Can I retire at age 74 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$72,835$72,186$71,553$70,935$70,332$69,453
2 years$36,057$35,385$34,734$34,103$33,491$32,607
3 years$23,799$23,125$22,475$21,850$21,248$20,386
4 years$17,671$16,999$16,356$15,742$15,154$14,321
5 years$13,996$13,327$12,693$12,091$11,520$10,718
6 years$11,546$10,883$10,258$9,670$9,116$8,345
7 years$9,797$9,139$8,524$7,950$7,413$6,675
8 years$8,486$7,834$7,229$6,669$6,150$5,444
9 years$7,467$6,821$6,227$5,680$5,179$4,505
10 years$6,652$6,012$5,429$4,897$4,413$3,771
11 years$5,985$5,353$4,779$4,262$3,795$3,184
12 years$5,431$4,804$4,241$3,738$3,289$2,708
13 years$4,961$4,342$3,789$3,300$2,868$2,316
14 years$4,560$3,946$3,405$2,929$2,514$1,991
15 years$4,212$3,605$3,074$2,613$2,214$1,718
16 years$3,908$3,308$2,787$2,339$1,956$1,488
17 years$3,640$3,046$2,536$2,102$1,735$1,292
18 years$3,402$2,815$2,315$1,894$1,542$1,125
19 years$3,189$2,609$2,119$1,711$1,375$982
20 years$2,998$2,424$1,945$1,550$1,228$858
21 years$2,825$2,258$1,789$1,407$1,099$751
22 years$2,668$2,108$1,649$1,279$985$658
23 years$2,525$1,971$1,523$1,165$884$578
24 years$2,394$1,847$1,408$1,062$795$508
25 years$2,274$1,733$1,304$970$715$446
26 years$2,163$1,629$1,210$887$644$393
27 years$2,061$1,533$1,123$812$581$346
28 years$1,966$1,445$1,044$744$524$305
29 years$1,878$1,363$972$682$473$269
30 years$1,795$1,287$905$626$428$237
31 years$1,719$1,217$844$575$387$209
32 years$1,647$1,151$787$529$350$184
33 years$1,580$1,090$735$486$316$163
34 years$1,516$1,033$687$447$287$144
35 years$1,457$980$642$412$260$127
36 years$1,401$930$601$379$235$112
37 years$1,348$884$562$349$213$99
38 years$1,298$840$526$322$193$88
39 years$1,251$798$493$297$175$77
40 years$1,206$760$462$274$159$69
41 years$1,163$723$434$253$144$61
42 years$1,123$689$407$233$131$54
43 years$1,085$656$382$215$119$47
44 years$1,048$625$358$199$108$42
45 years$1,013$596$336$184$98$37
46 years$980$569$316$170$89$33
47 years$948$543$297$157$81$29
48 years$918$518$279$145$73$26
49 years$889$495$262$134$67$23
50 years$861$473$246$124$60$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $882,000, adding $4,360 every year, while hoping to spend $21,138 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: 45/45/10 Blend
73$882,000$882,000$882,000$882,000
74$976,461$929,715$916,044$1,017,452
75$1,053,570$952,781$924,241$1,069,349
76$1,137,835$976,268$932,004$1,123,076
77$1,229,964$1,000,175$939,296$1,180,854
78$1,330,737$1,024,500$946,079$1,243,065
79$1,441,011$1,049,239$952,312$1,310,127
80$1,561,730$1,074,389$957,951$1,382,504
81$1,693,936$1,099,943$962,952$1,460,704
82$1,838,774$1,125,897$967,266$1,545,287
83$1,997,505$1,152,241$970,846$1,636,870
84$2,171,518$1,178,969$973,637$1,736,133
85$2,362,344$1,206,070$975,585$1,843,825
86$2,571,669$1,233,533$976,633$1,960,770
87$2,801,348$1,261,345$976,719$2,087,876
88$3,053,426$1,289,491$975,780$2,226,145
89$3,330,156$1,317,957$973,749$2,376,678
90$3,634,019$1,346,724$970,556$2,540,692
91$3,967,748$1,375,772$966,129$2,719,523
92$4,334,353$1,405,080$960,389$2,914,647
93$4,737,152$1,434,624$953,257$3,127,690
94$5,179,799$1,464,378$944,648$3,360,442
95$5,666,318$1,494,312$934,474$3,614,877
96$6,201,145$1,524,395$922,641$3,893,169
97$6,789,165$1,554,594$909,053$4,197,716
98$7,435,762$1,584,871$893,608$4,531,160
99$8,146,866$1,615,186$876,200$4,896,410
100$8,929,011$1,645,495$856,718$5,296,676