Can I retire at age 74 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$64,164$63,592$63,035$62,491$61,959$60,908
2 years$31,764$31,173$30,599$30,044$29,504$28,448
3 years$20,966$20,372$19,800$19,249$18,719$17,691
4 years$15,568$14,975$14,409$13,868$13,350$12,359
5 years$12,330$11,741$11,182$10,652$10,149$9,196
6 years$10,172$9,587$9,037$8,518$8,030$7,118
7 years$8,631$8,051$7,510$7,003$6,531$5,659
8 years$7,476$6,902$6,369$5,875$5,418$4,586
9 years$6,578$6,009$5,485$5,004$4,563$3,770
10 years$5,860$5,297$4,782$4,314$3,888$3,134
11 years$5,273$4,715$4,210$3,754$3,344$2,629
12 years$4,784$4,232$3,737$3,293$2,897$2,220
13 years$4,371$3,825$3,338$2,907$2,527$1,885
14 years$4,017$3,477$3,000$2,581$2,215$1,609
15 years$3,710$3,176$2,708$2,301$1,950$1,378
16 years$3,442$2,914$2,455$2,061$1,723$1,184
17 years$3,206$2,684$2,234$1,852$1,528$1,020
18 years$2,997$2,480$2,040$1,669$1,359$881
19 years$2,809$2,298$1,867$1,508$1,211$763
20 years$2,641$2,136$1,714$1,366$1,082$661
21 years$2,489$1,989$1,576$1,239$968$574
22 years$2,350$1,857$1,453$1,127$868$499
23 years$2,224$1,737$1,341$1,026$779$434
24 years$2,109$1,627$1,240$936$700$378
25 years$2,003$1,527$1,149$855$630$330
26 years$1,906$1,435$1,066$782$567$288
27 years$1,815$1,351$989$715$512$251
28 years$1,732$1,273$920$655$462$219
29 years$1,654$1,201$856$601$417$192
30 years$1,582$1,134$797$552$377$167
31 years$1,514$1,072$743$507$341$146
32 years$1,451$1,014$694$466$308$128
33 years$1,391$960$648$428$279$112
34 years$1,336$910$605$394$252$98
35 years$1,283$863$566$363$229$86
36 years$1,234$820$529$334$207$75
37 years$1,187$778$495$308$188$66
38 years$1,143$740$464$284$170$58
39 years$1,102$703$435$262$154$50
40 years$1,062$669$407$241$140$44
41 years$1,025$637$382$223$127$39
42 years$989$607$358$205$115$34
43 years$955$578$336$190$105$30
44 years$923$551$316$175$95$26
45 years$892$525$296$162$86$23
46 years$863$501$278$149$78$20
47 years$835$478$261$138$71$17
48 years$809$457$246$127$65$15
49 years$783$436$231$118$59$13
50 years$759$417$217$109$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $777,000, adding $6,609 every year, while hoping to spend $31,396 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: 52/34/14 Blend
73$777,000$777,000$777,000$777,000
74$863,071$821,890$809,847$904,379
75$917,699$828,758$803,571$940,217
76$976,847$834,909$796,034$975,293
77$1,040,943$840,277$787,158$1,012,733
78$1,110,457$844,788$776,866$1,052,770
79$1,185,906$848,366$765,073$1,095,662
80$1,267,860$850,927$751,695$1,141,691
81$1,356,945$852,386$736,639$1,191,173
82$1,453,848$852,648$719,812$1,244,456
83$1,559,329$851,615$701,114$1,301,924
84$1,674,219$849,184$680,440$1,364,003
85$1,799,438$845,242$657,683$1,431,163
86$1,935,994$839,672$632,729$1,503,925
87$2,084,999$832,350$605,459$1,582,863
88$2,247,675$823,141$575,748$1,668,613
89$2,425,370$811,907$543,467$1,761,879
90$2,619,565$798,498$508,481$1,863,437
91$2,831,893$782,756$470,647$1,974,145
92$3,064,149$764,515$429,817$2,094,952
93$3,318,313$743,596$385,837$2,226,907
94$3,596,563$719,814$338,544$2,371,167
95$3,901,297$692,970$287,770$2,529,012
96$4,235,157$662,854$233,339$2,701,856
97$4,601,054$629,244$175,065$2,891,260
98$5,002,189$591,905$112,758$3,098,950
99$5,442,093$550,589$46,216$3,326,828
100$5,924,652$505,033$0$3,577,000