Can I retire at age 74 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$75,230$74,559$73,906$73,268$72,644$69,735
2 years$37,242$36,549$35,877$35,225$34,593$31,698
3 years$24,582$23,885$23,214$22,569$21,947$19,158
4 years$18,252$17,558$16,894$16,260$15,653$12,991
5 years$14,456$13,766$13,111$12,489$11,899$9,371
6 years$11,926$11,241$10,595$9,987$9,415$7,023
7 years$10,119$9,440$8,805$8,211$7,657$5,399
8 years$8,765$8,092$7,467$6,888$6,352$4,227
9 years$7,712$7,045$6,431$5,867$5,350$3,353
10 years$6,870$6,210$5,607$5,058$4,558$2,686
11 years$6,182$5,529$4,936$4,402$3,920$2,169
12 years$5,609$4,962$4,381$3,861$3,397$1,762
13 years$5,125$4,484$3,914$3,409$2,962$1,438
14 years$4,710$4,076$3,517$3,026$2,597$1,178
15 years$4,350$3,724$3,175$2,698$2,286$968
16 years$4,036$3,416$2,879$2,416$2,021$797
17 years$3,759$3,146$2,620$2,171$1,792$658
18 years$3,513$2,907$2,391$1,956$1,593$544
19 years$3,294$2,694$2,189$1,768$1,420$451
20 years$3,096$2,504$2,009$1,601$1,268$374
21 years$2,918$2,332$1,848$1,453$1,135$310
22 years$2,756$2,177$1,703$1,321$1,017$257
23 years$2,608$2,036$1,573$1,203$913$214
24 years$2,473$1,908$1,454$1,097$821$178
25 years$2,349$1,790$1,347$1,002$739$148
26 years$2,234$1,683$1,249$916$665$123
27 years$2,128$1,584$1,160$839$600$102
28 years$2,030$1,492$1,078$768$541$85
29 years$1,939$1,408$1,004$705$489$71
30 years$1,854$1,329$935$647$442$59
31 years$1,775$1,257$872$594$399$49
32 years$1,701$1,189$813$546$361$41
33 years$1,631$1,126$759$502$327$34
34 years$1,566$1,067$709$462$296$28
35 years$1,505$1,012$663$425$268$24
36 years$1,447$961$620$392$243$20
37 years$1,392$913$581$361$220$16
38 years$1,341$867$544$333$200$14
39 years$1,292$825$509$307$181$11
40 years$1,245$785$478$283$164$9
41 years$1,202$747$448$261$149$8
42 years$1,160$711$420$241$135$7
43 years$1,120$678$394$222$123$5
44 years$1,082$646$370$205$111$5
45 years$1,046$616$347$190$101$4
46 years$1,012$588$326$175$92$3
47 years$979$561$307$162$83$3
48 years$948$535$288$149$76$2
49 years$918$511$271$138$69$2
50 years$889$488$255$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $911,000, adding $3,653 every year, while hoping to spend $25,514 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: 40/33/27 Blend
73$911,000$911,000$911,000$911,000
74$1,007,690$959,407$945,287$1,039,836
75$1,083,328$979,271$949,807$1,083,356
76$1,165,825$999,254$953,624$1,127,760
77$1,255,856$1,019,333$956,686$1,175,309
78$1,354,159$1,039,487$958,941$1,226,307
79$1,461,551$1,059,690$960,334$1,281,090
80$1,578,929$1,079,914$960,805$1,340,026
81$1,707,281$1,100,131$960,293$1,403,525
82$1,847,695$1,120,309$958,734$1,472,038
83$2,001,369$1,140,412$956,060$1,546,060
84$2,169,621$1,160,405$952,201$1,626,142
85$2,353,905$1,180,248$947,082$1,712,890
86$2,555,819$1,199,896$940,625$1,806,970
87$2,777,126$1,219,304$932,750$1,909,123
88$3,019,766$1,238,423$923,370$2,020,161
89$3,285,875$1,257,199$912,396$2,140,984
90$3,577,807$1,275,574$899,734$2,272,583
91$3,898,155$1,293,489$885,286$2,416,052
92$4,249,773$1,310,877$868,950$2,572,599
93$4,635,808$1,327,668$850,618$2,743,555
94$5,059,724$1,343,787$830,177$2,930,392
95$5,525,338$1,359,154$807,510$3,134,731
96$6,036,854$1,373,685$782,494$3,358,362
97$6,598,905$1,387,287$754,999$3,603,259
98$7,216,594$1,399,865$724,892$3,871,600
99$7,895,541$1,411,313$692,030$4,165,789
100$8,641,941$1,421,522$656,268$4,488,476