Can I retire at age 74 with 938,000?

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 $938,000?

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$77,459$76,769$76,096$75,439$74,797$74,233
2 years$38,346$37,632$36,940$36,269$35,618$35,049
3 years$25,310$24,593$23,903$23,238$22,597$22,041
4 years$18,793$18,078$17,395$16,741$16,117$15,578
5 years$14,884$14,174$13,499$12,859$12,252$11,731
6 years$12,279$11,574$10,909$10,283$9,694$9,194
7 years$10,419$9,720$9,066$8,455$7,884$7,403
8 years$9,025$8,332$7,688$7,092$6,541$6,080
9 years$7,941$7,254$6,622$6,041$5,508$5,067
10 years$7,074$6,394$5,773$5,208$4,693$4,271
11 years$6,365$5,692$5,083$4,532$4,036$3,633
12 years$5,775$5,109$4,511$3,975$3,498$3,114
13 years$5,276$4,617$4,030$3,510$3,050$2,684
14 years$4,849$4,197$3,621$3,115$2,674$2,326
15 years$4,479$3,834$3,269$2,778$2,354$2,024
16 years$4,156$3,518$2,964$2,488$2,081$1,767
17 years$3,871$3,240$2,697$2,235$1,845$1,547
18 years$3,618$2,993$2,462$2,014$1,640$1,359
19 years$3,391$2,774$2,254$1,820$1,462$1,196
20 years$3,188$2,578$2,069$1,649$1,306$1,054
21 years$3,004$2,401$1,903$1,496$1,169$931
22 years$2,837$2,242$1,754$1,360$1,048$824
23 years$2,685$2,096$1,619$1,239$940$730
24 years$2,546$1,964$1,497$1,130$845$647
25 years$2,418$1,843$1,387$1,032$761$574
26 years$2,300$1,732$1,286$944$685$510
27 years$2,192$1,630$1,194$864$618$453
28 years$2,091$1,536$1,110$791$557$403
29 years$1,997$1,449$1,033$726$503$359
30 years$1,909$1,369$963$666$455$320
31 years$1,828$1,294$897$612$411$285
32 years$1,751$1,224$837$562$372$254
33 years$1,680$1,159$782$517$337$226
34 years$1,613$1,099$730$476$305$202
35 years$1,549$1,042$683$438$276$180
36 years$1,490$989$639$403$250$161
37 years$1,434$940$598$371$227$144
38 years$1,380$893$560$342$205$128
39 years$1,330$849$525$316$186$115
40 years$1,282$808$492$291$169$102
41 years$1,237$769$461$269$153$91
42 years$1,194$732$432$248$139$82
43 years$1,153$698$406$229$126$73
44 years$1,114$665$381$211$115$65
45 years$1,077$634$358$195$104$58
46 years$1,042$605$336$180$94$52
47 years$1,008$577$316$167$86$47
48 years$976$551$297$154$78$42
49 years$945$526$279$142$71$37
50 years$916$503$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 $938,000, adding $3,853 every year, while hoping to spend $57,329 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: 43/32/25 Blend
73$938,000$938,000$938,000$938,000
74$1,037,650$987,936$973,397$1,074,563
75$1,082,493$975,348$945,009$1,088,664
76$1,129,988$960,221$913,747$1,098,146
77$1,180,346$942,370$879,457$1,107,291
78$1,233,796$921,601$841,973$1,116,101
79$1,290,589$897,706$801,125$1,124,581
80$1,351,000$870,464$756,734$1,132,741
81$1,415,329$839,643$708,611$1,140,597
82$1,483,905$804,998$656,562$1,148,171
83$1,557,088$766,269$600,382$1,155,496
84$1,635,274$723,178$539,858$1,162,610
85$1,718,895$675,437$474,766$1,169,563
86$1,808,425$622,736$404,873$1,176,416
87$1,904,384$564,750$329,936$1,183,244
88$2,007,343$501,135$249,701$1,190,137
89$2,117,929$431,527$163,903$1,197,200
90$2,236,828$355,542$72,264$1,204,559
91$2,364,795$272,775$0$1,212,361
92$2,502,659$182,796$0$1,227,588
93$2,651,330$85,152$0$1,264,640
94$2,811,807$0$0$1,304,534
95$2,985,190$0$0$1,354,886
96$3,172,684$0$0$1,441,852
97$3,375,618$0$0$1,536,076
98$3,595,449$0$0$1,638,245
99$3,833,782$0$0$1,749,118
100$4,092,381$0$0$1,869,530