Can I retire at age 74 with 648,000?

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 $648,000?

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$53,511$53,035$52,570$52,116$51,672$51,048
2 years$26,491$25,997$25,519$25,056$24,606$23,977
3 years$17,485$16,990$16,513$16,053$15,611$14,998
4 years$12,983$12,489$12,017$11,566$11,134$10,541
5 years$10,283$9,792$9,326$8,883$8,464$7,893
6 years$8,483$7,996$7,537$7,104$6,697$6,149
7 years$7,198$6,715$6,263$5,841$5,447$4,921
8 years$6,235$5,756$5,311$4,900$4,518$4,016
9 years$5,486$5,011$4,575$4,173$3,805$3,326
10 years$4,887$4,417$3,988$3,598$3,242$2,785
11 years$4,397$3,932$3,511$3,131$2,788$2,353
12 years$3,990$3,530$3,116$2,746$2,416$2,002
13 years$3,645$3,190$2,784$2,425$2,107$1,714
14 years$3,350$2,899$2,502$2,152$1,847$1,474
15 years$3,094$2,649$2,259$1,919$1,626$1,273
16 years$2,871$2,430$2,048$1,719$1,437$1,103
17 years$2,674$2,238$1,863$1,544$1,274$959
18 years$2,499$2,068$1,701$1,392$1,133$836
19 years$2,343$1,917$1,557$1,257$1,010$729
20 years$2,202$1,781$1,429$1,139$902$638
21 years$2,075$1,659$1,314$1,034$807$559
22 years$1,960$1,549$1,211$940$724$490
23 years$1,855$1,448$1,119$856$650$431
24 years$1,759$1,357$1,035$781$584$379
25 years$1,671$1,273$958$713$525$333
26 years$1,589$1,197$889$652$473$293
27 years$1,514$1,126$825$597$427$259
28 years$1,444$1,061$767$547$385$228
29 years$1,379$1,001$714$501$348$201
30 years$1,319$946$665$460$314$178
31 years$1,263$894$620$423$284$157
32 years$1,210$846$578$388$257$138
33 years$1,160$801$540$357$232$122
34 years$1,114$759$505$329$210$108
35 years$1,070$720$472$302$191$96
36 years$1,029$683$441$279$173$85
37 years$990$649$413$257$157$75
38 years$954$617$387$237$142$66
39 years$919$587$362$218$129$59
40 years$886$558$340$201$117$52
41 years$855$531$319$186$106$46
42 years$825$506$299$171$96$41
43 years$797$482$280$158$87$36
44 years$770$460$263$146$79$32
45 years$744$438$247$135$72$28
46 years$720$418$232$125$65$25
47 years$697$399$218$115$59$22
48 years$674$381$205$106$54$20
49 years$653$364$193$98$49$17
50 years$633$347$181$91$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $648,000, adding $3,476 every year, while hoping to spend $33,395 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: 61/34/5 Blend
73$648,000$648,000$648,000$648,000
74$717,681$683,337$673,293$760,663
75$755,353$681,289$660,317$787,736
76$795,748$678,021$645,786$813,064
77$839,108$673,438$629,614$839,834
78$885,701$667,440$611,710$868,186
79$935,817$659,919$591,977$898,272
80$989,778$650,763$570,316$930,263
81$1,047,936$639,852$546,622$964,348
82$1,110,678$627,057$520,787$1,000,734
83$1,178,430$612,245$492,695$1,039,656
84$1,251,657$595,272$462,228$1,081,368
85$1,330,874$575,989$429,261$1,126,157
86$1,416,645$554,234$393,662$1,174,339
87$1,509,590$529,839$355,298$1,226,262
88$1,610,392$502,624$314,024$1,282,314
89$1,719,800$472,401$269,692$1,342,925
90$1,838,640$438,969$222,147$1,408,571
91$1,967,820$402,117$171,227$1,479,777
92$2,108,337$361,621$116,763$1,557,125
93$2,261,292$317,244$58,579$1,641,263
94$2,427,891$268,737$0$1,732,903
95$2,609,466$215,835$0$1,833,023
96$2,807,480$158,259$0$1,945,657
97$3,023,545$95,716$0$2,068,656
98$3,259,434$27,894$0$2,203,100
99$3,517,100$0$0$2,350,184
100$3,798,691$0$0$2,528,267