Can I retire at age 74 with 618,000?

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 $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%12.8%
1 years$51,034$50,579$50,136$49,703$49,280$48,705
2 years$25,264$24,794$24,338$23,896$23,467$22,888
3 years$16,676$16,203$15,748$15,310$14,888$14,323
4 years$12,382$11,911$11,461$11,030$10,618$10,072
5 years$9,807$9,338$8,894$8,472$8,072$7,546
6 years$8,090$7,625$7,188$6,775$6,387$5,882
7 years$6,865$6,404$5,973$5,570$5,194$4,710
8 years$5,946$5,489$5,066$4,673$4,309$3,846
9 years$5,232$4,779$4,363$3,980$3,629$3,186
10 years$4,661$4,213$3,804$3,431$3,092$2,670
11 years$4,194$3,750$3,349$2,986$2,659$2,257
12 years$3,805$3,366$2,972$2,619$2,305$1,922
13 years$3,476$3,042$2,655$2,312$2,010$1,646
14 years$3,195$2,765$2,386$2,053$1,762$1,417
15 years$2,951$2,526$2,154$1,831$1,551$1,225
16 years$2,738$2,318$1,953$1,639$1,371$1,062
17 years$2,550$2,134$1,777$1,473$1,215$924
18 years$2,383$1,972$1,622$1,327$1,081$805
19 years$2,234$1,828$1,485$1,199$963$704
20 years$2,100$1,699$1,363$1,086$860$616
21 years$1,979$1,582$1,254$986$770$540
22 years$1,869$1,477$1,155$896$690$474
23 years$1,769$1,381$1,067$816$620$417
24 years$1,678$1,294$987$744$557$367
25 years$1,593$1,215$914$680$501$323
26 years$1,516$1,141$848$622$451$285
27 years$1,444$1,074$787$569$407$251
28 years$1,377$1,012$732$521$367$221
29 years$1,316$955$681$478$332$196
30 years$1,258$902$634$439$300$173
31 years$1,204$853$591$403$271$153
32 years$1,154$807$552$370$245$135
33 years$1,107$764$515$341$222$119
34 years$1,062$724$481$313$201$106
35 years$1,021$687$450$288$182$93
36 years$982$652$421$266$165$83
37 years$944$619$394$245$149$73
38 years$909$588$369$226$135$65
39 years$876$559$346$208$123$57
40 years$845$532$324$192$111$51
41 years$815$507$304$177$101$45
42 years$787$483$285$163$92$40
43 years$760$460$267$151$83$35
44 years$734$438$251$139$76$31
45 years$710$418$236$129$69$28
46 years$687$399$221$119$62$25
47 years$664$380$208$110$57$22
48 years$643$363$195$101$51$19
49 years$623$347$184$94$47$17
50 years$603$331$173$87$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $618,000, adding $6,433 every year, while hoping to spend $24,265 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: 38/41/21 Blend
73$618,000$618,000$618,000$618,000
74$687,672$654,918$645,339$709,267
75$731,996$661,191$641,140$731,753
76$780,029$666,958$635,987$753,283
77$832,122$672,169$629,823$776,056
78$888,663$676,770$622,586$800,199
79$950,079$680,704$614,215$825,851
80$1,016,839$683,910$604,643$853,169
81$1,089,458$686,324$593,800$882,327
82$1,168,505$687,876$581,615$913,516
83$1,254,605$688,494$568,011$946,951
84$1,348,444$688,099$552,909$982,868
85$1,450,780$686,611$536,226$1,021,532
86$1,562,445$683,940$517,875$1,063,235
87$1,684,355$679,995$497,765$1,108,300
88$1,817,521$674,676$475,802$1,157,088
89$1,963,053$667,880$451,886$1,209,997
90$2,122,174$659,495$425,913$1,267,470
91$2,296,229$649,404$397,775$1,329,996
92$2,486,703$637,484$367,359$1,398,119
93$2,695,227$623,601$334,546$1,472,439
94$2,923,599$607,616$299,212$1,553,622
95$3,173,800$589,383$261,229$1,642,407
96$3,448,008$568,743$220,461$1,739,609
97$3,748,626$545,533$176,768$1,846,133
98$4,078,298$519,576$130,002$1,962,979
99$4,439,937$490,687$80,009$2,091,253
100$4,836,751$458,672$26,630$2,232,181