Can I retire at age 74 with 618,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$51,034$50,579$50,136$49,703$49,280$48,908
2 years$25,264$24,794$24,338$23,896$23,467$23,092
3 years$16,676$16,203$15,748$15,310$14,888$14,522
4 years$12,382$11,911$11,461$11,030$10,618$10,263
5 years$9,807$9,338$8,894$8,472$8,072$7,729
6 years$8,090$7,625$7,188$6,775$6,387$6,057
7 years$6,865$6,404$5,973$5,570$5,194$4,878
8 years$5,946$5,489$5,066$4,673$4,309$4,005
9 years$5,232$4,779$4,363$3,980$3,629$3,338
10 years$4,661$4,213$3,804$3,431$3,092$2,814
11 years$4,194$3,750$3,349$2,986$2,659$2,394
12 years$3,805$3,366$2,972$2,619$2,305$2,051
13 years$3,476$3,042$2,655$2,312$2,010$1,769
14 years$3,195$2,765$2,386$2,053$1,762$1,532
15 years$2,951$2,526$2,154$1,831$1,551$1,333
16 years$2,738$2,318$1,953$1,639$1,371$1,164
17 years$2,550$2,134$1,777$1,473$1,215$1,020
18 years$2,383$1,972$1,622$1,327$1,081$895
19 years$2,234$1,828$1,485$1,199$963$788
20 years$2,100$1,699$1,363$1,086$860$695
21 years$1,979$1,582$1,254$986$770$614
22 years$1,869$1,477$1,155$896$690$543
23 years$1,769$1,381$1,067$816$620$481
24 years$1,678$1,294$987$744$557$426
25 years$1,593$1,215$914$680$501$378
26 years$1,516$1,141$848$622$451$336
27 years$1,444$1,074$787$569$407$299
28 years$1,377$1,012$732$521$367$266
29 years$1,316$955$681$478$332$237
30 years$1,258$902$634$439$300$211
31 years$1,204$853$591$403$271$188
32 years$1,154$807$552$370$245$167
33 years$1,107$764$515$341$222$149
34 years$1,062$724$481$313$201$133
35 years$1,021$687$450$288$182$119
36 years$982$652$421$266$165$106
37 years$944$619$394$245$149$95
38 years$909$588$369$226$135$84
39 years$876$559$346$208$123$75
40 years$845$532$324$192$111$67
41 years$815$507$304$177$101$60
42 years$787$483$285$163$92$54
43 years$760$460$267$151$83$48
44 years$734$438$251$139$76$43
45 years$710$418$236$129$69$38
46 years$687$399$221$119$62$34
47 years$664$380$208$110$57$31
48 years$643$363$195$101$51$27
49 years$623$347$184$94$47$25
50 years$603$331$173$87$42$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $618,000, adding $5,039 every year, while hoping to spend $43,504 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: 59/32/9 Blend
73$618,000$618,000$618,000$618,000
74$686,234$653,480$643,901$725,018
75$709,942$639,212$619,183$737,405
76$734,610$622,788$592,180$745,534
77$760,290$604,054$562,768$753,325
78$787,038$582,852$530,820$760,749
79$814,914$559,010$496,200$767,777
80$843,983$532,349$458,771$774,376
81$874,315$502,679$418,385$780,515
82$905,984$469,799$374,890$786,161
83$939,071$433,497$328,126$791,281
84$973,665$393,547$277,926$795,841
85$1,009,860$349,711$224,118$799,807
86$1,047,759$301,740$166,519$803,144
87$1,087,472$249,367$104,939$805,818
88$1,129,120$192,313$39,181$807,795
89$1,172,835$130,280$0$809,042
90$1,218,757$62,957$0$812,503
91$1,267,042$0$0$819,378
92$1,317,858$0$0$829,411
93$1,371,385$0$0$863,349
94$1,427,825$0$0$899,154
95$1,487,393$0$0$936,964
96$1,550,326$0$0$976,933
97$1,616,881$0$0$1,019,228
98$1,687,341$0$0$1,064,030
99$1,762,011$0$0$1,111,539
100$1,841,229$0$0$1,161,971