Can I retire at age 74 with 734,000?

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 $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%18.5%
1 years$60,613$60,073$59,546$59,032$58,530$56,521
2 years$30,006$29,448$28,906$28,381$27,872$25,868
3 years$19,806$19,244$18,704$18,184$17,683$15,747
4 years$14,706$14,147$13,612$13,100$12,612$10,759
5 years$11,647$11,091$10,563$10,062$9,587$7,823
6 years$9,609$9,057$8,537$8,047$7,586$5,911
7 years$8,153$7,606$7,094$6,616$6,169$4,584
8 years$7,062$6,520$6,016$5,550$5,118$3,620
9 years$6,214$5,676$5,182$4,727$4,310$2,899
10 years$5,536$5,004$4,518$4,075$3,672$2,345
11 years$4,981$4,454$3,977$3,546$3,158$1,912
12 years$4,519$3,998$3,530$3,111$2,737$1,568
13 years$4,129$3,613$3,154$2,746$2,387$1,293
14 years$3,794$3,284$2,834$2,438$2,092$1,071
15 years$3,505$3,000$2,558$2,174$1,842$889
16 years$3,252$2,753$2,319$1,947$1,628$741
17 years$3,029$2,535$2,111$1,749$1,444$618
18 years$2,831$2,342$1,927$1,576$1,284$517
19 years$2,654$2,171$1,764$1,424$1,144$433
20 years$2,495$2,017$1,619$1,290$1,022$363
21 years$2,351$1,879$1,489$1,171$914$305
22 years$2,220$1,754$1,372$1,064$820$256
23 years$2,101$1,641$1,267$969$736$215
24 years$1,992$1,537$1,172$884$661$181
25 years$1,892$1,442$1,085$807$595$152
26 years$1,800$1,356$1,007$738$536$128
27 years$1,715$1,276$935$676$483$108
28 years$1,636$1,202$869$619$436$91
29 years$1,563$1,134$809$568$394$77
30 years$1,494$1,071$753$521$356$65
31 years$1,430$1,013$702$479$322$54
32 years$1,370$958$655$440$291$46
33 years$1,314$907$612$404$263$39
34 years$1,262$860$572$372$238$33
35 years$1,212$816$534$343$216$28
36 years$1,166$774$500$316$196$23
37 years$1,122$735$468$291$177$20
38 years$1,080$699$438$268$161$17
39 years$1,041$664$410$247$146$14
40 years$1,003$632$385$228$132$12
41 years$968$602$361$210$120$10
42 years$934$573$338$194$109$8
43 years$903$546$318$179$99$7
44 years$872$521$298$165$90$6
45 years$843$496$280$153$81$5
46 years$815$473$263$141$74$4
47 years$789$452$247$130$67$4
48 years$764$431$232$120$61$3
49 years$740$412$218$111$55$3
50 years$717$393$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $734,000, adding $2,598 every year, while hoping to spend $22,945 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: 56/16/28 Blend
73$734,000$734,000$734,000$734,000
74$811,548$772,646$761,269$850,600
75$869,912$786,092$762,358$891,204
76$933,461$799,428$762,715$932,820
77$1,002,699$812,625$762,290$977,699
78$1,078,180$825,650$761,033$1,026,163
79$1,160,517$838,469$758,890$1,078,569
80$1,250,381$851,045$755,804$1,135,308
81$1,348,513$863,340$751,717$1,196,816
82$1,455,729$875,311$746,567$1,263,568
83$1,572,925$886,913$740,289$1,336,094
84$1,701,090$898,098$732,815$1,414,975
85$1,841,311$908,814$724,074$1,500,852
86$1,994,785$919,007$713,991$1,594,436
87$2,162,833$928,618$702,489$1,696,506
88$2,346,905$937,584$689,486$1,807,926
89$2,548,602$945,838$674,897$1,929,646
90$2,769,685$953,310$658,631$2,062,716
91$3,012,094$959,923$640,596$2,208,293
92$3,277,965$965,597$620,694$2,367,655
93$3,569,653$970,246$598,822$2,542,209
94$3,889,748$973,779$574,874$2,733,509
95$4,241,107$976,099$548,736$2,943,268
96$4,626,875$977,102$520,294$3,173,377
97$5,050,516$976,680$489,423$3,425,920
98$5,515,847$974,716$455,997$3,703,196
99$6,027,072$971,085$419,882$4,007,739
100$6,588,823$965,659$380,938$4,342,347