Can I retire at age 74 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$156,074$154,684$153,328$152,004$150,711$149,075
2 years$77,265$75,826$74,431$73,079$71,767$70,120
3 years$50,998$49,553$48,162$46,822$45,532$43,925
4 years$37,867$36,427$35,049$33,733$32,474$30,919
5 years$29,991$28,559$27,200$25,910$24,686$23,188
6 years$24,742$23,320$21,981$20,720$19,533$18,094
7 years$20,994$19,585$18,267$17,035$15,886$14,505
8 years$18,184$16,788$15,492$14,291$13,179$11,858
9 years$16,000$14,617$13,343$12,172$11,098$9,836
10 years$14,254$12,884$11,633$10,493$9,456$8,252
11 years$12,826$11,470$10,241$9,132$8,133$6,985
12 years$11,637$10,295$9,089$8,010$7,048$5,956
13 years$10,632$9,303$8,120$7,071$6,146$5,108
14 years$9,771$8,456$7,296$6,277$5,387$4,402
15 years$9,025$7,725$6,587$5,598$4,743$3,810
16 years$8,373$7,088$5,972$5,013$4,192$3,308
17 years$7,799$6,527$5,435$4,504$3,717$2,881
18 years$7,289$6,032$4,961$4,059$3,305$2,516
19 years$6,833$5,590$4,542$3,667$2,946$2,201
20 years$6,424$5,195$4,168$3,322$2,631$1,930
21 years$6,053$4,839$3,834$3,015$2,355$1,694
22 years$5,717$4,517$3,534$2,741$2,111$1,490
23 years$5,411$4,224$3,263$2,496$1,895$1,311
24 years$5,130$3,958$3,017$2,277$1,703$1,156
25 years$4,873$3,714$2,795$2,079$1,532$1,019
26 years$4,635$3,491$2,592$1,901$1,380$900
27 years$4,416$3,285$2,407$1,740$1,245$795
28 years$4,212$3,096$2,237$1,594$1,123$703
29 years$4,023$2,920$2,082$1,462$1,014$621
30 years$3,847$2,758$1,939$1,342$916$550
31 years$3,683$2,607$1,808$1,232$828$487
32 years$3,529$2,467$1,687$1,133$749$431
33 years$3,385$2,336$1,575$1,041$678$382
34 years$3,249$2,214$1,472$958$614$338
35 years$3,122$2,100$1,376$882$556$300
36 years$3,002$1,993$1,287$812$504$266
37 years$2,888$1,893$1,205$749$457$236
38 years$2,781$1,799$1,128$690$414$209
39 years$2,680$1,711$1,057$636$375$185
40 years$2,584$1,628$991$587$341$164
41 years$2,493$1,550$929$541$309$146
42 years$2,406$1,476$871$500$280$129
43 years$2,324$1,406$818$461$254$115
44 years$2,246$1,340$768$426$231$102
45 years$2,171$1,278$721$393$210$90
46 years$2,100$1,219$677$363$190$80
47 years$2,032$1,164$636$336$173$71
48 years$1,967$1,111$598$310$157$63
49 years$1,905$1,061$562$287$143$56
50 years$1,845$1,013$528$265$129$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $1,890,000, adding $4,092 every year, while hoping to spend $56,895 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: 64/21/15 Blend
73$1,890,000$1,890,000$1,890,000$1,890,000
74$2,087,001$1,986,831$1,957,536$2,212,726
75$2,239,339$2,023,650$1,962,578$2,334,278
76$2,405,309$2,060,366$1,965,881$2,460,088
77$2,586,241$2,096,914$1,967,328$2,596,129
78$2,783,599$2,133,224$1,966,795$2,743,402
79$2,998,995$2,169,221$1,964,152$2,903,004
80$3,234,202$2,204,823$1,959,261$3,076,150
81$3,491,174$2,239,942$1,951,979$3,264,174
82$3,772,060$2,274,486$1,942,157$3,468,549
83$4,079,227$2,308,352$1,929,636$3,690,899
84$4,415,281$2,341,435$1,914,252$3,933,011
85$4,783,092$2,373,617$1,895,832$4,196,858
86$5,185,819$2,404,777$1,874,194$4,484,612
87$5,626,943$2,434,781$1,849,149$4,798,671
88$6,110,294$2,463,488$1,820,499$5,141,675
89$6,640,094$2,490,749$1,788,035$5,516,534
90$7,220,989$2,516,401$1,751,540$5,926,459
91$7,858,099$2,540,274$1,710,786$6,374,986
92$8,557,063$2,562,185$1,665,535$6,866,015
93$9,324,090$2,581,938$1,615,537$7,403,844
94$10,166,021$2,599,327$1,560,531$7,993,214
95$11,090,392$2,614,131$1,500,246$8,639,346
96$12,105,503$2,626,114$1,434,395$9,348,001
97$13,220,497$2,635,027$1,362,681$10,125,525
98$14,445,449$2,640,605$1,284,791$10,978,916
99$15,791,454$2,642,563$1,200,401$11,915,889
100$17,270,737$2,640,604$1,109,169$12,944,947