Can I retire at age 74 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$65,650$65,066$64,495$63,938$63,394$62,916
2 years$32,500$31,895$31,308$30,740$30,188$29,705
3 years$21,452$20,844$20,259$19,695$19,152$18,681
4 years$15,928$15,322$14,743$14,189$13,660$13,203
5 years$12,615$12,013$11,441$10,899$10,384$9,943
6 years$10,407$9,809$9,246$8,716$8,216$7,792
7 years$8,831$8,238$7,684$7,166$6,682$6,275
8 years$7,649$7,061$6,516$6,011$5,543$5,153
9 years$6,730$6,148$5,613$5,120$4,668$4,294
10 years$5,996$5,419$4,893$4,414$3,978$3,620
11 years$5,395$4,825$4,308$3,841$3,421$3,079
12 years$4,895$4,330$3,823$3,369$2,965$2,639
13 years$4,472$3,913$3,416$2,975$2,585$2,275
14 years$4,110$3,557$3,069$2,640$2,266$1,971
15 years$3,796$3,249$2,771$2,355$1,995$1,715
16 years$3,522$2,981$2,512$2,108$1,763$1,498
17 years$3,281$2,746$2,286$1,894$1,564$1,312
18 years$3,066$2,537$2,087$1,707$1,390$1,152
19 years$2,874$2,351$1,910$1,543$1,239$1,013
20 years$2,702$2,185$1,753$1,397$1,107$894
21 years$2,546$2,035$1,613$1,268$990$789
22 years$2,405$1,900$1,486$1,153$888$698
23 years$2,276$1,777$1,372$1,050$797$618
24 years$2,158$1,665$1,269$958$716$548
25 years$2,050$1,562$1,176$875$645$487
26 years$1,950$1,468$1,090$800$581$432
27 years$1,857$1,382$1,012$732$523$384
28 years$1,772$1,302$941$671$472$342
29 years$1,692$1,228$876$615$427$304
30 years$1,618$1,160$816$564$385$271
31 years$1,549$1,097$761$518$348$241
32 years$1,484$1,038$710$476$315$215
33 years$1,424$983$663$438$285$192
34 years$1,367$931$619$403$258$171
35 years$1,313$883$579$371$234$153
36 years$1,263$838$541$342$212$136
37 years$1,215$796$507$315$192$122
38 years$1,170$757$475$290$174$109
39 years$1,127$720$445$268$158$97
40 years$1,087$685$417$247$143$87
41 years$1,049$652$391$228$130$77
42 years$1,012$621$367$210$118$69
43 years$978$591$344$194$107$62
44 years$945$564$323$179$97$55
45 years$913$538$303$165$88$49
46 years$883$513$285$153$80$44
47 years$855$489$268$141$73$39
48 years$827$467$251$130$66$35
49 years$801$446$236$121$60$32
50 years$776$426$222$111$54$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $795,000, adding $5,763 every year, while hoping to spend $46,786 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: 37/50/13 Blend
73$795,000$795,000$795,000$795,000
74$882,035$839,900$827,577$910,961
75$922,222$831,275$805,521$923,571
76$964,941$820,659$781,158$932,253
77$1,010,399$807,906$754,361$940,606
78$1,058,826$792,859$724,998$948,626
79$1,110,471$775,355$692,931$956,309
80$1,165,610$755,217$658,014$963,656
81$1,224,541$732,262$620,096$970,672
82$1,287,594$706,292$579,020$977,367
83$1,355,130$677,103$534,619$983,759
84$1,427,546$644,473$486,721$989,869
85$1,505,275$608,171$435,145$995,731
86$1,588,794$567,953$379,703$1,001,384
87$1,678,626$523,558$320,199$1,006,879
88$1,775,346$474,712$256,426$1,012,280
89$1,879,585$421,127$188,170$1,017,662
90$1,992,036$362,495$115,206$1,023,119
91$2,113,459$298,493$37,302$1,028,758
92$2,244,693$228,780$0$1,034,711
93$2,386,655$152,994$0$1,047,485
94$2,540,357$70,754$0$1,066,835
95$2,706,910$0$0$1,087,823
96$2,887,536$0$0$1,120,815
97$3,083,578$0$0$1,198,968
98$3,296,514$0$0$1,283,953
99$3,527,969$0$0$1,376,432
100$3,779,732$0$0$1,477,131