Can I retire at age 74 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$66,063$65,475$64,901$64,340$63,793$63,471
2 years$32,705$32,095$31,505$30,933$30,378$30,053
3 years$21,586$20,975$20,386$19,819$19,273$18,955
4 years$16,029$15,419$14,836$14,278$13,746$13,437
5 years$12,695$12,088$11,513$10,967$10,449$10,151
6 years$10,473$9,871$9,304$8,771$8,268$7,981
7 years$8,886$8,290$7,732$7,211$6,724$6,448
8 years$7,697$7,106$6,557$6,049$5,578$5,313
9 years$6,773$6,187$5,648$5,152$4,698$4,443
10 years$6,033$5,453$4,924$4,441$4,003$3,759
11 years$5,429$4,855$4,335$3,865$3,442$3,210
12 years$4,926$4,357$3,847$3,390$2,983$2,761
13 years$4,500$3,938$3,437$2,993$2,601$2,389
14 years$4,136$3,579$3,088$2,657$2,280$2,078
15 years$3,820$3,270$2,788$2,370$2,008$1,816
16 years$3,544$3,000$2,528$2,122$1,775$1,592
17 years$3,301$2,763$2,300$1,906$1,573$1,400
18 years$3,085$2,553$2,100$1,718$1,399$1,234
19 years$2,892$2,366$1,922$1,552$1,247$1,091
20 years$2,719$2,199$1,764$1,406$1,114$966
21 years$2,562$2,048$1,623$1,276$997$857
22 years$2,420$1,912$1,496$1,160$893$762
23 years$2,290$1,788$1,381$1,057$802$678
24 years$2,172$1,675$1,277$964$721$603
25 years$2,063$1,572$1,183$880$649$538
26 years$1,962$1,478$1,097$805$584$480
27 years$1,869$1,391$1,019$737$527$429
28 years$1,783$1,310$947$675$475$383
29 years$1,703$1,236$881$619$429$343
30 years$1,628$1,167$821$568$388$307
31 years$1,559$1,104$765$522$351$275
32 years$1,494$1,044$714$479$317$246
33 years$1,433$989$667$441$287$221
34 years$1,375$937$623$406$260$198
35 years$1,321$889$582$373$235$177
36 years$1,271$844$545$344$213$159
37 years$1,223$801$510$317$193$143
38 years$1,177$762$478$292$175$128
39 years$1,134$724$447$269$159$115
40 years$1,094$689$419$248$144$103
41 years$1,055$656$393$229$131$93
42 years$1,019$625$369$211$119$83
43 years$984$595$346$195$108$75
44 years$951$567$325$180$98$67
45 years$919$541$305$166$89$60
46 years$889$516$287$154$81$54
47 years$860$492$269$142$73$49
48 years$833$470$253$131$66$44
49 years$806$449$238$121$60$39
50 years$781$429$224$112$55$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $800,000, adding $2,248 every year, while hoping to spend $24,500 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: 84/10/6 Blend
73$800,000$800,000$800,000$800,000
74$883,919$841,519$829,119$957,700
75$948,011$856,685$830,826$1,021,354
76$1,017,819$871,774$831,770$1,087,691
77$1,093,900$886,755$831,899$1,159,776
78$1,176,869$901,596$831,158$1,238,170
79$1,267,398$916,264$829,490$1,323,491
80$1,366,233$930,720$826,838$1,416,417
81$1,474,189$944,926$823,138$1,517,700
82$1,592,168$958,839$818,325$1,628,163
83$1,721,161$972,414$812,330$1,748,716
84$1,862,258$985,601$805,082$1,880,358
85$2,016,662$998,349$796,506$2,024,193
86$2,185,695$1,010,602$786,522$2,181,433
87$2,370,815$1,022,300$775,050$2,353,418
88$2,573,625$1,033,380$762,001$2,541,619
89$2,795,893$1,043,775$747,287$2,747,660
90$3,039,566$1,053,410$730,812$2,973,329
91$3,306,785$1,062,211$712,477$3,220,595
92$3,599,911$1,070,094$692,180$3,491,630
93$3,921,546$1,076,972$669,812$3,788,824
94$4,274,552$1,082,752$645,259$4,114,811
95$4,662,084$1,087,335$618,403$4,472,495
96$5,087,618$1,090,616$589,121$4,865,073
97$5,554,982$1,092,482$557,283$5,296,069
98$6,068,392$1,092,816$522,754$5,769,367
99$6,632,494$1,091,490$485,392$6,289,244
100$7,252,406$1,088,370$445,050$6,860,415