Can I retire at age 74 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$71,596$70,958$70,336$69,729$69,136$67,602
2 years$35,444$34,783$34,144$33,523$32,922$31,384
3 years$23,394$22,731$22,093$21,479$20,887$19,394
4 years$17,371$16,710$16,078$15,474$14,897$13,460
5 years$13,758$13,101$12,477$11,886$11,324$9,947
6 years$11,350$10,698$10,084$9,505$8,961$7,645
7 years$9,631$8,984$8,379$7,815$7,287$6,034
8 years$8,342$7,701$7,106$6,556$6,046$4,853
9 years$7,340$6,705$6,121$5,584$5,091$3,959
10 years$6,539$5,910$5,336$4,813$4,338$3,265
11 years$5,884$5,261$4,698$4,189$3,731$2,716
12 years$5,338$4,722$4,169$3,674$3,233$2,274
13 years$4,877$4,268$3,725$3,244$2,819$1,915
14 years$4,482$3,879$3,347$2,880$2,471$1,620
15 years$4,140$3,544$3,022$2,568$2,176$1,375
16 years$3,841$3,251$2,740$2,299$1,923$1,171
17 years$3,578$2,994$2,493$2,066$1,705$1,000
18 years$3,344$2,767$2,276$1,862$1,516$855
19 years$3,135$2,564$2,083$1,682$1,351$733
20 years$2,947$2,383$1,912$1,524$1,207$629
21 years$2,777$2,220$1,759$1,383$1,080$541
22 years$2,623$2,072$1,621$1,257$968$466
23 years$2,482$1,938$1,497$1,145$869$401
24 years$2,353$1,816$1,384$1,044$781$346
25 years$2,235$1,704$1,282$954$703$298
26 years$2,126$1,601$1,189$872$633$257
27 years$2,026$1,507$1,104$798$571$222
28 years$1,932$1,420$1,026$731$515$192
29 years$1,846$1,340$955$671$465$166
30 years$1,765$1,265$890$616$420$144
31 years$1,689$1,196$829$565$380$124
32 years$1,619$1,132$774$520$344$107
33 years$1,553$1,072$723$478$311$93
34 years$1,491$1,016$675$440$282$81
35 years$1,432$963$631$405$255$70
36 years$1,377$914$590$373$231$60
37 years$1,325$868$553$343$209$52
38 years$1,276$825$518$316$190$45
39 years$1,229$785$485$292$172$39
40 years$1,185$747$454$269$156$34
41 years$1,144$711$426$248$142$29
42 years$1,104$677$400$229$129$25
43 years$1,066$645$375$212$117$22
44 years$1,030$615$352$195$106$19
45 years$996$586$331$180$96$17
46 years$963$559$311$167$87$14
47 years$932$534$292$154$79$12
48 years$902$510$274$142$72$11
49 years$874$487$258$131$65$9
50 years$846$465$242$122$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $867,000, adding $5,797 every year, while hoping to spend $47,217 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: 43/48/9 Blend
73$867,000$867,000$867,000$867,000
74$961,414$915,463$902,024$1,000,010
75$1,009,239$910,082$882,003$1,022,059
76$1,060,361$902,855$859,729$1,040,684
77$1,115,064$893,641$835,077$1,059,788
78$1,173,663$882,292$807,915$1,079,434
79$1,236,503$868,651$778,106$1,099,692
80$1,303,961$852,549$745,507$1,120,644
81$1,376,451$833,811$709,968$1,142,383
82$1,454,430$812,248$671,332$1,165,017
83$1,538,396$787,662$629,436$1,188,667
84$1,628,898$759,843$584,108$1,213,472
85$1,726,539$728,569$535,170$1,239,589
86$1,831,982$693,605$482,434$1,267,195
87$1,945,955$654,702$425,705$1,296,494
88$2,069,256$611,596$364,781$1,327,712
89$2,202,766$564,010$299,446$1,361,106
90$2,347,451$511,650$229,481$1,396,965
91$2,504,373$454,203$154,651$1,435,616
92$2,674,703$391,343$74,715$1,477,425
93$2,859,725$322,721$0$1,522,802
94$3,060,854$247,971$0$1,573,226
95$3,279,645$166,705$0$1,635,919
96$3,517,810$78,515$0$1,704,304
97$3,777,232$0$0$1,779,055
98$4,059,985$0$0$1,869,922
99$4,368,349$0$0$2,014,344
100$4,704,835$0$0$2,172,039