Can I retire at age 74 with 910,000?

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 $910,000?

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$75,147$74,478$73,825$73,187$72,565$71,658
2 years$37,201$36,509$35,837$35,186$34,555$33,642
3 years$24,555$23,859$23,189$22,544$21,923$21,033
4 years$18,232$17,539$16,876$16,242$15,636$14,775
5 years$14,440$13,751$13,096$12,475$11,886$11,058
6 years$11,913$11,228$10,584$9,977$9,405$8,610
7 years$10,108$9,430$8,795$8,202$7,649$6,887
8 years$8,755$8,083$7,459$6,881$6,345$5,617
9 years$7,704$7,038$6,424$5,861$5,344$4,648
10 years$6,863$6,203$5,601$5,052$4,553$3,890
11 years$6,175$5,522$4,931$4,397$3,916$3,285
12 years$5,603$4,957$4,376$3,857$3,393$2,794
13 years$5,119$4,479$3,910$3,405$2,959$2,390
14 years$4,704$4,072$3,513$3,022$2,594$2,054
15 years$4,345$3,719$3,172$2,695$2,284$1,773
16 years$4,032$3,413$2,876$2,413$2,019$1,535
17 years$3,755$3,143$2,617$2,168$1,790$1,333
18 years$3,510$2,904$2,389$1,954$1,591$1,161
19 years$3,290$2,692$2,187$1,766$1,418$1,013
20 years$3,093$2,501$2,007$1,599$1,267$885
21 years$2,915$2,330$1,846$1,451$1,134$775
22 years$2,753$2,175$1,701$1,320$1,016$679
23 years$2,605$2,034$1,571$1,202$912$596
24 years$2,470$1,906$1,453$1,096$820$524
25 years$2,346$1,788$1,346$1,001$738$460
26 years$2,232$1,681$1,248$915$665$405
27 years$2,126$1,582$1,159$838$599$357
28 years$2,028$1,491$1,077$768$541$314
29 years$1,937$1,406$1,003$704$488$277
30 years$1,852$1,328$934$646$441$244
31 years$1,773$1,255$871$593$399$216
32 years$1,699$1,188$812$545$361$190
33 years$1,630$1,125$758$501$326$168
34 years$1,564$1,066$709$461$296$148
35 years$1,503$1,011$662$425$268$131
36 years$1,445$960$620$391$243$116
37 years$1,391$912$580$360$220$102
38 years$1,339$866$543$332$199$90
39 years$1,290$824$509$306$181$80
40 years$1,244$784$477$283$164$71
41 years$1,200$746$447$261$149$63
42 years$1,159$711$420$241$135$55
43 years$1,119$677$394$222$122$49
44 years$1,081$645$370$205$111$43
45 years$1,045$615$347$189$101$38
46 years$1,011$587$326$175$92$34
47 years$978$560$306$162$83$30
48 years$947$535$288$149$76$26
49 years$917$511$270$138$69$23
50 years$888$488$254$128$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $910,000, adding $6,499 every year, while hoping to spend $56,007 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: 40/31/29 Blend
73$910,000$910,000$910,000$910,000
74$1,009,524$961,294$947,189$1,041,047
75$1,052,904$948,806$919,329$1,052,114
76$1,098,832$933,829$888,658$1,058,420
77$1,147,509$916,183$855,024$1,064,185
78$1,199,153$895,674$818,265$1,069,394
79$1,254,005$872,100$778,215$1,074,039
80$1,312,327$845,246$734,699$1,078,112
81$1,374,405$814,885$687,532$1,081,610
82$1,440,555$780,774$636,525$1,084,537
83$1,511,119$742,660$581,476$1,086,902
84$1,586,475$700,273$522,178$1,088,721
85$1,667,037$653,327$458,412$1,090,017
86$1,753,255$601,521$389,950$1,090,824
87$1,845,628$544,536$316,554$1,091,187
88$1,944,699$482,036$237,975$1,091,161
89$2,051,067$413,663$153,956$1,090,816
90$2,165,386$339,043$64,223$1,090,239
91$2,288,376$257,777$0$1,089,532
92$2,420,829$169,446$0$1,098,578
93$2,563,611$73,607$0$1,129,606
94$2,717,677$0$0$1,162,990
95$2,884,073$0$0$1,209,336
96$3,063,952$0$0$1,286,675
97$3,258,577$0$0$1,370,453
98$3,469,341$0$0$1,461,281
99$3,697,772$0$0$1,559,831
100$3,945,552$0$0$1,666,842