Can I retire at age 74 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$75,890$75,214$74,555$73,911$73,282$72,729
2 years$37,569$36,870$36,192$35,534$34,896$34,339
3 years$24,797$24,095$23,418$22,767$22,140$21,595
4 years$18,413$17,712$17,043$16,402$15,790$15,262
5 years$14,583$13,887$13,226$12,599$12,003$11,494
6 years$12,031$11,339$10,688$10,075$9,498$9,007
7 years$10,208$9,523$8,882$8,283$7,724$7,253
8 years$8,842$8,163$7,533$6,949$6,408$5,956
9 years$7,780$7,107$6,488$5,919$5,397$4,964
10 years$6,931$6,265$5,656$5,102$4,598$4,185
11 years$6,236$5,577$4,980$4,440$3,955$3,560
12 years$5,658$5,006$4,419$3,895$3,427$3,051
13 years$5,170$4,524$3,948$3,438$2,988$2,630
14 years$4,751$4,112$3,548$3,052$2,620$2,279
15 years$4,388$3,756$3,203$2,722$2,306$1,983
16 years$4,072$3,446$2,904$2,437$2,038$1,731
17 years$3,792$3,174$2,643$2,190$1,807$1,516
18 years$3,544$2,933$2,412$1,974$1,607$1,331
19 years$3,323$2,718$2,208$1,783$1,432$1,172
20 years$3,123$2,526$2,027$1,615$1,279$1,033
21 years$2,943$2,353$1,864$1,466$1,145$912
22 years$2,780$2,196$1,718$1,333$1,026$807
23 years$2,631$2,054$1,586$1,214$921$715
24 years$2,495$1,924$1,467$1,107$828$634
25 years$2,369$1,806$1,359$1,011$745$562
26 years$2,254$1,697$1,260$924$671$500
27 years$2,147$1,597$1,170$846$605$444
28 years$2,048$1,505$1,088$775$546$395
29 years$1,956$1,420$1,012$711$493$352
30 years$1,871$1,341$943$652$446$313
31 years$1,791$1,268$879$599$403$279
32 years$1,716$1,200$820$551$364$249
33 years$1,646$1,136$766$506$330$222
34 years$1,580$1,077$716$466$299$198
35 years$1,518$1,021$669$429$270$177
36 years$1,460$969$626$395$245$158
37 years$1,404$921$586$364$222$141
38 years$1,352$875$549$335$201$126
39 years$1,303$832$514$309$183$112
40 years$1,256$792$482$285$166$100
41 years$1,212$753$452$263$150$90
42 years$1,170$718$424$243$136$80
43 years$1,130$684$398$224$124$71
44 years$1,092$652$373$207$112$64
45 years$1,056$621$350$191$102$57
46 years$1,021$593$329$177$93$51
47 years$988$566$309$163$84$46
48 years$956$540$291$151$76$41
49 years$926$516$273$139$69$36
50 years$897$493$257$129$63$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $919,000, adding $4,891 every year, while hoping to spend $25,638 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: 38/43/19 Blend
73$919,000$919,000$919,000$919,000
74$1,017,783$969,076$954,832$1,050,490
75$1,094,318$989,282$959,540$1,094,718
76$1,177,801$1,009,619$963,546$1,139,694
77$1,268,912$1,030,066$966,801$1,187,769
78$1,368,403$1,050,601$969,250$1,239,236
79$1,477,098$1,071,199$970,839$1,294,418
80$1,595,908$1,091,833$971,507$1,353,674
81$1,725,833$1,112,475$971,195$1,417,398
82$1,867,975$1,133,094$969,837$1,486,023
83$2,023,548$1,153,655$967,367$1,560,031
84$2,193,888$1,174,122$963,712$1,639,950
85$2,380,467$1,194,457$958,798$1,726,365
86$2,584,906$1,214,616$952,549$1,819,919
87$2,808,988$1,234,554$944,881$1,921,324
88$3,054,680$1,254,222$935,710$2,031,363
89$3,324,147$1,273,569$924,946$2,150,903
90$3,619,773$1,292,536$912,494$2,280,898
91$3,944,184$1,311,065$898,257$2,422,401
92$4,300,274$1,329,091$882,132$2,576,575
93$4,691,230$1,346,544$864,011$2,744,702
94$5,120,561$1,363,350$843,781$2,928,197
95$5,592,135$1,379,431$821,325$3,128,619
96$6,110,211$1,394,702$796,518$3,347,692
97$6,679,484$1,409,073$769,232$3,587,314
98$7,305,122$1,422,449$739,332$3,849,581
99$7,992,822$1,434,726$706,677$4,136,803
100$8,748,858$1,445,796$671,119$4,451,532