Can I retire at age 74 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$74,982$74,314$73,662$73,026$72,405$70,856
2 years$37,120$36,428$35,758$35,109$34,479$32,926
3 years$24,501$23,806$23,138$22,495$21,875$20,366
4 years$18,192$17,500$16,839$16,206$15,601$14,149
5 years$14,408$13,720$13,067$12,448$11,860$10,468
6 years$11,887$11,204$10,560$9,955$9,384$8,054
7 years$10,086$9,409$8,776$8,184$7,632$6,363
8 years$8,736$8,065$7,443$6,866$6,331$5,124
9 years$7,687$7,022$6,410$5,848$5,332$4,185
10 years$6,848$6,190$5,589$5,041$4,543$3,456
11 years$6,162$5,510$4,920$4,387$3,907$2,878
12 years$5,591$4,946$4,366$3,848$3,386$2,413
13 years$5,108$4,470$3,901$3,397$2,953$2,035
14 years$4,694$4,063$3,505$3,016$2,588$1,723
15 years$4,336$3,711$3,165$2,690$2,279$1,465
16 years$4,023$3,405$2,869$2,408$2,014$1,249
17 years$3,747$3,136$2,611$2,164$1,786$1,068
18 years$3,502$2,898$2,383$1,950$1,588$915
19 years$3,283$2,686$2,182$1,762$1,415$786
20 years$3,086$2,496$2,002$1,596$1,264$675
21 years$2,908$2,325$1,842$1,448$1,131$582
22 years$2,747$2,170$1,698$1,317$1,014$501
23 years$2,599$2,029$1,567$1,199$910$432
24 years$2,465$1,901$1,450$1,094$818$373
25 years$2,341$1,784$1,343$999$736$323
26 years$2,227$1,677$1,245$913$663$279
27 years$2,121$1,578$1,156$836$598$241
28 years$2,024$1,487$1,075$766$539$209
29 years$1,933$1,403$1,000$702$487$181
30 years$1,848$1,325$932$645$440$157
31 years$1,769$1,253$869$592$398$136
32 years$1,695$1,185$810$544$360$118
33 years$1,626$1,122$757$500$326$102
34 years$1,561$1,064$707$460$295$88
35 years$1,500$1,009$661$424$267$77
36 years$1,442$958$618$390$242$66
37 years$1,388$910$579$360$219$58
38 years$1,336$864$542$331$199$50
39 years$1,288$822$508$306$180$43
40 years$1,241$782$476$282$164$38
41 years$1,198$744$446$260$148$33
42 years$1,156$709$419$240$135$28
43 years$1,116$676$393$222$122$25
44 years$1,079$644$369$205$111$21
45 years$1,043$614$346$189$101$19
46 years$1,009$586$325$175$91$16
47 years$976$559$306$161$83$14
48 years$945$534$287$149$75$12
49 years$915$510$270$138$68$11
50 years$887$487$254$127$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $908,000, adding $3,192 every year, while hoping to spend $38,225 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: 66/27/7 Blend
73$908,000$908,000$908,000$908,000
74$1,003,909$955,785$941,711$1,068,725
75$1,065,636$961,947$932,587$1,118,350
76$1,132,379$967,130$921,876$1,167,693
77$1,204,608$971,246$909,485$1,220,605
78$1,282,841$974,200$895,316$1,277,430
79$1,367,648$975,893$879,266$1,338,547
80$1,459,654$976,218$861,228$1,404,373
81$1,559,550$975,064$841,090$1,475,369
82$1,668,091$972,309$818,734$1,552,044
83$1,786,112$967,828$794,038$1,634,959
84$1,914,530$961,486$766,872$1,724,734
85$2,054,352$953,139$737,102$1,822,052
86$2,206,689$942,636$704,588$1,927,667
87$2,372,763$929,816$669,183$2,042,413
88$2,553,917$914,509$630,733$2,167,207
89$2,751,632$896,535$589,078$2,303,064
90$2,967,535$875,703$544,050$2,451,101
91$3,203,421$851,810$495,473$2,612,553
92$3,461,263$824,641$443,164$2,788,782
93$3,743,235$793,971$386,932$2,981,291
94$4,051,728$759,560$326,578$3,191,737
95$4,389,379$721,152$261,893$3,421,950
96$4,759,087$678,480$192,658$3,673,949
97$5,164,049$631,261$118,647$3,949,961
98$5,607,781$579,192$39,621$4,252,443
99$6,094,161$521,958$0$4,584,105
100$6,627,454$459,223$0$4,951,277