Can I retire at age 74 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$62,843$62,283$61,737$61,204$60,683$59,629
2 years$31,110$30,531$29,969$29,425$28,897$27,838
3 years$20,534$19,952$19,392$18,853$18,333$17,303
4 years$15,247$14,667$14,112$13,582$13,075$12,082
5 years$12,076$11,499$10,952$10,433$9,940$8,985
6 years$9,962$9,390$8,851$8,343$7,865$6,951
7 years$8,453$7,886$7,355$6,859$6,396$5,523
8 years$7,322$6,759$6,238$5,754$5,306$4,473
9 years$6,442$5,885$5,372$4,901$4,469$3,676
10 years$5,739$5,188$4,684$4,225$3,808$3,054
11 years$5,164$4,618$4,124$3,677$3,275$2,559
12 years$4,686$4,145$3,660$3,225$2,838$2,160
13 years$4,281$3,746$3,270$2,847$2,475$1,833
14 years$3,934$3,405$2,938$2,528$2,169$1,563
15 years$3,634$3,110$2,652$2,254$1,910$1,338
16 years$3,372$2,854$2,405$2,018$1,688$1,149
17 years$3,140$2,628$2,188$1,813$1,497$990
18 years$2,935$2,429$1,998$1,634$1,331$854
19 years$2,751$2,251$1,829$1,477$1,186$739
20 years$2,586$2,092$1,678$1,337$1,060$640
21 years$2,437$1,948$1,544$1,214$948$555
22 years$2,302$1,819$1,423$1,104$850$482
23 years$2,179$1,701$1,314$1,005$763$419
24 years$2,066$1,594$1,215$917$686$365
25 years$1,962$1,496$1,125$837$617$318
26 years$1,866$1,406$1,044$765$556$277
27 years$1,778$1,323$969$701$501$242
28 years$1,696$1,246$901$642$452$211
29 years$1,620$1,176$838$589$408$184
30 years$1,549$1,111$781$540$369$161
31 years$1,483$1,050$728$496$334$140
32 years$1,421$993$679$456$302$123
33 years$1,363$941$634$419$273$107
34 years$1,308$892$593$386$247$94
35 years$1,257$846$554$355$224$82
36 years$1,209$803$518$327$203$72
37 years$1,163$762$485$301$184$63
38 years$1,120$724$454$278$167$55
39 years$1,079$689$426$256$151$48
40 years$1,040$655$399$236$137$42
41 years$1,004$624$374$218$124$37
42 years$969$594$351$201$113$32
43 years$936$566$329$186$102$28
44 years$904$540$309$171$93$25
45 years$874$515$290$158$84$22
46 years$845$491$273$146$77$19
47 years$818$468$256$135$70$17
48 years$792$447$241$125$63$14
49 years$767$427$226$115$57$13
50 years$743$408$213$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $761,000, adding $5,756 every year, while hoping to spend $51,609 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: 26/47/27 Blend
73$761,000$761,000$761,000$761,000
74$844,559$804,226$792,431$859,267
75$875,793$788,722$764,066$856,222
76$908,482$770,728$733,021$848,155
77$942,722$750,068$699,151$838,433
78$978,614$726,556$662,307$826,951
79$1,016,268$699,992$622,330$813,599
80$1,055,805$670,170$579,056$798,263
81$1,097,355$636,866$532,312$780,823
82$1,141,059$599,846$481,918$761,153
83$1,187,072$558,864$427,688$739,124
84$1,235,562$513,657$369,423$714,601
85$1,286,711$463,947$306,921$687,441
86$1,340,719$409,444$239,966$657,498
87$1,397,802$349,837$168,335$624,619
88$1,458,198$284,799$91,794$588,647
89$1,522,166$213,986$10,101$549,418
90$1,589,989$137,033$0$506,762
91$1,661,975$53,555$0$482,710
92$1,738,462$0$0$459,424
93$1,819,821$0$0$452,946
94$1,906,456$0$0$475,612
95$1,998,809$0$0$499,849
96$2,097,366$0$0$525,792
97$2,202,658$0$0$553,593
98$2,315,267$0$0$583,417
99$2,435,833$0$0$615,443
100$2,565,056$0$0$649,870