Can I retire at age 74 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$65,898$65,311$64,738$64,179$63,634$63,339
2 years$32,623$32,015$31,426$30,856$30,302$30,004
3 years$21,533$20,922$20,335$19,769$19,225$18,934
4 years$15,988$15,380$14,799$14,243$13,711$13,429
5 years$12,663$12,058$11,484$10,940$10,423$10,150
6 years$10,447$9,846$9,281$8,749$8,247$7,984
7 years$8,864$8,269$7,713$7,193$6,707$6,454
8 years$7,678$7,088$6,541$6,034$5,564$5,321
9 years$6,756$6,171$5,634$5,139$4,686$4,453
10 years$6,018$5,440$4,912$4,430$3,993$3,770
11 years$5,415$4,843$4,324$3,856$3,434$3,220
12 years$4,913$4,347$3,838$3,382$2,976$2,772
13 years$4,489$3,928$3,429$2,986$2,595$2,400
14 years$4,125$3,570$3,081$2,650$2,275$2,089
15 years$3,811$3,262$2,781$2,364$2,003$1,826
16 years$3,535$2,993$2,522$2,116$1,770$1,602
17 years$3,293$2,756$2,295$1,902$1,569$1,410
18 years$3,078$2,547$2,095$1,714$1,395$1,244
19 years$2,885$2,360$1,918$1,548$1,244$1,100
20 years$2,712$2,193$1,760$1,402$1,111$975
21 years$2,556$2,043$1,619$1,273$994$866
22 years$2,414$1,907$1,492$1,157$891$770
23 years$2,285$1,784$1,378$1,054$800$685
24 years$2,166$1,671$1,274$961$719$611
25 years$2,057$1,568$1,180$878$647$545
26 years$1,957$1,474$1,094$803$583$487
27 years$1,864$1,387$1,016$735$525$435
28 years$1,779$1,307$945$673$474$389
29 years$1,699$1,233$879$617$428$349
30 years$1,624$1,165$819$567$387$312
31 years$1,555$1,101$763$520$350$280
32 years$1,490$1,042$712$478$316$251
33 years$1,429$986$665$440$286$225
34 years$1,372$935$621$405$259$202
35 years$1,318$887$581$372$235$181
36 years$1,267$842$543$343$213$163
37 years$1,220$799$509$316$193$146
38 years$1,174$760$476$291$175$131
39 years$1,132$722$446$269$159$118
40 years$1,091$687$418$248$144$106
41 years$1,053$654$392$229$130$95
42 years$1,016$623$368$211$118$86
43 years$981$594$345$195$107$77
44 years$948$566$324$180$98$69
45 years$917$540$304$166$89$62
46 years$887$515$286$153$80$56
47 years$858$491$269$142$73$50
48 years$830$469$252$131$66$45
49 years$804$448$237$121$60$41
50 years$779$428$223$112$55$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $798,000, adding $5,765 every year, while hoping to spend $42,495 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: 59/19/22 Blend
73$798,000$798,000$798,000$798,000
74$885,343$843,049$830,680$932,075
75$930,433$839,144$813,293$960,592
76$978,699$833,623$793,900$986,573
77$1,030,418$826,363$772,388$1,013,975
78$1,085,898$817,232$748,640$1,042,944
79$1,145,473$806,090$722,533$1,073,642
80$1,209,513$792,789$693,939$1,106,251
81$1,278,421$777,174$662,724$1,140,972
82$1,352,643$759,079$628,748$1,178,030
83$1,432,666$738,327$591,864$1,217,673
84$1,519,026$714,732$551,919$1,260,177
85$1,612,311$688,099$508,754$1,305,852
86$1,713,170$658,219$462,200$1,355,037
87$1,822,312$624,871$412,083$1,408,112
88$1,940,521$587,823$358,221$1,465,497
89$2,068,656$546,828$300,423$1,527,659
90$2,207,662$501,625$238,490$1,595,116
91$2,358,579$451,940$172,214$1,668,441
92$2,522,549$397,481$101,379$1,748,271
93$2,700,832$337,940$25,758$1,835,312
94$2,894,810$272,993$0$1,930,343
95$3,106,007$202,295$0$2,047,129
96$3,336,098$125,486$0$2,181,022
97$3,586,926$42,180$0$2,327,091
98$3,860,521$0$0$2,486,574
99$4,159,115$0$0$2,670,878
100$4,485,169$0$0$2,881,823