Can I retire at age 74 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$61,191$60,646$60,114$59,595$59,088$57,197
2 years$30,293$29,728$29,182$28,652$28,137$26,249
3 years$19,994$19,428$18,882$18,357$17,851$16,026
4 years$14,846$14,282$13,742$13,225$12,732$10,983
5 years$11,758$11,197$10,664$10,158$9,679$8,011
6 years$9,700$9,143$8,618$8,124$7,658$6,073
7 years$8,231$7,678$7,162$6,679$6,228$4,725
8 years$7,129$6,582$6,074$5,603$5,167$3,746
9 years$6,273$5,731$5,231$4,772$4,351$3,010
10 years$5,588$5,051$4,561$4,114$3,708$2,444
11 years$5,029$4,497$4,015$3,580$3,189$2,000
12 years$4,562$4,036$3,563$3,140$2,763$1,648
13 years$4,168$3,647$3,184$2,772$2,410$1,364
14 years$3,831$3,315$2,861$2,461$2,112$1,134
15 years$3,538$3,029$2,583$2,195$1,860$946
16 years$3,283$2,779$2,342$1,965$1,644$791
17 years$3,058$2,559$2,131$1,766$1,457$663
18 years$2,858$2,365$1,945$1,591$1,296$557
19 years$2,679$2,192$1,781$1,438$1,155$469
20 years$2,518$2,037$1,634$1,302$1,032$395
21 years$2,373$1,897$1,503$1,182$923$333
22 years$2,242$1,771$1,385$1,075$828$281
23 years$2,121$1,656$1,279$979$743$237
24 years$2,011$1,552$1,183$893$668$201
25 years$1,910$1,456$1,096$815$601$170
26 years$1,817$1,369$1,016$745$541$144
27 years$1,731$1,288$944$682$488$121
28 years$1,652$1,214$877$625$440$103
29 years$1,577$1,145$816$573$398$87
30 years$1,508$1,081$760$526$359$74
31 years$1,444$1,022$709$483$325$63
32 years$1,384$967$661$444$294$53
33 years$1,327$916$618$408$266$45
34 years$1,274$868$577$376$241$38
35 years$1,224$823$539$346$218$32
36 years$1,177$782$505$319$198$27
37 years$1,132$742$472$293$179$23
38 years$1,090$705$442$270$162$20
39 years$1,051$671$414$249$147$17
40 years$1,013$638$388$230$134$14
41 years$977$608$364$212$121$12
42 years$943$579$342$196$110$10
43 years$911$551$321$181$100$9
44 years$880$525$301$167$91$7
45 years$851$501$283$154$82$6
46 years$823$478$265$142$75$5
47 years$797$456$249$132$68$4
48 years$771$435$234$122$62$4
49 years$747$416$220$112$56$3
50 years$723$397$207$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $741,000, adding $6,222 every year, while hoping to spend $33,392 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: 58/36/6 Blend
73$741,000$741,000$741,000$741,000
74$823,000$783,727$772,241$869,376
75$871,417$786,601$762,583$904,115
76$923,654$788,496$751,481$937,618
77$980,064$789,330$738,854$973,296
78$1,041,037$789,014$724,612$1,011,359
79$1,107,002$787,454$708,665$1,052,040
80$1,178,427$784,551$690,917$1,095,595
81$1,255,832$780,199$671,267$1,142,310
82$1,339,783$774,285$649,611$1,192,498
83$1,430,907$766,691$625,839$1,246,509
84$1,529,892$757,291$599,837$1,304,726
85$1,637,493$745,951$571,484$1,367,577
86$1,754,543$732,528$540,654$1,435,530
87$1,881,959$716,874$507,218$1,509,108
88$2,020,747$698,829$471,039$1,588,886
89$2,172,016$678,225$431,972$1,675,500
90$2,336,987$654,884$389,868$1,769,654
91$2,517,004$628,617$344,573$1,872,125
92$2,713,544$599,225$295,921$1,983,774
93$2,928,234$566,496$243,744$2,105,550
94$3,162,867$530,207$187,862$2,238,503
95$3,419,416$490,124$128,092$2,383,794
96$3,700,051$445,994$64,238$2,542,704
97$4,007,165$397,556$0$2,716,650
98$4,343,390$344,531$0$2,907,448
99$4,711,625$286,623$0$3,120,979
100$5,115,066$223,522$0$3,355,052