Can I retire at age 74 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$64,494$63,920$63,359$62,812$62,278$61,423
2 years$31,928$31,333$30,757$30,198$29,656$28,797
3 years$21,074$20,477$19,902$19,348$18,815$17,977
4 years$15,648$15,052$14,483$13,939$13,419$12,610
5 years$12,393$11,801$11,240$10,707$10,201$9,422
6 years$10,224$9,637$9,083$8,562$8,072$7,325
7 years$8,675$8,093$7,548$7,040$6,564$5,849
8 years$7,514$6,937$6,402$5,905$5,446$4,762
9 years$6,612$6,040$5,514$5,030$4,586$3,934
10 years$5,890$5,324$4,807$4,336$3,908$3,286
11 years$5,300$4,740$4,232$3,774$3,361$2,770
12 years$4,809$4,254$3,756$3,310$2,912$2,351
13 years$4,393$3,844$3,356$2,922$2,540$2,007
14 years$4,037$3,494$3,015$2,594$2,226$1,722
15 years$3,729$3,192$2,722$2,313$1,960$1,483
16 years$3,460$2,929$2,468$2,071$1,732$1,282
17 years$3,223$2,697$2,246$1,861$1,536$1,111
18 years$3,012$2,492$2,050$1,677$1,366$965
19 years$2,824$2,310$1,877$1,516$1,217$840
20 years$2,654$2,147$1,722$1,373$1,087$733
21 years$2,501$1,999$1,584$1,246$973$640
22 years$2,363$1,866$1,460$1,133$872$560
23 years$2,236$1,746$1,348$1,032$783$490
24 years$2,120$1,636$1,247$941$704$429
25 years$2,014$1,535$1,155$859$633$377
26 years$1,915$1,443$1,071$786$570$331
27 years$1,825$1,358$995$719$514$291
28 years$1,741$1,279$925$659$464$255
29 years$1,663$1,207$860$604$419$225
30 years$1,590$1,140$801$554$379$198
31 years$1,522$1,077$747$509$342$174
32 years$1,458$1,019$697$468$310$153
33 years$1,399$965$651$430$280$135
34 years$1,343$915$608$396$254$119
35 years$1,290$868$569$365$230$105
36 years$1,240$824$532$336$208$92
37 years$1,194$782$498$309$189$81
38 years$1,149$744$466$285$171$72
39 years$1,107$707$437$263$155$63
40 years$1,068$673$409$242$141$56
41 years$1,030$640$384$224$128$49
42 years$994$610$360$206$116$43
43 years$960$581$338$191$105$38
44 years$928$554$317$176$95$34
45 years$897$528$298$163$87$30
46 years$868$504$280$150$79$26
47 years$840$481$263$139$71$23
48 years$813$459$247$128$65$20
49 years$787$438$232$118$59$18
50 years$763$419$218$109$54$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $781,000, adding $2,915 every year, while hoping to spend $52,347 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: 56/35/9 Blend
73$781,000$781,000$781,000$781,000
74$863,669$822,276$810,170$910,011
75$896,066$806,871$781,614$926,229
76$930,014$788,956$750,347$937,829
77$965,614$768,354$716,223$949,200
78$1,002,979$744,875$679,088$960,329
79$1,042,230$718,321$638,785$971,202
80$1,083,498$688,480$595,145$981,807
81$1,126,927$655,127$547,994$992,135
82$1,172,672$618,027$497,150$1,002,178
83$1,220,903$576,929$442,424$1,011,932
84$1,271,805$531,569$383,615$1,021,394
85$1,325,580$481,666$320,517$1,030,568
86$1,382,448$426,926$252,913$1,039,462
87$1,442,648$367,037$180,576$1,048,086
88$1,506,444$301,667$103,271$1,056,461
89$1,574,121$230,468$20,750$1,064,613
90$1,645,992$153,072$0$1,072,575
91$1,722,401$69,090$0$1,086,855
92$1,803,722$0$0$1,103,592
93$1,890,365$0$0$1,129,313
94$1,982,779$0$0$1,185,170
95$2,081,457$0$0$1,244,856
96$2,186,938$0$0$1,308,701
97$2,299,813$0$0$1,377,070
98$2,420,730$0$0$1,450,361
99$2,550,400$0$0$1,529,012
100$2,689,603$0$0$1,613,503