Can I retire at age 74 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$52,107$51,643$51,190$50,748$50,317$50,000
2 years$25,796$25,315$24,850$24,398$23,960$23,641
3 years$17,026$16,544$16,079$15,632$15,201$14,889
4 years$12,642$12,161$11,702$11,262$10,842$10,539
5 years$10,013$9,535$9,081$8,650$8,242$7,949
6 years$8,260$7,786$7,339$6,918$6,521$6,240
7 years$7,009$6,539$6,099$5,687$5,304$5,033
8 years$6,071$5,605$5,172$4,771$4,400$4,140
9 years$5,342$4,880$4,455$4,064$3,705$3,456
10 years$4,759$4,301$3,884$3,503$3,157$2,919
11 years$4,282$3,829$3,419$3,049$2,715$2,488
12 years$3,885$3,437$3,034$2,674$2,353$2,136
13 years$3,549$3,106$2,711$2,361$2,052$1,845
14 years$3,262$2,823$2,436$2,096$1,799$1,601
15 years$3,013$2,579$2,199$1,869$1,584$1,396
16 years$2,796$2,366$1,994$1,674$1,400$1,222
17 years$2,604$2,179$1,814$1,504$1,241$1,072
18 years$2,434$2,014$1,656$1,355$1,103$943
19 years$2,281$1,866$1,516$1,224$984$832
20 years$2,145$1,734$1,392$1,109$879$735
21 years$2,021$1,615$1,280$1,006$786$651
22 years$1,909$1,508$1,180$915$705$577
23 years$1,806$1,410$1,089$833$633$512
24 years$1,713$1,321$1,007$760$569$455
25 years$1,627$1,240$933$694$512$405
26 years$1,548$1,165$865$635$461$361
27 years$1,474$1,097$804$581$415$321
28 years$1,406$1,034$747$532$375$286
29 years$1,343$975$695$488$339$256
30 years$1,284$921$648$448$306$228
31 years$1,230$870$604$411$277$204
32 years$1,178$824$563$378$250$182
33 years$1,130$780$526$348$226$163
34 years$1,085$739$491$320$205$146
35 years$1,042$701$459$295$186$130
36 years$1,002$666$430$271$168$117
37 years$964$632$402$250$152$104
38 years$929$601$377$230$138$93
39 years$895$571$353$212$125$84
40 years$863$543$331$196$114$75
41 years$832$517$310$181$103$67
42 years$803$493$291$167$94$60
43 years$776$469$273$154$85$54
44 years$750$447$256$142$77$48
45 years$725$427$241$131$70$43
46 years$701$407$226$121$64$39
47 years$678$388$212$112$58$35
48 years$657$371$200$104$52$31
49 years$636$354$188$96$48$28
50 years$616$338$176$88$43$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $631,000, adding $5,052 every year, while hoping to spend $48,945 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: 53/38/9 Blend
73$631,000$631,000$631,000$631,000
74$700,573$667,130$657,350$735,857
75$719,954$647,742$627,294$740,989
76$739,672$625,764$594,591$740,827
77$759,709$601,017$559,100$739,492
78$780,045$573,312$520,675$736,883
79$800,654$542,449$479,162$732,893
80$821,508$508,216$434,401$727,404
81$842,574$470,391$386,225$720,294
82$863,812$428,736$334,460$711,428
83$885,179$383,002$278,922$700,666
84$906,622$332,924$219,421$687,853
85$928,085$278,224$155,759$672,826
86$949,499$218,607$87,727$655,410
87$970,790$153,761$15,108$635,417
88$991,873$83,358$0$612,644
89$1,012,652$7,050$0$592,867
90$1,033,018$0$0$571,800
91$1,052,848$0$0$579,348
92$1,072,007$0$0$589,418
93$1,090,341$0$0$598,970
94$1,107,678$0$0$607,903
95$1,123,827$0$0$616,105
96$1,138,572$0$0$623,448
97$1,151,675$0$0$629,792
98$1,162,869$0$0$634,980
99$1,171,857$0$0$638,837
100$1,178,308$0$0$641,169