Can I retire at age 74 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$76,551$75,869$75,204$74,554$73,920$71,871
2 years$37,896$37,191$36,507$35,843$35,200$33,151
3 years$25,013$24,304$23,622$22,965$22,332$20,347
4 years$18,573$17,866$17,191$16,545$15,928$14,022
5 years$14,710$14,007$13,341$12,708$12,108$10,287
6 years$12,135$11,438$10,781$10,163$9,581$7,846
7 years$10,297$9,606$8,959$8,355$7,792$6,143
8 years$8,919$8,234$7,598$7,009$6,464$4,901
9 years$7,848$7,169$6,544$5,970$5,444$3,964
10 years$6,991$6,319$5,706$5,146$4,638$3,241
11 years$6,291$5,626$5,023$4,479$3,989$2,672
12 years$5,708$5,049$4,458$3,929$3,457$2,217
13 years$5,215$4,563$3,983$3,468$3,014$1,849
14 years$4,792$4,148$3,579$3,079$2,642$1,549
15 years$4,427$3,789$3,231$2,746$2,327$1,302
16 years$4,107$3,476$2,929$2,459$2,056$1,098
17 years$3,825$3,202$2,666$2,209$1,823$928
18 years$3,575$2,958$2,433$1,991$1,621$786
19 years$3,352$2,742$2,228$1,799$1,445$666
20 years$3,151$2,548$2,044$1,629$1,291$566
21 years$2,969$2,373$1,880$1,479$1,155$481
22 years$2,804$2,215$1,733$1,344$1,035$410
23 years$2,654$2,072$1,600$1,224$929$349
24 years$2,516$1,941$1,480$1,117$835$298
25 years$2,390$1,822$1,371$1,020$752$254
26 years$2,273$1,712$1,271$932$677$217
27 years$2,166$1,611$1,180$854$610$185
28 years$2,066$1,518$1,097$782$551$158
29 years$1,973$1,432$1,021$717$497$135
30 years$1,887$1,353$951$658$449$116
31 years$1,806$1,279$887$604$406$99
32 years$1,731$1,210$827$555$368$84
33 years$1,660$1,146$773$511$333$72
34 years$1,594$1,086$722$470$301$62
35 years$1,531$1,030$675$433$273$53
36 years$1,472$978$631$398$247$45
37 years$1,417$929$591$367$224$39
38 years$1,364$883$553$338$203$33
39 years$1,314$839$518$312$184$28
40 years$1,267$798$486$288$167$24
41 years$1,223$760$456$266$152$21
42 years$1,180$724$427$245$137$18
43 years$1,140$690$401$226$125$15
44 years$1,101$657$376$209$113$13
45 years$1,065$627$353$193$103$11
46 years$1,030$598$332$178$93$10
47 years$997$571$312$165$85$8
48 years$965$545$293$152$77$7
49 years$934$520$276$141$70$6
50 years$905$497$259$130$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $927,000, adding $2,588 every year, while hoping to spend $54,541 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: 85/9/6 Blend
73$927,000$927,000$927,000$927,000
74$1,024,224$975,093$960,724$1,110,775
75$1,070,663$964,841$934,877$1,157,356
76$1,120,012$952,259$906,336$1,200,794
77$1,172,508$937,175$874,954$1,246,772
78$1,228,414$919,407$840,575$1,295,512
79$1,288,016$898,762$803,038$1,347,251
80$1,351,629$875,036$762,175$1,402,256
81$1,419,595$848,012$717,808$1,460,816
82$1,492,292$817,463$669,752$1,523,252
83$1,570,133$783,146$617,816$1,589,916
84$1,653,570$744,804$561,797$1,661,197
85$1,743,102$702,167$501,485$1,737,521
86$1,839,274$654,949$436,660$1,819,359
87$1,942,683$602,845$367,092$1,907,230
88$2,053,989$545,536$292,541$2,001,703
89$2,173,911$482,683$212,757$2,103,408
90$2,303,244$413,929$127,478$2,213,038
91$2,442,859$338,894$36,432$2,331,356
92$2,593,711$257,181$0$2,459,203
93$2,756,853$168,366$0$2,601,395
94$2,933,441$72,006$0$2,757,807
95$3,124,746$0$0$2,927,250
96$3,332,165$0$0$3,114,193
97$3,557,234$0$0$3,324,794
98$3,801,644$0$0$3,553,504
99$4,067,254$0$0$3,802,064
100$4,356,107$0$0$4,072,390