Can I retire at age 74 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$54,750$54,262$53,786$53,322$52,869$52,535
2 years$27,104$26,599$26,110$25,636$25,176$24,839
3 years$17,890$17,383$16,895$16,425$15,972$15,644
4 years$13,284$12,778$12,295$11,833$11,392$11,073
5 years$10,521$10,018$9,542$9,089$8,660$8,352
6 years$8,679$8,181$7,711$7,269$6,852$6,556
7 years$7,365$6,870$6,408$5,976$5,573$5,288
8 years$6,379$5,889$5,434$5,013$4,623$4,350
9 years$5,613$5,127$4,681$4,270$3,893$3,632
10 years$5,000$4,520$4,081$3,681$3,317$3,067
11 years$4,499$4,023$3,593$3,203$2,853$2,614
12 years$4,082$3,611$3,188$2,810$2,472$2,244
13 years$3,729$3,264$2,849$2,481$2,156$1,938
14 years$3,427$2,966$2,559$2,202$1,890$1,683
15 years$3,166$2,710$2,311$1,964$1,664$1,467
16 years$2,937$2,486$2,095$1,758$1,471$1,284
17 years$2,736$2,290$1,906$1,580$1,304$1,126
18 years$2,557$2,116$1,740$1,424$1,159$991
19 years$2,397$1,961$1,593$1,287$1,033$874
20 years$2,253$1,822$1,462$1,165$923$773
21 years$2,123$1,697$1,345$1,057$826$684
22 years$2,006$1,584$1,240$962$740$606
23 years$1,898$1,482$1,144$876$665$538
24 years$1,800$1,388$1,058$799$597$478
25 years$1,709$1,303$980$729$538$425
26 years$1,626$1,225$909$667$484$379
27 years$1,549$1,152$844$610$437$338
28 years$1,478$1,086$785$559$394$301
29 years$1,411$1,024$730$513$356$269
30 years$1,350$968$680$471$321$240
31 years$1,292$915$634$432$291$214
32 years$1,238$865$592$397$263$191
33 years$1,187$820$553$365$238$171
34 years$1,140$777$516$336$215$153
35 years$1,095$737$483$309$195$137
36 years$1,053$699$452$285$177$122
37 years$1,013$664$423$263$160$110
38 years$976$631$396$242$145$98
39 years$940$600$371$223$132$88
40 years$906$571$348$206$119$79
41 years$874$544$326$190$108$70
42 years$844$518$306$175$98$63
43 years$815$493$287$162$89$57
44 years$788$470$269$149$81$51
45 years$762$448$253$138$74$45
46 years$737$428$237$127$67$41
47 years$713$408$223$118$61$36
48 years$690$390$210$109$55$33
49 years$668$372$197$101$50$29
50 years$647$355$185$93$45$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $663,000, adding $5,601 every year, while hoping to spend $50,846 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: 56/25/19 Blend
73$663,000$663,000$663,000$663,000
74$736,403$701,264$690,988$773,604
75$757,417$681,527$660,036$779,853
76$778,869$659,118$626,344$780,728
77$800,752$633,853$589,764$780,557
78$823,054$605,536$550,147$779,251
79$845,761$573,963$507,331$776,718
80$868,854$538,912$461,152$772,855
81$892,312$500,155$411,437$767,556
82$916,111$457,445$358,003$760,705
83$940,220$410,525$300,661$752,179
84$964,604$359,123$239,215$741,846
85$989,222$302,948$173,457$729,565
86$1,014,028$241,698$103,173$715,185
87$1,038,966$175,049$28,137$698,543
88$1,063,976$102,661$0$679,468
89$1,088,987$24,177$0$668,302
90$1,113,918$0$0$661,089
91$1,138,678$0$0$668,679
92$1,163,165$0$0$682,718
93$1,187,262$0$0$696,484
94$1,210,839$0$0$709,893
95$1,233,749$0$0$722,855
96$1,255,827$0$0$735,266
97$1,276,888$0$0$747,012
98$1,296,726$0$0$757,964
99$1,315,109$0$0$767,977
100$1,331,781$0$0$776,892