Can I retire at age 74 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$54,832$54,344$53,868$53,402$52,948$52,352
2 years$27,145$26,639$26,149$25,674$25,213$24,613
3 years$17,917$17,409$16,920$16,450$15,996$15,411
4 years$13,304$12,797$12,314$11,851$11,409$10,842
5 years$10,537$10,033$9,556$9,103$8,673$8,127
6 years$8,692$8,193$7,723$7,280$6,862$6,338
7 years$7,376$6,880$6,418$5,985$5,581$5,078
8 years$6,389$5,898$5,443$5,021$4,630$4,149
9 years$5,621$5,135$4,688$4,276$3,899$3,440
10 years$5,008$4,526$4,087$3,686$3,322$2,884
11 years$4,506$4,030$3,598$3,208$2,857$2,440
12 years$4,088$3,617$3,193$2,814$2,476$2,079
13 years$3,735$3,268$2,853$2,484$2,159$1,782
14 years$3,433$2,971$2,563$2,205$1,893$1,535
15 years$3,171$2,714$2,314$1,967$1,666$1,327
16 years$2,942$2,490$2,098$1,761$1,473$1,152
17 years$2,740$2,293$1,909$1,582$1,306$1,002
18 years$2,561$2,119$1,743$1,426$1,161$875
19 years$2,401$1,964$1,596$1,288$1,035$765
20 years$2,257$1,825$1,464$1,167$924$670
21 years$2,127$1,700$1,347$1,059$827$588
22 years$2,009$1,587$1,241$963$742$516
23 years$1,901$1,484$1,146$877$666$454
24 years$1,802$1,390$1,060$800$598$400
25 years$1,712$1,305$982$730$538$352
26 years$1,628$1,226$911$668$485$311
27 years$1,551$1,154$846$611$437$274
28 years$1,480$1,088$786$560$395$242
29 years$1,413$1,026$732$514$356$214
30 years$1,352$969$681$471$322$189
31 years$1,294$916$635$433$291$167
32 years$1,240$867$593$398$263$148
33 years$1,189$821$553$366$238$131
34 years$1,142$778$517$337$216$116
35 years$1,097$738$483$310$195$103
36 years$1,055$700$452$285$177$91
37 years$1,015$665$423$263$160$81
38 years$977$632$396$242$145$71
39 years$942$601$371$223$132$63
40 years$908$572$348$206$120$56
41 years$876$544$326$190$109$50
42 years$845$518$306$176$98$44
43 years$816$494$287$162$89$39
44 years$789$471$270$150$81$35
45 years$763$449$253$138$74$31
46 years$738$428$238$128$67$27
47 years$714$409$223$118$61$24
48 years$691$390$210$109$55$21
49 years$669$373$197$101$50$19
50 years$648$356$186$93$45$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $664,000, adding $3,466 every year, while hoping to spend $46,448 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: 60/16/24 Blend
73$664,000$664,000$664,000$664,000
74$735,303$700,111$689,819$774,516
75$760,884$684,996$663,508$786,452
76$787,517$667,584$634,758$794,128
77$815,261$647,713$603,440$801,493
78$844,178$625,212$569,416$808,525
79$874,337$599,899$532,544$815,203
80$905,809$571,584$492,674$821,507
81$938,673$540,064$449,650$827,415
82$973,015$505,124$403,311$832,908
83$1,008,925$466,538$353,484$837,965
84$1,046,503$424,066$299,994$842,569
85$1,085,856$377,455$242,653$846,702
86$1,127,101$326,437$181,269$850,348
87$1,170,362$270,729$115,638$853,492
88$1,215,777$210,034$45,551$856,123
89$1,263,495$144,034$0$858,232
90$1,313,678$72,397$0$867,301
91$1,366,499$0$0$888,774
92$1,422,152$0$0$911,959
93$1,480,844$0$0$949,873
94$1,542,802$0$0$989,917
95$1,608,273$0$0$1,032,256
96$1,677,527$0$0$1,077,066
97$1,750,860$0$0$1,124,542
98$1,828,592$0$0$1,174,896
99$1,911,077$0$0$1,228,358
100$1,998,697$0$0$1,285,182