Can I retire at age 74 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$71,679$71,040$70,417$69,809$69,216$68,578
2 years$35,484$34,824$34,183$33,562$32,960$32,318
3 years$23,421$22,758$22,119$21,504$20,911$20,284
4 years$17,391$16,729$16,097$15,492$14,914$14,307
5 years$13,774$13,116$12,492$11,899$11,337$10,752
6 years$11,363$10,710$10,095$9,516$8,971$8,408
7 years$9,642$8,994$8,389$7,824$7,296$6,756
8 years$8,351$7,710$7,115$6,563$6,052$5,535
9 years$7,348$6,713$6,128$5,590$5,097$4,602
10 years$6,546$5,917$5,342$4,819$4,343$3,870
11 years$5,890$5,268$4,703$4,194$3,735$3,284
12 years$5,344$4,728$4,174$3,679$3,237$2,807
13 years$4,883$4,273$3,729$3,248$2,823$2,414
14 years$4,487$3,884$3,351$2,883$2,474$2,086
15 years$4,145$3,548$3,025$2,571$2,178$1,810
16 years$3,846$3,255$2,743$2,302$1,925$1,576
17 years$3,582$2,998$2,496$2,068$1,707$1,377
18 years$3,348$2,770$2,278$1,864$1,518$1,205
19 years$3,138$2,567$2,086$1,684$1,353$1,058
20 years$2,950$2,386$1,914$1,525$1,208$930
21 years$2,780$2,222$1,761$1,384$1,081$819
22 years$2,626$2,074$1,623$1,259$969$722
23 years$2,485$1,940$1,498$1,146$870$638
24 years$2,356$1,818$1,386$1,046$782$564
25 years$2,238$1,706$1,283$955$704$499
26 years$2,129$1,603$1,190$873$634$442
27 years$2,028$1,509$1,105$799$572$391
28 years$1,935$1,422$1,028$732$516$347
29 years$1,848$1,341$956$671$466$308
30 years$1,767$1,267$891$616$421$273
31 years$1,691$1,197$830$566$380$243
32 years$1,621$1,133$775$520$344$216
33 years$1,554$1,073$723$478$311$192
34 years$1,492$1,017$676$440$282$170
35 years$1,434$965$632$405$255$152
36 years$1,379$915$591$373$231$135
37 years$1,327$870$553$344$210$120
38 years$1,277$826$518$317$190$107
39 years$1,231$786$485$292$172$95
40 years$1,187$748$455$269$156$85
41 years$1,145$712$427$249$142$75
42 years$1,105$678$400$229$129$67
43 years$1,067$646$376$212$117$60
44 years$1,031$616$353$196$106$53
45 years$997$587$331$181$96$47
46 years$964$560$311$167$87$42
47 years$933$534$292$154$79$38
48 years$903$510$274$142$72$33
49 years$875$487$258$132$65$30
50 years$847$465$243$122$59$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $868,000, adding $2,385 every year, while hoping to spend $22,337 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: 40/46/14 Blend
73$868,000$868,000$868,000$868,000
74$958,996$912,992$899,538$993,268
75$1,033,047$933,962$905,906$1,038,734
76$1,113,903$955,211$911,739$1,085,524
77$1,202,234$976,730$916,995$1,135,656
78$1,298,778$998,506$921,631$1,189,445
79$1,404,348$1,020,527$925,600$1,247,237
80$1,519,838$1,042,780$928,854$1,309,412
81$1,646,235$1,065,249$931,344$1,376,389
82$1,784,622$1,087,917$933,015$1,448,632
83$1,936,194$1,110,766$933,812$1,526,649
84$2,102,267$1,133,775$933,676$1,611,002
85$2,284,290$1,156,921$932,546$1,702,311
86$2,483,859$1,180,181$930,357$1,801,257
87$2,702,730$1,203,528$927,042$1,908,594
88$2,942,841$1,226,933$922,529$2,025,149
89$3,206,322$1,250,364$916,745$2,151,837
90$3,495,522$1,273,787$909,612$2,289,666
91$3,813,029$1,297,166$901,047$2,439,746
92$4,161,691$1,320,461$890,966$2,603,302
93$4,544,649$1,343,629$879,279$2,781,685
94$4,965,361$1,366,624$865,892$2,976,382
95$5,427,635$1,389,396$850,707$3,189,036
96$5,935,669$1,411,892$833,621$3,421,455
97$6,494,087$1,434,055$814,527$3,675,635
98$7,107,983$1,455,822$793,312$3,953,775
99$7,782,968$1,477,128$769,859$4,258,300
100$8,525,225$1,497,902$744,044$4,591,883