Can I retire at age 74 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$75,560$74,887$74,230$73,589$72,963$71,374
2 years$37,406$36,709$36,034$35,379$34,744$33,151
3 years$24,690$23,990$23,316$22,668$22,043$20,495
4 years$18,333$17,635$16,968$16,331$15,721$14,231
5 years$14,519$13,826$13,168$12,544$11,951$10,523
6 years$11,978$11,290$10,642$10,031$9,457$8,092
7 years$10,164$9,481$8,843$8,247$7,691$6,390
8 years$8,803$8,127$7,500$6,918$6,380$5,143
9 years$7,746$7,076$6,460$5,893$5,373$4,198
10 years$6,901$6,237$5,632$5,080$4,578$3,464
11 years$6,209$5,553$4,958$4,421$3,937$2,883
12 years$5,634$4,984$4,400$3,878$3,412$2,416
13 years$5,147$4,504$3,931$3,424$2,975$2,036
14 years$4,730$4,094$3,532$3,039$2,608$1,723
15 years$4,369$3,740$3,189$2,710$2,296$1,464
16 years$4,054$3,431$2,891$2,427$2,030$1,247
17 years$3,776$3,160$2,631$2,180$1,800$1,066
18 years$3,529$2,920$2,402$1,965$1,600$912
19 years$3,308$2,706$2,199$1,776$1,426$783
20 years$3,110$2,515$2,018$1,608$1,274$672
21 years$2,931$2,342$1,856$1,459$1,140$578
22 years$2,768$2,187$1,711$1,327$1,022$498
23 years$2,620$2,045$1,580$1,208$917$429
24 years$2,484$1,916$1,461$1,102$824$371
25 years$2,359$1,798$1,353$1,007$742$320
26 years$2,244$1,690$1,255$920$668$276
27 years$2,138$1,590$1,165$842$603$239
28 years$2,039$1,499$1,083$772$544$207
29 years$1,948$1,414$1,008$708$491$179
30 years$1,863$1,335$939$650$444$155
31 years$1,783$1,262$875$597$401$134
32 years$1,708$1,194$817$548$363$116
33 years$1,639$1,131$763$504$328$100
34 years$1,573$1,072$712$464$297$87
35 years$1,511$1,017$666$427$269$75
36 years$1,453$965$623$393$244$65
37 years$1,398$917$583$362$221$57
38 years$1,347$871$546$334$200$49
39 years$1,297$828$512$308$182$43
40 years$1,251$788$480$284$165$37
41 years$1,207$750$450$262$150$32
42 years$1,165$714$422$242$136$28
43 years$1,125$681$396$223$123$24
44 years$1,087$649$372$206$112$21
45 years$1,051$619$349$190$101$18
46 years$1,017$590$328$176$92$16
47 years$984$563$308$162$84$14
48 years$952$538$289$150$76$12
49 years$922$514$272$139$69$10
50 years$893$491$256$128$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $915,000, adding $6,770 every year, while hoping to spend $31,970 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: 37/35/28 Blend
73$915,000$915,000$915,000$915,000
74$1,015,313$966,818$952,636$1,044,176
75$1,084,859$980,177$950,533$1,079,464
76$1,160,428$993,118$947,289$1,114,157
77$1,242,599$1,005,588$942,830$1,151,021
78$1,332,011$1,017,529$937,083$1,190,272
79$1,429,368$1,028,879$929,966$1,232,152
80$1,535,442$1,039,573$921,398$1,276,927
81$1,651,084$1,049,539$911,292$1,324,894
82$1,777,231$1,058,703$899,557$1,376,381
83$1,914,913$1,066,985$886,097$1,431,751
84$2,065,267$1,074,299$870,814$1,491,407
85$2,229,539$1,080,555$853,601$1,555,794
86$2,409,106$1,085,656$834,351$1,625,407
87$2,605,483$1,089,501$812,949$1,700,793
88$2,820,334$1,091,979$789,276$1,782,556
89$3,055,497$1,092,975$763,205$1,871,365
90$3,312,993$1,092,366$734,608$1,967,964
91$3,595,047$1,090,020$703,346$2,073,170
92$3,904,111$1,085,800$669,277$2,187,893
93$4,242,883$1,079,557$632,251$2,313,134
94$4,614,338$1,071,137$592,112$2,450,004
95$5,021,750$1,060,371$548,697$2,599,731
96$5,468,725$1,047,087$501,835$2,763,670
97$5,959,237$1,031,095$451,348$2,943,322
98$6,497,661$1,012,201$397,050$3,140,346
99$7,088,817$990,194$338,746$3,356,572
100$7,738,016$964,853$276,234$3,594,028