Can I retire at age 74 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$52,025$51,561$51,109$50,668$50,237$49,712
2 years$25,755$25,275$24,810$24,360$23,922$23,394
3 years$16,999$16,518$16,054$15,607$15,177$14,662
4 years$12,622$12,142$11,683$11,244$10,825$10,326
5 years$9,997$9,520$9,067$8,637$8,229$7,748
6 years$8,247$7,773$7,327$6,907$6,511$6,049
7 years$6,998$6,528$6,089$5,678$5,295$4,852
8 years$6,061$5,596$5,164$4,764$4,393$3,969
9 years$5,333$4,872$4,448$4,057$3,699$3,294
10 years$4,751$4,295$3,878$3,498$3,152$2,765
11 years$4,275$3,823$3,414$3,044$2,711$2,342
12 years$3,879$3,432$3,030$2,670$2,349$1,998
13 years$3,544$3,101$2,707$2,357$2,049$1,715
14 years$3,257$2,819$2,432$2,092$1,796$1,479
15 years$3,008$2,575$2,196$1,866$1,581$1,281
16 years$2,791$2,363$1,991$1,671$1,397$1,113
17 years$2,600$2,176$1,812$1,501$1,239$970
18 years$2,430$2,011$1,654$1,353$1,102$848
19 years$2,278$1,863$1,514$1,222$982$742
20 years$2,141$1,732$1,389$1,107$877$651
21 years$2,018$1,613$1,278$1,005$785$572
22 years$1,906$1,506$1,178$914$704$503
23 years$1,804$1,408$1,088$832$632$443
24 years$1,710$1,319$1,006$759$568$391
25 years$1,624$1,238$932$693$511$345
26 years$1,545$1,164$864$634$460$305
27 years$1,472$1,095$802$580$415$270
28 years$1,404$1,032$746$531$374$238
29 years$1,341$973$694$487$338$211
30 years$1,282$919$646$447$305$187
31 years$1,228$869$603$411$276$166
32 years$1,176$822$562$378$250$147
33 years$1,128$779$525$347$226$130
34 years$1,083$738$491$319$205$115
35 years$1,041$700$459$294$185$102
36 years$1,001$664$429$271$168$91
37 years$963$631$402$250$152$81
38 years$927$600$376$230$138$72
39 years$893$570$352$212$125$64
40 years$861$543$330$196$114$56
41 years$831$517$310$180$103$50
42 years$802$492$290$167$93$44
43 years$775$469$273$154$85$39
44 years$749$447$256$142$77$35
45 years$724$426$240$131$70$31
46 years$700$406$226$121$63$28
47 years$677$388$212$112$58$25
48 years$656$370$199$103$52$22
49 years$635$354$187$96$48$19
50 years$615$338$176$88$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $630,000, adding $5,986 every year, while hoping to spend $27,705 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: 49/21/30 Blend
73$630,000$630,000$630,000$630,000
74$700,435$667,045$657,280$728,519
75$742,401$670,252$649,821$752,081
76$787,719$672,688$641,183$774,476
77$836,703$674,285$631,298$798,281
78$889,694$674,973$620,095$823,642
79$947,071$674,675$607,497$850,725
80$1,009,250$673,312$593,425$879,711
81$1,076,687$670,797$577,798$910,802
82$1,149,884$667,041$560,529$944,224
83$1,229,393$661,947$541,528$980,225
84$1,315,822$655,413$520,700$1,019,082
85$1,409,839$647,332$497,947$1,061,101
86$1,512,180$637,589$473,165$1,106,622
87$1,623,653$626,062$446,247$1,156,022
88$1,745,150$612,623$417,081$1,209,719
89$1,877,649$597,135$385,547$1,268,175
90$2,022,231$579,456$351,524$1,331,903
91$2,180,080$559,431$314,882$1,401,471
92$2,352,506$536,901$275,488$1,477,507
93$2,540,945$511,693$233,201$1,560,707
94$2,746,983$483,627$187,874$1,651,841
95$2,972,362$452,512$139,355$1,751,761
96$3,219,004$418,146$87,484$1,861,411
97$3,489,022$380,314$32,094$1,981,834
98$3,784,745$338,792$0$2,114,182
99$4,108,737$293,341$0$2,268,380
100$4,463,821$243,708$0$2,448,716