Can I retire at age 74 with 922,000?

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 $922,000?

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$76,138$75,460$74,798$74,152$73,522$71,920
2 years$37,692$36,990$36,310$35,650$35,010$33,404
3 years$24,878$24,173$23,495$22,841$22,212$20,652
4 years$18,473$17,770$17,098$16,456$15,842$14,340
5 years$14,631$13,932$13,269$12,640$12,043$10,604
6 years$12,070$11,376$10,723$10,108$9,529$8,154
7 years$10,241$9,554$8,911$8,310$7,750$6,439
8 years$8,871$8,189$7,557$6,971$6,429$5,182
9 years$7,805$7,130$6,509$5,938$5,414$4,230
10 years$6,953$6,285$5,675$5,119$4,613$3,491
11 years$6,257$5,595$4,996$4,455$3,967$2,905
12 years$5,677$5,022$4,434$3,907$3,438$2,434
13 years$5,186$4,538$3,961$3,450$2,998$2,051
14 years$4,766$4,125$3,559$3,062$2,628$1,736
15 years$4,403$3,769$3,214$2,731$2,314$1,475
16 years$4,085$3,458$2,914$2,445$2,045$1,257
17 years$3,805$3,184$2,651$2,197$1,813$1,074
18 years$3,556$2,942$2,420$1,980$1,612$919
19 years$3,333$2,727$2,216$1,789$1,437$789
20 years$3,134$2,534$2,033$1,620$1,284$677
21 years$2,953$2,360$1,870$1,471$1,149$583
22 years$2,789$2,203$1,724$1,337$1,030$502
23 years$2,640$2,061$1,592$1,218$924$433
24 years$2,503$1,931$1,472$1,111$831$373
25 years$2,377$1,812$1,363$1,014$748$322
26 years$2,261$1,703$1,264$927$673$279
27 years$2,154$1,603$1,174$849$607$241
28 years$2,055$1,510$1,091$778$548$208
29 years$1,963$1,425$1,016$713$495$180
30 years$1,877$1,345$946$655$447$156
31 years$1,797$1,272$882$601$404$135
32 years$1,722$1,203$823$552$366$117
33 years$1,651$1,140$768$508$331$101
34 years$1,585$1,080$718$467$300$88
35 years$1,523$1,025$671$430$271$76
36 years$1,464$972$628$396$246$66
37 years$1,409$924$588$365$223$57
38 years$1,357$878$550$337$202$49
39 years$1,307$835$516$310$183$43
40 years$1,261$794$483$286$166$37
41 years$1,216$756$453$264$151$32
42 years$1,174$720$425$244$137$28
43 years$1,134$686$399$225$124$24
44 years$1,095$654$374$208$113$21
45 years$1,059$623$352$192$102$18
46 years$1,024$595$330$177$93$16
47 years$991$568$310$164$84$14
48 years$959$542$292$151$77$12
49 years$929$517$274$140$70$10
50 years$900$494$258$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $922,000, adding $2,345 every year, while hoping to spend $40,696 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: 55/20/25 Blend
73$922,000$922,000$922,000$922,000
74$1,018,463$969,597$955,306$1,067,359
75$1,079,046$973,807$944,008$1,105,439
76$1,144,444$976,859$930,968$1,142,449
77$1,215,107$978,654$916,085$1,181,913
78$1,291,525$979,086$899,251$1,224,079
79$1,374,241$978,042$880,357$1,269,224
80$1,463,851$975,402$859,285$1,317,653
81$1,561,007$971,041$835,915$1,369,704
82$1,666,431$964,823$810,119$1,425,754
83$1,780,913$956,606$781,765$1,486,217
84$1,905,324$946,237$750,712$1,551,555
85$2,040,622$933,558$716,816$1,622,275
86$2,187,861$918,398$679,924$1,698,942
87$2,348,200$900,576$639,879$1,782,179
88$2,522,914$879,902$596,512$1,872,678
89$2,713,407$856,173$549,652$1,971,203
90$2,921,226$829,177$499,116$2,078,597
91$3,148,070$798,685$444,716$2,195,795
92$3,395,812$764,460$386,252$2,323,832
93$3,666,512$726,246$323,519$2,463,849
94$3,962,441$683,776$256,301$2,617,111
95$4,286,095$636,767$184,373$2,785,013
96$4,640,226$584,917$107,499$2,969,100
97$5,027,862$527,911$25,433$3,171,077
98$5,452,338$465,414$0$3,392,829
99$5,917,328$397,070$0$3,653,017
100$6,426,875$322,506$0$3,945,682