Can I retire at age 74 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$73,248$72,595$71,959$71,337$70,731$69,702
2 years$36,261$35,586$34,931$34,297$33,681$32,648
3 years$23,934$23,256$22,603$21,974$21,369$20,362
4 years$17,772$17,095$16,449$15,831$15,240$14,268
5 years$14,075$13,403$12,765$12,160$11,585$10,650
6 years$11,612$10,945$10,316$9,724$9,167$8,270
7 years$9,853$9,191$8,573$7,995$7,455$6,597
8 years$8,534$7,879$7,270$6,707$6,185$5,365
9 years$7,509$6,860$6,262$5,713$5,209$4,426
10 years$6,689$6,047$5,459$4,924$4,438$3,693
11 years$6,019$5,383$4,806$4,286$3,817$3,109
12 years$5,461$4,831$4,265$3,759$3,308$2,636
13 years$4,990$4,366$3,811$3,319$2,884$2,247
14 years$4,585$3,969$3,424$2,946$2,528$1,925
15 years$4,236$3,625$3,092$2,627$2,226$1,656
16 years$3,930$3,326$2,803$2,352$1,967$1,429
17 years$3,660$3,063$2,551$2,114$1,745$1,237
18 years$3,421$2,831$2,328$1,905$1,551$1,073
19 years$3,207$2,623$2,131$1,721$1,383$933
20 years$3,015$2,438$1,956$1,559$1,235$812
21 years$2,841$2,271$1,799$1,415$1,105$708
22 years$2,683$2,120$1,658$1,286$991$618
23 years$2,539$1,983$1,531$1,172$889$541
24 years$2,408$1,857$1,416$1,068$799$473
25 years$2,287$1,743$1,312$976$719$414
26 years$2,175$1,638$1,216$892$648$363
27 years$2,072$1,542$1,130$817$584$319
28 years$1,977$1,453$1,050$748$527$280
29 years$1,888$1,371$977$686$476$245
30 years$1,806$1,294$910$630$430$216
31 years$1,728$1,224$849$578$389$189
32 years$1,656$1,158$792$532$352$166
33 years$1,588$1,096$739$489$318$146
34 years$1,525$1,039$691$450$288$129
35 years$1,465$986$646$414$261$113
36 years$1,409$936$604$381$236$100
37 years$1,356$889$565$351$214$88
38 years$1,305$844$529$324$194$77
39 years$1,258$803$496$299$176$68
40 years$1,213$764$465$275$160$60
41 years$1,170$727$436$254$145$53
42 years$1,129$693$409$234$132$46
43 years$1,091$660$384$216$119$41
44 years$1,054$629$360$200$108$36
45 years$1,019$600$338$185$98$32
46 years$985$572$318$170$89$28
47 years$954$546$298$158$81$25
48 years$923$521$280$146$74$22
49 years$894$498$264$135$67$19
50 years$866$476$248$124$61$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $887,000, adding $6,007 every year, while hoping to spend $33,290 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: 51/24/25 Blend
73$887,000$887,000$887,000$887,000
74$983,670$936,659$922,911$1,026,666
75$1,048,584$947,135$918,408$1,067,626
76$1,119,004$957,009$912,639$1,108,278
77$1,195,455$966,215$905,525$1,151,808
78$1,278,518$974,686$896,986$1,198,503
79$1,368,828$982,347$886,936$1,248,680
80$1,467,087$989,120$875,287$1,302,690
81$1,574,065$994,922$861,945$1,360,921
82$1,690,611$999,665$846,811$1,423,803
83$1,817,658$1,003,254$829,785$1,491,811
84$1,956,235$1,005,589$810,758$1,565,468
85$2,107,471$1,006,563$789,618$1,645,356
86$2,272,612$1,006,063$766,249$1,732,114
87$2,453,028$1,003,970$740,528$1,826,452
88$2,650,227$1,000,155$712,327$1,929,152
89$2,865,872$994,483$681,510$2,041,079
90$3,101,789$986,811$647,940$2,163,188
91$3,359,993$976,987$611,467$2,296,535
92$3,642,702$964,849$571,941$2,442,287
93$3,952,356$950,225$529,200$2,601,730
94$4,291,646$932,935$483,077$2,776,289
95$4,663,531$912,787$433,398$2,967,532
96$5,071,274$889,576$379,979$3,177,196
97$5,518,467$863,089$322,632$3,407,197
98$6,009,067$833,095$261,156$3,659,647
99$6,547,430$799,356$195,343$3,936,884
100$7,138,358$761,614$124,977$4,241,484