Can I retire at age 74 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$70,027$69,403$68,795$68,201$67,621$67,054
2 years$34,667$34,021$33,395$32,789$32,200$31,629
3 years$22,882$22,233$21,609$21,008$20,429$19,871
4 years$16,990$16,344$15,726$15,135$14,570$14,030
5 years$13,456$12,814$12,204$11,625$11,076$10,555
6 years$11,101$10,463$9,863$9,297$8,764$8,263
7 years$9,419$8,787$8,196$7,643$7,128$6,646
8 years$8,159$7,532$6,951$6,412$5,913$5,452
9 years$7,179$6,558$5,987$5,461$4,980$4,538
10 years$6,395$5,781$5,219$4,708$4,243$3,821
11 years$5,755$5,146$4,595$4,097$3,649$3,246
12 years$5,221$4,619$4,078$3,594$3,162$2,779
13 years$4,770$4,174$3,643$3,173$2,757$2,392
14 years$4,384$3,794$3,274$2,816$2,417$2,070
15 years$4,049$3,466$2,956$2,512$2,128$1,799
16 years$3,757$3,180$2,680$2,249$1,881$1,568
17 years$3,499$2,929$2,438$2,021$1,668$1,372
18 years$3,270$2,706$2,226$1,821$1,483$1,203
19 years$3,066$2,508$2,038$1,646$1,322$1,057
20 years$2,882$2,331$1,870$1,490$1,181$931
21 years$2,716$2,171$1,720$1,353$1,057$821
22 years$2,565$2,026$1,585$1,230$947$725
23 years$2,428$1,895$1,464$1,120$850$641
24 years$2,302$1,776$1,354$1,022$764$568
25 years$2,186$1,667$1,254$933$688$503
26 years$2,080$1,566$1,163$853$619$446
27 years$1,981$1,474$1,080$781$558$396
28 years$1,890$1,389$1,004$715$504$352
29 years$1,805$1,310$934$656$455$312
30 years$1,726$1,237$870$602$411$278
31 years$1,652$1,170$811$553$372$247
32 years$1,583$1,107$757$508$336$220
33 years$1,519$1,048$707$467$304$196
34 years$1,458$993$660$430$275$174
35 years$1,401$942$617$396$250$155
36 years$1,347$894$578$365$226$138
37 years$1,296$849$541$336$205$123
38 years$1,248$807$506$310$186$110
39 years$1,202$768$474$285$168$98
40 years$1,159$730$445$263$153$87
41 years$1,118$695$417$243$139$78
42 years$1,080$662$391$224$126$70
43 years$1,043$631$367$207$114$62
44 years$1,008$601$344$191$104$55
45 years$974$573$323$176$94$49
46 years$942$547$304$163$85$44
47 years$912$522$285$151$78$39
48 years$882$498$268$139$70$35
49 years$855$476$252$129$64$31
50 years$828$455$237$119$58$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $848,000, adding $3,809 every year, while hoping to spend $21,389 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: 78/7/15 Blend
73$848,000$848,000$848,000$848,000
74$938,425$893,481$880,337$1,008,369
75$1,011,387$914,504$887,071$1,076,021
76$1,091,073$935,840$893,313$1,147,114
77$1,178,149$957,482$899,025$1,224,500
78$1,273,343$979,422$904,165$1,308,800
79$1,377,461$1,001,650$908,691$1,400,699
80$1,491,387$1,024,156$912,557$1,500,948
81$1,616,096$1,046,927$915,716$1,610,379
82$1,752,662$1,069,951$918,117$1,729,904
83$1,902,267$1,093,212$919,707$1,860,532
84$2,066,213$1,116,694$920,432$2,003,371
85$2,245,934$1,140,379$920,234$2,159,644
86$2,443,009$1,164,248$919,051$2,330,697
87$2,659,177$1,188,277$916,821$2,518,014
88$2,896,354$1,212,444$913,475$2,723,229
89$3,156,651$1,236,722$908,945$2,948,145
90$3,442,391$1,261,083$903,157$3,194,744
91$3,756,135$1,285,496$896,033$3,465,215
92$4,100,704$1,309,929$887,492$3,761,966
93$4,479,204$1,334,343$877,452$4,087,653
94$4,895,058$1,358,702$865,822$4,445,200
95$5,352,037$1,382,961$852,510$4,837,833
96$5,854,295$1,407,076$837,419$5,269,102
97$6,406,408$1,430,998$820,448$5,742,923
98$7,013,419$1,454,674$801,490$6,263,609
99$7,680,881$1,478,047$780,434$6,835,914
100$8,414,916$1,501,056$757,163$7,465,076