Can I retire at age 74 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$60,200$59,664$59,141$58,630$58,131$57,814
2 years$29,802$29,247$28,709$28,188$27,682$27,361
3 years$19,671$19,113$18,577$18,060$17,562$17,249
4 years$14,606$14,050$13,519$13,011$12,526$12,221
5 years$11,568$11,016$10,491$9,994$9,522$9,228
6 years$9,543$8,995$8,479$7,992$7,534$7,251
7 years$8,098$7,554$7,046$6,571$6,127$5,855
8 years$7,014$6,475$5,975$5,512$5,083$4,822
9 years$6,171$5,638$5,147$4,695$4,281$4,030
10 years$5,498$4,969$4,487$4,047$3,647$3,408
11 years$4,947$4,424$3,950$3,522$3,137$2,908
12 years$4,488$3,971$3,506$3,090$2,718$2,500
13 years$4,101$3,588$3,132$2,728$2,371$2,162
14 years$3,769$3,262$2,814$2,421$2,078$1,879
15 years$3,481$2,980$2,541$2,159$1,830$1,641
16 years$3,230$2,734$2,304$1,933$1,617$1,437
17 years$3,008$2,518$2,096$1,737$1,434$1,263
18 years$2,811$2,326$1,914$1,566$1,275$1,113
19 years$2,636$2,156$1,752$1,415$1,136$983
20 years$2,478$2,004$1,608$1,281$1,015$870
21 years$2,335$1,866$1,479$1,163$908$771
22 years$2,205$1,742$1,363$1,057$814$685
23 years$2,087$1,629$1,258$963$731$609
24 years$1,979$1,527$1,164$878$657$542
25 years$1,879$1,433$1,078$802$591$483
26 years$1,788$1,346$1,000$733$532$430
27 years$1,703$1,267$928$671$480$384
28 years$1,625$1,194$863$615$433$343
29 years$1,552$1,126$803$564$391$307
30 years$1,484$1,064$748$518$353$274
31 years$1,421$1,006$697$475$320$245
32 years$1,361$952$651$437$289$220
33 years$1,306$901$608$402$262$197
34 years$1,253$854$568$370$237$176
35 years$1,204$810$531$340$214$158
36 years$1,158$769$496$313$194$141
37 years$1,114$730$465$289$176$127
38 years$1,073$694$435$266$160$114
39 years$1,034$660$408$245$145$102
40 years$997$628$382$226$131$91
41 years$962$598$358$209$119$82
42 years$928$569$336$193$108$74
43 years$896$542$315$178$98$66
44 years$866$517$296$164$89$59
45 years$837$493$278$152$81$53
46 years$810$470$261$140$73$48
47 years$784$449$245$129$67$43
48 years$759$428$231$120$61$39
49 years$735$409$217$111$55$35
50 years$712$391$204$102$50$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $729,000, adding $3,941 every year, while hoping to spend $31,420 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: 54/25/21 Blend
73$729,000$729,000$729,000$729,000
74$807,423$768,786$757,487$846,194
75$856,350$773,026$749,432$877,462
76$909,214$776,421$740,054$907,853
77$966,383$778,895$729,276$940,264
78$1,028,264$780,371$717,016$974,898
79$1,095,301$780,763$703,190$1,011,978
80$1,167,983$779,982$687,709$1,051,754
81$1,246,850$777,933$670,479$1,094,500
82$1,332,492$774,515$651,404$1,140,522
83$1,425,561$769,622$630,381$1,190,157
84$1,526,774$763,139$607,304$1,243,779
85$1,636,919$754,946$582,062$1,301,800
86$1,756,862$744,916$554,539$1,364,679
87$1,887,558$732,913$524,612$1,432,920
88$2,030,057$718,794$492,155$1,507,085
89$2,185,515$702,407$457,034$1,587,793
90$2,355,204$683,592$419,112$1,675,728
91$2,540,525$662,178$378,242$1,771,647
92$2,743,019$637,985$334,273$1,876,388
93$2,964,383$610,822$287,048$1,990,877
94$3,206,486$580,488$236,399$2,116,137
95$3,471,385$546,769$182,156$2,253,299
96$3,761,345$509,440$124,138$2,403,613
97$4,078,862$468,262$62,156$2,568,459
98$4,426,682$422,983$0$2,749,366
99$4,807,830$373,336$0$2,948,911
100$5,225,639$319,040$0$3,182,985