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%13.8%
1 years$156,074$154,684$153,328$152,004$150,711$148,337
2 years$77,265$75,826$74,431$73,079$71,767$69,381
3 years$50,998$49,553$48,162$46,822$45,532$43,208
4 years$37,867$36,427$35,049$33,733$32,474$30,231
5 years$29,991$28,559$27,200$25,910$24,686$22,530
6 years$24,742$23,320$21,981$20,720$19,533$17,467
7 years$20,994$19,585$18,267$17,035$15,886$13,909
8 years$18,184$16,788$15,492$14,291$13,179$11,292
9 years$16,000$14,617$13,343$12,172$11,098$9,301
10 years$14,254$12,884$11,633$10,493$9,456$7,746
11 years$12,826$11,470$10,241$9,132$8,133$6,508
12 years$11,637$10,295$9,089$8,010$7,048$5,507
13 years$10,632$9,303$8,120$7,071$6,146$4,686
14 years$9,771$8,456$7,296$6,277$5,387$4,007
15 years$9,025$7,725$6,587$5,598$4,743$3,439
16 years$8,373$7,088$5,972$5,013$4,192$2,962
17 years$7,799$6,527$5,435$4,504$3,717$2,558
18 years$7,289$6,032$4,961$4,059$3,305$2,214
19 years$6,833$5,590$4,542$3,667$2,946$1,920
20 years$6,424$5,195$4,168$3,322$2,631$1,668
21 years$6,053$4,839$3,834$3,015$2,355$1,452
22 years$5,717$4,517$3,534$2,741$2,111$1,265
23 years$5,411$4,224$3,263$2,496$1,895$1,103
24 years$5,130$3,958$3,017$2,277$1,703$963
25 years$4,873$3,714$2,795$2,079$1,532$842
26 years$4,635$3,491$2,592$1,901$1,380$736
27 years$4,416$3,285$2,407$1,740$1,245$644
28 years$4,212$3,096$2,237$1,594$1,123$564
29 years$4,023$2,920$2,082$1,462$1,014$494
30 years$3,847$2,758$1,939$1,342$916$432
31 years$3,683$2,607$1,808$1,232$828$379
32 years$3,529$2,467$1,687$1,133$749$332
33 years$3,385$2,336$1,575$1,041$678$291
34 years$3,249$2,214$1,472$958$614$256
35 years$3,122$2,100$1,376$882$556$224
36 years$3,002$1,993$1,287$812$504$197
37 years$2,888$1,893$1,205$749$457$173
38 years$2,781$1,799$1,128$690$414$152
39 years$2,680$1,711$1,057$636$375$133
40 years$2,584$1,628$991$587$341$117
41 years$2,493$1,550$929$541$309$103
42 years$2,406$1,476$871$500$280$90
43 years$2,324$1,406$818$461$254$79
44 years$2,246$1,340$768$426$231$70
45 years$2,171$1,278$721$393$210$61
46 years$2,100$1,219$677$363$190$54
47 years$2,032$1,164$636$336$173$47
48 years$1,967$1,111$598$310$157$41
49 years$1,905$1,061$562$287$143$36
50 years$1,845$1,013$528$265$129$32

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 $6,633 every year, while hoping to spend $21,379 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: 75/10/15 Blend
73$1,890,000$1,890,000$1,890,000$1,890,000
74$2,089,622$1,989,452$1,960,157$2,239,048
75$2,280,016$2,064,188$2,003,075$2,413,459
76$2,489,114$2,141,870$2,046,714$2,601,255
77$2,718,801$2,222,618$2,091,077$2,806,503
78$2,971,154$2,306,562$2,136,163$3,030,933
79$3,248,460$2,393,832$2,181,973$3,276,451
80$3,553,240$2,484,567$2,228,506$3,545,154
81$3,888,271$2,578,911$2,275,762$3,839,352
82$4,256,613$2,677,015$2,323,737$4,161,589
83$4,661,634$2,779,036$2,372,429$4,514,667
84$5,107,050$2,885,138$2,421,835$4,901,672
85$5,596,951$2,995,491$2,471,948$5,326,001
86$6,135,844$3,110,275$2,522,763$5,791,400
87$6,728,697$3,229,675$2,574,272$6,301,990
88$7,380,981$3,353,887$2,626,467$6,862,314
89$8,098,726$3,483,112$2,679,339$7,477,375
90$8,888,575$3,617,563$2,732,875$8,152,684
91$9,757,847$3,757,461$2,787,064$8,894,312
92$10,714,609$3,903,038$2,841,892$9,708,948
93$11,767,746$4,054,533$2,897,342$10,603,958
94$12,927,050$4,212,200$2,953,398$11,587,461
95$14,203,312$4,376,301$3,010,039$12,668,398
96$15,608,421$4,547,110$3,067,246$13,856,622
97$17,155,476$4,724,915$3,124,995$15,162,986
98$18,858,913$4,910,014$3,183,261$16,599,449
99$20,734,638$5,102,721$3,242,017$18,179,186
100$22,800,179$5,303,362$3,301,232$19,916,713