Can I retire at age 74 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$56,071$55,572$55,084$54,609$54,144$53,557
2 years$27,758$27,241$26,740$26,254$25,783$25,191
3 years$18,322$17,802$17,303$16,821$16,358$15,780
4 years$13,604$13,087$12,592$12,119$11,667$11,108
5 years$10,775$10,260$9,772$9,308$8,869$8,330
6 years$8,889$8,378$7,897$7,444$7,018$6,500
7 years$7,542$7,036$6,562$6,120$5,707$5,211
8 years$6,533$6,031$5,566$5,134$4,735$4,260
9 years$5,748$5,251$4,794$4,373$3,987$3,534
10 years$5,121$4,629$4,179$3,770$3,397$2,965
11 years$4,608$4,121$3,679$3,281$2,922$2,509
12 years$4,181$3,698$3,265$2,878$2,532$2,140
13 years$3,819$3,342$2,917$2,541$2,208$1,835
14 years$3,510$3,038$2,621$2,255$1,935$1,582
15 years$3,242$2,775$2,367$2,011$1,704$1,369
16 years$3,008$2,546$2,146$1,801$1,506$1,189
17 years$2,802$2,345$1,952$1,618$1,335$1,035
18 years$2,619$2,167$1,782$1,458$1,187$904
19 years$2,455$2,008$1,632$1,318$1,058$791
20 years$2,308$1,866$1,497$1,193$945$693
21 years$2,175$1,738$1,377$1,083$846$609
22 years$2,054$1,623$1,269$985$758$535
23 years$1,944$1,518$1,172$897$681$471
24 years$1,843$1,422$1,084$818$612$415
25 years$1,751$1,334$1,004$747$551$366
26 years$1,665$1,254$931$683$496$323
27 years$1,586$1,180$865$625$447$286
28 years$1,513$1,112$804$573$403$252
29 years$1,445$1,049$748$525$364$223
30 years$1,382$991$697$482$329$197
31 years$1,323$937$650$443$298$175
32 years$1,268$886$606$407$269$155
33 years$1,216$839$566$374$244$137
34 years$1,167$795$529$344$221$122
35 years$1,122$755$494$317$200$108
36 years$1,078$716$462$292$181$95
37 years$1,038$680$433$269$164$85
38 years$999$646$405$248$149$75
39 years$963$615$380$229$135$67
40 years$928$585$356$211$122$59
41 years$896$557$334$194$111$52
42 years$864$530$313$179$101$47
43 years$835$505$294$166$91$41
44 years$807$482$276$153$83$37
45 years$780$459$259$141$75$33
46 years$754$438$243$131$68$29
47 years$730$418$228$121$62$26
48 years$707$399$215$111$56$23
49 years$684$381$202$103$51$20
50 years$663$364$190$95$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $679,000, adding $4,006 every year, while hoping to spend $20,182 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: 62/31/7 Blend
73$679,000$679,000$679,000$679,000
74$752,390$716,403$705,879$797,763
75$807,660$730,033$708,052$842,184
76$867,892$743,655$709,622$887,934
77$933,569$757,247$710,547$937,351
78$1,005,226$770,784$710,783$990,787
79$1,083,449$784,243$710,284$1,048,633
80$1,168,886$797,596$709,003$1,111,318
81$1,262,247$810,812$706,890$1,179,315
82$1,364,316$823,862$703,890$1,253,145
83$1,475,956$836,711$699,950$1,333,383
84$1,598,116$849,322$695,011$1,420,661
85$1,731,842$861,658$689,012$1,515,678
86$1,878,286$873,675$681,890$1,619,201
87$2,038,715$885,329$673,578$1,732,079
88$2,214,528$896,574$664,006$1,855,244
89$2,407,260$907,357$653,101$1,989,726
90$2,618,608$917,624$640,787$2,136,659
91$2,850,435$927,317$626,983$2,297,294
92$3,104,798$936,374$611,605$2,473,007
93$3,383,960$944,729$594,567$2,665,319
94$3,690,415$952,311$575,775$2,875,902
95$4,026,908$959,046$555,135$3,106,603
96$4,396,466$964,852$532,545$3,359,455
97$4,802,421$969,646$507,901$3,636,701
98$5,248,446$973,336$481,094$3,940,812
99$5,738,585$975,827$452,008$4,274,512
100$6,277,294$977,016$420,523$4,640,803