Can I retire at age 74 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$63,090$62,528$61,980$61,445$60,922$60,161
2 years$31,233$30,651$30,087$29,541$29,011$28,245
3 years$20,615$20,031$19,469$18,927$18,406$17,659
4 years$15,307$14,725$14,168$13,636$13,127$12,405
5 years$12,123$11,544$10,995$10,474$9,979$9,284
6 years$10,001$9,427$8,886$8,376$7,896$7,229
7 years$8,486$7,917$7,384$6,886$6,422$5,782
8 years$7,351$6,786$6,262$5,777$5,327$4,716
9 years$6,468$5,908$5,394$4,920$4,486$3,903
10 years$5,762$5,208$4,702$4,242$3,823$3,266
11 years$5,185$4,636$4,140$3,691$3,288$2,758
12 years$4,704$4,161$3,674$3,238$2,849$2,345
13 years$4,298$3,761$3,282$2,859$2,484$2,006
14 years$3,950$3,418$2,949$2,537$2,178$1,725
15 years$3,648$3,123$2,663$2,263$1,917$1,488
16 years$3,385$2,865$2,414$2,026$1,695$1,289
17 years$3,153$2,639$2,197$1,821$1,503$1,120
18 years$2,946$2,438$2,005$1,641$1,336$975
19 years$2,762$2,260$1,836$1,483$1,191$850
20 years$2,597$2,100$1,685$1,343$1,064$743
21 years$2,447$1,956$1,550$1,219$952$651
22 years$2,311$1,826$1,428$1,108$853$570
23 years$2,187$1,708$1,319$1,009$766$500
24 years$2,074$1,600$1,220$920$688$440
25 years$1,970$1,501$1,130$840$619$387
26 years$1,874$1,411$1,048$769$558$340
27 years$1,785$1,328$973$703$503$300
28 years$1,703$1,251$904$644$454$264
29 years$1,626$1,181$842$591$410$233
30 years$1,555$1,115$784$542$370$205
31 years$1,489$1,054$731$498$335$181
32 years$1,427$997$682$458$303$160
33 years$1,368$944$637$421$274$141
34 years$1,313$895$595$387$248$125
35 years$1,262$849$556$357$225$110
36 years$1,213$806$520$328$204$97
37 years$1,168$765$487$303$185$86
38 years$1,124$727$456$279$167$76
39 years$1,083$692$427$257$152$67
40 years$1,045$658$400$237$138$59
41 years$1,008$626$376$219$125$52
42 years$973$597$352$202$113$46
43 years$939$568$331$186$103$41
44 years$908$542$310$172$93$36
45 years$878$517$291$159$85$32
46 years$849$493$274$147$77$28
47 years$821$470$257$136$70$25
48 years$795$449$242$125$63$22
49 years$770$429$227$116$58$20
50 years$746$410$213$107$52$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $764,000, adding $4,898 every year, while hoping to spend $23,473 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: 56/24/20 Blend
73$764,000$764,000$764,000$764,000
74$846,980$806,488$794,646$889,602
75$908,397$821,031$796,292$933,774
76$975,292$835,500$797,206$978,947
77$1,048,198$849,866$797,339$1,027,645
78$1,127,704$864,099$796,639$1,080,211
79$1,214,456$878,166$795,053$1,137,027
80$1,309,166$892,032$792,523$1,198,509
81$1,412,618$905,658$788,989$1,265,121
82$1,525,675$919,005$784,390$1,337,372
83$1,649,285$932,028$778,659$1,415,822
84$1,784,496$944,681$771,727$1,501,092
85$1,932,458$956,914$763,524$1,593,866
86$2,094,440$968,673$753,973$1,694,895
87$2,271,837$979,903$742,995$1,805,012
88$2,466,187$990,541$730,508$1,925,133
89$2,679,183$1,000,522$716,425$2,056,268
90$2,912,691$1,009,779$700,656$2,199,533
91$3,168,763$1,018,236$683,107$2,356,157
92$3,449,663$1,025,816$663,677$2,527,496
93$3,757,882$1,032,434$642,263$2,715,044
94$4,096,164$1,038,002$618,757$2,920,452
95$4,467,533$1,042,424$593,045$3,145,537
96$4,875,319$1,045,600$565,010$3,392,305
97$5,323,189$1,047,422$534,526$3,662,967
98$5,815,187$1,047,778$501,464$3,959,961
99$6,355,762$1,046,545$465,689$4,285,978
100$6,949,820$1,043,596$427,060$4,643,981