Can I retire at age 74 with 937,000?

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 $937,000?

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$77,377$76,687$76,015$75,359$74,718$74,154
2 years$38,305$37,592$36,900$36,230$35,580$35,011
3 years$25,283$24,567$23,877$23,213$22,573$22,018
4 years$18,773$18,059$17,376$16,724$16,099$15,561
5 years$14,869$14,159$13,485$12,845$12,239$11,719
6 years$12,266$11,562$10,898$10,273$9,684$9,184
7 years$10,408$9,709$9,056$8,446$7,876$7,395
8 years$9,015$8,323$7,680$7,085$6,534$6,073
9 years$7,932$7,246$6,615$6,035$5,502$5,061
10 years$7,067$6,387$5,767$5,202$4,688$4,267
11 years$6,359$5,686$5,077$4,527$4,032$3,630
12 years$5,769$5,104$4,506$3,971$3,494$3,110
13 years$5,271$4,612$4,026$3,506$3,047$2,681
14 years$4,844$4,192$3,617$3,112$2,671$2,323
15 years$4,474$3,830$3,266$2,775$2,352$2,021
16 years$4,151$3,514$2,961$2,485$2,078$1,765
17 years$3,866$3,236$2,694$2,233$1,843$1,546
18 years$3,614$2,990$2,460$2,012$1,639$1,357
19 years$3,388$2,771$2,252$1,818$1,460$1,195
20 years$3,185$2,575$2,066$1,647$1,305$1,053
21 years$3,001$2,399$1,901$1,495$1,167$930
22 years$2,834$2,239$1,752$1,359$1,046$823
23 years$2,682$2,094$1,617$1,238$939$729
24 years$2,543$1,962$1,496$1,129$844$646
25 years$2,416$1,841$1,386$1,031$760$574
26 years$2,298$1,731$1,285$943$684$509
27 years$2,189$1,629$1,193$863$617$453
28 years$2,088$1,535$1,109$790$557$403
29 years$1,995$1,448$1,032$725$503$359
30 years$1,907$1,367$962$665$454$319
31 years$1,826$1,293$896$611$411$285
32 years$1,750$1,223$836$561$371$254
33 years$1,678$1,158$781$516$336$226
34 years$1,611$1,098$730$475$304$202
35 years$1,548$1,041$682$437$276$180
36 years$1,488$988$638$403$250$161
37 years$1,432$939$597$371$226$143
38 years$1,379$892$559$342$205$128
39 years$1,329$848$524$315$186$114
40 years$1,281$807$491$291$169$102
41 years$1,236$768$461$268$153$91
42 years$1,193$732$432$248$139$82
43 years$1,152$697$405$229$126$73
44 years$1,113$664$381$211$114$65
45 years$1,076$634$357$195$104$58
46 years$1,041$604$336$180$94$52
47 years$1,007$577$315$166$86$47
48 years$975$551$296$154$78$42
49 years$944$526$278$142$71$37
50 years$915$502$262$131$64$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $937,000, adding $4,955 every year, while hoping to spend $33,499 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: 53/36/11 Blend
73$937,000$937,000$937,000$937,000
74$1,037,685$988,024$973,501$1,089,475
75$1,107,886$1,000,795$970,470$1,138,027
76$1,184,125$1,013,068$966,216$1,186,791
77$1,266,983$1,024,785$960,660$1,239,065
78$1,357,097$1,035,881$953,724$1,295,189
79$1,455,170$1,046,289$945,324$1,355,538
80$1,561,976$1,055,936$935,371$1,420,527
81$1,678,365$1,064,744$923,773$1,490,612
82$1,805,274$1,072,632$910,435$1,566,298
83$1,943,732$1,079,511$895,254$1,648,143
84$2,094,874$1,085,288$878,127$1,736,762
85$2,259,948$1,089,865$858,941$1,832,834
86$2,440,329$1,093,134$837,582$1,937,109
87$2,637,529$1,094,984$813,927$2,050,415
88$2,853,215$1,095,297$787,852$2,173,665
89$3,089,220$1,093,944$759,222$2,307,867
90$3,347,565$1,090,791$727,901$2,454,135
91$3,630,473$1,085,697$693,742$2,613,698
92$3,940,394$1,078,508$656,595$2,787,912
93$4,280,025$1,069,065$616,301$2,978,273
94$4,652,335$1,057,198$572,695$3,186,434
95$5,060,598$1,042,725$525,605$3,414,217
96$5,508,415$1,025,455$474,849$3,663,634
97$5,999,756$1,005,185$420,240$3,936,907
98$6,538,993$981,701$361,579$4,236,483
99$7,130,941$954,775$298,663$4,565,068
100$7,780,904$924,166$231,275$4,925,644