Can I retire at age 74 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$74,239$73,577$72,932$72,302$71,688$70,011
2 years$36,752$36,067$35,404$34,761$34,137$32,458
3 years$24,258$23,570$22,909$22,272$21,658$20,028
4 years$18,012$17,327$16,672$16,045$15,447$13,879
5 years$14,266$13,584$12,938$12,324$11,742$10,241
6 years$11,769$11,093$10,456$9,856$9,291$7,858
7 years$9,986$9,316$8,689$8,103$7,556$6,191
8 years$8,650$7,985$7,369$6,797$6,269$4,971
9 years$7,611$6,953$6,347$5,790$5,279$4,048
10 years$6,780$6,128$5,533$4,991$4,498$3,332
11 years$6,101$5,456$4,871$4,344$3,868$2,766
12 years$5,535$4,897$4,323$3,810$3,352$2,312
13 years$5,057$4,425$3,862$3,364$2,923$1,943
14 years$4,647$4,022$3,470$2,986$2,563$1,640
15 years$4,293$3,675$3,133$2,663$2,256$1,389
16 years$3,983$3,371$2,841$2,384$1,994$1,180
17 years$3,710$3,105$2,585$2,142$1,768$1,006
18 years$3,467$2,869$2,360$1,931$1,572$858
19 years$3,250$2,659$2,160$1,744$1,401$734
20 years$3,055$2,471$1,983$1,580$1,252$629
21 years$2,879$2,302$1,824$1,434$1,120$539
22 years$2,719$2,148$1,681$1,304$1,004$463
23 years$2,574$2,009$1,552$1,187$901$398
24 years$2,440$1,883$1,435$1,083$810$342
25 years$2,318$1,767$1,329$989$729$295
26 years$2,205$1,660$1,233$904$657$254
27 years$2,100$1,563$1,145$828$592$219
28 years$2,004$1,473$1,064$758$534$188
29 years$1,914$1,389$990$695$482$162
30 years$1,830$1,312$923$638$436$140
31 years$1,752$1,240$860$586$394$121
32 years$1,679$1,173$802$539$356$104
33 years$1,610$1,111$749$495$323$90
34 years$1,546$1,053$700$456$292$78
35 years$1,485$999$654$420$265$67
36 years$1,428$948$612$386$240$58
37 years$1,374$901$573$356$217$50
38 years$1,323$856$537$328$197$43
39 years$1,275$814$503$303$179$37
40 years$1,229$774$471$279$162$32
41 years$1,186$737$442$258$147$28
42 years$1,145$702$415$238$133$24
43 years$1,105$669$389$219$121$21
44 years$1,068$638$365$203$110$18
45 years$1,033$608$343$187$100$16
46 years$999$580$322$173$91$13
47 years$966$553$302$160$82$12
48 years$936$528$284$148$75$10
49 years$906$505$267$136$68$9
50 years$878$482$251$126$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $899,000, adding $3,917 every year, while hoping to spend $21,377 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: 74/12/14 Blend
73$899,000$899,000$899,000$899,000
74$994,738$947,091$933,157$1,065,080
75$1,073,457$970,754$941,673$1,135,789
76$1,159,488$994,859$949,757$1,210,211
77$1,253,555$1,019,407$957,374$1,291,177
78$1,356,455$1,044,395$964,483$1,379,330
79$1,469,064$1,069,821$971,044$1,475,378
80$1,592,349$1,095,683$977,014$1,580,103
81$1,727,371$1,121,974$982,347$1,694,364
82$1,875,303$1,148,691$986,996$1,819,110
83$2,037,434$1,175,827$990,910$1,955,383
84$2,215,184$1,203,374$994,037$2,104,334
85$2,410,118$1,231,324$996,322$2,267,229
86$2,623,957$1,259,666$997,706$2,445,463
87$2,858,601$1,288,390$998,129$2,640,573
88$3,116,139$1,317,481$997,527$2,854,255
89$3,398,873$1,346,926$995,832$3,088,372
90$3,709,340$1,376,708$992,975$3,344,983
91$4,050,334$1,406,807$988,881$3,626,351
92$4,424,932$1,437,205$983,473$3,934,974
93$4,836,526$1,467,879$976,669$4,273,601
94$5,288,850$1,498,803$968,386$4,645,265
95$5,786,019$1,529,952$958,534$5,053,303
96$6,332,568$1,561,294$947,020$5,501,397
97$6,933,490$1,592,798$933,745$5,993,600
98$7,594,289$1,624,428$918,609$6,534,382
99$8,321,028$1,656,146$901,503$7,128,666
100$9,120,385$1,687,909$882,316$7,781,878