Can I retire at age 74 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$77,129$76,442$75,772$75,117$74,478$73,885
2 years$38,183$37,471$36,782$36,114$35,466$34,868
3 years$25,202$24,488$23,801$23,139$22,501$21,917
4 years$18,713$18,001$17,321$16,670$16,048$15,482
5 years$14,821$14,113$13,442$12,804$12,199$11,653
6 years$12,227$11,525$10,863$10,240$9,653$9,128
7 years$10,375$9,678$9,027$8,419$7,850$7,346
8 years$8,986$8,296$7,656$7,062$6,513$6,029
9 years$7,907$7,223$6,594$6,015$5,485$5,022
10 years$7,044$6,367$5,749$5,185$4,673$4,231
11 years$6,338$5,668$5,061$4,513$4,019$3,597
12 years$5,751$5,087$4,492$3,958$3,483$3,080
13 years$5,254$4,597$4,013$3,495$3,037$2,654
14 years$4,828$4,179$3,606$3,102$2,662$2,298
15 years$4,460$3,818$3,255$2,767$2,344$1,998
16 years$4,138$3,503$2,951$2,477$2,072$1,743
17 years$3,854$3,226$2,686$2,226$1,837$1,526
18 years$3,602$2,981$2,452$2,006$1,633$1,339
19 years$3,377$2,763$2,244$1,812$1,456$1,177
20 years$3,174$2,567$2,060$1,641$1,300$1,037
21 years$2,991$2,391$1,895$1,490$1,164$916
22 years$2,825$2,232$1,746$1,355$1,043$809
23 years$2,674$2,088$1,612$1,234$936$716
24 years$2,535$1,956$1,491$1,125$842$635
25 years$2,408$1,836$1,381$1,028$757$563
26 years$2,291$1,725$1,281$940$682$499
27 years$2,182$1,624$1,189$860$615$444
28 years$2,082$1,530$1,106$788$555$394
29 years$1,988$1,443$1,029$723$501$351
30 years$1,901$1,363$958$663$453$312
31 years$1,820$1,288$894$609$409$278
32 years$1,744$1,219$834$560$370$248
33 years$1,673$1,155$778$515$335$221
34 years$1,606$1,094$727$474$303$197
35 years$1,543$1,038$680$436$275$175
36 years$1,483$985$636$401$249$156
37 years$1,427$936$595$370$226$139
38 years$1,374$889$558$341$205$124
39 years$1,324$846$522$314$186$111
40 years$1,277$804$490$290$168$99
41 years$1,232$766$459$268$153$88
42 years$1,189$729$431$247$139$79
43 years$1,148$695$404$228$126$70
44 years$1,110$662$379$210$114$63
45 years$1,073$632$356$194$104$56
46 years$1,038$603$335$180$94$50
47 years$1,004$575$314$166$85$45
48 years$972$549$295$153$78$40
49 years$941$524$278$142$70$36
50 years$912$501$261$131$64$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $934,000, adding $5,525 every year, while hoping to spend $47,076 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: 52/40/8 Blend
73$934,000$934,000$934,000$934,000
74$1,034,967$985,465$970,988$1,086,431
75$1,090,445$983,664$953,428$1,120,216
76$1,150,004$980,198$933,701$1,151,379
77$1,214,011$974,933$911,686$1,184,151
78$1,282,868$967,733$887,255$1,218,694
79$1,357,016$958,447$860,274$1,255,187
80$1,436,941$946,921$830,603$1,293,833
81$1,523,176$932,987$798,096$1,334,853
82$1,616,307$916,470$762,598$1,378,499
83$1,716,977$897,184$723,952$1,425,046
84$1,825,893$874,930$681,989$1,474,804
85$1,943,832$849,500$636,534$1,528,117
86$2,071,650$820,673$587,404$1,585,366
87$2,210,286$788,213$534,410$1,646,975
88$2,360,774$751,874$477,352$1,713,418
89$2,524,250$711,394$416,020$1,785,217
90$2,701,965$666,493$350,198$1,862,957
91$2,895,295$616,881$279,659$1,947,282
92$3,105,752$562,246$204,165$2,038,911
93$3,335,004$502,260$123,469$2,138,641
94$3,584,881$436,578$37,313$2,247,354
95$3,857,402$364,833$0$2,366,033
96$4,154,786$286,639$0$2,500,425
97$4,479,477$201,587$0$2,650,776
98$4,834,165$109,246$0$2,815,258
99$5,221,811$9,161$0$2,995,375
100$5,645,676$0$0$3,192,795