Can I retire at age 74 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$75,725$75,050$74,392$73,750$73,123$71,823
2 years$37,488$36,789$36,113$35,457$34,820$33,515
3 years$24,743$24,042$23,367$22,717$22,092$20,822
4 years$18,373$17,674$17,005$16,367$15,756$14,531
5 years$14,551$13,856$13,197$12,571$11,977$10,801
6 years$12,004$11,315$10,665$10,053$9,477$8,351
7 years$10,186$9,502$8,863$8,265$7,708$6,632
8 years$8,823$8,145$7,516$6,934$6,394$5,368
9 years$7,763$7,092$6,474$5,906$5,385$4,408
10 years$6,916$6,251$5,644$5,091$4,588$3,660
11 years$6,223$5,565$4,969$4,431$3,946$3,066
12 years$5,646$4,995$4,410$3,886$3,419$2,586
13 years$5,158$4,514$3,940$3,431$2,982$2,193
14 years$4,741$4,103$3,540$3,046$2,614$1,869
15 years$4,379$3,748$3,196$2,716$2,301$1,599
16 years$4,063$3,439$2,898$2,432$2,034$1,372
17 years$3,784$3,167$2,637$2,185$1,804$1,180
18 years$3,537$2,926$2,407$1,969$1,604$1,018
19 years$3,315$2,712$2,204$1,779$1,429$880
20 years$3,117$2,520$2,022$1,612$1,277$762
21 years$2,937$2,348$1,860$1,463$1,143$660
22 years$2,774$2,191$1,714$1,330$1,024$573
23 years$2,625$2,050$1,583$1,211$919$498
24 years$2,489$1,920$1,464$1,105$826$433
25 years$2,364$1,802$1,356$1,009$744$377
26 years$2,249$1,694$1,258$922$670$328
27 years$2,142$1,594$1,168$844$604$286
28 years$2,044$1,502$1,086$774$545$249
29 years$1,952$1,417$1,010$709$492$217
30 years$1,867$1,338$941$651$445$190
31 years$1,787$1,265$877$598$402$166
32 years$1,712$1,197$818$549$364$145
33 years$1,642$1,134$764$505$329$126
34 years$1,576$1,074$714$465$298$110
35 years$1,515$1,019$668$428$270$96
36 years$1,456$967$625$394$244$84
37 years$1,401$919$585$363$222$74
38 years$1,349$873$547$335$201$64
39 years$1,300$830$513$309$182$56
40 years$1,254$790$481$285$165$49
41 years$1,209$752$451$263$150$43
42 years$1,167$716$423$242$136$38
43 years$1,128$682$397$224$123$33
44 years$1,090$650$372$207$112$29
45 years$1,053$620$350$191$102$25
46 years$1,019$592$328$176$92$22
47 years$986$565$309$163$84$19
48 years$954$539$290$150$76$17
49 years$924$515$273$139$69$15
50 years$895$492$256$129$63$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $917,000, adding $2,099 every year, while hoping to spend $37,865 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: 43/39/18 Blend
73$917,000$917,000$917,000$917,000
74$1,012,699$964,098$949,885$1,050,857
75$1,075,706$971,051$941,418$1,084,913
76$1,143,871$977,075$931,398$1,117,901
77$1,217,680$982,086$919,734$1,152,847
78$1,297,667$985,991$906,328$1,189,947
79$1,384,420$988,696$891,081$1,229,421
80$1,478,584$990,096$873,886$1,271,515
81$1,580,872$990,083$854,633$1,316,501
82$1,692,064$988,540$833,207$1,364,679
83$1,813,022$985,345$809,486$1,416,384
84$1,944,690$980,367$783,344$1,471,989
85$2,088,111$973,468$754,649$1,531,906
86$2,244,430$964,500$723,261$1,596,591
87$2,414,909$953,307$689,038$1,666,551
88$2,600,935$939,725$651,826$1,742,350
89$2,804,037$923,578$611,469$1,824,609
90$3,025,896$904,680$567,800$1,914,019
91$3,268,364$882,836$520,648$2,011,346
92$3,533,480$857,837$469,832$2,117,437
93$3,823,486$829,463$415,163$2,233,230
94$4,140,856$797,481$356,445$2,359,764
95$4,488,310$761,644$293,472$2,498,190
96$4,868,844$721,691$226,030$2,649,782
97$5,285,758$677,346$153,895$2,815,947
98$5,742,687$628,318$76,832$2,998,247
99$6,243,633$574,297$0$3,198,405
100$6,793,004$514,958$0$3,419,370