Can I retire at age 74 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$52,603$52,134$51,677$51,231$50,795$50,244
2 years$26,041$25,556$25,086$24,630$24,188$23,633
3 years$17,188$16,701$16,232$15,781$15,346$14,804
4 years$12,763$12,277$11,813$11,369$10,945$10,421
5 years$10,108$9,625$9,167$8,733$8,320$7,815
6 years$8,339$7,860$7,409$6,984$6,583$6,098
7 years$7,076$6,601$6,157$5,742$5,354$4,889
8 years$6,129$5,658$5,221$4,816$4,442$3,996
9 years$5,393$4,926$4,497$4,103$3,741$3,315
10 years$4,804$4,342$3,921$3,536$3,187$2,781
11 years$4,323$3,866$3,452$3,078$2,741$2,354
12 years$3,922$3,470$3,063$2,700$2,375$2,007
13 years$3,583$3,136$2,737$2,383$2,071$1,722
14 years$3,293$2,850$2,459$2,116$1,816$1,484
15 years$3,042$2,604$2,220$1,887$1,599$1,284
16 years$2,822$2,389$2,013$1,689$1,413$1,115
17 years$2,629$2,200$1,832$1,518$1,253$971
18 years$2,457$2,033$1,672$1,368$1,114$848
19 years$2,303$1,884$1,531$1,236$993$742
20 years$2,165$1,751$1,405$1,120$887$650
21 years$2,040$1,631$1,292$1,016$794$571
22 years$1,927$1,522$1,191$924$711$502
23 years$1,824$1,424$1,100$841$639$442
24 years$1,729$1,334$1,017$767$574$389
25 years$1,642$1,252$942$701$516$344
26 years$1,562$1,177$874$641$465$303
27 years$1,488$1,107$811$586$419$268
28 years$1,420$1,043$754$537$378$237
29 years$1,356$984$702$493$342$209
30 years$1,297$930$654$452$309$185
31 years$1,241$879$609$415$279$164
32 years$1,189$831$569$382$253$145
33 years$1,141$787$531$351$229$129
34 years$1,095$746$496$323$207$114
35 years$1,052$708$464$297$187$101
36 years$1,012$672$434$274$170$90
37 years$974$638$406$252$154$79
38 years$937$606$380$233$140$70
39 years$903$577$356$214$127$62
40 years$871$549$334$198$115$55
41 years$840$522$313$182$104$49
42 years$811$497$294$168$94$44
43 years$783$474$276$155$86$39
44 years$757$452$259$144$78$34
45 years$732$431$243$133$71$31
46 years$708$411$228$122$64$27
47 years$685$392$214$113$58$24
48 years$663$374$201$105$53$21
49 years$642$357$189$97$48$19
50 years$622$341$178$89$44$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $637,000, adding $2,730 every year, while hoping to spend $32,336 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: 81/6/13 Blend
73$637,000$637,000$637,000$637,000
74$704,790$671,029$661,155$759,921
75$742,273$669,504$648,899$794,983
76$782,496$666,821$635,148$828,968
77$825,704$662,888$619,819$865,329
78$872,166$657,610$602,822$904,290
79$922,177$650,883$584,068$946,095
80$976,063$642,600$563,457$991,014
81$1,034,179$632,645$540,891$1,039,345
82$1,096,918$620,898$516,264$1,091,417
83$1,164,710$607,228$489,465$1,147,589
84$1,238,027$591,499$460,379$1,208,261
85$1,317,391$573,567$428,886$1,273,871
86$1,403,371$553,278$394,860$1,344,903
87$1,496,597$530,471$358,170$1,421,891
88$1,597,760$504,974$318,679$1,505,421
89$1,707,619$476,605$276,242$1,596,142
90$1,827,011$445,174$230,711$1,694,769
91$1,956,855$410,476$181,929$1,802,088
92$2,098,163$372,299$129,733$1,918,966
93$2,252,049$330,414$73,952$2,046,362
94$2,419,736$284,583$14,408$2,185,329
95$2,602,575$234,553$0$2,337,031
96$2,802,047$180,056$0$2,509,564
97$3,019,787$120,810$0$2,700,101
98$3,257,593$56,517$0$2,908,229
99$3,517,442$0$0$3,135,694
100$3,801,516$0$0$3,385,287