Can I retire at age 74 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$155,249$153,866$152,517$151,200$149,914$147,735
2 years$76,856$75,424$74,037$72,692$71,388$69,197
3 years$50,728$49,291$47,907$46,575$45,291$43,157
4 years$37,667$36,234$34,864$33,554$32,302$30,240
5 years$29,832$28,408$27,056$25,773$24,556$22,573
6 years$24,611$23,197$21,865$20,611$19,430$17,528
7 years$20,883$19,481$18,170$16,945$15,802$13,982
8 years$18,088$16,699$15,410$14,215$13,109$11,371
9 years$15,915$14,539$13,272$12,108$11,040$9,382
10 years$14,178$12,816$11,571$10,437$9,406$7,828
11 years$12,758$11,409$10,187$9,084$8,090$6,589
12 years$11,575$10,240$9,041$7,967$7,010$5,586
13 years$10,575$9,254$8,077$7,034$6,113$4,763
14 years$9,719$8,412$7,257$6,244$5,359$4,081
15 years$8,977$7,684$6,553$5,569$4,718$3,510
16 years$8,329$7,050$5,941$4,986$4,170$3,029
17 years$7,758$6,493$5,406$4,480$3,697$2,621
18 years$7,250$6,000$4,935$4,037$3,288$2,274
19 years$6,797$5,560$4,518$3,648$2,930$1,977
20 years$6,390$5,167$4,146$3,304$2,617$1,721
21 years$6,021$4,813$3,814$2,999$2,342$1,501
22 years$5,687$4,493$3,515$2,726$2,100$1,311
23 years$5,382$4,202$3,245$2,483$1,885$1,146
24 years$5,103$3,937$3,001$2,265$1,694$1,003
25 years$4,847$3,695$2,780$2,068$1,524$878
26 years$4,611$3,472$2,578$1,891$1,373$770
27 years$4,392$3,268$2,394$1,731$1,238$675
28 years$4,190$3,079$2,226$1,586$1,117$592
29 years$4,002$2,905$2,071$1,454$1,009$520
30 years$3,827$2,743$1,929$1,335$911$457
31 years$3,663$2,593$1,799$1,226$824$401
32 years$3,510$2,454$1,678$1,127$745$353
33 years$3,367$2,324$1,567$1,036$675$310
34 years$3,232$2,203$1,464$953$611$273
35 years$3,105$2,089$1,369$877$553$240
36 years$2,986$1,983$1,280$808$501$211
37 years$2,873$1,883$1,198$745$454$186
38 years$2,767$1,790$1,122$686$412$164
39 years$2,666$1,702$1,051$633$373$144
40 years$2,570$1,619$985$584$339$127
41 years$2,480$1,541$924$538$307$112
42 years$2,394$1,468$867$497$279$98
43 years$2,312$1,399$813$459$253$86
44 years$2,234$1,333$764$424$230$76
45 years$2,159$1,271$717$391$209$67
46 years$2,089$1,213$673$361$189$59
47 years$2,021$1,157$633$334$172$52
48 years$1,956$1,105$594$308$156$46
49 years$1,895$1,055$559$285$142$40
50 years$1,836$1,008$525$264$129$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,880,000, adding $4,538 every year, while hoping to spend $31,134 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: 75/5/20 Blend
73$1,880,000$1,880,000$1,880,000$1,880,000
74$2,076,441$1,976,801$1,947,661$2,222,042
75$2,255,112$2,040,538$1,979,781$2,382,934
76$2,450,963$2,106,354$2,011,934$2,554,993
77$2,665,715$2,174,320$2,044,088$2,742,788
78$2,901,262$2,244,505$2,076,208$2,947,883
79$3,159,689$2,316,984$2,108,260$3,171,998
80$3,443,294$2,391,833$2,140,203$3,417,027
81$3,754,609$2,469,132$2,171,999$3,685,060
82$4,096,420$2,548,961$2,203,602$3,978,394
83$4,471,800$2,631,405$2,234,968$4,299,564
84$4,884,132$2,716,552$2,266,047$4,651,361
85$5,337,142$2,804,491$2,296,788$5,036,858
86$5,834,936$2,895,316$2,327,136$5,459,444
87$6,382,037$2,989,125$2,357,033$5,922,848
88$6,983,428$3,086,016$2,386,417$6,431,184
89$7,644,600$3,186,093$2,415,225$6,988,980
90$8,371,601$3,289,462$2,443,386$7,601,226
91$9,171,094$3,396,236$2,470,829$8,273,422
92$10,050,421$3,506,527$2,497,478$9,011,626
93$11,017,672$3,620,455$2,523,251$9,822,513
94$12,081,759$3,738,141$2,548,064$10,713,439
95$13,252,501$3,859,713$2,571,827$11,692,507
96$14,540,719$3,985,302$2,594,447$12,768,648
97$15,958,334$4,115,044$2,615,822$13,951,701
98$17,518,481$4,249,078$2,635,849$15,252,509
99$19,235,634$4,387,550$2,654,418$16,683,019
100$21,125,740$4,530,611$2,671,412$18,256,396