Can I retire at age 74 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$50,704$50,252$49,811$49,381$48,961$48,309
2 years$25,101$24,633$24,180$23,741$23,315$22,659
3 years$16,568$16,098$15,646$15,211$14,792$14,153
4 years$12,302$11,834$11,386$10,959$10,550$9,932
5 years$9,743$9,278$8,836$8,417$8,020$7,425
6 years$8,038$7,576$7,141$6,731$6,346$5,775
7 years$6,820$6,362$5,934$5,534$5,161$4,615
8 years$5,907$5,454$5,033$4,643$4,281$3,759
9 years$5,198$4,748$4,335$3,954$3,606$3,107
10 years$4,631$4,186$3,779$3,409$3,072$2,597
11 years$4,167$3,726$3,327$2,967$2,642$2,190
12 years$3,780$3,344$2,953$2,602$2,290$1,860
13 years$3,454$3,022$2,638$2,297$1,997$1,589
14 years$3,174$2,747$2,370$2,039$1,750$1,364
15 years$2,932$2,510$2,140$1,819$1,541$1,176
16 years$2,720$2,303$1,940$1,628$1,362$1,017
17 years$2,534$2,121$1,766$1,463$1,208$882
18 years$2,368$1,959$1,612$1,319$1,074$767
19 years$2,220$1,816$1,475$1,191$957$668
20 years$2,087$1,688$1,354$1,079$855$583
21 years$1,967$1,572$1,246$979$765$510
22 years$1,857$1,467$1,148$890$686$446
23 years$1,758$1,372$1,060$811$616$391
24 years$1,667$1,286$980$740$553$343
25 years$1,583$1,207$908$675$498$301
26 years$1,506$1,134$842$618$448$264
27 years$1,435$1,067$782$565$404$232
28 years$1,368$1,006$727$518$365$204
29 years$1,307$949$676$475$329$180
30 years$1,250$896$630$436$298$158
31 years$1,196$847$587$400$269$140
32 years$1,146$801$548$368$243$123
33 years$1,100$759$512$338$220$108
34 years$1,056$719$478$311$199$96
35 years$1,014$682$447$287$181$84
36 years$975$648$418$264$164$74
37 years$938$615$391$243$148$66
38 years$904$585$367$224$134$58
39 years$871$556$343$207$122$51
40 years$839$529$322$191$111$45
41 years$810$503$302$176$100$40
42 years$782$479$283$162$91$35
43 years$755$457$266$150$83$31
44 years$730$435$249$138$75$27
45 years$705$415$234$128$68$24
46 years$682$396$220$118$62$21
47 years$660$378$207$109$56$19
48 years$639$361$194$101$51$17
49 years$619$345$182$93$46$15
50 years$599$329$172$86$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $614,000, adding $2,655 every year, while hoping to spend $36,179 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: 86/9/5 Blend
73$614,000$614,000$614,000$614,000
74$679,367$646,825$637,308$737,592
75$710,168$640,025$620,163$769,123
76$742,898$631,679$601,232$798,490
77$777,716$621,674$580,416$829,585
78$814,796$609,888$557,612$862,555
79$854,326$596,195$532,714$897,565
80$896,517$580,457$505,608$934,792
81$941,594$562,532$476,179$974,432
82$989,809$542,268$444,303$1,016,703
83$1,041,435$519,505$409,853$1,061,842
84$1,096,773$494,073$372,695$1,110,112
85$1,156,153$465,791$332,689$1,161,800
86$1,219,936$434,470$289,689$1,217,224
87$1,288,519$399,909$243,543$1,276,735
88$1,362,338$361,895$194,093$1,340,715
89$1,441,872$320,203$141,170$1,409,591
90$1,527,647$274,597$84,603$1,483,828
91$1,620,240$224,825$24,210$1,563,942
92$1,720,286$170,623$0$1,650,498
93$1,828,482$111,710$0$1,746,270
94$1,945,595$47,792$0$1,851,315
95$2,072,467$0$0$1,965,110
96$2,210,026$0$0$2,090,626
97$2,359,291$0$0$2,231,965
98$2,521,381$0$0$2,385,456
99$2,697,530$0$0$2,552,266
100$2,889,093$0$0$2,733,682