Can I retire at age 74 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$76,551$75,869$75,204$74,554$73,920$73,301
2 years$37,896$37,191$36,507$35,843$35,200$34,576
3 years$25,013$24,304$23,622$22,965$22,332$21,723
4 years$18,573$17,866$17,191$16,545$15,928$15,337
5 years$14,710$14,007$13,341$12,708$12,108$11,538
6 years$12,135$11,438$10,781$10,163$9,581$9,033
7 years$10,297$9,606$8,959$8,355$7,792$7,265
8 years$8,919$8,234$7,598$7,009$6,464$5,960
9 years$7,848$7,169$6,544$5,970$5,444$4,961
10 years$6,991$6,319$5,706$5,146$4,638$4,177
11 years$6,291$5,626$5,023$4,479$3,989$3,549
12 years$5,708$5,049$4,458$3,929$3,457$3,037
13 years$5,215$4,563$3,983$3,468$3,014$2,615
14 years$4,792$4,148$3,579$3,079$2,642$2,263
15 years$4,427$3,789$3,231$2,746$2,327$1,966
16 years$4,107$3,476$2,929$2,459$2,056$1,715
17 years$3,825$3,202$2,666$2,209$1,823$1,499
18 years$3,575$2,958$2,433$1,991$1,621$1,315
19 years$3,352$2,742$2,228$1,799$1,445$1,155
20 years$3,151$2,548$2,044$1,629$1,291$1,017
21 years$2,969$2,373$1,880$1,479$1,155$897
22 years$2,804$2,215$1,733$1,344$1,035$792
23 years$2,654$2,072$1,600$1,224$929$701
24 years$2,516$1,941$1,480$1,117$835$620
25 years$2,390$1,822$1,371$1,020$752$550
26 years$2,273$1,712$1,271$932$677$488
27 years$2,166$1,611$1,180$854$610$433
28 years$2,066$1,518$1,097$782$551$384
29 years$1,973$1,432$1,021$717$497$342
30 years$1,887$1,353$951$658$449$304
31 years$1,806$1,279$887$604$406$270
32 years$1,731$1,210$827$555$368$240
33 years$1,660$1,146$773$511$333$214
34 years$1,594$1,086$722$470$301$191
35 years$1,531$1,030$675$433$273$170
36 years$1,472$978$631$398$247$151
37 years$1,417$929$591$367$224$135
38 years$1,364$883$553$338$203$120
39 years$1,314$839$518$312$184$107
40 years$1,267$798$486$288$167$96
41 years$1,223$760$456$266$152$85
42 years$1,180$724$427$245$137$76
43 years$1,140$690$401$226$125$68
44 years$1,101$657$376$209$113$60
45 years$1,065$627$353$193$103$54
46 years$1,030$598$332$178$93$48
47 years$997$571$312$165$85$43
48 years$965$545$293$152$77$38
49 years$934$520$276$141$70$34
50 years$905$497$259$130$64$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $927,000, adding $6,236 every year, while hoping to spend $58,573 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: 68/5/27 Blend
73$927,000$927,000$927,000$927,000
74$1,027,986$978,855$964,487$1,090,288
75$1,070,520$964,498$934,476$1,118,593
76$1,115,429$947,474$901,497$1,142,308
77$1,162,893$927,591$865,387$1,166,921
78$1,213,110$904,645$825,980$1,192,521
79$1,266,295$878,420$783,098$1,219,208
80$1,322,682$848,688$736,556$1,247,095
81$1,382,528$815,206$686,164$1,276,309
82$1,446,114$777,719$631,718$1,306,990
83$1,513,746$735,956$573,010$1,339,295
84$1,585,761$689,631$509,818$1,373,401
85$1,662,527$638,441$441,915$1,409,503
86$1,744,445$582,065$369,060$1,447,819
87$1,831,958$520,166$291,003$1,488,593
88$1,925,549$452,385$207,483$1,532,095
89$2,025,748$378,345$118,227$1,578,628
90$2,133,137$297,647$22,950$1,628,528
91$2,248,354$209,869$0$1,682,166
92$2,372,099$114,565$0$1,762,639
93$2,505,139$11,265$0$1,856,257
94$2,648,319$0$0$1,957,006
95$2,802,565$0$0$2,071,085
96$2,968,893$0$0$2,194,809
97$3,148,421$0$0$2,328,397
98$3,342,377$0$0$2,472,767
99$3,552,110$0$0$2,628,928
100$3,779,104$0$0$2,797,993