Can I retire at age 74 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$54,915$54,426$53,949$53,483$53,028$51,641
2 years$27,186$26,679$26,189$25,713$25,251$23,864
3 years$17,944$17,435$16,946$16,475$16,021$14,675
4 years$13,324$12,817$12,332$11,869$11,426$10,134
5 years$10,552$10,049$9,570$9,117$8,686$7,450
6 years$8,705$8,205$7,734$7,291$6,873$5,695
7 years$7,387$6,891$6,427$5,994$5,589$4,469
8 years$6,398$5,907$5,451$5,028$4,637$3,574
9 years$5,630$5,143$4,695$4,283$3,905$2,898
10 years$5,015$4,533$4,093$3,692$3,327$2,375
11 years$4,513$4,036$3,603$3,213$2,862$1,963
12 years$4,094$3,622$3,198$2,818$2,480$1,633
13 years$3,741$3,273$2,857$2,488$2,162$1,366
14 years$3,438$2,975$2,567$2,209$1,896$1,147
15 years$3,175$2,718$2,318$1,970$1,669$967
16 years$2,946$2,494$2,101$1,764$1,475$818
17 years$2,744$2,297$1,912$1,585$1,308$693
18 years$2,565$2,122$1,746$1,428$1,163$589
19 years$2,404$1,967$1,598$1,290$1,037$501
20 years$2,260$1,828$1,467$1,169$926$427
21 years$2,130$1,702$1,349$1,061$829$364
22 years$2,012$1,589$1,243$964$743$311
23 years$1,904$1,486$1,148$878$667$266
24 years$1,805$1,393$1,062$801$599$227
25 years$1,714$1,307$983$732$539$194
26 years$1,631$1,228$912$669$486$167
27 years$1,554$1,156$847$612$438$143
28 years$1,482$1,089$787$561$395$122
29 years$1,416$1,028$733$514$357$105
30 years$1,354$970$682$472$322$90
31 years$1,296$917$636$434$291$77
32 years$1,242$868$594$398$264$66
33 years$1,191$822$554$366$239$57
34 years$1,143$779$518$337$216$49
35 years$1,098$739$484$310$196$42
36 years$1,056$701$453$286$177$36
37 years$1,016$666$424$263$161$31
38 years$979$633$397$243$146$26
39 years$943$602$372$224$132$23
40 years$909$573$349$206$120$20
41 years$877$545$327$190$109$17
42 years$847$519$307$176$99$14
43 years$818$495$288$162$90$12
44 years$790$472$270$150$81$11
45 years$764$450$254$138$74$9
46 years$739$429$238$128$67$8
47 years$715$409$224$118$61$7
48 years$692$391$210$109$55$6
49 years$670$373$198$101$50$5
50 years$649$357$186$93$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $665,000, adding $2,307 every year, while hoping to spend $35,182 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: 78/9/13 Blend
73$665,000$665,000$665,000$665,000
74$735,210$699,965$689,657$790,489
75$772,768$696,830$675,327$824,068
76$812,977$692,362$659,338$856,165
77$856,072$686,459$641,597$890,374
78$902,308$679,012$622,007$926,892
79$951,966$669,906$600,467$965,937
80$1,005,354$659,019$576,870$1,007,747
81$1,062,811$646,221$551,106$1,052,586
82$1,124,708$631,376$523,058$1,100,746
83$1,191,453$614,339$492,606$1,152,547
84$1,263,496$594,956$459,622$1,208,344
85$1,341,328$573,064$423,975$1,268,526
86$1,425,490$548,491$385,525$1,333,525
87$1,516,579$521,056$344,129$1,403,816
88$1,615,248$490,565$299,636$1,479,923
89$1,722,217$456,816$251,887$1,562,423
90$1,838,276$419,593$200,718$1,651,954
91$1,964,295$378,669$145,957$1,749,220
92$2,101,232$333,802$87,425$1,854,997
93$2,250,138$284,739$24,935$1,970,139
94$2,412,173$231,212$0$2,095,592
95$2,588,609$172,936$0$2,238,187
96$2,780,849$109,611$0$2,397,350
97$2,990,435$40,922$0$2,570,913
98$3,219,067$0$0$2,760,306
99$3,468,613$0$0$2,970,415
100$3,741,131$0$0$3,204,311