Can I retire at age 74 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$63,668$63,101$62,548$62,008$61,481$59,776
2 years$31,519$30,932$30,363$29,812$29,276$27,572
3 years$20,804$20,214$19,647$19,101$18,574$16,923
4 years$15,447$14,860$14,298$13,761$13,247$11,662
5 years$12,234$11,650$11,096$10,570$10,070$8,556
6 years$10,093$9,513$8,967$8,453$7,968$6,525
7 years$8,564$7,989$7,452$6,949$6,480$5,109
8 years$7,418$6,848$6,320$5,830$5,376$4,076
9 years$6,527$5,963$5,443$4,966$4,527$3,297
10 years$5,815$5,256$4,745$4,280$3,858$2,696
11 years$5,232$4,679$4,178$3,725$3,318$2,222
12 years$4,747$4,200$3,708$3,268$2,875$1,844
13 years$4,337$3,795$3,313$2,885$2,507$1,538
14 years$3,986$3,450$2,976$2,561$2,198$1,288
15 years$3,682$3,151$2,687$2,284$1,935$1,083
16 years$3,416$2,891$2,436$2,045$1,710$913
17 years$3,182$2,663$2,217$1,837$1,516$772
18 years$2,973$2,461$2,024$1,656$1,348$654
19 years$2,788$2,280$1,853$1,496$1,202$554
20 years$2,620$2,119$1,700$1,355$1,073$471
21 years$2,469$1,974$1,564$1,230$961$400
22 years$2,332$1,842$1,441$1,118$861$341
23 years$2,207$1,723$1,331$1,018$773$290
24 years$2,093$1,615$1,231$929$695$248
25 years$1,988$1,515$1,140$848$625$211
26 years$1,891$1,424$1,057$776$563$180
27 years$1,801$1,340$982$710$508$154
28 years$1,718$1,263$913$650$458$132
29 years$1,641$1,191$849$596$414$112
30 years$1,569$1,125$791$547$374$96
31 years$1,502$1,064$738$503$338$82
32 years$1,440$1,006$688$462$306$70
33 years$1,381$953$643$425$277$60
34 years$1,325$903$600$391$250$51
35 years$1,274$857$561$360$227$44
36 years$1,225$813$525$331$206$38
37 years$1,178$772$491$305$186$32
38 years$1,135$734$460$281$169$28
39 years$1,093$698$431$260$153$24
40 years$1,054$664$404$239$139$20
41 years$1,017$632$379$221$126$17
42 years$982$602$355$204$114$15
43 years$948$574$334$188$104$13
44 years$916$547$313$174$94$11
45 years$886$521$294$160$86$9
46 years$857$497$276$148$78$8
47 years$829$475$259$137$71$7
48 years$802$453$244$127$64$6
49 years$777$433$229$117$58$5
50 years$753$413$215$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $771,000, adding $3,686 every year, while hoping to spend $45,596 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: 51/19/30 Blend
73$771,000$771,000$771,000$771,000
74$853,444$812,581$800,631$889,572
75$891,982$803,884$778,938$906,506
76$932,922$793,232$754,990$920,077
77$976,461$780,482$728,664$933,956
78$1,022,816$765,482$699,830$948,194
79$1,072,222$748,069$668,353$962,851
80$1,124,937$728,073$634,091$977,993
81$1,181,245$705,312$596,897$993,698
82$1,241,455$679,596$556,617$1,010,054
83$1,305,908$650,720$513,088$1,027,162
84$1,374,977$618,472$466,142$1,045,137
85$1,449,070$582,623$415,604$1,064,109
86$1,528,637$542,933$361,289$1,084,225
87$1,614,170$499,149$303,004$1,105,652
88$1,706,211$451,003$240,550$1,128,579
89$1,805,353$398,210$173,717$1,153,218
90$1,912,248$340,471$102,285$1,179,809
91$2,027,613$277,470$26,028$1,208,619
92$2,152,235$208,872$0$1,239,952
93$2,286,979$134,323$0$1,291,865
94$2,432,797$53,451$0$1,357,061
95$2,590,733$0$0$1,427,709
96$2,761,938$0$0$1,511,510
97$2,947,674$0$0$1,614,613
98$3,149,331$0$0$1,726,625
99$3,368,439$0$0$1,848,402
100$3,606,679$0$0$1,980,889