Can I retire at age 74 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$55,741$55,244$54,760$54,287$53,825$51,874
2 years$27,594$27,081$26,582$26,100$25,631$23,687
3 years$18,214$17,697$17,201$16,722$16,261$14,385
4 years$13,524$13,009$12,518$12,047$11,598$9,804
5 years$10,711$10,200$9,714$9,254$8,816$7,109
6 years$8,836$8,329$7,851$7,400$6,976$5,357
7 years$7,498$6,994$6,524$6,084$5,673$4,142
8 years$6,494$5,996$5,533$5,104$4,707$3,262
9 years$5,714$5,220$4,765$4,347$3,964$2,604
10 years$5,091$4,601$4,155$3,747$3,377$2,099
11 years$4,581$4,096$3,658$3,261$2,905$1,706
12 years$4,156$3,677$3,246$2,861$2,517$1,395
13 years$3,797$3,323$2,900$2,526$2,195$1,147
14 years$3,489$3,020$2,606$2,242$1,924$946
15 years$3,223$2,759$2,353$1,999$1,694$783
16 years$2,991$2,531$2,133$1,790$1,497$650
17 years$2,785$2,331$1,941$1,608$1,328$540
18 years$2,603$2,154$1,772$1,450$1,180$450
19 years$2,440$1,996$1,622$1,310$1,052$375
20 years$2,294$1,855$1,489$1,186$940$314
21 years$2,162$1,728$1,369$1,077$841$262
22 years$2,042$1,613$1,262$979$754$219
23 years$1,932$1,509$1,165$892$677$184
24 years$1,832$1,414$1,078$813$608$154
25 years$1,740$1,327$998$743$547$129
26 years$1,655$1,247$926$679$493$108
27 years$1,577$1,173$860$621$444$91
28 years$1,504$1,106$799$569$401$76
29 years$1,437$1,043$744$522$362$64
30 years$1,374$985$693$479$327$54
31 years$1,315$931$646$440$296$45
32 years$1,260$881$602$404$268$38
33 years$1,209$834$563$372$242$32
34 years$1,160$791$526$342$219$27
35 years$1,115$750$491$315$199$22
36 years$1,072$712$460$290$180$19
37 years$1,032$676$430$267$163$16
38 years$993$643$403$246$148$13
39 years$957$611$378$227$134$11
40 years$923$581$354$210$122$9
41 years$890$553$332$193$110$8
42 years$859$527$311$178$100$7
43 years$830$502$292$165$91$6
44 years$802$479$274$152$82$5
45 years$775$456$257$140$75$4
46 years$750$435$242$130$68$3
47 years$726$416$227$120$62$3
48 years$702$397$213$111$56$2
49 years$680$379$201$102$51$2
50 years$659$362$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $675,000, adding $3,236 every year, while hoping to spend $21,873 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: 41/45/14 Blend
73$675,000$675,000$675,000$675,000
74$747,188$711,413$700,950$774,609
75$800,128$722,999$701,160$805,852
76$857,736$734,421$700,643$837,247
77$920,463$745,645$699,352$870,752
78$988,808$756,640$697,238$906,570
79$1,063,320$767,369$694,249$944,923
80$1,144,602$777,793$690,330$986,059
81$1,233,319$787,873$685,424$1,030,249
82$1,330,202$797,563$679,470$1,077,796
83$1,436,056$806,817$672,406$1,129,032
84$1,551,768$815,585$664,166$1,184,324
85$1,678,313$823,814$654,680$1,244,078
86$1,816,766$831,446$643,877$1,308,742
87$1,968,311$838,421$631,681$1,378,812
88$2,134,249$844,674$618,013$1,454,833
89$2,316,016$850,137$602,790$1,537,410
90$2,515,191$854,735$585,925$1,627,210
91$2,733,515$858,391$567,328$1,724,968
92$2,972,904$861,023$546,904$1,831,498
93$3,235,468$862,541$524,553$1,947,698
94$3,523,533$862,853$500,173$2,074,559
95$3,839,659$861,858$473,654$2,213,175
96$4,186,667$859,452$444,884$2,364,754
97$4,567,663$855,521$413,744$2,530,632
98$4,986,070$849,948$380,110$2,712,278
99$5,445,660$842,605$343,854$2,911,321
100$5,950,584$833,359$304,840$3,129,552