Can I retire at age 74 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$75,808$75,132$74,474$73,830$73,203$70,859
2 years$37,529$36,830$36,152$35,495$34,858$32,519
3 years$24,770$24,069$23,393$22,742$22,116$19,854
4 years$18,393$17,693$17,024$16,385$15,773$13,606
5 years$14,567$13,871$13,211$12,585$11,990$9,924
6 years$12,017$11,327$10,677$10,064$9,488$7,524
7 years$10,197$9,512$8,872$8,274$7,716$5,854
8 years$8,832$8,154$7,525$6,941$6,401$4,640
9 years$7,771$7,099$6,481$5,912$5,391$3,729
10 years$6,923$6,258$5,650$5,096$4,593$3,027
11 years$6,230$5,571$4,974$4,435$3,950$2,478
12 years$5,652$5,000$4,415$3,890$3,423$2,041
13 years$5,164$4,519$3,944$3,435$2,985$1,690
14 years$4,746$4,107$3,544$3,049$2,617$1,405
15 years$4,384$3,752$3,200$2,719$2,304$1,172
16 years$4,067$3,443$2,901$2,435$2,036$980
17 years$3,788$3,170$2,640$2,188$1,805$822
18 years$3,540$2,930$2,410$1,971$1,605$690
19 years$3,319$2,715$2,206$1,781$1,431$581
20 years$3,120$2,523$2,025$1,613$1,278$489
21 years$2,940$2,350$1,862$1,464$1,144$412
22 years$2,777$2,194$1,716$1,331$1,025$348
23 years$2,628$2,052$1,585$1,212$920$294
24 years$2,492$1,922$1,466$1,106$827$249
25 years$2,367$1,804$1,357$1,010$744$210
26 years$2,251$1,696$1,259$923$670$178
27 years$2,145$1,596$1,169$845$604$150
28 years$2,046$1,504$1,087$774$545$127
29 years$1,954$1,418$1,011$710$493$108
30 years$1,869$1,340$942$652$445$91
31 years$1,789$1,266$878$599$402$77
32 years$1,714$1,198$819$550$364$66
33 years$1,644$1,135$765$506$329$56
34 years$1,578$1,076$715$465$298$47
35 years$1,516$1,020$668$428$270$40
36 years$1,458$968$625$395$245$34
37 years$1,403$920$585$364$222$29
38 years$1,351$874$548$335$201$24
39 years$1,302$831$513$309$182$21
40 years$1,255$791$481$285$165$18
41 years$1,211$753$451$263$150$15
42 years$1,169$717$423$243$136$13
43 years$1,129$683$397$224$124$11
44 years$1,091$651$373$207$112$9
45 years$1,054$621$350$191$102$8
46 years$1,020$592$329$176$92$7
47 years$987$565$309$163$84$6
48 years$955$539$290$151$76$5
49 years$925$515$273$139$69$4
50 years$896$492$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $918,000, adding $2,450 every year, while hoping to spend $49,557 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: 48/23/29 Blend
73$918,000$918,000$918,000$918,000
74$1,014,163$965,509$951,280$1,054,336
75$1,064,880$960,091$930,420$1,077,469
76$1,119,108$952,746$907,200$1,097,538
77$1,177,155$943,328$881,488$1,118,384
78$1,239,355$931,682$853,149$1,140,105
79$1,306,076$917,641$822,036$1,162,813
80$1,377,723$901,033$788,002$1,186,635
81$1,454,738$881,671$750,887$1,211,714
82$1,537,609$859,360$710,529$1,238,210
83$1,626,868$833,892$666,755$1,266,304
84$1,723,103$805,047$619,386$1,296,201
85$1,826,959$772,593$568,234$1,328,129
86$1,939,142$736,284$513,104$1,362,344
87$2,060,433$695,860$453,791$1,399,135
88$2,191,685$651,045$390,081$1,438,824
89$2,333,839$601,548$321,750$1,481,770
90$2,487,928$547,062$248,567$1,528,376
91$2,655,090$487,262$170,288$1,579,094
92$2,836,575$421,803$86,657$1,634,424
93$3,033,757$350,322$0$1,694,928
94$3,248,148$272,437$0$1,762,031
95$3,481,414$187,741$0$1,864,297
96$3,735,384$95,806$0$1,975,746
97$4,012,073$0$0$2,097,335
98$4,313,699$0$0$2,231,088
99$4,642,701$0$0$2,403,520
100$5,001,765$0$0$2,591,803