Can I retire at age 74 with 633,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$52,273$51,807$51,353$50,909$50,476$50,242
2 years$25,877$25,396$24,928$24,476$24,036$23,800
3 years$17,080$16,596$16,130$15,682$15,250$15,019
4 years$12,683$12,200$11,739$11,298$10,876$10,652
5 years$10,045$9,565$9,110$8,678$8,268$8,051
6 years$8,287$7,811$7,362$6,940$6,542$6,333
7 years$7,031$6,559$6,118$5,706$5,320$5,120
8 years$6,090$5,622$5,188$4,786$4,414$4,221
9 years$5,359$4,895$4,469$4,077$3,717$3,532
10 years$4,774$4,315$3,896$3,514$3,167$2,990
11 years$4,296$3,841$3,430$3,058$2,724$2,555
12 years$3,897$3,448$3,044$2,683$2,360$2,199
13 years$3,561$3,116$2,720$2,368$2,058$1,904
14 years$3,272$2,832$2,444$2,102$1,804$1,657
15 years$3,023$2,587$2,206$1,875$1,589$1,449
16 years$2,804$2,374$2,000$1,679$1,404$1,271
17 years$2,612$2,186$1,820$1,508$1,245$1,119
18 years$2,441$2,020$1,662$1,359$1,107$987
19 years$2,289$1,872$1,521$1,228$987$873
20 years$2,151$1,740$1,396$1,112$881$774
21 years$2,027$1,621$1,284$1,010$789$687
22 years$1,915$1,513$1,183$918$707$611
23 years$1,812$1,415$1,093$836$635$544
24 years$1,718$1,326$1,011$763$570$485
25 years$1,632$1,244$936$696$513$432
26 years$1,552$1,169$868$637$462$386
27 years$1,479$1,100$806$583$417$345
28 years$1,411$1,037$749$534$376$309
29 years$1,348$978$697$490$340$277
30 years$1,289$924$650$449$307$248
31 years$1,233$873$606$413$277$222
32 years$1,182$826$565$379$251$199
33 years$1,134$782$528$349$227$178
34 years$1,088$742$493$321$206$160
35 years$1,046$703$461$295$186$144
36 years$1,005$668$431$272$169$129
37 years$967$634$403$251$153$116
38 years$932$603$378$231$139$104
39 years$898$573$354$213$126$93
40 years$865$545$332$197$114$84
41 years$835$519$311$181$103$76
42 years$806$494$292$167$94$68
43 years$778$471$274$154$85$61
44 years$752$449$257$143$77$55
45 years$727$428$241$132$70$49
46 years$703$408$227$122$64$44
47 years$680$390$213$112$58$40
48 years$659$372$200$104$53$36
49 years$638$355$188$96$48$32
50 years$618$339$177$89$43$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $633,000, adding $6,913 every year, while hoping to spend $46,265 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: 67/28/5 Blend
73$633,000$633,000$633,000$633,000
74$704,697$671,148$661,336$751,013
75$727,350$654,808$634,265$766,260
76$750,764$636,118$604,737$776,661
77$774,966$614,912$572,620$786,776
78$799,987$591,017$537,777$796,569
79$825,858$564,250$500,066$806,003
80$852,613$534,415$459,335$815,036
81$880,286$501,308$415,429$823,627
82$908,914$464,711$368,185$831,730
83$938,536$424,394$317,432$839,298
84$969,192$380,114$262,991$846,279
85$1,000,924$331,615$204,676$852,622
86$1,033,779$278,625$142,293$858,269
87$1,067,805$220,857$75,640$863,162
88$1,103,051$158,009$4,504$867,238
89$1,139,571$89,761$0$870,432
90$1,177,423$15,775$0$876,485
91$1,216,667$0$0$882,018
92$1,257,366$0$0$906,541
93$1,299,590$0$0$937,029
94$1,343,411$0$0$968,675
95$1,388,906$0$0$1,001,535
96$1,436,159$0$0$1,035,669
97$1,485,257$0$0$1,071,142
98$1,536,296$0$0$1,108,023
99$1,589,376$0$0$1,146,386
100$1,644,606$0$0$1,186,310