Can I retire at age 74 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$53,842$53,362$52,894$52,437$51,991$50,900
2 years$26,654$26,158$25,677$25,210$24,758$23,663
3 years$17,593$17,094$16,615$16,152$15,707$14,644
4 years$13,063$12,566$12,091$11,637$11,203$10,179
5 years$10,346$9,852$9,383$8,938$8,516$7,534
6 years$8,535$8,045$7,583$7,148$6,738$5,800
7 years$7,242$6,756$6,302$5,877$5,480$4,585
8 years$6,273$5,791$5,344$4,930$4,546$3,694
9 years$5,520$5,042$4,603$4,199$3,829$3,019
10 years$4,917$4,445$4,013$3,620$3,262$2,495
11 years$4,425$3,957$3,533$3,150$2,806$2,079
12 years$4,014$3,551$3,135$2,763$2,431$1,744
13 years$3,668$3,209$2,801$2,439$2,120$1,472
14 years$3,371$2,917$2,517$2,165$1,858$1,247
15 years$3,113$2,665$2,272$1,931$1,636$1,061
16 years$2,889$2,445$2,060$1,729$1,446$905
17 years$2,690$2,252$1,875$1,554$1,282$775
18 years$2,515$2,081$1,711$1,400$1,140$664
19 years$2,357$1,928$1,567$1,265$1,016$571
20 years$2,216$1,792$1,438$1,146$908$491
21 years$2,088$1,669$1,323$1,040$812$423
22 years$1,972$1,558$1,219$946$728$365
23 years$1,867$1,457$1,126$861$654$315
24 years$1,770$1,365$1,041$785$587$272
25 years$1,681$1,281$964$717$529$235
26 years$1,599$1,204$894$656$476$204
27 years$1,523$1,133$830$600$429$176
28 years$1,453$1,068$772$550$387$153
29 years$1,388$1,007$718$504$350$132
30 years$1,327$951$669$463$316$115
31 years$1,270$899$624$425$286$100
32 years$1,217$851$582$391$258$86
33 years$1,168$806$543$359$234$75
34 years$1,121$764$508$331$212$65
35 years$1,077$725$475$304$192$56
36 years$1,036$688$444$280$174$49
37 years$996$653$416$258$158$42
38 years$959$621$389$238$143$37
39 years$925$590$365$219$130$32
40 years$891$562$342$202$117$28
41 years$860$535$320$187$107$24
42 years$830$509$301$172$97$21
43 years$802$485$282$159$88$18
44 years$775$462$265$147$80$16
45 years$749$441$249$136$72$14
46 years$724$421$234$125$66$12
47 years$701$401$219$116$60$10
48 years$679$383$206$107$54$9
49 years$657$366$194$99$49$8
50 years$637$350$182$91$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $652,000, adding $6,084 every year, while hoping to spend $35,349 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: 50/22/28 Blend
73$652,000$652,000$652,000$652,000
74$724,780$690,224$680,118$755,009
75$761,096$686,434$665,291$772,977
76$799,932$681,273$648,782$788,492
77$841,507$674,637$630,498$804,665
78$886,063$666,416$610,342$821,574
79$933,862$656,492$588,209$839,309
80$985,196$644,740$563,994$857,970
81$1,040,383$631,029$537,585$877,670
82$1,099,771$615,219$508,863$898,534
83$1,163,746$597,162$477,708$920,706
84$1,232,727$576,702$443,990$944,344
85$1,307,178$553,674$407,577$969,626
86$1,387,607$527,901$368,328$996,752
87$1,474,574$499,199$326,098$1,025,945
88$1,568,693$467,372$280,734$1,057,454
89$1,670,639$432,212$232,078$1,091,558
90$1,781,154$393,500$179,962$1,128,567
91$1,901,055$351,005$124,215$1,168,828
92$2,031,240$304,482$64,653$1,212,726
93$2,172,697$253,672$1,089$1,260,691
94$2,326,512$198,302$0$1,313,203
95$2,493,880$138,083$0$1,390,733
96$2,676,117$72,710$0$1,475,578
97$2,874,670$1,861$0$1,568,134
98$3,091,131$0$0$1,669,201
99$3,327,253$0$0$1,797,768
100$3,584,966$0$0$1,938,648