Can I retire at age 74 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$60,283$59,746$59,222$58,711$58,211$57,436
2 years$29,843$29,287$28,748$28,226$27,720$26,940
3 years$19,698$19,139$18,602$18,085$17,586$16,827
4 years$14,626$14,070$13,538$13,029$12,543$11,808
5 years$11,584$11,031$10,506$10,008$9,535$8,828
6 years$9,556$9,007$8,490$8,003$7,545$6,866
7 years$8,109$7,564$7,055$6,580$6,136$5,486
8 years$7,024$6,484$5,984$5,520$5,090$4,469
9 years$6,180$5,646$5,154$4,702$4,287$3,694
10 years$5,505$4,976$4,493$4,053$3,652$3,088
11 years$4,954$4,430$3,956$3,527$3,141$2,604
12 years$4,495$3,976$3,510$3,094$2,722$2,212
13 years$4,106$3,593$3,136$2,731$2,374$1,890
14 years$3,774$3,266$2,818$2,425$2,081$1,622
15 years$3,486$2,984$2,544$2,162$1,832$1,398
16 years$3,234$2,738$2,307$1,936$1,619$1,209
17 years$3,012$2,521$2,099$1,740$1,436$1,049
18 years$2,815$2,330$1,916$1,568$1,277$912
19 years$2,639$2,159$1,754$1,417$1,138$794
20 years$2,481$2,006$1,610$1,283$1,016$693
21 years$2,338$1,869$1,481$1,164$910$606
22 years$2,208$1,745$1,365$1,059$815$530
23 years$2,090$1,632$1,260$964$732$465
24 years$1,982$1,529$1,165$879$658$408
25 years$1,882$1,435$1,079$803$592$358
26 years$1,790$1,348$1,001$734$533$314
27 years$1,706$1,269$930$672$481$276
28 years$1,627$1,196$864$616$434$243
29 years$1,554$1,128$804$565$392$214
30 years$1,486$1,065$749$518$354$188
31 years$1,422$1,007$698$476$320$166
32 years$1,363$953$652$437$289$146
33 years$1,307$902$608$402$262$129
34 years$1,255$855$568$370$237$114
35 years$1,206$811$531$341$215$100
36 years$1,159$770$497$314$195$88
37 years$1,116$731$465$289$176$78
38 years$1,074$695$436$266$160$69
39 years$1,035$661$408$246$145$61
40 years$998$629$383$227$132$54
41 years$963$598$359$209$119$47
42 years$929$570$337$193$108$42
43 years$898$543$316$178$98$37
44 years$867$518$296$164$89$33
45 years$839$494$278$152$81$29
46 years$811$471$261$140$74$25
47 years$785$449$246$130$67$22
48 years$760$429$231$120$61$20
49 years$736$410$217$111$55$17
50 years$713$391$204$102$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $730,000, adding $5,157 every year, while hoping to spend $24,652 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: 64/16/20 Blend
73$730,000$730,000$730,000$730,000
74$809,779$771,089$759,774$857,162
75$866,147$782,643$758,997$901,214
76$927,439$793,937$757,368$946,066
77$994,129$804,932$754,832$994,491
78$1,066,743$815,586$751,332$1,046,839
79$1,145,857$825,856$746,807$1,103,497
80$1,232,106$835,694$741,196$1,164,892
81$1,326,186$845,049$734,432$1,231,495
82$1,428,868$853,867$726,446$1,303,823
83$1,540,997$862,091$717,166$1,382,449
84$1,663,503$869,658$706,516$1,468,004
85$1,797,414$876,504$694,418$1,561,184
86$1,943,856$882,559$680,787$1,662,755
87$2,104,074$887,749$665,538$1,773,565
88$2,279,435$891,994$648,578$1,894,546
89$2,471,446$895,211$629,815$2,026,728
90$2,681,767$897,309$609,147$2,171,245
91$2,912,225$898,195$586,471$2,329,349
92$3,164,832$897,768$561,678$2,502,420
93$3,441,806$895,919$534,656$2,691,980
94$3,745,587$892,536$505,283$2,899,707
95$4,078,864$887,498$473,438$3,127,452
96$4,444,600$880,676$438,989$3,377,255
97$4,846,055$871,936$401,802$3,651,366
98$5,286,825$861,132$361,734$3,952,267
99$5,770,866$848,113$318,638$4,282,694
100$6,302,541$832,717$272,358$4,645,662