Can I retire at age 74 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$52,107$51,643$51,190$50,748$50,317$49,895
2 years$25,796$25,315$24,850$24,398$23,960$23,535
3 years$17,026$16,544$16,079$15,632$15,201$14,786
4 years$12,642$12,161$11,702$11,262$10,842$10,440
5 years$10,013$9,535$9,081$8,650$8,242$7,854
6 years$8,260$7,786$7,339$6,918$6,521$6,148
7 years$7,009$6,539$6,099$5,687$5,304$4,946
8 years$6,071$5,605$5,172$4,771$4,400$4,057
9 years$5,342$4,880$4,455$4,064$3,705$3,377
10 years$4,759$4,301$3,884$3,503$3,157$2,843
11 years$4,282$3,829$3,419$3,049$2,715$2,416
12 years$3,885$3,437$3,034$2,674$2,353$2,067
13 years$3,549$3,106$2,711$2,361$2,052$1,780
14 years$3,262$2,823$2,436$2,096$1,799$1,540
15 years$3,013$2,579$2,199$1,869$1,584$1,338
16 years$2,796$2,366$1,994$1,674$1,400$1,167
17 years$2,604$2,179$1,814$1,504$1,241$1,021
18 years$2,434$2,014$1,656$1,355$1,103$895
19 years$2,281$1,866$1,516$1,224$984$786
20 years$2,145$1,734$1,392$1,109$879$692
21 years$2,021$1,615$1,280$1,006$786$611
22 years$1,909$1,508$1,180$915$705$539
23 years$1,806$1,410$1,089$833$633$477
24 years$1,713$1,321$1,007$760$569$422
25 years$1,627$1,240$933$694$512$374
26 years$1,548$1,165$865$635$461$332
27 years$1,474$1,097$804$581$415$295
28 years$1,406$1,034$747$532$375$262
29 years$1,343$975$695$488$339$233
30 years$1,284$921$648$448$306$207
31 years$1,230$870$604$411$277$184
32 years$1,178$824$563$378$250$164
33 years$1,130$780$526$348$226$146
34 years$1,085$739$491$320$205$130
35 years$1,042$701$459$295$186$116
36 years$1,002$666$430$271$168$103
37 years$964$632$402$250$152$92
38 years$929$601$377$230$138$82
39 years$895$571$353$212$125$73
40 years$863$543$331$196$114$65
41 years$832$517$310$181$103$58
42 years$803$493$291$167$94$52
43 years$776$469$273$154$85$46
44 years$750$447$256$142$77$41
45 years$725$427$241$131$70$37
46 years$701$407$226$121$64$33
47 years$678$388$212$112$58$29
48 years$657$371$200$104$52$26
49 years$636$354$188$96$48$23
50 years$616$338$176$88$43$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $631,000, adding $2,471 every year, while hoping to spend $49,467 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: 53/30/17 Blend
73$631,000$631,000$631,000$631,000
74$697,911$664,468$654,687$731,565
75$716,465$644,394$623,987$734,800
76$735,254$621,679$590,600$732,883
77$754,250$596,141$554,385$729,705
78$773,418$567,587$515,192$725,160
79$792,723$535,815$472,867$719,135
80$812,120$500,609$427,246$711,509
81$831,559$461,741$378,162$702,152
82$850,984$418,973$325,436$690,923
83$870,330$372,048$268,885$677,672
84$889,525$320,700$208,313$662,240
85$908,486$264,643$143,521$644,453
86$927,120$203,580$74,298$624,126
87$945,323$137,192$424$601,060
88$962,977$65,145$0$575,040
89$979,951$0$0$560,061
90$996,096$0$0$546,920
91$1,011,249$0$0$554,672
92$1,025,224$0$0$561,702
93$1,037,815$0$0$567,887
94$1,048,793$0$0$573,094
95$1,057,903$0$0$577,172
96$1,064,858$0$0$579,952
97$1,069,344$0$0$581,249
98$1,071,006$0$0$580,856
99$1,069,455$0$0$578,542
100$1,064,256$0$0$574,054