Can I retire at age 74 with 725,000?

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 $725,000?

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$59,870$59,337$58,816$58,308$57,813$57,137
2 years$29,639$29,087$28,552$28,033$27,530$26,850
3 years$19,563$19,008$18,475$17,961$17,466$16,803
4 years$14,526$13,973$13,445$12,940$12,457$11,816
5 years$11,504$10,955$10,434$9,939$9,470$8,852
6 years$9,491$8,946$8,432$7,948$7,493$6,900
7 years$8,053$7,513$7,007$6,535$6,094$5,525
8 years$6,975$6,440$5,943$5,482$5,055$4,512
9 years$6,138$5,607$5,118$4,669$4,257$3,738
10 years$5,468$4,942$4,462$4,025$3,627$3,132
11 years$4,920$4,400$3,929$3,503$3,120$2,648
12 years$4,464$3,949$3,486$3,073$2,704$2,255
13 years$4,078$3,569$3,115$2,713$2,358$1,931
14 years$3,748$3,244$2,799$2,408$2,067$1,662
15 years$3,462$2,963$2,527$2,147$1,820$1,437
16 years$3,212$2,719$2,291$1,923$1,608$1,246
17 years$2,992$2,504$2,085$1,728$1,426$1,084
18 years$2,796$2,314$1,903$1,557$1,268$945
19 years$2,621$2,144$1,742$1,407$1,130$825
20 years$2,464$1,993$1,599$1,274$1,009$723
21 years$2,322$1,856$1,471$1,156$903$633
22 years$2,193$1,733$1,355$1,051$810$556
23 years$2,076$1,620$1,252$958$727$489
24 years$1,968$1,518$1,157$873$653$430
25 years$1,869$1,425$1,072$798$588$379
26 years$1,778$1,339$994$729$530$334
27 years$1,694$1,260$923$668$477$294
28 years$1,616$1,188$858$612$431$260
29 years$1,543$1,120$799$561$389$229
30 years$1,476$1,058$744$515$351$203
31 years$1,413$1,000$694$473$318$179
32 years$1,354$946$647$434$287$158
33 years$1,298$896$604$400$260$140
34 years$1,246$849$565$368$236$124
35 years$1,198$806$528$338$213$110
36 years$1,151$765$494$312$193$97
37 years$1,108$726$462$287$175$86
38 years$1,067$690$433$265$159$76
39 years$1,028$656$405$244$144$67
40 years$991$624$380$225$131$60
41 years$956$594$356$208$119$53
42 years$923$566$334$192$108$47
43 years$891$539$314$177$98$41
44 years$861$514$294$163$89$37
45 years$833$490$276$151$80$33
46 years$805$468$260$139$73$29
47 years$779$446$244$129$66$26
48 years$754$426$229$119$60$23
49 years$731$407$215$110$55$20
50 years$708$389$203$102$50$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $725,000, adding $6,806 every year, while hoping to spend $36,764 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: 72/11/17 Blend
73$725,000$725,000$725,000$725,000
74$805,970$767,545$756,308$860,342
75$849,063$766,039$742,528$895,838
76$895,318$763,226$727,053$929,600
77$945,021$759,004$709,790$965,623
78$998,482$753,264$690,637$1,004,125
79$1,056,045$745,891$669,490$1,045,345
80$1,118,083$736,762$646,240$1,089,549
81$1,185,011$725,746$620,772$1,137,028
82$1,257,281$712,707$592,967$1,188,105
83$1,335,391$697,497$562,700$1,243,138
84$1,419,890$679,964$529,839$1,302,519
85$1,511,379$659,942$494,248$1,366,685
86$1,610,519$637,259$455,786$1,436,113
87$1,718,039$611,731$414,301$1,511,336
88$1,834,737$583,164$369,639$1,592,937
89$1,961,495$551,354$321,637$1,681,564
90$2,099,281$516,083$270,124$1,777,928
91$2,249,158$477,122$214,924$1,882,819
92$2,412,299$434,228$155,851$1,997,104
93$2,589,992$387,144$92,711$2,121,743
94$2,783,657$335,600$25,302$2,257,796
95$2,994,855$279,309$0$2,406,430
96$3,225,304$217,968$0$2,577,396
97$3,476,895$151,259$0$2,769,105
98$3,751,710$78,843$0$2,978,577
99$4,052,042$364$0$3,207,587
100$4,380,415$0$0$3,458,096