Can I retire at age 74 with 929,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$76,716$76,033$75,366$74,715$74,080$73,337
2 years$37,978$37,271$36,585$35,921$35,276$34,528
3 years$25,067$24,357$23,673$23,015$22,381$21,650
4 years$18,613$17,905$17,228$16,581$15,962$15,255
5 years$14,742$14,038$13,370$12,736$12,134$11,453
6 years$12,161$11,463$10,805$10,185$9,601$8,946
7 years$10,319$9,626$8,979$8,374$7,808$7,180
8 years$8,938$8,252$7,615$7,024$6,478$5,876
9 years$7,865$7,185$6,559$5,983$5,455$4,880
10 years$7,006$6,333$5,718$5,158$4,648$4,099
11 years$6,304$5,638$5,034$4,489$3,998$3,474
12 years$5,720$5,060$4,467$3,937$3,464$2,966
13 years$5,226$4,573$3,991$3,476$3,021$2,547
14 years$4,803$4,157$3,586$3,086$2,648$2,198
15 years$4,436$3,797$3,238$2,752$2,332$1,905
16 years$4,116$3,484$2,936$2,464$2,061$1,656
17 years$3,833$3,208$2,671$2,214$1,827$1,445
18 years$3,583$2,965$2,439$1,995$1,625$1,263
19 years$3,359$2,748$2,232$1,803$1,448$1,107
20 years$3,157$2,553$2,049$1,633$1,293$972
21 years$2,975$2,378$1,884$1,482$1,157$854
22 years$2,810$2,220$1,737$1,347$1,037$752
23 years$2,660$2,076$1,604$1,227$931$663
24 years$2,522$1,945$1,483$1,119$837$585
25 years$2,395$1,826$1,374$1,022$753$517
26 years$2,278$1,716$1,274$934$678$457
27 years$2,171$1,615$1,183$855$612$405
28 years$2,071$1,522$1,100$784$552$358
29 years$1,978$1,435$1,023$719$498$317
30 years$1,891$1,356$953$660$450$281
31 years$1,810$1,282$889$606$407$249
32 years$1,735$1,213$829$557$368$221
33 years$1,664$1,148$774$512$333$196
34 years$1,597$1,088$723$471$302$174
35 years$1,534$1,032$676$434$273$155
36 years$1,475$980$633$399$248$137
37 years$1,420$931$592$368$224$122
38 years$1,367$884$555$339$203$108
39 years$1,317$841$520$313$185$96
40 years$1,270$800$487$288$167$86
41 years$1,225$762$457$266$152$76
42 years$1,183$725$428$246$138$68
43 years$1,142$691$402$227$125$60
44 years$1,104$659$377$209$114$53
45 years$1,067$628$354$193$103$47
46 years$1,032$599$333$179$94$42
47 years$999$572$313$165$85$38
48 years$967$546$294$152$77$33
49 years$936$521$276$141$70$30
50 years$907$498$260$130$64$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $929,000, adding $4,302 every year, while hoping to spend $46,588 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: 38/44/18 Blend
73$929,000$929,000$929,000$929,000
74$1,028,196$978,959$964,559$1,061,558
75$1,083,502$977,358$947,302$1,084,352
76$1,142,889$974,118$927,906$1,104,221
77$1,206,722$969,109$906,250$1,124,718
78$1,275,405$962,192$882,207$1,145,925
79$1,349,380$953,223$855,644$1,167,935
80$1,429,133$942,047$826,424$1,190,855
81$1,515,197$928,500$794,402$1,214,807
82$1,608,159$912,408$759,426$1,239,926
83$1,708,663$893,588$721,339$1,266,370
84$1,817,417$871,845$679,975$1,294,314
85$1,935,200$846,972$635,160$1,323,956
86$2,062,868$818,751$586,715$1,355,522
87$2,201,361$786,950$534,451$1,389,263
88$2,351,716$751,327$478,171$1,425,463
89$2,515,070$711,620$417,669$1,464,442
90$2,692,675$667,558$352,729$1,506,558
91$2,885,910$618,851$283,127$1,552,213
92$3,096,290$565,192$208,630$1,601,856
93$3,325,484$506,258$128,991$1,655,992
94$3,575,326$441,708$43,955$1,715,184
95$3,847,838$371,180$0$1,780,062
96$4,145,243$294,293$0$1,860,317
97$4,469,987$210,643$0$1,957,339
98$4,824,767$119,805$0$2,063,610
99$5,212,548$21,330$0$2,180,164
100$5,636,595$0$0$2,308,148