Can I retire at age 74 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$62,925$62,365$61,818$61,284$60,763$58,936
2 years$31,151$30,571$30,009$29,464$28,935$27,109
3 years$20,561$19,978$19,418$18,878$18,357$16,591
4 years$15,267$14,686$14,131$13,600$13,093$11,399
5 years$12,092$11,514$10,966$10,446$9,953$8,336
6 years$9,975$9,402$8,862$8,354$7,875$6,337
7 years$8,464$7,896$7,365$6,868$6,405$4,945
8 years$7,331$6,768$6,246$5,762$5,313$3,931
9 years$6,451$5,893$5,380$4,908$4,475$3,168
10 years$5,747$5,194$4,690$4,230$3,813$2,581
11 years$5,171$4,624$4,129$3,682$3,279$2,119
12 years$4,692$4,151$3,664$3,229$2,841$1,751
13 years$4,286$3,751$3,274$2,851$2,478$1,455
14 years$3,939$3,409$2,942$2,531$2,172$1,214
15 years$3,639$3,115$2,656$2,257$1,912$1,016
16 years$3,376$2,858$2,408$2,021$1,690$853
17 years$3,144$2,632$2,191$1,816$1,499$718
18 years$2,939$2,432$2,000$1,636$1,333$605
19 years$2,755$2,254$1,831$1,479$1,188$511
20 years$2,590$2,094$1,680$1,339$1,061$432
21 years$2,441$1,951$1,546$1,215$949$366
22 years$2,305$1,821$1,425$1,105$851$310
23 years$2,181$1,703$1,315$1,006$764$263
24 years$2,068$1,596$1,217$918$687$223
25 years$1,965$1,497$1,127$838$618$189
26 years$1,869$1,407$1,045$766$557$161
27 years$1,780$1,325$970$702$502$137
28 years$1,698$1,248$902$643$453$116
29 years$1,622$1,177$839$589$409$99
30 years$1,551$1,112$782$541$369$84
31 years$1,485$1,051$729$497$334$71
32 years$1,423$995$680$457$302$61
33 years$1,365$942$635$420$273$52
34 years$1,310$893$593$386$248$44
35 years$1,259$847$555$356$224$38
36 years$1,210$804$519$328$203$32
37 years$1,165$763$486$302$184$27
38 years$1,121$725$455$278$167$23
39 years$1,080$690$426$256$151$20
40 years$1,042$656$399$237$137$17
41 years$1,005$625$375$218$125$14
42 years$970$595$351$201$113$12
43 years$937$567$330$186$103$10
44 years$905$540$309$172$93$9
45 years$875$515$291$159$85$8
46 years$847$492$273$146$77$6
47 years$819$469$256$135$70$5
48 years$793$448$241$125$63$5
49 years$768$428$226$116$57$4
50 years$744$409$213$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $762,000, adding $6,322 every year, while hoping to spend $53,505 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: 58/14/28 Blend
73$762,000$762,000$762,000$762,000
74$846,245$805,859$794,048$888,524
75$875,633$788,417$763,720$900,754
76$906,226$768,328$730,582$907,903
77$938,089$745,404$694,485$914,596
78$971,294$719,449$655,270$920,804
79$1,005,918$690,254$612,774$926,497
80$1,042,043$657,598$566,823$931,647
81$1,079,759$621,248$517,240$936,225
82$1,119,163$580,957$463,835$940,201
83$1,160,357$536,463$406,413$943,548
84$1,203,455$487,491$344,770$946,237
85$1,248,578$433,749$278,690$948,242
86$1,295,858$374,929$207,952$949,538
87$1,345,439$310,703$132,321$950,100
88$1,397,475$240,729$51,555$949,907
89$1,452,135$164,642$0$948,940
90$1,509,602$82,059$0$957,531
91$1,570,076$0$0$982,430
92$1,633,772$0$0$1,009,438
93$1,700,926$0$0$1,051,264
94$1,771,797$0$0$1,095,431
95$1,846,664$0$0$1,142,116
96$1,925,833$0$0$1,191,515
97$2,009,637$0$0$1,243,838
98$2,098,442$0$0$1,299,318
99$2,192,645$0$0$1,358,208
100$2,292,682$0$0$1,420,786