Can I retire at age 74 with 911,000?

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 $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%11.7%
1 years$75,230$74,559$73,906$73,268$72,644$72,126
2 years$37,242$36,549$35,877$35,225$34,593$34,070
3 years$24,582$23,885$23,214$22,569$21,947$21,436
4 years$18,252$17,558$16,894$16,260$15,653$15,158
5 years$14,456$13,766$13,111$12,489$11,899$11,421
6 years$11,926$11,241$10,595$9,987$9,415$8,955
7 years$10,119$9,440$8,805$8,211$7,657$7,215
8 years$8,765$8,092$7,467$6,888$6,352$5,929
9 years$7,712$7,045$6,431$5,867$5,350$4,944
10 years$6,870$6,210$5,607$5,058$4,558$4,170
11 years$6,182$5,529$4,936$4,402$3,920$3,550
12 years$5,609$4,962$4,381$3,861$3,397$3,044
13 years$5,125$4,484$3,914$3,409$2,962$2,626
14 years$4,710$4,076$3,517$3,026$2,597$2,276
15 years$4,350$3,724$3,175$2,698$2,286$1,982
16 years$4,036$3,416$2,879$2,416$2,021$1,732
17 years$3,759$3,146$2,620$2,171$1,792$1,518
18 years$3,513$2,907$2,391$1,956$1,593$1,334
19 years$3,294$2,694$2,189$1,768$1,420$1,175
20 years$3,096$2,504$2,009$1,601$1,268$1,036
21 years$2,918$2,332$1,848$1,453$1,135$916
22 years$2,756$2,177$1,703$1,321$1,017$811
23 years$2,608$2,036$1,573$1,203$913$719
24 years$2,473$1,908$1,454$1,097$821$638
25 years$2,349$1,790$1,347$1,002$739$566
26 years$2,234$1,683$1,249$916$665$504
27 years$2,128$1,584$1,160$839$600$448
28 years$2,030$1,492$1,078$768$541$399
29 years$1,939$1,408$1,004$705$489$355
30 years$1,854$1,329$935$647$442$317
31 years$1,775$1,257$872$594$399$282
32 years$1,701$1,189$813$546$361$252
33 years$1,631$1,126$759$502$327$225
34 years$1,566$1,067$709$462$296$201
35 years$1,505$1,012$663$425$268$179
36 years$1,447$961$620$392$243$160
37 years$1,392$913$581$361$220$143
38 years$1,341$867$544$333$200$128
39 years$1,292$825$509$307$181$114
40 years$1,245$785$478$283$164$102
41 years$1,202$747$448$261$149$91
42 years$1,160$711$420$241$135$82
43 years$1,120$678$394$222$123$73
44 years$1,082$646$370$205$111$65
45 years$1,046$616$347$190$101$58
46 years$1,012$588$326$175$92$52
47 years$979$561$307$162$83$47
48 years$948$535$288$149$76$42
49 years$918$511$271$138$69$37
50 years$889$488$255$128$62$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $911,000, adding $5,043 every year, while hoping to spend $39,270 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: 36/46/18 Blend
73$911,000$911,000$911,000$911,000
74$1,009,124$960,841$946,720$1,039,763
75$1,070,272$966,139$936,653$1,067,772
76$1,136,340$970,381$924,931$1,093,935
77$1,207,790$973,473$911,460$1,121,355
78$1,285,127$975,316$896,136$1,150,167
79$1,368,909$975,804$878,855$1,180,520
80$1,459,746$974,827$859,505$1,212,583
81$1,558,311$972,265$837,970$1,246,544
82$1,665,345$967,992$814,128$1,282,612
83$1,781,661$961,875$787,852$1,321,024
84$1,908,154$953,770$759,009$1,362,040
85$2,045,810$943,529$727,460$1,405,954
86$2,195,712$930,991$693,059$1,453,091
87$2,359,053$915,988$655,655$1,503,814
88$2,537,145$898,340$615,088$1,558,528
89$2,731,432$877,857$571,192$1,617,685
90$2,943,505$854,339$523,794$1,681,785
91$3,175,114$827,573$472,712$1,751,387
92$3,428,185$797,333$417,757$1,827,112
93$3,704,839$763,382$358,731$1,909,648
94$4,007,412$725,467$295,428$1,999,763
95$4,338,474$683,321$227,631$2,098,308
96$4,700,858$636,663$155,116$2,206,229
97$5,097,680$585,195$77,648$2,324,573
98$5,532,374$528,600$0$2,454,508
99$6,008,721$466,546$0$2,598,288
100$6,530,885$398,682$0$2,772,358