Can I retire at age 74 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$54,998$54,508$54,030$53,563$53,108$52,488
2 years$27,227$26,719$26,228$25,752$25,289$24,665
3 years$17,971$17,461$16,971$16,499$16,045$15,436
4 years$13,344$12,836$12,351$11,887$11,443$10,854
5 years$10,568$10,064$9,585$9,130$8,699$8,132
6 years$8,719$8,218$7,746$7,302$6,883$6,338
7 years$7,398$6,901$6,437$6,003$5,598$5,076
8 years$6,408$5,916$5,459$5,036$4,644$4,145
9 years$5,638$5,151$4,702$4,289$3,911$3,434
10 years$5,023$4,540$4,099$3,697$3,332$2,877
11 years$4,520$4,042$3,609$3,218$2,866$2,433
12 years$4,101$3,628$3,203$2,823$2,483$2,071
13 years$3,746$3,278$2,861$2,492$2,166$1,774
14 years$3,443$2,980$2,571$2,212$1,898$1,527
15 years$3,180$2,722$2,321$1,973$1,672$1,320
16 years$2,951$2,498$2,105$1,766$1,477$1,145
17 years$2,748$2,300$1,915$1,587$1,310$995
18 years$2,569$2,125$1,748$1,430$1,165$868
19 years$2,408$1,970$1,600$1,292$1,038$758
20 years$2,264$1,830$1,469$1,170$927$664
21 years$2,133$1,705$1,351$1,062$830$582
22 years$2,015$1,592$1,245$966$744$511
23 years$1,907$1,489$1,150$880$668$449
24 years$1,808$1,395$1,063$802$600$395
25 years$1,717$1,309$985$733$540$348
26 years$1,633$1,230$913$670$486$307
27 years$1,556$1,158$848$613$439$270
28 years$1,484$1,091$788$562$396$239
29 years$1,418$1,029$734$515$357$211
30 years$1,356$972$683$473$323$186
31 years$1,298$919$637$434$292$165
32 years$1,244$869$594$399$264$145
33 years$1,193$823$555$367$239$129
34 years$1,145$780$519$338$216$114
35 years$1,100$740$485$311$196$101
36 years$1,058$702$454$286$178$89
37 years$1,018$667$425$264$161$79
38 years$980$634$398$243$146$70
39 years$944$603$372$224$132$62
40 years$911$574$349$207$120$55
41 years$878$546$327$191$109$48
42 years$848$520$307$176$99$43
43 years$819$495$288$163$90$38
44 years$791$472$270$150$81$34
45 years$765$450$254$139$74$30
46 years$740$430$239$128$67$26
47 years$716$410$224$118$61$23
48 years$693$391$211$109$55$21
49 years$671$374$198$101$50$18
50 years$650$357$186$93$46$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $666,000, adding $5,696 every year, while hoping to spend $23,159 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: 51/40/9 Blend
73$666,000$666,000$666,000$666,000
74$739,807$704,509$694,186$775,530
75$790,627$714,389$692,801$810,386
76$845,854$723,977$690,592$845,300
77$905,913$733,234$687,509$882,712
78$971,272$742,119$683,497$922,861
79$1,042,446$750,587$678,499$966,015
80$1,120,002$758,592$672,454$1,012,464
81$1,204,561$766,082$665,301$1,062,534
82$1,296,811$773,005$656,973$1,116,580
83$1,397,505$779,302$647,401$1,174,996
84$1,507,476$784,913$636,514$1,238,218
85$1,627,638$789,773$624,237$1,306,725
86$1,758,998$793,812$610,489$1,381,047
87$1,902,664$796,958$595,190$1,461,769
88$2,059,859$799,132$578,251$1,549,536
89$2,231,926$800,250$559,584$1,645,061
90$2,420,345$800,226$539,093$1,749,129
91$2,626,747$798,964$516,680$1,862,609
92$2,852,927$796,365$492,240$1,986,459
93$3,100,863$792,324$465,667$2,121,734
94$3,372,731$786,728$436,848$2,269,602
95$3,670,931$779,459$405,663$2,431,350
96$3,998,104$770,390$371,991$2,608,399
97$4,357,160$759,389$335,702$2,802,315
98$4,751,304$746,313$296,662$3,014,828
99$5,184,067$731,011$254,729$3,247,847
100$5,659,337$713,327$209,759$3,503,477