Can I retire at age 74 with 657,000?

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 $657,000?

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$54,254$53,771$53,300$52,839$52,390$51,821
2 years$26,859$26,358$25,874$25,404$24,948$24,375
3 years$17,728$17,226$16,742$16,276$15,828$15,269
4 years$13,163$12,663$12,184$11,726$11,289$10,748
5 years$10,425$9,928$9,455$9,007$8,581$8,061
6 years$8,601$8,107$7,641$7,203$6,790$6,290
7 years$7,298$6,808$6,350$5,922$5,522$5,042
8 years$6,321$5,836$5,385$4,968$4,581$4,122
9 years$5,562$5,081$4,638$4,231$3,858$3,419
10 years$4,955$4,479$4,044$3,647$3,287$2,868
11 years$4,459$3,987$3,560$3,174$2,827$2,428
12 years$4,045$3,579$3,159$2,784$2,450$2,070
13 years$3,696$3,234$2,823$2,458$2,136$1,776
14 years$3,396$2,940$2,536$2,182$1,873$1,530
15 years$3,137$2,685$2,290$1,946$1,649$1,324
16 years$2,911$2,464$2,076$1,742$1,457$1,150
17 years$2,711$2,269$1,889$1,566$1,292$1,002
18 years$2,534$2,097$1,725$1,411$1,149$875
19 years$2,375$1,943$1,579$1,275$1,024$765
20 years$2,233$1,806$1,449$1,155$915$671
21 years$2,104$1,682$1,333$1,048$819$589
22 years$1,987$1,570$1,228$953$734$518
23 years$1,881$1,468$1,134$868$659$456
24 years$1,783$1,376$1,049$791$592$402
25 years$1,694$1,291$971$723$533$354
26 years$1,611$1,213$901$661$480$313
27 years$1,535$1,142$837$605$433$276
28 years$1,464$1,076$778$554$390$244
29 years$1,399$1,015$724$508$352$216
30 years$1,337$959$674$466$318$191
31 years$1,280$906$629$428$288$169
32 years$1,227$858$586$394$260$150
33 years$1,177$812$548$362$236$133
34 years$1,130$770$512$333$213$118
35 years$1,085$730$478$307$193$104
36 years$1,043$693$447$282$175$92
37 years$1,004$658$419$260$159$82
38 years$967$625$392$240$144$73
39 years$932$595$367$221$131$64
40 years$898$566$344$204$118$57
41 years$867$539$323$188$107$51
42 years$836$513$303$174$97$45
43 years$808$489$284$160$88$40
44 years$781$466$267$148$80$35
45 years$755$444$251$137$73$31
46 years$730$424$235$126$66$28
47 years$706$404$221$117$60$25
48 years$684$386$208$108$55$22
49 years$662$369$195$100$50$20
50 years$641$352$184$92$45$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $657,000, adding $2,060 every year, while hoping to spend $30,237 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: 43/38/19 Blend
73$657,000$657,000$657,000$657,000
74$726,139$691,318$681,134$753,266
75$768,033$693,021$671,780$774,321
76$813,187$693,793$661,100$793,998
77$861,902$693,558$649,016$814,688
78$914,507$692,234$635,449$836,497
79$971,365$689,732$620,315$859,548
80$1,032,876$685,960$603,527$883,974
81$1,099,477$680,821$584,994$909,927
82$1,171,651$674,208$564,619$937,575
83$1,249,928$666,013$542,302$967,105
84$1,334,890$656,117$517,938$998,725
85$1,427,179$644,397$491,419$1,032,670
86$1,527,499$630,720$462,629$1,069,198
87$1,636,627$614,948$431,450$1,108,597
88$1,755,415$596,932$397,756$1,151,190
89$1,884,802$576,517$361,416$1,197,332
90$2,025,823$553,538$322,294$1,247,422
91$2,179,614$527,818$280,248$1,301,900
92$2,347,428$499,174$235,130$1,361,257
93$2,530,641$467,410$186,782$1,426,037
94$2,730,772$432,317$135,044$1,496,844
95$2,949,488$393,679$79,746$1,574,350
96$3,188,629$351,263$20,711$1,659,299
97$3,450,219$304,824$0$1,752,516
98$3,736,486$254,105$0$1,863,491
99$4,049,885$198,833$0$1,989,701
100$4,393,116$138,719$0$2,128,110