Can I retire at age 74 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$61,026$60,482$59,952$59,434$58,929$57,226
2 years$30,211$29,648$29,103$28,574$28,061$26,359
3 years$19,941$19,375$18,832$18,308$17,803$16,155
4 years$14,806$14,243$13,705$13,190$12,697$11,116
5 years$11,727$11,167$10,635$10,131$9,652$8,142
6 years$9,674$9,118$8,595$8,102$7,638$6,200
7 years$8,209$7,658$7,142$6,661$6,211$4,846
8 years$7,110$6,564$6,057$5,588$5,153$3,859
9 years$6,256$5,715$5,217$4,759$4,340$3,116
10 years$5,573$5,038$4,548$4,103$3,698$2,543
11 years$5,015$4,485$4,004$3,571$3,180$2,092
12 years$4,550$4,025$3,554$3,132$2,756$1,733
13 years$4,157$3,638$3,175$2,765$2,403$1,442
14 years$3,820$3,307$2,853$2,454$2,106$1,206
15 years$3,529$3,021$2,576$2,189$1,855$1,011
16 years$3,274$2,771$2,335$1,960$1,639$851
17 years$3,049$2,552$2,125$1,761$1,453$718
18 years$2,850$2,358$1,940$1,587$1,292$606
19 years$2,672$2,186$1,776$1,434$1,152$513
20 years$2,512$2,031$1,630$1,299$1,029$435
21 years$2,367$1,892$1,499$1,179$921$369
22 years$2,235$1,766$1,382$1,072$825$313
23 years$2,116$1,652$1,276$976$741$266
24 years$2,006$1,548$1,180$890$666$227
25 years$1,905$1,452$1,093$813$599$193
26 years$1,812$1,365$1,013$743$540$164
27 years$1,727$1,285$941$680$487$140
28 years$1,647$1,210$875$623$439$119
29 years$1,573$1,142$814$572$396$102
30 years$1,504$1,078$758$525$358$87
31 years$1,440$1,019$707$482$324$74
32 years$1,380$965$660$443$293$63
33 years$1,323$913$616$407$265$54
34 years$1,270$866$575$375$240$46
35 years$1,221$821$538$345$217$39
36 years$1,174$779$503$318$197$33
37 years$1,129$740$471$293$179$29
38 years$1,088$704$441$270$162$24
39 years$1,048$669$413$249$147$21
40 years$1,010$636$387$229$133$18
41 years$975$606$363$212$121$15
42 years$941$577$341$195$110$13
43 years$909$550$320$180$99$11
44 years$878$524$300$167$90$9
45 years$849$500$282$154$82$8
46 years$821$477$265$142$74$7
47 years$794$455$249$131$68$6
48 years$769$434$234$121$61$5
49 years$745$415$220$112$56$4
50 years$722$396$206$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $739,000, adding $5,048 every year, while hoping to spend $37,900 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: 62/14/24 Blend
73$739,000$739,000$739,000$739,000
74$819,585$780,418$768,964$864,912
75$862,857$778,333$754,398$894,117
76$909,273$774,876$738,075$921,373
77$959,113$769,939$719,895$950,293
78$1,012,686$763,409$699,754$981,047
79$1,070,328$755,164$677,544$1,013,820
80$1,132,412$745,078$653,153$1,048,819
81$1,199,345$733,014$626,461$1,086,274
82$1,271,576$718,829$597,344$1,126,439
83$1,349,595$702,370$565,674$1,169,596
84$1,433,945$683,477$531,315$1,216,057
85$1,525,219$661,980$494,126$1,266,169
86$1,624,071$637,696$453,959$1,320,314
87$1,731,219$610,436$410,659$1,378,919
88$1,847,453$579,997$364,066$1,442,451
89$1,973,643$546,166$314,011$1,511,433
90$2,110,742$508,716$260,319$1,586,441
91$2,259,803$467,409$202,805$1,668,111
92$2,421,982$421,991$141,278$1,757,150
93$2,598,551$372,195$75,537$1,854,338
94$2,790,910$317,740$5,375$1,960,538
95$3,000,600$258,326$0$2,076,706
96$3,229,316$193,639$0$2,221,695
97$3,478,926$123,346$0$2,381,501
98$3,751,482$47,096$0$2,556,097
99$4,049,246$0$0$2,746,974
100$4,374,709$0$0$2,961,240