Can I retire at age 74 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$153,597$152,229$150,894$149,591$148,319$147,570
2 years$76,038$74,622$73,250$71,919$70,628$69,872
3 years$50,189$48,766$47,397$46,079$44,809$44,070
4 years$37,266$35,848$34,493$33,197$31,958$31,241
5 years$29,515$28,106$26,768$25,499$24,294$23,601
6 years$24,349$22,950$21,633$20,392$19,223$18,555
7 years$20,661$19,274$17,977$16,765$15,634$14,991
8 years$17,896$16,521$15,246$14,064$12,970$12,353
9 years$15,746$14,385$13,131$11,979$10,922$10,331
10 years$14,027$12,679$11,448$10,326$9,306$8,740
11 years$12,622$11,288$10,079$8,987$8,004$7,462
12 years$11,452$10,131$8,945$7,883$6,936$6,419
13 years$10,463$9,156$7,991$6,959$6,048$5,555
14 years$9,615$8,322$7,180$6,178$5,302$4,832
15 years$8,882$7,602$6,483$5,509$4,668$4,221
16 years$8,241$6,975$5,878$4,933$4,126$3,701
17 years$7,675$6,424$5,348$4,432$3,658$3,255
18 years$7,173$5,936$4,882$3,994$3,253$2,870
19 years$6,725$5,501$4,470$3,609$2,899$2,536
20 years$6,322$5,112$4,102$3,269$2,590$2,246
21 years$5,957$4,762$3,773$2,967$2,317$1,993
22 years$5,626$4,445$3,477$2,697$2,077$1,771
23 years$5,325$4,157$3,211$2,457$1,865$1,575
24 years$5,049$3,895$2,969$2,241$1,676$1,403
25 years$4,795$3,655$2,750$2,046$1,508$1,251
26 years$4,562$3,435$2,551$1,871$1,358$1,117
27 years$4,346$3,233$2,369$1,713$1,225$997
28 years$4,146$3,047$2,202$1,569$1,105$891
29 years$3,959$2,874$2,049$1,439$998$797
30 years$3,786$2,714$1,909$1,321$902$714
31 years$3,624$2,566$1,779$1,213$815$639
32 years$3,473$2,428$1,660$1,115$737$572
33 years$3,331$2,299$1,550$1,025$667$513
34 years$3,198$2,179$1,448$943$604$460
35 years$3,072$2,067$1,354$868$547$412
36 years$2,954$1,962$1,267$800$496$370
37 years$2,843$1,863$1,186$737$449$332
38 years$2,737$1,771$1,110$679$407$298
39 years$2,637$1,684$1,040$626$369$267
40 years$2,543$1,602$975$577$335$240
41 years$2,453$1,525$914$533$304$216
42 years$2,368$1,452$858$492$276$194
43 years$2,287$1,384$805$454$250$174
44 years$2,210$1,319$755$419$227$156
45 years$2,136$1,258$709$387$206$140
46 years$2,066$1,200$666$358$187$126
47 years$2,000$1,145$626$330$170$113
48 years$1,936$1,093$588$305$154$102
49 years$1,874$1,044$553$282$140$92
50 years$1,816$997$520$261$127$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,860,000, adding $2,483 every year, while hoping to spend $39,254 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: 31/48/21 Blend
73$1,860,000$1,860,000$1,860,000$1,860,000
74$2,052,281$1,953,701$1,924,871$2,102,433
75$2,219,848$2,007,667$1,947,588$2,194,536
76$2,403,191$2,062,961$1,969,751$2,289,904
77$2,603,878$2,119,607$1,991,299$2,391,746
78$2,823,635$2,177,629$2,012,169$2,500,651
79$3,064,363$2,237,051$2,032,294$2,617,266
80$3,328,156$2,297,895$2,051,605$2,742,303
81$3,617,320$2,360,183$2,070,025$2,876,544
82$3,934,394$2,423,940$2,087,478$3,020,852
83$4,282,175$2,489,185$2,103,881$3,176,175
84$4,663,743$2,555,942$2,119,148$3,343,558
85$5,082,492$2,624,230$2,133,187$3,524,151
86$5,542,160$2,694,071$2,145,902$3,719,219
87$6,046,863$2,765,483$2,157,192$3,930,159
88$6,601,137$2,838,485$2,166,952$4,158,505
89$7,209,977$2,913,096$2,175,070$4,405,950
90$7,878,889$2,989,332$2,181,428$4,674,356
91$8,613,935$3,067,208$2,185,905$4,965,776
92$9,421,794$3,146,739$2,188,371$5,282,472
93$10,309,827$3,227,939$2,188,691$5,626,935
94$11,286,139$3,310,818$2,186,722$6,001,910
95$12,359,663$3,395,386$2,182,315$6,410,420
96$13,540,241$3,481,652$2,175,315$6,855,799
97$14,838,714$3,569,621$2,165,556$7,341,716
98$16,267,028$3,659,298$2,152,868$7,872,219
99$17,838,346$3,750,685$2,137,070$8,451,766
100$19,567,169$3,843,780$2,117,973$9,085,269