Can I retire at age 74 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$78,698$77,997$77,313$76,645$75,994$75,263
2 years$38,959$38,234$37,531$36,849$36,187$35,451
3 years$25,715$24,986$24,285$23,609$22,959$22,240
4 years$19,094$18,367$17,673$17,009$16,374$15,678
5 years$15,122$14,400$13,715$13,065$12,448$11,777
6 years$12,476$11,759$11,084$10,448$9,849$9,204
7 years$10,586$9,875$9,211$8,590$8,010$7,391
8 years$9,169$8,465$7,811$7,206$6,645$6,052
9 years$8,068$7,370$6,728$6,138$5,596$5,029
10 years$7,187$6,496$5,866$5,291$4,768$4,227
11 years$6,467$5,783$5,164$4,605$4,101$3,585
12 years$5,868$5,191$4,583$4,039$3,554$3,062
13 years$5,361$4,691$4,095$3,566$3,099$2,631
14 years$4,927$4,264$3,679$3,165$2,716$2,273
15 years$4,551$3,895$3,322$2,823$2,392$1,971
16 years$4,222$3,574$3,012$2,528$2,114$1,715
17 years$3,933$3,291$2,740$2,271$1,874$1,497
18 years$3,675$3,041$2,502$2,047$1,667$1,310
19 years$3,446$2,819$2,290$1,849$1,485$1,148
20 years$3,239$2,619$2,102$1,675$1,327$1,009
21 years$3,052$2,440$1,933$1,520$1,187$888
22 years$2,883$2,277$1,782$1,382$1,064$782
23 years$2,728$2,130$1,645$1,259$955$690
24 years$2,587$1,996$1,521$1,148$859$610
25 years$2,457$1,873$1,409$1,048$773$539
26 years$2,337$1,760$1,307$959$696$477
27 years$2,227$1,657$1,214$877$628$422
28 years$2,124$1,561$1,128$804$566$374
29 years$2,029$1,473$1,050$737$511$332
30 years$1,940$1,391$978$677$462$294
31 years$1,857$1,315$912$621$418$261
32 years$1,779$1,244$851$571$378$232
33 years$1,707$1,178$794$525$342$206
34 years$1,638$1,117$742$483$310$183
35 years$1,574$1,059$694$445$280$162
36 years$1,514$1,005$649$410$254$144
37 years$1,456$955$607$377$230$128
38 years$1,402$907$569$348$209$114
39 years$1,351$863$533$321$189$101
40 years$1,303$821$500$296$172$90
41 years$1,257$781$468$273$156$80
42 years$1,213$744$439$252$141$71
43 years$1,172$709$412$233$128$64
44 years$1,132$676$387$215$116$57
45 years$1,095$644$363$198$106$50
46 years$1,059$615$341$183$96$45
47 years$1,024$587$321$169$87$40
48 years$992$560$301$156$79$35
49 years$960$535$283$145$72$32
50 years$930$511$266$134$65$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $953,000, adding $5,268 every year, while hoping to spend $48,249 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: 63/18/19 Blend
73$953,000$953,000$953,000$953,000
74$1,055,640$1,005,131$990,359$1,116,718
75$1,111,979$1,003,046$972,200$1,156,382
76$1,172,447$999,241$951,815$1,193,770
77$1,237,415$993,582$929,079$1,233,474
78$1,307,289$985,926$903,861$1,275,724
79$1,382,515$976,119$876,023$1,320,773
80$1,463,584$964,001$845,422$1,368,904
81$1,551,033$949,401$811,908$1,420,429
82$1,645,455$932,138$775,323$1,475,693
83$1,747,498$912,019$735,503$1,535,079
84$1,857,877$888,843$692,277$1,599,012
85$1,977,377$862,393$645,464$1,667,959
86$2,106,861$832,441$594,879$1,742,441
87$2,247,278$798,748$540,324$1,823,033
88$2,399,671$761,057$481,596$1,910,371
89$2,565,188$719,100$418,480$2,005,159
90$2,745,091$672,590$350,753$2,108,176
91$2,940,770$621,226$278,183$2,220,283
92$3,153,752$564,689$200,525$2,342,434
93$3,385,718$502,642$117,526$2,475,683
94$3,638,518$434,729$28,920$2,621,194
95$3,914,189$360,573$0$2,780,257
96$4,214,972$279,776$0$2,967,601
97$4,543,333$191,919$0$3,178,617
98$4,901,987$96,557$0$3,409,236
99$5,293,924$0$0$3,661,445
100$5,722,434$0$0$3,938,776