Can I retire at age 74 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$62,512$61,956$61,412$60,882$60,364$58,596
2 years$30,947$30,370$29,812$29,270$28,745$26,978
3 years$20,426$19,847$19,290$18,754$18,237$16,527
4 years$15,167$14,590$14,038$13,511$13,007$11,366
5 years$12,012$11,439$10,894$10,378$9,888$8,321
6 years$9,910$9,341$8,804$8,299$7,824$6,332
7 years$8,409$7,844$7,316$6,823$6,363$4,947
8 years$7,283$6,724$6,205$5,724$5,278$3,937
9 years$6,408$5,854$5,344$4,875$4,445$3,177
10 years$5,709$5,160$4,659$4,203$3,788$2,591
11 years$5,137$4,594$4,102$3,658$3,257$2,130
12 years$4,661$4,123$3,640$3,208$2,823$1,763
13 years$4,258$3,726$3,252$2,832$2,462$1,467
14 years$3,913$3,387$2,922$2,514$2,158$1,225
15 years$3,615$3,094$2,638$2,242$1,900$1,027
16 years$3,354$2,839$2,392$2,008$1,679$863
17 years$3,124$2,614$2,177$1,804$1,489$728
18 years$2,919$2,416$1,987$1,626$1,324$614
19 years$2,737$2,239$1,819$1,469$1,180$520
20 years$2,573$2,081$1,669$1,330$1,054$440
21 years$2,425$1,938$1,536$1,207$943$373
22 years$2,290$1,809$1,415$1,098$845$317
23 years$2,167$1,692$1,307$1,000$759$269
24 years$2,055$1,585$1,209$912$682$228
25 years$1,952$1,488$1,119$833$614$194
26 years$1,857$1,398$1,038$761$553$165
27 years$1,769$1,316$964$697$498$141
28 years$1,687$1,240$896$639$450$120
29 years$1,611$1,170$834$586$406$102
30 years$1,541$1,105$777$537$367$87
31 years$1,475$1,044$724$494$332$74
32 years$1,413$988$676$454$300$63
33 years$1,356$936$631$417$272$54
34 years$1,301$887$589$384$246$46
35 years$1,250$841$551$353$223$39
36 years$1,202$798$516$325$202$33
37 years$1,157$758$483$300$183$28
38 years$1,114$721$452$276$166$24
39 years$1,073$685$423$255$150$21
40 years$1,035$652$397$235$136$18
41 years$998$621$372$217$124$15
42 years$964$591$349$200$112$13
43 years$931$563$328$185$102$11
44 years$899$537$307$171$92$9
45 years$870$512$289$158$84$8
46 years$841$488$271$146$76$7
47 years$814$466$255$134$69$6
48 years$788$445$239$124$63$5
49 years$763$425$225$115$57$4
50 years$739$406$212$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $757,000, adding $4,195 every year, while hoping to spend $52,210 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: 58/37/5 Blend
73$757,000$757,000$757,000$757,000
74$838,541$798,420$786,687$886,163
75$868,521$781,992$757,490$902,168
76$899,810$763,008$725,565$913,287
77$932,484$741,290$690,765$924,086
78$966,630$716,645$652,938$934,538
79$1,002,338$688,873$611,923$944,614
80$1,039,707$657,758$567,554$954,286
81$1,078,845$623,076$519,654$963,526
82$1,119,867$584,587$468,042$972,306
83$1,162,899$542,037$412,527$980,598
84$1,208,077$495,160$352,910$988,377
85$1,255,551$443,672$288,982$995,615
86$1,305,481$387,276$220,526$1,002,290
87$1,358,042$325,654$147,316$1,008,379
88$1,413,426$258,475$69,115$1,013,863
89$1,471,840$185,385$0$1,018,726
90$1,533,511$106,012$0$1,023,719
91$1,598,686$19,963$0$1,032,054
92$1,667,635$0$0$1,040,052
93$1,740,651$0$0$1,077,524
94$1,818,058$0$0$1,125,895
95$1,900,205$0$0$1,177,263
96$1,987,478$0$0$1,231,870
97$2,080,296$0$0$1,289,984
98$2,179,120$0$0$1,351,899
99$2,284,453$0$0$1,417,935
100$2,396,846$0$0$1,488,443