Can I retire at age 74 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$74,073$73,414$72,770$72,142$71,528$70,459
2 years$36,670$35,987$35,325$34,683$34,061$32,986
3 years$24,204$23,518$22,858$22,222$21,610$20,563
4 years$17,972$17,288$16,635$16,010$15,412$14,401
5 years$14,234$13,554$12,909$12,297$11,716$10,744
6 years$11,743$11,068$10,432$9,834$9,271$8,339
7 years$9,964$9,295$8,669$8,085$7,539$6,648
8 years$8,630$7,967$7,352$6,782$6,255$5,403
9 years$7,594$6,937$6,333$5,777$5,267$4,456
10 years$6,765$6,115$5,521$4,980$4,488$3,715
11 years$6,087$5,444$4,861$4,334$3,860$3,125
12 years$5,523$4,886$4,314$3,802$3,345$2,648
13 years$5,046$4,415$3,854$3,356$2,917$2,256
14 years$4,637$4,013$3,463$2,979$2,557$1,932
15 years$4,283$3,666$3,126$2,657$2,251$1,660
16 years$3,974$3,364$2,835$2,379$1,990$1,432
17 years$3,701$3,098$2,579$2,138$1,764$1,238
18 years$3,459$2,863$2,355$1,926$1,569$1,073
19 years$3,243$2,653$2,156$1,741$1,398$932
20 years$3,049$2,465$1,978$1,576$1,249$811
21 years$2,873$2,296$1,820$1,431$1,118$707
22 years$2,713$2,144$1,677$1,301$1,002$617
23 years$2,568$2,005$1,548$1,185$899$539
24 years$2,435$1,878$1,432$1,081$808$471
25 years$2,313$1,763$1,326$987$727$412
26 years$2,200$1,657$1,230$902$655$361
27 years$2,096$1,559$1,142$826$591$317
28 years$1,999$1,469$1,062$757$533$278
29 years$1,909$1,386$988$694$481$243
30 years$1,826$1,309$920$637$435$214
31 years$1,748$1,237$858$585$393$188
32 years$1,675$1,171$801$538$356$165
33 years$1,606$1,109$748$494$322$145
34 years$1,542$1,051$698$455$291$127
35 years$1,482$997$653$419$264$112
36 years$1,425$946$611$386$239$98
37 years$1,371$899$572$355$217$86
38 years$1,320$854$535$327$196$76
39 years$1,272$812$502$302$178$67
40 years$1,226$773$470$278$162$59
41 years$1,183$735$441$257$147$52
42 years$1,142$700$414$237$133$45
43 years$1,103$667$388$219$121$40
44 years$1,066$636$364$202$110$35
45 years$1,030$607$342$187$99$31
46 years$997$579$321$172$90$27
47 years$964$552$302$159$82$24
48 years$933$527$284$147$74$21
49 years$904$503$267$136$68$19
50 years$876$481$251$126$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $897,000, adding $4,638 every year, while hoping to spend $38,600 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: 37/46/17 Blend
73$897,000$897,000$897,000$897,000
74$993,278$945,737$931,834$1,024,758
75$1,053,522$951,008$921,980$1,053,160
76$1,118,618$955,244$910,502$1,079,814
77$1,189,019$958,352$897,306$1,107,789
78$1,265,224$960,237$882,291$1,137,223
79$1,347,782$960,794$865,353$1,168,272
80$1,437,296$959,914$846,383$1,201,109
81$1,534,431$957,479$825,267$1,235,930
82$1,639,915$953,368$801,885$1,272,951
83$1,754,550$947,447$776,113$1,312,413
84$1,879,221$939,578$747,819$1,354,588
85$2,014,897$929,614$716,867$1,399,775
86$2,162,649$917,397$683,114$1,448,310
87$2,323,651$902,762$646,411$1,500,567
88$2,499,199$885,532$606,601$1,556,960
89$2,690,717$865,523$563,521$1,617,953
90$2,899,772$842,535$517,001$1,684,059
91$3,128,090$816,361$466,863$1,755,851
92$3,377,573$786,780$412,920$1,833,963
93$3,650,310$753,558$354,978$1,919,102
94$3,948,606$716,446$292,834$2,012,053
95$4,274,996$675,184$226,276$2,113,684
96$4,632,272$629,495$155,083$2,224,964
97$5,023,509$579,085$79,023$2,346,962
98$5,452,093$523,646$0$2,480,870
99$5,921,752$462,850$0$2,628,393
100$6,436,593$396,352$0$2,805,928