Can I retire at age 74 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$75,312$74,641$73,987$73,348$72,724$72,266
2 years$37,283$36,589$35,916$35,263$34,631$34,168
3 years$24,609$23,911$23,240$22,594$21,971$21,519
4 years$18,273$17,577$16,913$16,277$15,670$15,232
5 years$14,472$13,781$13,125$12,503$11,912$11,489
6 years$11,939$11,253$10,607$9,998$9,426$9,018
7 years$10,130$9,450$8,814$8,220$7,666$7,274
8 years$8,775$8,101$7,475$6,896$6,359$5,984
9 years$7,721$7,053$6,438$5,874$5,355$4,995
10 years$6,878$6,217$5,613$5,063$4,563$4,219
11 years$6,189$5,535$4,942$4,406$3,924$3,595
12 years$5,615$4,968$4,386$3,865$3,401$3,087
13 years$5,130$4,489$3,918$3,412$2,966$2,666
14 years$4,715$4,081$3,521$3,029$2,600$2,315
15 years$4,355$3,728$3,179$2,701$2,289$2,018
16 years$4,041$3,420$2,882$2,419$2,023$1,766
17 years$3,763$3,150$2,622$2,173$1,794$1,550
18 years$3,517$2,911$2,394$1,959$1,595$1,364
19 years$3,297$2,697$2,192$1,770$1,422$1,203
20 years$3,100$2,507$2,011$1,603$1,270$1,063
21 years$2,921$2,335$1,850$1,455$1,136$941
22 years$2,759$2,179$1,705$1,323$1,019$834
23 years$2,611$2,038$1,574$1,205$914$740
24 years$2,476$1,910$1,456$1,099$822$658
25 years$2,351$1,792$1,349$1,003$739$585
26 years$2,237$1,684$1,251$917$666$521
27 years$2,131$1,585$1,161$840$601$464
28 years$2,033$1,494$1,080$769$542$414
29 years$1,941$1,409$1,005$705$489$369
30 years$1,856$1,331$936$647$442$330
31 years$1,777$1,258$872$595$400$295
32 years$1,703$1,190$814$547$362$263
33 years$1,633$1,127$760$503$327$235
34 years$1,568$1,068$710$462$296$210
35 years$1,506$1,013$664$426$268$188
36 years$1,448$962$621$392$243$168
37 years$1,394$914$581$361$220$151
38 years$1,342$868$544$333$200$135
39 years$1,293$826$510$307$181$121
40 years$1,247$785$478$283$164$108
41 years$1,203$748$448$261$149$97
42 years$1,161$712$420$241$135$87
43 years$1,121$678$395$223$123$78
44 years$1,084$647$370$205$111$70
45 years$1,048$617$348$190$101$62
46 years$1,013$588$327$175$92$56
47 years$980$561$307$162$83$50
48 years$949$536$288$150$76$45
49 years$919$512$271$138$69$40
50 years$890$489$255$128$62$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $912,000, adding $5,860 every year, while hoping to spend $27,298 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: 71/18/11 Blend
73$912,000$912,000$912,000$912,000
74$1,011,069$962,733$948,597$1,080,191
75$1,085,153$980,862$951,330$1,144,870
76$1,165,879$998,964$953,239$1,211,744
77$1,253,895$1,017,010$954,270$1,284,215
78$1,349,915$1,034,966$954,361$1,362,826
79$1,454,725$1,052,799$953,451$1,448,181
80$1,569,190$1,070,469$951,474$1,540,941
81$1,694,262$1,087,937$948,363$1,641,835
82$1,830,990$1,105,158$944,046$1,751,668
83$1,980,527$1,122,087$938,448$1,871,325
84$2,144,144$1,138,673$931,489$2,001,783
85$2,323,241$1,154,862$923,088$2,144,116
86$2,519,358$1,170,596$913,158$2,299,510
87$2,734,192$1,185,815$901,608$2,469,270
88$2,969,611$1,200,452$888,344$2,654,835
89$3,227,674$1,214,437$873,266$2,857,792
90$3,510,648$1,227,695$856,271$3,079,887
91$3,821,027$1,240,145$837,250$3,323,046
92$4,161,563$1,251,703$816,089$3,589,393
93$4,535,283$1,262,277$792,668$3,881,264
94$4,945,523$1,271,771$766,865$4,201,240
95$5,395,959$1,280,080$738,547$4,552,160
96$5,890,638$1,287,095$707,580$4,937,155
97$6,434,020$1,292,699$673,820$5,359,677
98$7,031,016$1,296,768$637,119$5,823,528
99$7,687,039$1,299,169$597,322$6,332,901
100$8,408,051$1,299,761$554,266$6,892,416