Can I retire at age 74 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$61,687$61,137$60,601$60,078$59,567$58,749
2 years$30,538$29,969$29,418$28,884$28,365$27,543
3 years$20,156$19,585$19,035$18,506$17,996$17,195
4 years$14,967$14,397$13,853$13,333$12,835$12,061
5 years$11,854$11,288$10,750$10,241$9,757$9,012
6 years$9,779$9,217$8,688$8,190$7,720$7,006
7 years$8,298$7,741$7,220$6,733$6,279$5,594
8 years$7,187$6,635$6,123$5,648$5,209$4,555
9 years$6,324$5,777$5,274$4,811$4,387$3,763
10 years$5,634$5,092$4,598$4,147$3,738$3,143
11 years$5,069$4,533$4,048$3,609$3,214$2,649
12 years$4,599$4,069$3,592$3,166$2,786$2,249
13 years$4,202$3,677$3,209$2,795$2,429$1,920
14 years$3,862$3,342$2,884$2,481$2,129$1,647
15 years$3,567$3,053$2,604$2,213$1,875$1,419
16 years$3,309$2,801$2,361$1,981$1,657$1,226
17 years$3,082$2,580$2,148$1,780$1,469$1,062
18 years$2,881$2,384$1,961$1,604$1,306$923
19 years$2,701$2,209$1,795$1,450$1,164$804
20 years$2,539$2,053$1,647$1,313$1,040$701
21 years$2,392$1,912$1,515$1,191$931$612
22 years$2,260$1,785$1,397$1,083$834$535
23 years$2,139$1,670$1,289$987$749$469
24 years$2,028$1,564$1,193$900$673$411
25 years$1,926$1,468$1,105$822$606$360
26 years$1,832$1,380$1,024$751$546$316
27 years$1,745$1,298$951$688$492$278
28 years$1,665$1,224$884$630$444$244
29 years$1,590$1,154$823$578$401$215
30 years$1,521$1,090$767$530$362$189
31 years$1,456$1,030$715$487$327$166
32 years$1,395$975$667$448$296$146
33 years$1,338$923$623$412$268$129
34 years$1,284$875$582$379$243$114
35 years$1,234$830$544$349$220$100
36 years$1,186$788$509$321$199$88
37 years$1,142$748$476$296$180$78
38 years$1,099$711$446$273$164$69
39 years$1,059$676$418$251$148$60
40 years$1,021$643$392$232$135$53
41 years$985$612$367$214$122$47
42 years$951$583$344$197$111$41
43 years$919$556$323$182$101$37
44 years$888$530$303$168$91$32
45 years$858$505$285$155$83$28
46 years$830$482$268$144$75$25
47 years$803$460$251$133$68$22
48 years$777$439$236$123$62$20
49 years$753$419$222$113$56$17
50 years$729$400$209$105$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $747,000, adding $6,827 every year, while hoping to spend $52,415 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: 47/47/6 Blend
73$747,000$747,000$747,000$747,000
74$830,236$790,645$779,067$867,620
75$859,151$773,618$749,396$876,945
76$889,258$753,999$716,975$880,984
77$920,625$731,607$681,656$884,133
78$953,322$706,249$643,284$886,322
79$987,425$677,720$601,699$887,482
80$1,023,019$645,804$556,732$887,539
81$1,060,191$610,273$508,207$886,415
82$1,099,040$570,885$455,941$884,030
83$1,139,668$527,385$399,741$880,300
84$1,182,188$479,501$339,407$875,138
85$1,226,724$426,949$274,729$868,454
86$1,273,406$369,426$205,489$860,153
87$1,322,380$306,614$131,459$850,140
88$1,373,799$238,175$52,400$838,313
89$1,427,835$163,753$0$824,571
90$1,484,670$82,973$0$810,852
91$1,544,505$0$0$798,716
92$1,607,558$0$0$787,070
93$1,674,065$0$0$820,082
94$1,744,287$0$0$854,973
95$1,818,504$0$0$891,886
96$1,897,025$0$0$930,981
97$1,980,186$0$0$972,429
98$2,068,353$0$0$1,016,419
99$2,161,928$0$0$1,063,157
100$2,261,351$0$0$1,112,869