Can I retire at age 74 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$82,496$81,762$81,045$80,345$79,662$78,053
2 years$40,840$40,079$39,342$38,627$37,934$36,321
3 years$26,956$26,192$25,457$24,749$24,067$22,499
4 years$20,016$19,254$18,526$17,830$17,165$15,654
5 years$15,852$15,095$14,377$13,695$13,048$11,599
6 years$13,078$12,327$11,619$10,952$10,325$8,939
7 years$11,097$10,352$9,655$9,004$8,397$7,075
8 years$9,612$8,873$8,188$7,554$6,966$5,707
9 years$8,457$7,726$7,053$6,434$5,866$4,670
10 years$7,534$6,810$6,149$5,546$4,998$3,863
11 years$6,779$6,063$5,413$4,827$4,299$3,223
12 years$6,151$5,441$4,804$4,234$3,725$2,708
13 years$5,620$4,917$4,292$3,738$3,248$2,288
14 years$5,164$4,470$3,857$3,318$2,848$1,942
15 years$4,770$4,083$3,482$2,959$2,507$1,654
16 years$4,426$3,746$3,157$2,650$2,216$1,413
17 years$4,122$3,450$2,873$2,381$1,965$1,211
18 years$3,853$3,188$2,622$2,145$1,747$1,040
19 years$3,612$2,955$2,401$1,939$1,557$895
20 years$3,395$2,746$2,203$1,756$1,391$771
21 years$3,200$2,558$2,026$1,593$1,245$665
22 years$3,022$2,387$1,868$1,449$1,116$575
23 years$2,860$2,233$1,725$1,319$1,001$497
24 years$2,712$2,092$1,595$1,203$900$430
25 years$2,576$1,963$1,477$1,099$810$373
26 years$2,450$1,845$1,370$1,005$730$323
27 years$2,334$1,736$1,272$920$658$280
28 years$2,227$1,636$1,183$843$594$243
29 years$2,127$1,544$1,101$773$536$211
30 years$2,034$1,458$1,025$709$484$183
31 years$1,947$1,378$956$651$438$159
32 years$1,865$1,304$892$599$396$138
33 years$1,789$1,235$833$550$358$120
34 years$1,717$1,170$778$507$325$104
35 years$1,650$1,110$727$466$294$91
36 years$1,587$1,054$680$429$266$79
37 years$1,527$1,001$637$396$241$69
38 years$1,470$951$596$365$219$60
39 years$1,417$904$559$336$198$52
40 years$1,366$860$524$310$180$45
41 years$1,318$819$491$286$163$39
42 years$1,272$780$461$264$148$34
43 years$1,228$743$432$244$134$30
44 years$1,187$708$406$225$122$26
45 years$1,147$676$381$208$111$22
46 years$1,110$644$358$192$101$20
47 years$1,074$615$336$177$91$17
48 years$1,040$587$316$164$83$15
49 years$1,007$561$297$151$75$13
50 years$975$536$279$140$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $999,000, adding $2,316 every year, while hoping to spend $36,651 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: 47/29/24 Blend
73$999,000$999,000$999,000$999,000
74$1,103,287$1,050,340$1,034,855$1,147,478
75$1,176,826$1,062,810$1,030,527$1,191,192
76$1,256,637$1,074,663$1,024,825$1,234,807
77$1,343,322$1,085,830$1,017,664$1,281,415
78$1,437,543$1,096,237$1,008,957$1,331,313
79$1,540,025$1,105,805$998,610$1,384,831
80$1,651,570$1,114,452$986,526$1,442,336
81$1,773,058$1,122,088$972,603$1,504,229
82$1,905,458$1,128,619$956,733$1,570,959
83$2,049,837$1,133,943$938,806$1,643,019
84$2,207,368$1,137,954$918,704$1,720,955
85$2,379,343$1,140,538$896,304$1,805,372
86$2,567,185$1,141,573$871,479$1,896,938
87$2,772,459$1,140,931$844,095$1,996,391
88$2,996,889$1,138,475$814,011$2,104,548
89$3,242,372$1,134,061$781,080$2,222,311
90$3,510,998$1,127,534$745,151$2,350,679
91$3,805,068$1,118,732$706,061$2,490,753
92$4,127,115$1,107,480$663,645$2,643,752
93$4,479,930$1,093,596$617,726$2,811,022
94$4,866,586$1,076,884$568,123$2,994,050
95$5,290,465$1,057,140$514,643$3,194,478
96$5,755,297$1,034,144$457,088$3,414,121
97$6,265,185$1,007,665$395,248$3,654,984
98$6,824,652$977,458$328,906$3,919,280
99$7,438,677$943,264$257,836$4,209,454
100$8,112,747$904,809$181,798$4,528,205