Can I retire at age 74 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$59,127$58,600$58,086$57,585$57,095$56,011
2 years$29,271$28,725$28,197$27,685$27,188$26,100
3 years$19,320$18,772$18,245$17,738$17,249$16,191
4 years$14,346$13,800$13,278$12,779$12,302$11,283
5 years$11,362$10,819$10,304$9,816$9,352$8,373
6 years$9,373$8,835$8,327$7,850$7,400$6,463
7 years$7,953$7,419$6,920$6,454$6,018$5,124
8 years$6,889$6,360$5,869$5,414$4,993$4,141
9 years$6,061$5,537$5,055$4,611$4,204$3,394
10 years$5,400$4,881$4,407$3,975$3,582$2,813
11 years$4,859$4,345$3,880$3,459$3,081$2,352
12 years$4,408$3,900$3,443$3,034$2,670$1,979
13 years$4,028$3,524$3,076$2,679$2,328$1,676
14 years$3,701$3,204$2,764$2,378$2,041$1,425
15 years$3,419$2,927$2,496$2,121$1,797$1,216
16 years$3,172$2,685$2,263$1,899$1,588$1,042
17 years$2,955$2,473$2,059$1,706$1,408$894
18 years$2,761$2,285$1,879$1,538$1,252$770
19 years$2,589$2,118$1,721$1,389$1,116$664
20 years$2,433$1,968$1,579$1,258$997$573
21 years$2,293$1,833$1,452$1,142$892$496
22 years$2,166$1,711$1,339$1,038$800$429
23 years$2,050$1,600$1,236$946$718$372
24 years$1,944$1,499$1,143$862$645$323
25 years$1,846$1,407$1,059$788$581$280
26 years$1,756$1,322$982$720$523$244
27 years$1,673$1,245$912$659$471$212
28 years$1,596$1,173$848$604$425$184
29 years$1,524$1,106$789$554$384$160
30 years$1,457$1,045$735$508$347$139
31 years$1,395$988$685$467$314$121
32 years$1,337$935$639$429$284$106
33 years$1,282$885$597$395$257$92
34 years$1,231$839$558$363$233$80
35 years$1,183$796$521$334$211$70
36 years$1,137$755$488$308$191$61
37 years$1,094$717$456$284$173$53
38 years$1,054$682$427$261$157$46
39 years$1,015$648$400$241$142$40
40 years$979$617$375$222$129$35
41 years$944$587$352$205$117$31
42 years$912$559$330$189$106$27
43 years$880$533$310$175$96$23
44 years$851$508$291$161$87$20
45 years$822$484$273$149$79$18
46 years$795$462$256$138$72$16
47 years$770$441$241$127$65$14
48 years$745$421$226$117$59$12
49 years$722$402$213$109$54$10
50 years$699$384$200$100$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $716,000, adding $4,699 every year, while hoping to spend $22,694 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: 80/8/12 Blend
73$716,000$716,000$716,000$716,000
74$793,879$755,931$744,833$855,262
75$850,708$768,825$745,639$909,141
76$912,574$781,591$745,711$964,829
77$979,965$794,198$745,001$1,025,282
78$1,053,421$806,613$743,457$1,090,963
79$1,133,534$818,801$741,028$1,162,387
80$1,220,958$830,726$737,656$1,240,120
81$1,316,411$842,347$733,282$1,324,784
82$1,420,684$853,621$727,847$1,417,065
83$1,534,648$864,502$721,283$1,517,719
84$1,659,261$874,942$713,526$1,627,580
85$1,795,580$884,888$704,503$1,747,564
86$1,944,766$894,284$694,140$1,878,682
87$2,108,098$903,071$682,361$2,022,049
88$2,286,988$911,185$669,083$2,178,890
89$2,482,985$918,558$654,222$2,350,559
90$2,697,801$925,118$637,689$2,538,546
91$2,933,316$930,788$619,391$2,744,491
92$3,191,604$935,487$599,231$2,970,204
93$3,474,950$939,127$577,107$3,217,678
94$3,785,867$941,617$552,913$3,489,110
95$4,127,127$942,857$526,536$3,786,921
96$4,501,780$942,744$497,862$4,113,776
97$4,913,190$941,167$466,769$4,472,617
98$5,365,059$938,007$433,129$4,866,682
99$5,861,466$933,141$396,810$5,299,541
100$6,406,905$926,435$357,673$5,775,127