Can I retire at age 74 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$74,486$73,823$73,176$72,544$71,927$71,116
2 years$36,874$36,188$35,522$34,877$34,251$33,435
3 years$24,339$23,649$22,985$22,346$21,730$20,934
4 years$18,072$17,385$16,727$16,099$15,498$14,728
5 years$14,313$13,630$12,981$12,366$11,781$11,040
6 years$11,808$11,130$10,491$9,889$9,322$8,610
7 years$10,019$9,347$8,718$8,130$7,581$6,899
8 years$8,678$8,012$7,393$6,820$6,290$5,636
9 years$7,636$6,976$6,368$5,809$5,297$4,672
10 years$6,803$6,149$5,552$5,008$4,513$3,917
11 years$6,121$5,474$4,888$4,358$3,881$3,314
12 years$5,554$4,913$4,338$3,823$3,364$2,824
13 years$5,074$4,440$3,875$3,375$2,933$2,420
14 years$4,663$4,036$3,482$2,996$2,571$2,085
15 years$4,307$3,687$3,144$2,672$2,264$1,803
16 years$3,996$3,383$2,850$2,392$2,001$1,564
17 years$3,722$3,115$2,594$2,149$1,774$1,362
18 years$3,479$2,879$2,368$1,937$1,577$1,188
19 years$3,261$2,668$2,168$1,750$1,406$1,039
20 years$3,066$2,479$1,989$1,585$1,256$910
21 years$2,889$2,309$1,830$1,439$1,124$798
22 years$2,729$2,156$1,686$1,308$1,007$701
23 years$2,582$2,016$1,557$1,191$904$617
24 years$2,448$1,889$1,440$1,087$813$543
25 years$2,325$1,773$1,334$992$731$479
26 years$2,212$1,666$1,237$907$659$422
27 years$2,107$1,568$1,149$830$594$373
28 years$2,010$1,477$1,068$761$536$329
29 years$1,920$1,394$994$698$484$291
30 years$1,836$1,316$926$640$437$257
31 years$1,758$1,244$863$588$395$227
32 years$1,684$1,177$805$541$358$201
33 years$1,615$1,115$752$497$324$178
34 years$1,551$1,057$702$457$293$158
35 years$1,490$1,002$657$421$265$140
36 years$1,433$951$614$388$240$124
37 years$1,379$904$575$357$218$110
38 years$1,327$859$538$329$198$97
39 years$1,279$817$504$304$179$86
40 years$1,233$777$473$280$163$76
41 years$1,190$740$443$258$147$68
42 years$1,148$704$416$238$134$60
43 years$1,109$671$390$220$121$53
44 years$1,072$640$366$203$110$47
45 years$1,036$610$344$188$100$42
46 years$1,002$582$323$173$91$37
47 years$970$555$304$160$82$33
48 years$939$530$285$148$75$29
49 years$909$506$268$137$68$26
50 years$881$484$252$126$62$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $902,000, adding $4,672 every year, while hoping to spend $24,818 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: 55/21/24 Blend
73$902,000$902,000$902,000$902,000
74$998,823$951,017$937,036$1,046,950
75$1,074,297$971,211$942,021$1,100,704
76$1,156,637$991,562$946,340$1,156,227
77$1,246,518$1,012,053$949,947$1,216,176
78$1,344,682$1,032,662$952,789$1,280,984
79$1,451,946$1,053,369$954,814$1,351,128
80$1,569,209$1,074,149$955,964$1,427,134
81$1,697,461$1,094,975$956,182$1,509,582
82$1,837,794$1,115,820$955,406$1,599,112
83$1,991,406$1,136,653$953,570$1,696,427
84$2,159,622$1,157,441$950,606$1,802,306
85$2,343,895$1,178,147$946,443$1,917,605
86$2,545,830$1,198,735$941,007$2,043,269
87$2,767,193$1,219,160$934,219$2,180,340
88$3,009,928$1,239,380$925,996$2,329,966
89$3,276,176$1,259,346$916,253$2,493,413
90$3,568,299$1,279,006$904,900$2,672,079
91$3,888,893$1,298,305$891,842$2,867,502
92$4,240,821$1,317,184$876,980$3,081,380
93$4,627,237$1,335,578$860,211$3,315,584
94$5,051,614$1,353,420$841,426$3,572,178
95$5,517,777$1,370,636$820,513$3,853,437
96$6,029,943$1,387,150$797,353$4,161,869
97$6,592,754$1,402,877$771,821$4,500,239
98$7,211,327$1,417,729$743,788$4,871,597
99$7,891,296$1,431,612$713,119$5,279,303
100$8,638,871$1,444,424$679,671$5,727,065