Can I retire at age 74 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$60,613$60,073$59,546$59,032$58,530$58,113
2 years$30,006$29,448$28,906$28,381$27,872$27,450
3 years$19,806$19,244$18,704$18,184$17,683$17,271
4 years$14,706$14,147$13,612$13,100$12,612$12,213
5 years$11,647$11,091$10,563$10,062$9,587$9,202
6 years$9,609$9,057$8,537$8,047$7,586$7,215
7 years$8,153$7,606$7,094$6,616$6,169$5,813
8 years$7,062$6,520$6,016$5,550$5,118$4,777
9 years$6,214$5,676$5,182$4,727$4,310$3,983
10 years$5,536$5,004$4,518$4,075$3,672$3,360
11 years$4,981$4,454$3,977$3,546$3,158$2,860
12 years$4,519$3,998$3,530$3,111$2,737$2,452
13 years$4,129$3,613$3,154$2,746$2,387$2,116
14 years$3,794$3,284$2,834$2,438$2,092$1,834
15 years$3,505$3,000$2,558$2,174$1,842$1,597
16 years$3,252$2,753$2,319$1,947$1,628$1,395
17 years$3,029$2,535$2,111$1,749$1,444$1,223
18 years$2,831$2,342$1,927$1,576$1,284$1,075
19 years$2,654$2,171$1,764$1,424$1,144$946
20 years$2,495$2,017$1,619$1,290$1,022$835
21 years$2,351$1,879$1,489$1,171$914$738
22 years$2,220$1,754$1,372$1,064$820$653
23 years$2,101$1,641$1,267$969$736$579
24 years$1,992$1,537$1,172$884$661$514
25 years$1,892$1,442$1,085$807$595$456
26 years$1,800$1,356$1,007$738$536$406
27 years$1,715$1,276$935$676$483$361
28 years$1,636$1,202$869$619$436$321
29 years$1,563$1,134$809$568$394$286
30 years$1,494$1,071$753$521$356$255
31 years$1,430$1,013$702$479$322$228
32 years$1,370$958$655$440$291$203
33 years$1,314$907$612$404$263$181
34 years$1,262$860$572$372$238$162
35 years$1,212$816$534$343$216$144
36 years$1,166$774$500$316$196$129
37 years$1,122$735$468$291$177$115
38 years$1,080$699$438$268$161$103
39 years$1,041$664$410$247$146$92
40 years$1,003$632$385$228$132$82
41 years$968$602$361$210$120$74
42 years$934$573$338$194$109$66
43 years$903$546$318$179$99$59
44 years$872$521$298$165$90$53
45 years$843$496$280$153$81$47
46 years$815$473$263$141$74$42
47 years$789$452$247$130$67$38
48 years$764$431$232$120$61$34
49 years$740$412$218$111$55$30
50 years$717$393$205$103$50$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $734,000, adding $2,946 every year, while hoping to spend $53,991 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: 65/12/23 Blend
73$734,000$734,000$734,000$734,000
74$811,907$773,005$761,628$859,675
75$837,275$753,436$729,696$872,624
76$863,422$731,099$694,886$880,411
77$890,369$705,801$657,042$887,682
78$918,139$677,337$616,006$894,390
79$946,756$645,493$571,608$900,485
80$976,243$610,041$523,675$905,914
81$1,006,624$570,738$472,023$910,619
82$1,037,925$527,329$416,461$914,543
83$1,070,171$479,545$356,790$917,620
84$1,103,386$427,101$292,800$919,785
85$1,137,597$369,694$224,275$920,967
86$1,172,830$307,007$150,986$921,089
87$1,209,111$238,704$72,697$920,073
88$1,246,468$164,427$0$917,834
89$1,284,927$83,804$0$916,947
90$1,324,516$0$0$933,866
91$1,365,261$0$0$951,168
92$1,407,190$0$0$980,358
93$1,450,329$0$0$1,010,389
94$1,494,707$0$0$1,041,280
95$1,540,349$0$0$1,073,048
96$1,587,282$0$0$1,105,711
97$1,635,531$0$0$1,139,288
98$1,685,122$0$0$1,173,794
99$1,736,078$0$0$1,209,246
100$1,788,422$0$0$1,245,659