Can I retire at age 74 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$74,321$73,659$73,013$72,383$71,767$69,834
2 years$36,793$36,107$35,443$34,799$34,175$32,241
3 years$24,285$23,597$22,934$22,296$21,682$19,808
4 years$18,032$17,346$16,690$16,063$15,464$13,664
5 years$14,281$13,599$12,952$12,338$11,755$10,035
6 years$11,782$11,105$10,467$9,867$9,302$7,662
7 years$9,997$9,326$8,698$8,112$7,565$6,006
8 years$8,659$7,994$7,377$6,805$6,276$4,797
9 years$7,619$6,960$6,354$5,796$5,285$3,885
10 years$6,787$6,135$5,539$4,997$4,503$3,180
11 years$6,108$5,462$4,877$4,348$3,873$2,625
12 years$5,541$4,902$4,328$3,814$3,356$2,181
13 years$5,063$4,430$3,867$3,367$2,927$1,822
14 years$4,653$4,027$3,474$2,989$2,565$1,528
15 years$4,298$3,679$3,137$2,666$2,259$1,286
16 years$3,987$3,375$2,844$2,387$1,996$1,086
17 years$3,714$3,108$2,588$2,145$1,770$919
18 years$3,471$2,872$2,362$1,933$1,574$780
19 years$3,254$2,662$2,163$1,746$1,403$662
20 years$3,059$2,474$1,985$1,582$1,253$563
21 years$2,883$2,304$1,826$1,436$1,121$480
22 years$2,722$2,151$1,683$1,305$1,005$409
23 years$2,577$2,012$1,554$1,189$902$349
24 years$2,443$1,885$1,437$1,084$811$298
25 years$2,320$1,769$1,331$990$730$255
26 years$2,207$1,662$1,234$905$657$218
27 years$2,103$1,564$1,146$829$593$186
28 years$2,006$1,474$1,065$759$535$159
29 years$1,916$1,391$991$696$483$136
30 years$1,832$1,313$924$639$436$117
31 years$1,754$1,242$861$587$394$100
32 years$1,680$1,175$803$539$357$86
33 years$1,612$1,113$750$496$323$73
34 years$1,547$1,054$701$456$292$63
35 years$1,487$1,000$655$420$265$54
36 years$1,429$949$613$387$240$46
37 years$1,375$902$574$356$217$40
38 years$1,324$857$537$329$197$34
39 years$1,276$815$503$303$179$29
40 years$1,230$775$472$279$162$25
41 years$1,187$738$442$258$147$21
42 years$1,146$703$415$238$133$18
43 years$1,107$670$389$220$121$16
44 years$1,069$638$366$203$110$13
45 years$1,034$609$343$187$100$12
46 years$1,000$581$322$173$91$10
47 years$968$554$303$160$82$9
48 years$937$529$285$148$75$7
49 years$907$505$267$136$68$6
50 years$879$482$251$126$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $900,000, adding $2,669 every year, while hoping to spend $37,488 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: 68/27/5 Blend
73$900,000$900,000$900,000$900,000
74$994,553$946,853$932,903$1,061,431
75$1,056,111$953,362$924,268$1,112,550
76$1,122,690$958,933$914,088$1,163,600
77$1,194,765$963,482$902,271$1,218,397
78$1,272,855$966,916$888,720$1,277,300
79$1,357,531$969,140$873,337$1,340,704
80$1,449,422$970,050$856,017$1,409,046
81$1,549,218$969,538$836,648$1,482,807
82$1,657,680$967,487$815,118$1,562,518
83$1,775,644$963,774$791,305$1,648,765
84$1,904,031$958,270$765,084$1,742,194
85$2,043,851$950,835$736,324$1,843,518
86$2,196,220$941,322$704,887$1,953,523
87$2,362,364$929,575$670,630$2,073,076
88$2,543,631$915,430$633,402$2,203,134
89$2,741,507$898,712$593,046$2,344,752
90$2,957,627$879,235$549,400$2,499,095
91$3,193,790$856,803$502,290$2,667,447
92$3,451,978$831,208$451,538$2,851,225
93$3,734,373$802,230$396,958$3,051,992
94$4,043,376$769,636$338,353$3,271,472
95$4,381,632$733,181$275,520$3,511,566
96$4,752,055$692,603$208,246$3,774,373
97$5,157,850$647,626$136,308$4,062,207
98$5,602,551$597,960$59,474$4,377,621
99$6,090,048$543,296$0$4,723,429
100$6,624,624$483,309$0$5,103,938