Can I retire at age 74 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$52,768$52,298$51,839$51,392$50,955$50,276
2 years$26,123$25,636$25,165$24,708$24,264$23,582
3 years$17,242$16,754$16,283$15,830$15,394$14,729
4 years$12,803$12,316$11,850$11,405$10,979$10,336
5 years$10,140$9,656$9,196$8,760$8,346$7,728
6 years$8,365$7,885$7,432$7,005$6,604$6,010
7 years$7,098$6,621$6,176$5,760$5,371$4,802
8 years$6,148$5,676$5,238$4,832$4,456$3,912
9 years$5,410$4,942$4,511$4,115$3,752$3,234
10 years$4,819$4,356$3,933$3,548$3,197$2,703
11 years$4,336$3,878$3,463$3,087$2,750$2,280
12 years$3,934$3,481$3,073$2,708$2,383$1,936
13 years$3,594$3,145$2,745$2,391$2,078$1,654
14 years$3,303$2,859$2,467$2,122$1,821$1,420
15 years$3,051$2,612$2,227$1,893$1,604$1,224
16 years$2,831$2,396$2,019$1,695$1,417$1,058
17 years$2,637$2,207$1,837$1,523$1,257$918
18 years$2,464$2,039$1,677$1,372$1,117$798
19 years$2,310$1,890$1,536$1,240$996$695
20 years$2,172$1,756$1,409$1,123$890$607
21 years$2,047$1,636$1,296$1,019$796$530
22 years$1,933$1,527$1,195$927$714$464
23 years$1,829$1,428$1,103$844$641$407
24 years$1,735$1,338$1,020$770$576$357
25 years$1,647$1,256$945$703$518$313
26 years$1,567$1,180$876$643$467$275
27 years$1,493$1,111$814$588$421$242
28 years$1,424$1,047$756$539$380$213
29 years$1,360$987$704$494$343$187
30 years$1,301$932$656$454$310$165
31 years$1,245$882$611$417$280$145
32 years$1,193$834$570$383$253$128
33 years$1,144$790$533$352$229$113
34 years$1,099$749$498$324$208$99
35 years$1,055$710$465$298$188$88
36 years$1,015$674$435$275$170$77
37 years$977$640$407$253$154$68
38 years$940$608$381$233$140$60
39 years$906$578$357$215$127$53
40 years$874$550$335$198$115$47
41 years$843$524$314$183$104$41
42 years$814$499$295$169$95$37
43 years$786$475$276$156$86$32
44 years$759$453$260$144$78$28
45 years$734$432$244$133$71$25
46 years$710$412$229$123$64$22
47 years$687$393$215$113$58$20
48 years$665$376$202$105$53$17
49 years$644$359$190$97$48$15
50 years$624$343$179$90$44$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $639,000, adding $5,056 every year, while hoping to spend $35,362 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: 61/33/6 Blend
73$639,000$639,000$639,000$639,000
74$709,393$675,526$665,622$751,571
75$744,126$671,002$650,295$775,847
76$781,217$665,071$633,270$797,767
77$820,869$657,627$614,452$820,776
78$863,304$648,557$593,742$844,979
79$908,767$637,742$571,038$870,493
80$957,525$625,055$546,232$897,447
81$1,009,872$610,363$519,211$925,986
82$1,066,131$593,523$489,857$956,269
83$1,126,656$574,386$458,047$988,476
84$1,191,836$552,791$423,652$1,022,806
85$1,262,098$528,572$386,539$1,059,477
86$1,337,910$501,550$346,566$1,098,737
87$1,419,787$471,537$303,586$1,140,856
88$1,508,297$438,334$257,448$1,186,137
89$1,604,061$401,730$207,990$1,234,916
90$1,707,763$361,502$155,046$1,287,565
91$1,820,155$317,417$98,440$1,344,498
92$1,942,065$269,224$37,992$1,406,174
93$2,074,402$216,662$0$1,473,101
94$2,218,166$159,454$0$1,547,541
95$2,374,457$97,305$0$1,631,129
96$2,544,487$29,908$0$1,722,135
97$2,729,586$0$0$1,821,343
98$2,931,220$0$0$1,945,257
99$3,151,002$0$0$2,092,206
100$3,390,708$0$0$2,252,523