Can I retire at age 74 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$56,154$55,654$55,166$54,689$54,224$53,195
2 years$27,799$27,281$26,779$26,293$25,821$24,788
3 years$18,349$17,829$17,328$16,846$16,382$15,377
4 years$13,624$13,106$12,610$12,137$11,684$10,715
5 years$10,790$10,275$9,786$9,322$8,882$7,952
6 years$8,902$8,390$7,909$7,455$7,028$6,138
7 years$7,553$7,046$6,572$6,129$5,716$4,866
8 years$6,542$6,040$5,574$5,142$4,742$3,932
9 years$5,757$5,259$4,801$4,379$3,993$3,224
10 years$5,128$4,635$4,185$3,775$3,402$2,672
11 years$4,615$4,127$3,685$3,286$2,926$2,233
12 years$4,187$3,704$3,270$2,882$2,536$1,880
13 years$3,825$3,347$2,922$2,544$2,211$1,591
14 years$3,515$3,043$2,625$2,258$1,938$1,353
15 years$3,247$2,779$2,370$2,014$1,707$1,155
16 years$3,013$2,550$2,149$1,803$1,508$989
17 years$2,806$2,348$1,955$1,620$1,337$849
18 years$2,622$2,170$1,785$1,460$1,189$731
19 years$2,459$2,011$1,634$1,320$1,060$630
20 years$2,311$1,869$1,500$1,195$947$544
21 years$2,178$1,741$1,379$1,085$847$471
22 years$2,057$1,625$1,271$986$759$408
23 years$1,947$1,520$1,174$898$682$353
24 years$1,846$1,424$1,086$819$613$307
25 years$1,753$1,336$1,005$748$551$266
26 years$1,668$1,256$933$684$497$231
27 years$1,589$1,182$866$626$448$201
28 years$1,516$1,114$805$574$404$175
29 years$1,448$1,051$749$526$365$152
30 years$1,384$992$698$483$330$132
31 years$1,325$938$651$443$298$115
32 years$1,270$888$607$407$270$100
33 years$1,218$841$567$375$244$87
34 years$1,169$797$530$345$221$76
35 years$1,123$756$495$317$200$66
36 years$1,080$717$463$292$181$58
37 years$1,039$681$433$269$164$50
38 years$1,001$647$406$248$149$44
39 years$964$616$380$229$135$38
40 years$930$586$356$211$123$33
41 years$897$558$334$195$111$29
42 years$866$531$314$180$101$25
43 years$836$506$294$166$92$22
44 years$808$482$276$153$83$19
45 years$781$460$259$141$75$17
46 years$755$439$244$131$68$15
47 years$731$419$229$121$62$13
48 years$708$400$215$112$56$11
49 years$685$382$202$103$51$10
50 years$664$365$190$95$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $680,000, adding $4,081 every year, while hoping to spend $41,926 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: 38/35/27 Blend
73$680,000$680,000$680,000$680,000
74$753,570$717,530$706,990$776,014
75$785,825$708,080$686,065$783,384
76$819,965$696,761$663,034$787,189
77$856,138$683,439$637,782$790,494
78$894,505$667,969$610,189$793,278
79$935,244$650,199$580,129$795,525
80$978,547$629,967$547,472$797,221
81$1,024,626$607,102$512,080$798,354
82$1,073,713$581,425$473,809$798,913
83$1,126,060$552,744$432,511$798,893
84$1,181,947$520,857$388,028$798,292
85$1,241,676$485,549$340,198$797,115
86$1,305,581$446,596$288,849$795,370
87$1,374,028$403,757$233,803$793,073
88$1,447,418$356,780$174,875$790,247
89$1,526,191$305,398$111,869$786,924
90$1,610,830$249,330$44,584$783,147
91$1,701,864$188,276$0$778,969
92$1,799,875$121,923$0$782,299
93$1,905,503$49,938$0$799,593
94$2,019,449$0$0$818,157
95$2,142,485$0$0$848,974
96$2,275,457$0$0$903,139
97$2,419,298$0$0$961,807
98$2,575,030$0$0$1,025,406
99$2,743,779$0$0$1,094,404
100$2,926,783$0$0$1,169,320