Can I retire at age 74 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$66,476$65,884$65,306$64,742$64,192$62,564
2 years$32,909$32,296$31,702$31,126$30,568$28,938
3 years$21,721$21,106$20,513$19,943$19,393$17,813
4 years$16,129$15,515$14,928$14,368$13,831$12,313
5 years$12,774$12,164$11,585$11,036$10,514$9,061
6 years$10,538$9,933$9,362$8,825$8,320$6,934
7 years$8,942$8,342$7,780$7,256$6,766$5,448
8 years$7,745$7,150$6,598$6,087$5,613$4,361
9 years$6,815$6,226$5,683$5,185$4,727$3,541
10 years$6,071$5,488$4,955$4,469$4,028$2,906
11 years$5,463$4,885$4,362$3,889$3,464$2,404
12 years$4,956$4,385$3,871$3,412$3,002$2,003
13 years$4,528$3,963$3,459$3,012$2,618$1,678
14 years$4,162$3,602$3,108$2,674$2,295$1,411
15 years$3,844$3,290$2,806$2,384$2,020$1,191
16 years$3,566$3,019$2,544$2,135$1,786$1,009
17 years$3,322$2,780$2,315$1,918$1,583$856
18 years$3,105$2,569$2,113$1,729$1,408$728
19 years$2,910$2,381$1,934$1,562$1,255$620
20 years$2,736$2,213$1,775$1,415$1,121$529
21 years$2,578$2,061$1,633$1,284$1,003$452
22 years$2,435$1,924$1,505$1,167$899$387
23 years$2,305$1,799$1,390$1,063$807$331
24 years$2,185$1,686$1,285$970$725$284
25 years$2,075$1,582$1,190$886$653$243
26 years$1,974$1,487$1,104$810$588$209
27 years$1,881$1,399$1,025$741$530$179
28 years$1,794$1,319$953$679$478$154
29 years$1,714$1,244$887$623$432$132
30 years$1,639$1,175$826$572$390$113
31 years$1,569$1,110$770$525$353$97
32 years$1,503$1,051$719$482$319$84
33 years$1,442$995$671$444$289$72
34 years$1,384$943$627$408$261$62
35 years$1,330$895$586$376$237$53
36 years$1,279$849$548$346$215$46
37 years$1,230$806$513$319$194$39
38 years$1,185$766$481$294$176$34
39 years$1,141$729$450$271$160$29
40 years$1,101$693$422$250$145$25
41 years$1,062$660$396$231$132$22
42 years$1,025$629$371$213$119$19
43 years$990$599$348$196$108$16
44 years$956$571$327$181$98$14
45 years$925$544$307$168$89$12
46 years$894$519$288$155$81$10
47 years$865$496$271$143$74$9
48 years$838$473$255$132$67$8
49 years$811$452$239$122$61$6
50 years$786$432$225$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $805,000, adding $2,019 every year, while hoping to spend $36,597 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: 45/26/29 Blend
73$805,000$805,000$805,000$805,000
74$889,193$846,528$834,050$921,668
75$940,951$849,069$823,052$947,535
76$996,763$850,507$810,459$971,914
77$1,057,002$850,752$796,178$997,660
78$1,122,080$849,703$780,114$1,024,921
79$1,192,451$847,256$762,166$1,053,863
80$1,268,610$843,301$742,228$1,084,671
81$1,351,105$837,720$720,190$1,117,551
82$1,440,538$830,388$695,936$1,152,732
83$1,537,568$821,173$669,346$1,190,471
84$1,642,924$809,934$640,293$1,231,051
85$1,757,405$796,523$608,645$1,274,790
86$1,881,890$780,782$574,264$1,322,039
87$2,017,347$762,545$537,006$1,373,189
88$2,164,841$741,634$496,721$1,428,676
89$2,325,544$717,863$453,250$1,488,982
90$2,500,745$691,034$406,429$1,554,643
91$2,691,863$660,938$356,087$1,626,256
92$2,900,461$627,351$302,044$1,704,479
93$3,128,258$590,041$244,112$1,790,046
94$3,377,146$548,759$182,096$1,883,770
95$3,649,210$503,243$115,791$1,986,551
96$3,946,744$453,217$44,984$2,099,388
97$4,272,273$398,386$0$2,223,387
98$4,628,580$338,442$0$2,369,234
99$5,018,727$273,057$0$2,544,296
100$5,446,087$201,887$0$2,736,215