Can I retire at age 74 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$50,621$50,170$49,730$49,301$48,881$48,131
2 years$25,060$24,593$24,141$23,702$23,277$22,523
3 years$16,541$16,072$15,621$15,186$14,768$14,033
4 years$12,282$11,815$11,368$10,941$10,533$9,823
5 years$9,727$9,263$8,822$8,404$8,007$7,325
6 years$8,025$7,564$7,129$6,720$6,335$5,682
7 years$6,809$6,352$5,925$5,525$5,152$4,527
8 years$5,898$5,445$5,025$4,635$4,274$3,677
9 years$5,189$4,741$4,328$3,948$3,600$3,031
10 years$4,623$4,179$3,773$3,403$3,067$2,526
11 years$4,160$3,720$3,322$2,962$2,638$2,123
12 years$3,774$3,339$2,948$2,598$2,286$1,798
13 years$3,448$3,017$2,634$2,294$1,993$1,531
14 years$3,169$2,743$2,366$2,036$1,747$1,310
15 years$2,927$2,506$2,137$1,816$1,538$1,125
16 years$2,716$2,299$1,937$1,626$1,360$970
17 years$2,530$2,117$1,763$1,461$1,206$838
18 years$2,364$1,956$1,609$1,316$1,072$726
19 years$2,216$1,813$1,473$1,190$955$630
20 years$2,083$1,685$1,352$1,077$853$548
21 years$1,963$1,569$1,243$978$764$477
22 years$1,854$1,465$1,146$889$685$416
23 years$1,755$1,370$1,058$810$615$363
24 years$1,664$1,284$979$738$552$317
25 years$1,580$1,205$906$674$497$277
26 years$1,503$1,132$841$617$448$243
27 years$1,432$1,066$781$564$404$213
28 years$1,366$1,004$726$517$364$186
29 years$1,305$947$675$474$329$163
30 years$1,248$895$629$435$297$143
31 years$1,194$846$586$400$269$126
32 years$1,145$800$547$367$243$110
33 years$1,098$758$511$338$220$97
34 years$1,054$718$477$311$199$85
35 years$1,013$681$446$286$180$75
36 years$974$647$417$263$163$65
37 years$937$614$391$243$148$58
38 years$902$584$366$224$134$51
39 years$869$555$343$206$122$44
40 years$838$528$321$190$110$39
41 years$809$503$301$176$100$34
42 years$780$479$283$162$91$30
43 years$754$456$265$150$83$26
44 years$728$435$249$138$75$23
45 years$704$415$234$128$68$20
46 years$681$395$220$118$62$18
47 years$659$377$206$109$56$16
48 years$638$360$194$101$51$14
49 years$618$344$182$93$46$12
50 years$599$329$171$86$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $613,000, adding $3,590 every year, while hoping to spend $42,360 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: 60/30/10 Blend
73$613,000$613,000$613,000$613,000
74$679,229$646,740$637,239$718,201
75$703,440$633,360$613,515$731,411
76$728,700$617,904$587,578$740,681
77$755,073$600,226$559,307$749,750
78$782,625$580,172$528,578$758,600
79$811,429$557,577$495,262$767,215
80$841,564$532,267$459,222$775,578
81$873,114$504,059$420,317$783,673
82$906,173$472,759$378,399$791,485
83$940,840$438,162$333,313$798,998
84$977,223$400,049$284,896$806,202
85$1,015,441$358,193$232,981$813,082
86$1,055,621$312,349$177,391$819,630
87$1,097,902$262,262$117,941$825,838
88$1,142,436$207,661$54,440$831,702
89$1,189,388$148,260$0$837,219
90$1,238,937$83,756$0$843,814
91$1,291,280$13,831$0$856,363
92$1,346,629$0$0$869,086
93$1,405,219$0$0$902,445
94$1,467,304$0$0$942,655
95$1,533,162$0$0$985,333
96$1,603,098$0$0$1,030,680
97$1,677,444$0$0$1,078,915
98$1,756,565$0$0$1,130,278
99$1,840,859$0$0$1,185,032
100$1,930,762$0$0$1,243,463