Can I retire at age 74 with 1,820,000?

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 $1,820,000?

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 years$150,294$148,955$147,649$146,374$145,129$143,913
2 years$74,403$73,017$71,674$70,372$69,109$67,884
3 years$49,109$47,718$46,378$45,088$43,846$42,649
4 years$36,465$35,077$33,751$32,483$31,271$30,112
5 years$28,880$27,501$26,192$24,950$23,772$22,653
6 years$23,825$22,457$21,167$19,953$18,810$17,734
7 years$20,216$18,859$17,590$16,405$15,297$14,264
8 years$17,511$16,166$14,918$13,761$12,691$11,701
9 years$15,407$14,075$12,849$11,722$10,687$9,740
10 years$13,726$12,407$11,202$10,104$9,106$8,201
11 years$12,351$11,045$9,862$8,794$7,832$6,968
12 years$11,206$9,913$8,752$7,713$6,787$5,963
13 years$10,238$8,959$7,820$6,810$5,918$5,134
14 years$9,409$8,143$7,026$6,045$5,188$4,443
15 years$8,691$7,439$6,343$5,391$4,568$3,860
16 years$8,063$6,825$5,751$4,827$4,037$3,366
17 years$7,510$6,286$5,233$4,337$3,579$2,944
18 years$7,019$5,808$4,777$3,908$3,183$2,581
19 years$6,580$5,383$4,373$3,532$2,837$2,269
20 years$6,186$5,002$4,014$3,199$2,534$1,997
21 years$5,829$4,659$3,692$2,903$2,268$1,762
22 years$5,505$4,349$3,403$2,639$2,033$1,556
23 years$5,210$4,068$3,142$2,404$1,825$1,376
24 years$4,940$3,811$2,906$2,192$1,640$1,218
25 years$4,692$3,577$2,691$2,002$1,476$1,079
26 years$4,464$3,362$2,496$1,831$1,329$957
27 years$4,252$3,164$2,318$1,676$1,198$850
28 years$4,056$2,981$2,155$1,535$1,081$755
29 years$3,874$2,812$2,005$1,408$976$671
30 years$3,705$2,656$1,868$1,292$882$596
31 years$3,546$2,511$1,741$1,187$798$530
32 years$3,398$2,376$1,624$1,091$722$472
33 years$3,259$2,250$1,517$1,003$653$420
34 years$3,129$2,132$1,417$923$591$374
35 years$3,006$2,022$1,325$849$535$333
36 years$2,891$1,920$1,239$782$485$297
37 years$2,781$1,823$1,160$721$440$265
38 years$2,678$1,733$1,086$664$399$236
39 years$2,581$1,648$1,018$613$362$210
40 years$2,488$1,568$954$565$328$188
41 years$2,400$1,492$895$521$297$167
42 years$2,317$1,421$839$481$270$149
43 years$2,238$1,354$787$444$245$133
44 years$2,162$1,291$739$410$222$119
45 years$2,091$1,231$694$379$202$106
46 years$2,022$1,174$652$350$183$95
47 years$1,957$1,120$612$323$166$84
48 years$1,894$1,070$575$299$151$75
49 years$1,834$1,021$541$276$137$67
50 years$1,777$976$509$255$125$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,820,000, adding $3,289 every year, while hoping to spend $56,148 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: 54/27/19 Blend
73$1,820,000$1,820,000$1,820,000$1,820,000
74$2,009,033$1,912,573$1,884,363$2,107,003
75$2,154,213$1,946,548$1,887,748$2,208,398
76$2,312,320$1,980,306$1,889,364$2,312,504
77$2,484,612$2,013,777$1,889,094$2,424,604
78$2,672,477$2,046,885$1,886,812$2,545,477
79$2,877,438$2,079,551$1,882,389$2,675,983
80$3,101,174$2,111,687$1,875,687$2,817,069
81$3,345,534$2,143,200$1,866,563$2,969,780
82$3,612,553$2,173,991$1,854,867$3,135,271
83$3,904,469$2,203,952$1,840,440$3,314,812
84$4,223,748$2,232,970$1,823,119$3,509,807
85$4,573,107$2,260,921$1,802,730$3,721,801
86$4,955,534$2,287,676$1,779,091$3,952,504
87$5,374,321$2,313,096$1,752,014$4,203,796
88$5,833,095$2,337,030$1,721,299$4,477,754
89$6,335,847$2,359,321$1,686,739$4,776,670
90$6,886,975$2,379,799$1,648,116$5,103,067
91$7,491,321$2,398,284$1,605,203$5,459,734
92$8,154,219$2,414,584$1,557,761$5,849,744
93$8,881,545$2,428,494$1,505,541$6,276,484
94$9,679,770$2,439,797$1,448,284$6,743,695
95$10,556,021$2,448,261$1,385,716$7,255,499
96$11,518,150$2,453,642$1,317,553$7,816,444
97$12,574,808$2,455,676$1,243,497$8,431,543
98$13,735,521$2,454,087$1,163,237$9,106,328
99$15,010,786$2,448,579$1,076,447$9,846,897
100$16,412,167$2,438,841$982,789$10,659,978