Can I retire at age 74 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$109,830$108,852$107,897$106,966$106,056$105,124
2 years$54,371$53,359$52,377$51,426$50,503$49,563
3 years$35,888$34,871$33,892$32,949$32,041$31,123
4 years$26,647$25,634$24,664$23,738$22,852$21,963
5 years$21,105$20,097$19,141$18,233$17,372$16,515
6 years$17,411$16,411$15,468$14,581$13,746$12,921
7 years$14,773$13,782$12,854$11,988$11,179$10,388
8 years$12,796$11,813$10,902$10,056$9,274$8,516
9 years$11,259$10,286$9,389$8,566$7,810$7,085
10 years$10,030$9,066$8,186$7,384$6,655$5,961
11 years$9,026$8,071$7,207$6,426$5,723$5,062
12 years$8,189$7,244$6,396$5,637$4,960$4,330
13 years$7,481$6,547$5,714$4,976$4,325$3,725
14 years$6,876$5,951$5,134$4,417$3,791$3,221
15 years$6,351$5,436$4,636$3,939$3,338$2,797
16 years$5,892$4,988$4,203$3,527$2,950$2,437
17 years$5,488$4,593$3,824$3,169$2,616$2,130
18 years$5,129$4,244$3,491$2,856$2,326$1,867
19 years$4,809$3,934$3,196$2,581$2,073$1,639
20 years$4,520$3,655$2,933$2,337$1,852$1,442
21 years$4,260$3,405$2,698$2,121$1,657$1,271
22 years$4,023$3,178$2,487$1,929$1,485$1,122
23 years$3,808$2,973$2,296$1,757$1,333$991
24 years$3,610$2,785$2,123$1,602$1,198$877
25 years$3,429$2,614$1,967$1,463$1,078$776
26 years$3,262$2,457$1,824$1,338$971$688
27 years$3,107$2,312$1,694$1,225$876$610
28 years$2,964$2,178$1,574$1,122$790$542
29 years$2,831$2,055$1,465$1,029$714$481
30 years$2,707$1,941$1,365$944$645$427
31 years$2,592$1,835$1,272$867$583$380
32 years$2,483$1,736$1,187$797$527$338
33 years$2,382$1,644$1,108$733$477$300
34 years$2,287$1,558$1,036$674$432$267
35 years$2,197$1,478$968$621$391$238
36 years$2,112$1,403$906$572$355$212
37 years$2,033$1,332$848$527$321$189
38 years$1,957$1,266$794$486$291$168
39 years$1,886$1,204$744$448$264$150
40 years$1,818$1,146$697$413$240$133
41 years$1,754$1,090$654$381$217$119
42 years$1,693$1,038$613$352$197$106
43 years$1,635$989$575$325$179$94
44 years$1,580$943$540$300$163$84
45 years$1,528$899$507$277$148$75
46 years$1,478$858$476$256$134$67
47 years$1,430$819$448$236$122$60
48 years$1,384$782$421$218$110$53
49 years$1,340$746$395$202$100$47
50 years$1,299$713$372$186$91$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,330,000, adding $5,451 every year, while hoping to spend $52,938 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: 62/13/25 Blend
73$1,330,000$1,330,000$1,330,000$1,330,000
74$1,471,283$1,400,793$1,380,178$1,552,430
75$1,565,028$1,413,106$1,370,088$1,620,384
76$1,666,561$1,424,248$1,357,886$1,688,261
77$1,776,620$1,434,106$1,343,445$1,761,213
78$1,896,018$1,442,560$1,326,633$1,839,747
79$2,025,646$1,449,480$1,307,310$1,924,417
80$2,166,488$1,454,731$1,285,331$2,015,840
81$2,319,625$1,458,167$1,260,544$2,114,695
82$2,486,244$1,459,635$1,232,790$2,221,731
83$2,667,653$1,458,970$1,201,901$2,337,778
84$2,865,293$1,455,998$1,167,704$2,463,750
85$3,080,746$1,450,536$1,130,015$2,600,656
86$3,315,757$1,442,386$1,088,645$2,749,613
87$3,572,242$1,431,341$1,043,393$2,911,850
88$3,852,315$1,417,181$994,051$3,088,728
89$4,158,300$1,399,672$940,400$3,281,747
90$4,492,757$1,378,566$882,214$3,492,562
91$4,858,502$1,353,600$819,252$3,723,003
92$5,258,640$1,324,497$751,268$3,975,086
93$5,696,586$1,290,962$678,000$4,251,038
94$6,176,101$1,252,682$599,176$4,553,318
95$6,701,329$1,209,329$514,514$4,884,637
96$7,276,830$1,160,552$423,716$5,247,989
97$7,907,630$1,105,982$326,474$5,646,675
98$8,599,261$1,045,228$222,464$6,084,340
99$9,357,818$977,877$111,348$6,565,005
100$10,190,013$903,490$0$7,093,104