Can I retire at age 74 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$65,237$64,656$64,089$63,536$62,996$62,572
2 years$32,296$31,694$31,111$30,546$29,998$29,571
3 years$21,317$20,713$20,131$19,571$19,032$18,615
4 years$15,828$15,226$14,650$14,100$13,574$13,169
5 years$12,536$11,937$11,369$10,830$10,319$9,928
6 years$10,342$9,748$9,188$8,661$8,165$7,789
7 years$8,775$8,186$7,635$7,121$6,640$6,279
8 years$7,601$7,017$6,475$5,973$5,509$5,162
9 years$6,688$6,110$5,577$5,088$4,639$4,307
10 years$5,958$5,385$4,862$4,386$3,953$3,635
11 years$5,361$4,794$4,281$3,817$3,399$3,096
12 years$4,864$4,303$3,799$3,348$2,946$2,657
13 years$4,444$3,889$3,394$2,956$2,569$2,293
14 years$4,084$3,535$3,050$2,624$2,252$1,990
15 years$3,772$3,229$2,753$2,340$1,983$1,733
16 years$3,500$2,963$2,496$2,095$1,752$1,516
17 years$3,260$2,728$2,272$1,883$1,554$1,329
18 years$3,047$2,521$2,074$1,697$1,382$1,169
19 years$2,856$2,337$1,898$1,533$1,231$1,030
20 years$2,685$2,171$1,742$1,388$1,100$910
21 years$2,530$2,022$1,603$1,260$984$805
22 years$2,390$1,888$1,477$1,146$882$713
23 years$2,262$1,766$1,364$1,043$792$632
24 years$2,144$1,654$1,261$952$712$561
25 years$2,037$1,553$1,168$869$641$499
26 years$1,938$1,459$1,083$795$577$444
27 years$1,846$1,373$1,006$727$520$395
28 years$1,761$1,294$935$666$469$352
29 years$1,682$1,221$870$611$424$314
30 years$1,608$1,153$811$561$383$280
31 years$1,539$1,090$756$515$346$250
32 years$1,475$1,031$705$473$313$223
33 years$1,415$977$658$435$283$199
34 years$1,358$926$615$401$257$178
35 years$1,305$878$575$369$232$159
36 years$1,255$833$538$340$211$142
37 years$1,207$791$504$313$191$127
38 years$1,163$752$472$288$173$114
39 years$1,120$715$442$266$157$102
40 years$1,080$680$414$245$142$91
41 years$1,042$648$388$226$129$82
42 years$1,006$617$364$209$117$73
43 years$971$588$342$193$106$65
44 years$939$560$321$178$97$58
45 years$907$534$301$164$88$52
46 years$878$510$283$152$80$47
47 years$849$486$266$140$72$42
48 years$822$464$250$130$66$38
49 years$796$443$235$120$60$34
50 years$771$424$221$111$54$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $790,000, adding $4,894 every year, while hoping to spend $55,984 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: 49/29/22 Blend
73$790,000$790,000$790,000$790,000
74$875,628$833,758$821,513$912,885
75$905,376$815,046$789,467$920,594
76$936,281$793,540$754,472$922,917
77$968,403$769,045$716,368$924,286
78$1,001,806$741,354$674,992$924,633
79$1,036,556$710,246$630,170$923,891
80$1,072,726$675,490$581,722$921,985
81$1,110,395$636,839$529,461$918,842
82$1,149,646$594,035$473,188$914,382
83$1,190,569$546,802$412,699$908,525
84$1,233,262$494,850$347,779$901,185
85$1,277,829$437,872$278,204$892,275
86$1,324,383$375,543$203,739$881,704
87$1,373,046$307,521$124,141$869,379
88$1,423,951$233,443$39,153$855,202
89$1,477,239$152,928$0$839,075
90$1,533,067$65,570$0$832,994
91$1,591,601$0$0$835,350
92$1,653,024$0$0$846,174
93$1,717,533$0$0$879,546
94$1,785,343$0$0$914,653
95$1,856,687$0$0$951,621
96$1,931,819$0$0$990,586
97$2,011,015$0$0$1,031,695
98$2,094,578$0$0$1,075,110
99$2,182,834$0$0$1,121,005
100$2,276,143$0$0$1,169,573