,523$1,038$690$449$288$224
35 years$1,463$985$645$414$261$201
36 years$1,407$934$603$381$236$181
37 years$1,354$888$565$351$214$162
38 years$1,304$843$529$323$194$146
39 years$1,256$802$496$298$176$131
40 years$1,211$763$464$275$160$118
41 years$1,169$726$435$254$145$106
42 years$1,128$692$409$234$131$95
43 years$1,089$659$383$216$119$85
44 years$1,053$628$360$200$108$77
45 years$1,018$599$338$184$98$69
46 years$984$572$317$170$89$62
47 years$952$545$298$157$81$56
48 years$922$521$280$145$74$50
49 years$893$497$263$134$67$45
50 years$865$475$248$124$61$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $886,000, adding $2,809 every year, while hoping to spend $33,644 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: 63/19/18 Blend
73$886,000$886,000$886,000$886,000
74$979,269$932,311$918,578$1,036,339
75$1,043,358$942,198$913,554$1,084,949
76$1,112,856$951,441$907,233$1,133,955
77$1,188,280$959,974$899,538$1,186,680
78$1,270,197$967,725$890,385$1,243,490
79$1,359,232$974,619$879,688$1,304,786
80$1,456,072$980,573$867,356$1,371,012
81$1,561,473$985,503$853,294$1,442,659
82$1,676,267$989,316$837,403$1,520,268
83$1,801,368$991,915$819,578$1,604,435
84$1,937,785$993,197$799,712$1,695,818
85$2,086,626$993,050$777,689$1,795,145
86$2,249,111$991,358$753,390$1,903,216
87$2,426,583$987,998$726,692$2,020,918
88$2,620,522$982,837$697,463$2,149,226
89$2,832,554$975,735$665,568$2,289,217
90$3,064,473$966,545$630,863$2,442,080
91$3,318,253$955,109$593,200$2,609,126
92$3,596,066$941,260$552,423$2,791,802
93$3,900,305$924,823$508,370$2,991,704
94$4,233,606$905,609$460,870$3,210,593
95$4,598,872$883,421$409,747$3,450,411
96$4,999,297$858,049$354,814$3,713,301
97$5,438,403$829,272$295,878$4,001,628
98$5,920,067$796,853$232,737$4,317,998
99$6,448,560$760,545$165,179$4,665,288
100$7,028,585$720,083$92,985$5,046,670