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%12.9%
1 years$52,107$51,643$51,190$50,748$50,317$49,709
2 years$25,796$25,315$24,850$24,398$23,960$23,348
3 years$17,026$16,544$16,079$15,632$15,201$14,605
4 years$12,642$12,161$11,702$11,262$10,842$10,265
5 years$10,013$9,535$9,081$8,650$8,242$7,686
6 years$8,260$7,786$7,339$6,918$6,521$5,988
7 years$7,009$6,539$6,099$5,687$5,304$4,792
8 years$6,071$5,605$5,172$4,771$4,400$3,911
9 years$5,342$4,880$4,455$4,064$3,705$3,238
10 years$4,759$4,301$3,884$3,503$3,157$2,712
11 years$4,282$3,829$3,419$3,049$2,715$2,291
12 years$3,885$3,437$3,034$2,674$2,353$1,950
13 years$3,549$3,106$2,711$2,361$2,052$1,669
14 years$3,262$2,823$2,436$2,096$1,799$1,436
15 years$3,013$2,579$2,199$1,869$1,584$1,240
16 years$2,796$2,366$1,994$1,674$1,400$1,074
17 years$2,604$2,179$1,814$1,504$1,241$934
18 years$2,434$2,014$1,656$1,355$1,103$814
19 years$2,281$1,866$1,516$1,224$984$710
20 years$2,145$1,734$1,392$1,109$879$621
21 years$2,021$1,615$1,280$1,006$786$544
22 years$1,909$1,508$1,180$915$705$477
23 years$1,806$1,410$1,089$833$633$419
24 years$1,713$1,321$1,007$760$569$369
25 years$1,627$1,240$933$694$512$324
26 years$1,548$1,165$865$635$461$286
27 years$1,474$1,097$804$581$415$252
28 years$1,406$1,034$747$532$375$222
29 years$1,343$975$695$488$339$196
30 years$1,284$921$648$448$306$173
31 years$1,230$870$604$411$277$153
32 years$1,178$824$563$378$250$135
33 years$1,130$780$526$348$226$119
34 years$1,085$739$491$320$205$105
35 years$1,042$701$459$295$186$93
36 years$1,002$666$430$271$168$82
37 years$964$632$402$250$152$73
38 years$929$601$377$230$138$64
39 years$895$571$353$212$125$57
40 years$863$543$331$196$114$50
41 years$832$517$310$181$103$45
42 years$803$493$291$167$94$39
43 years$776$469$273$154$85$35
44 years$750$447$256$142$77$31
45 years$725$427$241$131$70$27
46 years$701$407$226$121$64$24
47 years$678$388$212$112$58$21
48 years$657$371$200$104$52$19
49 years$636$354$188$96$48$17
50 years$616$338$176$88$43$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $631,000, adding $4,407 every year, while hoping to spend $23,467 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: 83/9/8 Blend
73$631,000$631,000$631,000$631,000
74$699,908$666,465$656,684$756,976
75$746,330$674,153$653,715$802,625
76$796,700$681,431$649,859$849,137
77$851,397$688,255$645,063$899,488
78$910,836$694,576$639,269$954,049
79$975,475$700,344$632,418$1,013,229
80$1,045,816$705,503$624,447$1,077,477
81$1,122,414$709,998$615,290$1,147,290
82$1,205,878$713,765$604,880$1,223,212
83$1,296,877$716,739$593,143$1,305,846
84$1,396,151$718,852$580,006$1,395,853
85$1,504,510$720,028$565,388$1,493,963
86$1,622,850$720,189$549,208$1,600,980
87$1,752,154$719,251$531,380$1,717,788
88$1,893,506$717,127$511,814$1,845,364
89$2,048,099$713,721$490,415$1,984,781
90$2,217,247$708,935$467,085$2,137,224
91$2,402,394$702,661$441,721$2,303,997
92$2,605,135$694,789$414,215$2,486,537
93$2,827,224$685,197$384,456$2,686,428
94$3,070,590$673,762$352,325$2,905,416
95$3,337,362$660,348$317,699$3,145,422
96$3,629,883$644,815$280,452$3,408,567
97$3,950,731$627,011$240,448$3,697,185
98$4,302,751$606,780$197,548$4,013,849
99$4,689,071$583,952$151,605$4,361,394
100$5,113,141$558,350$102,468$4,742,945