Can I retire at age 74 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$75,064$74,396$73,743$73,107$72,485$71,698
2 years$37,161$36,468$35,798$35,147$34,517$33,724
3 years$24,528$23,833$23,164$22,519$21,899$21,126
4 years$18,212$17,519$16,857$16,224$15,618$14,870
5 years$14,424$13,735$13,082$12,462$11,873$11,152
6 years$11,900$11,216$10,572$9,966$9,395$8,702
7 years$10,097$9,419$8,785$8,193$7,640$6,976
8 years$8,746$8,074$7,451$6,873$6,338$5,703
9 years$7,695$7,030$6,417$5,854$5,338$4,731
10 years$6,855$6,196$5,595$5,047$4,548$3,969
11 years$6,169$5,516$4,926$4,392$3,912$3,359
12 years$5,597$4,951$4,371$3,852$3,390$2,864
13 years$5,113$4,474$3,905$3,401$2,956$2,457
14 years$4,699$4,067$3,509$3,019$2,591$2,117
15 years$4,341$3,715$3,168$2,692$2,281$1,832
16 years$4,027$3,409$2,872$2,411$2,016$1,591
17 years$3,751$3,139$2,614$2,166$1,788$1,386
18 years$3,506$2,901$2,386$1,952$1,590$1,210
19 years$3,286$2,689$2,184$1,764$1,417$1,059
20 years$3,089$2,498$2,005$1,598$1,266$928
21 years$2,911$2,327$1,844$1,450$1,133$815
22 years$2,750$2,172$1,699$1,318$1,015$716
23 years$2,602$2,032$1,569$1,201$911$631
24 years$2,467$1,904$1,451$1,095$819$556
25 years$2,344$1,786$1,344$1,000$737$490
26 years$2,229$1,679$1,247$914$664$433
27 years$2,124$1,580$1,158$837$599$382
28 years$2,026$1,489$1,076$767$540$338
29 years$1,935$1,405$1,001$703$488$299
30 years$1,850$1,326$933$645$441$264
31 years$1,771$1,254$870$593$398$234
32 years$1,697$1,187$811$545$360$207
33 years$1,628$1,124$758$501$326$184
34 years$1,563$1,065$708$461$295$163
35 years$1,501$1,010$662$424$267$144
36 years$1,444$959$619$391$242$128
37 years$1,389$911$579$360$220$113
38 years$1,338$865$543$332$199$101
39 years$1,289$823$508$306$181$89
40 years$1,243$783$476$282$164$79
41 years$1,199$745$447$260$149$70
42 years$1,157$710$419$240$135$62
43 years$1,118$676$393$222$122$55
44 years$1,080$645$369$205$111$49
45 years$1,044$615$347$189$101$44
46 years$1,010$586$326$175$92$39
47 years$977$560$306$161$83$34
48 years$946$534$287$149$75$30
49 years$916$510$270$138$69$27
50 years$888$487$254$127$62$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $909,000, adding $5,174 every year, while hoping to spend $52,076 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: 43/38/19 Blend
73$909,000$909,000$909,000$909,000
74$1,007,055$958,878$944,788$1,044,587
75$1,054,366$950,455$921,030$1,063,165
76$1,104,758$939,873$894,731$1,077,781
77$1,158,489$926,973$865,750$1,092,533
78$1,215,843$911,583$833,942$1,107,458
79$1,277,133$893,524$799,152$1,122,602
80$1,342,697$872,604$761,221$1,138,020
81$1,412,912$848,621$719,981$1,153,773
82$1,488,186$821,360$675,257$1,169,939
83$1,568,969$790,595$626,867$1,186,602
84$1,655,755$756,085$574,618$1,203,865
85$1,749,086$717,578$518,312$1,221,843
86$1,849,557$674,803$457,740$1,240,671
87$1,957,821$627,477$392,683$1,260,502
88$2,074,596$575,301$322,915$1,281,512
89$2,200,669$517,955$248,197$1,303,902
90$2,336,908$455,105$168,282$1,327,900
91$2,484,263$386,396$82,910$1,353,765
92$2,643,783$311,454$0$1,381,790
93$2,816,616$229,883$0$1,413,969
94$3,004,027$141,264$0$1,467,062
95$3,207,409$45,157$0$1,524,725
96$3,428,290$0$0$1,587,496
97$3,668,353$0$0$1,680,609
98$3,929,450$0$0$1,802,516
99$4,213,616$0$0$1,935,297
100$4,523,094$0$0$2,080,013