Can I retire at age 74 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$74,321$73,659$73,013$72,383$71,767$69,750
2 years$36,793$36,107$35,443$34,799$34,175$32,157
3 years$24,285$23,597$22,934$22,296$21,682$19,728
4 years$18,032$17,346$16,690$16,063$15,464$13,588
5 years$14,281$13,599$12,952$12,338$11,755$9,963
6 years$11,782$11,105$10,467$9,867$9,302$7,595
7 years$9,997$9,326$8,698$8,112$7,565$5,943
8 years$8,659$7,994$7,377$6,805$6,276$4,739
9 years$7,619$6,960$6,354$5,796$5,285$3,831
10 years$6,787$6,135$5,539$4,997$4,503$3,130
11 years$6,108$5,462$4,877$4,348$3,873$2,579
12 years$5,541$4,902$4,328$3,814$3,356$2,138
13 years$5,063$4,430$3,867$3,367$2,927$1,782
14 years$4,653$4,027$3,474$2,989$2,565$1,492
15 years$4,298$3,679$3,137$2,666$2,259$1,253
16 years$3,987$3,375$2,844$2,387$1,996$1,056
17 years$3,714$3,108$2,588$2,145$1,770$892
18 years$3,471$2,872$2,362$1,933$1,574$755
19 years$3,254$2,662$2,163$1,746$1,403$640
20 years$3,059$2,474$1,985$1,582$1,253$543
21 years$2,883$2,304$1,826$1,436$1,121$461
22 years$2,722$2,151$1,683$1,305$1,005$392
23 years$2,577$2,012$1,554$1,189$902$334
24 years$2,443$1,885$1,437$1,084$811$285
25 years$2,320$1,769$1,331$990$730$243
26 years$2,207$1,662$1,234$905$657$207
27 years$2,103$1,564$1,146$829$593$177
28 years$2,006$1,474$1,065$759$535$151
29 years$1,916$1,391$991$696$483$129
30 years$1,832$1,313$924$639$436$110
31 years$1,754$1,242$861$587$394$94
32 years$1,680$1,175$803$539$357$80
33 years$1,612$1,113$750$496$323$69
34 years$1,547$1,054$701$456$292$59
35 years$1,487$1,000$655$420$265$50
36 years$1,429$949$613$387$240$43
37 years$1,375$902$574$356$217$37
38 years$1,324$857$537$329$197$31
39 years$1,276$815$503$303$179$27
40 years$1,230$775$472$279$162$23
41 years$1,187$738$442$258$147$20
42 years$1,146$703$415$238$133$17
43 years$1,107$670$389$220$121$14
44 years$1,069$638$366$203$110$12
45 years$1,034$609$343$187$100$10
46 years$1,000$581$322$173$91$9
47 years$968$554$303$160$82$8
48 years$937$529$285$148$75$7
49 years$907$505$267$136$68$6
50 years$879$482$251$126$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $900,000, adding $5,081 every year, while hoping to spend $21,881 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: 64/19/17 Blend
73$900,000$900,000$900,000$900,000
74$997,041$949,341$935,391$1,056,329
75$1,075,458$972,578$943,445$1,119,971
76$1,161,140$996,219$951,036$1,186,506
77$1,254,805$1,020,263$958,125$1,258,664
78$1,357,244$1,044,705$964,671$1,336,997
79$1,469,327$1,069,539$970,631$1,422,108
80$1,592,012$1,094,760$975,961$1,514,665
81$1,726,354$1,120,360$980,613$1,615,402
82$1,873,516$1,146,332$984,537$1,725,130
83$2,034,778$1,172,665$987,682$1,844,738
84$2,211,548$1,199,348$989,992$1,975,210
85$2,405,379$1,226,370$991,410$2,117,628
86$2,617,981$1,253,715$991,876$2,273,184
87$2,851,237$1,281,369$991,325$2,443,193
88$3,107,221$1,309,314$989,693$2,629,102
89$3,388,218$1,337,530$986,907$2,832,506
90$3,696,744$1,365,998$982,897$3,055,163
91$4,035,573$1,394,692$977,585$3,299,011
92$4,407,757$1,423,588$970,889$3,566,185
93$4,816,661$1,452,657$962,728$3,859,037
94$5,265,993$1,481,869$953,011$4,180,159
95$5,759,834$1,511,190$941,646$4,532,409
96$6,302,683$1,540,584$928,538$4,918,934
97$6,899,496$1,570,013$913,583$5,343,206
98$7,555,733$1,599,432$896,677$5,809,046
99$8,277,410$1,628,796$877,707$6,320,670
100$9,071,154$1,658,055$856,559$6,882,722