Can I retire at age 74 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$57,805$57,290$56,788$56,298$55,819$55,374
2 years$28,617$28,084$27,567$27,066$26,580$26,132
3 years$18,888$18,353$17,838$17,342$16,864$16,426
4 years$14,025$13,491$12,981$12,494$12,027$11,603
5 years$11,108$10,577$10,074$9,596$9,143$8,734
6 years$9,164$8,637$8,141$7,674$7,235$6,841
7 years$7,776$7,254$6,765$6,309$5,884$5,506
8 years$6,735$6,218$5,738$5,293$4,881$4,519
9 years$5,926$5,414$4,942$4,508$4,111$3,764
10 years$5,279$4,772$4,308$3,886$3,502$3,171
11 years$4,750$4,248$3,793$3,382$3,012$2,696
12 years$4,310$3,813$3,366$2,967$2,610$2,309
13 years$3,938$3,446$3,008$2,619$2,276$1,989
14 years$3,619$3,132$2,702$2,325$1,995$1,722
15 years$3,343$2,861$2,440$2,073$1,757$1,497
16 years$3,101$2,625$2,212$1,857$1,553$1,307
17 years$2,889$2,418$2,013$1,668$1,377$1,144
18 years$2,700$2,234$1,837$1,503$1,224$1,003
19 years$2,531$2,070$1,682$1,358$1,091$882
20 years$2,379$1,924$1,544$1,230$975$777
21 years$2,242$1,792$1,420$1,117$872$686
22 years$2,117$1,673$1,309$1,015$782$607
23 years$2,004$1,565$1,208$925$702$537
24 years$1,900$1,466$1,118$843$631$476
25 years$1,805$1,376$1,035$770$568$422
26 years$1,717$1,293$960$704$511$374
27 years$1,635$1,217$891$645$461$333
28 years$1,560$1,147$829$591$416$296
29 years$1,490$1,082$771$542$376$263
30 years$1,425$1,021$718$497$339$234
31 years$1,364$966$670$456$307$208
32 years$1,307$914$625$419$278$186
33 years$1,254$865$583$386$251$165
34 years$1,203$820$545$355$227$147
35 years$1,156$778$510$327$206$131
36 years$1,112$738$477$301$187$117
37 years$1,070$701$446$277$169$104
38 years$1,030$666$418$256$153$93
39 years$993$634$391$236$139$83
40 years$957$603$367$217$126$74
41 years$923$574$344$201$114$66
42 years$891$547$323$185$104$59
43 years$861$521$303$171$94$53
44 years$832$496$284$158$86$47
45 years$804$473$267$146$78$42
46 years$778$452$251$135$70$38
47 years$753$431$236$124$64$34
48 years$728$411$221$115$58$30
49 years$705$393$208$106$53$27
50 years$683$375$196$98$48$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $700,000, adding $4,706 every year, while hoping to spend $35,074 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: 85/7/8 Blend
73$700,000$700,000$700,000$700,000
74$776,254$739,154$728,304$841,159
75$818,114$738,054$715,384$883,134
76$863,067$735,725$700,855$923,979
77$911,394$732,069$684,627$967,748
78$963,398$726,983$666,605$1,014,714
79$1,019,418$720,358$646,689$1,065,174
80$1,079,820$712,077$624,775$1,119,456
81$1,145,011$702,018$600,754$1,177,923
82$1,215,435$690,050$574,512$1,240,972
83$1,291,582$676,035$545,931$1,309,042
84$1,373,989$659,826$514,885$1,382,616
85$1,463,248$641,270$481,246$1,462,225
86$1,560,008$620,201$444,877$1,548,455
87$1,664,984$596,446$405,635$1,641,951
88$1,778,962$569,822$363,374$1,743,423
89$1,902,807$540,134$317,938$1,853,655
90$2,037,470$507,176$269,165$1,973,509
91$2,183,996$470,732$216,886$2,103,935
92$2,343,536$430,571$160,925$2,245,981
93$2,517,359$386,451$101,097$2,400,799
94$2,706,857$338,114$37,211$2,569,660
95$2,913,564$285,290$0$2,753,967
96$3,139,170$227,692$0$2,957,905
97$3,385,533$165,016$0$3,184,094
98$3,654,699$96,944$0$3,431,247
99$3,948,921$23,137$0$3,701,449
100$4,270,680$0$0$3,996,999