Can I retire at age 74 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$137,081$135,860$134,669$133,506$132,371$129,857
2 years$67,862$66,598$65,373$64,186$63,034$60,511
3 years$44,792$43,523$42,301$41,124$39,991$37,538
4 years$33,259$31,994$30,784$29,628$28,522$26,158
5 years$26,341$25,083$23,890$22,757$21,682$19,413
6 years$21,731$20,483$19,306$18,199$17,156$14,985
7 years$18,439$17,201$16,044$14,962$13,953$11,880
8 years$15,971$14,745$13,606$12,552$11,575$9,600
9 years$14,053$12,838$11,719$10,691$9,748$7,869
10 years$12,519$11,316$10,217$9,216$8,306$6,522
11 years$11,265$10,074$8,995$8,021$7,143$5,452
12 years$10,221$9,042$7,983$7,035$6,190$4,589
13 years$9,338$8,171$7,132$6,211$5,398$3,885
14 years$8,582$7,427$6,408$5,513$4,732$3,304
15 years$7,927$6,785$5,786$4,917$4,166$2,820
16 years$7,354$6,225$5,246$4,403$3,682$2,415
17 years$6,850$5,733$4,773$3,956$3,265$2,074
18 years$6,402$5,298$4,357$3,565$2,903$1,785
19 years$6,002$4,910$3,989$3,221$2,587$1,539
20 years$5,642$4,562$3,661$2,917$2,311$1,329
21 years$5,317$4,250$3,367$2,648$2,068$1,149
22 years$5,021$3,967$3,104$2,407$1,854$995
23 years$4,752$3,710$2,866$2,192$1,664$863
24 years$4,506$3,476$2,650$2,000$1,496$749
25 years$4,280$3,262$2,455$1,826$1,346$650
26 years$4,071$3,066$2,276$1,670$1,212$565
27 years$3,878$2,885$2,114$1,528$1,093$491
28 years$3,700$2,719$1,965$1,400$986$427
29 years$3,534$2,565$1,829$1,284$891$371
30 years$3,379$2,422$1,703$1,179$805$323
31 years$3,235$2,290$1,588$1,082$728$282
32 years$3,099$2,167$1,482$995$658$245
33 years$2,973$2,052$1,383$915$596$214
34 years$2,854$1,945$1,293$842$539$186
35 years$2,742$1,845$1,208$775$488$162
36 years$2,636$1,751$1,131$714$443$141
37 years$2,537$1,663$1,058$657$401$123
38 years$2,443$1,580$991$606$364$107
39 years$2,354$1,503$928$559$330$94
40 years$2,269$1,430$870$515$299$82
41 years$2,189$1,361$816$475$271$71
42 years$2,113$1,296$765$439$246$62
43 years$2,041$1,235$718$405$223$54
44 years$1,972$1,177$674$374$203$47
45 years$1,907$1,123$633$345$184$41
46 years$1,844$1,071$595$319$167$36
47 years$1,785$1,022$559$295$152$31
48 years$1,727$976$525$272$138$27
49 years$1,673$932$493$252$125$24
50 years$1,621$890$464$233$114$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,660,000, adding $3,033 every year, while hoping to spend $24,409 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: 69/9/22 Blend
73$1,660,000$1,660,000$1,660,000$1,660,000
74$1,832,449$1,744,469$1,718,739$1,948,585
75$1,993,387$1,803,977$1,750,345$2,086,155
76$2,169,924$1,865,582$1,782,193$2,233,514
77$2,363,623$1,929,363$1,814,263$2,394,182
78$2,576,209$1,995,398$1,846,538$2,569,473
79$2,809,581$2,063,772$1,878,996$2,760,833
80$3,065,831$2,134,569$1,911,615$2,969,857
81$3,347,263$2,207,880$1,944,371$3,198,300
82$3,656,416$2,283,798$1,977,239$3,448,095
83$3,996,086$2,362,420$2,010,192$3,721,372
84$4,369,354$2,443,846$2,043,201$4,020,476
85$4,779,614$2,528,179$2,076,234$4,347,991
86$5,230,604$2,615,530$2,109,257$4,706,762
87$5,726,445$2,706,010$2,142,237$5,099,925
88$6,271,675$2,799,737$2,175,134$5,530,933
89$6,871,294$2,896,832$2,207,909$6,003,590
90$7,530,811$2,997,422$2,240,519$6,522,089
91$8,256,296$3,101,638$2,272,919$7,091,046
92$9,054,437$3,209,617$2,305,060$7,715,549
93$9,932,602$3,321,501$2,336,893$8,401,203
94$10,898,910$3,437,438$2,368,361$9,154,183
95$11,962,307$3,557,581$2,399,410$9,981,292
96$13,132,649$3,682,089$2,429,977$10,890,027
97$14,420,798$3,811,129$2,459,999$11,888,646
98$15,838,718$3,944,874$2,489,409$12,986,252
99$17,399,598$4,083,503$2,518,134$14,192,869
100$19,117,964$4,227,202$2,546,099$15,519,548