Can I retire at age 74 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$50,538$50,088$49,649$49,220$48,802$48,172
2 years$25,019$24,553$24,101$23,664$23,239$22,605
3 years$16,514$16,046$15,595$15,162$14,744$14,126
4 years$12,262$11,795$11,349$10,923$10,515$9,918
5 years$9,711$9,248$8,808$8,390$7,994$7,419
6 years$8,012$7,551$7,118$6,709$6,325$5,773
7 years$6,798$6,342$5,915$5,516$5,144$4,616
8 years$5,888$5,436$5,016$4,627$4,267$3,762
9 years$5,181$4,733$4,321$3,942$3,594$3,112
10 years$4,615$4,172$3,767$3,398$3,062$2,603
11 years$4,153$3,714$3,316$2,957$2,633$2,196
12 years$3,768$3,333$2,943$2,594$2,282$1,867
13 years$3,443$3,012$2,629$2,290$1,990$1,596
14 years$3,164$2,738$2,363$2,033$1,744$1,371
15 years$2,922$2,501$2,133$1,813$1,536$1,182
16 years$2,711$2,295$1,934$1,623$1,357$1,023
17 years$2,525$2,114$1,760$1,458$1,204$888
18 years$2,360$1,953$1,606$1,314$1,070$772
19 years$2,213$1,810$1,471$1,188$954$673
20 years$2,080$1,682$1,350$1,076$852$588
21 years$1,960$1,567$1,241$976$762$515
22 years$1,851$1,463$1,144$888$683$451
23 years$1,752$1,368$1,056$808$614$395
24 years$1,661$1,282$977$737$551$347
25 years$1,578$1,203$905$673$496$305
26 years$1,501$1,130$839$616$447$268
27 years$1,430$1,064$779$563$403$236
28 years$1,364$1,002$725$516$364$208
29 years$1,303$946$674$473$328$183
30 years$1,246$893$628$434$297$161
31 years$1,193$844$585$399$268$142
32 years$1,143$799$546$367$243$125
33 years$1,096$757$510$337$220$110
34 years$1,052$717$477$310$199$97
35 years$1,011$680$446$286$180$86
36 years$972$645$417$263$163$76
37 years$935$613$390$242$148$67
38 years$901$583$365$223$134$59
39 years$868$554$342$206$122$52
40 years$837$527$321$190$110$46
41 years$807$502$301$175$100$41
42 years$779$478$282$162$91$36
43 years$753$455$265$149$82$32
44 years$727$434$249$138$75$28
45 years$703$414$233$127$68$25
46 years$680$395$219$118$62$22
47 years$658$377$206$109$56$19
48 years$637$360$194$100$51$17
49 years$617$343$182$93$46$15
50 years$598$328$171$86$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $612,000, adding $6,304 every year, while hoping to spend $43,799 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: 62/32/6 Blend
73$612,000$612,000$612,000$612,000
74$680,927$648,491$639,005$722,020
75$703,779$633,665$613,809$735,393
76$727,495$616,645$586,302$744,296
77$752,116$597,276$556,359$752,882
78$777,686$575,397$523,852$761,118
79$804,252$550,834$488,644$768,972
80$831,867$523,407$450,595$776,408
81$860,585$492,921$409,556$783,389
82$890,463$459,172$365,375$789,878
83$921,566$421,947$317,890$795,836
84$953,959$381,016$266,933$801,221
85$987,716$336,139$212,329$805,991
86$1,022,914$287,061$153,893$810,104
87$1,059,638$233,513$91,435$813,515
88$1,097,978$175,212$24,755$816,177
89$1,138,031$111,857$0$818,044
90$1,179,904$43,132$0$822,040
91$1,223,710$0$0$827,030
92$1,269,574$0$0$842,414
93$1,317,628$0$0$874,459
94$1,368,019$0$0$908,075
95$1,420,903$0$0$943,369
96$1,476,452$0$0$980,458
97$1,534,851$0$0$1,019,467
98$1,596,302$0$0$1,060,533
99$1,661,026$0$0$1,103,806
100$1,729,262$0$0$1,149,448