Can I retire at age 74 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$74,899$74,232$73,581$72,946$72,325$71,422
2 years$37,079$36,388$35,719$35,070$34,441$33,531
3 years$24,474$23,780$23,113$22,470$21,851$20,964
4 years$18,172$17,481$16,820$16,188$15,584$14,727
5 years$14,393$13,705$13,053$12,434$11,847$11,021
6 years$11,873$11,191$10,549$9,944$9,374$8,582
7 years$10,075$9,398$8,766$8,175$7,624$6,864
8 years$8,726$8,056$7,434$6,858$6,324$5,599
9 years$7,678$7,014$6,403$5,841$5,326$4,633
10 years$6,840$6,183$5,582$5,035$4,538$3,877
11 years$6,155$5,504$4,915$4,382$3,903$3,274
12 years$5,584$4,940$4,362$3,844$3,382$2,784
13 years$5,102$4,465$3,897$3,394$2,949$2,382
14 years$4,689$4,058$3,501$3,012$2,585$2,047
15 years$4,331$3,707$3,161$2,687$2,276$1,767
16 years$4,018$3,401$2,866$2,406$2,012$1,530
17 years$3,743$3,132$2,608$2,161$1,784$1,329
18 years$3,498$2,895$2,381$1,948$1,586$1,157
19 years$3,279$2,683$2,180$1,760$1,414$1,010
20 years$3,083$2,493$2,000$1,594$1,263$882
21 years$2,905$2,322$1,840$1,447$1,130$772
22 years$2,744$2,167$1,696$1,315$1,013$677
23 years$2,597$2,027$1,566$1,198$909$594
24 years$2,462$1,899$1,448$1,093$817$522
25 years$2,338$1,782$1,341$998$735$459
26 years$2,224$1,675$1,244$912$662$404
27 years$2,119$1,577$1,155$835$597$356
28 years$2,022$1,486$1,074$765$539$313
29 years$1,931$1,401$999$702$487$276
30 years$1,846$1,324$931$644$440$244
31 years$1,767$1,251$868$591$398$215
32 years$1,694$1,184$810$544$360$190
33 years$1,624$1,121$756$500$325$167
34 years$1,559$1,063$706$460$295$148
35 years$1,498$1,008$660$423$267$131
36 years$1,441$957$618$390$242$115
37 years$1,386$909$578$359$219$102
38 years$1,335$863$541$331$199$90
39 years$1,286$821$507$305$180$80
40 years$1,240$781$475$282$163$70
41 years$1,196$744$446$260$148$62
42 years$1,155$708$418$240$135$55
43 years$1,115$675$392$221$122$49
44 years$1,078$643$368$204$111$43
45 years$1,042$613$346$189$101$38
46 years$1,008$585$325$174$91$34
47 years$975$558$305$161$83$30
48 years$944$533$287$149$75$26
49 years$914$509$270$138$68$23
50 years$886$486$253$127$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $907,000, adding $5,985 every year, while hoping to spend $25,204 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: 47/35/18 Blend
73$907,000$907,000$907,000$907,000
74$1,005,688$957,617$943,558$1,047,566
75$1,081,451$977,723$948,350$1,097,426
76$1,164,097$997,970$952,459$1,148,490
77$1,254,302$1,018,337$955,833$1,203,379
78$1,352,809$1,038,804$958,422$1,262,459
79$1,460,437$1,059,347$960,170$1,326,137
80$1,578,086$1,079,940$961,020$1,394,860
81$1,706,750$1,100,555$960,913$1,469,119
82$1,847,519$1,121,163$959,785$1,549,458
83$2,001,597$1,141,732$957,569$1,636,475
84$2,170,309$1,162,225$954,196$1,730,831
85$2,355,113$1,182,606$949,594$1,833,255
86$2,557,615$1,202,834$943,685$1,944,548
87$2,779,583$1,222,865$936,391$2,065,596
88$3,022,967$1,242,652$927,626$2,197,376
89$3,289,912$1,262,144$917,304$2,340,964
90$3,582,781$1,281,287$905,332$2,497,546
91$3,904,178$1,300,023$891,614$2,668,433
92$4,256,970$1,318,290$876,048$2,855,068
93$4,644,315$1,336,021$858,530$3,059,042
94$5,069,693$1,353,144$838,949$3,282,112
95$5,536,937$1,369,583$817,189$3,526,212
96$6,050,270$1,385,258$793,130$3,793,478
97$6,614,342$1,400,080$766,644$4,086,263
98$7,234,278$1,413,957$737,600$4,407,164
99$7,915,723$1,426,790$705,859$4,759,041
100$8,664,898$1,438,474$671,276$5,145,052