Can I retire at age 74 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$72,092$71,449$70,823$70,211$69,614$67,332
2 years$35,689$35,024$34,380$33,755$33,150$30,872
3 years$23,556$22,889$22,246$21,627$21,031$18,830
4 years$17,491$16,826$16,190$15,581$15,000$12,891
5 years$13,853$13,191$12,564$11,968$11,403$9,393
6 years$11,428$10,772$10,153$9,571$9,023$7,113
7 years$9,697$9,046$8,437$7,869$7,338$5,528
8 years$8,399$7,754$7,156$6,601$6,087$4,377
9 years$7,390$6,751$6,163$5,623$5,126$3,513
10 years$6,584$5,951$5,373$4,847$4,368$2,849
11 years$5,924$5,298$4,730$4,218$3,757$2,329
12 years$5,375$4,755$4,198$3,700$3,255$1,916
13 years$4,911$4,297$3,751$3,266$2,839$1,584
14 years$4,513$3,906$3,370$2,900$2,488$1,315
15 years$4,169$3,568$3,043$2,586$2,191$1,095
16 years$3,868$3,274$2,759$2,315$1,936$915
17 years$3,602$3,015$2,510$2,080$1,717$766
18 years$3,367$2,786$2,292$1,875$1,527$642
19 years$3,156$2,582$2,098$1,694$1,361$539
20 years$2,967$2,399$1,925$1,534$1,215$454
21 years$2,796$2,235$1,771$1,392$1,088$382
22 years$2,641$2,086$1,632$1,266$975$322
23 years$2,499$1,951$1,507$1,153$875$271
24 years$2,370$1,828$1,394$1,052$787$229
25 years$2,251$1,716$1,291$960$708$193
26 years$2,141$1,612$1,197$878$638$163
27 years$2,040$1,517$1,112$804$575$138
28 years$1,946$1,430$1,033$736$519$117
29 years$1,858$1,349$962$675$468$99
30 years$1,777$1,274$896$620$423$83
31 years$1,701$1,204$835$569$383$71
32 years$1,630$1,140$779$523$346$60
33 years$1,563$1,079$728$481$313$51
34 years$1,501$1,023$680$443$284$43
35 years$1,442$970$636$407$257$36
36 years$1,387$921$595$375$233$31
37 years$1,334$875$556$346$211$26
38 years$1,285$831$521$319$191$22
39 years$1,238$790$488$294$173$19
40 years$1,194$752$458$271$157$16
41 years$1,151$716$429$250$143$13
42 years$1,111$682$403$231$129$11
43 years$1,073$649$378$213$118$10
44 years$1,037$619$355$197$107$8
45 years$1,003$590$333$182$97$7
46 years$970$563$313$168$88$6
47 years$938$537$294$155$80$5
48 years$908$513$276$143$73$4
49 years$880$490$259$132$66$4
50 years$852$468$244$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $873,000, adding $5,917 every year, while hoping to spend $50,481 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: 41/33/26 Blend
73$873,000$873,000$873,000$873,000
74$968,149$921,880$908,349$1,000,232
75$1,013,189$913,341$885,067$1,015,359
76$1,061,131$902,692$859,314$1,026,527
77$1,112,218$889,775$830,952$1,037,633
78$1,166,716$874,425$799,840$1,048,702
79$1,224,915$856,466$765,829$1,059,766
80$1,287,136$835,712$728,764$1,070,862
81$1,353,727$811,966$688,481$1,082,036
82$1,425,072$785,017$644,810$1,093,344
83$1,501,593$754,646$597,575$1,104,851
84$1,583,750$720,619$546,588$1,116,636
85$1,672,051$682,688$491,657$1,128,790
86$1,767,051$640,590$432,579$1,141,420
87$1,869,362$594,051$369,142$1,154,648
88$1,979,653$542,776$301,124$1,168,616
89$2,098,663$486,456$228,297$1,183,490
90$2,227,199$424,765$150,417$1,199,457
91$2,366,152$357,357$67,235$1,216,732
92$2,516,499$283,868$0$1,235,560
93$2,679,315$203,910$0$1,262,193
94$2,855,781$117,078$0$1,311,268
95$3,047,197$22,941$0$1,364,551
96$3,254,991$0$0$1,422,528
97$3,480,736$0$0$1,514,414
98$3,726,158$0$0$1,623,466
99$3,993,162$0$0$1,742,210
100$4,283,838$0$0$1,871,591