Can I retire at age 74 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$64,907$64,329$63,765$63,214$62,677$60,670
2 years$32,132$31,534$30,954$30,392$29,846$27,843
3 years$21,209$20,608$20,029$19,472$18,936$16,999
4 years$15,748$15,149$14,576$14,029$13,505$11,650
5 years$12,472$11,877$11,312$10,775$10,266$8,497
6 years$10,289$9,698$9,142$8,617$8,123$6,442
7 years$8,731$8,145$7,597$7,085$6,606$5,012
8 years$7,562$6,981$6,443$5,943$5,481$3,973
9 years$6,654$6,079$5,549$5,062$4,616$3,192
10 years$5,928$5,358$4,838$4,364$3,933$2,592
11 years$5,334$4,770$4,259$3,798$3,382$2,122
12 years$4,839$4,281$3,780$3,331$2,931$1,748
13 years$4,421$3,869$3,377$2,941$2,556$1,447
14 years$4,063$3,517$3,034$2,611$2,240$1,203
15 years$3,753$3,213$2,740$2,328$1,973$1,003
16 years$3,482$2,948$2,484$2,085$1,743$839
17 years$3,243$2,715$2,260$1,873$1,546$704
18 years$3,031$2,508$2,063$1,688$1,375$591
19 years$2,842$2,325$1,889$1,525$1,225$497
20 years$2,671$2,160$1,733$1,381$1,094$419
21 years$2,517$2,012$1,594$1,254$979$353
22 years$2,378$1,878$1,469$1,140$878$298
23 years$2,250$1,757$1,357$1,038$788$252
24 years$2,134$1,646$1,255$947$708$213
25 years$2,026$1,545$1,162$865$637$180
26 years$1,928$1,452$1,078$791$574$152
27 years$1,836$1,366$1,001$724$518$129
28 years$1,752$1,287$930$663$467$109
29 years$1,673$1,215$866$608$422$92
30 years$1,600$1,147$807$558$381$78
31 years$1,532$1,084$752$512$344$66
32 years$1,468$1,026$702$471$312$56
33 years$1,408$972$655$433$282$48
34 years$1,351$921$612$399$255$40
35 years$1,298$873$572$367$231$34
36 years$1,248$829$535$338$210$29
37 years$1,201$787$501$311$190$25
38 years$1,157$748$469$287$172$21
39 years$1,115$712$440$265$156$18
40 years$1,075$677$412$244$142$15
41 years$1,037$644$386$225$128$13
42 years$1,001$614$362$208$117$11
43 years$966$585$340$192$106$9
44 years$934$557$319$177$96$8
45 years$903$532$300$164$87$7
46 years$873$507$282$151$79$6
47 years$845$484$264$140$72$5
48 years$818$462$249$129$65$4
49 years$792$441$234$119$59$3
50 years$767$421$220$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $786,000, adding $5,863 every year, while hoping to spend $20,295 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: 69/16/15 Blend
73$786,000$786,000$786,000$786,000
74$872,220$830,562$818,379$928,986
75$939,592$849,665$824,201$986,624
76$1,013,157$869,025$829,537$1,046,695
77$1,093,523$888,632$834,351$1,111,899
78$1,181,363$908,476$838,603$1,182,741
79$1,277,417$928,545$842,250$1,259,774
80$1,382,497$948,828$845,250$1,343,609
81$1,497,502$969,310$847,556$1,434,917
82$1,623,418$989,977$849,119$1,534,440
83$1,761,332$1,010,811$849,890$1,642,994
84$1,912,441$1,031,795$849,815$1,761,477
85$2,078,064$1,052,907$848,838$1,890,881
86$2,259,654$1,074,126$846,901$2,032,296
87$2,458,809$1,095,429$843,943$2,186,926
88$2,677,291$1,116,788$839,898$2,356,095
89$2,917,040$1,138,176$834,700$2,541,264
90$3,180,193$1,159,562$828,277$2,744,042
91$3,469,105$1,180,912$820,557$2,966,201
92$3,786,368$1,202,192$811,460$3,209,697
93$4,134,840$1,223,362$800,907$3,476,681
94$4,517,668$1,244,380$788,811$3,769,527
95$4,938,317$1,265,202$775,084$4,090,849
96$5,400,608$1,285,780$759,632$4,443,529
97$5,908,748$1,306,061$742,357$4,830,744
98$6,467,373$1,325,991$723,159$5,255,992
99$7,081,589$1,345,509$701,929$5,723,130
100$7,757,024$1,364,551$678,556$6,236,408