Can I retire at age 74 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$52,190$51,725$51,272$50,829$50,397$49,829
2 years$25,837$25,355$24,889$24,437$23,998$23,427
3 years$17,053$16,570$16,105$15,657$15,226$14,668
4 years$12,663$12,181$11,720$11,280$10,859$10,320
5 years$10,029$9,550$9,095$8,664$8,255$7,735
6 years$8,273$7,798$7,350$6,929$6,532$6,033
7 years$7,020$6,549$6,108$5,697$5,312$4,834
8 years$6,081$5,614$5,180$4,779$4,407$3,949
9 years$5,350$4,888$4,462$4,070$3,711$3,274
10 years$4,766$4,308$3,890$3,509$3,162$2,745
11 years$4,289$3,835$3,425$3,054$2,720$2,322
12 years$3,891$3,442$3,039$2,678$2,357$1,979
13 years$3,555$3,111$2,715$2,365$2,055$1,696
14 years$3,267$2,828$2,440$2,099$1,801$1,461
15 years$3,018$2,583$2,203$1,872$1,586$1,263
16 years$2,800$2,370$1,997$1,676$1,402$1,096
17 years$2,608$2,183$1,817$1,506$1,243$954
18 years$2,437$2,017$1,659$1,357$1,105$832
19 years$2,285$1,869$1,519$1,226$985$728
20 years$2,148$1,737$1,394$1,111$880$638
21 years$2,024$1,618$1,282$1,008$787$559
22 years$1,912$1,510$1,182$917$706$491
23 years$1,809$1,413$1,091$835$634$432
24 years$1,716$1,323$1,009$761$569$381
25 years$1,629$1,242$935$695$512$335
26 years$1,550$1,167$867$636$462$296
27 years$1,477$1,099$805$582$416$261
28 years$1,409$1,035$748$533$376$231
29 years$1,345$977$696$489$339$204
30 years$1,286$922$649$449$306$180
31 years$1,231$872$605$412$277$159
32 years$1,180$825$564$379$251$141
33 years$1,132$781$527$348$227$125
34 years$1,087$740$492$320$205$111
35 years$1,044$702$460$295$186$98
36 years$1,004$667$430$272$168$87
37 years$966$633$403$250$153$77
38 years$930$602$377$231$138$68
39 years$896$572$353$213$126$60
40 years$864$544$331$196$114$53
41 years$834$518$311$181$103$47
42 years$805$493$291$167$94$42
43 years$777$470$273$154$85$37
44 years$751$448$257$142$77$33
45 years$726$427$241$132$70$29
46 years$702$408$226$121$64$26
47 years$679$389$213$112$58$23
48 years$658$371$200$104$52$20
49 years$637$355$188$96$48$18
50 years$617$339$177$89$43$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $632,000, adding $6,563 every year, while hoping to spend $23,846 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: 38/45/17 Blend
73$632,000$632,000$632,000$632,000
74$703,234$669,738$659,942$726,134
75$749,592$677,183$656,678$750,626
76$799,879$684,194$652,505$774,313
77$854,471$690,724$647,369$799,409
78$913,781$696,723$641,210$826,052
79$978,264$702,140$633,967$854,398
80$1,048,419$706,917$625,577$884,617
81$1,124,796$710,994$615,973$916,900
82$1,208,002$714,309$605,084$951,459
83$1,298,701$716,794$592,838$988,528
84$1,397,627$718,375$579,157$1,028,365
85$1,505,588$718,978$563,961$1,071,259
86$1,623,470$718,521$547,166$1,117,530
87$1,752,252$716,916$528,684$1,167,529
88$1,893,011$714,074$508,424$1,221,649
89$2,046,931$709,897$486,289$1,280,323
90$2,215,317$704,280$462,179$1,344,031
91$2,399,605$697,117$435,988$1,413,305
92$2,601,379$688,289$407,607$1,488,734
93$2,822,379$677,675$376,922$1,570,968
94$3,064,525$665,143$343,811$1,660,729
95$3,329,928$650,558$308,151$1,758,815
96$3,620,917$633,771$269,810$1,866,107
97$3,940,053$614,629$228,652$1,983,584
98$4,290,161$592,967$184,534$2,112,323
99$4,674,348$568,614$137,306$2,253,520
100$5,096,040$541,384$86,815$2,408,495