Can I retire at age 74 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$76,964$76,278$75,609$74,956$74,319$72,640
2 years$38,101$37,391$36,704$36,037$35,390$33,708
3 years$25,148$24,436$23,750$23,089$22,453$20,820
4 years$18,673$17,963$17,284$16,634$16,014$14,442
5 years$14,789$14,083$13,413$12,777$12,173$10,668
6 years$12,201$11,500$10,840$10,218$9,632$8,194
7 years$10,353$9,658$9,008$8,401$7,834$6,463
8 years$8,967$8,278$7,639$7,047$6,499$5,196
9 years$7,890$7,208$6,580$6,002$5,473$4,236
10 years$7,029$6,353$5,736$5,174$4,663$3,491
11 years$6,325$5,656$5,050$4,503$4,010$2,902
12 years$5,738$5,076$4,482$3,950$3,475$2,429
13 years$5,243$4,588$4,004$3,487$3,031$2,044
14 years$4,818$4,170$3,598$3,095$2,657$1,727
15 years$4,450$3,809$3,248$2,761$2,339$1,465
16 years$4,129$3,495$2,945$2,472$2,067$1,247
17 years$3,846$3,219$2,680$2,221$1,833$1,064
18 years$3,594$2,974$2,446$2,001$1,630$909
19 years$3,370$2,757$2,240$1,809$1,453$779
20 years$3,168$2,562$2,055$1,638$1,298$668
21 years$2,985$2,386$1,891$1,487$1,161$574
22 years$2,819$2,227$1,742$1,352$1,041$494
23 years$2,668$2,083$1,609$1,231$934$425
24 years$2,530$1,952$1,488$1,123$840$366
25 years$2,403$1,832$1,378$1,025$756$315
26 years$2,286$1,721$1,278$937$681$272
27 years$2,178$1,620$1,187$858$614$235
28 years$2,077$1,527$1,103$786$554$203
29 years$1,984$1,440$1,027$721$500$175
30 years$1,897$1,360$956$662$452$151
31 years$1,816$1,286$892$608$408$131
32 years$1,740$1,217$832$558$369$113
33 years$1,669$1,152$777$514$334$98
34 years$1,602$1,092$726$473$303$85
35 years$1,539$1,036$679$435$274$73
36 years$1,480$983$635$401$248$63
37 years$1,424$934$594$369$225$55
38 years$1,372$887$556$340$204$47
39 years$1,322$844$521$314$185$41
40 years$1,274$803$489$289$168$35
41 years$1,229$764$458$267$152$31
42 years$1,187$728$430$246$138$27
43 years$1,146$693$403$227$125$23
44 years$1,107$661$379$210$114$20
45 years$1,071$630$355$194$103$17
46 years$1,035$601$334$179$94$15
47 years$1,002$574$314$166$85$13
48 years$970$548$295$153$77$11
49 years$939$523$277$141$70$10
50 years$910$500$260$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $932,000, adding $6,500 every year, while hoping to spend $49,264 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: 56/33/11 Blend
73$932,000$932,000$932,000$932,000
74$1,033,769$984,373$969,927$1,088,470
75$1,086,797$980,191$950,003$1,122,032
76$1,143,582$974,152$927,760$1,152,584
77$1,204,457$966,115$903,069$1,184,693
78$1,269,784$955,927$875,795$1,218,515
79$1,339,962$943,428$845,794$1,254,226
80$1,415,430$928,447$812,919$1,292,019
81$1,496,666$910,804$777,015$1,332,111
82$1,584,201$890,307$737,920$1,374,743
83$1,678,612$866,755$695,463$1,420,184
84$1,780,537$839,933$649,467$1,468,733
85$1,890,676$809,614$599,748$1,520,722
86$2,009,797$775,557$546,113$1,576,521
87$2,138,747$737,510$488,357$1,636,540
88$2,278,453$695,202$426,272$1,701,236
89$2,429,939$648,350$359,635$1,771,117
90$2,594,327$596,654$288,218$1,846,746
91$2,772,854$539,796$211,778$1,928,748
92$2,966,878$477,439$130,066$2,017,818
93$3,177,896$409,229$42,820$2,114,725
94$3,407,552$334,792$0$2,220,326
95$3,657,656$253,731$0$2,341,469
96$3,930,201$165,628$0$2,479,050
97$4,227,379$70,041$0$2,629,239
98$4,551,602$0$0$2,793,362
99$4,905,526$0$0$2,985,052
100$5,292,075$0$0$3,222,268