Can I retire at age 74 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$60,118$59,582$59,060$58,550$58,052$57,638
2 years$29,761$29,207$28,670$28,149$27,644$27,226
3 years$19,644$19,087$18,551$18,035$17,538$17,130
4 years$14,586$14,031$13,501$12,993$12,508$12,113
5 years$11,552$11,000$10,477$9,980$9,509$9,127
6 years$9,530$8,983$8,467$7,981$7,524$7,156
7 years$8,087$7,544$7,036$6,562$6,119$5,766
8 years$7,004$6,466$5,967$5,505$5,076$4,738
9 years$6,163$5,630$5,139$4,689$4,275$3,951
10 years$5,490$4,963$4,481$4,042$3,642$3,332
11 years$4,940$4,418$3,945$3,517$3,133$2,837
12 years$4,482$3,965$3,501$3,085$2,715$2,432
13 years$4,095$3,583$3,128$2,724$2,367$2,098
14 years$3,763$3,257$2,810$2,418$2,075$1,819
15 years$3,476$2,976$2,537$2,156$1,827$1,584
16 years$3,225$2,730$2,300$1,931$1,615$1,384
17 years$3,004$2,514$2,093$1,735$1,432$1,213
18 years$2,808$2,323$1,911$1,563$1,273$1,066
19 years$2,632$2,153$1,749$1,413$1,135$939
20 years$2,474$2,001$1,606$1,279$1,014$828
21 years$2,332$1,864$1,477$1,161$907$732
22 years$2,202$1,740$1,361$1,056$813$648
23 years$2,084$1,627$1,257$962$730$574
24 years$1,976$1,525$1,162$877$656$510
25 years$1,877$1,431$1,076$801$590$453
26 years$1,785$1,345$998$732$532$402
27 years$1,701$1,265$927$670$479$358
28 years$1,623$1,192$862$614$433$319
29 years$1,550$1,125$802$563$391$284
30 years$1,482$1,062$747$517$353$253
31 years$1,419$1,004$696$475$319$226
32 years$1,359$950$650$436$289$201
33 years$1,304$900$607$401$261$180
34 years$1,252$853$567$369$236$160
35 years$1,202$809$530$340$214$143
36 years$1,156$768$496$313$194$128
37 years$1,113$729$464$288$176$114
38 years$1,071$693$435$266$159$102
39 years$1,032$659$407$245$145$91
40 years$995$627$382$226$131$82
41 years$960$597$358$209$119$73
42 years$927$568$336$192$108$65
43 years$895$542$315$178$98$58
44 years$865$516$296$164$89$52
45 years$836$492$278$151$81$47
46 years$809$470$261$140$73$42
47 years$783$448$245$129$67$37
48 years$758$428$230$119$60$33
49 years$734$409$216$110$55$30
50 years$711$390$203$102$50$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $728,000, adding $6,338 every year, while hoping to spend $43,662 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: 83/8/9 Blend
73$728,000$728,000$728,000$728,000
74$808,794$770,210$758,926$874,400
75$844,835$761,494$737,894$909,531
76$883,088$750,888$714,694$941,606
77$923,734$738,252$689,207$975,491
78$966,970$723,441$661,310$1,011,341
79$1,013,008$706,298$630,872$1,049,328
80$1,062,087$686,658$597,757$1,089,642
81$1,114,462$664,346$561,825$1,132,490
82$1,170,417$639,179$522,926$1,178,101
83$1,230,262$610,961$480,906$1,226,728
84$1,294,335$579,484$435,602$1,278,649
85$1,363,009$544,531$386,847$1,334,171
86$1,436,692$505,869$334,462$1,393,632
87$1,515,832$463,255$278,265$1,457,404
88$1,600,922$416,429$218,061$1,525,897
89$1,692,501$365,119$153,651$1,599,564
90$1,791,162$309,035$84,824$1,678,904
91$1,897,556$247,874$11,362$1,764,466
92$2,012,398$181,311$0$1,856,856
93$2,136,476$109,008$0$1,963,182
94$2,270,651$30,605$0$2,079,324
95$2,415,875$0$0$2,205,027
96$2,573,191$0$0$2,345,991
97$2,743,746$0$0$2,501,751
98$2,928,802$0$0$2,670,767
99$3,129,748$0$0$2,854,310
100$3,348,110$0$0$3,053,773